Medical Informatics: Final Project Case Study

NB: We do not resell your papers. Upon ordering, we do an original paper exclusively for you.

NB: All your data is kept safe from the public.

Table of Contents

Status Evaluation
Project Analysis
Forecasting
Impact of the Past
Corrective Actions
References

Status Evaluation

The project is 24% complete, with the full execution of the first 3 key milestones, which comprise both the project commencement meeting and approval of the required business documents. Other deliverables achieved include the implementation of modules 1 and 2. However, the project experiences some factors that may negatively affect the process of its execution. These problems consist of the resignation of the overall project manager, who was tasked with the monitoring of the program implementation process. The absence of the leader leads to the slow progress of project activities. The continuation of the task was also slower than expected, due to the changes in requirements by the users. A lack of an established communication channel, implementation, and risk management plans were crucial hitches.

Project Analysis

The Impact of Scope Creep

The user requirements keep changing, and this interferes with the adherence to the project plan that was prepared initially (Aaltola, 2017). Therefore, information regarding the preferences of the users should be gathered before the succeeding stage of project execution, such that the needs may be incorporated into the existing project schedule.

The Significance of the Baseline

The project exceeded the budgeted cost by 20%, hence the supervision team has to source the required funds or stop the execution of the project (European Union, 2018). The management group should have collected all the information regarding the actual cost, before preparing the final budget (Aaltola, 2017). Programming was also delayed, and this could have been prevented by first establishing the interface requirements.

The Impact of Baseline Change

The alteration of the baseline could cause the amendment of the whole project plan and incorporate the new resource requirements (World Bank Group, 2015). This would also lead to an adjustment of the budget, hence delays in project completion.

Estimated vs. Actual Costs

The estimated cost of the project was lesson 20% of the actual cost. This could be avoided by having identified all the project requirements and their associated costs and then a supplementary budget should have been incorporated (World Bank Group, 2015).

Forecasting

Assumptions that Guide the Forecasting

The forecasting assumes that the project timeline and resources are not adjusted (Aaltola, 2017). Another supposition is that the milestones and deliverables are maintained.

Projected End Date of the Project

The projected end date would be extended due to insufficient funds (Aaltola, 2017). Inefficient management and poor communication would also lead to the extension of the completion date.

Cost to Complete the Project

Project completion cost would be higher than the initial, due to the addition of new program features and other project requirements (World Bank Group, 2015). The time extension is also associated with an additional cost.

Forecasted Overrun at Completion

The project is likely to end later than expected, with a financial overrun of 20% or more. Extra resources will be ordered to ensure the continuity of the project.

Impact of the Past

The issues can have a significant influence on the failure of the project (Aaltola, 2017). Lack of additional funds and time can cause the stoppage of project execution (European Union, 2018).

Corrective Actions

Immediate Actions Necessary to Rescue the Project

A competent project manager should be recruited to organize and oversee the project execution process (Aaltola, 2017). Extra funds should also be obtained to ensure the continuity of the project.

Target Dates to Rescue the Project

The deadlines for program development, monitoring and control, and completion should be extended so that the managers can have ample time to find extra sources of funding (World Bank Group, 2015). The adjusted dates will also allow for the users to present their opinions on program adjustments.

Necessary Steps for Long-Term Success

The company should adopt a standard system for budgeting and planning for any project. The overall project manager should be contracted for a compulsory service period of more than 10 years (World Bank Group, 2015).

References

Aaltola, K. B. (2017). Project management handbook. VTT Technical Research Centre of Finland. Web.

European Union. (2018). Project management methodology guide. European Union. Web.

World Bank Group. (2015). Project management essentials. World Bank Group. Web.

Click Here To Order Now!