You should think about these ten risks when supervising IT projects:
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You should think about these ten risks when supervising IT projects:
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- It's important to think about these 10 risks while supervising IT projects:what are potential risks that could affect the outcome of a project?Topic: Project ManagementPlease answer thoroughly Software Development Risk Management Model- a goal-driven approach You are required to identify and select a project that you have worked on, whether as a project manager or project team member. If you have not worked on a project before or are unable to select a suitable project based on your work experiences, you should select a project that you know about and have sufficient access to the project’s information. If you decide to select a project outside of your work experiences, there are projects in your local community, your country, the region, or internationally that you may be able to select as a case for this assignment. Please be deliberate in your selection or when choosing a project to work with. You should avoid selecting a project for which genuine information is difficult to obtain or a project for which information is not freely and/or publicly available. You should not select a project that is incomplete or in its…
- Discuss the common sources of risks in IT projects and suggestions for managing them. Which suggestions do you find most useful/ Which do you think will not work? Why?A checklist of common risks may be used to identify various risks in a project. How can you create such a list? And based on whatCreate a list of two potential risks that could affect the outcome of a project.
- Additionally, include the possible project scope and risk issues, you may encounter.Facts: The purpose of the Planning Phase is to plan all project processes and activities required to ensure project success and to create a comprehensive set of plans, known as the PMP, to manage the project from this phase until project termination. Question: In your own opinion. Give at least 3 common problems which you think you will face in the process of SDLC Project Management and why?A Hospital Management System Development Project has a budgeted cost of Rs. 22,700,000/-. The project is to be completed in 11 months. After 4 months, you have completed 24 percent of the project at a total expense of Rs. 2,925,000/-. You, as a Project Manager, needs to submit the monthly performance report to the Steering Committee. Based on EVM methodology, please identify the current progress of the Project. Find Budget at Completion (BAC), Actual Cost(AC), Planned Value (PV) and Earned Value (EV). Calculate the Project Health by finding values of Schedule Variance (SV), Schedule Performance Index (SPI), Cost Variance (CV) and Cost Performance Index (CPI). What these value shows? If the project continues at the current pace, what will be the true cost of the Project or Estimate at completion of the project. What actions, you would suggest or take as a Project Manager, to keep the budget and time under control.