Repairing of Storage Tanks at Western Australia Site - Project Management

Running Head: PROJECT MANAGEMENT
Repairing of Storage Tanks at Western Australia Site
Name of the Student
Name of the University

1PROJECT MANAGEMENT
Table of Contents
1.0 Introduction................................................................................................................................2
2.0 Project Budget Estimation.........................................................................................................2
2.1 Overall Budget Estimation....................................................................................................2
2.2 Assumptions..........................................................................................................................7
3.0 Project Schedule........................................................................................................................8
3.1 Schedule.................................................................................................................................8
3.2 Tools and Techniques Used.................................................................................................13
3.3 Comparison of Tools and Methodologies............................................................................14
4.0 Resource Estimation for Project..............................................................................................14
4.1 Resources Required.............................................................................................................14
4.2 Critical Path and Stress Points for Resources......................................................................15
4.3 Tools and Techniques Used.................................................................................................17
5.0 Conclusion...............................................................................................................................17
Bibliography..................................................................................................................................18

2PROJECT MANAGEMENT
1.0 Introduction
As per the requirements of the project, the three petrol tanks at the Western Australia site
have to be repaired and modified to reach the modern standards as well as stop affecting the
nearby environment negatively. In order to do this, the organization has proposed a new project
to be executed for the works on the tanks.
In this report, a basic plan for the project including budget, schedule and resources has
been developed with the most accurate estimations.
2.0 Project Budget Estimation
2.1 Overall Budget Estimation
Task Name Duration Cost
Repairing of Storage Tanks at
Western Australia Site
132 days $1,394,380.00
Project Survey and Initiation 22 days $95,600.00
Undertake Survey at the Site 3 days $8,400.00
Inspect Tank 1 2 days $5,600.00
Take Notes on Repair
Requirements
1 day $2,800.00
Inspect Tank 2 2 days $5,600.00

3PROJECT MANAGEMENT
Take Notes on Repair
Requirements
1 day $2,800.00
Inspect Tank 3 2 days $5,600.00
Take Notes on Repair
Requirements
1 day $2,800.00
Prepare Survey Report 3 days $3,600.00
Submit the Report for Analysis 1 day $1,200.00
Call Board Meeting 1 day $1,600.00
Discuss the Tank Issues 1 day $5,000.00
Discuss Other Issues Related to the
Tanks
1 day $5,000.00
Reach a Suitable Solution 1 day $5,000.00
Agree on a Project for Repair and
Upgrade of the Tanks
1 day $5,000.00
Analyze the Feasibility of the
Project
2 days $10,000.00
Analyze the Constraints of the 2 days $10,000.00