Ba 645 Week 8 Final

1. How might you use project management for doing a 20 page paper over Wal-mart? What would you do in each step?

Project management is crucial for the success of a company or a business. According to Wysoki (2009), a project represents a sequence of complex, unique and connected tasks and activities with one major purpose which needs to be completed in a certain time and within a budget. Project management is the art of efficiently handling and managing project. If a project needs to be done for Wal-mart, I would first think about the scope of the project. After the scope is defined, I would go the planning process, and then to implementation. After implementation there is monitor and control. So, a project does not end when the implementation process is finished, but it keeps going on.

Reference

Wysoki, R. K. (2009).  Effective Project Management: Traditional, Agile, Extreme.  Hoboken, NJ:  Wiley & Sons.

2. Discuss the drawbacks of implementing a project plan without an LRC.

According to NJIT (2012), a linear responsibility chart or LRC is a chart in matrix form in which the tasks of the project are listed, while individuals and departments are listed in columns. These type of charts can be created using software to Microsoft Project. A major disadvantage of not using such a chart is that the communication process or the tasks and activities can fall through the cracks if the responsibility is not taken by anyone in case the responsibility needs to be taken by someone.

Reference

NJIT (2012). Responsibility Chart. Retrieved from http://web.njit.edu/~ml7/ie492_project/responsibility.htm

3. Discuss the differences between highly probable risks and extremely serious risks.

According to Wysoki (2009), every project is subject to risks and some of them may be identified while others cannot be identified. There are various types of project risks, such as: technical risks, project management risks, organizational risks, and external risks. Each project...