Book Shop Website For CDU Students Essay

Question:

Discuss about the Book Shop Website for CDU Students.

Answer:

Project Risk Management

The project of developing a new book shop website for CDU students would be formed for developing the effective operations of the looking and buying for the book from the online website of the CDU. The website implementation for CDU would help the students for carrying out the development of smart information system implementation (Pritchard and PMP, 2014). The analysis of the risk factors would help the project for integrating the improvement of the operational processing to sort the indefinite development for the project.

Risk Register

The risk register for the project of developing a new book shop website for CDU students is given below,

Name

Lack of management

Missing Equipment Environment

Attrition of employees

Change of Scope

Software Problem

Category

Operational

Technical

Management

Operational

Technical

Impact

Moderate

High

Moderate

Low

Critical

Probability

Rare

Unlikely

Probable

Likely

Certain

Rating

Medium

Medium High

High

Medium Low

Extreme

Mitigation

Development of proper management plan for implementing the effective and improved processing of activities supporting the implication of the project management concepts. It would help in developing the improved functions for the management of the operations of the project system development.

The development of resource management plan would help in integrating the effective deployment of the system integration for the deployment of the project system integration and development of the improved processing. The integration of the operations would tend to for the appropriate checklist for the analysis of the project operations.

The effective leadership and deployment of the operations would tend to form the analysis of the effective deployment of the motivation and evaluation of the team members. The attrition can be minimized by the help of involving the scheme of rewards and recognition, appraisals and appreciation, and effective communication.

The change of the project scope would involve the development of the effective communication and development of the operations. The employment of the project integration would be developed for forming the effective system integration for the deployment of the change management plan.

The use of IT system development cycle would help in forming the deployment of the effective software for the project activities. The software analysis plan would be helpful for carving out the intentional development of the processing and migration.

Owner

Project Board Members

IT implementation team

Project Manager/Team Leaders

Project manager

IT implementation team

Strategy

The implication and development of proper management plan for implementing the effective and improved processing of activities supporting the implication of the project management concepts. It would help in developing the improved functions for the management of the operations of the project system development.

The management of the project would involve the development for implying the safety development for the projects. The integration of the operations would tend to for the appropriate checklist for the analysis of the project operations.

The attrition can be minimized by the help of involving the scheme of rewards and recognition, appraisals and appreciation, and effective communication. The integration of the effective management strategy would tend to evaluate the concept of the team build up and team work. It would result in decreasing the overall attrition rates of the team members.

The website implementation for CDU would help the students for carrying out the development of smart information system implementation

The analysis of the risk factors would help the project for integrating the improvement of the operational processing to sort the indefinite development for the project.

The software analysis plan would be helpful for carving out the intentional development of the processing and migration. The use of the specific system development cycle would involve the carrying out of the activities of the project operations.

Table 1: Risk Register for the Project

(Source: Wu, Chen and Olson 2014, pp-4)

Risk Matrix

The risk matrix for the project of developing a new book shop website for CDU students is given below,

Name

Risk type

Risk description

Impact

Probability

Rating

Lack of management

External

Absence of the proper management process would form the issues of the integration of the project integration and integrated communication plan.

Moderate

Rare

Medium

Missing Equipment Environment

Internal

Some equipment can be missed out from the development of the project operations and the significant development of the organization for the operations of the organization.

High

Unlikely

Medium High

Attrition of employees

Internal

Some employees tend to leave the company and it would involve the lack of the effective management of the operations.

Moderate

Probable

High

Change of Scope

External

The change of the scope would deploy the implementation of the operations and some issues in implying the development of the operations and effective deployment of the effective processing and implementation.

Low

Likely

Medium Low

Software Problem

internal

The technical problems are a major factor for the deployment of the issues in problems in the website development of the CDU.

Critical

Certain

Extreme

Table 2: Risk Matrix for the Project

(Source: Wu, Chen and Olson 2014, pp-5)

Risk Management Procedure

The risk management procedure would involve the deployment of the effective and improved risk analysis process for the development of the risk assessment and analysis (McNeil, Frey and Embrechts 2015). The significant analysis of the project would tend to involve the significant development of operation employment and its symbolic processes. The risk management procedure would help in integrating the effective deployment of project functions for ensuring the website development is achieved. The management of the risk would be developed by forming risk assessment and analysis plan. The website implementation for CDU would help the students for carrying out the development of smart information system implementation. The analysis of the risk factors would help the project for integrating the improvement of the operational processing to sort the indefinite development for the project. The identification of the risk would be implied for forming the effective risk factor identification of the risk analysis (Lam 2014). The risk monitoring would involve the development of some processes and methods for implementing the effective and improved operations for the project of developing a new book shop website for CDU students. The risk analysis can be done by using the data analysis methods like surveys, reports, and other documents.

Other Information related to Risk Management

Risk management planning: The risk management planning would help in integrating the effective deployment of project functions for ensuring the website development is achieved (Glendon, Clarke and McKenna 2016). The significant analysis of the project would tend to involve the significant development of operation employment and its symbolic processes. The management of the risk would be developed by forming risk assessment and analysis plan. The website implementation for CDU would help the students for carrying out the development of smart information system implementation. The analysis of the risk factors would help the project for integrating the improvement of the operational processing to sort the indefinite development for the project.

Risk Identification: It is done for identifying the various factors of risk assessment and its analysis for sorting out the factors of the risk in the project. The identification of risk factor would evaluate the development of the improved processes in the organization.

Qualitative Risk Analysis: The analysis of the impact of the changes would be critically evaluated for forming the effective integration and management of the operations. The analysis of the change and its impact would result in either forming the development of the project operations with change implementation or rejection of the change implementation.

Quantitative Risk Analysis: The analysis of the impact of the changes would be statistically evaluated for forming the effective integration and management of the operations (Hwang, Zhao and Toh 2014). The analysis of the change and its impact would result in either forming the development of the project operations with change implementation or rejection of the change implementation.

Risk Response Planning: The risk response planning would involve the development of the system development for the implication of the processes of the development (Kopmans 2014). The risk response planning would help in formulating some methods for the change control process of the project of developing a new book shop website for CDU students

Risk monitoring and control: The risk monitoring would involve the development of some processes and methods for implementing the effective and improved operations for the project of developing a new book shop website for CDU students.

Risk analysis techniques used: The risk analysis can be done by online surveys and documentation. The data collected and analysed would be collected for forming the effective analysis of risk factors.

Risk acceptance parameters/criteria: The Time, Cost, Quality, Benefit, and Scope would be developed for forming the integration of the project operations.

Risk categories: Operational, technical, structural, finance etc.

Change control processes: The change of the project scope would involve the development of the effective communication and development of the operations. The employment of the project integration would be developed for forming the effective system integration for the deployment of the change management plan (Hwang Zhao and Toh 2014). The change control process for the project of developing a new book shop website for CDU students would involve the use of the five basic steps. These five steps are request for change, analysis of the impact, approval or denial of the change, implementation of the change, and review or reporting the change. The change management would involve the development of the system development for the implication of the processes of the development (kKo Cole et al. 2013). The control process is an analysis of the project of website development for CDU students.

Change and Issue Management

Outline of the Change Management Process and Change Authority Developed

Change management includes the significant analysis of the project would tend to involve the significant development of operation employment and its symbolic processes. The change control process for the project of developing a new book shop website for CDU students would involve the use of the five basic steps. These five steps are request for change, analysis of the impact, approval or denial of the change, implementation of the change, and review or reporting the change (Design 2017). The change management would involve the development of the system development for the implication of the processes of the development. The control process is an analysis of the project of website development for CDU students. Implementation of the change process would consider the development of the project integration and development. The initial analysis of the project would involve the flow of operations (Glendon et al. 2016). The change implementation would form the issues in integrating the deployment of the project progress and successive implementation process. The approved changes of the project would be implied in the successive deployment of the project operations. The implementation would be considered for integrating the adaptive analysis of the project integration management. The final activity is the review of reporting of the project of developing a new book shop website for CDU students is formed for the development of an overview of the changes implemented in the project (DeAngelo and Stulz, 2015). The most effective and improved processing for the project would inherit the development of the improvement facilities.

Outline of the Configuration Management Procedure

The outline of the project’s configuration management procedure includes the configuration identification, change management, configuration status accounting and configuration audits (Chance and Brooks 2015). The following table would involve the configuration management procedure for the project of developing a new book shop website for CDU students,

Name of the Step

Description

Configuration Identification

The first step of the configuration management procedure is requesting for the implementation of the change. The request is received for implying the change.

Change Management

The change management would involve the development of the system development for the implication of the processes of the development.

The change control process for the project of developing a new book shop website for CDU students would involve the use of the five basic steps namely request for change, analysis of the impact, approval or denial of the change, implementation of the change, and review or reporting the change.

Configuration Status Accounting

The analysis of the impact of the changes would be critically evaluated for forming the effective integration and management of the operations. The analysis of the change and its impact would result in either forming the development of the project operations with Configuration Status Accounting. The Configuration Status Accounting would form the issues in integrating the deployment of the project progress and successive implementation process.

Configuration Audits

The final activity is the audit of the configuration activities of developing a new book shop website for CDU students is formed for the development of an overview of the changes implemented in the project. The most effective and improved processing for the project would inherit the development of the improvement facilities by the Configuration Audits.

Table:

(Source: Bromiley et al. 2015, pp-265)

Project Approach for Exigent Circumstances and Problems

The most significant development of the project approach for dealing with the exigent circumstances and problems includes the use of the following process,

Step 1

The analysis of the impact of the exigent circumstances and problems would be critically evaluated for forming the effective integration and management of the operations (Brindley 2017). The analysis of the exigent circumstances and problems and their impact would result in either forming the development of the project operations with prioritization of the project.

Step 2

The change implementation would form the effectiveness in integrating the deployment of the project progress and successive implementation process for dealing with exigent circumstances and problems. The approved changes of the project would be implied in the successive deployment of the project operations.

Step 3

The review of reporting of the project of developing a new book shop website for CDU students is formed for the development of an overview of the changes implemented in the project. The most effective and improved processing for the project would inherit the development of the improvement facilities.

Step 4

The final activity is the audit of the configuration activities of developing a new book shop website for CDU students is formed for the development of an overview of the changes implemented in the project.

Table:

(Source: Bromiley et al. 2015, pp-275)

Project Progress Control

Project Control Mechanisms

The project control mechanism is employed for the project of developing a new book shop website for CDU students and it would help in developing the effective flow of the operations in the organization. The project would involve the 3 step process of the controlling the operations of the project (Aven 2016). The project controlling would be done by employing the effective and smart project planning, executing, and evaluation process. The project planning would form the integration of the deployment of the project progress and successive implementation process. The approved changes of the project would be implied in the successive deployment of the project operations. The implementation would be considered for integrating the adaptive analysis of the project integration management. The project evaluation consists of the specific methods and processes for the development of the effective project operations. According to Bolton, Chen and Wang (2013), the project analysis would involve the development of the evaluation method for critical analysis of the project operations. The formation of the project reports would consider the analysis of the project involvement.

Outline of Allowable Project Tolerances

Factor

Management Level

Time

Project Manager

Cost

Sponsor

Quality

Website Designer

Benefit

Project Team

Scope

Client

Risk

Project Manager

Staging Project Plan

The project plan for the project of developing a new book shop website for CDU students would involve,

  • Project Initialization
  • Project Planning
  • Project Activities
  • Project Evaluation
  • Project Documentation
  • Project Closure

References

Aven, T. 2016. Risk assessment and risk management: Review of recent advances on their foundation. European Journal of Operational Research, 253(1), 1-13.

Bolton, P., Chen, H., and Wang, N. 2013. Market timing, investment, and risk management. Journal of Financial Economics, 109(1), 40-62.

Brindley, C. (Ed.). 2017. Supply chain risk. Taylor & Francis.

Bromiley, P., McShane, M., Nair, A., and Rustambekov, E. 2015. Enterprise risk management: Review, critique, and research directions. Long range planning, 48(4), 265-276.

Chance, D. M., and Brooks, R. 2015. Introduction to derivatives and risk management. Cengage Learning.

DeAngelo, H., and Stulz, R. M. 2015. Liquid-claim production, risk management, and bank capital structure: Why high leverage is optimal for banks. Journal of Financial Economics, 116(2), 219-236.

Design, R. W. 2017. How much does a website cost? Retrieved July 22, 2017, from Red Fox: Hinde, D. (2012). PRINCE 2 STUDY GUIDE. West Sussex, UK: John & Wiley Ltd.

Glendon, A. I., Clarke, S., and McKenna, E. 2016. Human safety and risk management. Crc Press.

Hwang, B. G., Zhao, X., and Toh, L. P. 2014. Risk management in small construction projects in Singapore: status, barriers and impact. International Journal of Project Management, 32(1), 116-124.

kKo Cole, S., Gin?, X., Tobacman, J., Topalova, P., Townsend, R., and Vickery, J. 2013. Barriers to household risk management: Evidence from India. American Economic Journal: Applied Economics, 5(1), 104-135.

Kopmans, T. 2014, June 20. How long does it take to design and build a website? Retrieved July 25, 2017, from Lift Interactive:

Lam, J. 2014. Enterprise risk management: from incentives to controls. John Wiley & Sons.

McNeil, A. J., Frey, R., and Embrechts, P. 2015. Quantitative risk management: Concepts, techniques and tools. Princeton university press.

Pritchard, C. L., and PMP, P. R. 2014. Risk management: concepts and guidance. CRC Press.

Wu, D. D., Chen, S. H., and Olson, D. L. 2014. Business intelligence in risk management: Some recent progresses. Information Sciences, 256, 1-7.

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