Project Development & Implementation for Strategic Managers: Wedding Project
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This document provides a comprehensive guide on project development and implementation for strategic managers, focusing on a wedding project. It covers factors for project selection, project specifications, project planning, project implementation, project evaluation, and project closure.
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Running head: PROJECT DEVELOPMENT & IMPLEMENTATION Project Development & Implementation for Strategic Managers: Wedding Project <<Name of the Student>> <<Student ID>> <<Name of the University>> Author’s note:
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2PROJECT DEVELOPMENT & IMPLEMENTATION Introduction The project of wedding ceremony was formed with the consideration of the innovative process implication and the implication of the identification of the project issues. The wedding ceremony project was formed with the modification of the implication and the usage of the project management tools and options. The completion of the assignment would help in collecting initial implication required by the stakeholders for understanding the requirements of the project. 1. Project Inimplication 1.1 Factors for selection of project The selection of the project is implied with the help of different methods of net present value, payback period, discounted cash flow, and internal rate of return, benefit to cost ratio, linearprogramming,integerprogramming,dynamicprogramming,andmultipleobjective programming. The economic and technical benefits of the project was accounted for the selection of the project. The net present value for the project is calculated by the subtraction of the overall income and expenses of the project. The annual income from the benefit was subtracted by the annual expenses for estimating the final value of the project. The selection of the project was estimated by the value of the NPV that means, if the NPV comes to be positive, the project was selected. The negative value of the NPV would result in the rejection of the project. The payback period shows the time required for the achievement of the final deliverable for the project. The time required for the project income to be equal to the project expense. The completion of the project was marked by the analysis of the time required for the net income and net expense (considering the discounting factor) was same. The discounted cash flow is the net income and net expense minus the discounting factor. The net cash flow was helpful for managing the annualized flow of cash for the project. The internal rate of return was used for the analysis of the rate required for the returns of the investment. The returns of the rate of the investment was used for calculating the rate by which the investment of the projects was returned. The programming part deals with the technical projects and the success of executing the activities for the project. The linear, integer, and dynamic programming are helpful for the evaluation of the program management. It is helpful for integrating the successful completion of the project using the programming facility for estimating the outcome of the projects. 1.2 Project Specifications The project is formed for the execution of the wedding ceremony of Tony and Peggy Sue on the date of the 30thJune. The wedding ceremony would require planning and use of the projectmanagementtoolsfor thesuccessfulmodificationof theactivities.Thewedding ceremony would involve the fixing of the budget, searching for the venue, dress shopping, and execution of the work for the project. The wedding was implied with the implication of the efficient modification for the activities. The wedding ceremony was supported by the implication collection and usage of the improved activities. The involvement of the project specification formed was formed with the compilation of the successive process implication. The modification of the improved project work can be implied with the improvement of the innovative activities of the project. The involvement of the project management activities was helpful for planning
3PROJECT DEVELOPMENT & IMPLEMENTATION project and decoration of the venue. The execution of the wedding was done as an outdoor wedding with music, food, ceremony, and dance. 1.3 Agreed project quality The wedding plan was evaluated with the concern time, budget, and event quality for Tony and Peggy. The time is a major factor as the planning, collection of the resources, and ceremony execution was helpful for aligning the management of the project completion. The project was required for being completed on time as the event was held on 30thJune. The project planning and other activities must be completed on time so that the execution of the project was done in the estimated time. The wedding plan was implied with the inclusion of the improved work implication. The project quality was analyzed with the consideration that the work was completed in the estimated time. The couple has an estimated budget that must be considered for their outdoor wedding. The project quality has been defined with the consideration for the affective work function modification. The cost of the project is a major concern for the involvement of the ceremony execution. The project quality management was efficiently implied with the consideration of the innovative process imlication and formment. The project quality modification was formed with the compilation of the improved improved and formment. 2. Project Planning 2.1 Project Plan The project plan for the wedding ceremony has been formed with the modification of the traditional adaptive process imlication and it was successfully implied with the management of the activities for the project. The project plan would include the listing of the wedding planning and ceremony activities as it would incorporate the implication of the smart implementation activities. The project plan is shown in the table below, WBSTask NameDurationStartFinish 0Wedding Ceremony and Reception181 daysTue 1/1/19Sun 6/30/19 1Initial Planning13 daysTue 1/1/19Sun 1/13/19 1.1Selection of the wedding date1 dayTue 1/1/19Tue 1/1/19 1.2Consulting with parents and family members5 daysWed 1/2/19Sun 1/6/19 1.3Fixing budget for the wedding4 daysMon 1/7/19Thu 1/10/19 1.4Hiring a wedding planner3 daysFri 1/11/19Sun 1/13/19 1.5Planning done0 daysSun 1/13/19Sun 1/13/19 2Bookings and Selection22 daysFri 3/15/19Fri 4/5/19 2.1Searching for wedding venue3 daysFri 3/15/19Sun 3/17/19 2.2Booking outdoor wedding venue3 daysMon 3/18/19Wed 3/20/19 2.3Dress Shopping for groom and bride7 daysThu 3/21/19Wed 3/27/19 2.4Booking band for the wedding4 daysThu 3/28/19Sun 3/31/19 2.5Food vendors are hired5 daysMon 4/1/19Fri 4/5/19 2.6Wedding Preparation0 daysFri 4/5/19Fri 4/5/19 3Pre-wedding40 daysTue 5/21/19Sat 6/29/19
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4PROJECT DEVELOPMENT & IMPLEMENTATION 3.1Contacting Cameraman and Video shooter3 daysTue 5/21/19Thu 5/23/19 3.2Sending Invitations to guests5 daysFri 5/24/19Tue 5/28/19 3.3Hiring Solemniser2 daysWed 5/29/19Thu 5/30/19 3.4Making Seating arrangements8 daysTue 6/11/19Tue 6/18/19 3.5Decoration of the venue5 daysWed 6/19/19Sun 6/23/19 3.6Food Arrangements4 daysMon 6/24/19Thu 6/27/19 3.7Cake Booking2 daysFri 6/28/19Sat 6/29/19 3.8Wedding Ceremony Prepared0 daysSat 6/29/19Sat 6/29/19 4Wedding Ceremony1 daySun 6/30/19Sun 6/30/19 4.1Receiving guests1 hrSun 6/30/19Sun 6/30/19 4.2Wedding Ceremony including cake cutting6 hrsSun 6/30/19Sun 6/30/19 4.3Receiving gifts1 hrSun 6/30/19Sun 6/30/19 4.4Wedding Completion0 daysSun 6/30/19Sun 6/30/19 The following is the Gantt chart that can be used for understanding the timeline for the project schedule, IDTask Mode WBSTask NameDurationStartFinish 00Wedding Ceremony and Reception181 daysTue 1/1/19Sun 6/30/19 11Initial Planning13 daysTue 1/1/19Sun 1/13/19 21.1Selection of the wedding date1 dayTue 1/1/19Tue 1/1/19 31.2Consulting with parents and family members 5 daysWed 1/2/19 Sun 1/6/19 41.3Fixing budget for the wedding4 daysMon 1/7/19Thu 1/10/19 51.4Hiring a wedding planner3 daysFri 1/11/19Sun 1/13/19 61.5Planning done0 daysSun 1/13/19Sun 1/13/19 72Bookings and Selection22 daysFri 3/15/19Fri 4/5/19 82.1Searching for wedding venue3 daysFri 3/15/19Sun 3/17/19 92.2Booking outdoor wedding venue3 daysMon 3/18/19Wed 3/20/19 102.3Dress Shopping for groom and bride7 daysThu 3/21/19Wed 3/27/19 112.4Booking band for the wedding4 daysThu 3/28/19Sun 3/31/19 122.5Food vendors are hired5 daysMon 4/1/19Fri 4/5/19 132.6Wedding Preparation0 daysFri 4/5/19Fri 4/5/19 143Pre-wedding40 daysTue 5/21/19Sat 6/29/19 153.1Contacting Cameraman and Video shooter 3 daysTue 5/21/19 Thu 5/23/19 163.2Sending Invitations to guests5 daysFri 5/24/19Tue 5/28/19 173.3Hiring Solemniser2 daysWed 5/29/19Thu 5/30/19 183.4Making Seating arrangements8 daysTue 6/11/19Tue 6/18/19 193.5Decoration of the venue5 daysWed 6/19/19Sun 6/23/19 203.6Food Arrangements4 daysMon 6/24/19Thu 6/27/19 213.7Cake Booking2 daysFri 6/28/19Sat 6/29/19 223.8Wedding Ceremony Prepared0 daysSat 6/29/19Sat 6/29/19 234Wedding Ceremony1 daySun 6/30/19Sun 6/30/19 244.1Receiving guests1 hrSun 6/30/19Sun 6/30/19 254.2Wedding Ceremony including cake cutting 6 hrsSun 6/30/19 Sun 6/30/19 264.3Receiving gifts1 hrSun 6/30/19Sun 6/30/19 274.4Wedding Completion0 daysSun 6/30/19Sun 6/30/19 Tony and Peggy Tony and Peggy Tony and Peggy Tony and Peggy 1/13 Event Planner,Tony and Peggy Event Planner Tony and Peggy,Dress Cost[1] Band Cost[1] Food Cost[1] 4/5 Event Planner Tony and Peggy Event Planner Contractor Contractor Food Vendor Cake Cost[1] 6/29 Family & Friends Solemniser,Camera man,Video Shooter,Ev Tony and Peggy 6/30 STMFTSWSTMFTSWSTMF Dec 16, '18Jan 13, '19Feb 10, '19Mar 10, '19Apr 7, '19May 5, '19Jun 2, '19Jun 30, '19
5PROJECT DEVELOPMENT & IMPLEMENTATION 2.2 Project Resources The project of Wedding Ceremony would include the use of the human and material resources for the project. The combination of the human and material resources was helpful for the achievement of the efficient process imlication. The project resources required for the completion of the wedding ceremony were, Resource NameTypeInitialsMax. UnitsStd. Rate Event PlannerHumanEP100%RM140.00/hr ContractorHumanC100%RM120.00/hr Food VendorHumanFV100%RM110.00/hr SolemniserHumanS100%RM100.00/hr Camera manHumanCM100%RM80.00/hr Video ShooterHumanVS100%RM90.00/hr Dress CostMaterialDCRM1,250.00 Band CostMaterialBCRM2,000.00 Food CostMaterialFCRM5,500.00 Cake CostMaterialCCRM470.00 The use of the human and material resources was responsible for the modification of the efficient and implied improved management. The human resources would take care of the work required for planning and execution of the project activities and the material resources would deploy the tool required for the completion of the project activities. The wedding ceremony would require these resources for planning, operations, decorations, and ceremony execution for the project. 2.3 Cost Estimation The cost estimation for the project of wedding ceremony was done on behalf of the efficient modification of the activities and the usage of the resources. The bottom up estimation has been done for aligning the implication of the innovative and successive work. The estimation of the project costs was formed with the help of the estimation using usage and standard rates. The calculation would sum the money required for the budget by calculating the usage of each of the resources and multiplying it with the standard costs for the project. Resource NameTypeWorkStandard RateCost Event PlannerWork94 hrsRM140.00/hrRM13,160.00 ContractorWork104 hrsRM120.00/hrRM12,480.00
6PROJECT DEVELOPMENT & IMPLEMENTATION Food VendorWork32 hrsRM110.00/hrRM3,520.00 SolemniserWork6 hrsRM100.00/hrRM600.00 Camera manWork6 hrsRM80.00/hrRM480.00 Video ShooterWork6 hrsRM90.00/hrRM540.00 Dress CostMaterial1RM1,250.00RM1,250.00 Band CostMaterial1RM2,000.00RM2,000.00 Food CostMaterial1RM5,500.00RM5,500.00 Cake CostMaterial1RM470.00RM470.00 2.4 Agreed Timescale The agreed timescale for the project of wedding ceremony would include the following project schedule and the time duration show, WBSTask NameDurationStartFinish 0Wedding Ceremony and Reception181 daysTue 1/1/19Sun 6/30/19 1Initial Planning13 daysTue 1/1/19Sun 1/13/19 1.1Selection of the wedding date1 dayTue 1/1/19Tue 1/1/19 1.2Consulting with parents and family members5 daysWed 1/2/19Sun 1/6/19 1.3Fixing budget for the wedding4 daysMon 1/7/19Thu 1/10/19 1.4Hiring a wedding planner3 daysFri 1/11/19Sun 1/13/19 1.5Planning done0 daysSun 1/13/19Sun 1/13/19 2Bookings and Selection22 daysFri 3/15/19Fri 4/5/19 2.1Searching for wedding venue3 daysFri 3/15/19Sun 3/17/19 2.2Booking outdoor wedding venue3 daysMon 3/18/19Wed 3/20/19 2.3Dress Shopping for groom and bride7 daysThu 3/21/19Wed 3/27/19 2.4Booking band for the wedding4 daysThu 3/28/19Sun 3/31/19 2.5Food vendors are hired5 daysMon 4/1/19Fri 4/5/19 2.6Wedding Preparation0 daysFri 4/5/19Fri 4/5/19 3Pre-wedding40 daysTue 5/21/19Sat 6/29/19 3.1Contacting Cameraman and Video shooter3 daysTue 5/21/19Thu 5/23/19 3.2Sending Invitations to guests5 daysFri 5/24/19Tue 5/28/19 3.3Hiring Solemniser2 daysWed 5/29/19Thu 5/30/19 3.4Making Seating arrangements8 daysTue 6/11/19Tue 6/18/19 3.5Decoration of the venue5 daysWedSun 6/23/19
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7PROJECT DEVELOPMENT & IMPLEMENTATION 6/19/19 3.6Food Arrangements4 daysMon 6/24/19Thu 6/27/19 3.7Cake Booking2 daysFri 6/28/19Sat 6/29/19 3.8Wedding Ceremony Prepared0 daysSat 6/29/19Sat 6/29/19 4Wedding Ceremony1 daySun 6/30/19Sun 6/30/19 4.1Receiving guests1 hrSun 6/30/19Sun 6/30/19 4.2Wedding Ceremony including cake cutting6 hrsSun 6/30/19Sun 6/30/19 4.3Receiving gifts1 hrSun 6/30/19Sun 6/30/19 4.4Wedding Completion0 daysSun 6/30/19Sun 6/30/19 January 2019February 2019March 2019April 2019May 2019June 2019 0 hrs 100 hrs 200 hrs 300 hrs 400 hrs 500 hrs 600 hrs 104 hrs104 hrs 232 hrs 232 hrs 312 hrs 486 hrs Cumulative WorkRemaining Cumulative Work 2.5 Project Implementation Strategy The project implementation strategy would involve the usage of the efficient and smart workformmentalongwiththeimplicationoftheimprovedimprovedformment.The implementation of the project was formed with the usage of the adaptive process imlication and the implication of the improved improved and formment. The implementation of the activities for the project was supported by the use of the adaptive project management methodology. The implementation of the project activities was aligned with the usage of the innovative and efficientprocessimlication.Theprojectimplementationstrategywasformedwiththe implication of the efficient strategy modification. The project has been divided into 4 phases namely initiation, resource accumulation, formment, and execution. The initiation phase would involve the analysis of the requirements for the project. The implementation of the project activities had successfully formed with the implication of the implied formment management. The implementation strategy was formed with the implication formment for the activities. The usageoftheimplementationstrategyisformedwiththeimplicationofthesuccessive management.
8PROJECT DEVELOPMENT & IMPLEMENTATION 3. Project Implementation 3.1 Implementation The implementation of the wedding ceremony project would involve the implication of the wedding activities and activities. The project of wedding ceremony would ensure that the operations for the project is completed and there is no option for implying the activities. The implementation using the adaptive work can imply the implication of the activities. The implementation of the project was formed with the usage of the adaptive process imlication and the implication of the improved improved and formment. The implementation of the activities for the project was supported by the use of the adaptive project management methodology. The implementation of the project activities was aligned with the usage of the innovative and efficientprocessimlication.Theprojectimplementationstrategywasformedwiththe implication of the efficient strategy modification. The project has been divided into 4 phases namely initiation, resource accumulation, formment, and execution. The initiation phase would involve the analysis of the requirements for the project. The implementation of the project activities had successfully formed with the implication of the implied formment management. The implementation strategy was formed with the implication formment for the activities 3.2 Appropriate Measure Identification The appropriate project measure was implied with the concern time, budget, and event quality for the client. The time is a major factor as the planning, collection of the resources, and ceremony execution was helpful for aligning the management of the project completion. The cost of the project is a major concern for the involvement of the ceremony execution. The project quality management was efficiently implied with the consideration of the innovative process imlication and formment. 3.3 Project Monitoring Themonitoringoftheprojectwasdonebyusingefficientandimprovedword modification using the tools like checklist, status reporting, and progress analysis. The project of wedding ceremony would ensure that the operations for the project is completed and there is no option for implying the activities. The project implementation strategy was formed with the implication of the efficient strategy modification. The project has been divided into 4 phases namely initiation, resource accumulation, formment, and execution. The milestone achievement for each of the phases was marked for understanding the progress of the project. 4. Project Evaluation 4.1 Project Outcomes The completion of the project would result in forming the execution of the wedding ceremony for Tony and Peggy. It was the final outcome of the project. 4.2 Evaluation of the project outcomes The wedding plan was evaluated with the concern time, budget, and event quality for Tony and Peggy. The time is a major factor as the planning, collection of the resources, and ceremony execution was helpful for aligning the management of the project completion. The
9PROJECT DEVELOPMENT & IMPLEMENTATION project was required for being completed on time as the event was held on 30thJune. The project planning and other activities must be completed on time so that the execution of the project was done in the estimated time. The wedding plan was implied with the inclusion of the improved work implication. The project outcomes was analyzed with the consideration that the work was completed in the estimated time. The couple has an estimated budget that must be considered for their outdoor wedding. The project outcomes has been defined with the consideration for the affective work function modification. The cost of the project is a major concern for the involvement of the ceremony execution. The project outcomes management was efficiently implied with the consideration of the innovative process imlication and formment. The project outcomesmodificationwasformedwiththecompilationof theimprovedimprovedand formment. 4.3 Recommendations TheusageoftheappropriateprojectmanagementmethodologylikeSDLC,risk assessment processes, cost estimation, and implication of the processes was helpful for making the work completed. The tools can be helpful for ensuring that the work was implied with the usage of the innovative work completion. 5. Project Closure 5.1 Project Procedures The project procedures would include the activities of Selection of the wedding date, Consulting with parents and family members, Fixing budget for the wedding, Hiring a wedding planner, Searching for wedding venue, Booking outdoor wedding venue, Dress Shopping for groomandbride,Bookingbandforthewedding,Foodvendorsarehired,Contacting Cameraman and Video shooter, Sending Invitations to guests, Hiring Solemniser, Making Seating arrangements, Decoration of the venue, Food Arrangements, Cake Booking, Receiving guests, Wedding Ceremony including cake cutting, and Receiving gifts. 5.2 Project Checklist Checklist ItemCheck Project plan made✓ Costestimation done ✓ Work division✓ Resources analyzed✓ Project completed✓ Conclusion It can be concluded from the report that the implication of the project management techniques and tools had been helpful for the execution of the Wedding Ceremony. The use of the project management activities and implication of the innovative work implication had helped in forming the management of the project. The use of the MS-Project for forming the schedule, cost estimation, and risk management had aligned the implication of the efficient and innovative
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10PROJECT DEVELOPMENT & IMPLEMENTATION work listing. The use of the project implementation plan would support the modification of the activities and forming the formment of the successive work implementation plan.
11PROJECT DEVELOPMENT & IMPLEMENTATION Bibliography Fleming, Q.W., & Koppelman, J.M. (2016, December).Earned value project management. Project Management Institute. Fuller, M.A., Valacich, J.S., George, J.F., & Schneider, C. (2017).Information Systems Project Management:A Process and Team Approach, Edition 1.1.Prospect Press. Harrison, F., &Lock,D. (2017).Advancedprojectmanagement:a structuredapproach. Routledge. Heagney, J. (2016).Fundamentals of project management.Amacom. Kerzner, H., & Kerzner, H.R. (2017).Project management:a systems approach to planning, scheduling, and controlling.John Wiley & Sons. Nicholas, J.M., & Steyn, H. (2017).Project management for engineering, business and technology.Routledge. Verzuh, E. (2015).The fast forward MBA in project management.John Wiley & Sons. Walker, A. (2015).Project management in construction.John Wiley & Sons.