Planning Measures, Budget, Project Risk For the Wembley Stadium Project

Overview: The purpose of Milestone Two is to help you prepare for the final project by allowing you to review specific elements of your chosen project. You will describe, assess, and evaluate planning, budget, and risk measures taken in the project, and you will consider areas that were handled well and specific areas where improvements could have been made. You are expected to gather information from both the course and outside resources to assist in preparation for your thorough assessment of all knowledge areas at the end of the course. Once complete, this milestone will become a component of the final project. Prompt: Examine the planning measures that were used in the project, assess the budget of the project, and identify major project risks and corresponding control tactics. Specifically, the following critical elements must be addressed: IV. Planning measures A. Describe how the schedule was executed and managed, including specific planning measures that were utilized during the project. B. Assess any discrepancies in the timeline, and explain how the project manager could have handled or avoided them. V. Budget A. Assess the budget of the project, including a description of efficiencies and inefficiencies in how the budget was managed. B. Explain possible contingency allotments and limitations. C. Recommend any adjustments to the budget that were necessary, providing reasoning. VI. Risks and control tactics A. Evaluate the risk response planning executed based on the major project risks and control tactics, and explain the missed and exploited opportunities in the project. B. Summarize qualitative and quantitative measurements of major project risks.

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