Project Management: Case Study of Multinational Oil Company

Running head: PROJECT MANAGEMENT
Case Study: Multinational Oil company
Name of the Student
Name of the University
Author’s Note

1PROJECT MANAGEMENT
Table of Contents
Part 1:...............................................................................................................................................2
1.1 Development of project goals................................................................................................2
1.2 Explanation about measuring project goals...........................................................................2
Part 2:...............................................................................................................................................2
2.1 Scope statement.....................................................................................................................2
2.2 Description of methods and processes for determining project scope..................................3
2.3 Determination of project stakeholders...................................................................................4
2.4 Key deliverables....................................................................................................................6
2.5 Acceptance criteria................................................................................................................6
Part 3:...............................................................................................................................................6
3.1 Overview of the overall process, cycle and methodology.....................................................6
3.2 Description of processes and methods that are used for monitoring and controlling projects
.....................................................................................................................................................7
3.3Discussion of the steps for measuring project success...........................................................8
Bibliography....................................................................................................................................9

2PROJECT MANAGEMENT
Part 1:
1.1 Development of project goals
The main goals of the multinational oil company are to repair the oil tanks for improving
the conditions of tanks of Western Australian site and for reducing the amount of money that is
mainly spent by the organization on the environmental fines. In addition to this, it is found that
by improving the condition of the fuel tanks assists in enhancing the availability of the tanks in
the area if Western Australian site.
1.2 Explanation about measuring project goals
The factors that assists in measuring the project goals are elaborated below:
Availability: If the tank of the Western Australian site is easily available then it can be
reflected that all the tanks have been repaired and the project goals are successfully achieved.
Tank repair completion: If the project of Australian site gets completed within the time
that is expected then it can be assumed that the project goals are achieved.
Environmental fines reduction: If the money that is paid on environmental fines
reduces, then it will be reflected that the goals of the project is achieved.
Budget: The repair of the tank gets accomplished within the budget that is provided then
it can be analyzed that the goals of the project are effectively achieved.
Part 2:
2.1 Scope statement
The project scope statement is mainly categorized into in scope and out scope.

3PROJECT MANAGEMENT
In-scope: Project in-scope includes:
 Western Australian site tank repair
 Environmental fines reduction
 Increasing availability of the tanks
 Project completion within the assumed time and approved budget
Out-scope: Out scope of the project includes:
 Proper details about the project suppliers
 Information about all the materials that are needed are not elaborated
2.2 Description of methods and processes for determining project scope
The processes as well as methods that are helpful in identifying the scope are elaborated
below:
Focusing on project objectives and aim: If the aim and objectives are determined then
it is quite easily to develop the project scope for progressing with the work of the project (Joslin
& Muller, 2015).
Analyzing needs of the project: The project manager analyzes the requirements and
needs of the project then it will be found as one of the significant step for developing the project
scope.
Analyzing project budget and availability of time: If appropriate analysis about
project time and project budget is made then it will be quite easy to determine the project scope
(Hornstein, 2015).