Labuan Square Redevelopment Analysis Report

Running head: LABUAN SQUARE REDEVELOPMENT
Labuan Square Redevelopment
Name of Student
Name of University
Author Note

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LABUAN SQUARE REDEVELOPMENT
Table of Contents
Introduction..........................................................................................................................2
1. Project Parameters of LSR...............................................................................................2
1.1. Stakeholders..................................................................................................................3
1.2. Project Timeframe and Cost.........................................................................................5
1.3. Project Resource Procurement......................................................................................7
2. Project Management Practice or Methodology...............................................................7
2.1. Project Management Practice...................................................................................7
2.2. Project Methodology................................................................................................9
3. Appropriate Project Management Techniques or Tools..................................................9
4. Use of PMBOK Tools...................................................................................................12
Conclusion.........................................................................................................................13
References..........................................................................................................................15
Appendix (MS Project File)...............................................................................................18

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LABUAN SQUARE REDEVELOPMENT
Introduction
Identification of an appropriate project management technique is necessary to estimate
the impact of the same on success of projects (Meredith, Mantel Jr and Shafer 2017). The project
targets in developing a two-storey building capable of accommodating eight small offices and
two conference rooms. The report will be identifying the different project parameters linked with
the LSr projects, which include the stakeholders, time frames, and cost and project resources
procurement. The report further identifies the critical project management methodology that can
contribute to effectively managing the LSr project (Mok, Shen and Yang 2015). The choice of
appropriate tools and techniques that can contribute to the successful completion of the LSr
projects will be addressed in report in consideration to the ten core areas of PMBOK. The report
further discusses the process in which the proposed tools are used in LSr project life cycle.
The feasibility study of the undertaken project has already been completed and the
necessary permits for the demolition and the construction works are taken as well. However, it is
critical to develop a management report on basis of the project environment and a detailed plan
for the accomplishment of the LSr project. Accurate identification of the critical project
management tools is necessary to develop a feasible and working plan for the LSr project. The
Labuan Square is located at 3214 in Victoria and plan for the project should consider the
environmental impact of the demolition works on the project.
1. Project Parameters of LSR
Identifying the boundaries of a project or project parameters is necessary for getting a
detailed idea of the project goals, the key project phases, the scope and accountability of a
project. In the following sub sections, the basic project parameters linked with the LSr which

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LABUAN SQUARE REDEVELOPMENT
include the stakeholders, time frames, cost and project resource procurement are discussed in the
following sections.
1.1. Stakeholders
Stakeholders are defined as people who have interests in the successful implementation
of the system. They can be internal (employees, etc.) and external (donors, sponsors, suppliers,
government regulators, etc.) stakeholders (Eskerod and Jepsen 2016). The key stakeholders of
the undertaken LSr project, their interest in the project and the power of each stakeholders on the
LSr project are indicated in the following table-
Stakeholders Category Interest in the
Project
[measured on a
scale of 1 to 5]
Power/Influence on
the project
[measured on a
scale of 1 to 5]
Project Manager Internal Stakeholder 4 3
Client/ Shop Owners Internal 5 4
Contractor and Sub
contractors
External 3 3
Suppliers and
Vendors
External 3 3
Sponsor External 3 4
Superintendent,
Adam Krezel
External 4 3
Deputy External 5 3