WEEK 4Project management is simply regarded as the application of necessary tools, techniques,skills and knowledge that will facilitate the project planner to achieve the set of decided projectgoals and objectives. PM is a disciplined system of initiation, planning, implementation,monitoring, controlling & closure phases (Gao, Chen and Shi, 2017). There are various kinds ofprojects that are carry out by different project planners such as construction work, technologicalproject i.e. new software development & installation etc. Every project suits differentmethodology such as agile, PRINCE2 and other. In today’s period, technological advancementand up gradation shows a faster changes so as to foster competitiveness and smoothen regularoperations. Therefore, in the current project, it is decided to design and install new software(Building Management system, BMS). It is a computerized technological system which can beinstalled in the buildings so as to keep track over the building functioning i.e. ventilation, powersystem, security, fire system and many others. The system integrates both software and hardwarethrough protocols C-bus, Profibus etc (Oti and et.al., 2016). The new software will facilitate thebuilding managers to implement a strong security system comprising access control, firesecurity, CCTV camera, illumination, elevators, lifts, \alarm monitoring, control panel andmotion detectors. With the help of such automotive system, building’s internal environment canbe effectively controlled and assure efficient energy consumption.Goal: The goal to develop BMS software is to establish sound internal operational control of thebuilding along with effective safety and security. 3
The planned project will derive the benefits of sound control management, effectivemonitoring over energy consumption, boost staff productivity, save time and many others. Beingan integrated platform, managers can also obtain automatically summarized reports and monitorthe usage of electricity, water and others so as to achieve the objectives of energy efficiency andsatisfy all building occupants. Gantt chart/Precedence diagramIt is a visualized presentation of the starting as well as ending date of each and everyactivity decided. It is one of the powerful project management tools that illustrates all theactivities along with the suitable time scale and reflect clearly the relationship among various4
planned activities (Heagney, 2016). The project is useful for tracking schedules and also presentspredecessor activity which needs to be completed prior before the current task. Critical pathIt represents the sequential tasks or stages so as to find out the minimum project durationthat the project will definitely take to complete. It is the longest time period but indicatesminimum possible duration in which entire project of BMS installation will be complete. 5
Critical path duration (CPD): Activities E + J + K + L + M= 2 +4 + 4 + 2 + 5 = 17 days The project will take the duration of 17 days to complete. All the tasks fall in critical pathhave zero slack or float therefore; project manager must overlook all theses so as to assure thatthese activities are not delayed. WEEK 5Estimating methods: Cost estimation is the process to determine the probable sum ofexpenditure that the new software development project will incur. Budget is simply a procedureof anticipating the expected cost to each activity or human resources required for the givenproject. The key goal of budget creation is to determine probable cost so that financial plan canbe designed accordingly (Oti and et.al., 2016). Cost baseline also facilitates managers in rightresource allocation, monitor actual performance against set targets and implement sound costcontrol mechanism. ItemsAmountProject manager2000Team members1200Developers1500Software license2500Software development2000Purchase hardware1200Server1000Networking700Cost of training9006
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