MGT640Topic4ProjectRiskAssessmentProblemsTEMPLATE.xls

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    Project Risk

    MGT 640 Topic 4, Project Risk Assessment Problems SOLUTION
    ID Task Optimistic Duration (days) Most Likely Duration (days) Pessimistic Duration (days) PERT Expected Duration (days) Critical Path Variance
    1 TECHNOLOGY REFRESH (VERSION B) PROJECT
    2 Initiating
    3 Meet with key stakeholders 2 3 12 4 √
    4 Finalize statement of work 2 10 15 10 √
    5 Secure project team leads 2 2 4 2
    6 Finalize stakeholder register 2 10 13 9 √
    7 Develop project charter 2 5 17 7
    8 Finalize project charter 2 4 8 4 √
    9 Planning
    10 Scope Planning
    11 Requirements
    12 Develop/finalize functional requirements 10 18 28 18 √
    13 Develop/finalize hardware requirements 12 16 18 16
    14 Develop/finalize software requirements 10 16 30 17
    15 Develop/finalize requirements traceability matrix 11 14 28 16
    16 Finalize project deliverables 2 2 3 2 √
    17 Develop scope statement 4 9 10 8 √
    18 Finalize/Update WBS 2 3 5 3 √
    19 Schedule (Time) and Cost Planning
    20 Finalize hardware/software costs 2 4 5 4
    21 Update activities and duration estimates 6 12 14 11 √
    22 Human Resource Planning
    23 Finalize resource requirements 6 10 14 10
    24 Finalize project costs 4 11 19 11
    25 Identify training requirements 2 4 5 4 √
    26 Complete training activities 6 12 14 11 √
    27 Quality Planning
    28 Determine impacted quality processes 2 3 4 3 √
    29 Finalize quality management plan 2 10 18 10
    30 Risk Planning
    31 Update project risks 3 6 12 7 √
    32 Draft risk register 2 3 8 4
    33 Finalize risk management plan 2 4 7 4
    34 Finalize Project Plan
    35 Finalize communications management plan 2 3 4 3
    36 Finalize procurement management plan 2 6 14 7
    37 Finalize stakeholder management plan 2 2 5 3
    38 Finalize project schedule/cost baseline 2 13 19 12
    39 Finalize project plan 2 5 16 6 √
    40 Obtain approval for project plan 2 4 7 4 √
    41 Executing
    42 Hardware
    43 Procure hardware from suppliers 10 24 32 23 √
    44 Software
    45 Obtain software OS licenses 6 11 20 12 √
    46 Obtain software application licenses 6 8 17 9
    47 Pilot Testing
    48 Setup test area 1 2 2 2
    49 Load software onto pilot machines 4 6 8 6 √
    50 Validate functionality 3 6 8 6
    51 Deployment
    52 Configure production hardware 10 25 33 24 √
    53 Deploy production hardware 11 19 23 18 √
    54 Load software to deployed hardware 12 17 19 17 √
    55 Testing
    56 Validate startup on deployed hardware 4 9 18 10 √
    57 Perform OS testing 4 8 17 9
    58 Perform application testing 4 19 28 18 √
    59 Obtain formal sign-off from users 6 17 24 16
    60 Monitoring and Controlling
    61 Formal Customer Review 1
    62 Hold formal customer review after project plan approval 1 3 4 3 √
    63 Update project plan 4 10 20 11
    64 Formal Customer Review 2
    65 Obtain updates regarding key deliverables from project team 5 18 22 17 √
    66 Hold formal customer review after pilot testing 5 7 11 7 √
    67 Update project plan 4 8 15 9
    68 Closing
    69 External
    70 Finalize procurement with suppliers 5 18 24 17
    71 Customer Approval
    72 Hold final customer review 1 2 2 2 √
    73 Prepare/submit final customer report 3 6 10 6 √
    74 Audit against contractual deliverables 3 5 8 5
    75 Obtain final customer approval 2 3 4 3 √
    76 Internal
    77 Hold lessons learned meeting 1 1 1 1
    78 Update final internal report 4 6 12 7 √
    79 Hold project team celebration event 1 1 2 1 √
    Expected Project Finish Time: Total Critical Path Variance: days
    days
    Total Critical Path Standard Deviation: days
    Probability of finishing the project in 287 days is
    or
    %
    Probability of finishing the project in 273 days is
    or
    %

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