Essay about A&D High Tech (A)

Identify a minimum of 10 project risks and when each will occur in the project life cycle, and then determine their impact and probability of occurrence.

Many risks are interrelated. Analyze the following compound risk: Unstable requirements with tight budget will likely cancel the project. Discuss the dependencies that exist between the two risks.

In almost every business, project management is critically important. The critical path method (CPM) will provide a timeline for the project manager for when tasks should be completed. In addition, providing a deadline and the negative effects it will have on the following successors if not completed on time. These many task are interdepended. Therefore, the CPM provides the start and finishes times of the tasks, and identifies the few tasks on the critical path that the project manager should observe to determine which task needs the most attention. Already discovering and incorporating the details the task or assignments may require, CPM calculates all task times, which can be measured in hours, days, weeks, and months. For any unintended manually input errors, a warning message will be provided. Including an automatic successor generator, task numbering comment, and data validation, makes it easier on the project manager.

An example of the critical path method would be the construction of a cement patio over a four day weekend. With the following steps: on the first day dig the foundation and build the cement forms; on the second day have the cement delivered and poured into the form and finished; on the third day have the lumber delivered and start the arbor construction; on the final day complete construction and seal the wood. In this method it can be determined that there are two paths that are critical to project completion, the cement pouring and finishing on the second day. The delivery of the lumber on the third day for arbor construction, which if either critical activity is delayed the time for completion may not be met (Galloway, 2006).

The report is written prior to the completion of the project (assumed to be completed in the next 12 months)

Critical path analysis is a method that is used to plan out the many activities involved in a project to be able to find the most efficient way of complete it and how to complete it on time.

As the last factor, poor third-party contractors could be the reason of the delay in the schedule. Due to low bid amount, many project faces poor selection of contractors and their staff with no technical capabilities to handle the projects which causes most likely cost overruns, poor quality and unacceptable final results, besides the schedule delays. To solve this problem, the project team should identify qualified contractors and make sure that all the staff in the site is competent and meets the requirements of the

As the project is one month behind schedule, the team should be informed about the drop behind. The importance of the deadlines should be emphasized. They should re-plan how the project would be implemented from this point forward. They must set priorities and tasks how to complete it on time. They should set targets both short-term (for example, in a time frame of 2-3 weeks) and long-term (for example, in a time frame of 1-1.5 month) so it is possible for everybody to follow the progress of the project more accurately. The team should be motivated to work harder to

As with any other topic in project management, there are also "non-project factors" that can contribute to the estimate's accuracy. Since this project is working with new technology, the project may experience some downtime due to machine malfunctions or server problems. A team must also factor in holiday schedules, available resources, and certain

The critical path method (CPM) is a step-by-step project management technique for process orchestrating that defines critical and non-critical tasks with the goal of averting time-frame quandaries and process bottlenecks. The CPM is ideally suited to projects consisting of numerous activities that interact in an involute manner. Then the connections between the tasks, kenned as dependencies, are established. By following a path among the project tasks that is the longest

The critical path for a project is a sequence of dependent tasks that have the largest sum of most likely durations. The critical path determines the earliest possible completion date of the project. The critical path tasks have no slack time available – thus, any delay in completion of any of the tasks on the critical path will cause an overall delay in the completion of the

4. During which month of the project are the highest and lowest costs expected to

The main factor for not completing the project is team failure which is because of poor overall initial planning. When there are unrealistic goals being set, creating a chaotic working environment there is bound to be nothing but pure failure of the project and its successin the near future. There can be two major causes for the team project failures; overdue or missed time standards, and going beyond set financial plans. With the interpretation of day to day basis risk assessments into team developed projects, there is a more realistic set of guidelines, and procedures put into place. The definition of a risk assessment states , “ that it is

As we discussed in the previous traditional execution, their project is oftely delay to the market, this tools are useful for them to analyze their critical path. In jaguar project they used Primavera to identify the critical path at every point of the project. This tools useful to ensure the

4) Each project team member will allocate 2 hrs per day to the project over