Mastering Project Management: Step-by-Step Guide to Requirements Elicitation, WBS Creation, and Risk Mitigation

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Can you do Step 4 only? This is the group project
Step 4:  Manage a project
Describe the process that your team will use to elicit and decompose the requirements for the project
Develop a Project Overview Statement document for the project
Create a WBS for the project.  Remember your WBS is a deliverable base, so there should be a section of your WBS that outlines our project management deliverables
Using the following information develop a Gantt chart Optimistic EstimatePessimistic EstimateMost Likely EstimateApplication 14 months9 months6 months application 21 month5 months3 months application 35 months10 months7 months application 41 month7 months4 months application 55 months10 months8 months application 62 months9 months5 months application 75 months12 months7 months application 83 months13 months9 months application 94 months11 months8 months
Describe strategies you can use to bring the project timeline to 12 months.
Develop a team agreement
Using your defined prioritization process, prioritize each application.
Using the defined organizational structure, create a pictorial and narrative description of the organizational structure for the project.
Identify at least ten potential stakeholders for your project.
Identify at least five risks to include both threats and opportunities associated with the project.  For each risk, please include the following information:

Description of the risk
Mitigation Strategy

Describe the process your team can use to determine if the projects are making the appropriate revenue.


Step 4 of our project management plan involves managing the project, which includes eliciting and decomposing requirements, creating a project overview statement, developing a WBS, and creating a Gantt chart. We will also need to prioritize applications, create an organizational structure, identify stakeholders and risks, and determine appropriate revenue.

To elicit and decompose requirements, we will use a variety of techniques such as brainstorming, interviewing, and observing users to identify the features and functionalities required for the project. We will then break down these requirements into smaller, more manageable components to create a Work Breakdown Structure (WBS) which will serve as a deliverable base. We will also create a Project Overview Statement document that outlines the project’s scope, objectives, and major deliverables.

Using the information provided, we will develop a Gantt chart that shows the expected duration of each task and the project’s critical path. We will explore various strategies to bring the project timeline to 12 months, such as optimizing the sequencing of tasks, shortening certain tasks, and eliminating unnecessary steps.

To ensure effective communication and collaboration, we will develop a team agreement that outlines team member roles and responsibilities, communication protocols, and decision-making processes.

Using a prioritization process that takes into account the project’s goals, requirements, and constraints, we will prioritize each application based on its importance to the project’s success. We will create an organizational structure that reflects the roles and responsibilities of the project team and ensures that all stakeholders are engaged in the project.

We will identify at least ten potential stakeholders for the project, including end-users, project sponsors, team members, and external partners. We will also identify at least five risks associated with the project, including both threats and opportunities. For each risk, we will categorize it, assess its impact and probability, describe the risk, and develop a mitigation strategy.

To determine if the project is making appropriate revenue, we will set clear revenue goals and track actual revenue against these goals. We will analyze revenue trends and make adjustments as necessary to ensure the project is meeting its revenue targets.

In summary, effective project management requires a comprehensive approach that encompasses eliciting and decomposing requirements, creating a project overview statement and WBS, developing a Gantt chart, prioritizing applications, creating an organizational structure, identifying stakeholders and risks, and determining appropriate revenue. By implementing these strategies, we can ensure that our project is successful and meets its objectives.

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