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Project Management Project: Repairing of Australian Storage Name of the University Author's Note

   

Added on  2021-04-21

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Running head: PROJECT MANAGEMENTProject: Repairing of Australian StorageName of the StudentName of the UniversityAuthor’s Note

PROJECT MANAGEMENT1Table of Contents1.Project budget...........................................................................................................................21.1Appropriate budget for the project.........................................................................................21.2 Assumptions that are made in preparing the budget..............................................................32. Schedule.......................................................................................................................................42.1 Schedule of the project with milestones and deliverables.....................................................42.2 Discussion on the relative merits of the methods, tools and techniques that is used............62.3 Comparison with different methodology, tools and techniques............................................73.Resource estimation.................................................................................................................83.1Estimation of resources required for the project...............................................................83.2Integration of resources with schedule............................................................................103.3Critical path.....................................................................................................................133.4Tools and techniques that are used.................................................................................14Bibliography..................................................................................................................................15

PROJECT MANAGEMENT21.Project budget1.1Appropriate budget for the projectIt is identified that the entire budget that is needed in order to repair the Australianstorage facility is around $82,400. The table below reflects the budget that is required tocomplete each of the project activities.Task NameCostRepairing Australian Storage facility$82,400.00 Initiation phase of the project$6,360.00 Development of business case$840.00 Feasibility analysis$2,000.00 Establishment of project charter$1,600.00 Appointment of project team members$1,200.00 Reviewing initiation phase of the project$720.00 Project planning phase$16,800.00 Creation of project plan$2,400.00 development of project resource plan$1,960.00 Creation of financial plan$1,920.00 Testing quality$5,760.00 Development of acceptance plan$4,760.00 Project execution phase$57,200.00 Agreement from different participants$4,160.00 Settlement of external issues$3,840.00 Creating agreement as well as finance for the project$4,480.00 Preparatory work completion$3,120.00 Strategies that stops leakage$3,200.00 Development of strategies that resolves issues$2,880.00 Adjustment of activities$3,840.00 Completion of whole repair$3,360.00 Activity adjustment$2,800.00 Repair risk completion$8,960.00 Analysis of completed work$7,040.00 Closure of various types of issues$9,520.00 Project closure phase$2,040.00 Completion of gas storage construction$560.00 Financial reporting$800.00 Post project review$400.00

PROJECT MANAGEMENT31.2 Assumptions that are made in preparing the budget The assumptions that are made in order to prepare the budget are as follows:Budget: It is assumed that the budget that is needed for repairing the Australian storagefacility will be completed within the budget $$82,400. It is assumed that even if few projectactivities will be added then also the variation in the project budget will not be more.Scope creep will not occur: The project manager assumed that scope creep would notoccur within the project. If scope creep occurs due to some reason then also the budget of theproject will not vary much.Time: It is assumed that the time that is needed in order to repair the Australian storagetank will be around 3 months. The project manager will execute the entire project successfullywithin the assumed time that is estimated.2. Schedule2.1 Schedule of the project with milestones and deliverablesTask NameDurationStartFinishRepairing Australian Storage facility81 daysTue 3/27/18Tue 7/17/18 Initiation phase of the project15 daysTue 3/27/18Mon 4/16/18 Development of business case3 daysTue 3/27/18Thu 3/29/18 Feasibility analysis5 daysFri 3/30/18Thu 4/5/18 Establishment of project charter4 daysFri 4/6/18Wed 4/11/18 Appointment of project team members5 daysFri 4/6/18Thu 4/12/18 Reviewing initiation phase of the project3 daysThu 4/12/18Mon 4/16/18

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