Project Management: Principles, Procedures and Viability Appraisal

Project Management
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Table of Contents
Introduction:....................................................................................................................................2
Task 1:.............................................................................................................................................2
1.1 Describing the project management cycle plan for constructing the building......................2
1.2 Appraising the viability of projects, developing success/failure criteria...............................3
1.3 Explaining the principles behind project management system and procedures with
resources required for initiated project........................................................................................4
1.4 Explain the key elements in involved in terminating projects and conducting post project
appraisal.......................................................................................................................................5
Task 2:.............................................................................................................................................6
2.1 Identifying the most appropriate organisational structure, roles and responsibilities of
participants within the project.....................................................................................................6
2.2 Control and co-ordinate a project..........................................................................................8
2.3 Assess project leadership requirements and qualities..........................................................10
2.4 Plan and specify human resources and requirements for a project......................................11
Task 3:...........................................................................................................................................11
3.1 Preparing project plan and establish the project organisation.............................................11
3.2 Apply project scheduling, estimating and cost control techniques......................................13
3.3 Analysis of the methods used to measure project performance..........................................13
3.4 Explain project change control procedures to evaluate the completed project....................16
References......................................................................................................................................18
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Introduction:
The study has been based on Sraymax – London Builder Ltd. initiated project as they have
signed a new business venture with London School of Science and Technology in order to
renovate the industrial complex into college buildings. In this approach the project manager have
planned a six months refurbished plan and estimated a total cost of £1,500,000 for the initiated
contract with maintenance duration time for 6 years. The project consist of management cycle
plan so that all task could be completed within estimated period of time. The roles and
responsibilities of each individual within the project team with proper allocation of resources
have been presented. Project scheduling, cost estimation plan, communication plan and risk
management approach have also been discussed and evaluated by the project manager with the
aid of appropriate scheduling tools. The change control procedure in order to complete the
project processes have been presented so that project performance can be easily determined.
Task 1:
1.1 Describing the project management cycle plan for constructing the building
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Figure 1: Gantt chart
(Source: Created by Author)
The project management cycle such as Initiation, planning, execution, monitoring & controlling
and closing of the project has been determined with the aid of Gantt chart. Thus, for constructing
the building project, the manager of Sraymax must able to analyse the strategic planning that is
associated with the desired result(Kerzner, 2017).At first the project manager will make overall
plan of the project to measure cost and time of the same. Then the project manager will establish
business case of the project to ensure that the projected outcomes are aligned with the client’s
goal. In the next phase of project cycle the project manager will define all the project scope and
milestones to ensure successful completion of the project. To execute this plan project team will
complete all the project tasks within the projected time and with the expected quality. Success of
a project also depends on monitoring and controlling of the same, so that team leaders of the
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project will measure performance of their team members to monitor all the tasks, and will
provide good working environment and training to control their activities (Nicholas & Steyn,
2017). This process takes four weeks. At last in the closure step, the success of the project is
being analysed and monitored by the manager so that clients demand can easily be met.
Following is the list of the activities those will be carried out for the successful delivery of the
project within the phases stated above:
WBS Task Name Duration Start Finish
1
Syrmaks Project for
Renovating of Industrial
building to college architect
112 days Wed 18-07-18 Thu 20-12-18
1.1 Initiation of Project 41 days Wed 18-07-18 Wed 12-09-18
1.1.1 Project Description 7 days Wed 18-07-18 Thu 26-07-18
1.1.2 Project Benefit 14 days Fri 27-07-18 Wed 15-08-18
1.1.3 Goals of the project 10 days Thu 16-08-18 Wed 29-08-18
1.1.4 Project Vision and aim 10 days Thu 30-08-18 Wed 12-09-18
1.1.5 Analysis of the Project
Requirements 7 days Thu 16-08-18 Fri 24-08-18
1.2 Planning 28 days Mon 27-08-18 Wed 03-10-18
1.2.1 Proper project Planning 14 days Mon 27-08-18 Thu 13-09-18
1.2.2 Preparation of risk register 14 days Fri 14-09-18 Wed 03-10-18
1.2.3 Analysis of the risk
mitigation 14 days Fri 14-09-18 Wed 03-10-18
1.3 Execution 21 days Thu 04-10-18 Thu 01-11-18
1.3.1 Resource Plan 7 days Thu 04-10-18 Fri 12-10-18
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1.3.2 Communication plan 7 days Mon 15-10-18 Tue 23-10-18
1.3.3 Time Plan 14 days Mon 15-10-18 Thu 01-11-18
1.4 Monitoring and controlling 21 days Fri 02-11-18 Fri 30-11-18
1.4.1 Recruitment Plan 7 days Fri 02-11-18 Mon 12-11-18
1.4.2 Training Process 7 days Tue 13-11-18 Wed 21-11-18
1.4.3 Testing the machines and
Project Processes 14 days Tue 13-11-18 Fri 30-11-18
1.5 Closing 14 days Mon 03-12-18 Thu 20-12-18
1.5.1 Analyzing the success of
implemented project 14 days Mon 03-12-18 Thu 20-12-18
1.5.2 Determine any issue or
mistake 7 days Mon 03-12-18 Tue 11-12-18
Project Management Cycle
Initiating
Initiation will begin with Sraymax meeting with LSST organisers to talk about the project and if
it is doable. Negotiation will take place with the basic terms of the contract such as costs and
timeframe. After the terms have been achieved, Sraymax will form a project team to carry out
the work. The project will be initiated considering the estimation of the feasibility of the project
that whether the proposed project will be capable of eliminating the existing problems and
leading the project towards the success. The first milestone will be the approval of the draft
prepared considering the goals, objectives, visions, and benefits related to the project.
Planning
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