Exam (elaborations)
Proj 420 _week 2 disussion 2
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Proj 420 _week 2 disussion 2
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The Initiation Step (graded)The goal of the initiation step is to identify the project objectives. This is a different
view from what has been accepted practice in risk management. Why do you think
this is a better approach?
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(an instructor response)
Collapse Mark as ReadHi Class - initiation step Discussion Professor Moretti
Email this Author 3/7/2015 7:25:26 AM
The goal of the initiation step is to identify the project objectives. This is a different
view from what has been accepted practice in risk management. Why do you think
this is a better approach?
Collapse Mark as ReadRE: Hi Class - initiation step Discussion Lacresha
Frazier Email this Author 3/8/2015
10:39:04 AM
Modified:3/8/2015 10:40 AM
I tend to agree with our text, though identification has over time been looked at as
the first step that in actuality initiation should be considered the first importance
step in the risk management process. It would be difficult to identify all said risk
without having identified the project objective which is used to set specific
perimeters in relation to budget, time constraint, quality, and performance. Another
key factor in the initiation process is establishing the key stakeholders
,who are important to the project in order to keep down confusion as to who is in
charge at what point int he project process.
(an instructor response)
Collapse Mark as ReadHi Class - initiation step Discussion Professor Moretti
Email this Author 3/8/2015 5:37:16 PM
Hi Lacresha:
Very good point! Thanks for getting this conversation going this week.
OLM
Collapse Mark as ReadRE: Hi Class - initiation step Discussion Toni Jones
Email this Author 3/8/2015 8:52:31 PM
Hi Professor and Lacresha,
I agree with you Lacresha, the way our text explains the reason for the change
makes more sense to identify the objective. When the stakeholders can clearly
identify all the objectives for a project and agree on those objectives the task of
finding the risk can be more focus. This
way with clear objectives being listed the stakeholders can set the importance of
each and how much risk is acceptable to reach the scope of the project. I also see
that when everyone that has authority to make changes are at agreement from
the start of the project less scope changes will be made that will increase the
budget or conflict with main objective.
Collapse Mark as ReadRE: Hi Class - initiation step Discussion Jacob
Dobie Email this Author 3/9/2015
3:29:30 PM
,I like to think of project management as some sort of an art form due to a couple
factors. The first factor is that you need to initiate the project correctly so that the
stakeholders know what they are spending money on. You need to make sure they
understand what the "plan" is for lack of a better word. As we all know the plan will
most likely change during the course of the project but you have to make sure the
stakeholders are all onboard and know what the important facts are. Ultimately the
stakeholders can make or break your project so you have to make sure they are
happy. You also have to make sure the people doing the work are happy as well.
This is why I say that PM is an art form because you have to bridge the gap between
the stakeholders and the people doing the work and keep both party's happy.
Collapse Mark as ReadRE: Hi Class - initiation step Discussion Evan
Rafanello Email this Author 3/11/2015 4:38:47
PM
I agree with all the above comments. I think having a project scope in the beginning
is the first step in developing and analyzing risk factors for a project.
Recently, I have received a RFQ for a project with my company. It turns out the
initial information did not list a full project scope. The costing department had
began working to pull pricing together before we had an answer from the
customer. When the customer finally provided a full project scope it turned out that
they needed their products refrigerated.
Our plant is not currently set up with a refrigeration unit. This immediately became
a risk factor with this project. Working on pricing for a unit vs the revenue for the
project, it became unfeasible to get the refrigeration.
This is the main reason that project scope's are so important as a first step. We
had lost time and effort pulling information for a project that was too risky
financially to do at our facility.
Collapse Mark as ReadRE: Hi Class - initiation step Discussion
Christopher Strong Email this Author 3/11/2015
10:42:05 PM
Evan,
Like you said, that is a great example of why needing to know the scope of a project
, is so important. If you do not have the specifics about a project and you meet with
the customer and
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