Budget and Schedule Plan for Repairing Oil Tanks - Desklib

This report contains the budget plan and schedule for repairing the oil tanks of a multinational oil company situated in Australia. The budget plan states the name of all the tasks that will be needed to complete the project. The schedule details the total time that is required for completing the whole project successfully.

Running head: PROJECT MANAGEMENT
Project Management
Name of Student-
Name of University-
Author’s Note-

1PROJECT MANAGEMENT
Introduction
In this report, the case study that is taken depicts the case of a multinational oil company
situated in Australia. This company has many storage facilities. This oil company has tank farms
in all the states of Australia which supplies fuels to the local domestic markets. But as per the
case study, the company is facing loss because of the leakage system in the tanks that stores oil.
There are three big tanks which stores oil for the country. The biggest of the three tanks is 50
year old and is in a very bad condition. There are many leakage in the tanks which leads to oil
spread in the soil of the ground. For this, the company pays a huge amount of money to the
environment sector. This leads the company in financial loss. So, the officials of the company
decided to repair the tanks and planned to make repairing budget for the tanks. This report
contains the detailed planned budget for repairing the tanks and the resource that are needed for
repairing the tanks are also detailed in this report.
1. Budget Plan for Repairing of Tanks
Task Name Resource Names Cost
Repairing Tank
Leakage and Tank
Painting
$523,500.00
Project Plan $40,800.00
Visit the Site of the
oil company
Contractors, Project Head, Team Supervisor $12,000.00
Identify the Scope of Project Head $4,800.00

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the Project
Analyzing all the
Processes
Project Head, Team Supervisor $12,000.00
Preparing for all
Processes
Contractors, Project Head, Team Supervisor $12,000.00
Documenting the
Issue
Project Head $0.00
Preparing the Project $62,000.00
Introduction of the
Problem Identified
Budget Manager, Project Head, Team Supervisor $6,000.00
Meeting held with
all officials associated
Budget Manager, Project Head, Team Supervisor,
Contractors
$16,000.00
Allocating the
Required number of
Labors
Contractors, Workers, Team Supervisor $16,800.00
Discussing the
Identified Problem with
the Labors
Contractors, Workers, Team Supervisor $16,800.00

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Dividing the work
among the labors
Workers, Team Supervisor $6,400.00
Finalizing the
Project
Contractors, Budget Manager, Workers, Project
Head, Team Supervisor
$0.00
Project Execution
Phase
$115,500.00
Site Clearing for
Starting the Work
Cleaning Materials[1], Workers, Team Supervisor $27,400.00
Framework
Preparing for Starting
the Repairing Work
Contractors, Team Supervisor $10,800.00
Identify the Leakage
on Tank1
Workers, Team Supervisor, Repairing Materials[1] $14,300.00
Anchor
Implementation on
Tank1 for starting the
work
Anchors [1], Workers, Team Supervisor $13,600.00
Identify the Leakage
on Tank2
Workers, Team Supervisor, Repairing Materials[1] $14,300.00
Anchor
Implementation on
Anchors [1], Workers, Team Supervisor $13,600.00

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Tank2 for starting the
work
Identify the Leakage
on Tank 3
Workers, Team Supervisor, Repairing Materials[1] $14,300.00
Anchor
Implementation on Tank
3 for starting the work
Anchors [1], Workers, Team Supervisor $7,200.00
Starting the Work on
Tank 1
$87,000.00
Closing the
Leakages
Cement[1], Workers, Team Supervisor, Repairing
Materials[1]
$21,700.00
Pipe Clearing
Cleaning Materials[1], Workers, Cleaning
Machines[1], Team Supervisor
$22,500.00
Final Cleaning of
Pipes and Tanks
Cleaning Materials[1], Workers, Cleaning
Machines[1], Team Supervisor, Repairing
Materials[1]
$17,600.00
Coloring the Tank
Cleaning Materials[1], Workers, Cleaning
Machines[1], Team Supervisor, Repairing
Materials[1], Paint[1]
$25,200.00

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Starting the Work on
Tank 2
$66,300.00
Closing the
Leakages
Cement[1], Workers, Team Supervisor, Repairing
Materials[1]
$15,300.00
Pipe Clearing
Cleaning Materials[1], Workers, Cleaning
Machines[1], Team Supervisor, Repairing
Materials[1]
$24,000.00
Final Cleaning of
Pipes and Tanks
Cleaning Materials[1], Workers, Cleaning
Machines[1], Team Supervisor
$9,700.00
Coloring the Tank
Cleaning Materials[1], Workers, Cleaning
Machines[1], Team Supervisor, Paint[1]
$17,300.00
Starting the Work on
Tank 3
$43,800.00
Closing the
Leakages
Cement[1], Workers, Team Supervisor, Repairing
Materials[1]
$8,900.00
Pipe Clearing
Cleaning Materials[1], Workers, Cleaning
Machines[1], Team Supervisor, Repairing
Materials[1]
$17,600.00
Final Cleaning of
Pipes and Tanks
Cleaning Materials[0], Workers, Cleaning
Machines[0], Team Supervisor
$0.00

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Coloring the Tank
Cleaning Materials[1], Workers, Cleaning
Machines[1], Team Supervisor, Paint[1]
$17,300.00
Monitoring the
Project
$52,100.00
Monitor whether all
Leakages are closed
properly or not
Contractors, Budget Manager, Team Supervisor $16,800.00
Inspecting the Work
Done
Contractors, Budget Manager, Team Supervisor $11,200.00
Cleaning Site after
doing the Repairing
Cleaning Materials[1], Contractors, Budget
Manager, Workers, Cleaning Machines[1], Team
Supervisor
$24,100.00
Final Closing of the
Project
$56,000.00
Reviewing the
Project
Contractors, Budget Manager, Project Head, Team
Supervisor
$16,000.00
Project Appraisal
Contractors, Budget Manager, Project Head, Team
Supervisor
$16,000.00
Clearing of the
Wages
Contractors, Budget Manager, Project Head, Team
Supervisor
$8,000.00

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Signing Off from the
Stakeholders
Contractors, Budget Manager, Project Head, Team
Supervisor
$16,000.00
Project Closure
Contractors, Budget Manager, Project Head, Team
Supervisor
$0.00
Table 1: Budget Schedule for Repairing the Tanks
(Source: Created by author using MS Project)
The above table states the budget plan of the tank repairing system. The budget table
states the name of all the tasks that will be needed to complete the project. There are resource
name as well as cost of the completing the project plan successfully. The resources that will be
needed for completing the budget successfully are Contractors, Budget Manager, Project Head,
Team Supervisor, Cleaning Materials, Workers, Cleaning Machines, Paint, Cement and
Repairing Materials. There are material type of resource as well as work type of resource in the
budget plan and the cost is considered as per hour rate.
2. Schedule of the Project
Task Name Duration Start Finish
Repairing Tank Leakage and Tank
Painting
73 days Mon 9/10/18
Wed
12/19/18
Project Plan 9 days Mon 9/10/18 Thu 9/20/18
Visit the Site of the oil company 2 days Mon 9/10/18 Tue 9/11/18
Identify the Scope of the Project 2 days Wed 9/12/18 Thu 9/13/18

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Analyzing all the Processes 3 days Fri 9/14/18 Tue 9/18/18
Preparing for all Processes 2 days Wed 9/19/18 Thu 9/20/18
Documenting the Issue 0 days Thu 9/20/18 Thu 9/20/18
Preparing the Project 8 days Fri 9/21/18 Tue 10/2/18
Introduction of the Problem Identified 1 day Fri 9/21/18 Fri 9/21/18
Meeting held with all officials associated 2 days Mon 9/24/18 Tue 9/25/18
Allocating the Required number of Labors 2 days Wed 9/26/18 Thu 9/27/18
Discussing the Identified Problem with the
Labors
2 days Fri 9/28/18 Mon 10/1/18
Dividing the work among the labors 1 day Tue 10/2/18 Tue 10/2/18
Finalizing the Project 0 days Tue 10/2/18 Tue 10/2/18
Project Execution Phase 18 days Wed 10/3/18 Fri 10/26/18
Site Clearing for Starting the Work 4 days Wed 10/3/18 Mon 10/8/18
Framework Preparing for Starting the
Repairing Work
3 days Tue 10/9/18
Thu
10/11/18
Identify the Leakage on Tank1 2 days Fri 10/12/18
Mon
10/15/18

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Anchor Implementation on Tank1 for
starting the work
2 days Tue 10/16/18
Wed
10/17/18
Identify the Leakage on Tank2 2 days
Thu
10/18/18
Fri 10/19/18
Anchor Implementation on Tank2 for
starting the work
2 days
Mon
10/22/18
Tue 10/23/18
Identify the Leakage on Tank 3 2 days
Wed
10/24/18
Thu
10/25/18
Anchor Implementation on Tank 3 for
starting the work
1 day Fri 10/26/18 Fri 10/26/18
Starting the Work on Tank 1 11 days
Mon
10/29/18
Mon
11/12/18
Closing the Leakages 3 days
Mon
10/29/18
Wed
10/31/18
Pipe Clearing 3 days Thu 11/1/18 Mon 11/5/18
Final Cleaning of Pipes and Tanks 2 days Tue 11/6/18 Wed 11/7/18
Coloring the Tank 3 days Thu 11/8/18
Mon
11/12/18
Starting the Work on Tank 2 8 days Tue Thu

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11/13/18 11/22/18
Closing the Leakages 2 days Tue 11/13/18
Wed
11/14/18
Pipe Clearing 3 days
Thu
11/15/18
Mon
11/19/18
Final Cleaning of Pipes and Tanks 1 day Tue 11/20/18 Tue 11/20/18
Coloring the Tank 2 days
Wed
11/21/18
Thu
11/22/18
Starting the Work on Tank 3 5 days Fri 11/23/18
Thu
11/29/18
Closing the Leakages 1 day Fri 11/23/18 Fri 11/23/18
Pipe Clearing 2 days
Mon
11/26/18
Tue 11/27/18
Final Cleaning of Pipes and Tanks 0 days Tue 11/27/18 Tue 11/27/18
Coloring the Tank 2 days
Wed
11/28/18
Thu
11/29/18
Monitoring the Project 7 days Fri 11/30/18
Mon
12/10/18
Monitor whether all Leakages are closed 3 days Fri 11/30/18 Tue 12/4/18

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properly or not
Inspecting the Work Done 2 days Wed 12/5/18 Thu 12/6/18
Cleaning Site after doing the Repairing 2 days Fri 12/7/18
Mon
12/10/18
Final Closing of the Project 7 days
Tue
12/11/18
Wed
12/19/18
Reviewing the Project 2 days Tue 12/11/18
Wed
12/12/18
Project Appraisal 2 days
Thu
12/13/18
Fri 12/14/18
Clearing of the Wages 1 day
Mon
12/17/18
Mon
12/17/18
Signing Off from the Stakeholders 2 days Tue 12/18/18
Wed
12/19/18
Project Closure 0 days
Wed
12/19/18
Wed
12/19/18
Table 2: Schedule for Repairing the Tank
(Source: Created by author with MS Project)
The table above details the total time that is required for completing the whole project
successfully. The project as per the above schedule starts on 10th September and completes on

12PROJECT MANAGEMENT
19th December with a total of 73 days. The Project schedule that is shown above is made with the
help of MS Project. The MS Project application has many advantages compared to other
schedule planning software. The dates are calculated automatically in MS Project after adjusting
the number of days. All the details along with resource and dates are stated in the Gantt chart that
is shown below. The best tools that can be used for making the MS Project is the application of
MS Project.
The Gantt chart below shows the details of the project schedule that will help to complete
the project successfully. The tasks that will be needed to complete the project planned are shown
in Gantt chart. There are milestone shown in the project plan. The dates in the project that takes 0
days to complete a particular task are known as milestone of project and the milestones are
shown by a symbol in the project plan.
Schedule showing the Gantt Path

13PROJECT MANAGEMENT
3. Resource Sheet of the Project
Resource
Name
Type
Material
Label
Initials Group
Max.
Units
Std. Rate
Ovt.
Rate
Cost/Use
Accrue
At
Base
Calendar
Cleaning
Materials
Material C $1,800.00 $0.00 Prorated
Anchors Material A $800.00 $0.00 Prorated
Repairing
Materials
Material R $1,500.00 $0.00 Prorated
Paint Material P $1,200.00 $0.00 Prorated

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Cement Material C $1,000.00 $0.00 Prorated
Cleaning
Machines
Material C $1,500.00 $0.00 Prorated
Workers Work W 200% $600.00/hr $0.00/hr $0.00 Prorated Standard
Contractors Work C 100% $250.00/hr $0.00/hr $0.00 Prorated Standard
Project
Head
Work P 100% $300.00/hr $0.00/hr $0.00 Prorated Standard
Budget
Manager
Work B 100% $250.00/hr $0.00/hr $0.00 Prorated Standard
Team
Supervisor
Work T 100% $200.00/hr $0.00/hr $0.00 Prorated Standard
Table 3: Resource Sheet for Repairing the Tank
(Source: Created by author in MS Project)
The resource are the work force or the materials that will be needed to complete the task.
There are many resources that are needed for completing the repairing project successfully.
There is resource name column in the table that states the resource that will be needed for the
project completion. There is cost column in the table which states the total cost of the using the
resource in cost per hour schedule. There is also a resource type column which states the type of
resource that is needed to complete the task. The critical path of a project is the shortest distance
between the processes or tasks which will help to complete the project plan successfully. As all

15PROJECT MANAGEMENT
predecessors of the project linear, so all the tasks are taken a critical path for completing the
project.
Schedule showing the Critical Path
Figure 2: Critical Path
(Source: Created by author with MS Project)

16PROJECT MANAGEMENT
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