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Project Management

   

Added on  2023-04-08

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Running Head: PROJECT MANAGEMENT
Project Management
Name of the Student
Name of the University
Project Management_1

1PROJECT MANAGEMENT
Executive Summary
The project is based on the merger of two offices of an insurance company. The company has
two existing offices in Al Ain and Abu Dhabi and the two offices will be merged into a new
office in Al Ain. Based on the requirements of the project, a project plan has been developed in
this report that includes detailed schedule plan, budget plan, human resource management plan,
communication plan, risk management plan, quality management plan and others. The schedule
and budget includes optimistic and likely timelines as well as crashed budget that can be
applicable for the project.
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2PROJECT MANAGEMENT
Table of Contents
1. Introduction..................................................................................................................................3
1.1 Purpose of the Report............................................................................................................3
1.2 Foreseeable Accomplishments..............................................................................................3
1.3 Plan of the Report..................................................................................................................3
2. Literature Review........................................................................................................................5
2.1 Main Issue..............................................................................................................................5
2.2 Techniques Used....................................................................................................................6
2.3 Contributions.........................................................................................................................6
3. Project Plan..................................................................................................................................7
3.1 Scope Management................................................................................................................7
3.1.1 Work Breakdown Structure............................................................................................7
3.1.2 Deployment Plan............................................................................................................9
3.1.3 Control Management....................................................................................................10
3.2 Schedule / Time Management.............................................................................................11
3.2.1 Project Schedule...........................................................................................................11
3.3 Cost / Budget Management.................................................................................................15
3.4 Quality Management...........................................................................................................17
3.5 Human Resource Management............................................................................................19
3.6 Communications Management............................................................................................19
3.7 Risk Management................................................................................................................20
3.8 Procurement Management...................................................................................................21
3.9 Compliance Related to Planning.........................................................................................21
3.10 Auditing Process................................................................................................................22
4. Conclusion.................................................................................................................................22
References......................................................................................................................................23
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3PROJECT MANAGEMENT
1. Introduction
1.1 Purpose of the Report
The purpose of this report is to develop a detailed project plan for an insurance company
operating in United Arab Emirates. Currently, the company has two separate branches in Abu
Dhabi and Al Ain but as per the plan of the company, a new office will be opened in Al Ain and
the two offices of Al Ain and Abu Dhabi will be merged together (Kerzner & Kerzner, 2017).
Accordingly, this report has been prepared to develop an appropriate project plan for
successfully completing the movement to the new office building and complete the merger of the
branches for the insurance company.
1.2 Foreseeable Accomplishments
The foreseeable accomplishments expected from the project are listed as follows.
Clearing and shutting down of the two old offices in Abu Dhabi and Al Ain
Preparation of the new office in the chosen building
Completing relocation to the new office building
Completing merger of the two branches with integration of working teams and
management teams from the two branches
1.3 Plan of the Report
This report includes the following components of project management in each of which,
detailed explanation will be provided regarding the project.
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4PROJECT MANAGEMENT
Scope Management – This section of the report will include detailed scope of the project
that will define the boundaries within which the project should exist. The scope will also define
the objectives and goals of the project that has to be met at the end of the project.
Schedule Management – This section includes a detailed timeline that will be followed
throughout the course of the project. The timeline includes the work packages, dependencies and
their durations along with optimistic, pessimistic and likely duration for each work package.
Budget Management – The budget management section explores the detailed estimation
for the budget that will be required for executing the project. The budget will take into
consideration optimistic and pessimistic schedules for determining the final estimated value.
Quality Management – This section of the report discusses quality management aspect of
the project i.e. the quality standards and requirements needed to meet the goals of the project.
Human Resource Management –This section deals with the specification of human
resources that will be required for the project along with their specific roles and responsibilities
in the project.
Communications Management – This section specifies the communication requirements
that must be followed and fulfilled by each of the stakeholders associated with the project.
Risk Management – This section includes detailed analysis regarding the possible risks
that might occur during the course of the project. In addition, the risks are graded considering
their chances of occurrence and degree of impact on the project and accordingly, suitable
mitigation plans have been suggested.
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5PROJECT MANAGEMENT
Procurement Management – This section explains the procurement requirements for the
project along with suitable management plan for controlling the procurement as per the
requirements of the project.
Compliance Related to Planning – The final section of the project explains compliance
requirements for the project i.e. how various aspects of the project need to comply with the
requirements and standards of the project.
2. Literature Review
Chosen Journals:
Sánchez, M. A. (2015). Integrating sustainability issues into project management. Journal of
Cleaner Production, 96, 319-330.
Silvius, A. J., & Schipper, R. P. (2014). Sustainability in project management: A literature
review and impact analysis. Social Business, 4(1), 63-96.
Martens, M. L., & Carvalho, M. M. (2017). Key factors of sustainability in project management
context: A survey exploring the project managers' perspective. International Journal of Project
Management, 35(6), 1084-1102.
2.1 Main Issue
One of the main issues identified from the project is stakeholder management for
sustainable development of the project. Based on the requirements of the project, any
stakeholders can be assigned but sustainability of the project is not ensured. It is important to
ensure the stakeholder roles and responsibilities are well defined and the stakeholders are able to
fulfill their duties as specified.
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