Delphi Project

Explain the methodology utilized to create a decision tree and recommend
the appropriate action to take based on your decision tree from criterion

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Utilizing the Delphi technique, your team constructed the following
risks register the VoIP project containing the risk, the likelihood of
its occurrence on a scale of 1 (least likely) to 5 (most likely), and
the potential negative impact on the project on the same scale. In
addition, they recommended the appropriate response and identified its
type for one of the risks identified.

Project Delayed due to lack of resources

Project runs out of funds before completion

Users reject new system

Defective Hardware

New government regulations introduced during deployment increase the
cost of running VoIP

Yearly renewal fee issued on the legacy system due to delay of over 30
days in deployment of the new system

Mitigation
Schedule check 30 days before project deadline to determine if action
needs to be taken to avoid delay. Decision tree will be utilized.
Write a three to five (3-5) page paper in which you:

Explain the methodology utilized to create a decision tree and recommend
the appropriate action to take based on your decision tree from criterion

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Explain risk management and its associated activities and defend the
need for a risk management plan.
Describe the Delphi technique used to identify risks and infer on types
of projects where this technique is most accurate.
Examine the four (4) types of risk response (i.e., avoidance,
acceptance, transference, and mitigation) and determine the appropriate
situation where each should be used.
Complete the table with the risk response type (i.e., avoidance,
acceptance, transference, and mitigation) and a description of the response.
Create a decision tree with the software of your choice to address risk
number 6. Assume that when you check the schedule on day 60 of the
project, it becomes evident that two (2) additional engineers are needed
to ensure on-time completion of the project. The engineers cost $25,000
each and a fee of $120,000 is issued by the legacy provider. The
probability of completing the project on time is as follows: With the
current personnel – 60%; With one (1) engineer – 80%; With both
engineers – 98%.
Explain the methodology utilized to create a decision tree and recommend
the appropriate action to take based on your decision tree from criterion 5.
Use at least two (2) quality resources in this assignment. Note:
Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with
one-inch margins on all sides; citations and references must follow APA
or school-specific format. Check with your professor for any additional
instructions.

Explain the methodology utilized to create a decision tree and recommend
the appropriate action to take based on your decision tree from criterion

Order Custom Paper Now

Include a cover page containing the title of the assignment, the
student’s name, the professor’s name, the course title, and the date.
The cover page and the reference page are not included in the required
assignment page length.
Include the decision tree created in your chosen software. The completed
decision tree must be imported into the Word document before the paper
is submitted.
The specific course learning outcomes associated with this assignment are:

Examine the human resource factors that can impact project management.
Summarize how the PMBOK® process groups and knowledge areas are involved
throughout the project life cycle.
Compare and contrast the sources and mitigating factors of project risk.
Use project management and graphic software to plan and manage a project
throughout the project life cycle.
Use technology and information resources to research issues in IT
project management.
Write clearly and concisely about issues in IT project management using
proper writing mechanics and technical style conventions

Explain the methodology utilized to create a decision tree and recommend
the appropriate action to take based on your decision tree from criterion

Order Custom Paper Now

By admin in Essays on February 4, 2017