Challenges in Project Execution

PROJECT
MANAGEMENT

INTRODUCTION...............................................................................................................................2
MAIN BODY.......................................................................................................................................2
CONCLUSION..................................................................................................................................13
REFERENCES..................................................................................................................................14

INTRODUCTION
For conducting overall project in successful manner, it is essential for project manager
to coordinate as well as complete each and every activity within appropriate manner.
Moreover, project management can be explained as procedure task and activities so that
project will be finished within required duration and in cost effective manner. This report is
totally based on assumption as in this report project of ABC Plc. Will manage. Respective
organization want to improve their Information technology system through implementing
cloud computing in their working. For this purpose, they handle their IT project to LMN
Company. Moreover, respective report consist detail information related to project
management plan which include time, cost, risk and several other factors.
MAIN BODY
Overview of project – This project is related of launching advanced Information
Technology services such as cloud computing with this business process. Within this project
company of client is ABC Plc. As they want to do update within their business services.
Thus, this business project assigned by ABC plc to LMC Company as well as estimated cost
for this project is approx. 50000 pounds. For project management purpose deadline is given
to client company i.e., LMC Company which is 6 months. Thus, project is required to be
finished within provided deadline.
Project management plan - Project management include planning as well as
organizing resources of company for moving specific task, event or duty for completion. In
addition to this, it includes one-time project, on-going activities as well as resource
management which are personnel, technology, intellectual property, finance and several
other. Moreover, project management provide assistance in keeping everything smooth, on
time as well as within decided budget. Along with this, project management plan is each and
every members of project team because it is like blue print of every activities of project. In
relation of respective company project related details are mention below :-
 Time – This one of the key element of a project management plan which states that
estimated time to complete a project. It becomes essential for a project manager to
complete the project in given time period. Eventually, success of a project depends on
this component. Herein, it is important to know that this is not only duty of project
manager to complete the project in time but also each department becomes liable to

finish their own assigned activities in given time frame. In the context of above XYZ
plc’s project, estimated time is around 6 months. Therefore, it becomes essential for
project manager to complete this project in 6 months. Any delay in this, may lead to
serval obstacles for above company as well as for client too.
 Cost benefit analysis – Cost-benefit analysis is a method employed mainly by
businesses that measures the amount of the advantages of the activity, such as
financial income, in an operation against the disadvantages, or expenses. The method
is often used when attempting to determine a course of action, and often includes
monetary values for expected revenues as well as opportunity costs in its
computations. In the context of above project, a detailed analysis of estimated cost has
been done in such manner:
Cost sheet for one unit:
Particulars
Unit/
hour
Cost per
unit/hou
r Total (£)
Project management
Project manager 4,00 15 6.000
Team members 6,00 2.5 15.00
Hardware
Printer 30 9.5 285
Desktop 50 24.5 1.225
Storage 15 15 225
System
integration/Developme
nt
Designing 150 15 2,250
Testing 2,00 20 4,000
Programming 5,00 40 20,000
Security 3,50 10 3,500
Employee expenses
Salary 150 40 6,000