Project Management: Methodologies, Network Diagram, WBS, Risk Analysis, Stakeholder Analysis

Project Management

Table of Contents
Introduction..................................................................................................................................................................................................3
Main Body...................................................................................................................................................................................................3
Task 1...........................................................................................................................................................................................................3
Methodologies.........................................................................................................................................................................................3
Task 2...........................................................................................................................................................................................................4
Network diagram.....................................................................................................................................................................................4
Task 3...........................................................................................................................................................................................................6
Stakeholder analysis................................................................................................................................................................................6
Task 4...........................................................................................................................................................................................................8
WBS.........................................................................................................................................................................................................8
Task 5.........................................................................................................................................................................................................10
Risk analysis..........................................................................................................................................................................................10
Task 6.........................................................................................................................................................................................................11
Conclusion.................................................................................................................................................................................................11
References..................................................................................................................................................................................................12

Introduction
The given project will deliver effective project management models to ensure smooth operations in project firm. As per the
given case scenario, TFL is a construction company that facilitate its working along with providing sustainable advantages to the
economy. Moreover, in the said project document several techniques and methods are being implemented in accordance with deriving
appropriate project effectiveness. Furthermore, presentation of WBS, Gantt chart and risk analysis guides effective working of the
corporate firm in terms of extracting the best usage of resources of the project firm (Andrews and et. al., 2021).
Main Body
Task 1
Methodologies
Taking use of various methodologies of project helps or guides working of the project firm towards correct direction. Under
the technique various activities of the project firm can be enhanced taking considerations to better operational work and effective
usage of resources of the project firm. In relation to the given project firm i.e. TFL, following are the methodologies that can be taken
to use;
 Agile: The given methodology develops understanding towards project activities in the most defined manner. Taking
considerations of given context, project industry by adopting to agile methodology can gain professionalism in project tasks.
Furthermore, it can be said that project managers can divide the complex work which is to be performed in project firm
(Ashworth and Perera, 2018).
 Waterfall: In this methodology division of work as per linear sequential phases that ensures protection of interest of project
stakeholders is being undertaken (Yates, 2019). In accordance with this methodologies, the standards of working in the project
firm are being updated in regards to achievement of project goals and objectives without taking considerations of changes in

market trends. Therefore, the given methodology benefits working in the ope6rational firm that have higher operatpions and
establishes long term existence of the firm (Antony, 2018).
Task 2
Network diagram
Network diagram refers to graphical presentation of activities performed in the project industry and is being formulated by
combination of boxes and series of arrows. The given presentation specifies about the inter-relation between various sets of activity
which is to be performed under the project firm (Upjohn, 2019). Reflecting to the given scenario, project manager by preparation of
network diagram can ensure effective understandings of project tasks and can avoid wastages of efforts and relates resources for
completion of the project organisation. The network diagram for this project is as follows (Chown and et. al., 2018):