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Project Management: Assignment

   

Added on  2020-01-28

20 Pages5500 Words111 Views
Assignment: Undertake Project WorkStudent Name:Student ID:College Name:College ID: 1

Table of contentIntroduction...........................................................................................................................................4Assessment Activity 1- Knowledge Questions.......................................................................................4Question1..............................................................................................................................................4Question 2:............................................................................................................................................4Question 3: Explanation on the processes involved for the identification and management of risks ina project................................................................................................................................................5Question 4:............................................................................................................................................5Assessment Activity 2- Business Simulation..........................................................................................6Task 1- Define project............................................................................................................................61.1: The blank project charter that summarise the key aspects of the projects project taking in thebusiness case.........................................................................................................................................61.2: Clarification of the scopes of the project.......................................................................................8Task 2- Develop Project Plan...............................................................................................................112.1: The process of planning the project.............................................................................................112.2: Use of Gantt chart for monitoring the project schedule...............................................................142.3: Formulation of the risk management plan...................................................................................142.4: The project tool that use to develop project budget....................................................................152.5: Consultation with the team members..........................................................................................152.6: The approval of the project by presenting the project plan, tools, budget, risk management plan.............................................................................................................................................................15Task 3- Administer and Monitor Project..............................................................................................163.1: Clarification of the responsibility and requirements of the project to the team members..........163.2: Support for the project team members........................................................................................163.3: The process of the establishment and maintenance the record keeping system.........................163.4: Execution and monitoring the project..........................................................................................163.5: Undertaking of the risk management in the project plan............................................................16Task 4- Finalise Project........................................................................................................................174.1: Complete the documentation of the project................................................................................174.2: Transition of team members........................................................................................................18Task 5- Review Project.........................................................................................................................185.1: The draft of the lesson learnt from the project............................................................................182

5.2: The consult the lesson learnt from the project with the team members.....................................19Conclusion...........................................................................................................................................193

IntroductionWealth maximization is an important objective for every business organisation and to achieve thisobjective the organisations have to achieve some small objectives such as increase the capacity ofproduction, expansion of the product portfolio, expansion of the market, increase the demand of theproduct and increase the market share. Therefore, The organisations have to increase theirinvestment in the fixed assets to achieve those small objectives (Tasevska et al. 2014 ). Theorganisations also take some initiatives of different projects such as promotion and advertisementsprojects to increase the demand of the products. Expand the production plant and machineries toincrease the production capacity and establish a production plant to increase the market in anotherregion. The organisations have to use some tools, plans and schedules to complete the projectsefficiently and effectively. The following study will discuss about the different tools, plans andschedules that used by the different organisation to complete the projects.Assessment Activity 1- Knowledge QuestionsQuestion1Project Management Tools How it contributes to a project1 Project Evaluation and Review Technique(PERT)PERT is identified as one of the planning andcontrolling tool which is used for thepurpose of defining and organizing the tasksto be completed in a project (Tasevska et al.2014 ).2. Critical Path Method (CPM)The CPM method is identified as a projectmanagement tool which undertakes theexercise of identifying the critical and thenon critical tasks in order to prevent theproblems to be faced with time in a project.3. Gantt ChartThrough Gantt chart a defined time period isassigned to the task involved in a project inthe form of days, weeks and months.4. Logic NetworkThrough logic network the representation ofthe networks having same properties inrelation to connectivity in the datacenter ispresented (Ibrahim et al. 2016)..5. Work Breakdown structureThrough the ‘work breakdown structure’ thework of a team pertaining to projectmanagement is presented in manageablesections.Question 2:Document/Source of InformationExplanation4

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