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Posted: May 1st, 2022
Budget and Risk Management: At the end of this week, you are to finalize the overall project
Weekly Assignment – Structure:
ELECTRICAL VECHILES
Budget and Risk Management: At the end of this week, you are to finalize the overall project cost and clearly document project risks gathered throughout the project. As part of the risk management plan, you are expected to share a risk response plan. Project cost and risk management plans will include the following components:
– Overall project budget (utilizing EVM – share current and forecasted project status)
– Project requirements
– Cost management plan – outlining contingency plan for project changes
– Risk management matrix
– Change management process
– Project RAID (Risk, The assumption, Issues, and Dependencies)
4th
Final week, you are to finalize the overall project management plan (PMP) and to integrate all previously submitted components incorporated with instructor (project sponsor) feedback into a single project management plan. The project management plan will include the following components:
– Project quality management plan to include an updated scope, cost, schedule, communication, risk, resources, procurement, and quality)
– Project requirements – updated
– Stakeholder register – updated
– How project RAID (Risk, Assumption, Issues, and Dependencies)will be managed
– Project sponsor approval of the key project deliverables
——–
Structure of Weekly Assignment:
ELECTRONIC VEHICLES
Budget and Risk Management: By the conclusion of this week, you should have finalized the overall project cost and documented all project risks acquired so far. You must share a risk response strategy as part of the risk management plan. The following elements will be included in project cost and risk management plans:
– Budget for the entire project (using EVM – communicate current and expected project status)
– Project specifications
– A cost management plan laying out a contingency plan in case the project changes.
– A matrix for risk management
– The process of change management
– RAID Project (Risk, The assumption, Issues, and Dependencies)
4th
Final week, you are to finalize the overall project management plan (PMP) and to integrate all previously submitted components incorporated with instructor (project sponsor) feedback into a single project
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