Budget and Risk Management
Project Charter: At the end of week two, you are to create and submit the project charter. This is the first official document to be reviewed and approved by the project sponsor.
The project charter will include the following components:
• Project title
• Purpose
• Description
• Objective
• Success criteria or expected benefits
• Funding
• Major deliverables
• Acceptance criteria
• Milestone schedule
• Key assumptions
• Constraints
• Major risks
• Approval requirements
• Project manager
• Reporting requirements
• Sponsor designee
• Approval signatures required
Start from new paper
Part-2
Scope and Schedule: At the end of week 4, you are to finalize the scope from week two and start building the project schedule. In this week, you are also to work on building the project Work-Breakdown Structure (WBS). Project scope and schedule will include the following components:
- Finalized project scope
- WBS structure
- Develop project schedule
- Identify key milestones and deliverables
- Outline project resources and assign them to tasks accordingly.
- Stakeholder engagement – communication plan
Start from new paper
Part-3
Budget and Risk Management: At the end of this week, you are to finalize the overall project cost and clearly document project risks gathered throughout the project. As part of the risk management plan, you are expected to share a risk response plan. Project cost and risk management plans will include the following components: