Table of Contents 1. Title and Short introduction to the portfolio................................................................................1 2. Critically evaluate how the financial plan supported the strategic objectives of the project.......2 3. Critically reflect on the management and leadership of the project............................................3 4.Criticallyexplorethemethodsusedtosupportongoingprojectteamperformance improvement....................................................................................................................................4 5. Explore how information sharing between key stakeholders supports both successful project completion and strategic decision making.......................................................................................5 6. Consider your own development over this term..........................................................................5 7. Conclusion...................................................................................................................................6 REFRENCES...................................................................................................................................8
1. Title and Short introduction to the portfolio Project leadership is simply project organisation and its competence is to control project. Within small project it has been represented by individual project manager whereas, within large level project group of people and other additional subproject manager will perform task. Main motive behind project leadership is to accomplish predetermined goals and objectives within effective manner as per the requirement. Along with this, system which company following provide assistance in working on project objectives as well as on their accomplishment because system will get modified as per requirement. Furthermore, positive organisational culture result in doing activities related to project within effective manner. Because positive culture motivate staff members as well as enhance their productivity which result in achieving organisational objectives. Apart from this, communication is most important part of company as it is important to have two way communication because it help in sharing information with everyone and result in doing activities within effectual manner. There is requirement of suitable communication pathway so that information will be transfer to everyone and they will form day to day operations in respective manner. Last experience related to same work play important role as it developed skills and knowledge which assist in conducting present project within effective manner. Thus, previous experience is adding greater value in management of present project. Apart from this, there are some important terms in project i.e., time, cost, quality and phase which have to be consider for achieving objectives. Thus, time play important role within project related to outpatient service as there is requirement of at least 60 to 75 days. So that, each and every activity related to this project ofCambridge medical and rehabilitation centre will be conduct in proper manner as there is sufficient time. Along with this, quality of services play important role within health sector organisation. So it is important for respective research centre to do overall project by maintaining quality. Moreover, cost of project is decided in starting while doing financial planning and for every activity funds are allocated in starting which result in conducting entire project in effectual manner.Furthermore, phase related to implementing change should be decided by service providers so that as per requirement of patient modification will be implemented. 1
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2.Critically evaluate how the financial plan supported the strategic objectives of the project Financial planning is simply procedure of estimating capital needed as well as help in determining competition. It is the process of framing financial policies in term of investment, administration of funds, procurement and many more. Financial planning is carried in the starting of project so that every activity will conduct according to allocated funds. Budget facilitate in minimising extra cost incur while conducting project. There are some objectives of financialplanningwhichwillsupportCambridgemedicalandrehabilitationcentrein accomplishing their objectives related to outpatient services. Because it will help in determining capital required for completion of project which looked with both aspects of project i.e., short term and long term. Along with this, financial planning ensure that scare financial resources will utilisemaximallywithinbestmanner.Furthermore,financialplanninghelpsinensuring appropriate balance within outflow as well as inflow of funds for maintaining stability. It result in reducing level of uncertainness related to changing market trend. At the time of designing project it is important to analyse total funds which needed for completing each and every activity of project as it involve both direct and indirect cost. Cambridge medical and rehabilitation centre have to design cost of project which is needed for achieving objects related to outpatient services. In addition to this, with the assistance of project costoverallactivitiesrelatedtofundwillconductwitheffectivemannerandresultin accomplishing objectives. Apart from this, financial plans provide their assistance in achieving predeterminedobjectivesbecausewiththeassistanceofthisresourcesareallocatedin appropriate manner for each and every activity. When there are funds for conducting each and every activity it will get easy for individual and they also enjoy doing work when there are suitable resources as per requirement. Furthermore, financial have to frame in starting of project after setting goals and objective. Cambridge medical and rehabilitation centre also design financial plan within starting so that there outpatient services will conduct within effective manner. Along with this, its implementation will be beneficial for respective research centre as it not result in incurring any type of extra cost. Moreover, financial status if decided in appropriate manner result in success of project and accomplishing objectives within effective manner. 2
3.Critically reflect on the management and leadership of the project Project leadershipis simply act related to leading team for completion of project in successful manner. Moreover, project leadership needs skills as well as knowledge in both management and leadership. Management and leadership is part of soft skills, art and science all these work together and result in completing project within effective manner. Along with this, within project leadership individual lead or guide other people who are working on same project. So that, activities related to that will conduct in effective manner and result in achieving better outcomes. With leadership there is requirement of project management also so that as per planning day to day activities will be conducted. Management is necessary because with the assistance of it project will done in better manner as well as employees also feel good by doing things in managed way. But sometime management and leadership may have negative impact on completion of project. Because sometimes staff members started feeling restricted because of management and leadership as they do things according to given instructions and guidance. Moreover, when modifications take place in leader and manager have to change present style on which they are working. This create issue and problem for staff member because they have to work as per modification which is not liked by them as they are coming out of comfort zone. Apart from this, business environment is dynamic in nature and several changes take place. Same as per the modificationCambridge medical and rehabilitation centre have to do changes in their existing style. In some situation some changes take place which are not noticeablesuch as respective research centre started providing outpatient services. Implementation of this increase need for staff members so that respective project will implemented in better manner as per requirement. Although, staff members are important in organisation without them it is not possible to implement changes and do work on it. Work breakdown structure is project management tool which divide project into small components. Simply WBS is key project deliverable which organise team work within small manageable sections. Cambridge medical and rehabilitation centre also use work breakdown structure for managing activities in small sections. This will not give pressure on individual and help in conducting activities effectually as well as outpatient service is large scale project in which Work breakdown structure provide proper assistance as well as result in its completion. 3
4.Critically explore the methods used to support ongoing project team performance improvement Cambridge medical and rehabilitation centre's project is outpatient services which is large as well as there are numerous people involved within it because of that sometimes other department work get affected. This ongoing project need support for improving performance of team which will be provided by top level authorities of Company. Explanation of these are as follows :- Delegate responsibilities– For improvement within team performance burden should not be given to individual it has to be delegate. So that, performance will improve because work will be assigned as per individual person ability. Communicate effectively– It is important for organisation to involve staff members in communication as there are several applications through which information will be transfer in more effective manner. As staff member feel themselves part of business which result in improving their productivity as well as performance. Give incentives to staff –When incentives will be provided everyone will do work in better manner. Thus, offering incentives result in improving performance of team as well as enhance productivity. Along with improving performance of team member it is important to manage project in proper manner. So that, appropriate outcomes will be gain related to project there is an methodology whichCambridge medical and rehabilitation centre can use. Explanation of this are as follows :- Critical Path Method (CPM) – It is project management technique utilise for process planning which define critical as well as non-critical tasks. Moreover, Critical path method is simply suitable for project which involve several activities that interact within various steps. Critical path method is based on mathematical calculations and it is used for scheduling project activities. There are some steps within Critical path method explanation of these are as follows :- Step 1: Activity specification – I am using WBS for identifying activities which are included within project it is main input. Within this, higher level activities are chosen for making critical path method. Step 2: Activity Sequence establishment – Within this accurate activities sequence will established according to task happen first and so on. 4
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Step 3: network diagram – When activities are sequence in correct way then network diagram will be drawn. Now a days diagram design through several software such as Primavera. Step 4: Estimation for every activity – It is simply direct input from work breakdown structure which is based on estimation sheet. Most of the organisations utilise 3-point estimation method or COCOMO function point based. Out of these two anyone can be utilise as per requirement. Step 5: Identification of critical path – There is requirement of determining four parameters of every network activity i.e., Earliest start time, earliest finish time, latest finish time and latest start time. The float time for an activity is the time between the earliest (ES) and the latest (LS) start time or between the earliest (EF) and latest (LF) finish times. In floating time activities can be delayed without delaying in its finishing date. Step 6: Critical path diagram to show project processes - Critical path diagram is a live artefact. Therefore, this diagram should be updated with actual values once the task is completed. 5. Explore how information sharing between key stakeholders supports both successful project completion and strategic decision making Organisational culture is explained as underlying beliefs, assumptions, value as well as wayofgettinginteractwhichcontributewithinuniquesocialaswellaspsychological environment within an organisation. In simple term, it includes expectations, experiences, philosophy and values which guide individual behaviour. It is based on sharing of attitude belief, custom and many more. Thus, positive organisation culture gives wide impact on performance of staff member as there productivity will get increase and result in accomplishing objectives of project in better manner. Along with this, communication have to be effective and should have proper pathway because without sharing information it will be difficult to conduct daily basis activities in better manner. Along with this staff member also feel demotivate when required information will not share with them. Thus, it is important for an organisation to involve staff member within communication process so that they will feel motivated and productivity will get enhance. In 5
addition to this, information sharing with stakeholders result in getting competitive advantages because decision taken by them are effective as well as help in achieving objectives. 6. Consider your own development over this term As there are several new things getting emerge within business environment which need to develop skills and knowledge of own also. So that, I will work as per the requirement and achieve required outcome in life. For personal development there is requirement of conducting personal and professional assessment so that weakness will be identified and way to improve it. My own personal and professional assessment are as follows :- WhatdoIwantto learn? WhatactivitiesdoI needtoundertaketo achievemy objectives? What support/resources do I needtoachievemy objectives Targetdatefor achievingmy objectives Timemanagement skills Fordevelopingmy timemanagement skillsIhavetoset deadline of every work and try to finish that on time. In this, staff members workingwithmeas wellasmanager support for developing timemanagement skills. Thereisrequirement of 20-30 days. Communication skillsFordevelopingmy skillsIhavetogive presentationsaswell ashavetotake participation in group discussion. Fordeveloping communicationskills my manager as well as team leader will assist in it. Thereisrequirement of 15-20 days. Thus, with the assistance of personal and professional development plan I can develop my skills which help me in conducting activities within more effective manner. As well as for further development I can use this PDP plan because it will help me in gaining competitive place. 6
7. Conclusion By doing overall project it has been concluded that, it is important to manage decided project within effective manner. Along with this, there are some elements which play essential role such as time, quality, cost and phase because without keeping in mind all these it become difficult to complete project. Furthermore, after identifying objectives of project next step is to do financial planning so that funds will be allocated to each and every activity. Then day to day operations related to project will be conducted in effective manner and predetermined objectives will be gained. In addition to this, previous projects develop skills and knowledge which help in conducting present project within more effective manner. In first project difficulties faced by me was several but after that these are not repeated by me in outpatientservices related project. Apart from this, every project have leader and manager who decide the manner in which project related activities will be conducted so that objectives can achieved. There is requirement of several efforts so that ongoing project will manage in proper manner and positive outcomes will be gained. 7
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