Project Management Building a One Bedroom House Bungalow

Project Management -
Building a One Bedroom
House Bungalow
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Table of Contents
INTRODUCTION...........................................................................................................................3
Business Case...................................................................................................................................3
Business Problem........................................................................................................................3
Benefits.......................................................................................................................................3
Stakeholder Analysis...................................................................................................................3
SMART Objectives..........................................................................................................................5
Work Breakdown Structure.............................................................................................................5
Activity List................................................................................................................................7
Risk Management.......................................................................................................................8
Activity Scheduling.......................................................................................................................12
Gantt Chart and Critical Path....................................................................................................12
Budget Modelling..........................................................................................................................13
Project Execution Challenges........................................................................................................15
CONCLUSION..............................................................................................................................15
REFERENCES..............................................................................................................................16
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INTRODUCTION
The application of processes, knowledge and skills in order to achieve the goals and
objectives of a project. It is an important component in order to complete a project as it ensures
that the client receives the right deliverables (Bjorvatn and Wald, 2018). There are many benefits
of effective project management, like it helps in prioritising the resources available within the
business and ensure that they are used efficiently. The project for this report is to build a one-
bedroom house bungalow. The client has provided certain specifications that need to be
delivered on time. If the project is managed effectively, the output will be delivered within the
provided time frame. Therefore, it is important for the project manager to take informed
decisions so that the project is completed properly.
Business Case
Business Problem
The business problem in this case is that the client wants to build a one bedroom house
bungalow. This is because the current area is not sufficient and also, there is a lack of resources.
This is the reason why the client wants to get a new bungalow built. The bungalow will be built
in a time span of 6 months.
Benefits
The benefits of undertaking this project will be that the there will be a better availability
of resources (Bredillet, Tywoniak and Tootoonchy, 2018). Also, the area in which the house
bungalow will be built, will be better as compared to the existing one.
Stakeholder Analysis
This is an analysis which can help an organisation in identifying the different
stakeholders of the company based on their levels of power as well as interest. A stakeholder
analysis is described below -
High Power, High Interest – Stakeholders that come under this category are considered
to be the most important stakeholders for the company. They should always be kept happy and
be informed about the progress of the project regularly. The general manager and owner of the
project will come in this category.
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High Power, Low Interest – Stakeholders who come under this category possess high
power and low interest in the project. It is important to keep these stakeholders satisfied. But it is
important to keep in mind that these stakeholders should be over-communicated with, as it can
lead them to lose their interest in the project. Customers, investors and sponsors fall into this
category.
Low Power, High Interest – These stakeholders should be kept informed about the
project and should be checked-in with regularly (Stakeholder Analysis, 2020). This is done in
order to make sure that they do not face any issues with the project. Suppliers and employees in
this category.
Low Power, Low Interest – These stakeholders should only be informed about the
project periodically. This is because they possess low power as well as low interest. The
receptionist, security guard come under this category.
Therefore, stakeholder analysis is an important framework that can help the respective
organisation in identifying the right stakeholders and communicating with them from time to
time. This will lead to better decision-making and keeping the stakeholders satisfied as well.
Communication Plan
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Illustration 1: Stakeholder Analysis
Source : Stakeholder Analysis, 2020