TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 Project life Cycles........................................................................................................................1 Project management and control..................................................................................................2 Delivery of the project.................................................................................................................4 CONCLUSION AND RECOMMENDATIONS............................................................................5 REFERENCES................................................................................................................................6
INTRODUCTION Engineering management techniques include all kinds of engineering tools used to completeabusinessprojectordevelopmentprocess(KerznerandKerzner,2017).This assignment is about developing a new product forChipsЯus so that they can grow their business. Here , an analysis is done by project manager to identify way to control and manage the project by identifying the expected project life cycle. After this an analysis is done for the ways engineering team will ensure the budget and time of the project so that it can be completed within the specified time period and budget as well as the volume and quality level of the project is maintained. MAIN BODY Project life Cycles According to PMBOK a project can be managed and controlled in various ways but before that project management life cycle should be defined which is donein five phases such as: Initiating, planning, Execution, Controlling and Closing(Tonchia, 2018). These five phases of the project life-cycle also helps the project manager to control and manage the project of ChipsЯus. Initiating: Inthis phase project manager creates a project charter in which rationale of the project is explained which helps in defining the vision ofChipsЯus for the project as well as defines the business care related to it. This will help ChipsЯus to identify the reason because of which the project is being undertaken, what is the main problem and it can be solved (Quezada– Sarmiento and Enciso, 2016). In simple words it explains what ChipsЯus is thinking before creating the project i.e. they want to grow their business. Planning: This is one of the main phase of the overall project. In this phase planning of the project is done. In this all the necessary planning are done which might be useful in completing the project. First information that is defined is scope of the project which is to grow the business by introducing the new product into the market. In this scope sufficient details should be included which will help in reducing scope change risk. Then work breakdown structure is made where all the activities of the project are included and explained in tabular format. Then project schedule is defined in such a way that project is completed in a specified budget and in finite time. Then based on the budget, available 1
resources budget of the project is defined. In this phase monitoring of the project is also done by continuously monitoring quality, risk, resource availability of the project. Execution: In this phase all the fundamental of the project are applied so that execution of the project is done smoothly. In this phase quality assurance team audit and inspect all the process and activities defined in the planning phase within a specified interval of time. Then train and development of the project team is done for required skills. As in this project a new project development team was developed so training of the new development team is also dome simultaneously (De los Ríos-Carmenado, Lopez and Garcia, 2015). After all these things stakeholder engagement is done in order to ensure that all the stakeholders involved in the project are satisfied. Controlling: this is one of the most important phase of the project where all type of controls are utilized so that the project can remain on track, within the schedule and within the overall budget of the project(Heagney, 2016). This phase will play a vital role forChipsЯus as they want to introduce a new product into the market in order to grow their business. For this they try to include following things within their schedule. Such as project management team performs a schedule variance analysis so that they can control the schedule of the project and control the budget, then they perform a cost variance analysis which helps the project manager to control the cost of the project. This will help the project management team to manage the overall cost of the project despite of the fact the completely new production line is to be built and installed. Closing: finally comes the closure project where document of complete project is done, liabilities of long term are finalized and lastly all the relevant parties are communicated that the project is complete. Project management and control Project management and control are one of the most important part of the project as it helps in managing the overall cost of the project, schedule of the project, reduce risk associated with the project etc (Nicholas and Steyn, 2017). Management and control of the project mostly focusses on quality, cost and time of the project. Management of the project can be done in following ways: First of all by managing and controlling the communication within the team members and all the involved stakeholders of the project overall growth of the project can be managed andgrowth.Bymanagingthecommunicationalltherequiredchangedcanbe 2
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communicated easily, required information can be communicated easily(Karaman and Kurt, 2015). By checking the quality of work and final product within a regular interval of time. This will the project manager to maintain the quality of the project. By doing a continuous budget analysis of the project so that project manager can make sure that project is moving in a correct direction. Then schedule of the project is assessed within time to time so that project is completed on time (Patrick, Kendall and Seepersad, 2017). Other than this continuous risk monitoring and management is done so that all kind of unexpected risk can be eliminated. Project can be controlled with the help ofproject control cyclewhich is as follows: This project control cycle helps in managing any kind of unexpected events that can occur and increase the risk of the project, any kind of errors can emitted easily. For this progress of the project is monitored continuously and if any change is required then it is identified and a change control plan is made (Rogers, Chong and Preece, 2015). After this change control is 3 Illustration1: Project control cycle (Source:Heldman, 2018)
evaluated according to the benefits of the project. If any kind of change is required then a report is circulated and decision regarding the same is made. After this all kind of updates are reviewed again and base plan is made(Reich and Wee, 2019). This will help theChipsЯus to manage and control their new project development project and complete it within the specified schedule and time. Delivery of the project Three most important things in a project are time, quality and budget. So, it is important for the engineering team to ensure that the complete process is followed and carried forwards in correct direction and in a correct so that the project is delivered on time, within the specified budget by managing and maintaining all the quality levels in such a way that it is quite efficient to generate necessary volume of the project(Hermano and Martín-Cruz, 2019). This is done by managing the budget and required information related to plant equipment, standards of the parts, storage for the new project is sufficient or not etc. It can be done by: Time management: Engineering team can make the project schedule on the daily or weekly basis and can allot work of team members in advance itself, so that the project is on time. All the required information of project, resources, training etc. should be collected by the engineering team on time and communicated efficiently on time so that time period of the project is not extended. Accurate budget: Engineering team can made a budget and cost estimation of the overall project which will include cost of all the new machineries, equipment used inside the plant, cost of all the required parts, cost of new production line and cost of overall labours involved in the project (Miles, 2015). This will help them to identify the overall cost of the project and ensure that the complete project is completed within time. NecessaryvolumeandQualitylevels:Engineeringteamcanconductanauditingwhere inspection, verification of overall quality of the project will be checked. They will check the quality of equipment and their parts which are used for the project so that they are accurate (Fricker, Grau and Zwingli, 2015). It will also help to check whether all the requirements of the project are completed or not. It is very much important that construction firm are using and witnessing highly qualified professionals so that they are getting support from progressive management tools with equipment as well. Managing procurement is one of the main aspect of PMBOK which will be including 4
service of outside vendor and contractors for purchasing equipment. So there is very important need for how vendors will be selected and then managed thereafter into project life cycle. It is essential that mangers are managing their procurement with acquiring and the contracting plan with responding to seller, their contract administration and then closer of contract. CONCLUSION AND RECOMMENDATIONS From the above report it has been summarized that in order to complete a project within the specified time period, budget by maintaining the quality of the project, project manager plays a vital role as he is the one who manage and control complete project throughout the project life cycle. It could also be concluded that it is essential to manage stakeholders and procurement of funds which will be impacting people and organisation as well. It is recommended that during the feasibility study of all the equipment used and new team members should be done i.e. whether the new production line to be installed can be installed within the specified budget and time period. Training can be provided to the new production development team so that they are efficient enough to control the volume and quality of the project in such a way that project is completed on time. 5
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REFERENCES Books and Journals DelosRíos-Carmenado, I.G.N.A.C.I.O., Lopez, F.R. and Garcia, C.P., 2015. Promoting professional project management skills in engineering higher education: Project-based learning (PBL) strategy.International journal of engineering education,31(1), pp.184- 198. Fricker, S.A., Grau, R. and Zwingli, A., 2015. Requirementsengineering:best practice. InRequirements Engineering for Digital Health(pp. 25-46). Springer, Cham. Heagney, J., 2016.Fundamentals of project management. Amacom. Heldman, K., 2018.PMP: project management professional exam study guide. John Wiley & Sons. Hermano, V. and Martín-Cruz, N., 2019. Expanding the Knowledge on Project Management Standards: A Look into the PMBOK® with Dynamic Lenses. InProject Management and Engineering Research(pp. 19-34). Springer, Cham. Karaman, E. and Kurt, M., 2015. Comparison of project management methodologies: prince 2 versus PMBOK for it projects.Int. Journal of Applied Sciences and Engineering Research.4(4). Kerzner, H. and Kerzner, H.R., 2017.Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons. Miles, L.D., 2015.Techniques of value analysis and engineering. Miles Value Foundation. Nicholas,J.M.andSteyn,H.,2017.Projectmanagementforengineering,businessand technology. Routledge. Patrick, A.D., Kendall, M.R. and Seepersad, C.C., 2017, June. A Measure of Affect toward Key ElementsofEngineeringProfessionalPractice.InASEEannualconference& exposition proceedings. Quezada–Sarmiento, P.A. and Enciso, L., 2016. Knowledge Representation and Ontological Model based on Software Engineering Body of Knowledge as a tool to Evaluate Professional and Occupational Profiles. Reich, B.H. and Wee, S.Y., 2019, March. Searching for knowledge management practices in the PMBOK Guide. InProceedings of the PMI Research Conference. Rogers, J., Chong, H.Y. and Preece, C., 2015. Adoption of building information modelling technology(BIM)perspectivesfromMalaysianengineeringconsultingservices firms.Engineering, Construction and Architectural Management,22(4), pp.424-445. Tonchia, S., 2018. The International Standards of Project Management. InIndustrial Project Management(pp. 7-20). Springer, Berlin, Heidelberg. 6