Question

Suppose a project manager has to implement SCADA system in the factory, what will be the...

Suppose a project manager has to implement SCADA system in the factory, what will be the following for this project:

1) Investment Risk Management Plan

2) Relevant standards/laws

3) Key performance indicators

4) Project Integration Management Plan

Can someone help me with a clear and detailed answer

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Homework Answers

Answer #1

1- Investment Risk Management plan

Explaination:

SCADA system is a technology which demands investment. If your project overall cost is constrained and when you are going for using this technology, you being as a project manager need to assess risks associated with introduction of this technology in your factory. SCADA system implementation involves cost. Also you need to be aware that whether your organization has capacity to install or your staff has competency to use it. if you dont have competency to use it then it become overburden and unnecessary costs. Your are inviting risks and therefore there is a need of developing risk management pland for investments.

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