Project Management: Assignment (Doc)
Added on 2021-06-17
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Leadership Management
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PROJECTMANAGEMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3PROJECT DESCRIPTION.............................................................................................................4FACTOR’S CONTRIBUTING TO RONY’S PROJECT FAILURE.............................................4Factors for Failure of Rony’s project...........................................................................................5RECOMMENDATIONS FOR CURRENT SITUATION AND FUTURE PROJECTS................7Practical solutions........................................................................................................................7CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTION A Project can be defined as a temporary plan for a specific period that has particularbeginning and end time, therefore it posses defined resources and scope. Every project is uniquein its way because they involve specific set of operations to be accomplished in a given timeperiod (Kerzner & Kerzner, 2017). However, Project management is a bigger term that involvesplanning, controlling, staffing, executing so that the defined project can be accomplished ontime. In the current business scenario, it is important for all the small, medium and even biggerenterprises to have proper project management. In this report, case study of the CustomRonworking Company will be taken into consideration. The firm is a small to medium sized andCustom manufacturer of furniture and cabinets. However, the above mentioned company isbeing facing critical problem in their current project due to lack of proper management. Thisreport will highlight failures of the project and the ways through which company can cope upwith it in future endeavor.PROJECT DESCRIPTIONRon Carpenter if the Chairman and Chief Executive Officer of Custom RonworkingCompany. He with his wife Mrs. Emelia Carpenter started their business long back in 1954.Since then, the company got highly recognized in the furniture market and the way they createdattractive furniture design. They now also produce custom made furniture to order for theirretailers and wholesaler (Fleming & Koppelman, 2016). Further, the company has created a loyalstaff and work force to accomplish their organizational goals. John Carpenter, Son of RonCarpenter had also joined their company management as a Director. He has obtained anEngineering degree form the University of Newcastle. Currently, with John Carpenter’sinsistence, the company is moving into new commercial construction that involves, subcontractwork supplying, new cabinets and furniture and fixtures (Walker, 2015). The company had todecide whether they wanted a new land for their manufacturing or use their vacant land in theircurrent property due to lack of manufacturing space. Thus, with lots of hated arguments theydecided to go for their current business site considering the time and energy factors in shiftingprocess.
Ron carpenter headed the meeting with all the directors and respective people to discusson the project. It was agreed that the additional production capacity that will be equivalent to25% of the existing floor area. Offices of President and Executive Vice President was also to berenovated.At the meeting the total cost for the project was estimated was $17 million and Ronalso passed this budget considering all the cost will be coming under this budget. The target datethat was decided for the project was 18 months from the day of beginning. The project wasnamed as Rony’s. Expert Industrial Developer (EID) were working on the project under theSpencer Moneysworth who was looking after the responsibility of the project.FACTOR’S CONTRIBUTING TO RONY’S PROJECT FAILUREProject management is one of the most important part in starting any new project. Thus,before planning any new project it is mandatory to understand the basic steps to start any newproject. Below mentioned are few points through which proper project planning can be done:Initiating: This is the first step in order to start to new project. Initiating involves properdescription of the project to the respective people so that they can have an appropriate idea(Harrison & Lock, 2017). Thus, this involves proper documentation project objectives so thatwork can be done accordingly and each person knows what their job is in a defined project.Thereafter, a project Manager should be appointed to look after all the work and give report totheir respective seniors regarding the project accomplishment.Planning:Planning is the most important task in any project. It provides proper guidelines so thatthe work can be done and managed accordingly. This involves proper documented project plansand updated regarding the plan as the project progresses. This will help everybody in the projectto understand the progress and issues involved with the project (Mir & Pinnington, 2014).Executing: Executing involves practical accomplishment of work that has been planned for theproject. In this the project manager uses the planned documents so that they can workaccordingly (Kerzner, 2018). However, it is important to make detailed information of the all thework that has been executed for the future reference.Controlling:Controlling involves regular measurement of the project performance so that theycan verified and controlled if required. This will help the manager in optimum and best
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