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Project Success and Failures

An assignment analyzing factors leading to project success or failure.

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    Running Head: Project Success and Failures 1 Project Success and Failures Name Course Name Institutional Affiliation Date Discuss the comprehensive approach to risk management and human resource planning employed in the Weapon X project. How do the identified risk mitigation strategies and project staffing estimates contribute to the successful recruitment and operation of specialized personnel for the project? Additionally, explain the role of the communication plan and escalation process in ensuring the timely resolution of issues throughout the project lifecycle. Your answer should include detailed explanations of the risk management process, human resource planning, and communication strategies, supported by relevant examples from the project. Word Count Requirement: 1500 - 2000 words.

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    Project Success and Failures 2 Introduction The US Army has developed new defense equipment named Weapon X which will be installed in bases in Afghanistan and Iraq. The army requires a group of trained personnel to operate this new equipment. Hiring a civilian contractor to operate and maintain the equipment in combat zones provides continuity to the army operation s and relieves military units from having to provide additional personnel in their deployment teams . At the same time hiring a civilian contractor to provide the necessary group of trained personnel will result in significant cost savings for the U.S. government than training military personnel and loosing continuity in the program. In this respect JBM has been awarded the project of developing a hiring process to recruit the experienced personnel required to operate the Weapon X system in Iraq and Afghanistan. Project Objective The project objective is to develop a hiring process to recruit a specialized group of trained personnel necessary to operate Weapon X in Iraq and Afghanistan on a continuous basis to maintain continuity in the program within a period of 3 months starting from 01/07/2014 and ending on 30/09/2014 at a cost not exceeding $200,000. Risk Management Strategy Risk management is defined as the process of identifying, analyzing and assessing the different sources of risks an organization is exposed to . The primary objectives of risk management are to avoid, control, minimize or completely eliminate the different sources of risk identified by the organization. Typically positive risks or opportunities for the organization and

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    Project Success and Failures 3 risks with low impact potential are accepted by an organization while other risk categories are mitigated through appropriate risk management techniques like risk avoidance, risk transfer and risk sharing. A risk management strategy provides a structured and coherent approach to identifying, assessing and managing risk. It builds in a process for regularly updating and reviewing the assessment based on new developments or actions taken. Risk Management Process A risk management team would be formed comprising the Project Manager, Project Subject Matter Expert and key personnel from the different functions of US Army to conduct the risk assessment process and develop a set of recommendations with respect to the appropriate risk management techniques to be adopted. In the Weapon X project a systematic risk management procedure has been implemented compromis ing the following steps: 1. Risk identification 2. Analysis of probability and consequences 3. Risk Management Action Plan 4. Documentation, Control and Mitigation Risk identification Identification of risk is the first step in risk management in any project. There are different types of risk that can occur in any project, and are categorized in broad definition terms

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