Project Management

Running head: PROJECT MANAGEMENT
Project Management
Name of the student
Name of the university
Author Note:

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PROJECT MANAGEMENT
Table of Contents
Introduction......................................................................................................................................4
Activity 1.........................................................................................................................................4
Objectives of the Business...........................................................................................................4
Reasons for Selection of Banbury...............................................................................................4
Subdivisions of the Project..........................................................................................................5
High Level Estimate....................................................................................................................5
Summary of the Plan...................................................................................................................6
Activity 2.........................................................................................................................................7
Project Management Methodology..............................................................................................7
Figure No 1: Project Management Framework...........................................................................8
PMBOK.......................................................................................................................................8
Other Major Project Management Methods................................................................................9
Choice of Project Methodology.................................................................................................10
PRINCE2 Methodology.............................................................................................................10
Figure 2: Themes of PRINCE2 Methodology...........................................................................11
Advantages of the Method.........................................................................................................11
Disadvantages of the Method....................................................................................................11
Feasibility of the Method...........................................................................................................11

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Table No 1: Roles and Responsibilities Table...........................................................................13
Activity 3.......................................................................................................................................13
Project Overview...........................................................................................................................13
Milestones of the project...........................................................................................................13
Risk Management Plan..............................................................................................................14
Communication Plan.................................................................................................................14
Communication Steps................................................................................................................14
Activity 4.......................................................................................................................................15
Team Structure, Project Quality and Change Management..........................................................15
Team Structure...........................................................................................................................15
Project Quality...........................................................................................................................15
Change Management.................................................................................................................16
Activity 5.......................................................................................................................................16
Risk Management......................................................................................................................16
Activity 6.......................................................................................................................................17
Tasks in Final Stages.................................................................................................................17
Conclusion.................................................................................................................................18
References......................................................................................................................................19

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Introduction
“Top Consultancy” is one of the leading business firms of London that deals in providing
consultancy services to different kinds of business organizations globally. The business
enterprise specializes in the area of development of business management and most of the clients
it has deals with the same problem. The company has a team of 10 people to look after the
administrative functions of the company. In recent times the MD of the organization has wished
to relocate the office to Banbury, Oxfordshire in view of reducing costs and retaining the current
staffs. I was assigned by the MD in order to lead a small group of team who will plan and
execute the total process of relocation.
Activity 1
Objectives of the Business
The objectives of the business are as follows;
a. To stay committed to an annual income growth of 10% and retain the earning capacity
b. Utmost care to ensure the retention of the current set of clients
c. Prevention of any changes to the service being provided
d. Enhancing profitability by means of reduction of costs
Reasons for Selection of Banbury
The reasons to select Banbury as the spot for office relocation are as follows;
a. Banbury is among the top 20 hotspots in and around London for relocation of office
b. Easy Accessibility from London
c. Good selection of schools and cheaper than other towns and cities close to London

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d. Urban area considered as a place for central retail and commercial services
Subdivisions of the Project
The creation of a master project involving the total relocation of the business from
London to Banbury will require enhanced planning and thus the larger task will be sub-divided
into smaller parts and will allow us to delegate these tasks to a small group of experts according
to the demand. Some of the sub projects under the relocation plan are as follows;
 Improvement of Consultancy Services- The main objective of the business is the
improvement of the consultancy services. The relocation will provide the company with
all the needed technologies to develop the consultancy services
 Improvement of technological aspects of the company- The consultancy services mainly
requires the presence o0f a proper methods of communication in order to ensure that the
company is able to meet the technological aspects needed to create a great
communication.
 Improvement in Work Space Design- The goal of the management of the organization is
to create practical solutions in order to close in the gaps in between the current and
optimal business performances. The following move needs to produce a successful
outcome in all the aspects like that of technology, consultancy, furniture and the general
fit out.
High Level Estimate
A high level estimate has been created and presented by me according to the demands of
the Managing Director of “Top Consultancy”. The purpose of a high level estimate involving

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cost and time is mainly to determine and finalize the size of the project. The project has been
planned by me by following a number of different steps. This includes the likes of;
a. Identification of the products
b. Listing the resources needed
c. Calculation of the effort and the costs
d. Setting out different time scales for cost
Summary of the Plan
I have estimated that it will take around 1.5 months as an average to reach the point at
which the work space has been designed. The completion of the design will be followed by a
period of 2 months to refurbish the total place and install the necessary tools and machineries.
After this a time period of approximately another 1 month will be needed to install the IT,
unpacking and setting of IT and other things. The estimated cost for the project has been set at
pound £25,000. The human resources required for the project will include; Project manager and
the project team which will comprise the different staffs of the organization.
 Expense Management and Retaining- The expense that will be involved during the
process of relocating will include; relocation cost per employee, maintaining and
recording the records of tax, tracking of the costs, producing tax report and many more as
such. The change of the location will however not affect the number of clients. The
company can make arrangements to provide free consultancy services during the move or
a few days after the move. Such a move can ensure the success of the business
accordingly.