This report covers initiation, development of network diagram, stakeholder analysis, WBS, and risk analysis that helps to increase productivity for Transport for London project.
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INTRODUCTION Project management is the activity of delivery of functions which requires to be done and manage the business performance. This is the use of specific skills, knowledge, tools and techniques that used for different purpose and develop organizational productivity. The practices of project development are using software for improving business processes, construction of building, reliefs efforts, and others. For each industry it is important to understand the project by analysing environment and make efforts to bring something new that could help to increase business activities (Diop, Scheren and Niang, 2021). The name of project is Transport for London where project is about developing some of land along Bollo Lane to create more than 800 new homes in Acton. An event is also conducted for anniversary of G&S society where TFL if going to be funded. This report covers initiation, development of network diagram, stakeholder analysis, WBS, and risk analysis that helps to increase productivity. TASK 1 Methodologies The current project is about to build more than 800 homes in Acton by TFL that could help to develop the business activities and performance. A project plan is the process of documenting and combination of activities that used by number of people for the purpose of accomplishing their business goals (Pievatolo, 2020). The main object of project is to build homes of good structure and organise event successfully that will help to improve the brand image. Several methodology is connected with project management where it is managing by using a software that supports to develop the organizational productivity. In relation to chosen project, TFL has selected to use different methodology such as: Waterfall– This can be explained as methodology and framework that used by people in their projects such as engineering, manufacturing, and construction that provides benefits of project completion. The stages of waterfall model involve requirement, design implementation, verification, and maintenance. TFL uses requirement stage to analysis product requirement document while constructing homes, software architecture is used to design the project and implement it accordingly that can help to manage each function. In verifications stages, all stages, products and raw material while constructing homes should be check properly and manage each functions. The ending stage is maintenance that used maintaining each project and 1
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activities effectively. This can help to develop the organizational productivity and profitability by following each stage and software (Gould, 2020). SCRUM –This termed to as project development methodology that used in developing the software and deliver value to customer while doing any project. In other words, Scrum is a project methodology that used to work collectively after building a team and managing their work. This is based on three principles such as transparency, inspection, and adaption that supports to complete project. In Transparency stage, TFL can visualise inputs, outputs and steps of development process. The inspection is used to receiving the feedback on specific product and adaption that used to bring changes in relation to their procedure of project. This helps to develop the business case and maintain higher performance (Greenbaum and Kyng, 2020). TASK 2 Network diagram A diagram which is designed with the help of computer and software in the form for graphical representation is known as network diagram. This is important for each individual who handling project is to decide project and prepare the network diagram by managing network documentation.Comingtogivenscenario,anetworkdiagramisdesignedbyproject management by considering all stages or activities of project that related to constructing homes and celebrating event. The diagram for current project is shown below: 2
The form of network diagram is being prepared by following this: Early StartActivity NumberEarly finish Slack time ACTIVITY NAME Late StartDurationLate Finish 3
In critical path it has been identified that while doing the project following activities are given in brief that would 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. TASK 3 Stakeholder analysis Stakeholder Analysis defined as statement and technique that used by employer for knowing stakeholder and giving preference to complete the project. This is a process of gathering and analysing quantitative data while doing any project which can help to develop organizational performance. While beginning any organization and project it is important to conduct analysis thatstateswhichshareholderholdshighpowerandinterest.InrelationTFLproject,a stakeholder analysis is defined below: High power high interest –This showcase which shareholder holds high power and high interest so that regulations would be followed accordingly by explaining about project.Inrelationtocurrentproject,TownHallcommitteeandgovernmentis categorised in this matrix as it formulates rules and regulations to run project (Hoffman and Tadelis, 2021). 4
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High power low interest– In relation to current project organizers or participants is considered, as having high power and low interests to run project. This has power to bring changes in their plan but receive fixed amount or remuneration. Low power high interest– This practice of shareholder matrix involves those people who have high power and low interest that indulge in project. In relation to current project, investors considered in this category who gets information and make decisions. Low power low interest -In given scenario, employees and customers is divided in this category as they work for getting salary and filling their needs. If organization is unable to complete their project, then customers select other brand. TASK 4 Work break down structure –This is a framework which used by an individual as having multiple activities to do, where it helps to divide in to smaller areas. This could help to develop business activities and performance in any work aspects (Kabir and et.al., 2020). The project manager of TFL is prepared a WBS by explaining their task. TASK 5 Risk Analysis No.RiskEffectPossibilityMitigation 1Failure of powerLowHighThis risk could be mitigate by using 5
good quality of machines and raw materialthatwouldhelpto complete project. 2Changesin weather HighModerateBy estimating weather previously and formulating plans will help to reduce risk. 3Safetyand security LowModerateBy following the safety regulation, workplacesafetyanddata protection act risk can be reduce. 4Lowhuman resource HighHighSelecting best human resource and managing work effectively risk can becontrol(Kavanaghandet.al., 2020). 5Technological updates LowModerateThemanagementoforganization needs to conduct market research and introduce new technology to complete project. 6Bad catering on site HighLowTo recruit skilled and experienced peopleincateringwillhelpto reduce risk. 7Lackof coordination HighLowCoordinationandmarketing channel will be use by people while doing any project that will help to complete project. 8Lack of spaceLowHighProperarrangementand management of all resources and capital will help to reduce risk. 9Issues relation to society HighLowTounderstandingproblemof societyandprovidingthemright solution. Moreover, participation in CSR. 6
10Self-esteemHighLowToprovidegoodworking environment,andgettingtheir views in doing work will help to reduce risk. 11Lack of parking space LowLowTo constructing right parking place will help to overcome issues. 12Loss of financeLowLowTo decide the budget and allocate fund in to different activities. 13Project conflictsHighLowGettingrightsupervisionand guidance from superiorswill help toreduceconflicts(McSherry, Rykkje and Thornton, 2021). 14Low moraleModerateLowTounderstandemployee’sissues and providing them benefits helps to increase morale. 15Government influence LowLowByfollowinggovernment regulations and laws that will help to solve problems. 16Shortageof resources HighModerateTocollectinformationand resourcesfromrangeofplaces (Monaco and et.al., 2021). 17Employee safetyHighLowToprovidedisasterprevent training, and maintaining equality betweenstaffthatwillhelpto overcome risk. 18Act of GodLowHigh- 19Ineffectivetime management LowHighToprepareascheduleand implement activities accordingly. 20Market uncertainties HighLowTo analysing market and managing functions(Omayio,Sreedeviand Panda, 2021). 7
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TASK 6 ParticularsQuality expectation Acceptance criteriaQuality specificationControlling techniques AdvertisingBestVisitors increase by 25%Use of digital marketing and new technology Training and management MethodologyBestproductivity will increase by 15%. SCRUM and WaterfallFollowingprinciplesof methodology Risk assessment BestSolvingbusinessissues up to 70% Risk registerProper management of risk PerformanceBestIncreasingturnoverby 7%. WBS and Gantt chartUsingperformanceanalysis tool. CONCLUSION From the report it can be concluded that project management is related to planning, organising, directing and controlling the activities by analysing risk. To complete a project there is need to use WBS that can help to split larger function in smaller task. This can help to increase business activities and performance effectively. 8
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