Analyze approaches to project risk management and techniques


Assignment: Project Report

Competencies

• Examine communication, human resources, procurement, and stakeholder management as project management functions.

• Analyze project management processes, scope, and the project management lifecycle within a range of projects.

• Evaluate organizational influences on project management and methods utilized for staffing, managing, and executing a project.

• Analyze approaches to project risk management and techniques used to assess and control project risks.

• Evaluate the concepts of work breakdown structure, coding, forecasting, and scheduling as project control functions.

• Examine the activities and roles of project integration, time, cost, quality, and resource management when managing projects within organizations.

Scenario Information

You are assuming the role of the project manager for a company called SuperPacks to provide a new backpack product with a built-in refrigeration pouch and radio module. Your customer for this project is the U.S. Army, Ground Forces and Special Operations. As the project manager for your team, you will be submitting to your manager a project management report.

Instructions

Having been recently hired by the company, you will assume the role of the assigned project manager overseeing the design, development, production, and delivery of the new product. The details below provide a summary of your company's project:

• Company type (name your company): A small defense contractor located in the United States of America

• Company size (employees): 100

• Product: Backpack with built-in refrigerated pouch and radio module

• Awarded quantity: 200 units - 100 assigned to Ground Forces / 100 assigned to Special Operations

• Program Budget: Proposed award: $1,500,000

• Customer: U.S. Army, Ground Forces and Special Operations Unit

• Award date: Current Date

• Completion date: Two years from current date

• Delivery schedule: 100 units, 12months ARO (after receipt of order). 50 units every 3 months after first delivery

• Milestone Schedule:

o First delivery:
o Second delivery:
o Last delivery:
o First milestone payment (from the customer):
o Second milestone payment:
o Final milestone payment:
o Initial program review (at the customer's site):
o Subsequent program reviews: 6 months after the initial review

Expected Result from Senior Management

• On-time delivery for the three stated product deliverables
• Desire to complete the total program under the stated budget of $1,500,000
• All milestones accomplished by due dates listed
• Supplemental contract for future additional units (backpacks)

You will be submitting to your manager, using the Final Project Report Template in Microsoft Word or similar, a project management report, which will include the following:

a. Executive summary
b. Project background/project overview
c. Major activities/milestones
d. Project closure synopsis
e. Project metrics performance
f. Project management issues
g. Project closure recommendations.

Format your assignment according to the following formatting requirements:

1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.

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Project Management: Analyze approaches to project risk management and techniques
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