Managing Multiple Projects Finance Assingment Help With Solution
Since this is a course in managing multiple projects you must assume that you are
managing at least three projects. These projects can be related or may simply be three
projects that are being managed by the same project manager.
x For each project you must write a brief description of the project including why
the project is important and what it will accomplish. This is a high‐level scope
statement for EACH of the three projects.
x For each project identify the three most significant risks and your responses to
x For all three of your projects identify the risks which are portfolio risks, or risks
that relate to each project or to the execution of all of those projects together as
a portfolio. Provide your responses to those risks.
x For each project identify the most important constraint – is it cost, time, scope, or
x For all three of your projects as a portfolio, rank the projects in order of their
importance and briefly discuss the reasoning behind the ranking for each project.
x For your second and third priority projects decide what each would sacrifice in
order to support the completion of the higher priority project. For example,
would you take budget from priority #2 to support priority #1? Would you cancel
priority#3 so that #1 and #2 can complete? Would you move resources from a
lower priority project in order to complete a higher priority project?
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Identify at least three stakeholders for each project. You must reference all three of the
projects you have selected.
For each stakeholder document:
x Are they a primary or secondary stakeholder?
x What do they give to the project (money, expertise, decision‐making…)?
x What do they expect the project to deliver?
x Are they an influencer, a decision maker, or completely neutral?
x What is their contact information?
x How do they prefer to be contacted?
x What information will you send them?
x When will you send it?
Now take a look at your stakeholders. For any stakeholder who is on more than one of
your projects, add them to a master stakeholder analysis which shows their activity across
x Create something that will assist you in identifying stakeholders across your
projects. For example, you might create a matrix which shows stakeholder name
and then each project and their role on each of those projects. It may also be
helpful for you to include the priority of each of those projects, and if that
stakeholder has a different priority note that too. For example, a project could be
number four per the project selection committee, but if it was my project and I am
the sponsor, I might consider it to be priority one!
You need a master communication plan. Something that will help you keep track of what
messages or information is being distributed for each of your projects and when. You
don’t want to keep having to look at each individual plan; you want a plan that integrates
the information across all of your projects. This allows you to prioritize your messages as
x Make sure you have at least 3 communications which need to be distributed for
each of your projects (so with three projects that is a total of 9)
x Determine your planned release date for each message.
x Prioritize these messages so that if you have to make a choice between them, you
know you are distributing the most important messages first
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