Managing Projects Answer 1 A project is defined as a set of activities or methods that are carried out to achieve a specific set of goals and objectives. It is a temporary venture that is carried out to achieve certain deliverables. The activities included under a project shall be completed in a determined timeframe and within the approved budget. There are different types of projects that are carried out. Construction projects are the ones in which a building or a specific unit is constructed, for example, construction of a shopping mall. Manufacturing projects are the ones in which a product is manufactured as the end- result of the project, for example, manufacturing of a garment. Management projects are the onesinwhichasetofservicesandprocessesaremanaged,forexample,customer relationship management projects. Answer 2 WorkBreakdownStructure(WBS)isatoolwhichisusedtoprovidehierarchical representation of the project tasks and activities. The project activities are represented in the form of packages and sub-packages in the WBS. For example, in a website development project, the primary package is the project which is divided in the sub-packages in the subsequent levels as planning, requirements analysis, design, development, testing, and deployment packages (Ren, Xue, and Wang, 2013). The specific activities under each of these packages are then represented in the next level. It is important to have such a structure because the project activities and the dependency among these activities are clarified with the aid of the WBS. The project flows also become clear with the development of WBS for a project. Answer 3 Project 1 Task NameDurationPredecessors Project 122 days a3 days b2 days2 2
Managing Projects Answer 4 The assessment and management of the risks in a project shall be done in a series of phases. The phases that must be used and implemented for risk management shall be identification of the risks in the first phase followed by risk analysis, evaluation of the risks, risk treatment, control, and closure of the risks. The risks are assessed using the determination of the risk probability and impact levels through qualitative and quantitative assessment. Answer 5 The risk response under project management is classified in mainly four types. The first is risk avoidance in which the risk is responded with the strategies so that it does not occur at all. The second is risk sharing in which the risk is shared with the other party, such as an internal or external stakeholder. The third is risk transfer in which the responsibility to manage and treat the risk is provided to another party. Fourth is risk mitigation in which the strategies are carried out to make sure that the probability of risk occurrence is minimized and eventually nullified (Selim, Hagag, and Yousef, 2018). Risk response is the method to ensure that suitable risk treatment is applied on the project. 5
Managing Projects Answer 6 There are several aspects of monitoring project quality. The first is quality planning. It is the phase in which there are quality plans developed so that the overall project quality can be managed. The roles and responsibilities to manage the project quality along with the tools to be used are determined in this phase. The Quality Manageristheprimaryresourceresponsibleforhandlingthequalityoftheproject (Milunovic and Filipovic, 2013). Quality assurance and control activities are used to monitor the quality using audits, reviews, and execution of a number of testing processes. The continuous improvement of the project quality is carried out using the results of the audit and review processes. Task 2 Executive Summary Communications Ltd. is the organization that has been assigned with the contract to supply, manage, and test the IT infrastructure and material for the Plaza City Towers hotel. The report includes the different managerial aspects for the execution of the project. Introduction PlazaCityTowersisanewfivestarhotelthatistobeconstructedinLondon. Communications Ltd. is the organization that has been assigned with the contract to supply, manage, and test the IT infrastructure and material for the hotel. There are several IT services and facilities that will be deployed at the hotel and the management of all of these will be done by the organization as Communications Ltd. The organization has served the small- scale clients in the past. However, this project will be the first large-scale project for the organization and therefore, it is essential that the project management is effectively carried out. Project Management Methodology The project management methodology that shall be followed in this case shall be Project ManagementBody ofKnowledge(PMBoK).Itisthemethodologythatwillprovide Communications Ltd with all the guidelines to handle the project processes. It will make sure that the initiation of the project is correctly done so that the project aims and objectives can 6
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Managing Projects be met as well. The methodology will have five broad phases as initiation, planning, execution, control, and closure (Brioso, 2015). The initiation processes will include the discussions and project proposal activities. There will be various plans that will be made in the planning phase followed by the execution of the processes in the third phase. The risk management, change handling, and quality management activities will be carried out in the fourth phase. The last will include the documentation processes and the reflection processes will also be conducted in this phase. Skills & Competencies of Project Manager Project Manager will be the main resource that will be responsible for managing the project tasks and activities. It will be necessary that the Project Manager has the skills to manage the project correctly. The manager shall have the communication and negotiation skills so that the terms and servicesarefinalizedwhicharerealisticandtherearenounrealisticdemandsand expectations set. Also, the organization will require funds for the project and the project manager skills to negotiate on the same will be useful for the project. The resource shall also have analytical skills to determine the various areas under the project management and to plan the project activities accordingly. There will be several risks associated with the project and it will be required by the Project Manager to analyse all the project aspects to handle these project knowledge areas. The resource shall also have leadership abilities and shall be able to motivate and control the members in the project team to keep them involved at all times (Abrantes and Figueiredo, 2014). Project Management Processes Project Scope Management There are numerous activities that will be carried out by the members of the project team. These activities will be completed in a set of phases as initiation, planning, execution, control, and closure (Nguyen and Chua, 2014). The details of the activities covered in the scope are included in the WBS below. Work Breakdown Structure WorkBreakdownStructure(WBS)isatoolwhichisusedtoprovidehierarchical representation of the project tasks and activities. The project activities are represented in the form of packages and sub-packages in the WBS. It is important to have such a structure 7
Managing Projects because the project activities and the dependency among these activities are clarified with the aid of the WBS. The project flows also become clear with the development of WBS for a project. The Work Breakdown Structure for this project is shown in the table below followed by the diagram. WBSTask Name 1Plaza City Towers Project 1.1Project Initiation 1.1.1MeetingwiththePlazaCityTowers Representative 1.1.2Analysis of the Business Case handed over 1.1.3Determination of the client demands 1.1.4Submission of proposal to senior management 1.1.5Milestone 1: Formal project proposal 1.2Project Planning 1.2.1Planning on the project management aspects 1.2.1.1Project scope 1.2.1.2Project estimations 1.2.1.3Resources & risks 1.2.1.4Quality & Communication 1.2.2Project requirements specification 1.2.3Documentation of project plan 1.2.4Milestone 2: Project Plan 1.3Project Execution 1.3.1Contractual processes with Plaza City Towers 1.3.2Internal Procurement Processes 1.3.3Supplying of the materials required as per the contract 1.3.4Installation and configuration processes 1.3.5Milestone 3: Material Supply 1.4Project Control 1.4.1Monitoring of the project quality 8
Managing Projects 1.4.2Risks and change handling 1.4.3Final installations and deployments 1.4.4Milestone 4: Project Control Processes 1.5Project Closure 1.5.1Documentation of the project activities 1.5.2Acceptance of deliverables 1.5.3Reflection and feedback 1.5.4Milestone 5: Project Closure Report Project Schedule Management WBSTask NameDurationStartFinishPredecessors 1Plaza City Towers Project119 daysMon17- 06-19 Thu28- 11-19 1.1Project Initiation16 daysMon17- 06-19 Mon08- 07-19 1.1.1Meeting with the Plaza City Towers Representative1 dayMon17- 06-19 Mon17- 06-19 1.1.2Analysis of the Business Case handed over6 daysTue18- 06-19 Tue 25-06- 193 9 Plaza City Towers Project Project Initiation Meeting with the Plaza City Towers Representative Analysis of the Business Case handed over Determination of the client demands Submission of proposal to senior management Milestone 1: Formal project proposal Project Planning Planning on the project management aspects Project scope Project estimations Resources & risks Quality & Communication Project requirements specification Documentation of project plan Milestone 2: Project Plan Project Execution Contractual processes with Plaza City Towers Internal Procurement Processes Supplying of the materials required as per the contract Installation and configuration processes Milestone 3: Material Supply Project Control Monitoring of the project quality Risks and change handling Final installations and deployments Milestone 4: Project Control Processes Project Closure Documentation of the project activities Acceptance of deliverables Reflection and feedback Milestone 5: Project Closure Report
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Managing Projects 1.3.4Installation and configuration processes8 daysTue01- 10-19 Thu 10-10- 1920 1.3.5Milestone 3: Material Supply0 daysThu10- 10-19 Thu 10-10- 1921 1.4Project Control15 daysFri 11-10- 19 Thu31- 10-19 1.4.1Monitoring of the project quality6 daysFri 11-10- 19 Fri18-10- 1922 1.4.2Risks and change handling6 daysMon21- 10-19 Mon28- 10-1924 1.4.3Finalinstallationsand deployments3 daysTue29- 10-19 Thu 31-10- 1925 1.4.4Milestone 4: Project Control Processes0 daysThu31- 10-19 Thu 31-10- 1926 1.5Project Closure20 daysFri 01-11- 19 Thu28- 11-19 1.5.1Documentation of the project activities8 daysFri 01-11- 19 Tue 12-11- 1927 1.5.2Acceptance of deliverables6 daysWed13- 11-19 Wed20- 11-1929 1.5.3Reflection and feedback6 daysThu21- 11-19 Thu 28-11- 1930 1.5.4Milestone 5: Project Closure Report0 daysThu28- 11-19 Thu 28-11- 1931 Project Resource Management There will be numerous resources need in the project. The resources involved in the project are specified below with their responsibilities and contribution in the project (Turner, R., Huemann and Keegan, 2012). Resource NameWork Project Manager376 hrs 11
Managing Projects Meeting with the Plaza City Towers Representative8 hrs Submission of proposal to senior management56 hrs Project scope40 hrs Resources & risks40 hrs Contractual processes with Plaza City Towers104 hrs Supplying of the materials required as per the contract32 hrs Acceptance of deliverables48 hrs Reflection and feedback48 hrs Procurement Analyst352 hrs Project requirements specification72 hrs Contractual processes with Plaza City Towers104 hrs Internal Procurement Processes96 hrs Supplying of the materials required as per the contract32 hrs Reflection and feedback48 hrs Quality Analyst280 hrs Project requirements specification72 hrs Installation and configuration processes64 hrs Monitoring of the project quality48 hrs Risks and change handling48 hrs Reflection and feedback48 hrs Technical Expert208 hrs Project requirements specification72 hrs Installation and configuration processes64 hrs Final installations and deployments24 hrs Reflection and feedback48 hrs Technical Associate184 hrs Installation and configuration processes64 hrs Risks and change handling48 hrs Final installations and deployments24 hrs 12
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Managing Projects Reflection and feedback48 hrs Project Leader344 hrs Analysis of the Business Case handed over48 hrs Determination of the client demands16 hrs Project estimations40 hrs Quality & Communication40 hrs Project requirements specification72 hrs Supplying of the materials required as per the contract32 hrs Acceptance of deliverables48 hrs Reflection and feedback48 hrs Technical Writer168 hrs Documentation of project plan56 hrs Documentation of the project activities64 hrs Reflection and feedback48 hrs Project Cost Management WBSTask NameDurationStartFinishPredecessorsCost 1PlazaCityTowers Project 119 days Mon 17- 06-19Thu 28-11-19$126,408.00 1.1Project Initiation16 daysMon 17- 06-19Mon 08-07-19$9,280.00 1.1.1 Meeting with the PlazaCityTowers Representative 1 dayMon 17- 06-19Mon 17-06-19$640.00 1.1.2 Analysis of the BusinessCase handedover (Sequeira and Lopes, 2015) 6 daysTue18- 06-19Tue 25-06-193$3,120.00 1.1.3Determination of the client demands2 daysWed 26- 06-19Thu 27-06-194$1,040.00 1.1.4Submission of7 daysFri28-Mon 08-07-195$4,480.00 13
Managing Projects Project Quality Management There are several aspects of monitoring project quality. The first is quality planning. It is the phase in which there are quality plans developed so that the overall project quality can be managed. The roles and responsibilities to manage the project quality along with the tools to be used are determined in this phase. The Quality Analyst is the primary resource responsible for handling the quality of the project in this case. Quality assurance and control activities are used to monitor the quality using audits, reviews, and execution of a number of testing processes. The continuous improvement of the project quality is carried out using the results of the audit and review processes. Project Risk Management The assessment and management of the risks in a project shall be done in a series of phases. The phases that must be used and implemented for risk management shall be identification of the risks in the first phase followed by risk analysis, evaluation of the risks, risk treatment, control, and closure of the risks. The risks are assessed using the determination of the risk probability and impact levels through qualitative and quantitative assessment. The risk response under project management is classified in mainly four types. The first is risk avoidance in which the risk is responded with the strategies so that it does not occur at all. The second is risk sharing in which the risk is shared with the other party, such as an internal or external stakeholder. The third is risk transfer in which the responsibility to manage and treat the risk is provided to another party. Fourth is risk mitigation in which the strategies are carried out to make sure that the probability of risk occurrence is minimized and eventually nullified (Hossain and Wu, 2009). Risk response is the method to ensure that suitable risk treatment is applied on the project. The risks associated with this project are included in the table below and these are mapped with the risk response strategies as well. RiskProbability (5 is highest) Impact(5is highest) ScoreResponse Technical Failures 3412Avoidance 16
Managing Projects Installation Issues 3412Sharing Schedule/ Budget Overrun 2510Avoidance& Mitigation Compatibility Errors 248Transfer Resourcing Issues 2510Avoidance Communication Gaps 4416Avoidance Scope Creep248Avoidance Quality Errors155Avoidance Conclusion The project will be managed using PMBoK as the project management methodology. There are several areas under project management that will be handled using the methodology and the project team will have the guidelines to ensure that there are no gaps in the process. 17
Managing Projects References Abrantes, R., & Figueiredo, J. (2014). Feature based process framework to manage scope in dynamic NPD portfolios.International Journal Of Project Management,32(5), 874-884. doi: 10.1016/j.ijproman.2013.10.014 Brioso,X.(2015).IntegratingISO21500GuidanceonProjectManagement,Lean ConstructionandPMBOK.ProcediaEngineering,123,76-84.doi: 10.1016/j.proeng.2015.10.060 Hossain,L.,&Wu,A.(2009).Communicationsnetworkcentralitycorrelatesto organisational coordination.International Journal Of Project Management,27(8), 795-811. doi: 10.1016/j.ijproman.2009.02.003 Milunovic, S., & Filipovic, J. (2013). Methodology for quality management of projects in manufacturing industries.Total Quality Management & Business Excellence,24(1-2), 91- 107. doi: 10.1080/14783363.2012.728851 Nguyen, Q., & Chua, D. (2014). Criticality of Schedule Constraints รขโฌโ Classification and Identification for Project Management.Journal Of Engineering, Project, And Production Management,4(1), 17-25. doi: 10.32738/jeppm.201401.0003 Ren, N., Xue, J., & Wang, Y. (2013). The Task Decoupling Study on Work Breakdown Structure of Complex Product.Applied Mechanics And Materials,411-414, 2486-2491. doi: 10.4028/www.scientific.net/amm.411-414.2486 Selim, A., Hagag, M., & Yousef, P. (2018). Risk allocation for infrastructure projects by PPPs - under environmental management and risk assessment mechanisms.International Journal Of Risk Assessment And Management,22(1), 89. doi: 10.1504/ijram.2018.10017043 Sequeira, S., & Lopes, E. (2015). Simple Method Proposal for Cost Estimation from Work BreakdownStructure.ProcediaComputerScience,64,537-544.doi: 10.1016/j.procs.2015.08.559 Turner, R., Huemann, M., & Keegan, A. (2012). Human resource management in the project- oriented organization: Employee well-being and ethical treatment.International Journal Of Project Management,26(5), 577-585. doi: 10.1016/j.ijproman.2008.05.005 18
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.