MGMT50004 Project Scheduling and Risk Management Case 2 - Fall 2022 v1 ITP report for the Scheduligg and Risk Management course To complement the Toronto Caribana Sun Festival case, you are requested to develop a plan including project schedule{in WIS-Project} and project risk. The objective is to enhance customer awareness about project challenges {scheduling and risk} to achieve the project objectives. You must create and explain the schedule and risk plan based on the project WES [presented on the Case lehe report organization forthe scheduling and risk course should have the following organization: I. Scheduling and Risk plan - Executive Summary i Open directly with major ndings of the basic plan and its alternatives. Explain your motivation to develop alternative plans for the project. i Describe concisely the basic plan and each alternative that you are evaluating in the report. For the basic plan and each alternative, you should explain the assumptions made and expected impacts on project deliverables. At this point, the reader should have a "high- level" idea about the basic plan characteristics and its alternatives. ll. Schedule Plan and Risk Plan {Basic plan] i Present key activities of the project [major milestones and major summary activities, max of 10}. For each key activity, describe the work to be performed, resources required and constraints. It is recommended to use a table format to present the durations, key PM diagrams suitable for the client, restrictions, and comments for each key activity. You should include additional paragraphs to help the reader {without knowledge in PM techniques} to interpret the key activities. Remember, each key activity should have a direct relationship with the project WES. 0 Present a high-level Gantt chart {major milestones and major summary activities, max of 10). Must be clear and understandable in the report. You should include additional paragraphs to help the readerto interpret the data of the Ga ntt chart. Present general oomments on how the scheduling plan meets the project objectives. 0 Present the risk analysis for the basic plan {risks should be related to the whole project and its activities}. Include table and charts that may be useful for the client; interpret and provide comments on the risk analysis. Present general remarks on how the risk plan can increase the likelihood of project success {use specific information related to the project}. Ill. Assume that the client asked you to reduce project duration [Short duration plan], how woutd you change the plan developed in the item "II." t Evaluate the project schedule plan and present specific changes that can be done to reduce the project duration as much as possible. Generic answers are not appropriated to solve project challenges like this. i Reevaluate the risk plan and explain how the risks would be affected by the project duration reduction. Be specic, evaluate individual risks. Generic answers are not appropriated to solve project challenges like this. IV. Assume that the client asked you to deliver the best quality possible within the timeframe available [high quality plan], how would you change the plan developed in the item \"II.\" t Evaluatethe project schedule plan and present specic changes that can be done to enhance the project quality as much as possible. Generic answers are not appropriated to solve project challenges like this. i Reevaluate the risk plan and explain how the risks would be affected by the project enhanced quality. Be specic, evaluate individual risks. Generic answers are not appropriated for solving project challenges like this. V. Scheduling and Risk plan - Conclusions and Recommendations i Present your conclusion and recommendations. It is recommended to use tables and charts to highlight the main points of the project schedule plan and risk plan. Provide supporting arguments based on the data and facts presented previously. VI. References VII. Appendix {include technical details that could distract the reader when reading the main body ofthe report}