Project Management: Case Study of Bucks Student Union Music Festival

Project Management

Table of Contents
INTRODUCTION...........................................................................................................................1
Bucks Student Union Music Festival Case Study............................................................................1
TASK 1............................................................................................................................................1
Comparison of project management methodologies along with advantages and disadvantages1
TASK 2............................................................................................................................................2
Network diagram that shows early starting time, the latest starting time, the earliest finishing
time and the latest finishing time................................................................................................2
TASK 3............................................................................................................................................5
Stakeholder analysis as per their interest and power..................................................................5
Work breakdown structure of music festival..............................................................................7
TASK 4............................................................................................................................................8
Risk Analysis for 5 risks that could affect project along with strategies to resolve them..........8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Project management is a process by which project managers lead work of their team with
the main aim of achieving set project goals (Armenia and et.al., 2019). This present study is
based on music concert that Bucks Students’ union want to host at the local town hall for
celebrating achievements of Alumni. This project is going to discuss role of preparing Gantt
chart and critical network path and ways in which it can help this group in selecting the best path
for completing project in a timely manner. Further, it will discuss importance of stakeholder
analysis and risk analysis in project management.
Bucks Student Union Music Festival Case Study
TASK 1
Comparison of project management methodologies along with advantages and disadvantages
Before discussing different project management methodologies, it is important to understand
what does this refer. In regard to this, it can be said that it is a system of principles, processes
and techniques that are being used by project managers for completing project in a successful
manner. There are mainly 3 methodologies such as:
Waterfall: It is the linear of all project management methods and traditional approach.
As we all know that water flows downward and as like this all phases of project management
flow downward as per this methodology and that is why this is known as waterfall (Chari and
Agrawal, 2018). Project manager can move to other phase only when they complete first phase
with effectiveness.
Advantages
 As per this methodology, project manager uses clear structure.
 Information can be transformed in better manner
Disadvantages
 Changes cannot be made once phases are completed
 Testing can be delayed as it can be done only after completing project
Agile: It is all about self-organisation through collaboration. While working as per this
methodology, team members need to adapt project planning and work management. The main
focus is on process improvement. Projects can be completed successfully only when team
members adapt changes. It is beneficial for product development projects.
Advantages
1

 Changes can be made in current release of products and phases.
 Delivery of project is unremitting.
Disadvantages
 Less documentation can create problems.
 As compared to others, requirements are unclear
Prince 2: It is known as project IN controlled environment that is a structured certified.
It was created for completing IT projects. It is not suitable for small projects and it is often used
by governments for completing big projects (Esteki, Gandomani and Farsani, 2020).
Advantages
Focus is on outputs and provide continuous improvements
It leads better communication.
Disadvantages
 There is requirement of excessive documentations
TASK 2
Network diagram that shows early starting time, the latest starting time, the earliest finishing
time and the latest finishing time
Task Name Duration Start Finish Predecessors Early Start Early Finish
Budgetary approval 1 day Thu
10/28/21
Thu
10/28/21 Thu 10/28/21 Thu 10/28/21
Hiring public director 14 days Fri
10/29/21
Wed
11/17/21 1 Fri 10/29/21 Wed
11/17/21
Hiring of set designer 14 days Fri
10/29/21
Wed
11/17/21 1 Fri 10/29/21 Wed
11/17/21
Hire place for taking
audition 7 days Thu
11/18/21
Fri
11/26/21 2 Thu 11/18/21 Fri 11/26/21
Advertising to hire cast
and crew members 7 days Mon
11/29/21
Tue
12/7/21 4 Mon
11/29/21 Tue 12/7/21
Hiring publicity crew and
production members 28 days Wed
12/8/21 Fri 1/14/22 5 Wed 12/8/21 Fri 1/14/22
Setting building and
design 42 days Mon
1/17/22
Tue
3/15/22 3,6 Mon 1/17/22 Tue 3/15/22
Training to production
crew department 12 days Mon
1/17/22 Tue 2/1/22 3,6 Mon 1/17/22 Tue 2/1/22
Conduct audition to hire 2 days Wed Thu 5 Wed 12/8/21 Thu 12/9/21
2