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Project Management for Marriott Construction Ltd

   

Added on  2023-01-07

20 Pages3744 Words100 Views
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Project management
Project Management for Marriott Construction Ltd_1

Table of Contents
1. INTRODUCTION ......................................................................................................................3
Business case .........................................................................................................................3
Business problem...............................................................................................................3
Benefits..............................................................................................................................3
Stakeholders analysis.........................................................................................................4
2. SMART objectives ......................................................................................................................9
Goals.......................................................................................................................................9
Objectives...............................................................................................................................9
3. Work breakdown structure...........................................................................................................9
Work Break down structure....................................................................................................9
Activity list...........................................................................................................................10
Risk register..........................................................................................................................10
4. Activity sequencing ..................................................................................................................13
Gantt chart............................................................................................................................13
Critical path..........................................................................................................................15
..............................................................................................................................................15
5. Budget modelling.......................................................................................................................15
Cost benefits analysis...........................................................................................................15
Budget analysis.....................................................................................................................15
Cash flow..............................................................................................................................16
6. Project execution challenges......................................................................................................17
CONCLUSION..............................................................................................................................17
REFERENCES .............................................................................................................................18
Project Management for Marriott Construction Ltd_2

1. INTRODUCTION
Project management is defined as accumulation of numerous practices which are related
to planning, controlling and performance of specific project in order to achieve goals in
appropriate manner. Execution of a project is totally dependent on project closing and
performance of various activities in which aim of the project is aligned so that to completion of
proposed project within ample time frame (Meredith and et. al., 2017). The prior objective of any
project is to accomplish high efficacy so that risk can be minimised and controlled as well in
order to handle prominent complexities as well. The following report is based on Marriott
Construction Ltd. The company is involved in providing friendly and high quality professional
building services. Marriott Construction Ltd is headquartered in London, UK. This report is
covering risk register by which elaboration of risks which are to be faced by the company in their
construction program is being enumerated. Along with this the report is explaining regarding
different stakeholders and their analysis so as to calculate interest of different stakeholders.
Business case
Business problem
The major problem which is faced by Marriott Construction Ltd is loosing of market
share and in order to deal with this problem company is coming up with a new construction site
in Scotland. On the other hand due to recession in market the company is facing problem in
maintaining their market image and this is the major reason that they are planning to initiate a
new site construction project.
Benefits
The major benefit of the this construction site is that the company will be able to attain
high customer base along with intensifying market size as well. Similar this new construction
project is helping the company in enhancing their market prominence which is advantageous for
Marriott Construction Ltd in order to sustain for long run
Project management plan
A project management plan is defined as a document which is formal in nature and
contains path way of the project in which various aspects are included. This plan is combination
Project Management for Marriott Construction Ltd_3

of various factors such as budget, time and deliverables by these aspects high control can be
exhibited in the project through out its execution. Project management plan is an action plan in
which overall journey of the project is enrolled by which pace can be given to the project. For a
construction project which is taking place in this report so as to execute the same in proficient
manner project management plan is highly useful for Marriott Construction Ltd. By taking help
of management plan in construction project high efficacy can be attained which is helpful in
minimising complexities in the business and project as well. A construction contract is related
with managing quality through out the project which leads in attaining business benefits for
Marriott Construction Ltd. There are various aspects of management plan which is elaborated as
under:
Stakeholders analysis
Stakeholders are defined as personnel who are having high interest in projects and
pertained with high impact with the project. These persons help the project to get succeeded by
which success can be attained. For a construction project their major stakeholders are suppliers,
resources, manager and government by which project activities can be carried out in effective
way. Stakeholder analysis is known as the process by which activities for stakeholders can be
managed and by which high efficacy can be attained within construction project. Stakeholder
analysis helps the project in designing various activities as according to their prominence. This
analysis helps the project to execute all the activities in easy manner. For determining interest of
each stakeholder this is necessary to examine their level of interest within project so that
construction contract can attain high success and quality as well (Kerzner, 2017). Marriott
Construction Ltd is a renowned organisation which are engaged constructing professional
buildings which are high in quality and standards. The company is keeping various stakeholders
such as staff, directors, suppliers, government and many more. The interest and relationship are
elaborated as under:
Stake holder's name Reason stating their
Interest
Whether they are in or
against Against
What is done to
manage them
Staff Staffs are having
high interest in the
project as these are
This project is providing
positive implications to
the staff by which they
The whole workforce
of Marriott
Construction Ltd is
Project Management for Marriott Construction Ltd_4

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