BUDGET PLANNING AND PROJECT RISK MANAGEMENT

Read the Mini-Case Study: Closing Projects at Global Green Books Publishing and prepare a PPT or infographics summary answering the questions below.

PMI Teach. (2017). Mini-Case Study: Closing Projects at Global Green Books Publishing. Retrieved from https://pmiteach.org/teaching-pm/mini-case-study/

Comment on the following aspects of the case study.

What are some of the reasons why it is important to close out a project? What can project managers accomplish in closing out a project?
Why should projects capture lessons learned? What are some ways that the project team members, project managers and the organization can use lessons learned?
What benefits come from celebrating project accomplishments? Do you believe that rewards and recognition can serve as motivators for staff?
Explain what a Pareto chart is. Why would you use this technique to identify and prioritize problem areas? Are there some limitations on interpreting the results of a Pareto analysis?
If you were the Project Manager looking at this Pareto analysis, what recommendations might you make to address the three key problem areas in eBook projects that this analysis identified?
SLP Assignment Expectations
Choose one of the following options for your summary:

PowerPoint Presentation (10-12 slides) with notes
Infographic (save as PDF) using any MS Office product or products from free sites. Multiple pages may be required to fulfill the assignment requirements.
You will be particularly assessed on:

Your incorporation of concepts from the module.
Your critical thinking and analysis.
Your application of professional project management terminology.
Your use of references in proper APA format to support your work

https://tlc.trident.edu/content/enforced/143671-ITM453-2020MAR09FT-1/Closing%20Projects%20at%20Global%20Green%20Books.pdf?_&d2lSessionVal=bKNCN3FsdTcNDUJUfMpxztrZD&ou=143671

https://www.pmi.org/learning/academic-research

Background Information

Chapters 17-23 in:
Project Management Open Sources and TAP-a-PM. (2012). Project management skills for all careers. Creative Commons Attribution Unported 3.0 CC BY 2011

PM. (2016). Real world project management fundamentals. [YouTube video]. Retrieved from https://www.youtube.com/watch?v=CzIDcOIT2Mg

PM. (2017). Positive vs. Negative Risks on Projects. [YouTube video]. Retrieved from https://www.youtube.com/watch?v=pRUF2Uwu62U

PM. (2013). Project Communication Plan: Key To Effective Communication In Projects. [YouTube video]. Retrieved from https://www.youtube.com/watch?v=KHEh8_r4LcI

PM. (2013). Improving Your Project Management Communication. [YouTube video]. Retrieved from https://www.youtube.com/watch?v=1RqnvRYfNyQ

PM. (2017). How to Create a Project Budget – Project Management Training. [YouTube video]. Retrieved from https://www.youtube.com/watch?v=LwnLNMTOQFk

PM. (2013). What To Do When Your Project Is Over Budget. [YouTube video]. Retrieved from https://www.youtube.com/watch?v=xYR7dkQPHKY

Learning About Quality. (2017). Learning Pareto chart. Retrieved from http://asq.org/learn-about-quality/cause-analysis-tools/overview/pareto.html

Jutte, B. (2016). 10 golden rules of project risk management. In Projectsmart. Retrieved from http://www.projectsmart.co.uk/10-golden-rules-of-project-risk-management.html

Tapping, J. (2012). Project risk management handbook: A scalable approach. In California Department of Transportation. Retrieved from http://www.dot.ca.gov/hq/projmgmt/documents/prmhb/PRM_Handbook.pdf

PMI Teach. (2017). Mini-Case Study: The Back to School Crunch at Global Green Books Publishing and answer the project questions on concept and strategy. Retrieved from https://pmiteach.org/teaching-pm/mini-case-study/

PMI Teach. (2017). Mini-Case Study: Closing Projects at Global Green Books Publishing. Retrieved from https://pmiteach.org/teaching-pm/mini-case-study/

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