Leading Lean Projects: Implementing lean project management to build your dream home

Running head: LEADING LEAN PROJECTS
Assessment 1
Leading Lean Projects: Implementing lean project management to build your dream home
Name of the student:
Nam of the university:

1LEADING LEAN PROJECTS
1. Selection and explanation of project management process
From past 4 to 5 years the project management practices have shown huge level of
transformation. The landscape of project management is also changing daily therefore, while
implementing any construction project the supervisor needs to focus on detail development
process to be followed thoroughly throughout the development of the nominated project “build
your dream home”. Project management prcatices can be defined as an art that helps to direct
and coordinate team associates to make sure that the project team has reached the preliminarily
determined goals and objectives.
Among PMBOK and PRNCE2, for this dream home construction PRINCE project
processes are much effective and beneficial. If PRINCE2 process is successfully followed then,
the project supervisor and team members would be develop a clear and realistic project plan. It
will help to make the project objectives clearer and focused. The quality of project will be
effectively controlled and also all resources will be properly utilized if PRINCE2 process is
appropriately applied. Between PMBOK and PRINCE2 if, this process is used then, selection of
suburb, decision making on land size where the dream house will be constructed, best builder
selection would become specific and accurate.
a. Choose the suburb and land size
In order to construct the dream home the location selected is Leederville. This nominated
location is located three kilometer away from Perth’s CBD. Leederville is a trendy suburb area
where median house prices are ranged between $890,000 and $891,500. Besides this, the median
unit prices estimated as $525,000. Leederville gives education facilities for cent percent residents
and also close immediacy to parklands. Based on different factors such as school, park, transit,
nearest CDB these data are calculated (Conforto et al., 2016). For this calculation, the
“Australian statistical Geography standard 2016” is considered. The education and lifestyle of
residents are influenced with PRINCE2 process management processes and prcatices.
In order to design and construct the project “your dream house” the land size that has
been measured and purchased is 1.0 acre. The feasibility analysis report or cost estimated that the
price that the owner has to pay for purchasing the land is $350,000. Besides land purchasing the

2LEADING LEAN PROJECTS
other factors for which cost have been measured include sign a land contract with the land
developer in the price of AUD$2000 and sign a pre work construction contract with the land
developer in AUD$2000. The net budget estimated for construction of the dream house in
Leederville, Perth, Australia is $890,000. For construction of the dream house in Leederville
Perth, contractor and project manager need to contribute cent percent attention (Maru, 2015). It
is role of the contractor to consider labour safety, cost, time, drafting, decision making,
engineering and human resource management aspects. As soon as the project owner is become
ready to start the project, the owner needs to share detail project information to the project team
associates. The process of dream house construction starts with design blueprint layout, material
take off, bidding, negotiation and best construction business model selection and delivery.
b. Best builder selection
Before selection of the best suited builder different aspects are needed to be considered
and analyzed individually. Two dissimilar kinds of bidding procedures are accessible such as
open bidding and closed bidding. For this dream house construction project, the close bidding
process is chosen. In case of dream house construction project, the owners will invite and select
contractor group for sending their bids. This bidding process is applicable for private projects.
This is the reason why, for this dream house construction project closed bidding approach is
selected. Selection of project contractor is decided based on different other factors like low bid
selection; qualification based selection and best value selection. For this project the best value
selection is most suited approach because it gives a best combination of cost and skills as well
(Rexeisen, Owens & Garrison, 2018). After that, in order to negotiate payment agreement the
best contractor needs to be chosen. Different payment models are there such as- lump sum, unit
price, cost plus fees and guaranteed maximum price among these the most suitable contract type
has to be selected by the project owner. For this project, Lump sum is the best suited and
effective choice. The project contractor and owner need to come together to complete the project
in the assigned budget and time. Based on these factors and aspects the most suitable builder is
needed to be selected for the “your dream house construction project”.
The builder who is contracted for the “your dream house construction” project is “Dream
to Reality Construction”. After analyzing the previous projects of the builder it is determined that

3LEADING LEAN PROJECTS
this, if this project is handover to them they will make the project a successful reality with the
estimated time of 14 months and budget of $890,000 in Leederville.
c. Stakeholders
The stakeholder of the project are:
 Project supervisor
 Finance manager
 Architect
 Civil engineer
 Contractor
 Sub contractor
 Labours
2. Factors that will influence the design and layout of the dream house
a. Factors
It has been determined that there are different factors which impact either negatively or
positively the success and failure of any project. In other words, performance of any project is
dependent on different influencing factors. These factors are again classified into categories like
external factors, project related factors, project procedures, project management actions and
human related factors. It is duty of the builder, owner and contractor to make sure that all factors
are precisely analyzed. The different factors that will influence the design and layout of the
“Your dream house project”, are elaborated in the below section:
Communication system: Communication system is one of the most effective knowledge
areas that require major focus of the contractor, builders and project manager. In order to
accomplish successful interaction among project associates the best suited communication
standard that has to be followed by all is open informal communication (Hackler, Byse, Reed &
Alves, 2017). This communication approach will give an independent platform to the project
associates and make sure that they are all allowed in construction decision making.