Understanding Project Management Concepts
Added on 2020-02-03
22 Pages5583 Words61 Views
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Project Management1
Table of ContentsINTRODUCTION................................................................................................................................3FIRST DELIVERABLE: FEASIBILITY STUDY..............................................................................3Project overview...............................................................................................................................3Statement of the problem..................................................................................................................4Defining project goals and objectives...............................................................................................4Defining project deliverables............................................................................................................5Creating work breakdown structure..................................................................................................6Key personnel and resources............................................................................................................6Budget...............................................................................................................................................7Risks.................................................................................................................................................7FINAL DELIVERABLE: PROJECT MANAGEMENT PLAN..........................................................9Executive summary..........................................................................................................................9Company background, mission statement for the new business and key performance indictors.....9Establishing performance goals and evaluation points for the new business implementation.......10Outline the project process and project evaluation.........................................................................10Personnel who implement and run the new business.....................................................................11Planning of basic resource allocation.............................................................................................12Preparing and analysing project budget..........................................................................................12Project purpose breakdown.............................................................................................................13Communication plan.......................................................................................................................14Work Breakdown Structure (WBS)................................................................................................15Project schedule..............................................................................................................................15Risk management plan....................................................................................................................18Design and prepare closure evaluation and reports........................................................................192
Final deliverable outline.................................................................................................................20CONCLUSION..................................................................................................................................20REFERENCES...................................................................................................................................223
INTRODUCTION Every business person or entrepreneur wants to enhance the sales of his services and wantsbe successful. To attain the business objectives in more successful manner, an organization needs avery careful planning and management of work within the limited available resources. ProjectManagement is one of the very effective tools that assist the companies to optimize existingresources and meet the business objectives. It defines the careful effort of planning and organizingthe work that aids in achieving project deliverables (Patanakul and Shenhar, 2012). The presentreport is based on project management and to understand its importance a new and unique businessin India is taking into the consideration. The chosen project for this is online rental services whichaim is to providing several rental services to the customers such as car, room, building, house etc.Objectives that will cover under the current study are fundamental concepts of project managementand the tasks required in managing a project and project process and evaluate projects, preparingand analysing project budgets. Along with this, the following study will put the sheds light onapplication of project management tools in scheduling, understand and plan basic resourceallocation as wells as preparation of closure evaluation and reports. FIRST DELIVERABLE: FEASIBILITY STUDYProject overviewThe project plan is relating to open an online rental services business in India. Problem statement: In India, the income level of the people has highly unequal which has limitedthem to buy all the time new and first hand things to meet the demand and requirements. Alongwith this, there are many persons in nation who think that they using the things on rent is betteroption as compare to purchase new objects to complete the needs all the time (Kerzner, 2013). Goal: By seen this problem, it has planned to start online rental services for the people of India.This project idea will help the people to use different kinds of things such as rooms, cars, printers,physical exercise accessories, fashionable clothing, building etc on rent for some limited timeduration (Morris, 2010). Criteria for success: The success criteria of the following project will attain project objectives andmeet deliverables. Along with this, the entire work will be completed within given constraints. Assumptions: The assumption behind this project is establishment of online rental service businessis based on users requirement and their benefits not for the organization any kind of personaladvantages (Meredith and Mantel Jr, 2011). Risks: Online rental service business will include several types of risks such as technology, leak of4
customer personal information, change in legislations, lack of skilled staff to develop applicationetc. Statement of the problemIn the present time, people are nowadays reducing the buying habit to purchase the goodsand services which has not used more than 1 or 2 time after purchasing. Further, there are manypersons in the community of India who are having less income level and unable buy all kind ofnecessary products and services to meet their demands and requirements. Along with this, some ofthe people are having plenty of various resources which are still not useful for them every time. Dueto this, to optimally utilize those sources for the other people who are looking towards the option oftaking commodities on rent, it has planned to come up with an idea of online rental servicesbusiness in India (Burke, 2013). Scope of the projectThe scope of the project is developing web based system for rental services only for thosepeople who are living or travelling to India. The function which cover in this project are focusingon arranging rental commodities and services and make them online reserve. Services users andservices providers will able to use the following system effectively. Brief introduction Online rental service business is completely a customized service for its users. With the helpof this, the service users can easily give and take the commodities on rent to each other and meettheir requirements (Schwalbe, 2015). PHP and web based platform will used to develop this systemfrom which customers can easily online reserve the objects for rent at anywhere in India.Stakeholders of this project will be renter i.e. customers, owner of rent products, employees ofonline rental business, owner of the business, financial institution etc. The development of webbased online business will be completed within 6 months. Defining project goals and objectivesGoals and objectives:To produce a web based system which allow customers to register and reserve goods andservice online.To create a system that will allow owners of rent products to register their goods andservices online for rent. To develop a system that can advertise products for rent online. To ease customers task whenever they needs the products on rent. To simplify the working of taking commodities on rent by reducing the paper work and5
response time of the system is very less. Timeline and milestonesThe timeline of online rental service business along with major milestones are as follows:Task NameDurationStartFinishOnline rental service website 25 wksThu 11/24/16Wed 5/17/17 Initiation 3 wksThu 11/24/16Wed 12/14/16 Planning 6 wksThu 12/8/16Wed 1/18/17 Implementation 8 wksThu 1/19/17Wed 3/15/17 Monitoring 6 wksThu 3/16/17Wed 4/26/17 Project closure3 wksThu 4/27/17Wed 5/17/17Defining project deliverablesOn the basis of the above stated project goals and objectives of establishing online rentalbusiness in India, project deliverables can be defined as follows:ObjectivesDeliverablesTo produce a web based system which allowcustomers to register and reserve goods andservice online.Web based rental system helps in collecting andstoring register every details of the renters. To create a system that will allow owners of rentproducts to register their goods and servicesonline for rent (Wysocki, 2011). Web based rental system helps in collecting andstoring register every details of owner of rendproducts. To develop a system that can advertise productsfor rent onlineWeb based rental system display advertisementon users screen on the basis of their priorities. To ease customers task whenever they needs theproducts on rentWeb based rental system assists customers toreserve the rent goods at any time from anyplace (Walker, 2015). To simplify the working of taking commoditieson rent by reducing the paper work and responsetime of the system is very less. Web based rental system reduces complicationsand paper work requirements and agreementbetween renter and owner of rend product. 6
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