Project Management Report for SIM335 Managing Projects
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This report covers the project management principles for Merger Acquisition Project for ABC, PLC, and DEF Ltd. It includes the key characteristics of any project, scope statement, Gantt chart, budget approaches, project risk, quality methods, and project management approach.
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Running head: PROJECT MANAGEMENT REPORT Faculty of Business and Law Module: SIM335 Managing Projects Assignment Code: SIM335 Student Name: Student ID:
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2PROJECT MANAGEMENT REPORT Task 1 1) Define the key characteristics of any project. The key characteristics of the project include the factors that are supportive for the implication of the effective system development operations. The key characteristic factors for the project are, Exclusiverequirements:Therequirementsoftheprojectareexclusiveanditis completely different for each of the project. It is possible that the some of the project activities might be same with other projects. However, most of the requirements are unique for each of the projects. Client Based: The project activities are aligned with the demands of the project client and it is possible that the project can utilize the alignment of the specific requirements of the client. The client’s final approval is required for the successful completion of the project. Hence, aligning the project based on client’s demand is the primary requirement for the project. Profit Dependent: The value of the project activities are aligned with value based outcomes in terms of profit acquisition. The integration alignment of project activities would align with the deployment of the effective profit generation for the project investors. 2) What is the Scope Statement for a project? What role does the Work Breakdown Structure (WBS) have in such a statement? The specific and detailed description of the project deliverables is pointed out in the short scope statement for ensuring that the project objectives are explained clearly. The consideration of the activities would support the simplification of the activities that are capable of integrating
3PROJECT MANAGEMENT REPORT the project objectives. The scope statement would help in understanding the success criteria for the project. Work breakdown structure is the listing of the works required in the project for developing the project activities. The project activities can be summarized into some specific class or work package that would be required for the completion of the project. The work packages would combine for listing the alignment of the specific work development for the project and it is termed as work breakdown structure. The work breakdown structure of the project would support the completion of the project activities. The specific objectives of the project would combine with the alignment of the work packages developed. 3) Using the information below, plot out a full project Gantt chart and identify the critical path. How many days does it take to complete the project? The project Gantt chart is given below, IDTask Mode Task NameDurationStartFinishPredecessors 0Project Summary19 daysMon 7/9/18Thu 8/2/18 1a5 daysMon 7/9/18Fri 7/13/18 2b4 daysMon 7/16/18Thu 7/19/181 3c2 daysFri 7/20/18Mon 7/23/182 4d3 daysFri 7/20/18Tue 7/24/182 5e5 daysTue 7/24/18Mon 7/30/183 6f7 daysWed 7/25/18Thu 8/2/184 TMFTSWSTM Jul 1, '18Jul 15, '18Jul 29, '18 The critical tasks of the project are abdf and it is shown below,
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4PROJECT MANAGEMENT REPORT IDTask Mode Task NameDurationStartFinishPredecessors 0Project Summary19 daysMon 7/9/18Thu 8/2/18 1a5 daysMon 7/9/18Fri 7/13/18 2b4 daysMon 7/16/18Thu 7/19/181 3c2 daysFri 7/20/18Mon 7/23/182 4d3 daysFri 7/20/18Tue 7/24/182 5e5 daysTue 7/24/18Mon 7/30/183 6f7 daysWed 7/25/18Thu 8/2/184 TMFTSWSTM Jul 1, '18Jul 15, '18Jul 29, '18 The project would exhaust a sum total of 19 days for the completion of the project. The project duration summary is given below, TaskDuration a5 b4 d3 f7 Tota l 19 4) What approaches exist to generate a budget for a specific project budget? The project budget estimation can be achieved using the bottom up approach as it would involve the consideration of the effective documentation forming the alignment of the effective process integration. The budget for the project would be developed using the following steps, Step 1Calculating the direct cost labour for the project Step 2Cost of materials is evaluated and estimated for the project Step 3Cost Expense for the transportation is evaluated for the completion of the project Step 4Salaries of human resources that would be involved in the project would be calculated
5PROJECT MANAGEMENT REPORT Step 5Cost expended on the equipments and the software would be considered Step 6All cost would be summed for calculating the total expenses of the project Step 7An infringement of +10% would be added for developing the total budget for the project 5) How can project risk arise? Outline the various responses to risk that may be taken within project management. The project risk can result in forming the alignment of the major issues that would result in forming the problems for the project execution. The implication of the risk analysis would help in sorting out the major problems that the project might face due to the execution of the project activities. The project risk analysis would include the process of identifying the risk, evaluate its impact areas, and develop mitigation strategies for the execution of the project successfully. Causes of riskRisk response plan Risk factors can be accidental or deliberate depending upon the causes of the risk. The various causes of the risk include lack of documentation, absence of the resources, lack of proper documentation, unskilled workers, and communication noises, inaccurate estimation, and poor development. The response plan for the risk factors would include the development of the risk mitigation planning and it is started with the identification of the risk factors. The impact analysis for the risk would be done for understanding the root causes for the project. The mitigation strategies would be developed for dealing with the issues of the risk factors.
6PROJECT MANAGEMENT REPORT 6) What quality methods (project evaluation, monitoring and control) would you introduce to ensure a project is completed successfully? The project evaluation, monitoring and control would be deployed in the project for easing the processes of the improved communication and deployment. The following methods would be deployed in the project for ensuring the completion of the project, Project Evaluation is developed for keeping whether the activities of the project would be completed in the estimated time and budget. The analysis of the project activities would support the implication of the proper documentation and the completion of the project MonitoringandControlisdeployedformakingtherequiredmodificationinthe completion of the effective project execution and deployment. The controlling of the project activities would align with the successive formation of the operations.
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7PROJECT MANAGEMENT REPORT Task 2 Introduction and Background The report would be developed for the analysis of the activities and aligning the utilizationoftheoperationsforsupportingtheimplicationoftheimprovedfunctional development. The project report would be deployed for easing the processes of forming the utilization of the project management principles. The effective use of the project management principles would be helpful for easing the merger of ABC, PLC, and DEF Ltd. The report would involve the utilization of the techniques of project lifecycle analysis, project management, planning, cost management, quality management, resource management, scope management, and controlling for the merger of the three organizations. The project is merger acquisition based for the development of the effective support to the utilization of the improved communication and development. The project is titledMerger Acquisition Project for ABC, PLC, and DEF Ltd. The completion of the project would support the utilization of the improved activities. The alignment would be helpful for the execution of the improved communication and implication of the project management concepts for the project. The completion of the merger would help the three organizations for supporting and developing their specific factors for including the saint factors that would support the merger of the two companies. 1. Project Management Approach The project ofMerger Acquisition Project for ABC, PLC, and DEF Ltd has been completed using the agile development methodology and hence specific sprints are included in
8PROJECT MANAGEMENT REPORT project. Each of the sprints would comprise of developing the project activities while supporting the inclusion of a specific deliverable and a milestone for the project.The five sprints of the project are initialization, structuring the merged principles, inventory development, planning, and execution of activities. The use of the agile methodology would help in easing the project execution and the development of the effective implication development. 2. Project Scope The project ofMerger Acquisition Project for ABC, PLC, and DEF Ltd is a merger acquisition project and it involves the following points, Formation of the structure supporting the operations of the three organizations in an integrated organizational structure Forming the inventory that would support the information processing for the organizations Developing communication process, integration plan, and initiating the staff retention activities 3. Milestone List The project ofMerger Acquisition Project for ABC, PLC, and DEF Ltd has been completed using the agile development methodology and hence specific sprints are included in project. Each of the sprints would comprise of developing the project activities while supporting the inclusion of a specific deliverable and a milestone for the project.The milestones represent the various initial and end points of a sprint for the project. The following are the milestones of the project,
9PROJECT MANAGEMENT REPORT WB STask NameDurationStartFinish 1Initialization11 daysTue 6/12/18Tue 6/26/18 1.5Project kick off0 daysTue 6/26/18Tue 6/26/18 2Structuring the merged principles13 daysWed 6/27/18Fri 7/13/18 2.5Structuring completed0 daysFri 7/13/18Fri 7/13/18 3Inventory Development13 daysMon 7/16/18Wed 8/1/18 3.5Inventory Integration0 daysWed 8/1/18Wed 8/1/18 4Planning20 daysThu 8/2/18Wed 8/29/18 4.6Approval of plans0 daysWed 8/29/18Wed 8/29/18 5Execution of Activities49 daysThu 8/30/18Tue 11/6/18 5.5Closure0 daysTue 11/6/18Tue 11/6/18 4. Project Schedule and Work Breakdown Structure The schedule for the project ofMerger Acquisition Project for ABC, PLC, and DEF Ltd is given below, WBSTask NameDurationStartFinish 0Merger Acquisition Project for ABC, PLC, and DEF Ltd.106 daysTue 6/12/18Tue 11/6/18 1Initialization11 daysTue 6/12/18Tue 6/26/18 1.1Requirement Analysis3 daysTue 6/12/18Thu 6/14/18 1.2Development of documents5 daysFri 6/15/18Thu 6/21/18 1.3Defining the objectives2 daysFri 6/22/18Mon 6/25/18
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10PROJECT MANAGEMENT REPORT 1.4Signing off the documents1 dayTue 6/26/18Tue 6/26/18 1.5Project kick off0 daysTue 6/26/18Tue 6/26/18 2Structuring the merged principles13 daysWed 6/27/18Fri 7/13/18 2.1Guidelines are developed3 daysWed 6/27/18Fri 6/29/18 2.2Merger Structure is developed4 daysMon 7/2/18Thu 7/5/18 2.3Expanding the culture3 daysFri 7/6/18Tue 7/10/18 2.4Business, Operations, and System analysis3 daysWed 7/11/18Fri 7/13/18 2.5Structuring completed0 daysFri 7/13/18Fri 7/13/18 3Inventory Development13 daysMon 7/16/18Wed 8/1/18 3.1Pre Closure data backup3 daysMon 7/16/18Wed 7/18/18 3.2Strategic meetings5 daysThu 7/19/18Wed 7/25/18 3.3Support Plan development for tactical problems2 daysThu 7/26/18Fri 7/27/18 3.4Governance and Strategy is integrated3 daysMon 7/30/18Wed 8/1/18 3.5Inventory Integration0 daysWed 8/1/18Wed 8/1/18 4Planning20 daysThu 8/2/18Wed 8/29/18 4.1Activities are listed2 daysThu 8/2/18Fri 8/3/18 4.2Schedule is developed3 daysMon 8/6/18Wed 8/8/18 4.3Complete Plan is developed7 daysThu 8/9/18Fri 8/17/18 4.4Staff Retention plan4 daysMon 8/20/18Thu 8/23/18 4.5Integration Plan4 daysFri 8/24/18Wed 8/29/18 4.6Approval of plans0 daysWed 8/29/18Wed 8/29/18 5Execution of Activities49 daysThu 8/30/18Tue 11/6/18 5.1Planning the implementation2 daysThu 8/30/18Fri 8/31/18
11PROJECT MANAGEMENT REPORT 5.2Executing the implementation process14 daysMon 9/3/18Thu 9/20/18 5.3Business, Operations, and System analysis30 daysFri 9/21/18Thu 11/1/18 5.4Documenting the lessons learnt3 daysFri 11/2/18Tue 11/6/18 5.5Closure0 daysTue 11/6/18Tue 11/6/18 The following is the Gantt chart for theMerger Acquisition Project for ABC, PLC, and DEF Ltd project,
12PROJECT MANAGEMENT REPORT IDTask Mode WBSTask NameDurationStartFinish 00Merger Acquisition Project for ABC, PLC, and DEF Ltd. 106 daysTue 6/12/18Tue 11/6/18 11Initialization11 daysTue 6/12/18Tue 6/26/18 21.1Requirment Analysis3 daysTue 6/12/18Thu 6/14/18 31.2Development of documents5 daysFri 6/15/18Thu 6/21/18 41.3Defining the objectives2 daysFri 6/22/18Mon 6/25/18 51.4Signing off the documents1 dayTue 6/26/18Tue 6/26/18 61.5Project kick off0 daysTue 6/26/18Tue 6/26/18 72Structuring the merged principles13 daysWed 6/27/18Fri 7/13/18 82.1Guidelines are developed3 daysWed 6/27/18Fri 6/29/18 92.2Merger Structure is developed4 daysMon 7/2/18Thu 7/5/18 102.3Expanding the culture3 daysFri 7/6/18Tue 7/10/18 112.4Business, Operations, and System analysis 3 daysWed 7/11/18Fri 7/13/18 122.5Structuring completed0 daysFri 7/13/18Fri 7/13/18 133Inventory Development13 daysMon 7/16/18Wed 8/1/18 143.1Pre Closure data backup3 daysMon 7/16/18Wed 7/18/18 153.2Strategic meetings5 daysThu 7/19/18Wed 7/25/18 163.3Support Plan development for tactical problems 2 daysThu 7/26/18Fri 7/27/18 173.4Governance and Strategy is integrated 3 daysMon 7/30/18Wed 8/1/18 183.5Inventory Integration0 daysWed 8/1/18Wed 8/1/18 194Planning20 daysThu 8/2/18Wed 8/29/18 204.1Activities are listed2 daysThu 8/2/18Fri 8/3/18 214.2Schedule is developed3 daysMon 8/6/18Wed 8/8/18 224.3Complete Plan is developed7 daysThu 8/9/18Fri 8/17/18 234.4Staff Retention plan4 daysMon 8/20/18Thu 8/23/18 244.5Integration Plan4 daysFri 8/24/18Wed 8/29/18 254.6Approval of plans0 daysWed 8/29/18Wed 8/29/18 265Execution of Activities49 daysThu 8/30/18Tue 11/6/18 275.1Planning the implementation2 daysThu 8/30/18Fri 8/31/18 285.2Executing the implementation process 14 daysMon 9/3/18Thu 9/20/18 295.3Business, Operations, and System analysis 30 daysFri 9/21/18Thu 11/1/18 305.4Documenting the lessons learnt3 daysFri 11/2/18Tue 11/6/18 315.5Closure0 daysTue 11/6/18Tue 11/6/18 Analyst Documenter Analyst Documenter 6/26 Negotiator Acquisitor Acquisitor Negotiator 7/13 Database Admin Executives Acquisitor Executives 8/1 Planner Planner Planner HR Manager Planner 8/29 Planner Staff Staff Documenter 11/6 TFSSMTWTFSSMTWTFSSMTWTF May 20, '18Jun 10, '18Jul 1, '18Jul 22, '18Aug 12, '18Sep 2, '18Sep 23, '18Oct 14, '18Nov 4, '18Nov 25, '18 The following is the work breakdown structure for the project ofMerger Acquisition Project for ABC, PLC, and DEF Ltd,
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13PROJECT MANAGEMENT REPORT Merger Acquisition Project for ABC, PLC, and DEF Ltd. Initialization Requirment Analysis Development of documents Defining the objectives Signing off the documents Project kick off Structuring the merged principles Guidelines are developed Merger Structure is developed Expanding the culture Business, Operations, and System analysis Structuring completed Inventory Development Pre Closure data backup Strategic meetings Support Plan development for tactical problems Governance and Strategy is integrated Inventory Integration Planning Activities are listed Schedule is developed Complete Plan is developed Staff Retention plan Integration Plan Approval of plans Execution of Activities Planning the implementation Executing the implementation process Business, Operations, and System analysis Documenting the lessons learnt Closure 5. Project Lifecycle The project ofMerger Acquisition Project for ABC, PLC, and DEF Ltd has been completed using the agile development methodology and hence specific sprints are included in project. Each of the sprints would comprise of developing the project activities while supporting the inclusion of a specific deliverable and a milestone for the project.The five sprints of the project are initialization, structuring the merged principles, inventory development, planning, and execution of activities. These sprints have been explained below, a)The initialization comprises of requirement analysis, development of documents, defining the objectives, and signing off the documents. The deliverable for the sprint is initial documents and the milestone for the sprint is project kick off. b)The structuring the merged principles comprise of guidelines are developed, merger structure is developed, expanding the culture, and business, operations,
14PROJECT MANAGEMENT REPORT and system analysis. The sprint has the deliverable for specific merger structure and the milestone of structuring completed. c)Theinventorydevelopmentcompriseofpreclosuredatabackup,strategic meetings,supportplandevelopmentfortacticalproblems,governanceand strategy is integrated, and inventory integration. d)The planning comprise of activities are listed, schedule is developed, complete plan is developed, staff retention plan, and integration plan. The various plans would act as the deliverable for the sprint and the approval of plans is the milestone. e)The execution of activities would comprise of planning the implementation, executing the implementation process, business, operations, and system analysis, documenting the lessons learnt, and closure. 6. Project Deliverables The project ofMerger Acquisition Project for ABC, PLC, and DEF Ltd has been completed using the agile development methodology and hence specific sprints are included in project. Each of the sprints would comprise of developing the project activities while supporting the inclusion of a specific deliverable and a milestone for the project. Thedeliverables for the project are initial documents, specific merger structure, pre closure data backup, various plans (project plan, staff retention plan, and integration plan), and final reports. 7. Resource Management Plan
15PROJECT MANAGEMENT REPORT The project ofMerger Acquisition Project for ABC, PLC, and DEF Ltd would require a number of human resources like analyst, documenter, negotiator, acquisitor, database admin, executives, planner, hr manager, and staff. Resource NameActivities Involved inWork Analyst Requirement Analysis24 hrs Defining the objectives16 hrs Documenter Development of documents40 hrs Signing off the documents8 hrs Documenting the lessons learnt24 hrs Negotiator Guidelines are developed24 hrs Business, Operations, and System analysis24 hrs Acquisitor Merger Structure is developed32 hrs Expanding the culture24 hrs Support Plan development for tactical problems16 hrs Database AdminPre Closure data backup24 hrs Executives Strategic meetings40 hrs Governance and Strategy is integrated24 hrs Planner Activities are listed16 hrs Schedule is developed24 hrs Complete Plan is developed56 hrs Integration Plan32 hrs Planning the implementation16 hrs HR ManagerStaff Retention plan32 hrs StaffExecuting the implementation process112 hrs
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16PROJECT MANAGEMENT REPORT Business, Operations, and System analysis240 hrs IDResource NameWork 1Analyst40 hrs 2Documenter72 hrs 3Negotiator48 hrs 4Acquisitor72 hrs 5Database Admin24 hrs 6Executives64 hrs 7Planner144 hrs 8HR Manager32 hrs 9Staff352 hrs Details Work Work Work Work Work Work Work Work Work TTSFWMSTTSFWMST Jun 3, '18Jul 1, '18Jul 29, '18Aug 26, '18Sep 23, '18Oct 21, '18Nov 18, '18 24h16h 16h32h24h 24h16h8h 56h16h 24h 32h32h 16h80h32h16h 32h 48h72h72h64h64h32h 8. Cost Budget The project ofMerger Acquisition Project for ABC, PLC, and DEF Ltd has the following project budget plan, Resource NameWorkStandard RateCost Analyst40 hrs£50.00/hr£2,000.00 Documenter72 hrs£70.00/hr£5,040.00 Negotiator48 hrs£90.00/hr£4,320.00 Acquisitor72 hrs£100.00/hr£7,200.00 Database Admin24 hrs£120.00/hr£2,880.00 Executives64 hrs£150.00/hr£9,600.00 Planner144£80.00/hr£11,520.00
17PROJECT MANAGEMENT REPORT hrs HR Manager32 hrs£125.00/hr£4,000.00 Staff 352 hrs £65.00/hr£22,880.00 9. Risk Management Plan The risk management plan comprises of developing effective strategies for dealing with the probable risk factors. The risk management plan comprises of identifying the risk factors, analysingtheimpactoftherisks,anddevelopingthemitigationstrategies.TheMerger Acquisition Project for ABC, PLC, and DEF Ltd would have the following risk management plan, Risk IdentificationRisk AnalysisRisk Mitigation The identification of the risk is based on the consideration of the probable risk factors that would help in easing the processing of the project and identifying the possible issues that the organization might face in the due course for the completion of the project. The analysis of the risk factors would result in forming the major factor analysis for the project so that the implication of the probable risk would help them in supporting the utilization of the risk mitigation. The analysis would help in listing the probable reasons that would result in forming the problems for the execution of the project activities. The mitigation of the risk is initiated by forming some strategies convenient for the development of the support strategies for the execution of the project. The risk mitigation would help them in forming the effective listing of the operations. The risk mitigation is also helpful for easing the process of reducing the impact on the project activities. Conclusion The report had been developed for the analysis of the activities and aligning the utilizationoftheoperationsforsupportingtheimplicationoftheimprovedfunctional
18PROJECT MANAGEMENT REPORT development. The effective use of the project management principles had been helpful for easing the merger of ABC, PLC, and DEF Ltd. The report had involve the utilization of the techniques ofprojectlifecycleanalysis,projectmanagement,planning,costmanagement,quality management, resource management, scope management, and controlling for the merger of the three organizations.The completion of the project had support the utilization of the improved activities. The alignment had been helpful for the execution of the improved communication and implication of the project management concepts for the project. The completion of the merger had help the three organizations for supporting and developing their specific factors for including the saint factors that had support the merger of the two companies.The five sprints of the project were initialization, structuring the merged principles, inventory development, planning, and execution of activities. The use of the agile methodology had help in easing the project execution and the development of the effective implication development.Thedeliverables for the project were initial documents, specific merger structure, pre closure data backup, various plans (project plan, staff retention plan, and integration plan), and final reports. The project ofMerger Acquisition Project for ABC, PLC, and DEF Ltd had require a number of human resources like analyst, documenter, negotiator, acquisitor, database admin, executives, planner, HR manager, and staff.
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19PROJECT MANAGEMENT REPORT Bibliography Binder, J. 2016.Global project management: communication, collaboration and management across borders. Routledge. Brioso, X. 2015. Integrating ISO 21500 guidance on project management, lean construction and PMBOK.Procedia Engineering,123, 76-84. Brooks, J., and King, N. 2014. Doing template analysis: evaluating an end of life care service. Sage Research Methods Cases. Cascante, I. L., Martin, F. M., Zubizarreta, J. P. O., and Aranburu, M. S. 2016, June. Three Historic Stages in the Graphic Confection of Project Documentation. BIM: Meetings in the Third Phase of the XXI Century. InCongreso Internacional de Expresión Gráfica Arquitectónica(pp. 1089-1097). Springer, Cham. Chaves, M. S., Araújo, C. D., Teixeira, L., Rosa, D., Júnior, I., and Nogueira, C. 2016. A new approach to managing Lessons Learned in PMBoK process groups: the Ballistic 2.0 Model. International Journal of Information Systems and Project Management,4(1), 27-45. Coppola, D., D'Ambrogio, A., and Gianni, D. 2016. Bringing Model-based Systems Engineering Capabilities to Project Management: an Application to PRINCE2. InCIISE(pp. 6-15). Drouart, G., De Breuck, C., Vernet, J., Seymour, N., Lehnert, M., Barthel, P., ... and Hatch, N. 2014. Rapidly growing black holes and host galaxies in the distant Universe from the Herschel Radio Galaxy Evolution Project.Astronomy & Astrophysics,566, A53.
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21PROJECT MANAGEMENT REPORT Maylor, H., 2001. Beyond the Gantt chart:: Project management moving on.European Management Journal,19(1), pp.92-100. Nicholas, J.M. and Steyn, H., 2017.Project management for engineering, business and technology. Taylor & Francis. Nicholas, J.M., 2004.Project management for business and engineering: Principles and practice. Elsevier. Oya, T., Mehdad, Y., Carenini, G., and Ng, R. 2014. A template-based abstractive meeting summarization: Leveraging summary and source text relationships. InProceedings of the 8th International Natural Language Generation Conference (INLG)(pp. 45-53). Pinto, J., 2010.Achieving Competitive Advantage. Prentice-Hall, Upper Saddle River, NJ. Rekker, S. 2016. Converting planetary boundaries into action, a new approach to meeting global greenhouse gas targets: A pitch.Accounting and Management Information Systems,15(1), 160- 167. Rybka, I., Bondar-Nowakowska, E., and Połoński, M. 2015. Management of Alterations to Project Documentation–a Case Study of Water Supply and Sewerage Works.International Journal of Contemporary Management,2015Numer 14 ((3)), 41-57. Schwalbe, K. 2015.Information technology project management. Cengage Learning. Snyder, C. S. 2014. A guide to the project management body of knowledge: PMBOK (®) guide. Project Management Institute: Newtown Square, PA, USA. Snyder, C., and Dionisio, C. S. 2017.A project manager's book of forms: A companion to the PMBOK guide. John Wiley & Sons.
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22PROJECT MANAGEMENT REPORT Spikol, D., Ehrenberg, N., Cuartielles, D., and Zbick, J. 2015. Design Strategies for developing a Visual Platform for Physical Computing with Mobile Tools for Project Documentation and Reflection.