MG4205 Project Management : Conducting a Comparative Analysis

MG4205 Project Management : Conducting a Comparative Analysis

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MG4205 Project Management

Task:

Write an academic report in the required format, conducting a comparative analysis between two case studies. First, the “Scottish Parliament Building” which is widely regarded as a failed project. With an initial estimated cost of £10-40 million, it cost the taxpayer around £414 million upon completion. Additionally, the “2012 London Olympic Games” is widely regarded as a complete success.  For instance, its initial budget was £8.77 billion but concluded with a final costing of £6.7 billion.

Useful Resources

Scottish Parliament Building (Failed Project)

https://tinyurl.com/mg4205-fail

2012 London Olympic Games (Successful Project)

https://tinyurl.com/mg4205-success 

Your Tasks

  1. Carry out a stakeholder analysis for the two projects and create a Stakeholder Analysis chart.  Ensure you have at least 10 of the main parties who have an interest in each project. Examples may be individuals, organisations, groups, etc.
  2. Carry out a risk analysis for one of the two projects then create a risk register with at least 10 risk events.  Include the estimated probability, severity, and impact before and after the planned response.
  3. Critically evaluate how a Project Manager might utilise these two techniques on projects in general to manage the project more efficiently and effectively so that it is more likely to be delivered within their cost, time, and quality objectives.

Assessment Criteria

  1. Ability to utilise key theoretical principles associated with stakeholder analysis and project risk evaluation (30%)
  2. Application of theory to practice by utilising key theories in a specific scenario (30%)
  3. Critical evaluation of the use of the theories in order to improve efficiency in project management (40%)

Threshold criteria:  All arguments must be presented and articulated clearly and concisely within the word count.  They must also be fully supported using normal standards in accordance with Harvard referencing.

MG4205 Project Management

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