Principles of Project Management

This presentation provides an overview of the principles of project management, focusing on project tracking and reporting. It discusses the current status of a fit-out project and the need for a new project manager. It also explores leadership behavior and team environment in project management.

Principles of Project
Management

Cover Content
 Introduction
 Regulatory Bodies
 Details of All-inclusive tour,
Timescale
Methods of contracting
 Information about hotels
Selling price of holiday
Conclusion
References

Introduction
Project management is an area of management which involves
practices like initiating, planning, executing, controlling and
closure of the work in stated period of time.
In the contrary, this presentation will be aimed at project tracking
on a work till now done by Katz office fit-outs and its
reporting. Also, this report will also puts emphasis on
presentation skills, team leadership and learning or reflection
at a greater side.

Overview of the project
This project is currently engaged by Katz office outlets, in which
firm is undertaking fit-out project in the medium size IT office
building in the Sydney suburbs
As, the current project manager has left this business entity and
work is abrupt in the middle process.
In this, work is partially completed on every level of this building
on which observation is necessary to this project. On this, big
amount has been spent and still completion of this project needs
to be undertaken

Current status of the project
This outfit project was decided at budgeted amount of $1.2
million and original schedule for completion of this project work
is decided four months from 1 may to 30 June. In this outfit
project, four level of the building such as ground floor, first floor,
second floor and top floor

Schedule variances:
Level of the building Standard work required Actual work done
Ground floor 100.00% 75.00%
First floor 50.00% 25.00%
Second floor 50.00% 25.00%
Top floor Not yet decided 50% ahead of previous call.

Cost variance
Particulars Amount
Total cost budgeted for this fit-out project $1.2 million
Less: Actual cost spent on the fit-out $675K
Amount yet to be spend $525K

Gantt Chart

CONTINUED..

Additional information
When this project of the Katz fit-out was undertaking, project
manager Tony Faultier has left position in a Katz office fit-out and
moved to abroad to join new job. So, this is necessary to recruit
any new project manager, so as to complete this entire project as
before of 30 June as per the policies.
Of-course, new project manager is required to be equipped with an
innovative skills or competencies such as an effective
communication & ability to interact with the BOD of the Katz
office fit-outs.

CONTINUED…
As hired for Katz office fit-outs, decision making is required in
context of new project manager, who should be capable to
complete this remaining project. New hired project manager
will have to produces time to time report of work done and
report it to the BOD and owner & chairman of this business
firm

Overview of the leadership behaviour
Leadership behaviour is easy to understand, though perhaps
requiring efforts to perform consistently. The change in the
behaviour gives every kind of a leader a forward path forward
to rise level of an effectiveness.
In this, organisational zoo model will be used, in which
emphasizes or analysis of a leadership behaviour of the Tony
Faultier to suggest further improvements into the leadership
system

Team environment and cultures
In this project of the office fit-outs, previous project manager
was lethargic, bullying and arrogant due to which work of
this project is under progress and has not reached to its
desired position till 1st of May. Existing team environment is
comprising of autocratic leadership, in which project
manager Tony Faultier who was playing the role of dictator,
in which he was denied team members to share their views
or opinions at a bigger side

CONTNUED..
After the observation or investigation, finding says that team or
people of the Katz office were not that much capable to begins
or continues with relationship with contractors or supplier at a
major side. On this, this is recommendable to uses of the
democratic leadership, in which views or ideas of the team
people is taken care and also must have decision taking
freedom to complete this project even before the stated time
duration.

CONCLUSION
From the above report, this is concluded that project management
has become the diverse area when going for the completion of
a project work in defined point of time. Every project from
starting of an initiation to its closure needs to be go through
strategic development along with the use of correct strategy to
complete project to pass it from any kind of risk or threats to
solved in defined period of time.

REFERENCES
Larson, E. W. and Gray, C. F., 2017. Project management: The
managerial process. McGraw-Hill Education.
Fleming, Q. W. and Koppelman, J. M., 2016, December. Earned
value project management. Project Management Institute.