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Project Initiation Document : PDF

   

Added on  2021-02-19

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Managing projects

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31 A) . Key characteristics of any project .....................................................................................31B) Objective of Project initiation document .............................................................................32A) Developing understanding about scope statement in the project .........................................42B) Role of work breakdown structure in the project ................................................................43. Gantt chart and identification of the critical path ...................................................................54. Approaches utilised for generating a budget for specific budget .........................................65. Analysing the way project risk might arise and outline the different response which mightbe taken for eliminating the threats .............................................................................................66. Identification of quality method for ensuring completion of the project in successfulmanner. ........................................................................................................................................7TASK 2............................................................................................................................................7Introduction :................................................................................................................................7Main analysis ..............................................................................................................................7Skills and competencies required by Project manager................................................................9Conclusion and recommendations.............................................................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12

INTRODUCTIONProject management can be defined as procedure which involves various activities suchas initiation, planning, organizing, controlling and closure of work for accomplishment ofdesired objectives. It can also be referred to as the way an individual organize as well as manageresources that are very much crucial for completion of the project.The report will have focus on identification of the key characteristics of acquisitionproject implemented by Abc organization. It is basically a big UK based organization operatingbusiness in food and drink industry. Study also have focus on analysing the objective of Projectinitiation document. It will highlight the role of work breakdown structure in the project. TASK 11 A) . Key characteristics of any project Project can be defined as any undertaking which is executed by an individual orcollaboratively in order to accomplish desired goals. It can also be referred to as planned set ofinterrelated activities which are implemented for fixed period and intends to generate specificresults. The key characteristics of business project is that it is temporary and Unique in nature.The other important characteristics of the business project is that it has specific starting as wellas end time. In context of business various types of projects are implemented by companies forfulfilling the customers needs as well as demands. In addition to this, business project haveunique set of need which are required to be delivered (Kerzner, 2019.). The business projects arehighly influenced by various factors such as time, scope, resources and quality. One of the keycharacteristics is that project are closed when specific objectives are accomplished. In relation tothe business project the risk are uncertain. In addition to this, it is project specification whichdefines the objectives which are to be achieved after completion of particular set of activities.1B) Objective of Project initiation document Project initiation is defined as the document which consist of all the essential informationrelated to the project such as team, scope, context and collaboration. The main objectives of theproject initiation documentation is to capture as well as record general information which isrequired for defining and planning project. In addition to this project initiation document alsointends to provide the basis for management as well as helps manager in assessment of success.

It provides the direction as well as defines the scope of the project. For instance, Smart objectivefor acquisition as a business project are :To acquire for food and retail company within one year in order to foster businessgrowth.To increase number of retail outlet by acquiring ten more small firms.To achieve cost of $30 cost per acquisition . To increase the earning up to 10 percent within six months. To help employees in development of skills within three months so that they can maketheir significant contribution in the implement ion of acquisition project.2A) Developing understanding about scope statement in the project Scope can be defined as the valuable as well as useful project tools which defines thedeliverables of the project. It is the statement which provides project manager an ease inidentification of different elements as well as assist in addressing the different assumptionswhich are made for completion of the project. In addition to this, scope statement also defines theboundaries of the project. The scope statement is designed on the basis type of project as well asnature of business (Fewings and Henjewele, 2019.). It is the scope statement in the projectwhich provides manager an ease in confirming the outcome.2B) Role of work breakdown structure in the project Work breakdown structure is referred to as key deliverables which organizes the Teamwork into manageable segments. It can also be defined as the decomposition of the complextasks which are required to be performed by the team members during the project. Workbreakdown structure is also considered to be as are technique which is applied for organizing aswell as completing the work into systematic manner (Heldman, 2018). It is the structure which ismainly utilised for managing the large as well as complex project. The breakdown structureplays crucial role in helping manager in developing the better understanding about the project. Italso supports manager in managing the project scope and assist in improving the projectplanning.

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