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home / study / engineering / computer science / questions and answers / assume that you are the information technology ... Question Assume that you are the Information Technology (IT) project manager for a Global Cosmetic product and distribution company with over 100 retail stores, three manufacturing plants, and 10 distribution centers throughout North America, Europe, and Asia. The company planned to replace the existing core financial, time and labor systems with Commercial off the shelf (COTS) product from Oracle. You are asked to lead a team of 50 professionals involved in the design, development, test, documentation, training, pilot, security, database administration, and other related disciplines. You are given $10M in budget to implement the project with 24 months ( time to complete). Using the above information provide response for the following questions:

3. Create a high level project schedule using excel

4. Identify at least 10 risks for your project

5. Provide your assessment of the project.

Explanation / Answer

Question:4 At least 10 risks for your project are given below:

The various risks to the project can be:

1. Inaccurate estimation is on the most important risk.
2. Development activities are missing from project scope.
3. Forecast of the cost to project is inaccurate.
4. Conflict between various stackholders of the project
5. Lack of the change management in the project
6. Risk related to the resources of the project
7. Risk related to wrong decision making
8. Risk related to technology used in the project
9. Risk regarding project flexibility
10. Risk related to project adoptablility to the change.

Question 5:

The assesment of the project included following steps:

1. First step to clearly mention the goal and what we want to achieve from this project.

2. Second step is to create various strategies to calculate and measure the progress of project

3. Third step is to gather the information as well as data required in the project

4. Its inclued the analyzing your gathered information and data and then present your result on it.

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