Revised Documents
Work Breakdown Structure of Wedding
The project of wedding include three main activities like invitations, food and bridal. The factors of invitations will include the activities, such as creating of guest list, printing of invitations, mailing of invitations, and waiting for RSVPs. On the other hand, food include the activities like finding of caterer, finalization of menu and catering the wedding. In addition, bridal activities include shopping of bridal’s dress and shoes, choosing the banquet, and tailoring and fitting. Work breakdown structure of the wedding provides an overview of the activities of the project that are needed to be done by project team.
Gantt chart
The Gantt chart identifies the schedule of each activity of the wedding project as the project is needed to be done within 4 months. Hence, each activity is scheduled in a way that the project can be completed on the specified time. The starting date of the project will be 1 June 2016 and the completion date will be 30 September 2016.
Budget
The total budget of the wedding project is $15,000. The set budget was distributed among the activities in a cost efficient manner to avoid the risk of over budgeting. The table of budget provides an overview of the cost of activities like banquet ($3,000), food ($4,000), décor ($1,200), wedding planner fee ($3,500), invitations ($400), dress and shoes ($1,000), and labor cost ($1,900).
Risk Management Plan
The risk management plan indicates that the biggest risk is the unexpected guests that needs to be mitigate. In addition, other risks include unexpected storm, power failure, fire incident and unexpected expenses. The risk of unexpected guests will be mitigates by arrangement of extra food and chairs.
Change in Resources
The changes in the human resources are made as due to risk of unexpected guests, it is important to employ more labor to cater all guests in an effective manner. Hence, two more team members have been added to cater wedding.
Explanation of Changes
In relation to risk management, risk of unexpected expenses is included to avoid the risk of over budgeting. In addition, two more members have been added due to risk of unexpected guests.
Review
The initial expected outcomes were to complete the wedding in an effective manner by keeping consideration the factor of quality and to keep the budget as low as possible. In addition, the expected outcome was to complete the wedding preparations on time. Now, risk management plan has been revised as the risk of unexpected guests and unexpected expenses have been included to avoid the discrepancies. In addition, risk mitigation strategies are identified to cope with the discrepancies. Hence, the expected outcomes in comparison to initial outcomes will also be modified. The expected outcome will be to overcome the risks by taking precautions to complete the project on time. Moreover, the project (wedding) will be managed in a way that the risks can be avoided to be within budget. By keeping into consideration the risk of unexpected guests, two more project team members are employed to avoid the risk and to manage the wedding in an effective way. The expected outcome is to cater all guests in case of increase in number of guests within set budget and time through quality arrangement. In addition, the expected outcome is to cover the cost of increase in human resource within set budget. Overall, the expected outcomes of the wedding project include:
Quality arrangements, quality food, quality services and quality dress and shoes.
On time delivery of accessories, food, and overall wedding.
Completion of wedding within set budget.
Avoidance of risks by focusing on contingency planning.
Use the resources in an efficient manner to increase the level of service quality.
Overall, the expected outcomes in comparison to initial outcomes are to focus on quality, cost and timely delivery of wedding with low level of risks and optimum use of physical and human resources. In turn, the project’s successful completion will be ensured through focus on contingency planning and risk mitigation strategies.
Failed Project
Brisbane’s Airport Link is one of the project failures in Australia and the biggest project disaster in the Australian history. There were different reasons of project failure like ineffective cost management. Costs were not calculated in an effective manner as the method used for financial modeling led to inflated traffic forecasts. The modelling was not linked to real situation. In addition, modeling was all about securing of the investors. Moreover, the product disclosure statement was wrong. In turn, the stakeholders faced huge losses such as builders lost a billion, investors lost $1.2 billion, and bankers lost about $1 to $2 billion. It indicates the poor scope statement, poor risk management, poor time management, poor quality management, and poor human resource management. The project was not only overly priced but also involved inefficient use of financial, physical and human resources. Due to ineffective cost management, the project was not completed on time and quality was affected. Furthermore, the poor communication management is the cause of project failure (News.Com). The example of poor risk management can be ascertained by the fact that the tunnel and land is not stabilized due to poor risk management. In turn, the claims have been made in relation to damages to properties due to land subsidence and vibrations. It also provides an insight about the poor contractor management by the administration of the project. It is due to the fact the contractors are responsible for the stabilizing the land and quality materials to avoid the risks like noise (Wiggins). Overall, all the factors related to project management (e.g. risk management, time management, quality management, process management, cost management, etc.) were poorly managed and implemented that in turn led to disastrous situation. The lesson learned by the identified project failure is that it is important to focus on the time, cost and quality because they are interrelated to each other. Moreover, failure to estimate costs, inadequate project formulation and scope management, and poor planning lead to project failure. In addition, poor communication is one of the key sources of project failure. The main reason is that if all details of the project and vision will not be communicated to each member of the team, they will not be able to perform as required. Furthermore, effective communication enables the project manager to keep track of project and guarantees successful completion. It is also learned that project needs to be cost efficient, quality focused and properly scheduled to increase the chances of success. It also ensures the other factors’ effective implementation like communication plan, human resource plan, and risk management plan and contributes to successful completion of the project (Yee and Ho 175).
Work Cited
News.Com. Airport Link failure a total disaster: ASA. 20 Feb. 2013. Web. 11 June. 2016. < http://www.news.com.au/national/breaking-news/airport-link-failure-a-total-disaster-asa/story-e6frfku9-1226581624419>
Wiggins, Jenny. Compensation demanded for Brisbane Airport Link tunnel defects. The Sydney Morning Herald. 24 Jun. 2015. Web. 11 Jun. 2016. < http://www.smh.com.au/business/aviation/compensation-demanded-for-brisbane-airport-link-tunnel-defects-20150622-ghulfb.html>
Yee, John T., and Seog-Chan Oh. Technology integration to business: Focusing on RFID, interoperability, and sustainability for manufacturing, logistics, and supply chain management. Springer Science & Business Media, 2012.
