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Project Management Paper

   

Added on  2019-12-03

30 Pages8436 Words293 Views
PROJECT MANAGEMENT

TABLE OF CONTENTSIntroduction......................................................................................................................................4LO1 analysis of the business objectives for the identification of the feasibility of the project.......41.1 Identification of projects required from an appraisal of established business objectives......41.2 Production of the sub-division of the project and estimation of time and resources requiredfor the project...............................................................................................................................5......................................................................................................................................................7Illustration Error! No sequence specified.: Network diagram.....................................................71.3 Suitable methodology for the project.....................................................................................71.4 Assessment of the feasibility of the project...........................................................................8Systems and planning for the initiating, managing and the controlling the project......................102.1 Devising structure for the administration and the management of the project....................102.2 Roles and responsibilities of the project manager...............................................................112.3 Detailed plan for the project................................................................................................13Organization and management of the project................................................................................153.1 Assessing the alternative project team structures.................................................................153.2 Interpersonal skills required for effective project management...........................................173.3 Quality management processes............................................................................................183.4 Procedures for managing change proposals.........................................................................20LO 4 Monitoring and controlling the progress of THE project.....................................................214.1 Identification of risks and issues which can become barrier for the project........................214.2 Monitoring and appraising the status of a project................................................................224.3 Control systems for the detection and management of the issues arising in the course ofproject........................................................................................................................................22LO 5 Evaluation and the closeout of project.................................................................................235.1 Identification of the issues and risks likely to be encountered in the final stages of theproject........................................................................................................................................235.2 Assessment of the essential project tasks to be completed in the final stages of the project....................................................................................................................................................24Conclusion ....................................................................................................................................25REFERENCES..............................................................................................................................26

INTRODUCTION Project refers to a group activity designed to achieve the desired output by theorganization. Project management refers to the application of the knowledge, skills andtechniques for the execution of the project with efficacy and effectively. The project reportfocuses on the feasible and convenient execution of the project (Bryde, 2003). It will include theimplications of the project and a suitable methodology for it along with the structure of thehuman resources for the organization. Procedure of the monitoring and controlling will beincluded in the project according to the detection of the management aspects in the business.Finally, risk management will be added along with the description of the necessary steps for thecompletion of the project.LO1: ANALYSIS OF THE BUSINESS OBJECTIVES FOR THE IDENTIFICATION OF THE FEASIBILITY OF THE PROJECT1.1 Identification of projects required from an appraisal of established business objectivesAnalysis of business needsA company is planning to relocate to the area around Banbury, Oxfordshire. The mainobjective of this relocation is to reduce cost and to increase the profitability of the business by10%. Therefore, the company is required to analyze its operational procedure.Reviewing operations and proceduresRegular examination of the operational processes is essential for the success of thebusiness and it should be undertaken based on suitable techniques of project management, takinginto consideration the cost benefit and the trend of the organization. The selected methodologyshould enhance the quality of the project and efficiently drive it towards an output that iscompliant with the requirements (Eve, 2007). It will make the process of the monitoring andcontrolling easier and help the project manager to complete the project in a shorter period witheconomical resource management. In the present project report, this business relocation is analyzed to attain the goal ofexpansion and the growth of the business. Apart from this, it is very important to review thebusiness operations and procedure so that suitable project can be identified for meeting therequirement of business. Alternative project cost benefit analysis 3| P a g e

Improvement in operational activities: Operational activities will be improved in order tofinancial objectives such as growth in revenue and profitability. Development of IT department: For this project, IT team will be developed who will workfor the improvement in existing IT systems of business. Management of human resources: This project will be focused on the minimization ofhuman resource costs associated with the move particularly associated with redundancy,recruitment and training.At this juncture, management can conduct cost benefit analysis which leads to provideinformation regarding project to be done. Not only this, time line, resources, budgeting andaccountability of project also need to be considered and accordingly project should be selected.In addition to this, team manager can also make arrangement for alternative project so thatbusiness objectives can be met on right time. Also, it facilitates to complete the project on righttime.1.2 Production of the sub-division of the project and estimation of time and resources requiredfor the projectProject sub-division: work breakdownProject management has to pay attention on work distribution in order to complete theproject efficiently. Distribution of tasks in the project management is crucial; if they are dividedinto proper stages and allocated to competent departments, efficiency will be facilitated (Brewer,and Strahorn, 2012). Three teams will be developed for the completion of work for threerespective activities. Work break down structure of the project will be as follows:4| P a g e

This structure will work as a guide for the business for completing the activities on time alongwith appropriate monitoring.Identifying time scalesTable 1: Time scale for completion of projectActivitiesList of activitiesDaysPredecessorsASupervisor meeting for planning for relocation1BAssessment of required resources3ACAssessment and Arrangement of financial sources5BDImplementation of planning7B, CECollection of resources3DFResource allocation in different activities6D, EGControlling and monitoring3FHVariance analysis in implemented project1G5| P a g eIllustration 1: work break down structure

IReview the project2HJNecessary modification for relocation3IIllustration 2: Gantt chart6| P a g e

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