Project Management Paper Assignment

Project ManagementStudent NameInstitutionCourseInstructorDateProject Requirements Eliciting and DecompositionRequirements gathering and decomposition are the top priority essential processes which expand a project's potential success (Guo & Zhang, 2022). Elicitation must be guided by the need for research and discovery of the system requirements to obtain the views from the stakeholders. A well-scaled requirement gathering will be centred on the brainstorming approach through an inclusive stakeholder discussion concerning the project's objectives and the alignment of its potential needs. On the other hand, requirements decomposition will be guided by ensuring effectiveness in task completion. For proper decomposition, the scope definition approach assists in better analysis and splitting of the project parts into achievable derivatives. Time and cost estimation will ensure the projection of the required timelines and attached cost, ensuring a principled workflow.Project Overview StatementPROBLEMThe situational problem entails the frustration aligned to the management of projects that have led to poor execution of projects. PROJECT GOALSThe project aims at providing a well-structured solution to management challenges by developing the required WBS and timeline strategies.PROJECT OBJECTIVESProviding strategies for timely project completion.Expounding on application prioritization.Aligning the recommendable project organizational structure.Describing potential risks.Project profit