Week 1 Begins With An Individual Assignment. Please Note Tha

Week 1begins With An Individual Assignment Please Note That In This

Compare two project case studies from "Case Studies in Project Management" by analyzing their feasibility, risks, costs, benefits, and overall viability. Use at least two of the provided templates to support your evaluation. Your report should include an overview of both projects, a high-level risk assessment indicating challenges and risk levels, a cost-benefit analysis highlighting total costs and benefits, and a substantiated recommendation on which project to pursue based on feasibility and potential return on investment. The analysis should present a clear rationale, supported by references, structured with a table of contents, executive summary, and formatted according to specified guidelines. The final report should be approximately 10-12 pages, possibly including appendices, with structured content that assesses each project's viability and justifies the recommended choice for leadership consideration.

Paper For Above instruction

The purpose of this assignment is to critically compare two selected project case studies from "Case Studies in Project Management" through a comprehensive feasibility and risk analysis. This comparison aims to determine which project offers the greatest potential for success and provides the strongest justification for leadership support. To accomplish this, a structured approach utilizing at least two of the provided templates—potentially including the Business Case or Project Initiation Documents and a Feasibility Study template—is essential. The comparison will encompass an overview of both project scenarios, an assessment of high-level risks, a cost-benefit analysis, and a reasoned rationale to select the most viable project.

Initially, the report will introduce both projects by summarizing their objectives, scope, and context. A clear understanding of each project's fundamentals helps frame the subsequent analysis. The high-level risk assessment will evaluate potential challenges, estimating their probability and severity of consequences using a simple risk matrix. This will help identify which project presents more significant risks—crucial information for decision-making.

The cost-benefit analysis will estimate the overall financial and strategic benefits versus the expected costs of each project. Quantifiable benefits might include revenue enhancements, cost savings, or strategic advantages, while costs may involve investments in resources, technology, or manpower. The analysis aims to juxtapose the overall benefits and costs visually and descriptively, providing an intuitive understanding of each project's value proposition.

Furthermore, the feasibility analysis will incorporate critical factors such as technical viability, resource availability, organizational readiness, and external environmental considerations. This section underscores whether each project can realistically be executed successfully, supporting the overall decision-making process.

After analyzing both projects, the report will recommend the project deemed most feasible, beneficial, and aligned with strategic goals. The justification will be supported by thorough reasoning, referencing assumptions, potential risks, expected benefits, and overall strategic fit. Emphasis will be placed on providing a compelling argument—often termed "biggest bang for the buck"—that motivates leadership to support the chosen project.

Throughout the report, proper academic standards will be maintained, including citations, references, and structured formatting. The presentation will include a table of contents, executive summary, and clear headings/subheadings to enhance readability and professionalism.

References

  • PMI. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) — Sixth Edition. Project Management Institute.
  • Meredith, J. R., & Mantel, S. J. (2017). Project Management: A Managerial Approach (9th ed.). Wiley.
  • Kerzner, H. (2013). Project Management: A Systems Approach to Planning, Scheduling, and Controlling. Wiley.
  • Kloppenborg, T. J., Anantatmula, V., & Wells, K. (2019). Contemporary Project Management (4th ed.). Cengage Learning.
  • Larson, E. W., & Gray, C. F. (2017). Project Management: The Managerial Process (7th ed.). McGraw-Hill Education.
  • Schwalbe, K. (2018). Information Technology Project Management (8th ed.). Cengage Learning.
  • Heldman, K. (2018). Project Management JumpStart. Wiley.
  • Zwikael, O., & Smyrk, J. (2011). Strategic Project Management. Springer.
  • Turner, J. R. (2014). Handbook of Project Management. Gower Publishing.
  • Heldman, K. (2018). PMP Exam Study Guide (9th ed.). Wiley.