Project Execution Planning and Management

This document provides information about project execution planning and management, including stakeholder analysis, project quality management plan, and project procurement plan. It also discusses the risks associated with organizing a tournament and the concept of EMV. Find study material and solved assignments on Desklib.

PROJECT
EXECUTION
PLANNING AND
MANAGEMENT

Table of Contents
TASK 1............................................................................................................................................2
Different Stakeholder whom can impact success of the project.................................................2
Stake Holder Interest Matrix.......................................................................................................2
Project Quality management Plan...............................................................................................4
Project Procurement Plan............................................................................................................5
TASK 2............................................................................................................................................6
Risk Associated with organization of tournament......................................................................6
TASK 3............................................................................................................................................7
EMV............................................................................................................................................7
REFERENCES................................................................................................................................9
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TASK 1
Different Stakeholder whom can impact success of the project
Customer: They are the stakeholder on which the success or failure of different project in
the nation. As Airport is generally conducted to satisfy the need of different customer in the
market, if project is not able to satisfy the need of the consumer in the market this will eventually
impact the success of the project in the negative way. At the same time if project is able to satisfy
the need of the customer in the market project will impact the success of the project in positive
manner.
Supplier: They are another important stakeholder which can impact the success of the
project, as they are the one who used to provide the different raw material on the basis of same
project team used to convert them in the end product for the company. So quality of the raw
material which is provided by the Supplier in the market may impact the success or failure of the
project.
Owner and Shareholder: They are another important stakeholder which can impact the
success or failure of the project in the organization. As they are the one in the organization who
used to provide a good sort of the information about the project which has to be carried in the
organization. Quality of information which are passed on in the organization is a good basis on
which failure or success of project generally depends upon.
Media: they are another important stakeholder who can impact the project success in the
negative as well as in the positive way. Generally media member used to collect the different
information from the project and on the basis of their understanding they used to promote the
product in the positive as well as in the negative way. Media generally used to play a crucial role
in diverting the interest of different customer.
Stake Holder Interest Matrix
There are two different type of the stakeholder in the organization i.e. Internal and external
stakeholder, internal stakeholder are the one in the organization who are within the organization
and used to carry out different operation within the organization. At the same time external
stakeholder are the one who are outside the organization and used to impact the organization
from outside
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High Power, Low Interest (Key Player) High Power, High Interest (Keep Satisfied)
Customer
Supplier
Regulator
Government
Project sponsor
Stakeholder
Project Manager
Project Team
Low interest, Low power (Keep Informed) High Interest, Low Power (Minimal Efforts)
Different system Admin
Helpdesk
Internal User
Developer
Media
Key Player: They are the one in the project who used to have a good sort of the power to
influence the project but at the same time they are not having that sort of the interest in the
project. Supplier and consumer comes under this category as they can impact the project by not
showing the interest toward the same but at the same time they are not having that sort of interest
toward the project in the market.
Keep Satisfied: They are another important category of the project, it will be not wrong if we
will recognized as a most important stakeholder as they are having good sort of the power as
well as good sort of the interest toward the project. Project manager, shareholder and Project
team are some of the example of the sae. All of the them can influence the project in their way as
there is good sort of the interest for all the stakeholder in the market, as project sponsor and
Project team are having reputation linked with the same. At the same time shareholder are having
monitory interest linked with the same.
Keep Informed: They are the one in the project who used to generally provide the supporting
hand to different project member or used to follow different orders which are being passed on by
senior project team member. Different system Admin and Helpdesk are some of the example of
keep informed stakeholder category. They do not have good interest as well as power to carry
out different operation of the business in the long run.
Minimal Efforts: They are the one in the organization who has good sort of the interest toward
the project but they are not having that sort of power to influence the outcome of the project in
the long run. Media, Internal User and Developer are example of this category as all the
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stakeholder generally has their reputation link with the project but they do not able to influence
the project in the market.
Project Quality management Plan
PROJECT QUALITY MANAGEMENT PLAN
Input
There are three stages in which the quality of the project need to be maintain in the organization i.e. at the time of
planning of different schedule of the project, At the time of managing and going through the different project and at
the time of controlling the quality of the project in the end. To plan and schedule different quality organization has
to invest project charter, project management plan and organizational process assets. To manage quality at the time
of carrying out project something like project management plan and project document will be invested. At the time
of controlling quality approved change request, workplace performance document has to be invested in the
organization.
Tools and Technique
Benchmarking is the first tool which will be used in which different standard are being set up in the past and on the
basis of the same current performance of the business will be evaluated and different action will be taken at the time
of planning only.
Check list is the another type of the tool which will be used in the organization to manage the quality throughout the
project. It is the list which will keep the record of all the activity which has been done and after that checklist will be
evaluated to find out the deviations which are there in the operation of the business.
Inspection tool, it is another type of tool which will be used in the organization to control the different outcome of
the quality in the organization. Generally a inspection team in the organization will be looking at the different
default which are present at the workplace and on the basis of the same will be making different decision to control
quality in the organization.
Output
This tool and technique in the organization will help the company in improving the level of quality through out the
project and also help the company in getting information about the different deficit very easily in the organization.
Also it will help the manager in managing good sort of the efficiency through out the project.
Project Procurement Plan
PROJECT PROCURMENT PLAN
Type Description Contract Type Delivery System Reason
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Machinery Machinery are
the one which is
require in the
organization for
the purpose of
improving the
amount of
efficiency, as it
used to help the
project in
reducing the
efforts of
different
employee.
On rental basis
from variety of
the supplier in
the market.
Design bid build
is the delivery
system with the
help of the same
different
machinery will
be procure in the
organization
This thing will
be procure in the
organization for
the reason of
reducing the
amount of the
load which is
seen by the
project team
member in the
long run.
Raw material Raw material are
the semi product
which is
generally
procured by the
project manager
in the
organization to
convert them
into the end
product or used
them as a
supporting
material of the
end product.
.Raw material in
the organization
will be procure
on the payment
basis, raw
material are
procurement for
short contractual
basis in the
starting.
Design Build and
Multi prime are
the two different
way through
which raw
material will be
procure in the
organization.
Main reason
behind procuring
raw material in
the project is to
complete the
project for the
client in the
market.
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TASK 2
Risk Associated with organization of tournament
Risk is the thing which is generally consider from the starting, as risk can create the variety of
the uncertainty among the team in context of carrying out different project in the team. As risk
can impact the overall efficiency of any of the project which organization is looking to complete
in the long run. Also, there are some risk which are better to be ignore as compare to the consider
as considering them will create wider impact rather them ignoring them in the long run. There
are many different type of the risk which has will be seen at the time of organization tournament
as well.
Referees failing to show up at designated games: This type of the risk has to consider by
the organization by making alternate plan by keeping in touch with other referees, this will
eventually help the company in reducing the amount of risk associated with the same.
Fighting between the team: This type of the risk has to be consider by the project team,
they have to make sure that good amount of the briefing about the behaviour which has to be
shown by the different team has to be given to all the team before starting of every match.
Pivotal error committed by a referee that determines the outcome of a game: This type
of the risk has to avoid by the team, as if project team are appointing the referee for the
tournament, then they have to trust, they can do only one thing they can give good sort of the
briefing to different referee about be nominal to both team.
Abusive behaviour along the sidelines by parents: For overcoming this type of the risk
in the project the project team in the organization has to make sure that they used to hire good
sort of the security guard in the project team, this will eventually help in reducing this sort of the
impact of the risk in the market.
Inadequate parking: This type of the risk has to be consider by the organization, impact
of this risk can be reduced in the organization by investing good sort of the resources at the time
of venue planning in the organization.
Not enough teams sign up for different age brackets: This is another thing which can be
ignored by the project team, they can do one thing they can invest good sort of the resources at
the time of promotion of the project in the market.
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Serious injury: This type of the risk has to be consider by the organization and to overcome
the same issue in the project, project team has to make sure that they used to hire a good sort of
medical team in the project at the time of tournament.
TASK 3
EMV
EMV is generally define as a value which will be recived by the company on the different
investment which has been done by the company in the market. Formula of calculating EMV is
profitability multiplied by impact. On the basis of the same EMV of all the model is as follows:
EMV of all three model
Model 1 EMV
10,000 400000
15,000 300000
14000 560000
Total EMV 1260000
Model 2
8,000 320000
18,000 360000
12000 480000
Total EMV 1160000
Model 3
6000 240000
16000 320000
21000 840000
Total EMV 1400000
Interpretatio : After going through the EMV of all the three model it has been recommended to
the organization that model number three is best option out of the other to be selected by the
company as Total EMV of model number three is highest when compare to other two model. As
EMV of model number 3 is 1400000, whereas EMV for model number 1 and model number 2 is
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1260000 and 160000. So it is interoperate that going with model number 3 will be the most
beneficial decision for the company.
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REFERENCES
Books and Journals
Abdollahi, H. R., Hosseini, S. M. and Alimohammadzadeh, K., 2019. STAKEHOLDER
ANALYSIS USING THE MATRIX OF INTEREST-POWER IN INSURANCE
INDUSTRY: CASE STUDY OF HAFEZ ATIEHZASAN INSURANCE.
van Niekerk, M. and Getz, D., 2019. Generic Stakeholder Management Strategies.
Venturelli, A., Cosma, S. and Leopizzi, R., 2018. Stakeholder engagement: An evaluation of
European banks. Corporate Social Responsibility and Environmental Management.
25(4). pp.690-703.
Sangma, S. D., Chauhan, J. K. and Devarani, L., 2019. Stakeholder Analysis of Rongram
Horticulture Hub, Meghalaya. Journal of Global Communication. 12(2). pp.73-80.
Duncan, G. M and et.al., 2017. Development of a Pavement Management Manual and Data
Quality Plan for the Mississippi Department of Transportation (No. FHWA/MDOT-
RD-17-268). Mississippi. Dept. of Transportation.
Sangiuliano, S. J. and Davies, I. M., 2018. A quality management review of Scotland's sectoral
marine plan for tidal energy. Ocean & Coastal Management, 157, pp.217-226.
Fleming, Q. W., 2019, January. Project procurement management: contracting, subcontracting,
teaming. Project Management Institute.
Whitaker, S., 2016. Procurement Management. In Pass the PMP® Exam (pp. 405-444). Apress,
Berkeley, CA.
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