Assessment 6.docx - Executive Summary Evaluation and Plan...

Executive Summary, Evaluation, and Plan 1
Executive Summary, Evaluation, and Plan
Capella University

Executive Summary, Evaluation, and Plan 2
Table of Contents
Executive Summary 3
Project Charter 6
Project Scope Statement 10
Cost Estimate 18
Risk Matrix 22
Project Evaluation 40
Reference List 42

Executive Summary, Evaluation, and Plan 3
Executive Summary
Charles Davis has written an article. The name of this article is “An Experimental Case
Study in IT Project Management Planning: The Petroleum Engineering Economics Evaluation
Software Imperative”. This article by Mr. Davis focuses on the pointing out the concerns and
problems with the planning of project management. This article has pointed out issues with the
development of the plans for projects, and the problems and concerns of the project plan, along
with the scheduling and employees. Project planning is a large topic associated with problems
and concerns, identifying solutions to these problems or resolving these concerns, and
recognizing the risk and consequences involved within the project plan.
The scope and length of the project was of concern. How big or large a project is,
especially in the software industry can often be considered too risky and more than often leads to
failure. This causes for great concern to emerge as the company proceeds with such plans and if
the company were to face failure, it would bring about a lot of negativity. The negativity would
be brought mainly from the overwhelmed and upset stakeholders. They are the ones whom
invested so much into a company with potential of so much success and the project has led to
failure.
Another concern addressed within the article is the credibility of the person handling the
project. The company that is handling the project, if it were to face failure, the company would
lose their credibility. They would be known as unreliable and untrustworthy. Their entire
company would be on the decline from here on out. Mr. Davis used Hopkins & Associates Inc.
within his article, the credibility of Hopkins & Associate within the industry would face a large
decline if their project is not considered reliable or doesn’t deliver as stated (Davis, 2005).

Executive Summary, Evaluation, and Plan 4
A big concern a company faces is finding a sufficient project manager that can lead such
a project. Not everyone fits into the role of a project manager. The project manager must be able
to have excellent communication skills, as well as engage the stakeholders, motivate their team
to produce optimal work and remove obstacles (Perkins, 2015). The project manager must be
able to communicate and communicating with the team and the company is essential to the
project getting done correctly and efficiently. The communication between stakeholders are
essential, and the project manager must be involved within this communication. Selecting the
right project manager is essential to a project.