Renovation and Expansion of Custom Woodworking Company Facility
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This project management report focuses on the renovation and expansion of the current facility of Custom Woodworking Company (Tommy Ltd.) within a budget of 19 million and a timeline of 18 months. The report includes a work breakdown structure, time-phased budget, and activities involved in the project plan.
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Running head: PROJECT MANAGEMENT Renovation and expansion of the current facility of the company “Custom Woodworking Company (Tommy Ltd.)” Name of the Student Name of the University Author’s Note
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2 PROJECT MANAGEMENT 1.Project overview The paper mainly focuses on the organization “Custom Woodworking Company (Tommy Ltd.)” is one of the small to medium sized custom furniture organization that has its head office in one of the spacious plant sites at Industrial Estate. It is identified that the organizationgenerally gained reputation for itsattractivedesign as well as for well- constructed furniture by utilizing imported indigenous softwoods as well as hardwoods. The director of the company wants to expand their entire business so they want to focus on renovation as well as expansion of the current facility that is provided by the organization. It is identified that the entire project must be finished within 18 months by utilizing budget of around 19 million. 2. Project scope The project scope is categorized inti in-scope and out-scope. In-scope:The project in-scope are as follows: Renovation and expansion of the current facility of the company “Tommy Ltd” Adding production capacity as well as enhancing existing floor area Installing air-conditioning as well as finishing shop completion Renovating offices of president as well as vice-president Out-scope:The project out-scope are as follows: Information about project suppliers are not included within the project Training facility to the workers is excluded from the project
3 PROJECT MANAGEMENT 3.Work breakdown structure Work breakdown structure is one of the key project deliverables that generally organizes the entire work of the team into number of manageable sections. The project management body of knowledge generally helps in defining the WBS as one of the deliverable oriented hierarchical decomposition of the entire project work that is executed by the project team (Siami-Irdemoosa, Dindarloo & Sharifzadeh, 2015).WBS is mainly utilized within the projectforreducingthecomplicationswithintheprojectactivities.Thisisgenerally considered to be important for the entire project manager as they can be able to oversee the tasks much more effectively. The WBS for this project is provided in the table below:
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4 PROJECT MANAGEMENT Figure 1: WBS (Source: Created by Author) 4. Activities involved in project plan The activities that are involved within the project plan “renovation and expansion of the current facility of the company “Custom Woodworking Company (Tommy)” is provided in the table below. It is identified that in the initiation phase, the project manager involves in developing business case, undertaking feasibility study, establishing project charter as well as appointing project team members (Fleming & Koppelman, 2016).In the planning phase, the project manager engages in developing project plan, creating resource plan, developing financial plan as well as assists in creating communication plan. In the execution phase of the project, the activities that are executed includes adding production capacity, installing air- conditioning, utilizing dust pre-paint, finishing shop completion, enhancing existing floor area, finishing shop completion, additional compressor capacity as well as helps in renovating as well as developing the business capabilities (Binder, 2016).In addition to this, both hardware as well as software are installed within the project for renovating the offices. Moreover, in the closure phase of the project that stakeholder signs off the project and reviews the project for making sure that the entire project gets finished successfully as per the goals and objectives of the project (Todorovic et al., 2015). WBSTask NameDurationStartFinishPredecessorsResource NamesCost 0Renovation and expansion of the current 18 monsWed 20- 06- Tue 05-11- $ 19,000,000.00
5 PROJECT MANAGEMENT facility of the company “Custom Woodworking Company (Tommy Ltd.)” 1819 1 Initiation phase 0.25 mons Wed 20- 06- 18 Tue 26-06- 18 $ 340,000.00 1.1 Business case development 1 day Wed 20- 06- 18 Wed 20-06- 18 Project manager$ 90,000.00 1.2Undertaking feasibility study 2 days Thu 21- 06- 18 Fri 22-06- 18 2Financial manager$ 100,000.00 1.3 Project charter establishment 1 day Mon 25- 06- 18 Mon 25-06- 18 3Project planner$ 80,000.00 1.4Project team 1 dayTue 26- Tue 26-06- 4Project manager$ 70,000.00
6 PROJECT MANAGEMENT appointment 06- 18 18 1.5 Milestone 1: Completion of project initiation phase 0 days Tue 26- 06- 18 Tue 26-06- 18 5$ 0.00 2 Planning phase 0.75 mons Wed 27- 06- 18 Tue 17-07- 18 $ 660,000.00 2.1 Project plan development 2 days Wed 27- 06- 18 Thu 28-06- 18 5Project manager$ 90,000.00 2.2 Resource plan creation 2 days Fri 29- 06- 18 Mon 02-07- 18 8 Human resource manager $ 100,000.00 2.3 Financial plan development 3 days Tue 03- 07- 18 Thu 05-07- 18 9Financial manager$ 100,000.00 2.4Quality plan development 2 daysFri 06- 07- Mon 09-07- 10Project planner$ 100,000.00
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11 PROJECT MANAGEMENT 5. Time-phased budget Time phase budget helps in allowing the project managers in allocating costs for various activities of the project over the anticipated timeline so that the entire expenditure is planned in order to take place (Sequeira & Lopes, 2015).Time phase budget not only assists in uniting project schedule with the project with the project budget but it also helps in monitoring budget vs actual cost with the progress of the project for gaining clear insight into potential cost overruns. The time phase budget for renovating and expanding the business facility is provided in the table below: June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 $ 0.00 $ 200,000.00 $ 400,000.00 $ 600,000.00 $ 800,000.00 $ 1,000,000.00 $ 1,200,000.00 $ 1,400,000.00 $ 1,600,000.00 $ 1,800,000.00 $ 2,000,000.00 $ 480,000.00 $ 565,454.55 $ 1,081,212.12 $ 1,806,666.66 $ 833,333.34$ 855,555.56 $ 1,260,000.00 $ 1,431,111.11 $ 1,546,666.67 $ 1,651,111.11 $ 1,711,111.11 $ 1,309,777.78 $ 1,120,000.00 $ 1,440,592.59 $ 407,407.41$ 388,888.89 $ 991,111.11 $ 120,000.00 Time-phase budget Cost Figure 2: Time-phase budget (Source: Created by Author)
12 PROJECT MANAGEMENT References Bhattacharya, D. K. (2018, April). Continuous-discrete mathematical model for control of growth of a plant population in a given time period under a given budget. InModern Management Forum(Vol. 2, No. 2). Binder,J.(2016).Globalprojectmanagement:communication,collaborationand management across borders. Routledge. Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management. Project Management Institute. Kermanshachi, S., Anderson, S. D., Goodrum, P., & Taylor, T. R. (2017). Project Scoping ProcessModelDevelopmenttoAchieveOn-TimeandOn-BudgetDeliveryof Highway Projects.Transportation Research Record: Journal of the Transportation Research Board, (2630), 147-155. Sequeira, S., & Lopes, E. (2015). Simple Method Proposal for Cost Estimation from Work Breakdown Structure.Procedia Computer Science,64, 537-544. Siami-Irdemoosa, E., Dindarloo, S. R., & Sharifzadeh, M. (2015). Work breakdown structure (WBS) development for underground construction.Automation in Construction,58, 85-94. Todorović, M. L., Petrović, D. Č., Mihić, M. M., Obradović, V. L., & Bushuyev, S. D. (2015). Project success analysis framework: A knowledge-based approach in project management.International Journal of Project Management,33(4), 772-783.