Project Management and PID Analysis

This assignment delves into the realm of project management, particularly emphasizing the importance of Project Identification Documents (PIDs). It provides a detailed analysis of a sample PID for the Canary Wharf project, highlighting key elements such as project title, developer, sponsor, budget, timeline, strategic aim, and objectives. The document also includes a discussion on the triple constraint triangle, illustrating its relevance in managing projects effectively.

PROJECT
MANAGEMENT

TABLE OF CONTENTS
Introduction :- .................................................................................................................................3
Sample PID :- ..................................................................................................................................3
Brief overview :-..............................................................................................................................3
Outline of the cost :- .......................................................................................................................3
Time scale :- ....................................................................................................................................4
Key people :- ...................................................................................................................................4
Strategic aims :- .............................................................................................................................5
Objectives and outlines of the report :- ...........................................................................................5
Stakeholders :-.................................................................................................................................5
Team :-.............................................................................................................................................7
Time management :- .......................................................................................................................8
Risk management :- ........................................................................................................................8
Cost management :- ........................................................................................................................9
Triple constraint triangle :- ...........................................................................................................10
Methodologies and procedures :- ..................................................................................................12
Success / Failure :- ........................................................................................................................12
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INTRODUCTION :-
Construction industry works for building infrastructure and developing and making
buildings. planned approach is required for carrying out required work in the construction sector.
In the present report research has been carried out regarding the construction of Canary Wharf
multi project. The report describes about brief overview of the company and outline of the cost
that occur while carrying out and completing the project has also been mentioned. In addition to
that key people and strategic aims of the business and triple constraint triangle has been
described.
SAMPLE PID :-
The project for construction of Canary Wharf Multi project has been developed by Paul
Reichman and he is working as a project developer. The construction project is sponsored by
three different organizations. First is Dockland Development Corporation, conducted Margaret
Thatcher. Second is Olympia and York, the company of Paul Reichmann. Third is Songbird
Estates, led by US investment bank Morgan Stanley. Phase two of the project will be for the
duration of 1997- 2002 and construction of four different buildings will take place during this
period. HSBC tower, Citigroup center, Heron Quays and Jubilee line will be constructed during
this phase.
BRIEF OVERVIEW :-
Canary Wharf multi project will be started in the year 1988 and it will be completed in
two different phases. In 2004 Canary Wharf was bought over by Songbird Estates banked by
Morgan Stanley investment bank, ending Reichmann’s 20-year involvement with the project. In
2004 Canary Wharf was bought over by Songbird Estates banked by Morgan Stanley investment
bank, ending Reichmann’s 20-year involvement with the project. Moreover In 2014 Canary
Wharf spread to the east, planning to build 30 new building at Wood Wharf, including 57-storey
cylindrical residential skyscraper facing the waters of South Dock.
OUTLINE OF THE COST :-
The project will be started in 1987 and all the action plans and strategies for completing
the project will be formed during this phase. Major construction part will be started in the year
1988 and no finishing date has been determined for completing the project. It has been estimated
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while making the plans that expected budget for completing the project is £62 million however
total investment that have been made up to the date is £4.5 billion.
TIME SCALE :-
Overall project will be completed in two different phases and specific activities will ve
completed in each phase. The duration of First phase will be 1988-1991 and 4 different
activitioes will be completed. As per the plans One Canada Square, Westferry Circus and Cabot
Square, Two additioanl sides of Canada Square and The extension of Jubilee Line had been
planned. In the construction all the required construction activities will be completed during this
phase. No finishing date has been determined for completing the project.
KEY PEOPLE :-
Paul Reichman has been appointed as project developer. He will be accontable for
executing all the necessary activities of the project. Key people and their role in executing the
project is as described :-
People included in the project board of the organization are as described :-
Sir George Iacobescu CBE - Chief Executive Officer and Chairman - Executive Board - Since
august 2011 Sir George Iacobescu became the CBE Chairman and Chief Executive Officer
1.
2. A Peter Anderson II - Director - Non-Executive Board
3. Richard Archer - Director - Non-Executive Board
4. Clifford Bryant - Director - Non-Executive Board
5. Howard Dawber - Director - Non-Executive Board
6. Ian Ferguson - Director - Non-Executive Board
7. John Garwood - Director - Non-Executive Board
8. Christopher Henderson - Director - Non-Executive Board
9. Anthony Jordan - Director - Non-Executive Board
10. Russell Lyons - Director - Non-Executive Board
11. -Corman MacCrann - Director - Non-Executive Board
12. Camille Waxer - Director - Non-Executive Board
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STRATEGIC AIMS :-
Major aim for Canary Wharf Group is to design, build and manage Central London's Highest
quality and best value and most sustainable office, retail and residential buildings and districts.
Company is determined for delivering better values to the consumers and gaining loyalty of
consumers for long time.
OBJECTIVES AND OUTLINES OF THE REPORT :-
1. Objectives of the Canary Wharf Group project is to reborn the activity of
the old port by giving a new perspective.
2. Another objective of the project is to Construct the Architectural
Skyscraper building of London.
3. Canary Wharf is working with the objective to build One Canada Square.
4. Objective of the firm is to expand its existing construction business so that
profitability and financial revenues of the entity can be enhanced.
5. Objective of the firm is to construct HSBC Tower.
STAKEHOLDERS :-
Group Canary Wharf Stakeholders includes tenants and occupiers, shoppers, the local
community, employees, local and central Government suppliers and investors. Engaging with
Stakeholders on a regular basis states in meetings where they listen their concerns and listen their
concerns and ideas for improvement.
In doing this, we work with all our stakeholders to create and nurture vibrant, inclusive
communities that meet today’s economic, environmental and social needs while anticipating
those of tomorrow (Canary Wharf).”Major stakeholders that play a key and prominent role in
completing the project are as described :-
Stakeholders Role played by them
Tenants and occupiers Tenants and occupiers are responsible for taking appropriate
measures for mitigating the risk that
Shoppers Shoppers gives raw material and machinery equipment that
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are required for completing the project and it also helps for
carrying out the necessary operational activities of the
project.
Local community people Project activities are completed in the local community area
and support given by them assist for completing all the
necessary and required activities of the project.
Employees Operational and functional activities that are needs to be
completed are done by the positive efforts that are given by
staff members of the company.
Local and central government
suppliers
Required raw material and other equipment that are needed
for completing the project are supplied by the suppliers.
Investors Necessary fund and finance that are required for completing
the project is also provided by the investors.
It is required that all the prominent stakeholders should provide their necessary support
and other resources that is required by them for completing the required construction project.
Occupiers and tenants are responsible for taking effective measures for reducing the risks that are
being faced by them. Occupiers are liable for properly understanding the factors and elements
that are likely to cause risks while the project implementation cycle.
In-depth analysis of location specific risk is done by the occupier and options are
provided by them for taking effective measures for reducing the risks that are faced by them.
Shoppers gives necessary raw material that is required for completing all the construction
activities. Other than that local community people renders necessary support so that all the
constructions activities can be completed properly.
Employees completes all the necessary functional activities by completing all their
assigned task and job responsibility. Local and government suppliers provides necessary raw
material that is required by them for completing all the necessary construction activities. Finance
and investments are one of the most essential elements that are required for carrying out the work
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in the construction industry. Investors provide necessary money that is required by them. All the
construction activities of phase 1 and phase 2 are completed by funds that are provided by the
investors and it helps for constructing buildings and other required infrastructure.
TEAM :-
It is assertive that positive support should be given by all the people that are associated
with the project. Mutual cooperation of all the staff members is required and it aids for
accomplishing all the necessary activities of the project on due time (Klarsfeld and Tatli, 2014).
Team working helps for involving mutual support of all the team members and joint efforts made
by all people will help for completing all the required activities of the construction project in
better way. Belbin's team role and their effectiveness for completing the construction project are
as described :-
Resource investigator :- ideas are provided for completing all the necessary construction
activities and necessary resources that are needed for carrying out the required task are also
provided by resource Investigator (Galliers and Leidner, 2014).
Team worker :- assistance is provided to team and all the group members are provided with the
help to complete all the required work activities.
Co-ordinator :- All the necessary activities are organized by coordinator and specific job roles
and duties are assigned to individual employee.
Plant :- It is required that individual working at this team role should be creative and innovative
and creative ideas should be provided for resolving the problems that are faced by the whole
team.
Monitor and Evaluator :- Logical guidelines are provided by person working as monitor and
evaluator and all the functional activities that are performed are controlled by individual working
at this job role.
Specialist :- team worker working as specialist provides deep knowledge that is required for
completing a task and it is required that person should be capable enough for rendering required
knowledge for completing a task in effective way.
Shaper :- Motivation and encouragement is provided by individual working as shaper and it is
essential that person working at this job role should be dynamics and challenging.
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Implementer :- Strategies and action plans are made by the person working as Implementer and
it helps in completing all the required work activities in effective way (Schwalbe, 2015). It is
required that person working as an implementer should be practical and reliable. It is also
required that al the work activities should be arranged and organized by the implementer.
Completer-finisher :- Individual working at this role is accountable for finishing all the tasks
that have been performed. Quality of all the tasks and work activities is checked by person
working as a Completer-finisher.
All the staff members and top management and middle level management people will be
divided in the team and they will be accountable for playing their assigned role in effective
manner. Key people who are involved in completing all the necessary construction project
activities includes. Paul Reichman has been appointed as project developer and he is responsible
for assigning specific job roles to all the individuals. Necessary construction activities including
infrastructure building in phase one and phase two will be completed in effective way. In
addition to that team working will help for building all the construction projects in systematic
and step by step manner.
TIME MANAGEMENT :-
Activities Times duration Predecessors
Planning
1 Identifying the
location
7 days
2 Determining the risk
factors that are
involved
20 days 1
3 Gathering information
from site Engineers
25 days 1,2
4 Political factors 10 days 1,2,3
5 Determining cost 20 days 5
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6 Identifying the
materials that will be
required
15 days 5,6
7 Identifying suppliers 25 days 5,6,7
8 Determining key
employees
18 days 8
9 Identifying total
workers who will be
required
10 days 8.9
10 Developing teams 10 days 8,9,10
11 Developing strategies
for reducing risk
15 days 11
12 Monitoring the
performance
28 days 12
13 Structuring the plan
into action
45 days 9, 12, 13
14 Recommending
strategies for
improvement
15 days 14
15 Closure of the project 20 days 14, 15
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10

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RISK MANAGEMENT :-
The project was politically controversial and widely regarded as a planning disaster. m
risk that are associated with the project are as follows :-
 Lack of proper transportation :- The risks that phase one of Canary Wharf met were
problems with poor transport links, a recession in the London property market,
competition from the City of London, few British tenants, complicated finances and
developer overconfidence, risks which without a backup plan for the Group lead to a
failure consistent in bankruptcy of Olympia York in 1992.
 Poor distribution channel :- A delay in the construction of the building sites because of
bad distribution channels regarding the materials which had to help in the building
process, whereas nowadays the Group find the solution using the water channels to
supply the needed resources.
 The risk of flooding :- However, later the Group of Canary Wharf approached the risks
in a different manner, such as a better communication with their suppliers related on
occasional meetings to have a better understanding of the Group requirements; also,
created a trustful relationship with the suppliers based on their repeated orders; also, the
Group has control over its suppliers by assuring that they respect their terms and
conditions.
 Lack of skillful workers: It is important to have employees who will be able to support
management so that they will be able to achieve their desired goals and objectives. On the
other hand, is employees are not capable enough, then business operations will get
negatively affected.
 Lack of resources: For construction, it is important to have materials that will be helpful
enough to complete the requirements on time. In case, the materials are not available as
per requirement, then it will affect the operations and on determined time the work of
construction will not get over.
 Healthy relationship with suppliers: Suppliers are the one who deliver the required
materials as per need. In case, they do not play their part of role and do not deliver
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materials on time, then it will affect the construction and the plan that is scheduled will
not be achieved.
 Time management: In order to achieve the goals, it is important to make sure that all the
developed plan are being completed on time when short term goals and completed on
time, only then the long term goals can be achieved in an effective manner.
 Skillful managers: There are many employees who are required in order to complete the
tasks on time. In order to direct them it requires managers who will be able to provided
workers with the part of role that has to be performed.
 Injuries: In construction, there are many unexpected issues that are caused by
employees. In this context, it is essential to make sure that workers are being provided
with proper equipment so that work can be performed in an effective manner.
 Climatic risk: This can be determined as unavoidable risk and management can only
precautions in order to overcome of he issue that are faced
 Improved performance and mitigating the risk on most of these factors allowed the
project to recover and become an important element in London's office market.
Improved performance and mitigating the risk on most of these factors allowed the project to
recover and become an important element in London's office market.
COST MANAGEMENT :-
It was estimated that project will be completed in an estimated cost of £62 million. It was
required that during first phase of project four different constructions should be completed. In the
second phase of the project another four major constructions were completed. Initially
investment of £4.5 Million was made in the project. Further investments were made during the
completion cycle of the project. If the overall project is completed in the necessary time period
than it reflects the success of the project. On the other hand if more investments are made than
the estimated investments than overall revenues that are earned through the project decreased.
Construction phase of the project started in the year 1988 and it continued till the end of the
project. Total cost that will incur and their planned budget is as described :-
Activity needs to be completed Investment required
1. One Canada Square £4.50
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2. Westferry Circus and Cabot Square £5.70
3. Two additional sides of Canada Square £8.30
4. The extension of Jubilee Line had been
planned
£9.40
Phase 2 of the project
1 HSBC Tower £1.20
2 Citigroup Centre £14.10
3 Heron Quays £8.30
4 Jubilee Line £5.40
Total cost occurred in the completion of the
project is as described
£57.90
From the above mentioned table it has been observed that the entire project has been
completed in total £57.90. Initially it was estimated that the project will take total of £62 million
to complete the entire constructions. However it has been observed that entire project has been
completed in £57.90 Million. From the above calculations it has been estimated that savings that
done while doing the entire constructions of phase one and phase two was total of £4.10 Million.
It reflects the success of the project and profit earned through the project was invested for
expanding the business in more diverse areas.
Cost to accomplish all the required activities of the project was properly managed and it
helped in gaining the required goal of the organization to complete the necessary activities. From
the above mentioned table it can be clearly seen that for constructing One Canada Square total
cost occurred was £4.50. Along with this for building Westferry Circus and Cabot Square total
cost of £5.70 was occurred. Moreover, Two additional sides of Canada Square was constructed
in total cost of £8.30 and The extension of Jubilee Line had been planned and made in total
spending of £9.40. In the second phase of project construction cycle total investments that were
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made by the enterprise includes cost for making HSBC Tower and it had taken total cost of
£1.20. Moreover, Citigroup Centre has been built in the cost of £14.10.
In addition to that Heron Quays has been built in £8.30 and Jubilee Line has been made
in the overall cost of £5.40. Total investments that have been made by the company is £57.90.
However, it was estimated that total cost that will occur for completing the project will be £62.
Company has completed the required project in less cost than the cost that was initially estimated
by the company. Cost management of the firm is effective and success has been gained in
properly managing the overall project.
TRIPLE CONSTRAINT TRIANGLE :-
` Project team that is working on this Canary Wharf project was effective in reducing the
tension that was being faced by them. There are three major elements that are included in triple
constraint triangle and it includes Time, Cost and Trade off. Typical sources of changes that are
included in the triangle includes some specific elements and it consist of :-
Scope :- If client changes their requirement than it becomes essential that overall activities of the
project should be changed (Prytherch, 2016). Other than this changes in market shift conditions
also gives impact on the overall project management cycle. It makes it essential that necessary
changes should be made in the project execution so that in addition to that engineering encounter
problems are also faced and due to that influence is observed on the sometimes it is required that
other projects should be added due to the consolidation. Scope of the project gets affected due to
these four major elements and due to that impact is observed on the change control process of the
construction project.
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Schedule :- If the client and the construction project makes request for early delivery than it
becomes essential that necessary activities of the project should be fastened. In addition to that if
delivery date is accelerated than due to that also project developer team is forced for making
necessary improvements so that all the necessary activities should be fastened up. In addition to
that if the delivery date is accelerated than all the people that are working on the project needs to
fasten up the construction phase process (Boud, Cohen and Sampson, 2014).
Budget :- Budget that is allocated for completing the project gets consumed in different types of
activities that are completed while doing the project. It is required that necessary raw material
should be purchased so that all the required activities of the project could be completed (Turner,
2016). Total budget that is being allocated for completing the project is consumed by
management and in addition to that project work requires the addition of a team member in
which also cost gets consumed.
It is vital that necessary changes should be made ion the existing plan that has been made
for completing the Canary Wharf construction project. Changes happens when a specific thing
included in the project grew ups. It is required that modification in the plans should be made so
that required outcomes from the project can be received and it will help for completing the
project. Sources of changes are generally associated with the triangle and scope, schedule and
budget of the project gets hampered due to it. Most potential source of project quality is focus of
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Illustration 1: Triple constraint
triangle

change control and it is required that triangle should be balanced. It is required that proper and
appropriate balance between cost, time and quality should be maintained so that better and
effective constructions can be carried out.
METHODOLOGIES AND PROCEDURES :-
In order to come up with appropriate outcome, there are different set of methodology that
are being implemented. In this context, they are as follows:
Analysis of stakeholders: in construction, there are different type of stakeholders that are
involved and they are helpful enough to make sure that all the people involved are effective
enough to achieve the desired goals and objectives. Further, it also helps in identifying the roles
and responsibilities that are faced by each of the stakeholders.
Time management: There are different type of activities that are being developed in order
to make sure that desired goals and objectives. Further, for all the activities that are being
developed are helpful enough to set out short term target that which objectives can be achieved.
In addition to this, when short term goals are achieved, then long term goals are also achieved
effectively and efficiently.
Risk management: There are different type of risk that are involved in construction. All
the risk that can be occurred are identified. This was helpful enough to set out strategies with the
help of which all the barriers that are being identified and proper steps are take through which
adequate steps are take to complete the project in an effective manner.
Cost Management: There were many activities that were listed down and for each of the
activities it includes cost. It is important to have proper cost management so that the activities
that are planned can be achieved. In case, there is no proper management of cost, then the
activities that are planned can not be achieved effectively and efficiently.
Triple Constraint Triangle: As per this, it is essential to have proper balance between
cost, quality and time. All these three aspects are important and it should be management
effectively so that all the activities are achieved properly. All these procedures where helpful
enough to achieve the desired goals.
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SUCCESS / FAILURE :-
As per overall findings, it can be stated that the project was a success. This is because, all
the activities that were made are achieved. Further, there was time line that were determined and
all were achieved. However, there were many different type of issues that were identified and
due to which the deadlines that were made were not met. Further, there diverse things that should
have been changed. In this context, it includes hiring skillful and capable workers who will be
able to support in order to complete the tasks that are being developed on time. Further, it also
important that cost is raised, this enables to make sure that the activities that are being developed
can be attained. Moreover, there was cases in which delay occurred due to damage that was
caused to equipment that were used by the employees. In this context, management need to make
sure that the tools and equipment that were damaged should have been replaced within no time.
In order to do that it is essential to have proper management of cost so that proper tools and
equipment could have been bought and the goals are achieved within speculated time period.
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REFERENCES
BOOKS AND JOURNALS
Prytherch, R., 2016. Harrod's librarians' glossary and reference book: a directory of over
10,200 terms, organizations, projects and acronyms in the areas of information management,
library science, publishing and archive management. Routledge.
Boud, D., Cohen, R. and Sampson, J., 2014. Peer learning in higher education: Learning from
and with each other. Routledge.
Turner, R., 2016. Gower handbook of project management. Routledge.
Schwalbe, K., 2015. Information technology project management. Cengage Learning.
Galliers, R.D. and Leidner, D.E., 2014. Strategic information management: challenges and
strategies in managing information systems. Routledge.
Klarsfeld, A. and Tatli, A., 2014. 9.78 E+ 12: Country Perspectives on Diversity and Equal
Treatment. Edward Elgar Publishing.
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APPENDICES
SAMPLE PID
Project title: Canary Wharf
1. Canary Wharf was named after the sea trade of fruit and vegetables with the Canary
Islands (The guardian, 2015).
Project developer: Paul Reichmann
Project Sponsor:
2. Dockland Development Corporation, conducted Margaret Thatcher;
3. Olympia and York, the company of Paul Reichmann;
4. Songbird Estates, led by US investment bank Morgan Stanley.
Budget information (costs):
Initially was expected to cost £62 million but, up to date it was been invested approximately
£4.5 billion.
Starting date:
1. The plans: 1987
2. The construction: 1988
Finishing date:
1. The project is still developing
Timescale:
1. Phase 1: 1988-1991:
2. One Canada Square
3. Westferry Circus and Cabot Square
4. Two additional sides of Canada Square
5. The extension of Jubilee Line had been planned
2. Phase 2: 1997-2002:
1. HSBC Tower
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2. Citigroup Centre
3. Heron Quays
4. Jubilee Line
5. In 2004 Canary Wharf was bought over by Songbird Estates banked by Morgan Stanley
investment bank, ending Reichmann’s 20-year involvement with the project.
6. 2009: the construction of Crossrail station starts and is expected to end in 2018.
7. In 2014 Canary Wharf spread to the east, planning to build 30 new building at Wood
Wharf, including 57-storey cylindrical residential skyscraper facing the waters of South
Dock.
The project is still developing under the management of Group Canary Wharf and continues
to rapidly expand and it’s not expected to slow down any time soon.
Strategic aim:
Canary Wharf Group aims to design, build and manage central London’s highest quality,
best value and most sustainable office, retail and residential buildings and districts.
Objectives
1. One of the objectives was to reborn the activity of the old port by giving a new
perspective.
2. The construction of the architectural skyscraper buildings of London
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