Project Management Assignment- The Old Farm House
Added on 2020-06-06
20 Pages4281 Words172 Views
PROJECT MANAGEMENT
TABLE OF CONTENTSTOPIC 1: Project Management Introduction, Charter and Kick-off...............................................11.1 Project Selection Prioritisation Matrix.............................................................................11.2 Scope Overview................................................................................................................11.3 Milestone Schedule and Deliverables..............................................................................21.4 Initial Risk Identification..................................................................................................21.5 Resources Required..........................................................................................................31.6 Initial Stakeholder Identification......................................................................................31.7 Team Operating Principles...............................................................................................31.8 Lessons Learned...............................................................................................................41.9 Commitment.....................................................................................................................4TOPIC 2: Communication plan, WBS, and RACI..........................................................................42.1 Stakeholder Prioritization Matrix.....................................................................................42.2 Project Communications Matrix.......................................................................................52.3 Work Breakdown Structure..............................................................................................62.4 The RACI chart................................................................................................................6TOPIC 3:..........................................................................................................................................73.1 Activity on Node..............................................................................................................73.2 Time Estimation...............................................................................................................83.2.1 Time Estimation – Enumeration method..................................................................93.2.2 Time Estimation – Two Pass Method.......................................................................93.3 Critical path....................................................................................................................103.4 Resource Loading...........................................................................................................103.5 Gantt chart......................................................................................................................113.6 Resources and cost to activity........................................................................................12TOPIC 4: Progress reporting scope change, and crashing.............................................................134.1 Crashing the project........................................................................................................13TOPIC 5: Risk management, and Quality management................................................................155.1 Risk Identification I........................................................................................................155.2 Risk Identification II.......................................................................................................155.3 Risk Identification III.....................................................................................................16
TOPIC 1: Project Management Introduction, Charter and Kick-off1.1 Project Selection Prioritisation MatrixProject/Selection CriteriaPotentialMonetaryGainSuccessProbabilitySocialOpinionWeight:5103TotalConstruction Project:International Hotel, Hawaii1055(5*10) = 50(10*5) = 50(3*5) = 15(50+50+15) =115Construction Project: LocalHotel, Brisbane864(5*8) = 40(10*6) = 60(3*4) = 12(40+60+12) =112Infrastructure Project: HighSpeed Rail – Sydney toMelbourne938(5*9) = 45(10*3) = 30(3*8) = 24(45+30+24) =99Investment project: The OldFarm House7710(5*7) = 35(10*7) = 70(3*10) = 30(35+70+30) =135According to the above stated matrix it has been found that lowest and highest score iswith the infrastructure and investment project respectively. Therefore, investment project withrespect to The Old Farm House will be the best option in order to make profitable decision. 1.2 Scope OverviewThe present business case is related to renovation of the Old Farm House where owner isgoing to make an investment. Scope of this particular case is that, it will support to person who isgoing to renovate the old house in order to generate sum of money. In the present times, the farmhouse is not used by anyone but as owner renovate it then peoples will take house on rental basis.When looking at the financial aspect then very less amount has to invest in the project which isworth of $10,000. Along with this, time taken in order to accomplish the renovation project isalso less. Therefore, the Old Farm House project has key scope is gaining amount in terms ofrent. 1
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Project Management Assessment II Workbook - Old Farm House Business Caselg...
|25
|5147
|223
Project Management Workbook for MNG91217 Assessment IIlg...
|23
|4097
|161
Developing a Charter: Elements, Decision-Making, and Project Selection Prioritization Matrixlg...
|13
|1647
|415
Communication plan, WBS, and RACIlg...
|29
|6263
|82
Project on Repair work for Beachside cottagelg...
|46
|4630
|69
Project Management Assessment 2: Weeks 4-10lg...
|28
|6244
|216