Project Management Terms and Concepts
research a project of your choice and identify
some of the terms and concepts in that project.
Instructions:
• Research an article or a report describing a project that interests you.
• Provide an overview of the project.
• Explain various components of the project, including:
• What qualifies your chosen project as a “project”
• Project objective(s)
• Project manager’s role
• Project sponsor’s role
• Project team member’s role
• Project scope
• Project risk/uncertainty
• Project outcome(s)
• Lessons learned
This project qualifies as a “project” due to its defined objectives, timeframe and budget; as well as having a clear start and finish point. The objective of the project is to improve access to public services, financial inclusion, and job opportunities for citizens; while ensuring data privacy and security within the Indian environment.
The role of the Project Manager (PM) would be determining how best to use resources such as time and budget in order complete objectives outlined in the scope of work. They will also be responsible for monitoring progress against milestones set out during planning stages whilst managing any risks that arise throughout implementation process .
The Project Sponsor plays an integral part supporting PM throughout life cycle particularly terms providing additional funding negotiating contracts facilitating communications between stakeholders.
Project Team Members roles include creating detailed plans working collaboratively other personnel execute tasks required deliver deliverables under timeline mentioned stated contract agreement.
Scope encompasses all activities necessary implement proposed solution consists four main components which respectively focus building infrastructure enabling transactions incorporating analytics enhancing security mentioned above.
Risks/uncertainty associated various elements including cost overruns delays meeting deadlines issues understanding privacy regulations utilising AI systems although these can minimised through performing comprehensive risk analysis implementing countermeasures accordingly .
Outcomes expected from Digital India initiative range from better connectivity across regions improved data protection greater efficiency public service delivery bolster economy growth rate due positive ripple effects ensuing investments made technology sector noted by Hansen & Shaurya 2018 .
.Lastly lessons learned highlight importance careful planning risk management strong collaboration between government private entities realising effective execution tech based initiatives order achieve desired outcomes especially given complexity dynamic nature projects listed type cited World Bank 2020.