Project Risk Management - Holyrood Project
Project Risk Management | M3N313401-12-B | Group report Jenna McCall : S1O21235 Adelle Kelly : S1023858 Angela Mitchell : S1034517 Luciano Farias : S1306729 Iaponaira de Abreu : S1306726 | | |
5103 words
Contents
1. Introduction 2.1 Executive summary 2. Case study
3. What is project management 4.2 Successful project management 4.3 Risk management in projects
4. Project Scope 5.4 Cost management 5.5 Time management 5.6 Project management tools
5. Stakeholder management 6. Conclusion 7. Recommendations 8. References
1. Introduction
After the identification of the requirements of the Holyrood parliament building, responsibility for the construction of the project was handed over to the Scottish Parliamentary Corporate Body in June 1999 which took place over the course of 5 years. A project goes through many phases throughout its lifecycle and can be deemed successful if implemented efficiently against initial objectives. This includes cost effective, quality management and completion within the required time scale with the overall aim being to meet stakeholder’s objectives. A project that fails is said to be one that lacks quality, control and management. In order for project management to be effective, both strategic and operational strategies must be incorporated.
1.1 Executive Summary
Project risk management is a systematic process concerned with reducing the risks and uncertainties involved in business activities, essential if a project is
5103 words
Contents
1. Introduction 2.1 Executive summary 2. Case study
3. What is project management 4.2 Successful project management 4.3 Risk management in projects
4. Project Scope 5.4 Cost management 5.5 Time management 5.6 Project management tools
5. Stakeholder management 6. Conclusion 7. Recommendations 8. References
1. Introduction
After the identification of the requirements of the Holyrood parliament building, responsibility for the construction of the project was handed over to the Scottish Parliamentary Corporate Body in June 1999 which took place over the course of 5 years. A project goes through many phases throughout its lifecycle and can be deemed successful if implemented efficiently against initial objectives. This includes cost effective, quality management and completion within the required time scale with the overall aim being to meet stakeholder’s objectives. A project that fails is said to be one that lacks quality, control and management. In order for project management to be effective, both strategic and operational strategies must be incorporated.
1.1 Executive Summary
Project risk management is a systematic process concerned with reducing the risks and uncertainties involved in business activities, essential if a project is
References: APM. 2013. Association for Project Management: What is risk management [online] Available at: http://www.apm.org.uk/WhatIsPM [Accessed 9 March 2013] Audit Scotland, 2004 BBC News. Timeline. ,2004. Holyrood. news.bbc.co.uk. [online] Available at : http://news.bbc.co.uk/1/hi/scotland/3210729.stm [Accessed on 10th March 2013] Fraser, R.H.L., 2004 HSE, 2013. Health and Safety Executive: Five steps to risk assessment [online] Available at: http://www.hse.gov.uk/risk/fivesteps.htm [Accessed 9 March 2013] Isobel White; Iqwinder Sidhu, 2005 John J. Lawlor., 2010. Successful Project Management: Eight Simple Steps to Follow. Available at: http://www.projectsmart.co.uk/successful-project-management-eight-simple-steps-to-follow.html. [Accessed 12 March 2013] Lord Fraser.,2004 Philip J. Kangas., 2011. Back To Basics Stakeholder Management. [online] Available at: http://asq.org/quality-progress/2011/03/back-to-basics/stakeholder-management-101.html [Accessed 13 March 2013] Project Smart Thompson, R. 2012. Stakeholder Management Planning Stakeholder Communication. Available at: http://www.mindtools.com/pages/article/newPPM_08.htm . [Accessed 12 March 2013] Rouse, M .2007 Santiago, J., Magallon, D. 2009. Critical Path Method. [online] Available at: http://www.stanford.edu/class/cee320/CEE320B/CPM.pdf. [Accessed 13 March 2013] Scotsman.2004.Holyrood timeline White, Isobel and Sidhu, Iqwinder., 2005