This paper discusses the development of a new ride at Lightning Fast theme park, its objectives, justification, requirements breakdown structure, project landscape, project management life cycle, and the use of Project Libre for project planning.
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Running head: PROJECT MANAGEMENT Project management: New ride at lightning fast Name of the Student Name of the University Author’s Note
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1 PROJECT MANAGEMENT Table of Contents Part A.........................................................................................................................................2 A.1 New project at lightning Fast..........................................................................................2 A.2 Justification of the project...............................................................................................2 A.3 Estimation of the requirements breakdown structure......................................................3 A.4 Four quadrants of the Project Landscape........................................................................4 A.5 Project Management Life Cycle......................................................................................5 A.6 Appropriate PMLC for the entire project........................................................................5 Part B..........................................................................................................................................6 B.1 Precedence table..............................................................................................................6 B.2 Gantt chart.......................................................................................................................7 B.3 Network diagram.............................................................................................................8 B.4 Histogram........................................................................................................................8 B.5 Reason behind the utilization of project Libre................................................................8 Conclusion................................................................................................................................10 References................................................................................................................................11
2 PROJECT MANAGEMENT Part A A.1 New project at lightning Fast The paper mainly reflects on the organization lightning Fast that generally undertake a new ride project in order to attract the children’s towards the theme park. With the help of the new ride, the organization will be able to provide new interesting experiences for the children’s that further helps in enhancing the efficiency of the theme park. The revenue that is generated from the new ride will be helpful in improving the financial condition of the organization and also helps in improving the competitive position of the organization in the market. The objectives of the project are generally listed below: To develop a new ride for the theme park To attract the children by providing new interesting experiences To enhance the financial profit and for making the organization competitive A.2 Justification of the project The main aim of the entire project is to develop a new ride within the theme park for providing excellent experience of ride to the customers. Due to the new ride within the theme park, the children as well as youngsters get attracted to the ride and thus the number of visitors within the theme park generally increases and thus the profit that is generally earned from the park also get increase. It is found that the yearly revenue of the organization get increased which will further helpful for expanding the business of the organization. The new ride services that is mainly provided by the organization not only increases the budget of the organization but also helps in making the organization very much competitive in comparison to other organization.
3 PROJECT MANAGEMENT A.3 Estimation of the requirements breakdown structure The requirement breakdown structure or the RBS is generally referred as the decomposition of the different project need that will further be linked with the entire solution in order to deliver the business value of the project quite effectively (Kerzner and Kerzner 2017).The RBS structure generally includes functions, sub-functions, processes, activities as well as features. The BS for this specific project that is mainly undertaken in order to provide excellent ride to the children’s are generally reflected with the help of the figure that is generally given below: Figure 1: Requirement breakdown structure (Source: Created by Author) Business requirement Stakeholder requirementFunctional requirements User Roller coastal ride Transition requirement Non functional requirements Quality Constraints Assumption
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4 PROJECT MANAGEMENT A.4 Four quadrants of the Project Landscape It is found that the project generally have four different types of quadrants within the project landscapes that is generally showcased below. As per the image, If the entire project objectives are clear with clear solution then the project will remain within the linear incremental quadrant and on the other hand, if the project goals are not clear and the solution is clear then the project will remain within the extreme quadrant (Hornstein 2015).In addition to this, if both the goals as well as solution of the project are not clear then the project will be placed in the extreme quadrant (Kerzner 2017). Figure 2: Four quadrants (Source: Created by Author) From the above diagram or figure, it is analyzed that the development of new ride project that is generally undertaken will be remain the linear incremental quadrant as the both the goals as well as solutions of the project are generally considered to be clear. It is analyzed that the main goal of the project is to provide excellent experience of ride to the children and
5 PROJECT MANAGEMENT which is done within the development of a new ride. Thus, it is reflected that both the solutions as well as goals inked with the project are clear. A.5 Project Management Life Cycle The lifecycle of the project generally assists in illustrating the high level project procedures for the entire project that assists in elaborating the procedures in order to deliver the entire project success. The PM Lifecycle generally comprises of five different phases of the project including the starting phase, planning phase, execution, monitoring and project closure phase (Steenkamp and Bekker 2018).The project undergoes through all the steps or phases in order to successfully finish the work of the project within the expected time. Additionally, there are different types of project lifecycle that the project follows and they mainly include waterfall model, interactive model as well as adaptive approach. After analyzing the needs as well as requirements, the best approach is selected and as per which the entire project is collected by undergoing through all the phases (Hornstein 2015). It is identified the scope of the project is generally found as one of the important part that is associated with project planning that assists in recording as well as defining the entire deliverables of the project. The scope of the project is mainly considered to be helpful for accomplishing the project goals (Kerzner 2017).The scoping assists in making sure that the project scope is deigned quite effectively which further helps in enabling that the manager of the project will generally be able to allocate the cost as well as labours or successfully completing the project. A.6 Appropriate PMLC for the entire project It is identified that in this particular project, incremental life cycle of the project is considered to be very much appropriate. Within this approach or lifecycle model, the team of the project works on a specific set of project deliverables that are signed off. This approach
6 PROJECT MANAGEMENT mainly uses different types of steps such that the project development generally goes within the linear fashion that generally starts from the kick off phase of the entire project. This particular approach is considered to be useful with various types of steps that include design, testing as well as implementation (Wong et al., 2017).These types of steps are generally disintegrated into a number of sub categories however it is analyzed that the project incremental model mainly utilizes the same type of pattern. This lifecycle of the project is mainly found to be important as this particular approach is quite flexible that further needs less amount of money for changing the requirements as well as project scope. It is found to be quite easier to undertake testing as well as debugging during the project iteration process quite effectively. Moreover, it is analyzed that by using this specific PM Lifecycle, it will be very much easier for determining the different phases of the project very much efficiently. Part B B.1 Precedence table The precedence table for the entire project is generally showcased below: WBSTask NameDurationStartFinishPredecessors 0Roller coastal project24 days Mon 27-05- 19 Thu 27-06-19 1A2 days Mon 27-05- 19 Tue 28-05-19 2B2 days Wed 29-05- 19 Thu 30-05-191 3C3 days Wed 29-05- 19 Fri 31-05-191
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7 PROJECT MANAGEMENT 4D6 daysFri 31-05-19Fri 07-06-192 5E3 days Mon 03-06- 19 Wed 05-06-193 6F14 days Wed 29-05- 19 Mon 17-06-191 7G4 days Thu 06-06- 19 Tue 11-06-195 8H8 days Tue 18-06- 19 Thu 27-06-194,6,7 B.2 Gantt chart Figure 1: Gantt chart (Source: Created by Author)
8 PROJECT MANAGEMENT B.3 Network diagram Figure 2: Network diagram (Source: Created by Author) B.4 Histogram ABCDEFGH $ 0.00 $ 5,000.00 $ 10,000.00 $ 15,000.00 $ 20,000.00 $ 25,000.00 $ 30,000.00 Actual CostRemaining CostBaseline Cost Figure 3: Task cost overview histogram (Source: Created by Author) B.5 Reason behind the utilization of project Libre It is found that Project Libre is used in comparison to Microsoft project for developing the project plan for the Roller costal project. It is found that ProjectLibre is one of the free as well as open source management software systems that are mainly utilized as one of the standalone replacement for the Microsoft project. It is found that the project Libre is
9 PROJECT MANAGEMENT one of the software tool that is considered to be compatible with the MS project and thus the project that is created in MS project can be opened with Project Libre. In addition to this, it is found that the import as well as export capabilities that are generally present within the projecctLibre is also considered to be beneficial (Kostalova, Tetrevova and Svedik 2015). While creating a project, the project Libre utilizes similar approach as MS project and generally lists the project tasks, indents them and then sets proper duration, links as well as project predecessors. Moreover, the open source alternative software also includes number of other features including Gantt charts, work breakdown structure as well as network diagram. These are also compared with the features of the MS project. It is found that the users generally set proper dependencies, baselines as well as use number of calendars for properly reflecting the Woking as well as non-working days (Abramova, Pires and Bernardino 2016).It is found that the project Libre is generally a cloud version and it will further be helpful in extending the open source software within the cloud so that the project can be accessed at any time irrespective of the time and location It is found that unlike the single user desktop version, it is found that cloud version must be capable of handling multiple number of projects. Thus, the simple project management feature will generally be helpful. The team dashboard will be helpful in allowing different types of project collaboration from the members in various locations. It is found that the pricing will generally be offered with the simple monthly subscription procedure. In addition to this, it is found that the project Libre is quite perfect for the business that has single requirements of the project. It generally helps in handling the project with he traditional project management tools that generally take care of scheduling the projects based on different aspects (Weiet al.2017). Moreover, projecctLibre generally helps in supporting the social media like collaboration platform, forms as well as wikis.It generally helps n
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10 PROJECT MANAGEMENT supporting different types of code integration as well as a number of workflows that is generally utilized for tracking. Moreover, the ProjectLibre has generally limited is reporting features to dashboard with the proper ability of exporting the PDF without any type of restrictions. It is found that the present version of the project generally include the Microsoft project 2010 compatibility, ribbon user interface, earned value costing, Gantt chart, Pert graph, ask usage reports, work breakdown structure. Conclusion It can be concluded that the development of the new rise for the theme park not only helps in providing excellent riding services to the customers but also assists in increasing the revenue as well as completive advantage. It is analyzed that the project generally uses incremental PM Lifecycle for managing the project quite properly. However, it is identified that the use of the project Libre is generally reflected by developing Gantt chart and WBS for the roller costal project. Moreover, it is analyzed that the project Libre is one of the simple software tool that takes very much little for properly planning with the help of different key dates for successfully developing the project schedule.
11 PROJECT MANAGEMENT References Harrison, F. and Lock, D., 2017.Advanced project management: a structured approach. Routledge. Hornstein, H.A., 2015. The integration of project management and organizational change management is now a necessity.International Journal of Project Management,33(2), pp.291-298. Kerzner, H. and Kerzner, H.R., 2017.Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons. Kerzner,H.,2017.Projectmanagementmetrics,KPIs,anddashboards:aguideto measuring and monitoring project performance. John Wiley & Sons. Kostalova, J., Tetrevova, L. and Svedik, J., 2015. Support of project management methods by project management information system.Procedia-Social and Behavioral Sciences,210, pp.96-104. Liu, L. and Shang, L., 2019, February. Cost Management of Power Engineering Projects basedonBIMLifeCycle.In2018InternationalSymposiumonSocialScienceand Management Innovation (SSMI 2018). Atlantis Press. Steenkamp, J.R. and Bekker, M.C., 2018. Validating a project life-cycle review framework for mining projects at Exxaro.South African Journal of Industrial Engineering,29(1), pp.74- 85. Wei, K., Crowston, K., Eseryel, U. Y., & Heckman, R. (2017). Roles and politeness behavior incommunity-basedfree/libreopensourcesoftwaredevelopment.Information& Management,54(5), 573-582. Wong, W.Y., Yu, S.W. and Too, C.W., 2019, May. A Systematic Approach to Software Quality Assurance: The Relationship of Project Activities within Project Life Cycle and
12 PROJECT MANAGEMENT System Development Life Cycle. In2018 IEEE Conference on Systems, Process and Control (ICSPC)(pp. 123-128). IEEE.