Principles of Project Management

This presentation discusses the principles of project management and their application in achieving specific goals and success criteria within a specified time. It also includes findings of a report on ProCon Service Australia, a project management consultancy company.

Principles of Project Management

Table of Content
 Introduction
 Scope of the Project
 Aim of the Project
 Process steps of an event
 Required information for project manager
 Cost and Schedule Variance
 leadership behaviour on the project
 Flexible working environment
 Findings of the Report

Introduction
Project management is refers to the practice of initiating, planning, executing,
controlling and closing the work of a team to attain specific goals and meet
some specific success criteria within a specified time. ProCon Service Australia
is a project management consultancy company.

Scope of the project
This project will impact on the strategies, planning, costing and recover all the
risks for the first big event from Vella IT office Fitouts.
In this particular report the findings are described to the board of Vella IT
Office Fitouts, including Jim Vella, the business owner and chairman.

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The proposal will enlighten the criteria that focus to maintain the professional
reputation of project management.
It will deliver the highest standards as possible.

Aim of the project
This report helps the business in building effective relationship with customers and
clients as to expanding their business reach at market place. It also provides chance to
be seen as active industry in business world with more future chances to grow up in the
digital era.

Process steps of an event

Information required for the new project manager

Cost and Schedule Variance
TASK BCWS ACEP Schedule
variance Cost variance
Preparation $1200000 $675000 - 525000
Ground floor $300000 $225000 25.00% 75000
First floor $300000 $75000 75.00% 225000
Second floor $300000 $75000 75.00% 225000
Top floor $300000 $225000 50.00% 750000

leadership behaviour on the project

Flexible working environment

Findings of the Report
 From the overall analysis of the project related on the case study of ProCon Service
Australia.
 It is a project management consultancy which is concern on providing effective
consultancy facilities to the organizations as to implement their projects in effective
manner.

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 The allocator represents their own evaluation in regards to the current situation of the
project of Vella IT Office, which is different from the estimated cost and schedule
variance.
 As the original schedule was for completion of the project is around four months
which is commencing on 1 March, and completing on 30 June.

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 The estimated cost of the project is around $1.2M. And as per the investigation
report it has been found that the total investment incurred in the project is $675K.
 This amount is the investment made till the date of 1 May.

Recommendation
 Form the given analysis it has been suggested that at the time of conducting a project
a manager or supervisor should have appropriate skills.
 Knowledge in regards to the activities of the project.

Risks and provision of the risk matrix
 Physical harm
 Organizational Reputation
 Financial Risk

REFERENCES
Svejvig, P. and Andersen, P., 2015. Rethinking project management: A structured
literature review with a critical look at the brave new world. International Journal
of Project Management. 33(2). pp.278-290.
Tomanek, M., Cermak, R. and Smutny, Z., 2015. A conceptual framework for web
development projects based on project management and agile development
principles. arXiv preprint arXiv:1502.04297.

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