Exam - 2 Essay Example | Topics and Well Written Essays - 1750 words

Exam - 2 - Essay Example s not able to collect a team of dedicated members who have expertise in software, hardware and technological elements of the project then it is likely that the risk associated with the project would enhance. Applegate, Austin and Soule (2009, p. 312) postulate that a minimization of this risk is indeed possible if companies hire technology consultants that can work on every technological aspect of the project, address weaknesses and rectify issues. Lastly, the varying nature of projects determines certain requirements that are relevant to the project. These requirements are not similar for every venture therefore, in some cases the presence of stable requirements has the ability to minimize risk while, more difficult requirements translate into a greater probability of risk. The development of system projects may not be able to meet the specified aim and objectives due a number of underlying factors. Most importantly, if the senior management that is responsible for executing the project and leading the team that is involved in the project does not demonstrate unparalleled commitment to the project then the project maybe steered towards implementation failure (Lecture 6). Another factor that contributes to the incidence of implementation failure is that of gutless estimating. This notion implies that when a middle level manager prepares the cost schedule for a project then in certain situations the manager maybe forced by members of the senior level management to present a cost schedule that hides the true extent of costs and expenses for the project (Lecture 6). As the deceptive figures are entered as a part of the project cost schedule the future success of the project is comprised. Moreover, if the project is not characterized by the presence of change control frameworks then the absence of these components enhances the possibility of an unexpected increase in the costs of the project which is also unfavorable (Lecture 6). Lastly, it stands true that if the