Project Management: Techniques, Methodologies, Stakeholder Analysis, Risk Analysis, and More

This report discusses project management techniques, methodologies, stakeholder analysis, risk analysis, and more in the context of TFL's construction project. It covers topics such as network diagrams, WBS, Gantt charts, and quality expectations. The report also includes references to relevant books and journals.

Project Management

Table of Contents
Introduction......................................................................................................................................3
Main Body.......................................................................................................................................3
Task 1.....................................................................................................................................3
Task 2.....................................................................................................................................4
Task 3.....................................................................................................................................9
Task 4...................................................................................................................................12
Task 5...................................................................................................................................12
Task 6...................................................................................................................................14
Conclusion.....................................................................................................................................14
References......................................................................................................................................16

Introduction
Project management refers to an effective technique that enables project managers to carry out project activities in a concise or
required manner. The provided technique further promotes efficiency of project tasks produced in the project firm and also develops
standards on which specified aims and objectives of the project firm can be achieved. In the provided report document, operational
working at TFL will be taken into consideration. Transport for London commonly known as TFL, is being appointed for construction
of land along with Bollo Lane and are deemed to develop new 800 homes in Acton. Provided document will reflect on several project
activities performed in respect to stakeholder analysis, WBS, risk analysis and project methodology.
Main Body
Task 1
Methodologies
For the provided construction project undertaken in the project firm various methodologies can be taken into consideration. For
the provided project taken by TFL, managers of the project can rely for such methodologies for completion of the project task. Below
are the methodologies under which the said project can be performed; Agile: The given methodologies derives its advantages in form of ultimate effective usage of project resources being invested
for completion of various project tasks. For the said project, given methodology can derive productivity of the project firm and
also enable project managers to seek growth of firm by avoiding wastages of resources.
 Waterfall: For the said methodologies separating project resources and allocating such resources derives with one of the
effective derivates of the project firm. The provided methodology by undertaking each project task with right ability of human
resources and usage of effective project resources in best possible manner towards the attainment of desired project goals and
objectives.

The project manager can take consideration of both the methodologies which will ensure effective usage of project resources
and will define a critical pathways to attain the desired project objectives and goals. Seeking to nature of the project as the firm will be
engaged in construction of road and will contribute towards promoting social objectives of the project firm.
Task 2
Network diagram
Network diagram refers to graphical presentation of to be operated activities in the project firm. Such representation enables
project managers to clarify vision and scope of the given project. In addition to this, project managers are also able to regulate project
activities as per the desired standards towards the attainment of desired goals and objectives of the firm. A network diagram presents
interrelation between various tasks to be performed in the project firm and also enables with effective allocation of project resources to
perform such tasks in the organisational firm. Through this project managers are also enabled with effective usage of project resources
and are guided with avoidance of resources consisting of monetary as well as human resource.

The above diagram is prepared through underneath basis
Early Start Activity Number Early finish
Slack
time
ACTIVITY NAME
Late Start Duration Late Finish
From the analysis of above presented network diagram which illustrates the best suited path for completion of project aims and
objectives. Through this diagram the managers of the project firm will be able to critically define the pathways under which proper
utilisation of project resources will be initiated. By presentation of above diagram, it can be said that managers develops clear vision
towards attainment of desired project objectives. As per the analysis of higher up chart of concert that different activities are based on

the shortest time such as, 1,2,4,5,9,10,21 and 22. Thus, the lowest possible time to finish them will be about in 116 days that is period
of time of such events.
Gantt chart

Task 3
Stakeholder analysis
Stakeholder analysis refers to the technique through which managers of the organisational firm are able to analyse impact of
power as well as interest for several stakeholders of the firm. For a given project there are various project managers being involved in
the completion of the project task, thus the provided analysis forms an effective bridge towards completion of desired goals and

objectives of the project firm. These could include every individual related to the project firm. For the given project undertaken by
TFL project managers of the firm takes consideration of the following stakeholder matrix for enabling better performance against
project activities;
 High power, low interest: Under this quadrant individual those who possess low interest towards operational working of the
business firm but exists with high power to manipulate the operations of the organisational firm. For the given project firm i.e.
TFL, managers of project firm consider Committee members involved in the said project. High power, high interest: For this quadrant individuals those who possess high interest towards operational working of the
business firm and also exist with high power to manipulate the operations of the organisational firm. For the given project firm
i.e. TFL, managers of project firm consider investors of the project for the given quadrant. This is in regards to as such
individuals invest their savings for the project firm and also can influence on project decision-making.

 Low power, high interest: In the given quadrant individuals those who possess high interest towards operational working of
the business firm but exist with low power to manipulate the operations of the organisational firm. For the given project firm
i.e. TFL, managers of project firm consider organisers for the provided quadrant with low power and high interest of
individuals towards the organisational firm.
 Low power, low interest: Under this quadrant individual those who possess low interest towards operational working of the
business firm and also exist with low power to manipulate the operations of the organisational firm. For the given project firm
i.e. TFL, managers of project firm consider audience or potential customers for the provided quadrant.

Task 4
WBS
WBS refers to presentation of various tasks to be performed in the project institution.
Research Project
Introduction Literature Review Research
Methodology
Data AnalysisData Collection Conclusion and
Recommendation
Identify a suitable
problem
Design aims and
objectives
Literature Research
Background of the
research
Research Design
Research
Philosophy
Research Limitation
Design
Questionnaire
Survey
Collection of
Secondary data
Develop Themes
Interpretation of
data
Conclusion
Recommendation
Evaluation of final
report
Submission of final
Report

Task 5
Risk analysis
No. Risk Effect Possibility Mitigation
1 Failure of power Low High Using good quality of machines and equipments
being used under guided manner.
2 Changes in weather High Moderate Estimating the possibilities and good planning
techniques.
3 Safety and security Low Moderate Vision of secured place to work
4 Low human resource High High Effective HR management
5 Technological updates Low Moderate Market research
6 Bad catering on site High Low Hiring good quality catering
7 Lack of coordination High Low Coordination techniques
8 Lack of space Low High Allocation of resources in proper manner
9 Issues relation to society High Low Completion of social objectives
10 Self-esteem High Low Providing fair working environment in the
operational firm.
11 Lack of parking space Low Low Organising good parking facilities
12 Loss of finance Low Low Finance management
13 Project conflicts High Low Effective supervision
14 Low moral Moderate Low Marking company good place to work through
motivational techniques.
15 Government influence Low Low Market research

16 Shortage of resources High Moderate Effective allocation and usage strategies.
17 Employee safety High Low Illustrating disaster management training session.
18 Act of God Low High -
19 Ineffective time management Low High Time management techniques
20 Market uncertainties High Low Market research and operational flexibility
Task 6
Particulars Quality expectation Acceptance criteria Quality specification Controlling techniques
Advertising High Increasing sales by 5% Technology usage Training and developing
Methodology High Increasing productivity
by 5%.
Agile and Waterfall Following principles of
methodology
Risk assessment High Raising productivity by
2%.
Risk register Effective risk
management techniques
Performance High Increasing turnover by
7%.
WBS and Gantt chart Supervision techniques.
Conclusion
From the evaluation of above report document, it can be concluded that, project management plays a vital role in developing
an effective standards of activities to be performed in the corporate firm. In the provided report document, risk analysis plays a crucial

role in delivering effectiveness of the project to be performed towards the given project. Furthermore, provided report also allows
managers of the firm to undergo several project tasks in the effective manner.

References
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Books and Journals