Project Life Cycle, WBS, Gantt Chart, Critical Path and Leadership in Operations and Project Management

Operations and Project
management

TABLE OF CONTENT
Activity 3.........................................................................................................................................3
3.1 Project Life cycle...................................................................................................................3
3.2 Rationale for the use of WBS, Gantt Chart, Critical Path and leadership.............................8
3.2................................................................................................................................................9
3.3 Effectiveness in application of PLC, WBS, Gant Chart and critical path...........................10
3.4 Critical analysis and comparison in large and small scale projects.....................................11
3.5..............................................................................................................................................11
REFERENCES..............................................................................................................................13

Activity 3
3.1 Project Life cycle
Stage 1: Project initiation
1. Sponsor:

Background, Experience & Status: Paul and Penny arethe key Sponsor of the project and they
also have a good experience to run a business in effective manner. Such that they already have
strong prior work experience and qualifications that drive allied to a business sense. They
already run a business in Clapham and by analyzing the market situation, they wants to expand
the business as well/
2. General background
Paul and Penny wants to expand the business in Croydan which is one of the fastest
growing economy in UK. Such that it annual growth is 9% and also have benefits regarding
transport connection with other centers. Thus, it can be stated that it is a good location to expand
the business.
3. Resource Availability:
 Senior management
 Professionals for construction site
 Team
 Project manager
4. Financing:
Minimum Required £2m Hotel
Contingency reserve 1
Total needed £3m
Sponsor also raise money from existing banks in the form of loans and use crowdfunding as a
source of fund in order to expand the business accordingly.
5. Risk:
 Financial risk
 Fluctuation in the market
 Changes in legal laws and regulation