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In your own words, answer this unit’s discussion questions in a main post (recommended minimum 300 words), and respond to at least 2 peers’ postings (recommended minimum 75 words).

Assignment Details

The Woolong Company produces high-end vacuum cleaners and sells them to consumers online. They are designing a new product, and you have been hired as the project manager to oversee it.

  • Discuss the tools and techniques you should you use to identify the project stakeholders.
  • Describe potential risks associated with this project, and explain what risk management processes can be utilized.
  • Share other important components that a project manager should consider as this project continues into the execution phase.

Respond:

As the project manager overseeing the design of a new product for Woolong Company, I would use a number of tools and techniques to identify the project stakeholders. Using a stakeholder analysis would be the key which would then trigger the right stakeholder for the project. In the analysis, you would be looking for someone who has the correct funding as well as the right amount of interest for the project. I would also use any historical data in my analysis to be assist in forecasting.

Some potential risks associated with this project would be the direction of the project and how to get the focus back to where it needs to be in order to be successful. Some risk management processes may include security breaches and or technical issues with the website. Considering it is an online business, there needs to be certain precautions utilized to minimize those risk factors. There should be some of the best NOC engineers on the team, to constantly fight off hackers attempting to compromise or hack into any data.

Some other important components that a project manger should consider as this project continues into the execution phase is constant monitoring to find areas of improvement. Very strong communication will need to be in play so that any training or guidance can be given at any given time. I would set up Weekly Business Reviews (WBRs) and Monthly Business Reviews (MBRs). This will ensure that all management partners are all aligned with the necessary tasks and goals in order to be successful. They can then give any feedback from their end for further clarification and guidance. Training will also assist in improving and with technological updates, we can make sure all employees are keeping up with the changes and are knowledgeable in all needed areas.

Respond:

The Woolong Company produces high-end vacuum cleaners and sells them to consumers online. They are designing a new product, and you have been hired as the project manager to oversee it.

  • Discuss the tools and techniques you should you use to identify the project stakeholders.

Stakeholder analysis is the traditional job analysis method. It attempts to describe the right stakeholders for this work, along with those stakeholders to whom you should be giving special attention, and the reason why. It is also an early chance to get stakeholder views, not only about the work but the broader context in which it can go. Stakeholder analysis is the method to describe and analyse the stakeholders surrounding the project. It offers data on stakeholders and their relationships, interests, and prospects. The specific analysis of the stakeholders will help you to create the plan approach suited to this position and will allow you to negotiate better with the stakeholders.

  • Describe potential risks associated with this project, and explain what risk management processes can be utilized.

Project risk management: Describes the procedures related with leading risk management on the project. It comprises of this Risk management design, hazard Identification, Qualitative hazard Analysis, Quantitative hazard Analysis, Risk Response Planning, and Risk Monitoring and Control program management procedures. Project Procurement management: Identifies the procedures that buy or develop products, services or outcomes, as well as contract management procedures.

  • Share other important components that a project manager should consider as this project continues into the execution phase.

Work observation is an important element of this project management cycle. It is one of the important components in the success of this program. The project monitoring element must be included within the work initiation period. Project observation is not a one minute thing, it must be carried out endlessly in various stages of the work. In most of these corporations, these tasks are normally supervised by the project managers or team results. It is their main responsibility to create an effective monitoring device that can keep the hawk eye on the program development.

The importance of the process should be understood by the work team in order to create appropriate strategies. Usually, the work team may relax after the implementation stage, And so this plan may not be fully ready for the significant process.All efforts by the project management team within the work life cycle are directed towards the effective and smooth work closure process, When these deliverable are signed-off by this client. Work delays may be prevented by the participation of the client throughout the work life cycle.

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