MBA Capstone: Project management plan and analysis

The task is a 2500 word written Project Management Plan report. The project management plan should include an analysis of the Work Breakdown Structure (WBS), project schedule and duration, and risk response plan.Selecting two topic areas, identify and reflect on potential causes of success/failures for the project. Then, applying relevant project management principles and frameworks, provide recommendations and guidelines for successful implementation in relation to the two topic areas.Referencing is Australian Harvard (AGPS) and outlined in the AIB Style Guide.Learning outcomes1. Demonstrate advanced understanding of project management principles, frameworks and contemporary topics.2. Critically analyse, reflect on, and synthesise complex information, problems, principles and frameworks related to project management.3. Research and apply relevant principles and frameworks to develop innovative, ethical, and evidence-based solutions for complex project management issues.4. Clearly, concisely and credibly communicate project management knowledge to specialist and non-specialist audiences to inform practice.TaskPlanning is a critical phase in the project management process as it is the key to successful project management. The purpose of this assessment is to provide you with the opportunity to develop a project management plan for the project that you defined in your first assessment, and to provide recommendations and guidelines for successful implementation of the project.ProceduresThe body of your report must include the following components:To establish the context for this assessment, include a brief summary (maximum one or two pages) of the project title, project’s objectives, deliverables, priorities and success criteria that you defined in your first assessment. This section will NOT be included in the word count.The project management plan and analysis:Develop a Work Breakdown Structure (WBS) and discuss your preferred approach to creating an effective WBS. Discussed in week 2.Develop a Project schedule and discuss the potential strategies for reducing the projects duration. Discussed in week 3 and week 4.Identify and evaluate the major risks involved in the project and develop a risk response plan. Discussed in week 5.Recommendations and guidelines for the successful implementation of the project plan.Choose any two of the following topic areas:Managing project teamsProject progress and performance evaluationProject closureBenefits realisationProject governanceEthics in project managementReflect on the project plan that you have developed, and identify the potential causes of success/failures in relation to any of the two topic areas you selected.Provide recommendations and guidelines for reinforcing/avoiding the causes of the projects success/failure in relation to the two topic areas you selected.Note: Using Project Management Software is NOT a mandatory requirement for developing the projects schedule.