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Question: Discuss About The Project And Originally Developed Schedules? Answer: Introduction In all projects that are established and those that take place, a risk assessment plan is established, in which the possible risks that might occur as the project proceeds on is assessed. At the same time, the organization establishes a schedule that will be utilized to determine the tasks that will be carried out and the time when those organizations will be carried out. These two factors play a significantly major role in guiding the project development process. Without this establishment, it becomes extremely difficult for individuals to manage completing a project within the allocated budget and time constraint. Dairy Farming Group Organization is currently facing the challenge of establishing an effective management information system. One of its major aim is to carry out both the schedule review and the risk review of this project. Risk Review The projects risk management plan had established and identified some risks whose occurrence can jeopardize the ability of the project to meet the intended purpose. With the project development process proceeding on, the main problem that exists is the fact that risks constantly change. It is, therefore, appropriate to establish an effective review of the current risks that are in existence and the strategies that are appropriate for addressing those risks. The first risk identified is the risk of lack of resources. At the level that the organization is currently in, there are some resources that it can utilize to develop the project. The main question is, however, the aspect of sufficiency. Some resources may not be sufficient in fully carrying out their intended purpose, an aspect that can be partially appropriate. With this regard, therefore, the strategy of addressing this issue with the organizational management and explaining the required additional resources can help in addres sing this risk occurrence completely (Anderson, 2006). The other risk is that of overrunning the budget. The probability of the occurrence of this risk is significantly low. Despite this reason, however, it is appropriate to ensure that the risks are minimized to the least level possible. An example of an appropriate strategy that can help to address the mitigation of this risk is creating an appropriate budget that is precise to avoid miscalculation of the totals in the budget that the organization intends to use in the project development process. Another risk, whose occurrence is significantly high, is the increase in the estimated time which the project is intended to be complete. This risk is significant because, through it, the project may not manage to meet its time constraint. A strategy that can be utilized to address this issue is increasing the motivation and effectiveness of the employees, and thus they can manage to accomplish the tasks allocated to them in time. The occurrence of any of these risks might cause major problem s with the project development process, and thus it is appropriate to avoid any of the risks from occurring (Khatta, 2008). Table Risk Analysis The following table provides an analysis of the risks provided and the means through which they can be improved significantly. Risk Impact to Dairy Firm organization Probability of occurrence Mitigation Strategy Exceeding of the budget. The organization would be required to spend much more money on the organization 8/10 probability of occurrence Ensuring that all the information needed regarding cost and price of all aspects relating to the project is precisely known. Inability to meet the project constraints The organization would lose too much money, time and other resources. 2/10 probability of occurrence Ensuring that the project has all the necessary requirements to become successful. Implementing effectiveness of operation. Ineffectiveness of developers The organization would lose resources invested in the project development process. 3/10 probability of occurrence Ensuring that training and development strategies are established to train developers before the project development process begins. Reduction of project resources The organization would be required to increase the money invested in the project in order to ensure its successful completion. 5/10 probability of occurrence. Ensuring that all the project requirements are completely established and indicated in the budget before the project commences. Schedule Review The schedule that the organization intends to use contains all its tasks and targets and the means through which those tasks will be carried out. With this regard, therefore, the first major aspect of consideration is the means through which the schedules can be organized in a way that they will fully fit the context that they are intended to. With the many changes that occur during the development process, some of the schedules may change and require further adjustment. Strategies for ensuring that the schedules are effective and appropriate are therefore significantly necessary (Frenkel, Hommel, Rudolf, Dufey, 2005). The first schedule aspect that requires being altered is the time management aspect. The time management aspect determines the ability of the project to complete all the tasks effectively. An improved management plan helps in ensuring that the project is effective about the time it takes (Heldman, Baca, Jansen, 2007). The second schedule issue that requires altering is the duration allocated to different project durations. Reducing the durations that each task needs to be completed can help in saving time for the complex tasks, and at the same time in ensuring that the project completes within the given time limit. Changing this schedule aspect is therefore appropriate. The other aspect of consideration regarding the schedule that should also be changed is the critical path issue. This aspect should be altered to enable the project to have more time in the development. Extreme focus on the critical path of the project helps to establish effectiveness in the different aspects of team management (Kendri, 2004). Table Schedule Review The table below provides an explanation of the schedule aspects of the daily farm group organization and the means through which the organization can improve them in the process of the development. Schedule aspect Impact to the project Impact to the organization Improvement strategy Time management Determines the ability to complete within the given time limit. Defines whether the organization achieves its results of the project in time. Ensuring that the project managers are fully skilled in managing time through training and development Task delegation Enables early completing of tasks and uniform completion of the project. Determines the effectiveness of the project and its ability to meet the allocated time deadline. Ensuring that the project managers and supervisors are fully skilled in teamwork and delegation practices through training and development. Pladevelopment and dation allocation Enables the developers to define the required time and resources efficiently. Enables the organization to attain a proper estimate and thus make an appropriate decision regarding the project. Ensuring that the individuals developing the plans have experience or advice from highly experienced individuals. Recovery strategy in case the remaining time is less Enables the developers to have a backup plan. Can cause the organization to obtain the results and provisions of the project late. Establishing a plan through which an additional workforce can be provided to increase the speed of the development process in order to enhance effectiveness of operation. References Anderson, T. 2006.Perspectives on strategic risk management. Kge, Denmark Herndon, VA: Copenhagen Business School Press. Frenkel, M., Hommel, U., Rudolf, M. Dufey, G. 2005.Risk management : challenge and opportunity. Berlin New York: Springer. Heldman, K., Baca, C. Jansen, P. 2007.PMP : project management professional study guide. Hoboken, N.J: Wiley Pub. Kendrick, T. 2004.The project management tool kit : 100 tips and techniques for getting the job done right. New York: AMACOM/American Management Association. Khatta, R. 2008.Risk management. New Delhi: Global India Publications. Siegrist, M., Earle, T. Gutscher, H. 2010.Trust in risk management : uncertainty and scepticism in the public mind. London Washington, DC: Earthscan.