Engineering Project Management Assignment
Added on 2021-06-16
13 Pages2469 Words69 Views
Leadership ManagementProfessional Development
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Engineering Project Management 1Engineering Project ManagementStudent’s NameCourse CodeProfessorUniversity City Date
Engineering Project Management 21.Information Triangle for Project ManagementThe project management triangle is a tool that is employed by project managers to help them understand or in analysing the constraints that normally arise because of project execution and implementation. In general irrespective of the project size constraints will never fail. While there are numerous such project constrictions, which does not mean that it should be an obstacle for the success of executing the project as well as for the effective and efficient process of making decision (Abuwarda, and Hegazy, 2016). As a result, there are three key interdependent constrictions in any project: these are cost, time, scope; what is referred to as Project Management Triangle. Components of the Project Management TriangleThe project management triangle entails three major elements cost, time and scope ofthe project. Time: A project activity can either take a short or longer period to achieve. To achieve a project task it depends on several aspects such the number of individuals working on a project, their skills as well as experience (Leach, 2014). Accordingly, time is an essential necessity that is uncontrollable, however failure to achieve the project’s deadlines can lead to adverse effects. The main reason for failure to attain the project deadlines is because lack of assets. Cost: Cost is imperious both to the side of the project leaders as well the company to have an approximate charge when conducting a task. Resources play a significant role in ensuring thatthe project being developed meets the initially specified costs (Hu, Cui, and Demeulemeester,2015). However, in some cases project supervisors and clients do come up with changes in the course of the project which makes it difficult for the project managers. As a result, the
Engineering Project Management 3project manager has to allocate extra resources so that to be in apposition to realize the deadlines but this comes with a penalty for the inconvenience of the additional project costs. Scope: The scope is mainly concerned with the outcomes of the project carry out. Therefore, it comprises a list of deliverables that have to be considered by the project managers and theirteams. Quality: Despite the fact that superiority is not part of the project management triangle, it is the ultimate gaol of each deliverable. That is the reason as to why the project management triangle representation advocates for quality. Phases of Project ManagementA project goes through several stages during its life cycle as highlighted below:Definition of the project: project definition refers to the description of the project objectives as well as the various factors that are supposed to be put under consideration in order to makea project successful (Newton, 2016). Initialization of the project: It refers to the planning in addition to the resources that are figured out before the commencement of the project. Project planning: Project planning highlights the project’s plan that is the manner in which the project should be carried out. At the time of project planning, project management triangle play a critical role thus it is very much vital at this phase (Heagney, 2016). The project management triangle figures out the time, cost, as well the project’s scope. Project execution: Project execution involves putting the project into application to see to it that it is in the position of delivering the projected project requirements. Project monitoring and control: This stages entails making the necessary measures so as to make sure that the project operations run in a smooth manner as initially desired.
Engineering Project Management 4Project closure: Project closure comes in after the project has attained all the anticipated deliverables. Therefore, it is at this phase that that the project deliverables are accepted and atthe same time when the project’s resources are discontinued from running. 2.Project crashing to meet the Project DeadlineProject delays are a characteristically part of any project. Project delays happens as a result of inadequate communication, poor planning, changes in the course of scope of project and diminishing resources (Sears, Sears, Clough, Rounds, and Segner, 2015). Furthermore, project delays can also be due to the project team’s poor morale. In case of a project delay, project managers are supposed to apply the idea of project crashing so that the project does not go past the initial specified time. To achieve this, project crashing has to be factored in with the intent to minimize and shorted the project period by reducing on the time of either one or more critical project activities than it its normal activity time. Project Crashing StepsUnderstanding the critical path of the project and then calculating the expected time needed to accomplish the project.Identification of the critical events with the least cost rise and then making a calculation of the crash cost for all the practices using the following formula. Crash Cost per unit = (Crash Cost) – (Normal Cost) / (Normal Time – Crash Time)Once the crash cost is calculated, the project manager then chooses the project activities on the critical path that has the least cost slope or that have the least crash cost and crash this activities to the minimum amongst all the events till the desired crash time is attained. Reduction of the activity time of the event until it reach the crash time. How to mitigate the Problem of Project Delay in Project Management
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