Background 

The aim of the report is to present details information to Intelligent Information Inc. on their project to purchase and implement a big data analytics package for their business. The organization has workforce scattered in several countries. This is a large international firm that is interested to work big data analytics for their business process. The main objectives of the project are to help the marketing, operations management and risk management processes of the business to improve with the help of big data. The marketing department is interested in identifying potential customers with the help of suitable big data analytics integrated with the marketing process, the operations management department is interested in integrating big data technologies to the business operations with the help of sensors and wireless networks to deliver better services to the existing customer, improving customer loyalty and to streamline and simplify business operations. They are also interested in using the technologies in predictive and prescriptive maintenance. The risk management department is interested in using the big data analytics for prevention and detection of various fraudulent activities. 

Project Schedule 

The project schedule contains the timeline of the activities to be done in the project. Scheduling is a key aspect of any project management activities. The main task of selecting a suitable big data analytics package and to implement it for the marketing, operations management, and risk management has been broken down into smaller subtasks and activities so it can be completed within a definite time and with definite resources (Schwalbe, 2013).

The WBS for the project is, 

The Gantt chart shows the work breakdown structure or WBS, the durations for the tasks, the start and finish dates, resources required to finish the tasks and the budget for the project. It also shows the dependencies among the tasks. The detailed project schedule is,

The Gantt chart also shows the critical tasks and how that is related to the project. If any critical task is delayed then the whole project schedule may get delayed or the project schedule may break down. So, it is very important to understand the critical tasks and monitoring the project progress closely so the deadlines of the critical tasks are met. 

Network Diagram 

The network diagram for the project is given below. It is a graphical representation of the WBS. It also shows the dependencies among the tasks. The project network diagram must be considered from the left to the right. 

Project Milestones using the SMART Criteria 

SMART stands for Specific, Measurable, Attainable, Relevant, and Time Bound. Project goals must stick to SMART criteria (Kloppenborg, 2012). It helps to make the project more effective. The milestones of the project are developed using the SMART criteria. The milestones are already added in the project schedule and the Gantt chart. 

• Specific 

Each milestone has some specific purpose and requirement. So the milestones meet this criterion of the SMART approach. 

• Measurable 

The milestones have definite dates. So, these are measurable. The milestones are used for tracking the progress of the project. It helps to measure the progress.

• Attainable 

Each milestone is realistic and aligned with the objectives of the project. 

• Relevant 

The milestones are relevant to the project and worthwhile. 

• Time-bound

Each milestone has a definite end and date. So, these are time bound. 

The milestones are given below, 

Resources Table 

The resource table is, 

Project Budget 

The project budget and calculations are given in the following table. 

RACI Table 

RACI stands for Responsible, Accountable, Consulted, and Informed. The following RACI matrix shows the decision making authorities of the project along with the project activities. The intersecting points of the roles and activities shows whether the corresponding authority is responsible, accountable, consulted or informed for the activity or not (Wilson, 2014). 

The RACI matrix for the project is given below.

Risk Management

Risk management is an integral and critical part of project management. It is an ongoing process that is needed to be started from the beginning and run in parallel to other project management tasks (Schwalbe, 2013). The risk register given below shows the risks related to the project. The risk register also contains information about the probability matrix of the risks. 

Conclusion 

The report contains detailed information about the project management for the big data analytics project for the III. The administration will have a clear idea about the schedule, cost estimation, risk management of the proposed project. It will help them to run and complete the project successfully.