Project and Risk Management

Running Head: PROJECT AND RISK MANAGEMENT
Project and Risk Management
Name of the Student
Name of the University

1PROJECT AND RISK MANAGEMENT
Table of Contents
Section 1: Introduction and Project Charter....................................................................................2
1. Introduction..............................................................................................................................2
2. Project Charter and Scope Statement......................................................................................2
3. Project Work Breakdown Structure.........................................................................................8
4. Schedule, Network Diagram, Critical Path............................................................................11
References......................................................................................................................................17

2PROJECT AND RISK MANAGEMENT
Section 1: Introduction and Project Charter
1. Introduction
British Petroleum (BP) is a multinational company that deals with the business of
petroleum supply to various retailers and clients and it is also one of the “supergiants” in the
world in this business. However, with recent recommendations from various health organizations
around the world to reduce the use of fossil fuels, BP is now focusing on renewable energy like
solar energy and electricity (Zhao and Burke 2014). The company has now commissioned a new
project in which solar car charging points will be set up at five different locations in UK. As per
the initial decision taken, the five locations will have to in popular locations where most people
are expected to use solar powered cars. Being one of the supergiants in the world in oil industry,
the company does not face much competitive challenge but keeping up with the increasing
demands of oil and maintain and grow the business is a challenge itself (Al-Mashhadany and
Attia 2014). On the other hand, ever since the company has started venturing into other markets
like eco-friendly and renewable energy sources, a great opportunity has opened for the company
to establish its authority over the new market that is currently on the rise in terms of usefulness
and popularity.
2. Project Charter and Scope Statement
The rationale for triggering this project is that with worldwide calls for increasing use of
renewable energy and expected reduction in use of oil and other fossil fuels, the company must
venture into the growing market in order to maintain sustainability of the business (Kim et al.
2014).

3PROJECT AND RISK MANAGEMENT
The purpose of the project is to provide charging points for solar powered cars that will
encourage people to purchase more solar powered cars.
Three SMART objectives of the project are as follows.
Specific – The project will deliver five solar power charging points for vehicles at five
different parts of London.
Relevant – The project will promote the purchase of solar powered cars among the
customers.
Time Based – The project aims to deliver the charging stations within 6-7 months time
period.
The key stakeholders in this project include the project manager, construction manager,
mechanical engineer and electrical engineer. The scope of the project that is also within the
boundary of the project includes the following (Heagney 2016).
 Renting land from Government for installation works
 Construction of charging stations
 Installation of charging machines
 Connection with the main transmission line
 Testing of the machines
The project timeline including the budget estimation is shown in the following table.
Task Name Duration Start Finish Cost
Installation of Solar Car 181 days Mon 5/6/19 Mon 1/13/20 $4,066,400.00