Project Management for Transport for London

This report covers the project management methodologies, network diagram, stakeholder analysis, WBS, and risk analysis for Transport for London. The project aims to build more than 800 homes in Acton and organise an event to improve the brand image. The report provides insights into the different methodologies used, stakeholder analysis, network diagram, WBS, and risk analysis. The report concludes that project management is crucial for the success and growth of a business enterprise.

Project Management
transport for London

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Methodologies.............................................................................................................................1
TASK 2............................................................................................................................................2
Network diagram.........................................................................................................................2
..........................................................................................................................................................3
TASK 3............................................................................................................................................5
Stakeholder Analysis...................................................................................................................5
TASK 4............................................................................................................................................6
TASK 5............................................................................................................................................6
Risk Analysis..............................................................................................................................6
TASK 6............................................................................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
The project management is distinct as the use of the specific skills, knowledge,
techniques to deliver something value to the people. It is very important for the managers and the
organisation to have a look over the project in which the company has t invest or not. The good
project management can lead to the success and growth of the business enterprise. The project
management include the use of the various software which can help in improving the quality of
services for the business organisation. The project management help in increasing business
activities. The name of project is Transport for London where project is about developing some
of land along Bollo Lane to generate more than 800 new homes in Acton. An event is also
directed for anniversary of G&S society where TFL if going to be subsidised. (Chen and Xu, ).
This report covers beginning, growth of network diagram, stakeholder analysis, WBS, and risk
analysis that supports to upsurge productivity.
TASK 1
Methodologies
Th project which is been discussed in this report is about building more than 800 homes
in Action by TFL which could help in developing the business activities and its performance. A
project is been planned where the process of documentation and mixture of various activities are
used by the number of people in order to compete their goals and objectives. The main aim of
this project is to build homes of good structure and successfully organise event which will assist
in improving the brand image.(Liu, Long and Wei, 2022).
There are various methodologies which is connected with the project management and
the various use of the software can help in managing the activities of the organisation. In relation
to chosen project, TFL has selected to use different methodology such as:
Waterfall – This is defined as the methodology which is used by the people in their project
such as manufacturing, engineering, and construction. This provides advantages to the people in
completion of their project. There are different stages of the waterfall model which is
requirement, design implementation, and verification. TFL use all the three stages to analyse the
product requirement software construction is used to design the project and instrument it
therefore that can help to manage each function. In confirmations stages, all stages, products and
raw material while building homes should be check properly and manage each functions. The
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ending stage is preservation that used upholding each project and activities successfully. This can
assistance to progress the structural productivity and profitability by succeeding each stage and
software.
SCRUM – This is defined as the project development methodology which is utilised in
developing the software and deliver value to the customers. It is used collectively after building a
team and managing their work. This is the model which is based on three principle such as
transparency, inspection, and adaption that provisions to complete project. The inspection is used
to getting the feedback on specific product and change that used to bring variations in relation to
their practise of project. This benefits to develop the business case and maintain higher
presentation(Edwards, 2022).
TASK 2
Network diagram
The network diagram is been defined as the diagram which is been made with the help of
software and computer system in the form of graphical representation. This is the most important
for each individual who is handling the project and decide whether the network diagram is been
used or not. In the current scenario , a network diagram is been designed by project management
considering all the stages which are related with construction homes. he diagram for current
project is revealed below:
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The form of network diagram is being prepared by following this:
Early Start Activity Number Early finish
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Slack
time
ACTIVITY NAME
Late Start Duration Late Finish
In critical path it has been observed there are various activities which need to be followed
while doing the project. And it is been analysed that this project will take time in completion. As
per analysis highest time taken activities is assumed that more than 1 week. According to this
basis, highest possible time taken activities are 1,2,4,5,9,10,21 and 22 that will take maximum
time to complete the project. Moreover, the project will complete in 116 days.(Edwards, 2022).
TASK 3
Stakeholder Analysis
This analysis is a process of collecting relevant information to identify the stakeholders
of company on the basis of their levels of participation i.e. power and interests in the company.
To prioritize the shareholders, they are classified on power interest grid according to the degree
of their power and interests. The stakeholder analysis of TFL is mentioned below :
High Power, high Interest : It shows those shareholders that have high power and high interests
to follow the regulations by understanding the project. As regards the present project, Town
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hall committee and government fall under this due to their responsibility to form rules and
regulations for the project. (Gawusu and et. al., 2022).
High power, low Interest : The organizers and internal participants are considered to have high
power and low interest in the project of the company. They have power to transform the plan
but they get the fixed remuneration.
Low power , high Interest : Investors of the company are categorised in this category because
they possess low power and high interest in the project of company.
Low power, low Interest : The customers and employees of company are categorised under this
as they have low interest and possess low power. The employees work only to get their
salary. The customers have option to switch to another brand on late completion of project.
TASK 4
Work Break Down Structure : It is a tool for project management that provides a
method to complete the large projects by dividing them into multiple smaller tasks. By breaking
the project down in smaller activities, this framework facilitates integration of costs. The
following is the WBS of TFL prepared by its project manager :
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TASK 5
Risk Analysis
No. Risk Impact Possibility Mitigation
1 Power Failure Low High By using productive machines and
quality raw material for successful
completion of project.
2 Climate and
Weather change
High Moderate By forecasting weather and
formulating plans accordingly.
3 Safety Low Moderate By adhering to the employee safety
rules and ensuring safety of
workplace.
4 Lack of
productivity in
employees
High High By recruiting the skilful employees
and keeping them motivated to
increase interests in the work.
5 Adapting to
Technology
Low Moderate By organizing market research plan
and introducing digital technology.
6 Ineffective site-
catering
High Low By employing the experienced and
careful staff at catering sites.
7 Lack of
cooperation
High Low By ensuring collaborative
teamwork in the project.
8 Limited space Low High By arranging the resources and
assets properly at the premises.
9 Social issues High Low By conducting social welfare
programs and participating in CSR
activities.
10 Dissatisfaction
among
employees
High Low By providing them healthy, safe and
positive working environment.
(Hassan, Bakar and Bakar, 2022)
11 Limited parking
space
Low Low By constructing company's own
parking place in its premises.
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12 Financial issues Low Low By preparing a standard budget and
allocating suitable funds for assets
as well as day to day operations.
13 Conflicts while
executing group
projects
High Low By providing them an effective
team leader for adressing team
issues and avoiding conflicts.
14 Low self-esteem
of employees
Moderate Low By creating employee well being
and good employment relations.
15 Political Impact Low Low By adhering to government policies
and following applicable laws.
TASK 6
Particulars Quality
expectation
Acceptance criteria Quality specification Controlling techniques
Promotion i.e.
advertising
Best Increment in visitors by
25%
Innovative technology
and digital marketing
By training and development
Application of
methods
Best 15 % increase in
productivity
Waterfall and SCRUM Adhering to the principles of
methodology
Evaluation of
risks
Best 70% business issues have
been solved
Risk register Risks reducing techniques by
proper assessment
Assessment of
performance
Best 7% increment in turnover WBS and Gantt chart Tools for performance
appraisal(Roh and et. al., 2022)
CONCLUSION
From the above report it is concluded that project management is related to different
activities such as planning, organising, directing, and controlling so that company can increase
its profitability and productivity. To complete a project there is need to use WBS that can help
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to split larger function in smaller task. This can help to increase business activities and
performance effectively.
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REFERENCES
Books and Journals
Chen, S. and Xu, H., 2022. Meta-heuristic algorithm-based human resource information
management system design and development for industrial revolution 5.0. Soft Computing, pp.1-
13.
Edwards, J.S., 2022. Where knowledge management and information management meet:
Research directions. International Journal of Information Management, 63, p.102458.
Gawusu, S., and et. al., 2022. The dynamics of green supply chain management within the
framework of renewable energy. International Journal of Energy Research, 46(2). pp.684-711.
Hassan, R., Bakar, N.M.A. and Bakar, N.H.A.A., 2022. A Review on Governance and Best
Practices in Waqf Management for Sustainable Development in Selected Malaysian States and
Other Countries. In Towards a Post-Covid Global Financial System. Emerald Publishing
Limited.
Kumah, P., 2022. The role of human resource management in enhancing organizational
information systems security. In Research Anthology on Human Resource Practices for the
Modern Workforce (pp. 1251-1277). IGI Global.
Liu, W., Long, S. and Wei, S., 2022. Correlation mechanism between smart technology and
smart supply chain innovation performance: A multi-case study from China's companies with
Physical Internet. International Journal of Production Economics, 245, p.108394.
Roh, H.Y., and et. al., 2022. Designing a quality scorecard (QSC) for system integration in the
era of Industry 4.0. International Journal of Quality and Service Sciences.
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