Risk Management - Essay Example

As this project progresses, the project manager will verify the project deliverables against the original scope. In addition, the project manager should serve as a mediator between the business and the developing team. All activities should be checked in the Gantt chart and Project Manager. The Project Scope Management Plan provides all the information for the Project Management and ensures that the scope will be verified. It also gives guidance on how project scope will be managed. The Project Manager must verify these deliverables are those items that have been finished.

However, upon the end of implementation phase, closing a project becomes a necessary point. Closing a project requires careful analysis and often misunderstood from a project management standpoint. This paper will discuss some of the project closures that are challenging for project management.Often times in a project, expectations are not met that are defined in scope and the WBS. Thus, creating contingency strategies is pivotal towards executing a successful project. One of the most pivotal contingency strategy is to have a high incremental cost of resources.

Resources are often less expensive when they are bought in bulk, but expensive if they are purchased incrementally. Hence, it is critical to have software and other resources purchased in bulk to avoid paying extra money. One of the biggest concerns for closing a project is the end the finer details of the store. This becomes more problematic the project does not achieve optimal results. This is where the project may fall. For instance, The Project Manager should produce confirmation from the Senior User or User Group that the final product or outcome of the project meets the acceptance criteria.

  The fourth element of risk is user testing is one element that can be problematic, especially in an Agile environment. In every given WBS, user testing is defined in iterations. However, user testing becomes problematic given a final holistic approach of the project itself. Even in beta testing becomes problematic, which is definitely an issue because it obliterates quality in a project and creates chaos. Managing change request is another huge issue that project managers have to be well-aware off.

This is problematic because change requests are part of any project management. In order to manage change requests, project managers must collaborate with stake holders in order to remove any unclear understanding that dictates the goals and the objectives of the project. Controlling change requests for creating virtual servers or a software for instance would have to support the elements that the business case possesses can be cumbersome to manage when closing a project. A change request in essence should be handled through collaboration, understanding business needs, looking at prototypes and analyzing the crucial elements that drive the project.

The last element of the project milestone that is highly essential is the control. Often time it occurs that the project is challenged with scope changes that can be a deterring factor. Managing change requirements that occur during a project will allow the project to meet the constraints. Making the change at any stage is not easy and must correlate with the change management process, which is an additional burden that must be accounted for. Without a doubt, managing a project is difficult as it gets closer to a shutting down phase.

Closing a project requires careful analysis and can be concerning. These concerns consist of budget discrepancies, lack of collaboration, change requirements, and user testing. With careful planning, these concerns can be avoided to ensure that the project meets scope, time and resources.References10 Golden Rules of Project Risk Management. (n.d.). 10 Golden Rules of Project Risk Management. Retrieved May 25, 2014, from http://www.projectsmart.co.uk/10-golden-rules-of-project-risk-management.

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