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It is approximated to consume $2,000 and to require two weeks for completion.
- the development and implementation stage would require minimum resource consumption as it is constructed on the resources previously invested.
- Finally, the control and evaluation stage would require an estimated week and would consume an approximate $1,000. The main risk at this stage is that of not observing the mistakes or not learning from them.
A Work Breakdown structure would be presented as follows:
The risk mitigation strategy is constructed based on the previously identified risks, in a means that the following recommendations address the risks:
1. It is necessary that the team organizing and managing the event be formed from professional planners who are skilled, experienced and objective and who will as such clearly identify the project needs, as well as assign the tasks, distribute responsibility and efficiently manage the resources.
2. It is of the utmost importance to recognize the uniqueness of the event and to treat it as such. In other words, it is useful to hire people with previous experience in football matches and charity events who can introduce elements of appeal to the participants, but who are also able to comprehend the necessities and offer adequate answers.
3. In order to ensure that each stage...
It is important to efficiently identify and allocate the resources based on each particular need. The allocation of the resources has to be sufficient, but not wasteful; in other words, it has to be efficient.
5. Finally, in order to ensure that the entire project is uniform and presented as an integrated and fully functional element, it is of the utmost importance to organize all phases, tasks and responsibilities into a single process. Otherwise put, it is necessary to construct an environment in which the team members are trustworthy and function as a whole in order to attain a common goal.
References:
Gray, C.F., Larson, E.W., 2002, Project Management: The Managerial Process, 2nd Edition, McGraw-Hill / Irwin, ISBN 0072833483
Estimating Project Times and Costs, San Jose State University, http://www.cob.sjsu.edu/bentley_d/Fall%2007/Bus%20286%20Lecture%20Material/Ch%2005%20Estimating%20Time%20&%20Costs.ppt last accessed on May 12, 2010
Project Life Cycle -- Project Cycle Management, Visitask, http://www.visitask.com/project-life-cycle.asp last accessed on May 12, 2010
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