Managing Projects

Managing Projects

INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
TASK 1............................................................................................................................................1
1. Key characteristics of any project............................................................................................1
2. What is the scope statement of an project and role of Work breakdown structure in this
statement......................................................................................................................................2
3. Approaches to generate budget for specific budget.................................................................2
4. Identify four type of risk in project management setting........................................................3
5. Identify the quality method which...........................................................................................3
6. Produce Gantt chart and identify the critical path...................................................................4
TASK 2............................................................................................................................................5
1. Project Life Cycle stages.........................................................................................................5
CONCLUSION..............................................................................................................................11
References......................................................................................................................................12

INTRODUCTION
Managing project can be defined as the tasks carried out by corporate unit administrators for
the purposes of organizing, monitoring, executing, undertaking and overseeing particular
programs to achieve the long-term targets of organisations (Badewi, 2016). To attain the targets,
it is very essential for organisations to carry out all the operations under clear constraints. This
report is based on two different tasks which is about answering short questions and the second
task is based on case study. Plan- Xperts-20 (PX20) has been offered a contract to expand the
library of collage, all lecture theatres and rooms from ground floor to the second floor of the
University of Sunderland London Campus.
MAIN BODY
TASK 1
1. Key characteristics of any project
(A) Different characteristics which are identified in a project are as follows:
 Using of single purpose for an individual project
 The project should not be similar to other projects
 Specific time period must be provided for a project
 Project should contain some unique components
 It is process which helps in achievement of objectives and goals
(B) PID's aim is to record basic details needed for specific project at time of creation
of plan. Managers have to ensure a sound foundation for a project and make every big
contribution to projector. The objective of this project is to create a task document that will
help project manager to accomplish their objectives and tasks. It provides a list of people who
are involved in project creation and from start to finish of each project. Every individual has
certain roles & obligations that they are expected to fulfil for making project successful.
1

2. What is the scope statement of an project and role of Work breakdown structure in this
statement
Scope statement contains the various forms available at the time of project creation and is
totally dependent on the type of project to be implemented and organizational structure. It is a
valuable statement that lets the company make good decisions that need more modifications.
Any project, irrespective of whether it is tiny, huge, complicated or simple, must have a project
scope statement used by the project manager to evaluate each project's expected results. This
statement should be decided on each individual's participation and it should establish the
implementation of any project. Statement of scope of the project encompasses different aspects,
such as:
 Product scope description
 Project assumptions, limitation and execution
 Acceptance criteria
 Justification
2. (B)
Scope statement allows project manager to schedule activities related to project in order
to make them more productive and would be defined by small operation in time (Brioso, 2015).
WBS plays different roles which are as discussed below:
 Establish observable and independent tasks already listed in the statement of scope.
 Assign the cost of each operation per mission.
 Monitoring daily assessment progress
 Determining the scope of the project according to client priorities & objectives.
 Delegate responsibility to the employee for each task
Work breakdown structure will be established using scope statement that contains all the
details needed at the time of implementation.
3. Approaches to generate budget for specific budget
Different methods are available that project manager requires in order to establish project
estimate and some of them are listed below:
2