Project Management Techniques and Tools

Running Head: PROJECT MANAGEMENT
Labuan Square Redevelopment Project
Name of the Student
Name of the University

1PROJECT MANAGEMENT
Table of Contents
Introduction and Project Background..............................................................................................2
Project Parameters and Boundaries.................................................................................................2
Project Management Practice and Methodology.............................................................................2
Project Management Techniques and Tools....................................................................................3
Project Integration Management..................................................................................................3
Project Scope Management.........................................................................................................3
Project Schedule Management....................................................................................................4
Project Cost Management............................................................................................................9
Project Quality Management.....................................................................................................11
Project Resource Management..................................................................................................11
Project Communications Management......................................................................................12
Project Risk Management..........................................................................................................13
Project Procurement Management.............................................................................................13
Project Stakeholder Management..............................................................................................13
Conclusion.....................................................................................................................................14
Bibliography..................................................................................................................................16

2PROJECT MANAGEMENT
Introduction and Project Background
In this project, as a part of the plan developed by the client, a two storey building will be
constructed including various specifications once ten shops on the west of Labuan Square are
demolished. It is evident from these requirements that significant demolition and construction
works are necessary in the project along proper design and planning. In addition to knowledge
and skills specific to the construction, project management knowledge (PMBOK knowledge
areas) are also required to plan, initiate, execute and close the project.
This report is based on the planning of the project as well as discussion about various
parameters of the project with specific focus on the ten knowledge areas of Project Management
Body of Knowledge (PMBOK).
Project Parameters and Boundaries
The main parameters for any project include three main boundaries – scope, time and
budget. For the redevelopment of Labuan square, the primary scope involves demolition of ten
shops and construction of a two storeyed building. The time allocated for the project is 300
working days and the allocated budget is $2,250,000.
Project Management Practice and Methodology
As with the case of any normal project, this particular project will also be conducted with
a specific methodology and practice. Since this project is primarily based on demolition and
construction works, the most favourable methodology for the project is waterfall method. The
project management practices involved will be as per the ten knowledge areas as specified by the

3PROJECT MANAGEMENT
Project Management Body of Knowledge (PMBOK). Further details of the project management
practice that will be applicable for the project are discussed under the following headers.
In addition to the PMBOK knowledge areas, some other details of the project also need to
be discussed. As for the methodology, waterfall model will be used for the project. This method
is utilised because this project is not software based and the sequence of activities specified in
the waterfall model suits this project. The use of the waterfall method in this project will be
reflected in the work breakdown structure that will be discussed later in this report.
Project Management Techniques and Tools
Tool / Technique 1: Project Integration Management
The entire project, integrated with all the different parameters, techniques and tools, that
can be presented as a part of a full project plan is called project integration. On the other hand,
the process by which all the project parts are integrated within one plan is called project
integration management. In this project, the project integration management will be done once
all the different parts of the project are planned and completed and the project is ready for
execution.
Tool / Technique 2: Project Scope Management
Project scope signifies the boundary of the project and the management of the scope is
essential for keeping the project on track during execution. For the project that is under focus for
this report, the scope is defined as follows.
Demolition Works – Ten shops on the specified location will be demolished for the
purpose of construction of the building.