Managing Projects

Managing Projects

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1. Key characteristics of any project......................................................................................1
1b. Importance of integration management in Project Management setting..........................2
2. Scope Statement for a project along with role of WBS in such a statement......................2
3. Approaches to generate a budget for a specific project budget..........................................3
4. Project risks and responses to overcome risks within project management settings.........3
5. Quality methods to ensure successful project completion.................................................4
6. Gantt Chart.........................................................................................................................4
TASK 2............................................................................................................................................5
Overview of project................................................................................................................5
Project life cycle stages..........................................................................................................5
Initiation.................................................................................................................................5
Planning..................................................................................................................................6
Objectives...............................................................................................................................6
Timescale................................................................................................................................6
Budget.....................................................................................................................................7
Execution................................................................................................................................7
Work break structure..............................................................................................................7
Control....................................................................................................................................8
Risk.........................................................................................................................................8
Closure..................................................................................................................................10
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Project management can be comprehensively said to be the process concerned with the
beginning, planning, execution, control and closure of a task in a given course of time for the
purpose of achievement of specific objectives (Mathiaszyk, Volkmann and Read, 2019). The
main responsibility associated with any project is of the project manager who assumes all the
accountability as well as the risks from the stage of initiation to closure. Each project has its own
set of characteristics but there are certain elements which are common to every project and these
are time, scope, budget, resources, planning, risk, etc.
The main intent of the current report is to summarise along with analyse the various elements
pertinent to a particular project. The report is divided into two main sections. The 1st section or
task talks about core characteristics of a project, project scope, risk assessment & management,
Gantt chart & critical path, methods of generating budget and quality management. In addition to
this, the 2nd part or task of the report is conducted over the project of Project- Xperts-20 (PX20)
for refurbishment of library, all the lecture theatre along with the class rooms situated in between
the ground floor and second floor within the boundaries of University of Sunderland London
Campus up to the minute learning campus. The second part includes stages of a project in
accordance with the application of Project Life Cycle. Further, it also consists of risks that may
arise during the execution of the project of Sun-Project 20X20.
TASK 1
1. Key characteristics of any project.
A project can be alluded to as a transient endeavour which has a certain beginning and
conclusion, and it is led for making of another item/administration/result or changing the
previous one. Each of the projects may have its particular arrangement of attributes; anyway
there are some key characteristics that are pertinent to all types of projects. Those key qualities
are quickly talked about as follows:-
Characterized Objectives: The entire project surrounds the pre characterized goals from the
earliest starting point as far as possible (Owusu, Chan and Shan, 2019). The goals set down in a
project will in general give a course of direction to the faculty that is indulged within carrying
out the project tasks.
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Fixed end point: As each of the projects has fixed beginnings and end points, it is supposed to
be a temporal course of action.
Vulnerability: A project is acknowledged to be inclusive of a few components of vulnerabilities
which pose the tasks to the likelihood of disappointment if not took care of in a viable way.
Cross functional relations: A project undertaking can be said to be the integration of various
activities which would in general require assistance from different functions pertinent to a
company. In this way, cross usefulness is a typical quality of a project endeavour.
1b. Importance of integration management in Project Management setting
Integration management can be comprehensively alluded to as a framework wherein all the
components pertinent to any project are coordinated, for example, cost, scope, assets, quality,
resource package, alterations, partners, plan and so on (Pollard, 2019). This is acknowledged to
be fundamental to every single project endeavour and sets out the establishment to
accomplishment of any project undertaking in pre defined course of time. Furthermore, the
significance linked to integration management in context of project management is uncovered as
underneath:-
 This guarantees the free and smoother functioning of any project undertaking.
 This gives pace to coordination and synchronisation over the life cycle pertinent to any
project undertaking.
 This guarantees legitimate arrangement of due date, result, project lifecycle etc.
 This guarantees that all of the project partners possess sound knowledge of their jobs
along with the obligations.
2. Scope Statement for a project along with role of WBS in such a statement
Scope Statement: The scope articulation within any project can be said to be the overview of a
project specialist's desires from project endeavour in the form of activity, objective, cost, course
of events and expectations. This encompasses the limits of any project undertaking which gives a
picture of the general method for directing a task along with its assessment, obligations of each
member of the project endeavour and so on (Miguel, Madria and Polancos, 2019).
WBS’s role within scope articulation: A WBS tends to provide help with characterizing the
scope of project by taking scope articulation and partitioning the significant deliverables of the
project endeavour into little just as reasonable arrangement of tasks or activities.
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