Project Management Analysis: Ki Beach Festival

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Many elements of life require planning; ranging from large scale coordination to the arrangement of a visit to the supermarket. Planning is such a vital part of reaching a much desired goal; once a goal is set, planning begins. In the business world, planning and preparation has become an official stable part of the systematic organisation of a company, to the extent that employers hire personnel to undertake the role of “project management planner”. This investigation will look into the benefits of project planning in general and the specific details important in the media project management plan created “KI Beach Festival”.

People tend to take project planning for granted; it sometimes is ignored in favour of diving straight into the job in question. What they fail to realise is that there is value in a project plan including saving time, money and many avoidable problems (Haughey, 2010). As seen in my project plan, stakeholders desperately depend upon the structure and outcome of the strategy. Anybody directly or indirectly related to its structuring will be impacted, and therefore it is important to understand their needs, and further prioritise them. For example, promoters of the KI Beach Festival have been categorised in the <High> priority class. The relationship between the project and the stakeholder is a dual affiliation in the sense that the stakeholder impacts upon as well as being impacted by the festival. If promoters do not reach their target goals, the festival will not receive its minimum intake of visitors. If this occurs then the festival will not make its income threshold, therefore will be unable to pay its personnel, including the promoters.

A major part of the project management process is risk management. Identifying, assessing and prioritising risks is an extremely important technique which will lead to much more of a manageable future outcome. By taking any possible risk into account, organisations are able to enlist anyone...
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