Project Management Report for SIM335 Managing Projects
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This report provides a detailed analysis of the key characteristics of a project, scope statement, WBS, Gantt chart, budget development process, project risk analysis, and project quality methods. It also includes a project management plan for the merger acquisition of ABC PLC and DEF Ltd.
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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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1PROJECT MANAGEMENT REPORT Table of Contents Task 1...............................................................................................................................................2 1. Key Characteristics of Project.................................................................................................2 2. Scope Statement of Project and WBS.....................................................................................2 3. Gantt Chart of the Project........................................................................................................2 4. Budget Development Process..................................................................................................4 5. Project Risk Analysis...............................................................................................................4 6. Project Quality Methods..........................................................................................................5 Task 2...............................................................................................................................................6 Introduction and Background......................................................................................................6 1. Project Management Approach...............................................................................................6 2. Project Scope...........................................................................................................................7 3. Milestone List..........................................................................................................................7 4. Project Schedule and Work Breakdown Structure..................................................................8 5. Project Lifecycle....................................................................................................................11 6. Project Deliverables...............................................................................................................11 7. Change Management Plan.....................................................................................................12 8. Communication Management Plan........................................................................................13 9. Resource Management Plan..................................................................................................13 10. Cost Budget.........................................................................................................................14 11. Risk Management Plan........................................................................................................15 12. Project Control Management...............................................................................................15 Conclusion.................................................................................................................................16 Bibliography..................................................................................................................................17
2PROJECT MANAGEMENT REPORT Task 1 1. Key Characteristics of Project The key characteristics of the project are dependent on the implication of the operations and the nature of the project for analysis. Some of the key characteristics of a project are, a)Customer Oriented:Projects are customer oriented and the final decision of the project is based on the client’s approval b)Temporary Activities:The activities in the project are temporary and may vary depending upon the situation c)Unique Requirements:The project comprises of specific planning, activities, and functions that are unique in nature and can be used for that specific project only d)Profit and non-profit base:There is no bar on the type of the project as projects can be either profit or non profit based e)Structure:The projectsdepends upon the nature of worksthat can be cross functional, cross organization or both simultaneously 2. Scope Statement of Project and WBS The project scope statement is the details of the deliverables of the project and helps in describing the objectives of the project. The measurable project’s success criteria can be understood by the help of the project scope statement. The work breakdown structure is helpful for breaking down the completed project in sub projects and individual work packages. The combination of the work packages would help in defining a specific alignment of the activities favouring the final project achievement. The work breakdown structure would help in forming the alignment of objectives that could be summed as the project scope statement. 3. Gantt Chart of the Project The project schedule information is shown in the table below, TasksPrecedenceTime
3PROJECT MANAGEMENT REPORT a-5 days ba4 days cb2 days db3 days ec5 days fd7 days The Gantt chart of the project is shown below, IDTask Mode WBSTask NameDurationStartFinishPredecessors 00Project 119 days04-06-201828-06-2018 11a5 days04-06-201808-06-2018 22b4 days11-06-201814-06-20181 33c2 days15-06-201818-06-20182 44d3 days15-06-201819-06-20182 55e5 days19-06-201825-06-20183 66f7 days20-06-201828-06-20184 STTSMWFSTTSMWF 03 Jun '1810 Jun '1817 Jun '1824 Jun '18 Figure 1: Gantt chart of the project The critical path of the project has been shown in the Gantt chart as the highlighted red boxes of timeline. The critical activities of the project are, abdf The completion of the project would take 19 days. The summation of the duration of the critical path would provide us the total duration of the project, TaskDuration a5 b4 d3 f7 Tota l 19
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4PROJECT MANAGEMENT REPORT 4. Budget Development Process The following steps must be implied for the development of the final project budget estimation for the project, Step 1: Understanding and calculating the direct labour cost Step 2: Estimation of the material cost for the project Step 3: Accessing transportation costs required in project Step 4: Summing the salaries of employees of the project and contractor payment (if any) Step 5: Equipments and Software cost is calculated Step 6: Summing all the costs identified and calculated Step 7: Making proper documentation of the budget cost estimated for project activities 5. Project Risk Analysis Causes of project risk:The project risk can be caused intentionally or unintentionally due to several factors that can be classified into internal or external factors. Some of the causes of the risk in project are poor preparation, inadequate documentation, bad leadership, failure in parameter determination, inexperienced managers and workers, inaccurate estimation of the costs, lack of communication, and competing priorities. Risk Response:The response to project risk can be done by the implication of the risk management process. The risk mitigation planning would include the following steps, Step1: Identification of the factors of risk Step 2: Analysis of the impact of the risk factors Step 3: Characterization of the root causes of risk Step 4: Evaluation of the mitigation for risk causes Step 5: Prioritization of the risk mitigation alternatives
5PROJECT MANAGEMENT REPORT 9d12 11314 5b9 6511 9c11 11214 12f19 12719 0a5 156 12e17 14519 Step 6: Selection of resources required for risk mitigation and implementing it 6. Project Quality Methods The implication of the project monitoring, evaluation, and control would be helpful for the development project quality methods. The deployment of the project quality methods would be helpful for the implication of the effective implication of the operations favouring the utilization of the successive implication of the activities. The monitoring of the project would be used for identifying the activities favourable for the implication of the operations utilizing the implementation of the effective control methods. Figure 2: Project Control Process
6PROJECT MANAGEMENT REPORT Task 2 Introduction and Background The following is the project management plan developed for the project of ABC PLC and DEF Ltd. merger acquisition. The project management plan is documented for the execution of the effective implication of the project activities for aligning the deployment of the operations using the project management concepts. The project management plan document consisting of projectmanagementapproach,projectscope,milestonelist,projectscheduleandwork breakdownstructure,projectlifecycle,projectdeliverables,changemanagementplan, communication management plan, cost management plan, project scope management plan, quality management plan, risk management plan, resource management plan, and project control plan. TheprojectofABCPLCandDEFLtd.mergeracquisitionisdeployedforthe implication of the effective merger acquisition of the two companies. The alignment of the effective operation development had supported the deployment of the operations favouring the implication of the improved operations for the merger of the two companies. ABC PLC is a large food and drink company that has been well established. The company has been planning for acquisition of DEF Ltd. The merger of the two companies would be deployed with the help of proper alignment of the activities and deployment of the operations. 1. Project Management Approach The agile development methodology is implied for the alignment of the effective implication of the operations for the project development. The acquisition of the DEF Ltd by ABC PLC would be based for the development of the improved operation development. The utilization of the agile methodology would help in forming the iterative management of the activities.Theprofounddevelopmentoftheactivitiesoftheprojectbyusingtheagile development would be developed for implying in the operation development. The use of agile would allow the successive formation of the activities for the project. The iterative step by step deployment of the activities would be helpful for the alignment of the operations for merger of
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7PROJECT MANAGEMENT REPORT the two companies. The project of ABC PLC and DEF Ltd. merger acquisition is deployed for the implication of the effective merger acquisition of the two companies. 2. Project Scope The project of ABC PLC and DEF Ltd. merger acquisition is deployed for the merger acquisition of the two companies. It would involve the implication of the successive management and development. The project has the following scope, a)Development of the effective structure feasible for the operations of the two companies b)Inventory development for the data and information transfer among the two companies c)Various plans like communication plan, culture integration plan, staff retention plan, and project integration plan d)Merger of the two companies based on the factors of structure, operations, and business 3. Milestone List TheprojectofABCPLCandDEFLtd.mergeracquisitionisdeployedforthe implication of the merger and acquisition for the two companies. The plan development would be based on the use of agile methodology. The milestones of the project are given in the table below, WBSTask NameDurationStartFinish M1Kick off0 days24-05-201824-05-2018 M2Structured0 days14-06-201814-06-2018 M3Integrated Inventory0 days26-06-201826-06-2018 M4Plan Approval0 days10-07-201810-07-2018 M5Closed0 days15-08-201815-08-2018
8PROJECT MANAGEMENT REPORT 4. Project Schedule and Work Breakdown Structure The schedule for the project of ABC PLC and DEF Ltd. merger acquisition is given in the table below, WB STask NameDuratio nStartFinishPredecesso rs 0ABC, PLC, and DEF merger acquisition71 days10-05-201816-08-2018 1Initial Phase11 days10-05-201824-05-2018 1.1Analysis3 days10-05-201814-05-2018 1.2Documentation5 days15-05-201821-05-20182 1.3Objective Definition2 days22-05-201823-05-20183 1.4Documents are signed off1 day24-05-201824-05-20184 M1Kick off0 days24-05-201824-05-20185 2Structure15 days25-05-201814-06-2018 2.1Establishing guidelines3 days25-05-201829-05-20186 2.2Structure for merged company is outlined4 days30-05-201804-06-20188 2.3Expansion of the structure8 days05-06-201814-06-20189 2.4Considering Business, System, and Operations3 days30-05-201801-06-20188 M2Structured0 days14-06-201814-06-201810,11 3Inventory8 days15-06-201826-06-2018 3.1Pre Close Data Transfer3 days15-06-201819-06-201812 3.2Strategic Level of meetings are executed5 days15-06-201821-06-201812 3.3Tactical support plan development2 days20-06-201821-06-201814 3.4Integration of Strategy and Governance3 days22-06-201826-06-201815,16 M3Integrated Inventory0 days26-06-201826-06-201817 4Plan10 days27-06-201810-07-2018 4.1Develop Communication plan3 days27-06-201829-06-201818 4.2Develop Culture Integration plan2 days02-07-201803-07-201820 4.3Develop staff retention plan4 days04-07-201809-07-201821 4.4Develop Project Integration Plan7 days02-07-201810-07-201820 M4Plan Approval0 days10-07-201810-07-201822,23 5Execution30 days06-07-201816-08-2018 5.1Implementation of Plan2 days11-07-201812-07-201824 5.2Execution of the Project Integration Plan14 days13-07-201801-08-201826 5.3Monitoring the Business, System, and Operations30 days06-07-201816-08-201826FS-5 days 5.4Lesson learnt is documented3 days13-08-201815-08-201828FS-4 days M5Closed0 days15-08-201815-08-201829 The following is the Gantt chart for the project of ABC PLC and DEF Ltd. merger acquisition,
9PROJECT MANAGEMENT REPORT IDTask Mode WBSTask NameDurationStartFinish 00ABC PLC and DEF Ltd. Merger acquisition 71 days10-05-201816-08-2018 11Initial Phase11 days10-05-201824-05-2018 21.1Analysis3 days10-05-201814-05-2018 31.2Documentation5 days15-05-201821-05-2018 41.3Objective Definition2 days22-05-201823-05-2018 51.4Documents are signed off1 day24-05-201824-05-2018 6M1Kick off0 days24-05-201824-05-2018 72Structure15 days25-05-201814-06-2018 82.1Establishing guidelines3 days25-05-201829-05-2018 92.2Structure for merged company is outlined 4 days30-05-201804-06-2018 102.3Expansion of the structure8 days05-06-201814-06-2018 112.4Considering Business, System, and Operations 3 days30-05-201801-06-2018 12M2Structured0 days14-06-201814-06-2018 133Inventory8 days15-06-201826-06-2018 143.1Pre Close Data Transfer3 days15-06-201819-06-2018 153.2Strategic Level of meetings are executed 5 days15-06-201821-06-2018 163.3Tactical support plan development 2 days20-06-201821-06-2018 173.4Integration of Strategy and Governance 3 days22-06-201826-06-2018 18M3Integrated Inventory0 days26-06-201826-06-2018 194Plan10 days27-06-201810-07-2018 204.1Develop Communication plan3 days27-06-201829-06-2018 214.2Develop Culture Integration plan 2 days02-07-201803-07-2018 224.3Develop staff retention plan4 days04-07-201809-07-2018 234.4Develop Project Integration Plan 7 days02-07-201810-07-2018 24M4Plan Approval0 days10-07-201810-07-2018 255Execution30 days06-07-201816-08-2018 265.1Implementation of Plan2 days11-07-201812-07-2018 275.2Execution of the Project Integration Plan 14 days13-07-201801-08-2018 285.3Monitoring the Business, System, and Operations 30 days06-07-201816-08-2018 295.4Lesson learnt is documented3 days13-08-201815-08-2018 30M5Closed0 days15-08-201815-08-2018 Analyst Documenter Analyst Documenter 24-05 Negotiator Acquisitor Acquisitor Negotiator 14-06 Database Department Executives Acquisitor Executives 26-06 HR manager HR manager HR manager Planner 10-07 Project Manager Project Manager Analyst Documenter 15-08 SMTWTFSSMTWTFSSMTWT 29 Apr '1820 May '1810 Jun '1801 Jul '1822 Jul '1812 Aug '1802 Sep '1823 Sep '18 Figure 1: Gantt chart of the project (Source: Created by the author) The following is the work breakdown structure for the project of ABC PLC and DEF Ltd. merger acquisition,
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10PROJECT MANAGEMENT REPORT 0 1 1.1 1.2 1.3 1.4 M1 2 2.1 2.2 2.3 2.4 M2 3 3.1 3.2 3.3 3.4 M3 4 4.1 4.2 4.3 4.4 M4 5 5.1 5.2 5.3 5.4 M5 - ABC PLC and DEF Ltd. merger acquisition project - Initial Phase- Structure- Inventory- Plan- Execution - Analysis - Documentation - Objective Definition - Documents are signed off - Kick off - Establishing guidelines - Structure for merged company is outlined - Expansion of the structure - Considering Business, System, and Operations - Structured - Pre Close Data Transfer - Strategic Level of meetings are executed - Tactical support plan development - Integration of Strategy and Governance - Integrated Inventory - Develop Communication plan - Develop Culture Integration plan - Develop staff retention plan - Develop Project Integration Plan - Plan Approval - Implementation of Plan - Execution of the Project Integration Plan - Monitoring the Business, System, and Operations - Lesson learnt is documented - Closed Figure 2: Work Breakdown Structure of the project (Source: Created by the author)
11PROJECT MANAGEMENT REPORT 5. Project Lifecycle The project plan for ABC PLC and DEF Ltd. merger acquisition is developed using agile methodology. The project plan can be divided into initial phase, structure, inventory, plan, and execution. The summation of these phases would result in forming the implication of the effective utilization of the project management principles for the development. The project life cycle has been explained below, Initial Phase:The initial phase of the project comprises of analysis, documentation, objective definition, and documents are signed off. The kick off is the milestone of this phase and the completion of the phase would result in forming the initiation of the project. Structure Phase:The structure phase would be helpful for the development of the structure for the two merge companies. It includes establishing guidelines, structure for merged companyisoutlined,expansionofthestructure,andconsideringbusiness,system,and operations. The milestone of the phase is structured. Inventory Phase:The inventory phase involves pre-close data transfer, strategic level of meetings are executed, tactical support plan development, and integration of strategy and governance. It would help in forming the transfer of information among the two merging companies. The integrated inventory would act as the milestone of the project. Plan Phase:The plan phase involves develop communication plan, develop culture integration plan, develop staff retention plan, develop project integration plan and plan approval. The plan approval is the milestone of the project and the completion of the project would be resulted in completion of the plan. Execution Phase:The execution phase would involve the implementation of plan, execution of the project integration plan, monitoring the business, system, and operations, and lesson learnt is documented. The milestone of the project is closed and it would be aligned for the implication of the operations. 6. Project Deliverables The deliverables of the project of ABC PLC and DEF Ltd. merger acquisition are,
12PROJECT MANAGEMENT REPORT a)Documentation of the project reports for ensuring that effective alignment of the project b)Properprojectplanrequiredforthedevelopmentoftheeffectivemerger acquisition c)Merger documentation required for the alignment of the effective activities d)Completion of the merger documents so that the effective acquisition of the company 7. Change Management Plan The change management plan for the project of ABC PLC and DEF Ltd. merger acquisition is given below, Step 1: Creation of the urgency- The urgency for the change is developed for the initiating the change management plan for the project Step 2: Powerful Coalition- The roles of each of the members is defined and workshops of the stakeholders are being executed Step 3: Creation of vision- The vision is created for ensuring that the change is implied successfully for the implication of the improved operation development Step 4: Communication of the vision- The vision for the change implementation is being communicated to the various project team members Step5:EmpoweringEmployees-Theemployeesarebeingprovidedwiththe authentication for the development of the changes Step 6: Creation of short term vision- The short term vision would be developed for listing the change implementation for the project Step 7: Change building- The change building is developed for ensuring that the effective changes in the project can be implied Step 8: Implement changes- The changes are implied for the company acquisition and it would help in integrating the changes
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13PROJECT MANAGEMENT REPORT 8. Communication Management Plan The communication management plan for the project of ABC PLC and DEF Ltd. merger acquisition is shown below, Communication Type Communication ObjectiveMediumFrequencyAudience Kick off meetingInitiation of the project activities Face to face OnceProject Team Sponsor Client Project Team meeting Allocation of the resources in the project ConferenceMonthlyProject Team Project Status meeting Discussion of the activities of the project Face of face WeeklyPMO Status reportCompletion of the project is discussed DocumentsMonthlyCustomer Stakeholders 9. Resource Management Plan The resource management plan for the project of ABC PLC and DEF Ltd. merger acquisition is shown below, Resource NameActivitiesWork Analyst Analysis24 hrs Objective Definition16 hrs Monitoring the Business, System, and Operations240 hrs Documenter Documentation40 hrs Documents are signed off8 hrs Lesson learnt is documented24 hrs NegotiatorEstablishing guidelines24 hrs
14PROJECT MANAGEMENT REPORT Considering Business, System, and Operations24 hrs Acquisitor Structure for merged company is outlined32 hrs Expansion of the structure64 hrs Tactical support plan development16 hrs Database Department Pre Close Data Transfer24 hrs Executives64 hrs Strategic Level of meetings are executed40 hrs Integration of Strategy and Governance24 hrs HR manager Develop Communication plan24 hrs Develop Culture Integration plan16 hrs Develop staff retention plan32 hrs PlannerDevelop Project Integration Plan56 hrs Project Manager Implementation of Plan16 hrs Execution of the Project Integration Plan112 hrs 10. Cost Budget The cost budget plan for the project of ABC PLC and DEF Ltd. merger acquisition is shown below, Resource NameWorkStandard RateCost Analyst280 hrs£50.00/hr£14,000.00 Documenter72 hrs£60.00/hr£4,320.00 Negotiator48 hrs£80.00/hr£3,840.00 Acquisitor112 hrs£85.00/hr£9,520.00 Database Department24 hrs£95.00/hr£2,280.00
15PROJECT MANAGEMENT REPORT Executives64 hrs£0.00/hr£0.00 HR manager72 hrs£90.00/hr£6,480.00 Planner56 hrs£70.00/hr£3,920.00 Project Manager128 hrs£120.00/hr£15,360.00 11. Risk Management Plan The ABC PLC and DEF Ltd. merger acquisition project risk can be caused intentionally or unintentionally due to several factors that can be classified into internal or external factors. Some of the causes of the risk in project are poor preparation, inadequate documentation, bad leadership, failure in parameter determination, inexperienced managers and workers, inaccurate estimation of the costs, lack of communication, and competing priorities. The response to project risk can be done by the implication of the risk management process. The management plan for the project of ABC PLC and DEF Ltd. merger acquisition is given below, Step1: Identification of the factors of risk Step 2: Analysis of the impact of the risk factors Step 3: Characterization of the root causes of risk Step 4: Evaluation of the mitigation for risk causes Step 5: Prioritization of the risk mitigation alternatives Step 6: Selection of resources required for risk mitigation and implementing it 12. Project Control Management The implication of the project monitoring, evaluation, and control would be helpful for the development project quality methods. The deployment of the project quality methods would be helpful for the implication of the effective implication of the operations favouring the utilization of the successive implication of the activities. The monitoring of the project would be
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16PROJECT MANAGEMENT REPORT used for identifying the activities favourable for the implication of the operations utilizing the implementation of the effective control methods. Conclusion The project of ABC PLC and DEF Ltd. merger acquisition was deployed for the implication of the effective merger acquisition of the two companies. The alignment of the effective operation development had supported the deployment of the operations favouring the implication of the improved operations for the merger of the two companies. The project management plan had been documented for the execution of the effective implication of the project activities for aligning the deployment of the operations using the project management concepts.Theprojectmanagementplandocumenthadconsistedofprojectmanagement approach, project scope, milestone list, project schedule and work breakdown structure, project lifecycle, project deliverables, change management plan, communication management plan, cost management plan, project scope management plan, quality management plan, risk management plan, resource management plan, and project control plan.
17PROJECT 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. Hines, E. E., and Landis, W. G. 2014. Regional risk assessment of the Puyallup River Watershed andtheevaluationoflowimpactdeploymentinmeetingmanagementgoals.Integrated environmental assessment and management,10(2), 269-278. Hussein, B. A., and Ravnå, R. 2015, September. A template for building adaptable project risk managementgames.InIntelligentDataAcquisitionandAdvancedComputingSystems: Technology and Applications (IDAACS), 2015 IEEE 8th International Conference on(Vol. 2, pp. 535-542). IEEE.
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19PROJECT MANAGEMENT REPORT Tomanek, M., and Juricek, J. 2015. Project risk management model based on PRINCE2 and SCRUM frameworks.arXiv preprint arXiv:1502.03595. Wong, C. R., Wang, A., Buechler, C., Flores, L., Dorri, M., Updegraff, M., ... and Olson, M. 2017.CivilEngineeringSeniorDesignCapstoneProject:DesignDocumentationforthe Widening of Broadway Boulevard. Xiao, N. G., and Lee, K. 2018. iTemplate: A template-based eye movement data analysis approach.Behavior research methods, 1-11.