Understanding Project Management Careers
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AI Summary
This assignment delves into the world of project management careers, encouraging students to critically examine the current landscape. It emphasizes research methodologies like participatory peer research and knowledge perspectives to gain a comprehensive understanding of project management's value, performance, and success factors. The analysis explores sustainability in construction and communication dynamics within project teams.
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CONSTRUCTION PROJECT
MANAGEMENT
MANAGEMENT
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TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
A) TIME/ PLANNING SCHEDULE..............................................................................................1
1) Detailed time/planning schedule (Checklist of questions).....................................................1
2) Division of time/planning schedule........................................................................................3
3) Internal and external time influences......................................................................................5
4) Planning (Bottom-up or top-down).........................................................................................7
5) Time limiting or resource limiting project..............................................................................7
6) Dependent and parallel tasks..................................................................................................8
B) RISK MANAGEMENT..............................................................................................................9
1) Project risks (Internal and external)........................................................................................9
2) Risk assessments (Qualitatively and quantitatively)............................................................10
3) Risk register..........................................................................................................................11
4) Risk management table.........................................................................................................14
5) Transition and contingency plan...........................................................................................16
6) Insurance considerations.......................................................................................................17
7) Discussion on emergency plans............................................................................................19
C) NEGOTIATION AND CONFLICT RESOLUTION...............................................................20
1) Problem (Definition).............................................................................................................20
2) Responses from each of the parties involved........................................................................20
3) Types of negotiation styles and adoption of adequate negotiation (With justification).......21
4) Steps taken in order to resolving the issue............................................................................22
CONCLUSION..............................................................................................................................23
REFERENCE.................................................................................................................................24
INTRODUCTION...........................................................................................................................1
A) TIME/ PLANNING SCHEDULE..............................................................................................1
1) Detailed time/planning schedule (Checklist of questions).....................................................1
2) Division of time/planning schedule........................................................................................3
3) Internal and external time influences......................................................................................5
4) Planning (Bottom-up or top-down).........................................................................................7
5) Time limiting or resource limiting project..............................................................................7
6) Dependent and parallel tasks..................................................................................................8
B) RISK MANAGEMENT..............................................................................................................9
1) Project risks (Internal and external)........................................................................................9
2) Risk assessments (Qualitatively and quantitatively)............................................................10
3) Risk register..........................................................................................................................11
4) Risk management table.........................................................................................................14
5) Transition and contingency plan...........................................................................................16
6) Insurance considerations.......................................................................................................17
7) Discussion on emergency plans............................................................................................19
C) NEGOTIATION AND CONFLICT RESOLUTION...............................................................20
1) Problem (Definition).............................................................................................................20
2) Responses from each of the parties involved........................................................................20
3) Types of negotiation styles and adoption of adequate negotiation (With justification).......21
4) Steps taken in order to resolving the issue............................................................................22
CONCLUSION..............................................................................................................................23
REFERENCE.................................................................................................................................24
ILLUSTRATION INDEX
Illustration 1: Gantt Chart................................................................................................................5
Illustration 1: Gantt Chart................................................................................................................5
INTRODUCTION
Project management is a process of planning, implementing and controlling team work to
achieve any specific goal regarding business expansion and innovations in its services. It is a
technique of project succession and management of entire operations. The present report is based
on understanding aspects of project management for Harrowford & Sons regarding property
development. It is Property Development Company in Australia which is known for property
development and professional advisor on purchasing, selling and renting properties. In this
regard, all tools including time schedules, management of risks and negotiation on project plans
are to be described. However, project plan and timing to accomplish any activity can be
presented for goal accomplishment. In addition to this, risks occurred in projection and solutions
for them are to be expressed through this assignment. Along with this, negotiation and conflict
resolution for success of project plan has been presented for the organisation. Thus, students are
able to understand several aspects of project management for property development through this
report.
A) TIME/ PLANNING SCHEDULE
Harrowford & Sons is wide spread and well-known company which deals with property
related projects such as buying, selling and renting them. In this project plan, company is
planning to set up a luxury apartment of 20 units of two and three-bedroom flats. Including this,
luxury reception room, balcony, fitted kitchen, a gym and 24 hours guard are also planned for
property development of the entity (Argirova and Ivanov, 2015). In addition to this, parking
facilities and different other facilities are also planned for project accomplishment. However,
for selling flat of the apartment, director has set its selling price as £420,000 and £500,000 or
equivalent. For this purpose, proper timing and scheduling set for accomplishing task and
implementing action plans properly in a certain time. In this regard, planning scheduling for
project management can be understood as follows:
1) Detailed time/planning schedule (Checklist of questions)
For construction of apartment and selling of flats, all planning and questions are detailed
to be accomplished for Harrowford & Sons. In this regard, checklist of all questions and details
regarding projection can be described as below:
Project plan Review checklist
1
Project management is a process of planning, implementing and controlling team work to
achieve any specific goal regarding business expansion and innovations in its services. It is a
technique of project succession and management of entire operations. The present report is based
on understanding aspects of project management for Harrowford & Sons regarding property
development. It is Property Development Company in Australia which is known for property
development and professional advisor on purchasing, selling and renting properties. In this
regard, all tools including time schedules, management of risks and negotiation on project plans
are to be described. However, project plan and timing to accomplish any activity can be
presented for goal accomplishment. In addition to this, risks occurred in projection and solutions
for them are to be expressed through this assignment. Along with this, negotiation and conflict
resolution for success of project plan has been presented for the organisation. Thus, students are
able to understand several aspects of project management for property development through this
report.
A) TIME/ PLANNING SCHEDULE
Harrowford & Sons is wide spread and well-known company which deals with property
related projects such as buying, selling and renting them. In this project plan, company is
planning to set up a luxury apartment of 20 units of two and three-bedroom flats. Including this,
luxury reception room, balcony, fitted kitchen, a gym and 24 hours guard are also planned for
property development of the entity (Argirova and Ivanov, 2015). In addition to this, parking
facilities and different other facilities are also planned for project accomplishment. However,
for selling flat of the apartment, director has set its selling price as £420,000 and £500,000 or
equivalent. For this purpose, proper timing and scheduling set for accomplishing task and
implementing action plans properly in a certain time. In this regard, planning scheduling for
project management can be understood as follows:
1) Detailed time/planning schedule (Checklist of questions)
For construction of apartment and selling of flats, all planning and questions are detailed
to be accomplished for Harrowford & Sons. In this regard, checklist of all questions and details
regarding projection can be described as below:
Project plan Review checklist
1
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Project name Construction project management
Project manager David Das
Team structure Team builder, engineers, workers, assistances.
Project plan questions
Serial Number Question Answer
1 Are all required sections have been addressed
in the project plan?
Yes
2 Is adequate time set on each project activity
for apartment of 20 units?
Almost
3 Have all risks been assessed for project from
all angles?
Yes, with back up of solving
upcoming risks
4 Is there any planning for effective team
building and conflict management tools?
Yes, work is to be segmented
among workers according to
their capabilities.
Scope and management plan related questions:
Serial Number Question Answer
1 Is scope for project clearly identified? Yes, also expressed to all team
members.
2 Are all project assumptions and approaches
are recognised efficiently?
Yes
3 Is team structure prepared effectively for
segmenting work according to members'
Yes, by identifying their
capacities for working in team.
2
Project manager David Das
Team structure Team builder, engineers, workers, assistances.
Project plan questions
Serial Number Question Answer
1 Are all required sections have been addressed
in the project plan?
Yes
2 Is adequate time set on each project activity
for apartment of 20 units?
Almost
3 Have all risks been assessed for project from
all angles?
Yes, with back up of solving
upcoming risks
4 Is there any planning for effective team
building and conflict management tools?
Yes, work is to be segmented
among workers according to
their capabilities.
Scope and management plan related questions:
Serial Number Question Answer
1 Is scope for project clearly identified? Yes, also expressed to all team
members.
2 Are all project assumptions and approaches
are recognised efficiently?
Yes
3 Is team structure prepared effectively for
segmenting work according to members'
Yes, by identifying their
capacities for working in team.
2
working capacities?
4 Have you planned for all activities as
estimated cost to be incurred and time
consumption on each action plan?
Yes
Risk and quality management related questions:
Serial
Number
Question Answer
1 Have potential risks in project been assessed
properly with back up plans?
Yes
2 Can all team members get adjusted according
to dynamics occurred for project's success?
Yes (In accordance to their
working abilities).
3 Are all workers able to contribute in team
work according to expected efficiency?
Yes
4 Can project accomplish qualitatively for
construction of apartment?
Yes, definitely.
2) Division of time/planning schedule
Project plan for constructing apartment for Harrowford & Sons regarding property
expansion requires setting time and schedule properly (Bonnal, 2012). Therefore, all action
plans for implementation are segmented in a certain time period can be understood as below:
Plan Activity Time frame
Setting objectives and
strategies (map)
At first, goals are set for construction
according to which mapping and
strategies are prepared regarding all
tasks and project (Demeulemeester,
1-2 weeks
3
4 Have you planned for all activities as
estimated cost to be incurred and time
consumption on each action plan?
Yes
Risk and quality management related questions:
Serial
Number
Question Answer
1 Have potential risks in project been assessed
properly with back up plans?
Yes
2 Can all team members get adjusted according
to dynamics occurred for project's success?
Yes (In accordance to their
working abilities).
3 Are all workers able to contribute in team
work according to expected efficiency?
Yes
4 Can project accomplish qualitatively for
construction of apartment?
Yes, definitely.
2) Division of time/planning schedule
Project plan for constructing apartment for Harrowford & Sons regarding property
expansion requires setting time and schedule properly (Bonnal, 2012). Therefore, all action
plans for implementation are segmented in a certain time period can be understood as below:
Plan Activity Time frame
Setting objectives and
strategies (map)
At first, goals are set for construction
according to which mapping and
strategies are prepared regarding all
tasks and project (Demeulemeester,
1-2 weeks
3
Kolisch and Salo, 2013).
Including this, scope and vision are set
for project accomplishment.
Along with this, estimated cost to be
incurred on projection is analysed
including material, labour and addition
overhead.
Purchasing raw materials As per strategic plans, raw materials for
construction are to be purchased with
quality and quantity considerations
(Jiang and Klein, 2014).
3-4 weeks
Team building and work
segmentation
Afterwards, team of engineers and
coordinators is prepared for property
development of Harrowford & Sons.
Similarly, work is to be segmented
among team members according to their
abilities and effective contribution for
working in group.
2-3 weeks
Presenting action plans among
team members
Prepared action plans and tasks for
project is expressed to all teams
members for construction of apartment
with time schedules (Kolesnikova and
et.al., 2015).
1 week
Implementing action plans Further, all activities are converted into
implementations by imparting authority
and responsibilities to all members.
25-40 weeks
Performance evaluation In this stage, performance of team and 1-2 weeks
4
Including this, scope and vision are set
for project accomplishment.
Along with this, estimated cost to be
incurred on projection is analysed
including material, labour and addition
overhead.
Purchasing raw materials As per strategic plans, raw materials for
construction are to be purchased with
quality and quantity considerations
(Jiang and Klein, 2014).
3-4 weeks
Team building and work
segmentation
Afterwards, team of engineers and
coordinators is prepared for property
development of Harrowford & Sons.
Similarly, work is to be segmented
among team members according to their
abilities and effective contribution for
working in group.
2-3 weeks
Presenting action plans among
team members
Prepared action plans and tasks for
project is expressed to all teams
members for construction of apartment
with time schedules (Kolesnikova and
et.al., 2015).
1 week
Implementing action plans Further, all activities are converted into
implementations by imparting authority
and responsibilities to all members.
25-40 weeks
Performance evaluation In this stage, performance of team and 1-2 weeks
4
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project is to be evaluated critically
(Lippe and vom, 2016).
Comparison between actual and
expected performance is done to find out
deviations if any that can be reduced
and project would accomplish
effectively.
Taking feedback from team
members
After reaching out to set target ,
feedback is to be taken from all members
of the team.
As well, positive and negative aspects
can also be identified for further
operations.
1 week
Reporting In the end, reporting on all activities as
well contribution of members and
expenses incurred is done (Lloyd,
French, and Crawford, 2016).
1-2 weeks
Gantt chart:
5
(Lippe and vom, 2016).
Comparison between actual and
expected performance is done to find out
deviations if any that can be reduced
and project would accomplish
effectively.
Taking feedback from team
members
After reaching out to set target ,
feedback is to be taken from all members
of the team.
As well, positive and negative aspects
can also be identified for further
operations.
1 week
Reporting In the end, reporting on all activities as
well contribution of members and
expenses incurred is done (Lloyd,
French, and Crawford, 2016).
1-2 weeks
Gantt chart:
5
Illustration 1: Gantt Chart
3) Internal and external time influences
There are several environmental factors recognised which impact on project and its
activities. In order to this, , internal factors are controllable while external remains beyond
control (Mir and Pinnington, 2014). However, construction of apartment for Harrowford & Sons,
internal and external sources' impact on project activitiescan be understood as follows:
Internal influences: These factors are controllable as can be handled for succession of
project effectively includes following factors as: Finance: It is related with fund allocation and making plans for expenditure on
construction as purchasing raw material, labour cost, additional overhead etc. Therefore,
decision regarding finance and investment on project are included here (Morris, 2013).
However, it can be controlled as well planned for projection to develop property of
Harrowford & Sons. Human resources: This factor includes team members involved in team as well analysis
of their performances which can manage. In accordance to this, work segmentation and
team building is done on the basis of performance management and evaluation
(Robichaud and Anantatmula, 2011). Thus, human resources are internal sources that can
be monitored for Harrowford & Sons regarding construction of flats.
6
3) Internal and external time influences
There are several environmental factors recognised which impact on project and its
activities. In order to this, , internal factors are controllable while external remains beyond
control (Mir and Pinnington, 2014). However, construction of apartment for Harrowford & Sons,
internal and external sources' impact on project activitiescan be understood as follows:
Internal influences: These factors are controllable as can be handled for succession of
project effectively includes following factors as: Finance: It is related with fund allocation and making plans for expenditure on
construction as purchasing raw material, labour cost, additional overhead etc. Therefore,
decision regarding finance and investment on project are included here (Morris, 2013).
However, it can be controlled as well planned for projection to develop property of
Harrowford & Sons. Human resources: This factor includes team members involved in team as well analysis
of their performances which can manage. In accordance to this, work segmentation and
team building is done on the basis of performance management and evaluation
(Robichaud and Anantatmula, 2011). Thus, human resources are internal sources that can
be monitored for Harrowford & Sons regarding construction of flats.
6
Environment: It is related with atmosphere of workplace that is evaluation of employees'
performance. In this regard, creating positive and friendly environment is manage in
hand of Harrowford & Sons' project manager. Hence, for performance management and
improving working abilities of team members, different strategies can be applied as
organising training and development programs etc. Therefore, environment of the entity
in internal influence for project accomplishment (Stewart, 2015).
External influences: These factors remain uncontrollable controlling remains difficult.
Some of them can be expressed as below: Economic environmental factors: These factors involve cost of material purchased for
construction of apartment for Harrowford & Sons. However, changes in price of
furniture, bricks and machinery & equipment, impacts on prepared budget adversely. In
addition to this, additional charges on contract and legal formalities also affect expenses
for project . Therefore, economic environmental factors impact on cost estimated for
meeting goals (Ziek and Anderson, 2015). Changes in technology: There are changes in technology implemented that affects
project activities.. Thus, due to upgrade of the latest technologies and adopting them,
cost estimated for project accomplishment get influenced (Bryman and Bell, 2014).
Environmental changes: It is uncontrollable factor that affects construction of apartment
for Harrowford & Sons. For example; occurrence natural calamities as floods, storms,
earthquakes, sabotage etc can effect construction project negatively.
4) Planning (Bottom-up or top-down)
Planning for project is done through bottom-up and top-down methods in which sharing
of goals and ideas are generated. This concept can be understood as below:
Top-down planning: In this process, top level managers share goal and action plans
regarding project to team members and its lower level employees (Dumay and Cai,
2015). However, all the activities and project plans can understand to be followed on
effectively. It is also considered that task can get succeed through this planning method
systematically.
7
performance. In this regard, creating positive and friendly environment is manage in
hand of Harrowford & Sons' project manager. Hence, for performance management and
improving working abilities of team members, different strategies can be applied as
organising training and development programs etc. Therefore, environment of the entity
in internal influence for project accomplishment (Stewart, 2015).
External influences: These factors remain uncontrollable controlling remains difficult.
Some of them can be expressed as below: Economic environmental factors: These factors involve cost of material purchased for
construction of apartment for Harrowford & Sons. However, changes in price of
furniture, bricks and machinery & equipment, impacts on prepared budget adversely. In
addition to this, additional charges on contract and legal formalities also affect expenses
for project . Therefore, economic environmental factors impact on cost estimated for
meeting goals (Ziek and Anderson, 2015). Changes in technology: There are changes in technology implemented that affects
project activities.. Thus, due to upgrade of the latest technologies and adopting them,
cost estimated for project accomplishment get influenced (Bryman and Bell, 2014).
Environmental changes: It is uncontrollable factor that affects construction of apartment
for Harrowford & Sons. For example; occurrence natural calamities as floods, storms,
earthquakes, sabotage etc can effect construction project negatively.
4) Planning (Bottom-up or top-down)
Planning for project is done through bottom-up and top-down methods in which sharing
of goals and ideas are generated. This concept can be understood as below:
Top-down planning: In this process, top level managers share goal and action plans
regarding project to team members and its lower level employees (Dumay and Cai,
2015). However, all the activities and project plans can understand to be followed on
effectively. It is also considered that task can get succeed through this planning method
systematically.
7
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Bottom-up planning method: In this method, project manager prepares all strategies
and activities to be implemented for project accomplishment and presents to upper level
managers. Including this, team members and all coordinators are involved for planning
and scheduling regarding project success (Flick, 2015). In addition to this, involvement
of all members for project that affects environment and proper contribution all members
for task accomplishment.
In this project regarding construction of apartment for Harrowford & Sons, top-down
method is to be used for project planning and reaching out to set target efficiently. However, all
the strategies are prepared by project managers and engineers regarding quantity and quality to
of raw material. Similarly, work segmentation as division of task among all team member
according to their capabilities are set by them property development effectively (Gast and
Ledford, 2014).
5) Time limiting or resource limiting project
Time limiting and resource limiting are concepts are considered for project and adequacy
projection. It is recognised on the basis of critical path and scheduling of activities to be
implemented for project. However, both these approaches can be understood as:
Time limiting project: In this way, it is analysed that which activity can delay in goal
accomplishment for establishing apartment. In addition to this, there is also analysis of
activity is created that affect time scheduling and project (Leary, 2016). Moreover, time
scheduling and all activities are assessed for management and construction. Along with
this, time limiting and management of project can be handled over systematically.
However, various time schedules and incurred time on construction of apartment are
identified. It is time consuming and effective for systematic planning procedure and
accomplishing project adequately. It is linked with other factors for purchasing raw
materials and setting time for each action plan. Therefore, time limiting strategy is useful
for Harrowford & Sons and its projection efficiently.
Resource limiting project: In this method, inadequacy of resources can be managed that
affects productivity and goal accomplishment. However, resources on which control can
be exercised are analysed in this process affect project activities. Moreover, it is
considered that which resource can be ignored for construction and building apartment
8
and activities to be implemented for project accomplishment and presents to upper level
managers. Including this, team members and all coordinators are involved for planning
and scheduling regarding project success (Flick, 2015). In addition to this, involvement
of all members for project that affects environment and proper contribution all members
for task accomplishment.
In this project regarding construction of apartment for Harrowford & Sons, top-down
method is to be used for project planning and reaching out to set target efficiently. However, all
the strategies are prepared by project managers and engineers regarding quantity and quality to
of raw material. Similarly, work segmentation as division of task among all team member
according to their capabilities are set by them property development effectively (Gast and
Ledford, 2014).
5) Time limiting or resource limiting project
Time limiting and resource limiting are concepts are considered for project and adequacy
projection. It is recognised on the basis of critical path and scheduling of activities to be
implemented for project. However, both these approaches can be understood as:
Time limiting project: In this way, it is analysed that which activity can delay in goal
accomplishment for establishing apartment. In addition to this, there is also analysis of
activity is created that affect time scheduling and project (Leary, 2016). Moreover, time
scheduling and all activities are assessed for management and construction. Along with
this, time limiting and management of project can be handled over systematically.
However, various time schedules and incurred time on construction of apartment are
identified. It is time consuming and effective for systematic planning procedure and
accomplishing project adequately. It is linked with other factors for purchasing raw
materials and setting time for each action plan. Therefore, time limiting strategy is useful
for Harrowford & Sons and its projection efficiently.
Resource limiting project: In this method, inadequacy of resources can be managed that
affects productivity and goal accomplishment. However, resources on which control can
be exercised are analysed in this process affect project activities. Moreover, it is
considered that which resource can be ignored for construction and building apartment
8
(Lushey and Munro, 2015). In this regard, project on limiting the resources is
accomplished that remains effective for proper management. Moreover, it is helpful for
optimum utilization of resources which impacts on productivity. Thus, resource limiting
project is also effective for adequacy and management of all tools systematically.
In this project, manager is to use time limiting approach for construction of apartment
and effective project management. For instance; reporting, taking feedback from all members etc
these are required for projection (Mackey and Gass, 2015). Therefore, by limiting on these
activities, time can be consumed as well goals can be accomplished for Harrowford & Sons.
6) Dependent and parallel tasks
For Harrowford & Sons, except construction of apartment, other tasks are also linked
with it. For example; teamwork, coordination of workers for working in group as well
performance management, time scheduling etc. Therefore, setting time for all tasks adequately
and estimating costs to be incurred for project are recognised as similar task for the entity. It
remains difficult to identify working capacity of an individual regarding team work and effective
project. However, segmenting work according to workers' efficiency and estimating cost for
incurring expenditures on project activities remains difficult for goal accomplishment (Perner,
Citerio and Joannidis, 2015). In addition to this, making decisions regarding all project activities
according to cost and implementing strategies for productivity is difficult for Harrowford &
Sons. Moreover, creating positive and friendly environment of organisation as well coordination
of team members for goal orientation is challenging task for the entity. Therefore, it is
recognised that all of these tasks are dependent on construction of apartment and succession of
project properly.
B) RISK MANAGEMENT
1) Project risks (Internal and external)
Internal risks: Internal risk are those issues which cause due to inadequacy in the
internal planning and unsystematic management of controllable tools. Construction project is
requires proper planning and if it is not there then project manager have to face these internal
risk (Simonsohn, Nelson and Simmons, 2016). Internal risk for the Harrowford & Sons company
in construction project are:
9
accomplished that remains effective for proper management. Moreover, it is helpful for
optimum utilization of resources which impacts on productivity. Thus, resource limiting
project is also effective for adequacy and management of all tools systematically.
In this project, manager is to use time limiting approach for construction of apartment
and effective project management. For instance; reporting, taking feedback from all members etc
these are required for projection (Mackey and Gass, 2015). Therefore, by limiting on these
activities, time can be consumed as well goals can be accomplished for Harrowford & Sons.
6) Dependent and parallel tasks
For Harrowford & Sons, except construction of apartment, other tasks are also linked
with it. For example; teamwork, coordination of workers for working in group as well
performance management, time scheduling etc. Therefore, setting time for all tasks adequately
and estimating costs to be incurred for project are recognised as similar task for the entity. It
remains difficult to identify working capacity of an individual regarding team work and effective
project. However, segmenting work according to workers' efficiency and estimating cost for
incurring expenditures on project activities remains difficult for goal accomplishment (Perner,
Citerio and Joannidis, 2015). In addition to this, making decisions regarding all project activities
according to cost and implementing strategies for productivity is difficult for Harrowford &
Sons. Moreover, creating positive and friendly environment of organisation as well coordination
of team members for goal orientation is challenging task for the entity. Therefore, it is
recognised that all of these tasks are dependent on construction of apartment and succession of
project properly.
B) RISK MANAGEMENT
1) Project risks (Internal and external)
Internal risks: Internal risk are those issues which cause due to inadequacy in the
internal planning and unsystematic management of controllable tools. Construction project is
requires proper planning and if it is not there then project manager have to face these internal
risk (Simonsohn, Nelson and Simmons, 2016). Internal risk for the Harrowford & Sons company
in construction project are:
9
Inadequate resource and funds: It is considered as one of the major issue that can cause
difficulty in completing the project on time. Harrowford & Sons company is planning
setting up a luxury flat of 20 units of two and three-bedroom flats. For construction of
such as luxurious flats project manager requires huge funds and equipment. All physical
equipment that are used in construction are costly (Tarone, Gass and Cohen, 2013). There
are high chances that manager face issue related to funds and lack of resources. In this
condition individual will not be able to complete the project on time. Changes in business strategies: There are many investors who have invested their capital
in the construction project. If their internal business strategies get changed then project
manager will have to make modification in its planning (Argirova and Ivanov, 2015).
This will be time consuming process and individual will have to prepare team for the
same. This can cause issue of delay in completing the project. Lack of coordination among team members: Construction project requires effective
coordination among team members, if involved person are not able to communicate
properly then project manager will not be able to meet with the objective. Harrowford &
Sons company is planning for constructing luxurious flats and for that project manager
has to pay attention on clear communication. Otherwise, lack of coordination can cause
misunderstanding thus manager will not be able to achieve its target (Bonnal, 2012).
External risks: These are another type of risk which are caused due to changes in
external environment. It is beyond in the control of project manager and manager have to
deal with these external risks effectively. Description of external risks are as following: Governance risk: It is considered as one of the common but biggest risk for any project.
Government makes changes in law related to properties. It can increase tax rates and can
reduce prices of properties any time. In such cases construction of building requires more
funds (Demeulemeester, Kolisch and Salo, 2013). In this situation previous budget is not
enough for the project manager to complete the project on time. Market risk: It is another external risk, if market condition gets changed then investors
can be negative for investing amount in the construction project. If there is inflation then
consumers will not buy these luxurious flats. Thus, investors will not take interest in this
10
difficulty in completing the project on time. Harrowford & Sons company is planning
setting up a luxury flat of 20 units of two and three-bedroom flats. For construction of
such as luxurious flats project manager requires huge funds and equipment. All physical
equipment that are used in construction are costly (Tarone, Gass and Cohen, 2013). There
are high chances that manager face issue related to funds and lack of resources. In this
condition individual will not be able to complete the project on time. Changes in business strategies: There are many investors who have invested their capital
in the construction project. If their internal business strategies get changed then project
manager will have to make modification in its planning (Argirova and Ivanov, 2015).
This will be time consuming process and individual will have to prepare team for the
same. This can cause issue of delay in completing the project. Lack of coordination among team members: Construction project requires effective
coordination among team members, if involved person are not able to communicate
properly then project manager will not be able to meet with the objective. Harrowford &
Sons company is planning for constructing luxurious flats and for that project manager
has to pay attention on clear communication. Otherwise, lack of coordination can cause
misunderstanding thus manager will not be able to achieve its target (Bonnal, 2012).
External risks: These are another type of risk which are caused due to changes in
external environment. It is beyond in the control of project manager and manager have to
deal with these external risks effectively. Description of external risks are as following: Governance risk: It is considered as one of the common but biggest risk for any project.
Government makes changes in law related to properties. It can increase tax rates and can
reduce prices of properties any time. In such cases construction of building requires more
funds (Demeulemeester, Kolisch and Salo, 2013). In this situation previous budget is not
enough for the project manager to complete the project on time. Market risk: It is another external risk, if market condition gets changed then investors
can be negative for investing amount in the construction project. If there is inflation then
consumers will not buy these luxurious flats. Thus, investors will not take interest in this
10
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project. In such condition project manager will not be able to complete this project on
time.
Risk associated with external hazards: Occurred changes suddenly which are
uncontrollable as floods, storms, earthquakes, sabotage, terrorism, labour strikes, civil
unrest affect project adversely (Jiang and Klein, 2014). However, various kinds of risks
can be obtained for property development of Harrowford & Sons. In addition to this, due
to occurrence of these hazards, project may not get succeed and also affect surrounded
environment for the projection.
2) Risk assessments (Qualitatively and quantitatively)
Risks occurred in project can be assessed in the form of quantitative and qualitative that
affect succession for Harrowford & Sons regarding construction of apartment. It can be
understood as follows:
Qualitative risk assessment tools: These tools are considered as identifying positive and
negative aspects of project . Some the essential qualitative risk assessments are mentioned
below: SWOT analysis: It stands for strengths, weaknesses, opportunities and threats related to
project. In which, positive and negative both factors are analysed for project and
implementing plans for construction of apartment (Lippe and vom, 2016). In this regard,
capacities of organisation in terms of finance and team are identified for goal
accomplishment. Besides this, weaknesses are analysed to be reduced, opportunities to be
grabbed and upcoming threats to overcome. Overall, risks are assessed thoroughly,
among which some of them are controllable while remaining are beyond control. Historical data: It is time consuming and effective tool for risk assessment for analysing
organisation's performance and potential for further activities. In this regard, company's
historical data are analysed that generates various ideas for success of project and
managing it efficiently (Lloyd, French and Crawford, 2016).
Risk rating scales: In this process, rating on risks are set to be reduced and improving
activities' implementation. Therefore, scaling on all activities and occurred risks are set
by which proper assessment can be done for goal accomplishment.
11
time.
Risk associated with external hazards: Occurred changes suddenly which are
uncontrollable as floods, storms, earthquakes, sabotage, terrorism, labour strikes, civil
unrest affect project adversely (Jiang and Klein, 2014). However, various kinds of risks
can be obtained for property development of Harrowford & Sons. In addition to this, due
to occurrence of these hazards, project may not get succeed and also affect surrounded
environment for the projection.
2) Risk assessments (Qualitatively and quantitatively)
Risks occurred in project can be assessed in the form of quantitative and qualitative that
affect succession for Harrowford & Sons regarding construction of apartment. It can be
understood as follows:
Qualitative risk assessment tools: These tools are considered as identifying positive and
negative aspects of project . Some the essential qualitative risk assessments are mentioned
below: SWOT analysis: It stands for strengths, weaknesses, opportunities and threats related to
project. In which, positive and negative both factors are analysed for project and
implementing plans for construction of apartment (Lippe and vom, 2016). In this regard,
capacities of organisation in terms of finance and team are identified for goal
accomplishment. Besides this, weaknesses are analysed to be reduced, opportunities to be
grabbed and upcoming threats to overcome. Overall, risks are assessed thoroughly,
among which some of them are controllable while remaining are beyond control. Historical data: It is time consuming and effective tool for risk assessment for analysing
organisation's performance and potential for further activities. In this regard, company's
historical data are analysed that generates various ideas for success of project and
managing it efficiently (Lloyd, French and Crawford, 2016).
Risk rating scales: In this process, rating on risks are set to be reduced and improving
activities' implementation. Therefore, scaling on all activities and occurred risks are set
by which proper assessment can be done for goal accomplishment.
11
Quantitative risk assessment tools: Different tools are included for risk assessment
regarding projection for Harrowford & Sons (Mir and Pinnington, 2014). However, risks are
occurred in data form which remains suitable for the organisation can be understood as follows:
iQRAS: It stands for ITEMSOFT Quantitative risk assessment system from ItemSof by
which risks regarding project accomplishment are assessed. In this regard, by using this
system, variances in data as actual and expected can be recognised. Therefore, project
activities can be implemented successfully that affects construction of apartment for
Harrowford & Sons. Model Risk: It is risk analysis tool by measuring data and
information using excel sheet from Vose software. Thus, occurred risk can be reduced as
well proper planning can be implemented for success of project as well management of
all activities effectively (Morris, 2013).
Hence, above mentioned risk assessment tools are beneficial for effective project and
reaching out to set target effectively.
3) Risk register
Risk register is considered as a document containing different risks, their occurrence,
causes, impact on business operations and details. However, current performance of organisation
regarding its activities and forecasting for further operations can be created (Robichaud and
Anantatmula, 2011). In addition to this, by analysing risk register, risks occurred in business
operations are determined by which strategies can be prepared for reducing them. In this regard,
risk register for the project in context to occurred risks can be expressed as below:
Serial
number
Risk Description Probability
(a)
Impact (b) Score (a*b)
1 Scope Unclear scope and
vision towards
project and
strategies for its
implementation.
3 3 9
2 Time Mismanagement of
time for
3 4 12
12
regarding projection for Harrowford & Sons (Mir and Pinnington, 2014). However, risks are
occurred in data form which remains suitable for the organisation can be understood as follows:
iQRAS: It stands for ITEMSOFT Quantitative risk assessment system from ItemSof by
which risks regarding project accomplishment are assessed. In this regard, by using this
system, variances in data as actual and expected can be recognised. Therefore, project
activities can be implemented successfully that affects construction of apartment for
Harrowford & Sons. Model Risk: It is risk analysis tool by measuring data and
information using excel sheet from Vose software. Thus, occurred risk can be reduced as
well proper planning can be implemented for success of project as well management of
all activities effectively (Morris, 2013).
Hence, above mentioned risk assessment tools are beneficial for effective project and
reaching out to set target effectively.
3) Risk register
Risk register is considered as a document containing different risks, their occurrence,
causes, impact on business operations and details. However, current performance of organisation
regarding its activities and forecasting for further operations can be created (Robichaud and
Anantatmula, 2011). In addition to this, by analysing risk register, risks occurred in business
operations are determined by which strategies can be prepared for reducing them. In this regard,
risk register for the project in context to occurred risks can be expressed as below:
Serial
number
Risk Description Probability
(a)
Impact (b) Score (a*b)
1 Scope Unclear scope and
vision towards
project and
strategies for its
implementation.
3 3 9
2 Time Mismanagement of
time for
3 4 12
12
accomplishing
different tasks in
construction
process
3 Financial Inefficient fund for
purchasing raw
materials and cost
incurred on wages,
overhead etc.
4 5 20
4 People Lack of
coordination among
team members also
affects environment
of entity and project
activities.
4 5 20
5 Design Due to changes in
project planning,
design and structure
for project get
affected.
3 4 12
6 Communica
tion
Miscommunication
and
misunderstanding
among team
members towards
teamwork impacts
on project success
adversely.
4 4 16
13
different tasks in
construction
process
3 Financial Inefficient fund for
purchasing raw
materials and cost
incurred on wages,
overhead etc.
4 5 20
4 People Lack of
coordination among
team members also
affects environment
of entity and project
activities.
4 5 20
5 Design Due to changes in
project planning,
design and structure
for project get
affected.
3 4 12
6 Communica
tion
Miscommunication
and
misunderstanding
among team
members towards
teamwork impacts
on project success
adversely.
4 4 16
13
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7 Technologic
al
Changes in
technologies and
high cost on
technological
equipment distracts
project planning
and its success.
2 4 8
8 Environmen
tal
Due to occurrence
of natural
calamities like;
floods, earthquakes,
etc.
3 3 9
Above mentioned risks can be occurred in projection for construction of apartment for
Harrowford & Sons such as; financial resources inadequacy, miscommunication among team
members etc. It affects action plans and performance of workers for working in group. It is
considered that changes in technologies and environmental factors are considered as risks in goal
accomplishment (Ziek and Anderson, 2015). Including this, these risks are assessed for reducing
and creating bridge for effective projection and management of all action plans to be
implemented. Moreover, through preparing risk register, probability of upcoming risks can be
identified and its impact also in order to manage risk and reaching out to set goal efficiently.
Therefore, prepared risk register remains supportive for reducing the issues and achieving
success in process systematically.
4) Risk management table
This table represents ideas to solve out issues occurred in project and its succession. It is
able to allocate risks and fund adequately that affects project planning process (Bryman and Bell,
2014). However, different risks obtained in construction process can be reduced through
implementing strategies that are able to manage action plans effectively. For construction of
apartment for Harrowford & Sons, occurred risks can be understood as follows:
14
al
Changes in
technologies and
high cost on
technological
equipment distracts
project planning
and its success.
2 4 8
8 Environmen
tal
Due to occurrence
of natural
calamities like;
floods, earthquakes,
etc.
3 3 9
Above mentioned risks can be occurred in projection for construction of apartment for
Harrowford & Sons such as; financial resources inadequacy, miscommunication among team
members etc. It affects action plans and performance of workers for working in group. It is
considered that changes in technologies and environmental factors are considered as risks in goal
accomplishment (Ziek and Anderson, 2015). Including this, these risks are assessed for reducing
and creating bridge for effective projection and management of all action plans to be
implemented. Moreover, through preparing risk register, probability of upcoming risks can be
identified and its impact also in order to manage risk and reaching out to set goal efficiently.
Therefore, prepared risk register remains supportive for reducing the issues and achieving
success in process systematically.
4) Risk management table
This table represents ideas to solve out issues occurred in project and its succession. It is
able to allocate risks and fund adequately that affects project planning process (Bryman and Bell,
2014). However, different risks obtained in construction process can be reduced through
implementing strategies that are able to manage action plans effectively. For construction of
apartment for Harrowford & Sons, occurred risks can be understood as follows:
14
Risk Premitigati
on
probability
(a) (1-5)
Premitigation
impact (b) (1-
5)
Mitigation
strategy
Post
mitigation
probability
(c) (1-5)
Post mitigation
impact (d) (1-5)
Scope
(Vision
risk)
3 3 Clarify objectives
and strategies to
be followed on
for project
2 3
Time
(Scheduling
) risk
3 4 Setting time to
accomplish each
and every task of
the project
3 4
Financial
risk
4 5 Clarify incurred
expenses and
investment on
activities for
project.
2 3
People
(Human
resource)
risk
4 5 Presenting goal
among team
workers as well
segmenting work
according to their
abilities.
3 4
Design risk 3 4 Preparing
structural
framework of
tasks to be
accomplished in
2 3
15
on
probability
(a) (1-5)
Premitigation
impact (b) (1-
5)
Mitigation
strategy
Post
mitigation
probability
(c) (1-5)
Post mitigation
impact (d) (1-5)
Scope
(Vision
risk)
3 3 Clarify objectives
and strategies to
be followed on
for project
2 3
Time
(Scheduling
) risk
3 4 Setting time to
accomplish each
and every task of
the project
3 4
Financial
risk
4 5 Clarify incurred
expenses and
investment on
activities for
project.
2 3
People
(Human
resource)
risk
4 5 Presenting goal
among team
workers as well
segmenting work
according to their
abilities.
3 4
Design risk 3 4 Preparing
structural
framework of
tasks to be
accomplished in
2 3
15
steps
systematically.
Communic
ation risk
4 4 Team building
and distributing
work among
workers in pairs.
3 2
Technologi
cal risk
2 4 Setting all
techniques and
equipment to be
used in project
for construction
of apartment for
Harrowford &
Sons.
2 2
Environme
ntal risk
3 3 Creating back up
plans and
arrangement
according to
reducing
upcoming risks.
2 2
Through this risk register, it is identified that different risks can be obtained in
construction of Harrowford & Sons' apartment. For example; scope, time, people, technological,
environmental and so on. In this regard, rating on these risks pre-and post-mitigations are
analysed between 1 to 5. Including this, strategy to reduce risks are identified which are able to
succession of the project and management of all action plans efficiently (Dumay and Cai, 2015).
It remains helpful for systematic allocation of resources and fund as well performance
management of team members. Thus, on behalf of this risk register, action plans for project are
implemented regarding construction of flats for the company effectively.
16
systematically.
Communic
ation risk
4 4 Team building
and distributing
work among
workers in pairs.
3 2
Technologi
cal risk
2 4 Setting all
techniques and
equipment to be
used in project
for construction
of apartment for
Harrowford &
Sons.
2 2
Environme
ntal risk
3 3 Creating back up
plans and
arrangement
according to
reducing
upcoming risks.
2 2
Through this risk register, it is identified that different risks can be obtained in
construction of Harrowford & Sons' apartment. For example; scope, time, people, technological,
environmental and so on. In this regard, rating on these risks pre-and post-mitigations are
analysed between 1 to 5. Including this, strategy to reduce risks are identified which are able to
succession of the project and management of all action plans efficiently (Dumay and Cai, 2015).
It remains helpful for systematic allocation of resources and fund as well performance
management of team members. Thus, on behalf of this risk register, action plans for project are
implemented regarding construction of flats for the company effectively.
16
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5) Transition and contingency plan
Transition plan: It is a projected plan refers as an approach for managing risks occurred
in construction process as well helpful to create effective environment for the property company.
In this regard, various tools are used for assessment, planning to reduce them as well testing
systematically. However, it is useful for managing complex issues and multi-level problems for
project management and identifying all aspects effectively (Flick, 2015). Similarly, controlling
over different risks is possible through this process which influence the project planning and its
success. In addition to this, different activities are applied for project such as; strategic, tactical,
operational and so on for decreasing issues and improving quality services. Moreover, a
structural framework is prepared for project management and efficiency of its performance for
construction and getting succession in planning implementations. Under transition plan, different
phases are applied for project and risk management can be understood as below: Risk assessment: At first, several occurred risks are assessed in project process that
impacts on management of all activities. In this regard, financial, people, scope,
technological and various kinds of risks are identified (Gast and Ledford, 2014). By
which, further strategies are prepared to reduce them as well creating balance among
them efficiently. Thus, it is one of the essential step of risk management and achieving
set goal systematically. Solution design/ planning: On behalf of assessed risks, solutions to solve the issues are
obtained that impacts on project and its activities. For example; if there are inefficient
fund for purchasing resources and project activities then solution for fund allocation and
investments are implemented (Leary, 2016). Therefore, set project can be implemented as
well proper succession can be achieved through this process efficiently.
Testing (Evaluation): In this stage, solutions and stages which are converted into
implementation remains evaluated critically. By which, difference between actual and
expected performances can be obtained (Lushey and Munro, 2015). However,
management of all project activities is possible through this process and constructing new
apartment for Harrowford & Sons.
17
Transition plan: It is a projected plan refers as an approach for managing risks occurred
in construction process as well helpful to create effective environment for the property company.
In this regard, various tools are used for assessment, planning to reduce them as well testing
systematically. However, it is useful for managing complex issues and multi-level problems for
project management and identifying all aspects effectively (Flick, 2015). Similarly, controlling
over different risks is possible through this process which influence the project planning and its
success. In addition to this, different activities are applied for project such as; strategic, tactical,
operational and so on for decreasing issues and improving quality services. Moreover, a
structural framework is prepared for project management and efficiency of its performance for
construction and getting succession in planning implementations. Under transition plan, different
phases are applied for project and risk management can be understood as below: Risk assessment: At first, several occurred risks are assessed in project process that
impacts on management of all activities. In this regard, financial, people, scope,
technological and various kinds of risks are identified (Gast and Ledford, 2014). By
which, further strategies are prepared to reduce them as well creating balance among
them efficiently. Thus, it is one of the essential step of risk management and achieving
set goal systematically. Solution design/ planning: On behalf of assessed risks, solutions to solve the issues are
obtained that impacts on project and its activities. For example; if there are inefficient
fund for purchasing resources and project activities then solution for fund allocation and
investments are implemented (Leary, 2016). Therefore, set project can be implemented as
well proper succession can be achieved through this process efficiently.
Testing (Evaluation): In this stage, solutions and stages which are converted into
implementation remains evaluated critically. By which, difference between actual and
expected performances can be obtained (Lushey and Munro, 2015). However,
management of all project activities is possible through this process and constructing new
apartment for Harrowford & Sons.
17
Thus, by following the above-mentioned process, project can be made successful that
influences proper management of its activities. It remains helpful for success of project and
effectiveness of company regarding property development effectively.
Contingency plan: It is risk management plan for success of project under which entire
plan is devised into different segments to accomplish task efficiently (Mackey and Gass, 2015).
In order to this, all action plans are divided into different parts smartly to accomplish project
efficiently. However, work is also segmented among workers according to their abilities and
management of project's activities systematically. In addition to this, it is identified that
contingency plan is helpful for management of overall aspects for projection successfully
including finance, operations, HR and other tools. Moreover, it is useful for time management
and adequacy of resources for manufacturing and construction of apartment for Harrowford &
Sons. Along with this, proper structural framework for project accomplishment can be obtained
through this planning process. Thus, contingency plan and its application is crucial for proper
management of all action plans and reducing issues occurred during implementation and
management of all aspects effectively (Perner, Citerio and Joannidis, 2015).
Hence, transition and contingency plans are effective for project accomplishments and
management of all its activities properly. In this regard, risk management strategies are prepared
for accomplishing small goals in time in specific time period efficiently (Simonsohn, Nelson and
Simmons, 2016). Thus, project plans and all its activities can be implemented for success and
meeting determined goals.
6) Insurance considerations
Insurance is considered as protection from loss and managing risks in project
management and accomplishment of set goals. In this regard, for effective project, different
insurance facilities are provided for workers of the company such as; life, health, group
insurance etc. It is helpful for team members to saving their life and protecting towards financial
losses for property dealing entity. In addition to this, insurance facilities are also available for
Harrowford & Sons and its operations for protection from fire and other natural calamities.
Moreover, organisation also provides services to taking care of an individual by their insurance
also related to wages, salary, health and taking care of family as well (Bryman and Bell, 2014).
Thus, insurance for protection of an individual remains helpful for saving life and protection one
18
influences proper management of its activities. It remains helpful for success of project and
effectiveness of company regarding property development effectively.
Contingency plan: It is risk management plan for success of project under which entire
plan is devised into different segments to accomplish task efficiently (Mackey and Gass, 2015).
In order to this, all action plans are divided into different parts smartly to accomplish project
efficiently. However, work is also segmented among workers according to their abilities and
management of project's activities systematically. In addition to this, it is identified that
contingency plan is helpful for management of overall aspects for projection successfully
including finance, operations, HR and other tools. Moreover, it is useful for time management
and adequacy of resources for manufacturing and construction of apartment for Harrowford &
Sons. Along with this, proper structural framework for project accomplishment can be obtained
through this planning process. Thus, contingency plan and its application is crucial for proper
management of all action plans and reducing issues occurred during implementation and
management of all aspects effectively (Perner, Citerio and Joannidis, 2015).
Hence, transition and contingency plans are effective for project accomplishments and
management of all its activities properly. In this regard, risk management strategies are prepared
for accomplishing small goals in time in specific time period efficiently (Simonsohn, Nelson and
Simmons, 2016). Thus, project plans and all its activities can be implemented for success and
meeting determined goals.
6) Insurance considerations
Insurance is considered as protection from loss and managing risks in project
management and accomplishment of set goals. In this regard, for effective project, different
insurance facilities are provided for workers of the company such as; life, health, group
insurance etc. It is helpful for team members to saving their life and protecting towards financial
losses for property dealing entity. In addition to this, insurance facilities are also available for
Harrowford & Sons and its operations for protection from fire and other natural calamities.
Moreover, organisation also provides services to taking care of an individual by their insurance
also related to wages, salary, health and taking care of family as well (Bryman and Bell, 2014).
Thus, insurance for protection of an individual remains helpful for saving life and protection one
18
from losses. However, for construction and property dealing company, considerations of
insurances can be understood as follows:
Financial considerations: It is one of the essential consideration for Harrowford & Sons
to rescue from financial losses. In this regard, if company sets up captive then required
fund is identified as well occurred risks can be reduced regarding claims and capital
inadequacy. Including this, financial insurance remains helpful for organisation's welfare
and fulfilling its requirements according to circumstances (Ziek and Anderson, 2015).
Thus, it is recognised that for taking advantages of financial insurance, all processes and
liabilities for any organisation should read out clearly as well helpful for allocating fund
efficiently.
Health insurance: For providing health insurance facilities to company's workers, some
tools are required to be considered. For example; medication, insurance for treatments
and surgery of an individual, medical fitness as well protection of worker from any
disease and health issues (Lippe, and vom, 2016). Therefore, providing medicals and
update are required to be considered for health aid of any worker for protection and
saving their lives.
Life and general insurances: Except health insurance, Harrowford & Sons also provides
facility of life and general insurance that remains effective for protecting an individual's
life and taking care of them properly. In addition to this, facilities are provided regarding
saving lives as well for their family members (Jiang and Klein, 2014). Therefore, for this
insurance, all the aspects, instructions and time limitations on insurance are needed to be
considered that is effective to save up human life and creating protection from injury
efficiently.
Other insurances: Except all the above mentioned insurance considerations, different
other insurance facilities are provided such as; wages, salary, vehicle and so on.
However, some considerations are required to be insured for an individual's protection
and other factors. Thus, managing risks and taking care of property, assets and
infrastructure are possible through this insurance facility provided by Harrowford &
Sons.
19
insurances can be understood as follows:
Financial considerations: It is one of the essential consideration for Harrowford & Sons
to rescue from financial losses. In this regard, if company sets up captive then required
fund is identified as well occurred risks can be reduced regarding claims and capital
inadequacy. Including this, financial insurance remains helpful for organisation's welfare
and fulfilling its requirements according to circumstances (Ziek and Anderson, 2015).
Thus, it is recognised that for taking advantages of financial insurance, all processes and
liabilities for any organisation should read out clearly as well helpful for allocating fund
efficiently.
Health insurance: For providing health insurance facilities to company's workers, some
tools are required to be considered. For example; medication, insurance for treatments
and surgery of an individual, medical fitness as well protection of worker from any
disease and health issues (Lippe, and vom, 2016). Therefore, providing medicals and
update are required to be considered for health aid of any worker for protection and
saving their lives.
Life and general insurances: Except health insurance, Harrowford & Sons also provides
facility of life and general insurance that remains effective for protecting an individual's
life and taking care of them properly. In addition to this, facilities are provided regarding
saving lives as well for their family members (Jiang and Klein, 2014). Therefore, for this
insurance, all the aspects, instructions and time limitations on insurance are needed to be
considered that is effective to save up human life and creating protection from injury
efficiently.
Other insurances: Except all the above mentioned insurance considerations, different
other insurance facilities are provided such as; wages, salary, vehicle and so on.
However, some considerations are required to be insured for an individual's protection
and other factors. Thus, managing risks and taking care of property, assets and
infrastructure are possible through this insurance facility provided by Harrowford &
Sons.
19
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Thus, these considerations are required to be considered for protecting an individual's life
and rescue from losses. Including this, through these considerations, all workers of Harrowford
& Sons can be safe and secured (Lloyd, French and Crawford, 2016). Hence, all these insurances
and their considerations are able to reducing turnover issues and protecting company's property,
assets and its workers efficiently.
7) Discussion on emergency plans
For construction of new apartment for Harrowford & Sons, project and risk managers
identify various risks and plans to reduce them. For example; sudden changes in environment,
financial losses, turnover and other factors. However, emergency plans are made to reduce
suddenly obtained risks as well strategic ideas for company and its effectiveness. In this regard,
various strategies are prepared for implementation and decreasing sudden changes occurred in
the property development (Morris, 2013). As per analysing risk register, it is recognised that
different risks can be occurred in property development for Harrowford & Sons as; financial,
people, scope, technological etc. However, these risks can be obtained suddenly which is unable
for projection as of changes in environmental factors and mismanagement in implementation for
action plans. Including this, it is essential for company to prepare pre planned strategies
according to reducing risks and creating balances in activities for project management
effectively.
In accordance to this, emergency plans are essential to be prepared for property dealing
company regarding its expansion and increasing efficiency. Different aspects can be identified
for project management and reducing upcoming risks occurred in company (Demeulemeester,
Kolisch and Salo, 2013). Therefore, having back up plans and accomplishing tasks according to
time set and cost estimations. Moreover, various tools can be applied for project management
and risk management for people, company and innovation. Along with this, emergency plans for
accomplishing project tasks and proper management are needed to be solving out as well
reaching out set target effectively. Hence, emergency plans relating to building up apartment are
needed to be followed on to meet determined goals efficiently.
C) NEGOTIATION AND CONFLICT RESOLUTION
Negotiation refers as discussion between two or more parties to solve out issues and
creating peaceful environment of organisation. It is considered as conflict and dispute
20
and rescue from losses. Including this, through these considerations, all workers of Harrowford
& Sons can be safe and secured (Lloyd, French and Crawford, 2016). Hence, all these insurances
and their considerations are able to reducing turnover issues and protecting company's property,
assets and its workers efficiently.
7) Discussion on emergency plans
For construction of new apartment for Harrowford & Sons, project and risk managers
identify various risks and plans to reduce them. For example; sudden changes in environment,
financial losses, turnover and other factors. However, emergency plans are made to reduce
suddenly obtained risks as well strategic ideas for company and its effectiveness. In this regard,
various strategies are prepared for implementation and decreasing sudden changes occurred in
the property development (Morris, 2013). As per analysing risk register, it is recognised that
different risks can be occurred in property development for Harrowford & Sons as; financial,
people, scope, technological etc. However, these risks can be obtained suddenly which is unable
for projection as of changes in environmental factors and mismanagement in implementation for
action plans. Including this, it is essential for company to prepare pre planned strategies
according to reducing risks and creating balances in activities for project management
effectively.
In accordance to this, emergency plans are essential to be prepared for property dealing
company regarding its expansion and increasing efficiency. Different aspects can be identified
for project management and reducing upcoming risks occurred in company (Demeulemeester,
Kolisch and Salo, 2013). Therefore, having back up plans and accomplishing tasks according to
time set and cost estimations. Moreover, various tools can be applied for project management
and risk management for people, company and innovation. Along with this, emergency plans for
accomplishing project tasks and proper management are needed to be solving out as well
reaching out set target effectively. Hence, emergency plans relating to building up apartment are
needed to be followed on to meet determined goals efficiently.
C) NEGOTIATION AND CONFLICT RESOLUTION
Negotiation refers as discussion between two or more parties to solve out issues and
creating peaceful environment of organisation. It is considered as conflict and dispute
20
management technique for project management regarding coordination among team members
and reaching out to set target effectively (Argirova and Ivanov, 2015). In context to construction
of apartment for Harrowford & Sons, negotiation and conflict resolution method can be
understood with the help of following tools as:
1) Problem (Definition)
Negotiation is a kind of conflict resolution that impacts on project management and
environment of entity. In this regard, different solutions can be obtained for reducing disputes
affects communication and team building to accomplish tasks. Moreover, management of
activities for implementation regarding construction of apartment for Harrowford & Sons are
determined for project accomplishment. In addition to this, discussion on conflicts is created that
affects team building and working in a group (Jiang and Klein, 2014). However, for building up
apartment, occurred issues can be of financial, people, time and communication etc. In this way,
conflicts related to financial inadequacy, lack of coordination among team members can be
obtained. Moreover, it affects other aspects of project management such as; inefficient fund for
adopting new technologies, inexperienced workers to use machinery equipment,
misunderstanding for working in a group etc. Therefore, these kinds of issues are occurred in
project management for construction and further implementations. As per analysing all the
aspects, it is recognised that company faces issue in the organisation related to conflicts among
contributors of the project which is required to be managed and solving out (Mir and Pinnington,
2014). Thus, negotiation on this topic is to be created that affects project management and task
accomplishment process.
2) Responses from each of the parties involved
On conflict of projection for construction of apartment for Harrowford & Sons, parties
share their opinions differently. In this regard, reasons behind lack of coordination among team
members and technological issues are discussed. However, parties express that workers are not
so interested in working in group as well inexperienced workers do not perform their
performance so effectively. In this regard, several opinions of parties are obtained that impact on
team building and goal accomplishments (Bonnal, 2012). However, contract party express its
view that workers do not show their interest for working in group as well management of project
activities remains unable to be accomplished. In addition to this, it is recognised that there is
21
and reaching out to set target effectively (Argirova and Ivanov, 2015). In context to construction
of apartment for Harrowford & Sons, negotiation and conflict resolution method can be
understood with the help of following tools as:
1) Problem (Definition)
Negotiation is a kind of conflict resolution that impacts on project management and
environment of entity. In this regard, different solutions can be obtained for reducing disputes
affects communication and team building to accomplish tasks. Moreover, management of
activities for implementation regarding construction of apartment for Harrowford & Sons are
determined for project accomplishment. In addition to this, discussion on conflicts is created that
affects team building and working in a group (Jiang and Klein, 2014). However, for building up
apartment, occurred issues can be of financial, people, time and communication etc. In this way,
conflicts related to financial inadequacy, lack of coordination among team members can be
obtained. Moreover, it affects other aspects of project management such as; inefficient fund for
adopting new technologies, inexperienced workers to use machinery equipment,
misunderstanding for working in a group etc. Therefore, these kinds of issues are occurred in
project management for construction and further implementations. As per analysing all the
aspects, it is recognised that company faces issue in the organisation related to conflicts among
contributors of the project which is required to be managed and solving out (Mir and Pinnington,
2014). Thus, negotiation on this topic is to be created that affects project management and task
accomplishment process.
2) Responses from each of the parties involved
On conflict of projection for construction of apartment for Harrowford & Sons, parties
share their opinions differently. In this regard, reasons behind lack of coordination among team
members and technological issues are discussed. However, parties express that workers are not
so interested in working in group as well inexperienced workers do not perform their
performance so effectively. In this regard, several opinions of parties are obtained that impact on
team building and goal accomplishments (Bonnal, 2012). However, contract party express its
view that workers do not show their interest for working in group as well management of project
activities remains unable to be accomplished. In addition to this, it is recognised that there is
21
need of experienced workers who can contribute in projection efficiently as well having
technological knowledge to all workers is needed that impact on task accomplishment.
Therefore, according to this negotiation and discussion, it is considered that this conflict among
parties is necessary to be solved out for proper management of project and expansion of
Harrowford & Sons through property development.
3) Types of negotiation styles and adoption of adequate negotiation (With justification)
Negotiation is a type of conflict resolution that affects project accomplishment for
Harrowford & Sons to construct apartment. However, it can be done in different ways such as;
avoiding, accommodating, compromising, collaborating and competing. These all methods for
reducing disputes can be understood as below:
Avoiding: Conflict can be solved out through avoiding the occurred issue as let go the
problem and focusing on only accomplishing the task. It is able to reduce conflicts and
creating peaceful environment of the workplace (Robichaud, and Anantatmula, 2011). In
addition to this, contracting and parties views on defaults can be ignored that affects
projection and management of all aspects efficiently.
Accommodating: In this style of negotiation, other party's win is considered that affects
project management plan and different tasks. However, considering other party's win is
able to reduce conflicts and encouraging workers for team work efficiently
(Demeulemeester, Kolisch and Salo, 2013). Therefore, accommodating is also one of the
great method to solve out the issue and project accomplishment effectively.
Compromising: This negotiation style is related with considering both parties as win and
loss in situation. It is helpful to satisfy both parties with the conflict and sacrificing for
both parties efficiently. In this regard, negotiation for conflict resolution and reducing
issues. Thus, issue occurred in team related to workers' coordination in team building can
be solved out through compromising and considering loss from both parties as well to,
improve working efficiencies (Lloyd, French and Crawford, 2016). It will be beneficial
for project management and accomplishing task efficiently.
Collaborating: Through this conflict resolution method, oneself party win is considered
that impacts on project management. By analysing all aspects of projection including
22
technological knowledge to all workers is needed that impact on task accomplishment.
Therefore, according to this negotiation and discussion, it is considered that this conflict among
parties is necessary to be solved out for proper management of project and expansion of
Harrowford & Sons through property development.
3) Types of negotiation styles and adoption of adequate negotiation (With justification)
Negotiation is a type of conflict resolution that affects project accomplishment for
Harrowford & Sons to construct apartment. However, it can be done in different ways such as;
avoiding, accommodating, compromising, collaborating and competing. These all methods for
reducing disputes can be understood as below:
Avoiding: Conflict can be solved out through avoiding the occurred issue as let go the
problem and focusing on only accomplishing the task. It is able to reduce conflicts and
creating peaceful environment of the workplace (Robichaud, and Anantatmula, 2011). In
addition to this, contracting and parties views on defaults can be ignored that affects
projection and management of all aspects efficiently.
Accommodating: In this style of negotiation, other party's win is considered that affects
project management plan and different tasks. However, considering other party's win is
able to reduce conflicts and encouraging workers for team work efficiently
(Demeulemeester, Kolisch and Salo, 2013). Therefore, accommodating is also one of the
great method to solve out the issue and project accomplishment effectively.
Compromising: This negotiation style is related with considering both parties as win and
loss in situation. It is helpful to satisfy both parties with the conflict and sacrificing for
both parties efficiently. In this regard, negotiation for conflict resolution and reducing
issues. Thus, issue occurred in team related to workers' coordination in team building can
be solved out through compromising and considering loss from both parties as well to,
improve working efficiencies (Lloyd, French and Crawford, 2016). It will be beneficial
for project management and accomplishing task efficiently.
Collaborating: Through this conflict resolution method, oneself party win is considered
that impacts on project management. By analysing all aspects of projection including
22
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positive and negative impacts for construction of apartment is to be identified. In this
regard, collaborating style of negotiation is useful for solving out issue and creating
coordination among team workers to build team efficiently. Therefore, collaborating is
good method for project management and task accomplishment effectively.
Hence, it is recognised that conflict management is possible through applying above
mentioned tools for effective team building. In addition to this, according to situation, different
negotiation styles are used for solving out occurred issue (Bryman and Bell, 2014). However, for
construction of apartment for Harrowford & Sons, team building and effective coordination
among workers can be achieved through compromising and providing training teaming members
for using machinery equipment would be benefited. Therefore, for conflict management at
workplace, this method will be efficient for project management and task accomplishment
efficiently.
4) Steps taken in order to resolving the issue
The issue occurred in Harrowford & Sons for task accomplishment, following steps are to
be followed on can be understood as below:
Identifying the issue: At the initial stage, issues occurred in Harrowford & Sons are to
be analysed that affects team building and goal accomplishment (Project Management,
2016). Therefore, on the basis of this analysis, further strategies can be prepared for
balancing and reducing issues.
Strategic plans and decision making: In this process, different strategies are prepared
including plans and forecasting as well decision making (Stewart, 2015). However,
projection and various action plans can be made to be accomplished for task
accomplishment. Therefore, strategies are formulated for project management as well
segmentation of work among team members is presented.
Action plans and their implementations: After preparing strategies, all the action plans
are converted into implementations that affect goal accomplishment and project
management for Harrowford & Sons regarding property development. In order to this,
cost effectiveness and management of all tasks can be made efficiently. Thus, project
23
regard, collaborating style of negotiation is useful for solving out issue and creating
coordination among team workers to build team efficiently. Therefore, collaborating is
good method for project management and task accomplishment effectively.
Hence, it is recognised that conflict management is possible through applying above
mentioned tools for effective team building. In addition to this, according to situation, different
negotiation styles are used for solving out occurred issue (Bryman and Bell, 2014). However, for
construction of apartment for Harrowford & Sons, team building and effective coordination
among workers can be achieved through compromising and providing training teaming members
for using machinery equipment would be benefited. Therefore, for conflict management at
workplace, this method will be efficient for project management and task accomplishment
efficiently.
4) Steps taken in order to resolving the issue
The issue occurred in Harrowford & Sons for task accomplishment, following steps are to
be followed on can be understood as below:
Identifying the issue: At the initial stage, issues occurred in Harrowford & Sons are to
be analysed that affects team building and goal accomplishment (Project Management,
2016). Therefore, on the basis of this analysis, further strategies can be prepared for
balancing and reducing issues.
Strategic plans and decision making: In this process, different strategies are prepared
including plans and forecasting as well decision making (Stewart, 2015). However,
projection and various action plans can be made to be accomplished for task
accomplishment. Therefore, strategies are formulated for project management as well
segmentation of work among team members is presented.
Action plans and their implementations: After preparing strategies, all the action plans
are converted into implementations that affect goal accomplishment and project
management for Harrowford & Sons regarding property development. In order to this,
cost effectiveness and management of all tasks can be made efficiently. Thus, project
23
management and task accomplishment can be succeed in this way for expansion of entity
and task accomplishment (Ziek and Anderson, 2015).
Performance evaluation: Overall, in the end, after completion of project, performance
of team workers and projection are identified. In addition to this, comparison between
actual and standard position is analysed that can be bridged. Similarly, as per
performance evaluation, different tools and quality features and all processes for project
management are determined. Thus, contract of building up apartment for Harrowford &
Sons can be analysed in all the ways for performance management and further project
planning.
Thus, by following on above mentioned all steps, it is recognised that issues occurred at
workplace regarding task accomplishments can be solved out. However, various tools can be
used for projection and creating effective environment of the entity (Mir and Pinnington, 2014).
Hence, negotiation of occurred issue can be done by following on these steps and management of
all activities are possible through this projection effectively.
CONCLUSION
It is concluded that construction of flat for Harrowford & Sons is possible through
effective project management and following on all its steps systematically. In this regard, time
scheduling and project planning is understood briefly for task accomplishment. Moreover,
several risks are recognised that usually come up in construction projects.. In addition to this,
complete structure for project management and reducing issues are identified that include
performance evaluation and reaching out to accomplished goals. However, different negotiation
styles to reduce conflicts as well managing them efficiently. Thus, significance of project
management and several aspects are expressed through this assignment.
24
and task accomplishment (Ziek and Anderson, 2015).
Performance evaluation: Overall, in the end, after completion of project, performance
of team workers and projection are identified. In addition to this, comparison between
actual and standard position is analysed that can be bridged. Similarly, as per
performance evaluation, different tools and quality features and all processes for project
management are determined. Thus, contract of building up apartment for Harrowford &
Sons can be analysed in all the ways for performance management and further project
planning.
Thus, by following on above mentioned all steps, it is recognised that issues occurred at
workplace regarding task accomplishments can be solved out. However, various tools can be
used for projection and creating effective environment of the entity (Mir and Pinnington, 2014).
Hence, negotiation of occurred issue can be done by following on these steps and management of
all activities are possible through this projection effectively.
CONCLUSION
It is concluded that construction of flat for Harrowford & Sons is possible through
effective project management and following on all its steps systematically. In this regard, time
scheduling and project planning is understood briefly for task accomplishment. Moreover,
several risks are recognised that usually come up in construction projects.. In addition to this,
complete structure for project management and reducing issues are identified that include
performance evaluation and reaching out to accomplished goals. However, different negotiation
styles to reduce conflicts as well managing them efficiently. Thus, significance of project
management and several aspects are expressed through this assignment.
24
REFERENCE
Books and JournalArgirova, A. & Ivanov, I. 2015, "CONTEMPORARY TRENDS IN
PROJECT MANAGEMENT", Novo Znanie. 78(6). pp. 12-20.
Bonnal, P. 2012, "Project Management", Construction Management and Economics. 3. pp 248-
250.
Bryman, A. and Bell, E., 2014. Research methodology: Business and management contexts.
Demeulemeester, E., Kolisch, R. and Salo, A. 2013, "Project management and scheduling",
Flexible Services and Manufacturing Journal. 7. pp.1-5.
Dumay, J. and Cai, L., 2015. Using content analysis as a research methodology for investigating
intellectual capital disclosure: a critique. Journal of Intellectual Capital, 67(1). pp.121-
155.
Flick, U., 2015. Introducing research methodology: A beginner's guide to doing a research
project. Sage.
Gast, D. L. and Ledford, J. R., 2014. Single case research methodology: Applications in special
education and behavioural sciences. Routledge.
Jiang, J.J. and Klein, G. 2014, "Special Section: IT Project Management", Journal of
Management Information Systems. 56. pp. 13-16.
Kolesnikova and et.al., 2015, "Ergodicity of project management system", Trudy Odesskogo
Politehničeskogo Universiteta, vol. 2015. 67. pp. 83-90.
Leary, M. R., 2016. Introduction to behavioural research methods. Pearson.
Lippe, S. and vom Brocke, J. 2016, "Situational Project Management for Collaborative Research
Projects: Situational Project Management", Project Management Journal. 79(5). pp. 76-
96.
Lloyd-Walker, B., French, E. and Crawford, L. 2016, "Rethinking researching project
management: Understanding the reality of project management careers", International
Journal of Managing Projects in Business. 56(6). pp. 903-930.
Lushey, C. J. and Munro, E. R., 2015. Participatory peer research methodology: An effective
method for obtaining young people’s perspectives on transitions from care to adulthood?
Qualitative Social Work. 67(4). pp.522-537.
Mackey, A. and Gass, S. M., 2015. Second language research: Methodology and design.
Routledge.
Mir, F.A. & Pinnington, A.H. 2014, "Exploring the value of project management: Linking
Project Management Performance and Project Success", International Journal of Project
Management. 67(5). pp. 202-217.
25
Books and JournalArgirova, A. & Ivanov, I. 2015, "CONTEMPORARY TRENDS IN
PROJECT MANAGEMENT", Novo Znanie. 78(6). pp. 12-20.
Bonnal, P. 2012, "Project Management", Construction Management and Economics. 3. pp 248-
250.
Bryman, A. and Bell, E., 2014. Research methodology: Business and management contexts.
Demeulemeester, E., Kolisch, R. and Salo, A. 2013, "Project management and scheduling",
Flexible Services and Manufacturing Journal. 7. pp.1-5.
Dumay, J. and Cai, L., 2015. Using content analysis as a research methodology for investigating
intellectual capital disclosure: a critique. Journal of Intellectual Capital, 67(1). pp.121-
155.
Flick, U., 2015. Introducing research methodology: A beginner's guide to doing a research
project. Sage.
Gast, D. L. and Ledford, J. R., 2014. Single case research methodology: Applications in special
education and behavioural sciences. Routledge.
Jiang, J.J. and Klein, G. 2014, "Special Section: IT Project Management", Journal of
Management Information Systems. 56. pp. 13-16.
Kolesnikova and et.al., 2015, "Ergodicity of project management system", Trudy Odesskogo
Politehničeskogo Universiteta, vol. 2015. 67. pp. 83-90.
Leary, M. R., 2016. Introduction to behavioural research methods. Pearson.
Lippe, S. and vom Brocke, J. 2016, "Situational Project Management for Collaborative Research
Projects: Situational Project Management", Project Management Journal. 79(5). pp. 76-
96.
Lloyd-Walker, B., French, E. and Crawford, L. 2016, "Rethinking researching project
management: Understanding the reality of project management careers", International
Journal of Managing Projects in Business. 56(6). pp. 903-930.
Lushey, C. J. and Munro, E. R., 2015. Participatory peer research methodology: An effective
method for obtaining young people’s perspectives on transitions from care to adulthood?
Qualitative Social Work. 67(4). pp.522-537.
Mackey, A. and Gass, S. M., 2015. Second language research: Methodology and design.
Routledge.
Mir, F.A. & Pinnington, A.H. 2014, "Exploring the value of project management: Linking
Project Management Performance and Project Success", International Journal of Project
Management. 67(5). pp. 202-217.
25
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