Project management

Project management

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY .................................................................................................................................3
Project management plan.................................................................................................................3
Stakeholders concern..................................................................................................................3
Risk register................................................................................................................................6
Cost benefits analysis..................................................................................................................8
Time scale...................................................................................................................................9
Project execution challenges.....................................................................................................11
CONCLUSION.............................................................................................................................12
REFERENCES .............................................................................................................................13

INTRODUCTION
Project management is defined as adoption of those practices which includes planning,
execution, controlling and closure of work performed within a team in order to achieve goal and
objectives of project in specific time period (Kerzner, 2017). The major objective of project
management is to achieve efficacy in project along with completing the same in proper time
frame. Project management is an effective procedure which is helpful in order to control cost and
to manage task by attaining lesser complexities. The major objective of this report is to launch an
event by which universities can publish their technological constructed building in order to
attract more students and to compete with rivals universities. This report is covering risk factor,
time of project and stakeholder analysis. Furthermore this report includes project plan in which
cost and time benefit analysis is associated along with this in the last part of report challenges
which are faced during project execution.
MAIN BODY
Project management plan
Project management plan is defined as a formal document which undertakes all the
aspects of a project including cost to process of marketing. This is a written document in which
budget, time line and project deliverables are included so as to provide easiness to the project
and to keep the project on track. For the project which is discussed in this report is associated
with initiating high technological enhancement in buildings of universities so that to attract more
number of students. Project management plan is having numerous dimensions which are
elaborated as under:
Stakeholders concern
Stakeholders are defined as the parties which are having direct impact form the business
and institution (Young, 2016). These are the persons for whom activities of business and
institutions are carried out. For universities their stakeholders are students, donors, government
and academic faculty. Analysing these stakeholders are known as a crucial process in which
new program is being designed in order to involve individuals, leaders and other rival
organisation and other parties who are affected from assigned project. To monitor interest of
each stakeholder their interest is required to be managed so that to manage them properly. For
QA Higher Education College their stakeholders are directors, donors, students, teachers and

other those are directly associated with the institution. The interest, relationship within different
stakeholders are explained as under:
Stake holder's name Reason stating their
Interest
Whether they are in
or against Against
What is done to
manage them
Students These are showing
their high interest
because by the
proposed event good
image of their
university can be
created which may
lead them to acquire
high knowledge
regarding the current
topic.
This project is highly
favourable for the
students as this is
leading them in high
development and
growth in their career
(LARSON and GRAY,
2018).
All the students of QA
Higher Education
College are benefited
form initiation of this
project.
Teachers Teachers are having
high interest as they
are adopting
innovative ways in
their teaching so as to
reduce burden form
their minds.
These are also having
high favour from the
prevailing project in
which new and
innovative ways are
exerted in their
teaching process.
They are also provided
their interest and other
benefits which are
associated with their
objective of teaching.
Principal The principal of
college is also
associated with this
event as this event is
going to attract new
students in prominent
manner and along
with this this is
Principal is inclined
towards favour of the
initiated project.
In order to manage
interest of principal the
merits are provided to
them which will be
presented before
initiation of the
proposed project.