Managing Project

This document provides an overview of project management, including the key characteristics of a project, the five stages of project management, the impact of a good and bad team, the importance of project management knowledge areas, the attributes of a project manager, and the benefits of using a network diagram. The document also includes a case study on The Pandemic project, focusing on the installation of IT infrastructure.

Managing Project

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1. Define the key characteristics of any project.....................................................................1
1b. Briefly explain the reasons why many projects fail and runs over budget.......................1
2. Briefly describe each of the Five Stages in Project Management and discuss in...............1
3. Briefly discuss the impact a good and a bad Team may have in terms of achieving and
managing project goals...........................................................................................................2
4. List the nine (9) knowledge areas in Project Management and briefly explain the
importance of any two of them...............................................................................................2
5. List five attributes or characteristics of a project Manager and briefly discuss any two of the
attributes and give reasons why each is important.................................................................3
6. What are some of the benefits of using a network diagram Briefly discuss two and draw the
network diagram below show and calculate the critical path.................................................3
TASK 2............................................................................................................................................4
Overview of the project..........................................................................................................4
Life cycle of the project..........................................................................................................5
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Project management can be describe as the framework which the consist of different
methodologies, structures, techniques, skills along with experiences in order to successfully
accomplish desired objectives. There are different activities and task of the project that should be
managed in order to successfully and effectively carry out project. This report is based on case
research of “The Pandemic ”. This is a established in London's Dockland area and it is active in
installation, checking and commission of IT along with the communication structures. This
report includes two parts which consist of comprehensive details on the installation of the project
of IT infrastructure.
TASK 1
1. Define the key characteristics of any project.
 There are the many different concepts and features involve in project, given below.
 It design specifically for the customer by analysing them, so that it can be helpful to
provide quality product and services.
 The managing projects are temporary in nature.
 It involves the different sets of requirements which has to be done in at given time.
 Its a done by formatting all the function in appropriate manner.
 Every projects of organisation is made of the combination of different goals which
which has to be done by given dead line.
1b. Briefly explain the reasons why many projects fail and runs over budget.
 mostly project fails and runs over the budget because of lake of knowledge related to the
cost and time management, if the project is not running in flow with time than it will not
complete with deadline of project, and in other hand improper management of money
using in project and if once cost get over budget than it will results towards the
disappointment.
2. Briefly describe each of the Five Stages in Project Management and discuss in
few words the benefits of managing projects in a well-structured manner.
 The five stages of project management are, initiation, planning, execution, performance
monitoring, project closing.
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 Initiation is first stage where goals and objectives are set broad level. Involve research
part related to the business.
 Planing this stage involve step by step planing and selection of task, techniques use for it
is S.M.A.R.T gaols.
 Execution involves application of plains and starting of task in right way.
 Monitoring of project to ensure the right flow of work, in time with the right budgets.
 Closing of project is the final step where the achievement of goals is done.
 Management of work in flow gives the appropriate result.
3. Briefly discuss the impact a good and a bad Team may have in terms of achieving and
managing project goals.
 Team work with energy and interest towards the work is important and manger should
inspiring and motivating, it important to make team motivated and inventive, so that they
can work in effective manner and helps in accomplishment of goals in time. Some time
there is bad impact of workers in achievement of goals, as workers are key towards the
success, their efforts and hard work is important. But demotivation and some personal
problems of workers related to the organisation lead towards decreased energy of
workers finally effect the flow of project.
4. List the nine (9) knowledge areas in Project Management and briefly explain the importance
of any two of them
 The nine knowledge areas of project management are, project integration management,
project scope management, project time management, project cost management, projects
human resource management, communication management, risk management,
procurement management. And brief example of two of them are given below.
 Project time management: it is one of the most important knowledge area of project
management which has to mange in effective way. Its a challenging area for the project
manager, its a responsibility of manager to accomplished the project and task with in the
given deadline, and for completing this area manger need to focus on the other stage-
management activities related to it. And those activities are sequencing, scheduling, of
different functions, availability of resources at time etc.
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 cost management: it is important to mange the cost of project to prevent the failure, cost
invested on project define the success and failure of organisation. So it is important to
learn the art of budget management by the use of different to tools and techniques.
5. List five attributes or characteristics of a project Manager and briefly discuss any two of the
attributes and give reasons why each is important.
 The five characteristics of project manager, Leading quality,communication skills,
innovative, team work skills, delegation skills, integrity, inspiring.
 Delegation: this characteristics is abut the ability of manager and their team to take
responsibilities and different authority. It is known as the changing of authority from one
person to other. Leader should be able to differentiate task and authority for their team,
and for work accomplishment.
 Communication skill: manager should be communicative and understanding, it is
important because for the batter result it is necessary to inform, analyse and understand
the the different function as well as the understanding of others point of view related to
the gaols.
6. What are some of the benefits of using a network diagram Briefly discuss two and draw the
network diagram below show and calculate the critical path.
 Network diagram in project management is involve for the tracking of project from
starting to the end. It is easy to understand because of graphical representation. Its
benefits are effective plaining, organized and control functioning, elaborated workflow,
analysis of opportunities, project development.
 Aids in the time justification: it helps in the right work flow with time, and aid to
estimation time of project, helps in the computerised analysis.
 Shows interdependency of activities: helps is in the step by step accomplishment of
project on the basis of work priority.
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TASK 2
Overview of the project
It the given project is related to development of latest infrastructure centres within
present scenario as it is named as The Pandemic Centre. In addition to this, for managing all
project operations as well as responsibilities there is requirements of proper plan necessary.
Moreover, project administrator have several duties as well as task within given time period for
overseeing implementation of all related project task in appropriate manner. Along with this, all
the project and activities ought to be done in the period which has been decided already. Thus,
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while implementation of any plan no challenges or issues should be encountered by leader who
is managing project.
This present project is focusing on building Pandemic Centre and Docklands
Communication Limited which is entrusted to that same project. In addition to this, for
completing entire project operations there is sum budget of twenty thousand pounds.
Furthermore, target for completing project is Sixteen months as well as this timeline is set for
attempting better finish the operations of project within appropriate manner.
Life cycle of the project
Life cycle of the project refer as the process that includes initiation, planning,
implementation as well as closure of the project. This includes different practices and task that
should be consider by project manager in order to successfully and effectively conduct required
practices. Life cycle of the project includes different steps for working project activities in
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significant manner. There are different task and practices that are included in life cycle project
which are mentioned below in context of Pandemic Centre is mention below -
Initiation – This is the consider as the first step of project management process and in
this activities of managing project will start. In this step of project management cycle, project
manager is responsible for documentation of different aspects that are needed for project.
Initiation step of project management includes determining different activities and practices that
are included to successfully carry out project practices. In this stage of project process project
manager is responsible for identifying the different task as well as how to perform it. In this
situation, project management practices is related to building new London conference centre
hall. IT computers is significant for enhancing connectivity with in different task of the project.
In this step of project management includes different aspects related to tools needed for
successfully carry out practices. Apart from this project manager will determine the estimated
budget which will be required to correctly and accurately conducting project practices.
In this step, different stakeholders related to project management has been analysed.
Stakeholder lead to have significant impact on effective and efficient functioning of the project
and it will lead to influence on overall performance of project management practices. The major
stakeholders that are related to project manager includes owner of business, project manager,
clients, government, workers as well as other individual that are associated with project
management practices. During the phase of project management, it is responsibility of project
manager to identify and determine different issues and problems related to business.
Planning - This is the second phase of project management plan and in this phase
project manager will plan and determining different ways or approaches to carry out practices. It
is essential for identify and analysing various ways to performing different practices as well as
conducting task in better manner. In this project manager will assist in creating outline of the
task, activities, dependencies along with time frames to perform different task in more accurate
and appropriate manner. Planning stage of the project management is very crucial for
successfully performance of the project along with accomplishing desired goals. Project manager
will correctly organise project task and assigning objectives to the employees of project
management team.
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Objectives – Priorities of project has to be transparent as well as static for each and every
individual team members for attracting focus in relation of project progression. There are some
objective of above mention project whose main goals are mention below :-
 Facilities should be quality for every meeting area to be mounted.
 CCTV cameras mount is neutral position in that all actions has been tracked through
consumers.
 The provision of up-to - date advertising as well as booking infrastructure related
services.
 Make sure that Information Technology facilities are mainly built in regions. Just like a
phone in the conference room is required.
Timescale
It is other step of life cycle of the project that is linked to the project at a specific amount of
time. Finally every project has some fixed duration depending on the existence as well as scale
of project. Suppose if the project is longer than projected duration, the level of project would also
be raise if it is completed in short duration of time. Like '' The Pandemic Centre” project above,
the expected project completion time are not more than sixteen months. At that specific point of
time, the director of the project cannot wait.
Approaches
Applying a new strategy is the aspect in which the performance of the report is depends
because it become easier for managers to complete the report easily if appropriate strategy is
created before starting a assignment. As in the above case, it is important that company rely on
clear strategy that lowers the buying cost of equipment to the lowest. It is because the purchase
of required machinery would set up to 92% of costing. Planner should trust on the plans that
reduces the cost 0f project.
Budget: This is consider as an appropriate cost of any mission of operation. This is tough for
project manager to achieve the set project in the success manner of the project. The real expenses
of project should not be increase than the budget. As per budget cost of every operation is
defined. In the above project, the respective budget covers various information as these are
express as follows.
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The above table reflects that £152,000 is the average cost of the project. Another aspect
that the leader has to take into account is that the cost of buying is higher. The respective factor
would be stressed by the project in charge as set out in the aforesaid finance schedule as the cost
of project must be managed.
Key staff
On the basis of skills as well as level of worker the success of project is depends. It
would be explain like that if individuals are well skilled and highly qualified , the responsibilities
and jobs are delegate by the highly qualified managers. On assignment forms and priorities focus
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is made on recruitment of employee. Like from the above task installation of various Information
technological gadget in a conference room There is requirement of skilled ,experienced and
well trained employees for the purpose of installation of equipment. This is because if unskilled
and untrained workers are deal with the installation there is great chance of defects and also they
require lot of time to complete their task of installing. So eligible and most suitable person is to
appointed or chosen to perform the task.
Execution
The project plan must be execute by the project manager by using higher force at this
level. Different duties are perform by [project manager and all their work have to be handled.
The coordination of work is to be cone and ensure that the task is to be performing according to
compliance with the original time table. Every member of the team should be advised by project
manager to meet priorities and objectives as per position and obligation.
Work breakdown structure
Control – It is consider as crucial factor for a project manager or leader while conducting
operations related to project on the basis of how several initiatives as well as operations can be
supervised properly. On the other hand project manager or leader could not wrap up project work
in a specific or given time duration and budget; it is so because there is inadequate oversight over
the several process. In this main issue is to determine that several aspects related to project are
properly controlled as well as manager will gain predetermined consideration which will affect
the project objective or goal.
Risk analysis – The main risk which is related to project is based on monetary or non monetary
aspects or liabilities. It is generally determined as the supporting parameter of the project as if
this condition is not fulfilled then it leads to failure of project. Due to this several circumstances
can take place such as pause in completing project, enhance in cost of project, project goal not
attain and many more. In order to understand risk as well as overcome it properly a project
manager need to conduct risk analysis. It is so because through that they understand risk,
determine its impact, and develop strategies and so on. The risk analysis based on the issues of
conference hall is given below:
Risk Category of
the risk
Possibility of
occurrence
of the risk
Impact of
the risk
(Out of 5; 5
Causes Mitigation
strategies
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(Out of 5; 5
being high
likely
occurrence)
being high
impact)
Huge cost Finance-
related
4 5 It is related to
spike in price
of computer
as well as
demand of
surveillance
camera.
Respective
types of risk
can be
overcome
through
acquiring
equipments if
there is low
demand.
Delay in
completing
the project
Operations-
related
3 5 This will
generally
occur due to
unskilled or
inexperienced
employees
who are
assembling
devices.
Respective risk
can be
overcome or
handle by
hiring skilled
staffs as well as
provide them
proper training
for assembling
devices.
Accident
take place on
site
Human
resource-
concerned
1 4 The
respective
risk will
occur when
manager not
able to
control
several
This risk can
be overcome
by ensuring all
health and
safety
measures are
implemented
properly at the
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practices
while
conducting
project.
project site.
Problem
related to
automation
Technological-
related
4 3 This risk can
be take place
due to less
educated
workforce,
budget and so
on.
In order to
overcome it
manger must
hire more
effective,
creative as well
as adaptive
staffs.
Closure – This is venture's last point under which the cycle is closed as the needs and targets are
accomplished. This point is added where the undertaking is finished in a given timetable and the
assessed costs in circumstance of particular task. This tests if venture is powerful at a specific
measure of period and expenses. This is venture administrator/pioneer's obligation to sort out the
purpose behind a task's deferral if venture isn't finished on schedule or cost. The presentation of
each undertaking member ought to be assessed at this stage just as its solidness in execution.
CONCLUSION
From the above report it have been concluded that there are different elements of the
project management process that needs to be managed in successful and effective manner. It is
essential that all task and practices of project is correctly performed in order to timely attain
desired goals. Project management practices are crucial in order to make sure the administrators
task are successfully completed with the project management practices. It is important that
project manager has required capabilities to carry out practices in significant manner. PID is
effective in correctly following project task with in desired time as well as accomplishing desired
goals. The project life cycle helps in construction of the program which includes different steps
and actions in order to timely and correctly perform project task as well as accomplish higher
revenues.
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REFERENCES
Books and Journals
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riding the waves of resilience. International Journal of Managing Projects in Business.
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Constraints.
Wu, Q., 2019. Shared leadership and team effectiveness: A social network analysis in the project
life cycle (Doctoral dissertation, National University of Ireland–Galway).
Marnewick, C. and Marnewick, A., 2019. Insights into managing project teams for Industry 4.0.
In Agile Approaches for Successfully Managing and Executing Projects in the Fourth
Industrial Revolution (pp. 99-118). IGI Global.
Edwards, P. J., Vaz Serra, P. and Edwards, M., 2020. Managing Project Risks. John Wiley.
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Megaprojects. PROJECT MANAGEMENT IN THE EMERGING WORLD OF
DISRUPTION, p.489.
Rowe, S. F., 2020. Project management for small projects. Berrett-Koehler Publishers.
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Conference (pp. 1-8). IEEE.
Hillson, D. and Simon, P., 2020. Practical project risk management: The ATOM methodology.
Berrett-Koehler Publishers.
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