Team Building And Ignoring Risk

Address one of the following questions:

Question 1:

Project Teams: Team building is an important aspect  of managing a project team. Propose the right time to begin the  team-building process. Justify what you believe to be the best approach  for building a project team. Analyze some of the challenges that project  teams face along with strategies to overcome those challenges.

Question 2:

Ignoring Project Risk: Scenario: A  new executive education course was proposed and approved by the once  dynamic, but now visibly ailing, Vice President (VP) for human  resources. Consultants were employed to gathered requirements across all  company units. The course idea was widely applauded as a necessary step  for executive development in the fast-paced enterprise. A course  outline had been completed and approved when the sick VP for human  resources had suddenly retired. After a few weeks, a new VP for human  resources was hired. The new VP was unconvinced that the course was  necessary. Her charge was to cut costs and streamline the human  resources department to fit the new image of the company.

Result: The course was watered down from a week of  dynamic, intensive training to a few insignificant handouts and, after a  budget cut, was discontinued before implementation.

Discuss:

• Evaluate the scenario. Was this result foreseeable? Why or Why not?  Explain what you think could have been done to enhance the risk  readiness for this project.
• Choose some techniques that the team could have used in this  situation to identify both internal and external risks to project  success. Justify your choices. Describe the techniques for evaluating  the likelihood of each risk and its impact on the project if it occurs.
• Evaluate which elements should be part of a written plan to deal  with high potential risks and elements that might have major  consequences for a project.

Question 3:

Communicate for Project Success: Scenario:  A major enterprise-level business process development project was  initiated. Early in the project, it was clear that each constituent  business unit had different needs. An active executive sponsor pushed  for a steering committee representation from all business units. The  team began by gathering requirements across business units. All levels  of the organization were representedexecutives, middle managers, and  frontline workers. Requirements were translated into specifications and  communicated to the business units. Prior to steering committee  meetings, decision makers received detailed information on the project’s  status and progress in meeting requirements.

Result: The team developed a broad approach toward  developing a new process with an enterprise-level core that allowed  customization among the business units. The project achieved the desired  results and received customer acceptance at the business unit level.  The executive sponsor (also the primary customer at the enterprise  level) was applauded for his business acumen, while the direct project  sponsor continued on her path for promotion from the assistant VP to  being the VP of the organization.

Discuss:

• Analyze the critical factors in the success of this project.
• For a project like the one described above, propose the key components of a project communication plan.

Question 4:

Project Procurement Risk: Analyze the different  types of procurement contracts. Include an evaluation of the risk level  associated with each type of contract. Propose the procurement  management process. Justify your answers with examples and reasoning. 

 Your posting should be the equivalent of 1 to 2 pages (5001000 words) in length. no plagiarism, 100% original.