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Project Management Assignment Expansion

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Added on  2020-04-29

Project Management Assignment Expansion

   Added on 2020-04-29

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Project ManagementInstitutional AffiliationNameDateIntroduction
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Successful management of a project usually involves a series of stages and processes that are carried out by the project team (Heagney, 2011). This report explores the tasks required in the expansion of J.F Kennedy International Airport project.Setting up the project This was the first task for the project and involved measuring the value and feasibility of the project. Detailed costs and benefits for the proposed project were carried out at this stage to determine if the project was the most viable solution for the congestion challenges facing the Airport. This also involved carrying out a feasibility study where each of the possible solutions to the Airport’s problem was documented. Project charter was then established outlining the scope, objectives, and vision of the project and the involved stakeholders together with their roles andresponsibilities (Heagney, 2011). It also involved the appointment of the project team and the setting up of a project office for the team. Feasibility study and business case document were the tools used.Managing schedule A project’s schedule specifies activities, milestones, and activities for a project as well as the start and finish dates. After initiation of the project, comprehensive breakdown of all the activities involved in the project was carried out. This was thenfollowed by the assignment of various tasks involved in the project team members. The criteria for the successful completion of each project task was carried out underthis phase together with a comprehensive risk assessment, definition of the workingprocess and an explanation of reporting frequency and channels. Under this stage
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also options for obtaining resources, procuring all the necessary materials and acquisition of finances for the project were explained. Schedule management was carried out to ensure completion of the project in its desired quality within time and budget (Harned,2017).Managing finances A project budget refers to the necessary total amount of finances for the successful completion of a project within a particular period. It is dependent on the scope and timeframe of a project, Finances for the project were managed through identification and definition of all the costs that would be required for the project including administration costs, labor costs material and equipment costs. Finances were also managed by putting place a schedule explaining the cost that would be incurred in each stage of the project. Project Requirements, Expectations, and deliverables were identified accurately, confirmed with stakeholders and documented to facilitate the adoption of the correct financial estimates for the project. Key performance indicators were used to keep the project budget in check (Kloppenborg,2015).Managing benefits Project benefits are the anticipated positive outcomes of a project. They are the reasons for the initiation of a project. For this project, the benefits were decongesting the Airport and improving service delivery to clients. Project benefits were managed by starting the project earlier within the dates that were specified in the project plan to ensure that the outcome was as per the plan. This was then followed by the establishment of project objectives to facilitate the realization of the
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