Project Management: Stakeholder Analysis, Risk Assessment, WBS, Gantt Chart and Network Diagram

This report on Transport for London covers project management methodologies, stakeholder analysis, risk assessment, WBS, Gantt chart and network diagram. It also provides insights on quality control, personal relations, and tracking work breakdown activities.

Project management
Table of Contents
INTRODUCTION...........................................................................................................................1

MAIN BODY...................................................................................................................................1
Task 1...............................................................................................................................................1
Methodologies........................................................................................................................1
Task 2...............................................................................................................................................2
Gantt chart and network diagram...........................................................................................2
Task 3...............................................................................................................................................3
Stakeholders analysis..............................................................................................................3
Task 4WBS......................................................................................................................................5
Risk assessment......................................................................................................................6
Task 6...............................................................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Project management is considered as an effectual technique for marking appropriate
standards while performing within project sector. Moreover, it facilitated methods that assist to
assure efficient utilisation of project resources as well as also assure about work atmosphere
within entity. Within this report, Transport for London is undertaken. The main aim of the report
is to perform the stakeholder analysis, determination of risks, Gantt chart, WBS and network
diagram.
MAIN BODY
Task 1
Methodologies
Project methodology is undertaken as the vital way for communicating progress of project
sector into much effectual as well as appropriate way. Moreover, these are regarded to explore
more benefits or output from particular resources that are being invested into project. Within this
project Transport for London perform the project of road for developing greener, saver and much
eye-catching streets and develop whole network of buss all over London. So, some main project
methodologies are discussed below:
 Waterfall: Respective project methodology describes about their effectual operations in
respect to promote effectiveness of task into constructions as well as production sectors.
Moreover, this also concentrates upon regular performance into project sector. Additionally,
within their analysis, in case staff leave into mod of project work management that are being
develop for replacing the person which undertakes efficiencies of task that being formulated
and being same.
 Agile: Respective project methodology is regarded as the effective suited approach while
being involved into self- arranged as well as cross functional groups. In this aspect, TFL is
undertaking for developing streets as well as formulation of plan through considering
greenery into London region. So, highlighting towards societal prospective of entity where
they would able to explore towards multinational cultural aspect and also respect
methodology would be effectively suited.
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Both project methodologies are essential as these help Transport for London to concentrates
upon regular performance into project sector. Additionally, within their analysis, in case staff
leave into mod of project work management that are being develop for replacing the person
which undertakes efficiencies of task that being formulated and being same. Also, to explore
towards multinational cultural aspect and also respect methodology would be effectively suited.
Task 2
Gantt chart and network diagram
Task 3
Stakeholders analysis
Stakeholder analysis is considered as the essential as well as initial step into management
of stakeholder. Moreover, this is undertaken as primary method which effective individual utilise
for gaining supports from others. In addition to this, the stakeholder plays crucial role to provide
appropriate information to projects, enables them to accomplish work into effective way.
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Additionally, it is used for developing longer period initiatives as well as plays crucial aspects to
attain much efficient outcomes. With determination of several desires, this is important for
evaluating how whole three methods are involved among management of firm and outcome in
determination , prioritisation and at last stakeholder comprehension. Such as a n outcomes, a
huge number of individuals are incorporated within firm’s procedures for accomplishing the task
with essential information for managing work in efficient way.
 High power and high interest: This has been represented that through these workforce,
administrative becomes competent for performing its work with much effectiveness. In
simple terms, those who are at this step within TFL are at high range of food chain or into
leadership position. Additionally, the individuals who are taken into this aspect are investor.
Respective aspect is utilised for keeping the eye upon whole work.
 High power and low interest: Within TFL, consumers are that individuals who have power
for deciding upon projects. Additionally as staffs are less involved into business activities,
this is essential for firm to maintain workers satisfaction. Also TFL recognises that its
messages are repeated rarely since this has low impacts. Persons accomplish this phase
through accomplishing the desires of stakeholders.
 Low power and high-interest: Estimate the key of those incorporated into task of firm. So,
for assisting TFL, their management have described board categories which can be utilised
for managing activities into well- determined way. Within participation of whole
components, management of project has undertaken as new aspects. Also, it is utilised
through TFL’s management for developing effectual decisions.
 Low power and less interested: as the lower productivity as well as pessimistic interest
model is not efficient and useful to retain for longer time period, administrative are related
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to whole that variables which are incorporated within respective firm, activities and system
of management should be applied for generating higher interests. As an outcome, there are
various competitors within retail business that develops issues. Also, stakeholder model
category incorporates transporters and others. They are only used for keeping tracks of
performing activities.
Task 4WBS
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Main activities
Budget Approval
Director Approval
Music Advertising Train Production
Crew
Hire Orchestra Hire publicity
Director
Hire set designer

From the above work break down structure, it has been determined that, there are various
main activities which are performed by TFL such as budget approval, music, adversitement train
production, develops an advertisement plan and performance. for accomplishing all these
activities the manager have perform more task that are for approving the budget director and
department approval is essential as well as manager concern. In respect of music, they hire
orchestra. For advertisement, they hire publicity director, utilise digital techniques and at last
marketing tool.
Risk assessment
Risk
Description of the
risk
Negative / Positive
Probability /
Impact
Strategy to deal with the
risk
What is the Negative or Positive High or Low avoid, accept, mitigate,
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Department
approval
Manager’s
concern
Develop an
Advertisement Plan
Performance
Use of digital
techniques
Marketing tools
Set designed and
buit
Cast rehearsal
Advertisement
media
Concern of
marketing
manager
Performance
management
techniquesTraining and
development

name of the
risk ?
and why? probability/High or
Low impact?
transfer, exploit, enhance,
share and why?
The design as
well as
deliverable of
project is
lacking.
Negative High Assumption of document is
associated with campaign as
well as relate risk is higher as
well as are not been
incorporated into scope as
they can tackle progress of
campaign.
The project
schedules are
not
effectually
described.
Negative as project
activities cannot be
accomplished on
specified time
duration
High For making campaign many
effectual, forthcoming
activities should be attained as
well as firm’s process should
be maximised.
Task 6
Particulars Quality
expectation
Acceptance
criteria
Quality
specification
Controlling
techniques
Methodology Key
performance
Indicator
Higher quality Operation of
project
screening
Stakeholders Benchmarking Higher quality Effectual
relationship
Personal relations
WBS Key
performance
indicator
Higher quality Work
breakdown
Tracking of
activities
Gantt chart Benchmarking Higher quality Stages of project Background of
particular project.
Risk Analysis Key
performance
Higher quality Risk register Register
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indicator
CONCLUSION
As per the above report, it has been concluded that, project management plays essential role
as it is an effectual technique for marking appropriate standards while performing within project
sector. Moreover, it facilitated methods that assist to assure efficient utilisation of project
resources as well as also assure about work atmosphere within entity. Additionally, Project
methodology is helpful to explore more benefits or output from particular resources that are
being invested into project. Stakeholder analysis is considered as the essential as well as initial
step into management of stakeholder. Moreover, this is undertaken as primary method which
effective individual utilise for gaining supports from others. In addition to this, through
undertaking the analysis of stakeholder, risk assessment, development of WBS as well as
network diagram may consider as effectual techniques for formulating appropriate ways to
accomplish the expected project objectives.
So, being involved into project operation of TFL, it has been recommended that various
prospects that would assure effectiveness of project entity.
 Research of market has to be performed upon continuous intervals.
 Undertaking the digital technologies into operations of project that might be useful
technique to minimise task difficulties.
 Effectual decision taking may be assure by determination of risk evaluation through
participative procedures of decision taking within project sector.
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REFERENCES
Books & Journals
De Vries, J., 2020. Identifying inventory project management conflicts: Results of an empirical
study. International Journal of Production Economics, 226, p.107620.
Filippetto, A.S., Lima, R. and Barbosa, J.L.V., 2021. A risk prediction model for software
project management based on similarity analysis of context histories. Information and
Software Technology, 131, p.106497.
Kerzner, H., 2019. Using the project management maturity model: strategic planning for project
management. John Wiley & Sons.
Larsson, J. and Larsson, L., 2020. Integration, application and importance of collaboration in
sustainable project management. Sustainability, 12(2), p.585.
Lock, D., 2021. Project management.
Mahmoudi, A., Javed, S.A., Liu, S. and Deng, X., 2020. Distinguishing coefficient driven
sensitivity analysis of GRA model for intelligent decisions: application in project
management. Technological and Economic Development of Economy, 26(3), pp.621-641.
Pan, Y. and Zhang, L., 2021. A BIM-data mining integrated digital twin framework for advanced
project management. Automation in Construction, 124, p.103564.
Picciotto, R., 2020. Towards a ‘New Project Management’movement? An international
development perspective. International Journal of Project Management, 38(8), pp.474-
485.
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