Project Management Questions                                                                                         

1.       Who are the major stakeholders impacted by the lock-in project? Using the stakeholder quadrant given in lecture 2 place each of your major stakeholders into the most appropriate slot on the quadrant and explain your reasoning. For all of your selected stakeholders decide on a set of appropriate actions (2 per stakeholder group) that you can take to maximise the chances of those stakeholder groups actively participating in your project.                                                                                                                                                                                                                                     (18 marks)

2.       List out 5 critical risks associated with this project and recommend what actions that you should take to minimise their impact. These risks should relate to the case study – avoid generic risks that may apply to any project (e.g. software may not work as required).                                                            (10 marks)

3.       You know that the timescale for the project is short by 5 months (it needs to be a 15 month project rather than the 10 months allocated). What actions may you consider to rectify this situation?           (10 marks) 

4.       Before you can start this project one of your tasks is to produce a cost benefit analysis which must include producing figures for payback and return on investment. Robin has estimated that upon completion of the new system that she anticipates increased annual sales of £120,000 per annum.                                                                                                                                               (12 marks)