Project Management Resources Paper Essay Example | Topics and Well Written Essays - 1000 words

Project Management Resources Paper - Essay Example nd team would have the functional expertise in mapping out the requirements as well as translating the same into usable specifications for the first team. Further the expertise of this team is to be utilized for testing as well as they understand the scope and the functional aspects of the same. The schedule of the project would be for a period of two months. The first couple of weeks would be for the requirements from the various stakeholders and the next month would be spent in actual design and coding. The last couple of weeks would be spent in testing and implementing the tool. In case the schedule is crashed, the requirements phase can be merged with the design phase with parallel activities. This would involve moving beyond the normal â€Å"waterfall† model of SDLC and instead having an agile methodology. Resource risk: divided into two components in terms of knowledge acquisition and attrition risk. The first component is mitigated by training and knowledge sharing and the second component is mitigated by documenting the processes and knowledge management Variance: Any variance in the budget due to time, cost or quality constraints (the â€Å"triple constraint†) should be dealt by all the stakeholders. This is to be done by regular status reporting and identification of potential issues to be resolved by the various stakeholders This paper has attempted to portray some aspects of the project management processes taking an example of an automation tool for a maintenance project in a software company. While this is by no means comprehensive, it does address some of the questions listed in the