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Analyse and critically evaluate project roles, principles, themes and processes using an appropriate industry standard methodology

BM522 Project Management

The title of the report is  ‘Bucks Students’ Union Music Festival case study’


Task 1

1)    Compare and critically analyse any THREE project management methodologies/bodies of knowledge. Your analysis should consider the advantages and disadvantages of using these project management methodologies/bodies of knowledge in contemporary global projects.

Task 2

2)    Develop a network diagram manually, AS TAUGHT (activities on arrows) clearly showing the relationship between all the activities listed above, the dependencies, the likely duration for each activity, the likely completion date (expected total project time).  Calculate the earliest starting time, the latest starting time (EST,LST) and the earliest finishing time and latest finishing time (EFT, LFT) for each activity including an outline description of the critical path, highlighting the critical activities and the shortest possible time in days in which the project can be completed as scoped above (give reasons for your choice). [40 marks]

Task 3

3)    Undertake a stakeholder analysis for this project. This should clearly identify internal and external stakeholder, group stakeholders according to their interest and power i.e. stakeholder management matrix, communication strategies, Using the activity list above, develop a clearly numbered Work Breakdown Structure (WBS) for this music festival [20 marks]

Task 4

You are required to prepare a Risk Analysis for FIVE different risks that could affect your project. Analyse the risks involved and develop strategies for dealing with them. Present your Risk Analysis and Risk Management strategies/mitigations in the form of a table, AS TAUGHT, accompanied by a commentary of not more than 500 words.  [10 marks]

LO 1

Analyse and critically evaluate project roles, principles, themes and processes using an appropriate industry standard methodology

LO 2

Plan project activities using networks and an appropriate project management software;

LO 3

Evaluate and explain the major factors and performance requirements of project management;

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