Project Management Plan Part 1 Scope Time Cost

This project management plan covers the scope, time, and cost management of Heathrow Airport. It includes work breakdown structure, time management, cost management, and cost control and tracking.

Project Management
Plan

Table of Contents
MAIN BODY...................................................................................................................................1
Work Breakdown Structure.............................................................................................................1
Time Management...........................................................................................................................1
Defined Activities and Time Estimates..................................................................................2
Work Sequence (Work Flow Diagram)..................................................................................3
Project Schedule.....................................................................................................................3
Cost Management............................................................................................................................4
Cost Estimate Methodology...................................................................................................4
WBS Work Packages.............................................................................................................4
Indirect and overhead Costs...................................................................................................5
Contingency and Profits.........................................................................................................6
Total Project Cost Estimates..................................................................................................6
Cost Control and Tracking.....................................................................................................6
REFERENCES................................................................................................................................7

MAIN BODY
In context to Heathrow Airport, the milestones provide deeper and better understanding of
the overall project with the help of various tools, techniques and methods of the project life
cycle. The scope statement shows the project’s objectives and its boundaries in terms of its
milestones, budget and deliverables.
Work Breakdown Structure
The work breakdown structure is considered to be a management tool that comprises of a
step by step approach in order to complete the project with the use of several moving pieces
(Lee, J.Y. and Lee, S.W.H., 2018).
Time Management
Gantt chart is the most useful and powerful technique for showing the activities that is
performed against the time. This chart is basically representing a set of activities in which at the
left side it reflects the chart of a list of the activities and at the top it shows the time scale. In the
chart, there are bars that represent the activities that is done and the length of the bar shows the
duration of the whole activity.
1

Defined Activities and Time Estimates
Work Sequence (Work Flow Diagram)
2

Project Schedule
Network diagram refers to the representation in visual form of telecommunication or
computer. The networks are interconnected with each other such as routers, hubs, devices and
firewalls (Kumar, K., Zindani, D. and Davim, J.P., 2018). It helps in interaction and sharing of
information which can be used by organisation. Heathrow airport used network diagram so that
they can communicate with each other on regular basis which reduces the miss communication.
It can be logical or physical which maintain the proper flow of information. Logical networks are
connected through network layers and physical network connected with the help of hardware and
cables.
Advantages
 It offers an overall perspective of a project.
 It improvises the efficiency of the activity and helps in managing resources.
 It enables to track the tasks and work better.
Cost Management
Cost Estimate Methodology
In context to Heathrow Airport, the project life cycle basically comprises of the various
steps which are involved and are essential for the project managers to successfully run a project
from start to finish. Cost estimation methodology helps to identify the total costs for a given
project. The costs of Heathrow will include huge investments and finances that could be
understood from the given statistics.
3

WBS Work Packages
In context to project life cycle methods, techniques and tools helps in development of the
schedules. In context to Heathrow airport, it helps in management of the efforts, project time,
resources and cost of employees.
4

Indirect and overhead Costs
It basically comprises of the various costs incurred over closing, initiating, executing,
controlling and monitoring. In context to project life cycle, the entire process and methods helps
in controlling and monitoring entire project and overheads for effective cost management
(Sridhar, G.R., 2021).
Contingency and Profits
Total Project Cost Estimates
In addition to that, Cost management helps to identify each and every aspect of the project
costs and profits in an effective manner for the purpose to develop effective strategies.
5

Cost Control and Tracking
In context to organisation, the tools and techniques of project life cycle comprises of closure,
initiation, execution and planning for cost control and tracking. The best practices of the project
management help in reflection of the actual business costs and help to track overall finances.
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REFERENCES
Books and Journals
Lee, J.Y. and Lee, S.W.H., 2018. Telemedicine cost–effectiveness for diabetes management: a
systematic review. Diabetes technology & therapeutics, 20(7), pp.492-500.
Kumar, K., Zindani, D. and Davim, J.P., 2018. Virtual Manufacturing: Scope, Socio-economic
Aspects and Future Trends. In Advanced Machining and Manufacturing Processes (pp.
195-201). Springer, Cham.
Sridhar, G.R., 2021. Expanding scope of information technology in clinical care.
In Encyclopedia of Information Science and Technology, Fifth Edition (pp. 1888-1900).
IGI Global.
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