We have a finance and business consulting firm and need to answer this portion o

Question

We have a finance and business consulting firm and need to answer this portion of the business plan to incorporate. give me options and references where you find your information and I will try to expand off what you find.

Question:  How can the leadership in your organization impact and influence others and deliver the results you expect? What kind of leadership and how can we exceed the expectations and crush the competition with this leadership and influence to remain ethical and successful!!!!

Thank you in advance.

Explanation / Answer

The required criteria for critical path is:

a.) the completeness of the activities planned during the plannnig phase.

b.) availability of resources to go to the next phase

c.) and the robust nature of the plans in order to go for the next phase.

2. PERT and Gantt charts are the two tools that cn be used for monitoring and controling the tasks in the plan

PERT chart: this defines and controls the main tasks that are necessary such as identifying the specific activities and their milestones,determinig a proper sequence for the activities invloved, constructing a network diagram, estimating the time taken by each activity.

Gantt charts are used to show the time taken by the project,i.e the calendar time such as providing the time in number of months ,days or weeks. And it is very much used during tracking process. It makes a list of all the activities includd in the plan,provides a graphical reperesentation of the data,organises the activities in a sequnece and then finally gives a presentation of the whole analysis.

3. Characteristics of the software used for managing the project:

a.) Scheduling is one of the main characteristics to watch out for in a ssoftware during planning phase of a project.This is also used in Gantt charts and in addition to this,activity dependancies are added to scheduling.

b.) Issue tracking helps in tracking and monitoring the issues that in the software in the form of defects.

c.) Collaboration allows stakeholders of the project to access and updatethe documents related to project whenever they feel the need to.

d.) Resource Management shows the utilization of each resource during the entire prohect.

4. a.) Project scope-It deald with getting the information required to start a project and the features the final product will have which will meet the specified requirements.

b.) Stakeholders: It is a group or an organization that is involved with the project who may or may not get affected depending on the final outcome.

c.) Budget: It is the funds involved in the project or the amount being used for the completion of a project with success. Every organization plans,after a meticulous planning and calculation,keep the aside the amount necessary for the development of the project.And some money has to be kept for backup in case some loss or a problem occurs.

d.) Categories of Risk: The different types of risks involved are-

- technology risk:Delays that occr due to defects in software and hardware or failure of proect in halfway and platform related risks.

- resource risk: outsourcing and personnel risks,managing the large number of employees ,skill risk and etc.

- scope risk: integration issues,dependancy issues,arising complexities.

- scheduling risk: error in estimation,vendor delays,natural errors,errors that occur in testing and etc.

e.) Risk Mitigation Techniques:

1. characterising the root cause of risks tha thave been come across earliera and solving them.

2. evaluation of common causes of risks and interactions.

3. coming up with alternative methods and strategies regarding the risk.

4. assessing the chosen alternatives and their implementation.

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