Evaluation of Debenhams Project Report 2022

Running Head: EVALUATION OF DEBENHAMS PROJECT
Evaluation of Debenhams Project
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EVALUATION OF DEBENHAMS PROJECT1
Abstract
The report is made in order to devise project management framework for Debenhams closure of
store front around United Kingdom. The project management methodology used for conducting
the entire process is Project Management Body of Knowledge (PMBoK), which has different
project management principles and methodologies. Successive identification of potential risks
involved in closing a store include informing the associate stakeholders, employees in the store
as well as project board members. PMBoK methodology is perfect for this operation due to the
provision of task division based on deliverables of a specific task. The project management
procedure is customizable based on project demand, which makes it appropriate for this venture.

EVALUATION OF DEBENHAMS PROJECT2
Table of Contents
1.0 Introduction................................................................................................................................3
2.0 Evaluation of Project Management Methodology.....................................................................3
2.1 Stages of PMBoK..................................................................................................................3
2.2 Processes of PMBoK.............................................................................................................5
2.3 Roles in PMBoK....................................................................................................................6
2.4 PMBoK Documentation Methodologies...............................................................................7
3.0 Analysis of Debenhams Project with PMBoK..........................................................................8
3.1 Launching of CVA................................................................................................................8
3.2 Closure of Stores....................................................................................................................9
3.3 Risk Assessment....................................................................................................................9
3.4 Improving Trading Procedure................................................................................................9
4.0 Recommendation.....................................................................................................................10
5.0 Conclusion...............................................................................................................................10
6.0 References................................................................................................................................11
7.0 Bibliography............................................................................................................................12
8.0 Appendix..................................................................................................................................13

EVALUATION OF DEBENHAMS PROJECT3
1.0 Introduction
Project management is a sequential process, which is used to conduct operations in a
seamless and timely manner. There are certain aspects related to project management, which can
be summarized for application of processes, methodologies and tools to identify the requirements
of a project. According to Project Management Institute (PMI) a guidebook, which is PMBOK
(Project Management Body of Knowledge) is used for identification of various stages involved
in project management procedures. Different stages of project management include initiating,
plan, executing, monitoring and controlling and project closing.
Debenhams is a multinational brand having departmental stores across United Kingdom
as well as in countries like Ireland and Denmark, where it has franchise stores (Marcelino-
Sádaba et al., 2014). The franchise is planning on closing near about 22 stores that will have
direct impact on 1200 employees working as full-time employees on these stores. However, the
company is providing a Company Voluntary Arrangement (CVA) to keep business ongoing for
the stores until early 2020. The company is planning on restructuring business processes across
all stores to create a better future for the organization (Hornstein, 2015). The report is done to
device an effective project management strategy for Debenhams store closure procedure using
PMBoK methodology to analyze the requirements as well as outcome of the entire project by
implementing various mechanisms detailed in this project management methodology following
the PMBOK guidebook for instructions.
2.0 Evaluation of Project Management Methodology
Project Management Body of Knowledge is a project management methodology that
helps in effective and efficient execution of a project. This management methodology is mostly
used by projects undertaken by the government, however private sector including retail
industries are also adopting this procedure to create a framework for successfully executing a
project (Silvius and Schipper, 2014). This management methodology is available freely to be
used by organizations due to which it has garnered a lot of attention.
2.1 Stages of PMBoK
The stages describes a comprehensive approach, which when adopted to the working
structuring in an organization yields a positive impact on the project deliverables.