1 PROJECT MANAGEMENT Table of Contents Part A.........................................................................................................................................2 A.1 Identification of the project.............................................................................................2 A.2 Ways in which the undertaken project creates business value........................................2 A.3 Estimation of requirement breakdown structure.............................................................3 A.4 Consideration of the four quadrants for the project landscapes......................................3 A.5 Project management life cycle and project scoping........................................................4 A.6 Appropriate PMLC for the project..................................................................................5 Part B..........................................................................................................................................5 B.1 Precedence table..............................................................................................................5 B.2 Gantt chart.......................................................................................................................7 B.3 Network analysis.............................................................................................................7 B.4 Resource chart.................................................................................................................8 B.5 Importance of project Libre for the development of schedule........................................8 Conclusion..................................................................................................................................9 Bibliography.............................................................................................................................11
2 PROJECT MANAGEMENT Part A A.1 Identification of the project The paper mainly reflects on the organization "Lightening Fast" that generally takes several projects for attracting more number of visitors by providing new as well as interesting services. The services mainly include new rides and different types of new experiences at affordable prices. The main project that is selected by the organization is the building of big tents with indoor play areas with mini restaurants as well as entertainers is generally offered. The tents will be present near the most popular regions. The objectives of the project are generally elaborated below: To make the waiting lines comfortable as well as less boring To increase the customers of the organization by providing new services To increase the revenue of the lightning theme park that generally influences the customers to spend more money on the snack as well as drinks. A.2 Ways in which the undertaken project creates business value It is found that the main aim of the project is to develop a big tent within the indoor play areas for the children with proper restaurants, entertainers as well as shops that sells snacks as well as other types of healthy food. The tents are generally present within the areas which are very much popular and are mainly high demand for the children's rides. With the help of this project, the people who are standing in the queue does not get bored and can be able to enjoy the services including jugglers, mini restaurant and can have snacks in order to have fun.This facility of the theme park generally attracts more people as no one wants to get bored. As a result, the yearly revenue of the organization generally increases, which
3 PROJECT MANAGEMENT further bring profit. In addition to this, excellent service by the developed big tents can also be helpful in increasing the brand value of the organization. A.3 Estimation of requirement breakdown structure Therequirementbreakdownstructureisdefinedasoneofthehierarchical decomposition of the various requirements that generally be related to the solution for deliveringtheexpectedbusinessvalue(Kerznerand Kerzner2017).Therequirement breakdown structures for this project are generally provided below. The diagram helps in reflecting that the business requirements of the organization is generally categorized into stakeholder requirements as well as transition requirements. Figure 1: Requirement breakdown structure (Source: Created by Author) A.4 Consideration of the four quadrants for the project landscapes The four different quadrants for the project landscape is generally reflected with the help of the image that is generally provided below: It is found that if the project solution is Business requirement Stakeholder requirement Functional requirements User Roller coastal ride Transition requirement Non functional requirements Quality Constraints Assumption
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MPx ExtremexPM Extreme TPM Linear Incremental APM Iterative Adaptive Clear ClearNot clear Not clear Solution G o a l 4 PROJECT MANAGEMENT clear and the project goal is unclear then the project remains within the 1stquadrant whereas when both the solution as well as project goal is not clear when the project will remain in the XPM quadrant (Kerzner 2017).Moreover, when both the solution as well as the goal of the project is clear, the project remains in TPM quadrants. Additionally, in the solution is not clear, and project goal is clear then the project will be present within APM methodologies. Figure 2: Four quadrants for the project landscapes (Source:Steenkamp and Bekker 2018, pp.77) It is identified that in the project of developing the big tent generally focuses on attracting more number of customers by providing proper facility of food as well as entertainment services so that the people does not get bored while standing in a queue. This helps in reflecting the big tent project generally have both clear goal and project solution and therefore the project will remain in the TPM quadrant.
5 PROJECT MANAGEMENT A.5 Project management life cycle and project scoping The PM lifecycle generally helps in elaborating the high level procedures of the project that further helps in describing the high level procedures for delivering the success of the entire project. It is found that the project management life cycle generally has four phases, which mainly includes the initiation phase, planning phase, execution phase, as well as closure phase (Steenkamp and Bekker 2018).It is found that there are numerous types of PM life cycle and they are waterfall model, interactive and incremental model as well as an adaptive life cycle. It is found that PM lifecycle is generally selected as per the needs as well as requirements of the project so that with the assistance of appropriate project management life cycle, the entire project can be executed successfully. On the other hand, it is found that project scope is considered as one of the significant parts of the project planning that assists in properly defining as well as recording the list of project deliverables as well as various types of features of the project. It is essential to follow the project scope in order to accomplish the objectives (Hornstein 2015). Proper project scoping helps in ensuring that the scope is accurately designed and it further enables the managers for allocating both the labour as well as costs that are necessary for finishing the project successfully. A.6 Appropriate PMLC for the project It is found that for this project, Iterative and Incremental Life Cycle will be more suitable. It is found that in the iterative as well as incremental life cycle, the project team generally starts working on a single set of project needs after they are generally signed off. Theincrementalapproachgenerallyutilizesanumberofsteps,andtherefore,the development of the project generally goes in a linear fashion starting from the initiation to the closure phase. This approach is generally used within different steps including design, implementation, testing as well as maintenance.Moreover, these steps can generally be
6 PROJECT MANAGEMENT broken down into further sub-categories however, it is found that the incremental model generally uses the same pattern. This project management lifecycle is considered to be very much important as this model is very much flexible and generally requires less money for changing the scope as well as project requirements (Wong et al. 2017).It is very much easier to test as well as debug during the iteration procedure properly. In addition to this, it is found that with the help of this type of project management life cycle, it will be quite easier to manage the project risks that are identified within the project phases. Part B B.1 Precedence table The table that is given below reflects on the predecessor of the project. WBSTask NameDurationStartFinishPredecessors 0Developing a coastal roller ride93 daysFri17-05- 19 Tue 24-09- 19 1Initiation phase16 daysFri17-05- 19 Fri07-06- 19 1.1Development of business case4 daysFri17-05- 19 Wed 22-05- 19 1.2Undertaking feasibility study3 daysThu 23-05- 19 Mon 27-05- 192 1.3Establishingproject charter4 daysTue28-05- 19 Fri31-05- 193 1.4Appointingteam members5 daysMon 03-06- 19 Fri07-06- 194 1.5Milestone 1: Completion of initiation phase0 daysFri07-06- 19 Fri07-06- 195 2Planning phase13 daysMon10- 06-19 Wed26- 06-19 2.1Development of resource plan5 daysMon 10-06- 19 Fri14-06- 195 2.2Development of financial plan5 daysMon 17-06- 19 Fri21-06- 198 2.3Development of risk management plan3 daysMon 24-06- 19 Wed 26-06- 199 2.4Milestone 2: Completion0 daysWed 26-06-Wed 26-06-10
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7 PROJECT MANAGEMENT of planning phase1919 3Execution phase55 daysThu 27-06- 19 Wed11- 09-19 3.1Determiningthe materials10 daysThu 27-06- 19 Wed 10-07- 1910 3.2Implementation of car of the roller coaster12 daysThu 11-07- 19 Fri26-07- 1913 3.3A standard full circuit coaster13 daysMon 29-07- 19 Wed 14-08- 1914 3.4Launching mechanism such as flywheel launch10 daysThu 15-08- 19 Wed 28-08- 1915 3.5Properly designed ride10 daysThu 29-08- 19 Wed 11-09- 1916 3.6Milestone 3: Completion of execution phase0 daysWed 11-09- 19 Wed 11-09- 1917 4Closure phase9 daysThu 12-09- 19 Tue 24-09- 19 4.1Post project review5 daysThu 12-09- 19 Wed 18-09- 1917 4.2Stakeholder sign off2 daysThu 19-09- 19 Fri20-09- 1920 4.3Documentation2 daysMon 23-09- 19 Tue24-09- 1921 4.4Milestone 4: Completion of closure phase0 daysTue24-09- 19 Tue24-09- 1922 B.2 Gantt chart The Gantt chart that is provided below helps in reflecting the schedule that the project follows for finishing the project.
8 PROJECT MANAGEMENT Figure 1: Gantt chart (Source: Created by Author) B.3 Network analysis The network diagram for the roller coastal project is created with the help of the project Libre and are reflected below that helps in showcasing the activities in red that are critical. Figure 2: Network diagram (Source: Created by Author) B.4 Resource chart The resource chart that is provided below helps in showcasing the time period for which the project team members generally work within the entire project. The chart below also showcases on the actual work, remaining work as well as the baseline work.
9 PROJECT MANAGEMENT Business analyst Project manager Finacial manager HR manager Risk maanger IT manager Mechanical engineer Workers Designing team 0 hrs 150 hrs 300 hrs Actual WorkRemaining Work Baseline Work Figure 3: Resource chart (Source: Created by Author) B.5 Importance of project Libre for the development of schedule Project Libre is one of the free as well as open source PM related software system that is generally anticipated as one of the unconnected replacement for the MS project. It is utilized for creating the project schedule for the development of the roller coastal project as project Libre are considered to be great for the project management, and it generally helps in developing the milestone as well as a timeline for the entire project quite accurately. Additionally, project Libre is very much simple and it generally takes very much little time for planning out the project with key dates for providing a nice graphics (Kostalova, Tetrevova and Svedik 2015).The other advantages due to which project Libre is used in this project are generally illustrated below: Core PM Functionality:This is considered as one of the alternative software that generally includes a number of features including Gantt charts, Work breakdown structure, Network diagram, resource charts as well as resource histograms. It is found that the users who use it can be able to set dependencies and can be capable of effectively generating the cost baseline and further utilizes a number of calendars for defining either the working or the
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10 PROJECT MANAGEMENT non-working days. In addition to this, it is considered s one of the reporting functionality that helps in displaying the dates of the project, task information as well as more. Enterprise cloud:Project Libre is considered as a busy that generally finalizes the cloud version. It generally has the capability of extending the open source software into a cloud version with generally can be accessed at any time. It is found that with the help of the single user desktop-based version, it is found that the cloud version is generally capable of properly handling a number of projects by the users (Abramova, Pires and Bernardino 2016). Therefore, it is found that simple project features will also be available. Proper project collaboration from the team members at different locations is helpful. Due to all this functionality, it is found that the project Libre is mainly utilized in order to develop the project for roller coastal ride. Additional advantage:It is found that the Projectlibre is considered to be very much compatible with MS project 2003, 2007 and 2010. It generally has both the import as well as export capabilities. It is found that in order to develop the entire project plan, it is quite necessary to have a simple approach those helps in listing as well as indenting the list of tasks (Weiet al.2017). In addition to this, they can set predecessors, durations, resources just like MS project. Moreover, they help in providing PDF based exporting as well as ribbon-based interface. Conclusion It can be concluded that the development of big tent project will bring proper benefits for the organization by attracting the customers with the help of the services. It is found that the project mainly utilizes incremental project management lifecycle in order to manage the entire project effectively. On the other hand, it is found that in order to develop the roller coastal ride, project Libre is mainly used. Moreover, the main reason for using project Libre
11 PROJECT MANAGEMENT is that it is quite simple and mainly takes very much little time for planning out the project with key dates for in order to develop the project schedule.
12 PROJECT MANAGEMENT Bibliography Abramova, V., Pires, F. and Bernardino, J., 2016. Open Source and Proprietary Project Management Tools for SMEs.Journal of Information Systems Engineering & Management, 1(3), pp.177-186. 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.
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13 PROJECT MANAGEMENT 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 System Development Life Cycle. In2018 IEEE Conference on Systems, Process and Control (ICSPC)(pp. 123-128). IEEE.