This document outlines the requirements for Assignment 2 of BUS 517 Week 7. The assignment requires students to create a project initiation and planning document that includes: 1. An outline of the necessary components of a project charter based on research. 2. An analysis of project stakeholders including their influence and attitude towards the project. 3. A Work Breakdown Structure (WBS) of the project depicted graphically. 4. A project plan/network depicting the typical components and critical path. The document must also include assumptions, exclusions, dependencies, risks and issues and suggest approaches to address the top three risks. The assignment must follow specific formatting guidelines and cite at least three quality resources.

1. BUS 517 Week 3 Assignment 1 Project Proposal
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BUS 517 Week 3 Assignment 1 Project Proposal
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BUS 517 Week 7 Assignment 2 Project Initiation
and Planning
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Assignment 2: Project Initiation and Planning
Due Week 7 and worth 250 points

2. Assignment Overview – In assignment 1 you have defined the objectives
of the project in terms of a problem which it solves or an opportunity
which it capitalizes on. You have also created a scope statement (or
Statement of Work) which outlines the basic components of the project.
It is now the time to discuss the process of creating a Charter, have it
approved by the sponsor/client, and with charter in hand start the
planning process. First a Work Breakdown Structure (WBS) is created
followed by a project plan/network.
Write an 8-10 page paper in which you will:
Discuss the value of a project charter and, based on your research,
include an outline of the components which you deem necessary for
your project. Note: You do not need to write a charter.
Specify the stakeholders for the project, and analyze the position of each
for the project, in terms of their influence, as well as their attitude
towards the project (i.e., positive, neutral, or negative).
Create a WBS for your project using a proper format (MS Word, MS
Excel, Visio, or any other applicable format) to depict WBS graphically
(see the example in p. 110). Alternatively, you may use a coded format
using MS Word (see example in p. 115. The example is in MS Project
format but the same could be done in MS Word).
Create a project plan/network using a proper format (MS Word, MS
Excel, or any other applicable format) to depict the project network
(example in p. 173). Be sure that all typical components on a project
network are included, and critical path is properly depicted.
Document the main assumptions & exclusions (taken from scope
statement), dependencies, risks, and any other major issues of the
project. Select the top three (3) important risks of the project, and
suggest approaches to address those risks. Hint: mitigation, avoidance,
acceptance or transfer.

3. Use at least three (3) quality resources in this assignment.Note:
Wikipedia and similar Websites do not qualify as quality resources.
Format your assignment according to the following formatting
requirements:
Typed, double spaced, using Arial font (size 12), with one-inch margins
on all sides.
Include a cover page containing the title of the assignment, the student’s
name, the professor’s name, the course title, and the date. The cover
page is not included in the required page length.
Include a reference page. Citations and references must follow APA
format. The reference page is not included in the required page length
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