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Project Management Plan | Work Breakdown Structure | Assignment

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Added on  2020-02-05

Project Management Plan | Work Breakdown Structure | Assignment

   Added on 2020-02-05

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Project Management Plan
Project Management Plan | Work Breakdown Structure | Assignment_1
Project Management Plan 2Table of ContentsTask 1:.........................................................................................................................................................3Project Planning..........................................................................................................................................3Characteristics of a project..........................................................................................................................3Significance of Work Breakdown Structure.................................................................................................3Gantt chart..................................................................................................................................................5Techniques for investment appraisal..........................................................................................................7Risk Management Plan................................................................................................................................7Aspects of project quality............................................................................................................................8References:..................................................................................................................................................9Task 2:.......................................................................................................................................................10Introduction...............................................................................................................................................10Project definition and scoping...................................................................................................................11Project failures and successes:..................................................................................................................11Unique features of IT project management..............................................................................................13Project management life cycle..................................................................................................................13Project scope management.......................................................................................................................14Project time management.........................................................................................................................15Project cost management..........................................................................................................................16Project quality management.....................................................................................................................16Project human resources management.....................................................................................................17Project communication management.......................................................................................................18Project risk management...........................................................................................................................18References.................................................................................................................................................20
Project Management Plan | Work Breakdown Structure | Assignment_2
Project Management Plan 3Task 1:Project PlanningCharacteristics of a projectA project can be defined as a set of interrelated activities which are required to be completed within given a deadline and budget. Following are the key characteristics of a project:A project has well-defined performance requirements like response time, scalability, the accuracy of results, ease of navigation, security, workload specifications, energy efficiency etc. Every project has a pre-decided start date and end date. There may be delays in schedules but theproject manager should ensure to meet the deadlines (Ahmad, Mallick and Schroeder, 2012). Each and every project is different. The project variables like features, scope, financial resources,human resources, technical resources, timelines, processes, quality, risks etc. make every project unique. The entire project can be divided into several smaller tasks. This helps in project management. A project is intended to provide benefits to the organization. For example, a construction project helps to generate revenues (Ahmad, Mallick and Schroeder, 2012). Significance of Work Breakdown StructureWork Breakdown Structure (WBS) is used in project planning and execution. The entire project is split into manageable chunks of work that can be easily executed by the project team. WBS helps to understand a complex project in a better manner because each level provides detailed
Project Management Plan | Work Breakdown Structure | Assignment_3
Project Management Plan 4information. WBS helps to estimate the project cost and time required for completion (Beghini, 2013). This can be done by allocating time and budget to each section. WBS can also help in making assessments about possible risks in a complex project. On the basis of WBS, the project manager can develop a communication plan. Following is a simple example of Work Breakdown Structure for development for a new product:On the basis of the level of WBS, resources are allocated and responsibilities are assigned to team members. The level-1 of WBS includes market research, product design, product development, marketing and project management. The level-2 of WBS includes focus groups, research evaluation, and preparation of design document, bill of materials, production design andmarketing strategy (Beghini, 2013)
Project Management Plan | Work Breakdown Structure | Assignment_4
Project Management Plan 5Figure 1: WBS for a project that aims to create a toy for children belonging to the age group of 5-9 yearsGantt chartThe critical path for the given project is: A-B-C-F-H22 days are required to complete this project.
Project Management Plan | Work Breakdown Structure | Assignment_5
Project Management Plan 6Figure 2: Activity on the Node (AON) network diagram TASK-ATASK-BTASK-CTASK-DTASK-ETASK-FTASK-GTASK-H12/261/51/151/252/42/14START DATE DURATION (DAYS)A(3)B(2)C(3)E(5)F(8)H(6)D(1)G(2)
Project Management Plan | Work Breakdown Structure | Assignment_6

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