Project Management

Assessment Task No. 2

1. Discuss briefly the stakeholder management plan.

- A stakeholder management plan is a formal document outlining how
stakeholders will be engaged in the project. A stakeholder is a person or
group who has a vested interest in the project. By thinking through when and
how stakeholders will be involved, a project team can maximize stakeholders’
positive impact on the project. The stakeholder management plan includes
strategies for managing both positive and negative project stakeholders. It
contains a stakeholder register which lists all stakeholders along with their
contact information.

2. Identify the importance of Project Management Metrics.

- Project management metrics can help control costs, improve quality and
identify important industry trends. Project management metrics allow
companies to determine the success of a project and help project managers
evaluate a project's status, foresee risks and assess team productivity and
quality of work. Project management metrics are an effective way to evaluate the
progress of a project. Measuring your project progress against specific factors helps
clarify the management process. 

3. How will you manage distressed projects?

- Despite the best efforts of the project team, some projects are doomed to fail.
Sometimes it's the fault of the team, and sometimes it's just the luck of the
draw. What matters is that the project is protected against the unexpected
and that early warning signs are in place to minimize the impact of any
problems that may arise. It is also critical to have a solid risk management
plan in place. These are the preventative measures. But the unavoidable still
occurs, and sometimes you are left with a project that is in jeopardy and must
be saved as best you can. These are the intervention strategies.