This case study explores the project management of Max Lionel Realty, including the project purpose, deliverables, stakeholders, resources, risks, interdependencies, and success criteria.
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Running head: PROJECT MANAGEMENT Max Lionel reality case study Name of the Student Name of the University Author’s Note
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1 PROJECT MANAGEMENT Table of Contents 1. Name of the project................................................................................................................2 2. Project purpose.......................................................................................................................2 3. Deliverables with timeframe..................................................................................................2 4. Stakeholders...........................................................................................................................4 5. Resources...............................................................................................................................4 6. Risks.......................................................................................................................................5 7. Interdependencies...................................................................................................................7 8. Success criteria.......................................................................................................................8 Bibliography...............................................................................................................................9
2 PROJECT MANAGEMENT 1. Name of the project The name of the project is to organize a program for the organization “Max Lionel Realty”. 2. Project purpose The main purpose of the project is to properly build proper customer goodwill and to satisfy the legal as well as ethical obligations which are mainly decided for implementing a program. This is done in order to effectively inform the agents of legal as well as ethical obligations and for promoting various standards of professional conduct which is mainly followed by the entire organization. In addition to this, the program will be helpful in informing tenants as well as clients for achieving the employee related buy-in initiative. 3. Deliverables with timeframe The various deliverables that are executed in the entire project are generally reflected with proper timeframe in the below table. WBSTask NameDurationStartFinish 0 Implementation of program by Max Lionel Realty 42 daysMon 26-08-19Tue 22-10-19 1Project initiation phase9 daysMon 26-08-19Thu 05-09-19 1.1Development of business case2 daysMon 26-08-19Tue 27-08-19 1.2 Analyzing the feasibility of the project 3 daysWed 28-08-19Fri 30-08-19 1.3Appointment of the project team4 daysMon 02-09-19Thu 05-09-19
3 PROJECT MANAGEMENT members 1.4 Milestone 1: Completion of initiation phase 0 daysThu 05-09-19Thu 05-09-19 2Planning phase of the project9 daysFri 06-09-19Wed 18-09-19 2.1Project plan development4 daysFri 06-09-19Wed 11-09-19 2.2Financial plan development3 daysThu 12-09-19Mon 16-09-19 2.3 Communication plan development 2 daysTue 17-09-19Wed 18-09-19 2.4 Milestone 2: Planning phase completion 0 daysWed 18-09-19Wed 18-09-19 3Project execution phase21 daysThu 19-09-19Thu 17-10-19 3.1 Development of posters for the staff 3 daysThu 19-09-19Mon 23-09-19 3.2 Development of videos for professional conduct 3 daysTue 24-09-19Thu 26-09-19 3.3Developing literatures2 daysFri 27-09-19Mon 30-09-19 3.4Webpage development3 daysTue 01-10-19Thu 03-10-19 3.5 Designing different social media approach 2 daysFri 04-10-19Mon 07-10-19 3.6Providing facility of training3 daysTue 08-10-19Thu 10-10-19 3.7Presentation to the employees1 dayFri 11-10-19Fri 11-10-19 3.8Survey for assessing employees2 daysMon 14-10-19Tue 15-10-19 3.9Ethical charter2 daysWed 16-10-19Thu 17-10-19 3.10Milestone 3: Completion of0 daysThu 17-10-19Thu 17-10-19
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4 PROJECT MANAGEMENT execution phase 4Closing phase3 daysFri 18-10-19Tue 22-10-19 4.1Sign off from stakeholders1 dayFri 18-10-19Fri 18-10-19 4.2Reviewing project2 daysMon 21-10-19Tue 22-10-19 5 Milestone 4: Completion of closure phase 0 daysTue 22-10-19Tue 22-10-19 4. Stakeholders The stakeholders who are involved with the entire program are mainly showcased in the below table: StakeholdersPowerInfluence Program managerHighHigh Project plannerHighHigh SponsorHighLow IT managerLowHigh Financial managerLowLow SupervisorLowHigh OrganizerLowHigh Quality assurance teamLowHigh 5. Resources The resources that are mainly required in order to arrange the program are mainly illustrated below:
5 PROJECT MANAGEMENT Human resources:The people who are engaged with the arrangement of the program for Max Lionel Realty are listed below: Program manager Project planner Sponsor IT manager Financial manager Supervisor Organizer Quality assurance team Software:The software which is required for organizing the program mainly includes MS office MS project Other software for managing the program Cash flow:It is identified that around $15,000 is mainly required for theorganizing a program that further builds proper customer goodwill and helps inn satisfying the ethical and legal obligations of the customers. Equipment:The other equipment which are mainly required for the project mainly include templates, computers as well as other telecommunication equipment’s. 6. Risks Risk IdRiskDescriptionImpactProbabilityMitigation 1ResourceIftheHighMediumThe
6 PROJECT MANAGEMENT limitationresources whichare needed are not availablethen anumberof issuescan occur that can furthercause delayinthe project. resources whichare needed shouldbe estimated beforestart workingon the project. 2DeadlinesSlippageof project schedulecan cause deadline miss and delay in accomplishing theproject goals. HighHighRegular trackingof theproject is helpful in resolving deadline related issues. 3Budget shortfall Improper estimationof budgetcan causea numberof financial HighHighBudget shortfall can beavoided by estimating thebudget
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7 PROJECT MANAGEMENT issues.forthe project properly. 4Improper technology Ifproper technologyis notusedfor managingthe projectthen thetherewill be issue. MediumMediumItisquite important to useproper technology for effective management ofthe project. 5.LegalIfthelegal rulesand regulations are nofollowed while organizingthe programthe progress of the project can be obstructed. HighLowItisquite important to follow legal rulesand regulations for executing theproject on time. 7. Interdependencies It is found that if the entire program is properly organized then it would be helpful in informing different legal as well as ethical obligations which are mainly utilized by the
8 PROJECT MANAGEMENT organizations and the legal obligations which are informed are totally different from other organizations. In addition to this, the organization uses proper system interface for organizing the program so that the objective of the program can be executed within the assumed budget. 8. Success criteria The various success criteria that help in reflecting the success of the entire project are elaborated below: Accomplishment of project within the assumed budget:If the project can be able to achieve the goals and objectives within $15,000 and within the assumed time then it can be ensured that the project which is undertaken is successful. Achieving objectives:If the entire project is helpful in informing the agents of legal as well as ethical obligations and can be able to promote various standards in professional conduct then the project can be considered to be successful.
9 PROJECT MANAGEMENT Bibliography Archibald, R.D. and Archibald, S., 2016.Leading and Managing Innovation: What Every Executive Team Must Know about Project, Program, and Portfolio Management. Auerbach Publications. Badewi, A., 2016. The impact of project management (PM) and benefits management (BM) practicesonprojectsuccess:Towardsdevelopingaprojectbenefitsgovernance framework.International Journal of Project Management,34(4), pp.761-778. Hornstein, H.A., 2015. The integration of project management and organizational change managementisnowanecessity.InternationalJournalofProjectManagement,33(2), pp.291-298. Kivilä, J., Martinsuo, M. and Vuorinen, L., 2017. Sustainable project management through projectcontrolininfrastructureprojects.InternationalJournalofProject Management,35(6), pp.1167-1183. Sánchez, M.A., 2015. Integrating sustainability issues into project management.Journal of Cleaner Production,96, pp.319-330. Svejvig, P. and Andersen, P., 2015. Rethinking project management: A structured literature reviewwithacriticallookatthebravenewworld.InternationalJournalofProject Management,33(2), pp.278-290. Todorović, M.L., Petrović, D.Č., Mihić, M.M., Obradović, V.L. and Bushuyev, S.D., 2015. Projectsuccessanalysisframework:Aknowledge-basedapproachinproject management.International Journal of Project Management,33(4), pp.772-783.