Project Success and Failures

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Running Head:Project Success and Failures1ProjectSuccess and FailuresNameCourse NameInstitutional AffiliationDateDiscuss the comprehensive approach to risk management and human resource planningemployed in the Weapon X project. How do the identified risk mitigation strategies andprojectstaffing estimates contribute to the successful recruitment and operation of specialized personnelfor the project? Additionally, explain the role of the communication plan and escalation processin ensuring the timely resolution of issues throughout the project lifecycle. Your answer shouldinclude detailed explanations of the risk management process, human resource planning, andcommunication strategies, supported by relevant examples from the project.Word Count Requirement:1500-2000 words.

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Project Success and Failures2IntroductionThe US Army has developed new defense equipment named Weapon X which will beinstalled in bases in Afghanistan and Iraq. The army requires a group of trained personnel tooperate this new equipment.Hiringacivilian contractor to operateand maintainthe equipmentin combat zones provides continuity to thearmyoperationsand relieves military units fromhaving to provide additional personnel in their deployment teams. At the same time hiring acivilian contractor to provide the necessary group of trained personnel will result in significantcost savings for the U.S. governmentthan training military personnel and loosing continuity inthe program.In this respect JBM has been awarded the project of developing a hiring process to recruittheexperienced personnel required to operate the Weapon X system in Iraq and Afghanistan.Project ObjectiveThe project objective is to develop a hiring process to recruit a specialized group oftrained personnel necessary to operate Weapon X in Iraq and Afghanistan on a continuous basisto maintain continuity in the program within a period of 3 months starting from 01/07/2014 andending on 30/09/2014 at a cost not exceeding $200,000.Risk Management StrategyRisk management isdefined as theprocess ofidentifying, analyzing and assessingthedifferent sources ofrisks an organization is exposed to. The primary objectives of riskmanagement are to avoid, control, minimize or completely eliminate the different sources of riskidentified by the organization.Typically positive risks or opportunities for the organization and

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Project Success and Failures3risks with low impact potential are accepted by an organization while other risk categories aremitigated through appropriate risk management techniques like risk avoidance, risk transfer andrisk 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 theassessment based on new developments or actions taken.Risk Management ProcessA risk management team would be formed comprising the Project Manager, ProjectSubject Matter Expert and key personnel from the different functions ofUS Armyto conduct therisk assessment process and develop a set of recommendations with respect to the appropriaterisk management techniques to be adopted.In the Weapon X project asystematic risk management procedurehas been implementedcompromisingthe following steps:1.Risk identification2.Analysis of probability andconsequences3.RiskManagement Action Plan4.Documentation, Control and MitigationRisk identificationIdentification of risk is the first step in risk management in any project. There aredifferent types of risk that can occur in any project, and are categorized in broad definition terms

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