Project Management Assessment 1: University of Wales Trinity David (UTWTSD) Acquires New Building
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This project management assessment discusses the acquisition of a new building by University of Wales Trinity David (UTWTSD) to enhance their operational functions. It covers project goals, objectives, budget assumptions, constraints, stakeholder analysis, project organization structure, and control mechanism.
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 CONCLUSION................................................................................................................................3 REFERENCES................................................................................................................................4
INTRODUCTION Project management is the determined process that used in order to create the leading work. In regard to this it assist the businesses to achieve the organisational goals more efficiently. In addition to this by the implication of the project management in the on going process assist the organisation to utilise the resources in a more productive manner. It assist in analysing all the operational situation more carefully in order to develop the strategic plan in order to complete the derived task on time. Therefore the respected Have practice plays one of the vital role, as It facilitate in achieving the desired goal in specific time which ultimately helps in decreasing the operational cost. In regard to this, University of Wales acquired the new building which is Salisbury house. One of the foremost reason of starting the respected project is to increase the spaces for their university operational functions. In addition to complete the respected project various attributes will be opted out such as project scope, budget assumption and constraints. In addition to this, it will also address the involvement of stakeholders according to their power and interest in the mentioned project(Kerzner, 2022). MAIN BODY Project brief The university of Wales Trinity David (UTWTSD) acquired the new building in order to enhance their operational functions. In regard to this, the new building is situated near the respective university. One of the main purpose of acquired the new building is to create the additional facilities by enhancing their infrastructure. Moreover in order to fulfil the derived project, it is needed to adhere the effective project management planning in order to achieve the derived goal more effectively. In regard to this, by the implication of project initiation document all the important details can easily included in order to fulfil the project requirement. Project goals the project goal highlight the objective which need to achieve in a specific period of time. In regard to this, the main goal for the respected organisation is to developed the effective infrastructure near their university premises(Brewer, and Dittman, 2018). Development of new rooms in the new building which is Salisbury for the growing strength of the student.
Development of Administrate offices according to the requirement for the staff members of the university. Objectives one of the main objective of the mentioned project is to develop the appropriate reception space for all the concerning individuals. In order to fulfil the requirement of the growing number of student, it is needed to create the more adaptive classroom in the mentioned premisses.In addition to this lecture offices is plan create to fulfil the demand of the university strength. As the strength of the students is increasing in the mentioned university, so on their university records and documents. Therefore, it is needed to develop the administrative office in the mentioned house in order to maintain these records in more systematic manner. Moreover, it also comprises student lounge, kitchenette as well as toilet facilities for all the concern individuals (Kerzner, 2018). Critical success factors Critical success factors plays one of the vital role. As they ensures that the derived project got the success. In regard to this below are the highlight of these success factors that assist in performing all the operational activity more effectively. Moreover it facilitate in order to achieve the drive goal. Optimisation Executive support clear business objectives skilled resources Project Scope The above mentioned discussion has clearly stated that the respected organisation need to includes their campus structure in order to fulfil the requirement of the each individual. In addition to this, by the inclusion of effective operational structure the respected organisation can create themore effective premises through which all the requirement of the concern individual are fulfil. Therefore by creating the effective classroom and administrative offices the respected business can create more productive and effective operational culture.
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In order to fulfil the project according to the developed plan time, quality and cost plays one of the foremost important role in the successful project management. In addition, this these stated factors has the direct influence on the project(Kerzner, 2019). Time-Time management plays one of the vital role in every project. In regard to this all the task are bifurcated in the time bound scenario. Hence, any delays in the deadlines face thedirectinfluenceontheoverallcostofthebudget.Thereforeaneffective communication process should need to indulged to offer the effective guidelines in order to fulfil the specific objectives more effectively. Quality-The mentioned organisation offer the serviced in the educational sector. Hence it is needed to offer the safety and quality of services to all the concern stakeholders with the mentioned university. Therefore, the mentioned university should need to use quality inputs such as quality raw material, use of modern techniques and indulgent of skilled workforce in order to create the desired place according to the organisation goal. Cost-According to the requirement of the project. Budget assumption ParticularsUnit cost(£)Amount(£) raw material cost35000 Expenses of Employees Benefit20000 Tools and modern technology7000 Training to project team members25000 miscellaneous Expenditures1000 Cost of scheduling4000 Other cost1000 Total cost In order to fulfil the mentioned project, the respected origination need to deploy the 93000 pounds in their operational function I order to create the effective infrastructure according to their derived plan(Hair, and Sarstedt, 2021).
Available financial information: Projected cost£50000 Projected benefit£65000 Cost of capital15% PV of projected cost: = 50000/ (1+15%)1 = £43,478 PV of projected benefit = 65000/ (1+15%)1 = £56521.74 Cost benefit analysis: £56521.74/£43,478 = 1.3 Constraints The main aim of the mentioned project is to create the effective infrastructure in the name of Salisbury. By performing the mentioned function all the goals can be achieved more efficiently according to the derived timeline. Moreover in order To achieve the mentioned goals includes the number of risk factor that impact the project result. Therefore, by identifying these constraints can assist the mentioned university to reduce the risk before initiating the project. Risk Register S. No. Risk Description Likelih ood Impac t OwnerMitigationContingenc y Pre act ion wei ght ing sco re Pos t acti on wei ght ing Sco
re 1Inappropriate budgetcan causethe delayingin the project. HighHighDirectorBycreatingthe effectivebudget plantherespected universitycan performallthe derivedtaskmore effectively.Itwill alsoassistthemin order to achieve the task on deadlines. By implying allthetask in a detailed processcan assistthe organisation in achieving thetask according to the developed plan. 9 out 10 8 out 10 2Ineffective communicatio ninbetween the stakeholders highModer ate Project manager By the development ofeffective communication channels,the respected organisationcan deliverallthe Assigntaskmore effectivelyin betweentheir workforce.Which further can assist in achievingthegoal moreeffectively (Crawford, 2021). By addressing meeting and followup can assist in managing all thetask more effectively. 6 out 10 7 out 10 3Possibilities ofexternal LowHighOperation al director By the use effective tools and techniques Bythe adaptation 7 out 9 out
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hazardrisk such as heavy rain, earthquake and floods. thefutureriskof unforeseenhazard can be minimise. ofeffective toolsand techniques that assist in gettingthe reliable data totimely forecastthe weather data. 1010 Stakeholder and their involvement Stakeholder analysis Stakeholder analysis is the inclusion of the process in which concern individuals are identified which have that direct influence towards the project. Through the mentioned function all the internal and external stakeholders are derived which have interest in regard to the project as well as highlight their participation in regard to their power and interest level. Any got to this in the below mentioned discussion, the highlight of the stakeholders that belongs to the mentioned project will be described according to their power and interest level. High power high interestThe mentioned stakeholders have the direct influence on the organisation function as well as their activities can influence the project results. In addition to this they have the interest in the project operations as well as have the power to impact the operational activity of a project. In addition to this the project manager should need to adhere these types of stakeholders more seriously. Therefore all the updates regard to the project should be provided to these stakeholders on the regular basis. In regard to the mentioned project which is developing an effective university campus, directors and general managers are deployed under the mentioned category(Tonchia, Tonchia and Mahagaonkar, 2018). High power low interestIn this mentioned segment thosestakeholders are conclude which have the high power to influence the project results but have the low interest in the operational functions. In addition to complete the project more effectively, it is essential to fulfil their request in our to perform operational function more smoothly.In regard to their low interest
they doesn’t indulged in all the projects function in an active manner. Investors are conclude in this mentioned category. Low power high interestThese type of stakeholders have the high interest in the project function but has the low power in order to influence the result. Therefore these are the most reliable asset for the project completion. Hence the mentioned manager of the respective project should need to adhere these stakeholders more efficiently INR to create more value in their operational functions. Different suppliers are deployed under the mentioned category as they assist in order to create the new building through there involvement. Low power low interestthese are the stakeholders have low power as well as low interest in regard to the initiated project. Dutta Sachin are you this type of stakeholders are concluded at last in the mentioned list. People that employed in auto create the mentioned building are conclude in this respected category(Chofreh,and et. al., 2019). Project organisation structure and rules and responsibility Projectized organisational structure The mentioned structure assist the manager in order to deliver all the roles and responsibilities in between the concern individuals that relates to the developed project plan. In addition to this it assist in order to creates the effective project division which works vertically as well as offered the full authority to the managers to distribute all the tasks and roles in the team members according to their skills and knowledge. In addition to this all the Staffs thatindulged in the mention plan should need to report to the authorised staff. Moreover according to the mentioned project management plan includes several operational activities such as HR activity, operational activity and financial activity. All these derived panel should need to report to the concern manager in order to create the more effective flow of work. In regard to the above mentioned project plan it is needed that effective communication channels will be derived that assist in order to fulfill all the tasks more effectively without having any issues at the workplace. In regards to this, the project manager has the responsibility to eliminate the gap in between the channels through which teammates can create more effective communication plan bye decreasing the communication lines. Moreover by building that trust in the workplace assist in auto create effective leadership in the deployed project. Through these scenarios the manager can easily create more productive workplace culture as well as reduce the
risk of duplication of efforts. In addition to this by the inclusion of all these above activities could assist the management in order to achieve the derived goal at a specific deadline. Project control mechanism Work breakdown structureit is the responsibility of manager to perform all the project related tasks more effectively. Therefore by diversifying or breakdown big task into a smaller activities could assist the organisation or project manager to fulfil the target without missing any deadlines. Through the mentioned function all the tasks can effectively distributes between the team members which further can assist in achieving greater goals(Rodríguez-Riverom, and et. al., 2020). Monitor the project costby monitoring all the project activities timely will surely help the project manager in order to reduce the miscellaneous expenses as well as give them more effective insights earning guard to control the project functions in a defined budget. Risk managementby monitoring all the tasks and activities effectively could assist the manager in order to identify the risk that can impact the organisation plan. By creating effective strategic plan could assist them to perform the contingency plan. Moreover it assist the manager in order to timely mitigate the issues in order to ensure project efficiency. Some of the issues could be budget planning and ineffective communication. And these issue scan rectify through regular monitoring process. Reporting framework A proper effective communication is required in the success of any project. According to the project brief which is creating the effective educational building in which all the stakeholders uses the several communication channel to create more effective engagement with the team members to achieve the listed objectives according to the delivered timelines(Galli, 2018). Stakeholder NameEngagementChannelFrequency Project managerManage CloselyWith employeesin regular basis in order to create the effective communication pathway by the use of brief content as well Regularly
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as email. Investors and sponsorsKeep SatisfiedE-mails,andformal written document Every quarter Suppliersandtechnical person (software supplier and technicalpersonforonline webinar) Keep AdvisedMemos, MailsFormerly Maintenance team, managing staff MonitorNews reportWeekly Project planning with milestones Initiationin the mentioned stage all the requirements of the universities are highlighted which are development of extra class according to the increase number of students. Moreover, administrative offices need to be constructed in order to keep all the documents safe. Below are the objectives that identified in this stage which are Development of additional room in order to fulfil the increased strength in the university campus. Development of administrative office for the indulged staff Have identification of project stakeholders that assist in order to influence the project Planningin this mentioned stage an effective operational plan are developed by the help of project manager with the inclusion of all the stakeholders that can impact the project plan. In this mentioned stage and effective plan r finalised with the inclusion of dedicated guidelines. In addition to this, various task and practices are developed in the further process in order to create more effective workplace culture through which all the tasks should be achieved in a given timeline with the use of relatable cost(Aanbari, and Kwak, 2018). Executionall the derived plans that highlighted in the above discussionare executed in this mentioned stage. In addition to this effective supplies are classified under the mentioned category in which there is elections are depend upon the qualities of their raw materials which used in creating the classroom and infrastructure. Closurein the mention stage all the derived plans where achieve on the time such as development of administrative offices, kitchenette area and classroom on a derived specified
time. In addition to this all the investors concern were also fulfilled through the developed project. Therefore, the mentioned project achieve the milestone by the completion of all the activities on the derived deadlines(Bredillet, Tywoniak, and Tootoonchy, 2018). CONCLUSION From the analysis of above repeat it is clearly stated that to develop an effective project management, it is included a dedicated plans which includes effective budget plans, stakeholder analysis as well as project planning with milestones. In regards to this, above discussion has clearly stated all these stages in a detailed manner such as by creating the reporting framework and project control mechanism. Therefore by initiating all this function assist the project manager to creates the derived line at the specified deadline.
REFERENCES Books and Journals Kerzner, H., 2022.Project management case studies. John Wiley & Sons. Brewer, J. L. and Dittman, K. C., 2018.Methods of IT project management. Purdue University Press. Kerzner, H., 2018.Project management best practices: Achieving global excellence. John Wiley & Sons. Kerzner, H., 2019.Using the project management maturity model: strategic planning for project management. John Wiley & Sons. Hair, J.F. and Sarstedt, M., 2021. Explanation plus prediction—The logical focus of project management research.Project Management Journal,52(4), pp.319-322. Crawford, J.K., 2021.Project management maturity model. Auerbach Publications. Tonchia, S., Tonchia and Mahagaonkar, 2018.Industrial project management. Berlin: Springer. Chofreh, and et. al., 2019. The imperative and research directions of sustainable project management.Journal of Cleaner Production,238, p.117810. Rodríguez-Riverom, and et. al., 2020. Applying the strategic prospective approach to project management in a development project in Colombia.International Journal of Project Management,38(8), pp.534-547. Aanbari, F.T. and Kwak, Y.H., 2018, June. Impact on project management of allied disciplines. Project Management Institute. Bredillet, C., Tywoniak, S. and Tootoonchy, M., 2018. Why and how do project management officeschange?Astructuralanalysisapproach.InternationalJournalofProject Management,36(5), pp.744-761. Galli, B.J., 2018. Application of system engineering to project management: How to view their relationship.International Journal of System DynamicsApplications(IJSDA),7(4), pp.76-97.