Project Management Research Study
Added on 2020-10-05
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STRATEGIC PROJECTMANAGEMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 The role of a project manager during planning of a project..................................................11.2Performance, Time, Cost and Scope’ requirements can help/ or adversely affect a project.21.3 Evaluating the way planning and scheduling of project work will help in its successfulimplementation............................................................................................................................4TASK 2............................................................................................................................................62.1 Drawing the work break down structure and identify deliverables......................................62.2 Identify risk assessment and evaluate controls of risks for the Musical Awards Eventproject..........................................................................................................................................8TASK 3............................................................................................................................................93.1 Develop a project network diagram to visually display the whole project and calculate thecritical path..................................................................................................................................93.2 Apply earned value management tool to define and calculate all the starting pointcalculation, performance index calculation and the final cost..................................................11TASK 4..........................................................................................................................................134.1 Evaluate team’s effectiveness and team building in the circumstance...............................134.2 Identify and evaluate key leadership skills required to manage the challenges that could befaced as a Project Manager.......................................................................................................14CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
INTRODUCTIONStrategic project management refers to select, manage and measure project outcomes toensure optimal value for corporation. It is a process to take a project from start to finish in waysthat are competitive and efficient. In simple words, it can be said that it is a procedure ofmanaging complex project by combining business strategy and project management techniquesfor implement business strategy. In the present study, project manager is going to handle projectby which Event i.e. ''Best Music Award 2018” is going to be organised at Atlantis Hotel arena inDubai. The total budget for this event is AED 250000 that is to be mobilised from potentialsponsors and AED 100000 grants from ministry of social affairs. A systematic plan and schedulefor event has been discussed in this report along with several techniques and strategies of projectmanagement. Gantt chart and network diagram that are important method of project managementhave been also discussed here. Earned value method is discussed here as well with reference toABC construction organisation for managing working hours and budget for the tasks.TASK 11.1 The role of a project manager during planning of a projectDubai has been recently chosen for hosting an award function which is, “Best MusicAward 2018”. It will be held at Atlantis Hotel Arena, which is in Dubai. The first thing thatmanager should consider when making up a project plan is to totally identify and understand theentire project; its goals, all tasks to be accomplish, allotting task to team members, and regularlytrack progress of the plan. In order to plan and implement this project, project manager plays avery crucial role as he/she has various kinds of roles and responsibility which are discussedbelow-Manage risk- A project manager is responsible for successful initiating, planning,designing, executing, monitoring and controlling of a project. He is responsible foroverall functioning of Best Music Award 2018. He should make efforts to control the riskand reduce uncertainties for this event.Take right decision- Decisions taken by a manager should directly benefit their project.For planning an event it takes a budget, organised team work, and a lot of projectmanagement. A manager will prepare an overview of Best Music Award 2018 andsubmit it to Ministry of Social affairs.1
Proper planning and scheduling- The event team has appointed a project manager forthis major function to draw up a project plan in order to submit it to the Ministry of socialaffairs as they are the potential sponsors of Best Music Award 2018.Monitor and evaluation- The manager will firstly create the scheduled of Best MusicAward 2018 which should be visible to all team members. Then he will effectivelymanage his team and allot them specified tasks to complete their work on time (Serra andKunc, 2015). Then he will regularly track the progress of all tasks to meet project goalsas soon as possible. The appointed project manager will effectively handle this situation. He will initiate hiswork, plan accordingly for further execution. Then the most important thing he will do issupervising of the tasks given to team members. A manager will prepare an overview of BestMusic Award 2018 and submit it to Ministry of Social affairs.Event OverviewEvent TitleBest Music Award 2018Date6th March 2018 Time 2:00 to 22:30Location Atlantis Hotel Arena, DubaiDescription This Award function will be held in Dubai. Celebrities and other dignitariesfrom all over the word will be visiting the UAE including approximate 500audiences which are expected to attend this event. The opening ceremonyshall be inaugurated by famous music artist, ‘Shakira' and the awards willbe presented by his Highness,'Shk Al Makhtoum'. Budget AED 250000 including all arrangement Sponsors Ministry of Social Affairs1.2The way performance, time, cost and scope requirements can help/ or adversely affect aprojectIn order to organise the event that is Best Music Award 2018, project manager shouldfocus on project management plan that consists with several aspects such as time, cost,performance scope, etc. (Yang, Chen and Wang, 2015). These all elements considers for2
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