Project Management and Transportation - Transport for London
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This report includes methodologies, network diagram analysis of stakeholders, WBS and analyzing risks in order to improve the productivity for the business. The project is about creating a land along Bollo Lane with the purpose to make more than 800 new homes in Acton.
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Project Management and Transportation
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INTRODUCTION Project management refers to a process of leading the team work to accomplish goals of all projects within the certain constraints. In other words, it is all about particular skills, knowledge, techniques and tools to provide something of value to individuals. All projects are including temporary effort to generate value through unique result, service or a product. All projects have a budget, team, a set of expectations, and a schedule (Brewer and Dittman, 2018). Each and every project is differ and unique from regular operations, because project attain a summarization once the objective is achieved. For example, the software development for an enhanced process of business, the relief effort after a natural disaster, the construction of a building or expansion of sales into a new geographic location. The report is preparing on the project "Transport for London" (TFL). This project is all about creating a land along Bollo Lane with the purpose to make more than 800 new homes in Acton. TFL facilitates fund for an event plannedforthecelebrationof40thanniversaryofG&Ssociety.Thisreportincludes methodologies, network diagram analysis of stakeholders, WBS and analyzing risks in order to improve the productivity for the business. TASK 1 Methodologies TFL is all about creating more than 800 new homes in Acton. The aim of TFL is to undertake road projects to develop greener, safer and more attractive streets as well as an uncut bus network throughout London. A project plan includes a documentation of work, list of resources, work breakdown structure, a schedule for project as well as a risk plan. The scope consists the requirements of business and its problem, goals of project, deliverables as well as mainmilestones.Aprojectmanagementmethodologyisacombinationof practicesand principles that leads in organizing projects to make sure the maximum performance. There are different methodologies linked with project management. Some of them are as follows: Waterfall:This kind of methodology is a classical approach to a project management in which phases and tasks are completed in a sequential and linear manner and each step of the project must be done before next step begins. It includes stages such as requirements, analysis, design, construction, testing, deployment and maintenance. These stages progress in a single direction like an actual waterfall. The requirement stage is used by Transport for London to examine the requirements of product while making projects, software architecture is exploited in project designing as well as implement accordingly in order to handle each functions (Copola Azenha, Aparecida Reis and Leme Fleury, 2021). In the testing stage, raw materials and products are tested while making homes. The last stage is the development and maintenance which is used to maintain each project and tasks in an effective way. This will assist the company to generate profitability and productivity for the organization by following each and every step. Pros:ï‚·Testingismadeeasy:Scenariosfortestarealreadyexplainedinthefunctional specification of the requirement stage, which makes testing transparent and easier.
ï‚·Deal with issues in the design:Potential development issues can be found and handled in the stage of design and solutions can be planned. Cons:ï‚·Potentiallackofflexibility:Thismodelinvolvesflexibilityissuestoprovide developments and changes of needs which may happen after the initial consultation.ï‚·Longer delivery time:In case of TFL, projects may take a while in compare to other methodologies. Lean:This kind of methodology promotes increasing customer value and minimizing waste. Using this methodology, helps to generate more value for the customers by utilizing minimal resources. It recognizes three forms of waste mura, muda and muri. It is also known as 3Ms. Mura, is all about reducing variances in the process of workflow at an operational and scheduling level in order to flow everything evenly. Muda, is all about eliminating waste and explains to a process or activity that does not increase value. It can either be something that is waste of the resources or physical waste of time. In case of TFL, it can either be something that is a product to arrive or machine to finish. Muri, is all about get rid of extra work so that nothing can be done slowly. It explains the unnecessary stress put by business owners or managers on their workers due to unclear ways of working, organization or using in appropriate tools. Pros:ï‚·More focus:By breaking down the activities into small sections, team can be highly focused on their work.ï‚·Better motivation:When workers are able to focus on those work which are impactful and meaningful, rather than less value work, they have a great sense of motivation. Cons:ï‚·Lack of strategies:Most of the companies focuses on this methodology as they lose a sight of the big picture. ï‚·Lack of time:One need to take a deep thought on the existing workflow and team tasks, which could consist tracking progress over particular period of time. It is observed that Waterfall methodology is best suitable than lean methodologies as lean could support those companies which are not clear with their goals and paths. Waterfall is recommended to TFL for the new project development. TASK 2 Network diagram A network diagram can be defined as a visual representation of telecommunications or computer network. It represents the components that create a network and how they interact, consisting devices, routers, firewalls, hubs and many more (Delisle, 2019). It is an important tool for each member who are organizing project. The network diagram for the TFL is as follows:
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The network diagram is being organized by succeeding this- Early StartActivity NumberEarly finish Slack timeACTIVITY NAME Late StartDurationLate Finish
With the help of critical path, it is examined that how much time will be taken for the project completion. According to this evaluation, maximum time taken for the completion is more than oneweek.Accordingtothisdiagram,themaximumpossibletimetakenactivitiesare 1,2,4,5,9,10,21 and 22. Therefore, the current project will be done in 116 days. Gantt Chart: It is a useful tool in project management that assists all size of projects in their planning and scheduling, although they are helpful in simplifying complicated projects. In case of TFL, it will assist how existing project should take time, determining the required resources and an effective plan to complete the project.
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TASK 3 Stakeholder analysis Stakeholder analysis refers to a procedure of collecting and analyzing qualitative data in a systematic way in order to determine whose interests should be taken into consideration when creating and implementing a policy (Fewings and Henjewele, 2019). In case of TFL, it is important to conduct this analysis at the beginning of project to know which shareholder holds the high interest and power. ï‚·High power high interest:In case of TFL, Town hall committee is considered who holds high power and high interest. They develop rules and regulations to conduct the project. ï‚·High power low interest:For the current project, lenders and key advisors are considered who holds high power but low interest to conduct the project. They can bring changes in the project plan but get only certain amount of remuneration. ï‚·Low power high interest:In this analysis, analysts are considered for the current project who gets data and make decisions accordingly (Kerzner, 2018). ï‚·Low power low interest:Customers and employees are divided in this stage as they fulfilling their requirements and received salary respectively.
TASK 4 Work break-down structure (WBS) Work breakdown structure refers to a productivity technique to break the work into smaller tasks or activities to make the work more approachable and manageable. In case of TFL, the WBS is prepared by a project manager: Hierarchical organizational structure is a pyramid shaped structure of an organization which mainly used by TFL. In this structure, the chain of command flows from the upper level management ( TFL manager or CEO) to bottle level management (low-level or entry level staff members). Pros: ï‚·It facilitates each member with specialty.ï‚·It boosts motivation among each staff with clear directions and chances for promotion. Cons: ï‚·It makes lower level employees feel low as they could not able to express their ideas.
ï‚·It can slow down the changes and innovation. TASK 5 Risk Analysis In case of TFL, the risks have been analyzed with appropriate strategies: No.RiskEffectPossibilityMitigation
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1Failure of powerLowHighBy using good quality raw materials and machines, the risk could be mitigated. 2Safety and security LowModerateBy considering the data protection act, workplace safety as well as safety regulations, the risk could be lessened. 3Bad catering on site HighLowIn order to mitigate the risk, hiring experienced and skilled employees in catering will be very supportive. 4Changes in Moderate HighModerateThe risk could be diminished by formulating plans and estimating previous weather (Sanchez, Micaelli, Bonjour and Monticolo, 2019). 5Technological updates LowModerateIn order to complete the project effectively, it is essential to conduct market research and launch upgraded technology, 6Low Human Resources HighHighChoosing best employees and handling work in a best way, the risk could be controlled. 7Lack of spaceLowHighProper management and arrangement of all resources could help to mitigate the risk. 8Project conflictsHighLowGetting right guidance and supervision from leaders will support in mitigation the risk. 9Self-esteemHighLowTaking opinions from others and creating a good work culture will help to mitigate the risk. 10Issues associated to risks HighLowBy acknowledging the society’s issues and facilitating them with right solutions, also participating in CSR will also support in mitigate the risk. 11Lack ofHighLowBy improving coordination and
coordinationchannels of marketing could help in mitigate the risk. 12Lack of parkingLowLowBy constructing appropriate space for parking will help in reducing risk. 13Low MoraleModerateLowBy understanding workers’ issues and facilitating them with benefits can help in boost morale (Zwikael and Smyrk, 2019). 14Government influences LowLowBy abiding local laws and regulations of government could mitigate the risk. 15Act of GodLowHigh- 16Improper time management LowHighPrepare a schedule and then implement activities. 17Shortage of resources HighModerateTo collect resources and information from varieties of sources 18Market uncertainties HighLowUnderstanding market perspectives and managing functions. 19Employee safety HighLowBy facilitate disaster prevent training as well as maintain equality among staff members help in risk mitigation. 20Loss of financeLowLowPlan a budget and allocate resources accordingly. TASK 6 Partic ulars Quality expectation Acceptance criteriaQuality specificationControlling techniques Adver tising BestVisitors upsurge by 25%Use of new technology and digital marketing Trainingand management(Hasan
and et.al., 2019) Metho dolog y BestProductivity will rise by 15%. Waterfall and LeanFollowingprinciples of methodology Risk assess ment BestSolvingissuesof business up to 70% Risk registerPropermanagement of risk Perfor mance BestIncreasingturnoverby 7%. WBSUsingperformance analysis tool. The advertising of TFL can be improved with the use of latest and upgraded technologies which simultaneously can improve the performance of the project. Performance can be shown in the way of turnover of company. CONCLUSION It is concluded that project management involves planning, organizing, managing and controlling the task by risk analysis. WBS will help to break the tasks into smaller parts in order to complete the project in a best possible way. Therefore, it can assist in advancing the performance of business as well as its activities.
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REFERENCES Books and journals: Brewer, J. L. and Dittman, K. C., 2018.Methods of IT project management. Purdue University Press. Copola Azenha, F., Aparecida Reis, D. and Leme Fleury, A., 2021. The role and characteristics of hybrid approaches to project management in the development of technology-based products and services.Project Management Journal,52(1), pp.90-110. Delisle,J.,2019.Uncoveringtemporalunderpinningsofprojectmanagement standards.International journal of project management,37(8), pp.968-978. Fewings,P.andHenjewele,C.,2019.Constructionprojectmanagement:anintegrated approach. Routledge. Hasan, A., and et.al., 2019. Empirical study on implications of mobile ICT use for construction project management.Journal of Management in Engineering,35(6), p.04019029. Kerzner, H., 2018.Project management best practices: Achieving global excellence. John Wiley & Sons. Sanchez, F. and et.al., 2019. A Step for Improving the Transition Between Traditional Project Management to Agile Project Management Using a Project Management Maturity Model.The Journal of Modern Project Management,7(1). Zwikael, O. and Smyrk, J. R., 2019.Project Management: A Benefit Realisation Approach. Springer.