Project Management: Repairing the tanks of Western Australian Site

This case study discusses the project budget, schedule, and estimation of resources for repairing the tanks of Western Australian Site using agile methodology. It also compares agile and waterfall methodologies and provides a comparison between WBS and project schedule.

Running head: PROJECT MANAGEMENT
Case study- Repairing the tanks of Western Australian Site
Name of the Student
Name of the University
Author’s Note

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PROJECT MANAGEMENT
Table of Contents
1. Development of project budget..............................................................................................2
1.1 Project budget...................................................................................................................2
1.2 Assumptions made...........................................................................................................4
2. Project schedule.....................................................................................................................5
2.1 Preparation of project schedule with project deliverables and milestones......................5
2.2 Discussion about project merits of the tools, techniques and methods............................8
2.3 Comparison between tools, techniques and methodologies.............................................9
3. Estimation of resources..........................................................................................................9
3.1 Resources which are needed............................................................................................9
3.2 Integration of resource with project schedule................................................................10
3.3 Critical path....................................................................................................................14
3.4 Tools and techniques......................................................................................................15
Bibliography.............................................................................................................................16

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1. Development of project budget
1.1 Project budget
The project that repairs the tanks of the Western Australian site requires budget of
around $91,360.00 in order to finish the project effectively. The budget that is needed for
executing each of the tasks of the project are provided in detail in the table that is given
below:
WBS Task Name Duration Cost
0
Repairing the tanks of Western
Australian Site
82 days $91,360.00
1 Project kick off phase 13 days $5,480.00
1.1 Identifying issues and problems 3 days $720.00
1.2 Testing the feasibility 4 days $1,600.00
1.3 Making project charter 3 days $1,200.00
1.4 Hiring staffs 4 days $1,120.00
1.5
Reviewing the starting phase of
the project
3 days $840.00
1.6
Milestone 1: Completion of
kick off phase
0 days $0.00
2 Planning phase 21 days $16,160.00
2.1 Making plan for the project 5 days $2,000.00

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2.2
Making plan for the utilization
of resources
6 days $1,440.00
2.3
Developing the financial plan for
the project
8 days $2,560.00
2.4 Analyzing the quality 7 days $5,040.00
2.5
Developing risk management
plan
8 days $5,120.00
2.6
Milestone 2: Completion of
planning phase
0 days $0.00
3 execution phase 41 days $66,760.00
3.1 Creating agreement 14 days $5,040.00
3.2
Resolving external problems and
challenges
12 days $4,320.00
3.3 Development of project contract 13 days $4,680.00
3.4 Completion of predatory work 10 days $2,800.00
3.5
Developing strategies for
resolving leakage
14 days $5,040.00
3.6
Development of strategies for
resolving issues
12 days $3,360.00
3.7 Undertaking the project work 11 days $3,960.00

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PROJECT MANAGEMENT
3.8 Completion of project prepare 13 days $3,640.00
3.9
Adjustment of various project
activities
12 days $2,880.00
3.10 Repairing tank 13 days $9,360.00
3.11
Analysis of work which is
completed
15 days $10,800.00
3.12 Closing issues of the project 17 days $10,880.00
3.13
Milestone 3: Completion of
execution phase
0 days $0.00
4 Closure phase of the project 7 days $2,960.00
4.1 Reviewing the project 4 days $960.00
4.2 Completion of final reporting 3 days $1,200.00
4.3 Documentation 2 days $800.00
4.4
Milestone 4: Completion of the
project closure phase
0 days $0.00
1.2 Assumptions made
It is identified that number of assumptions are generally made in order to estimate the
budget of the project effectively. The assumptions that are made are listed below:

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PROJECT MANAGEMENT
No extension in time: It is assumed that the time of the project will not exceed and
thus the project will be completed within the provided deadline and therefore the budget of
the project will not extend.
No scope: The project manager makes assumption that there will be no scope creep
within the project and thus the project will be effectively completed within the time that is
expected and thus the project budget will not increase.
No need of additional resources: It is assumed that the extra resources for the
project will not be required and the project will be completed within the resources that is
provided before the initiation phase.
2. Project schedule
2.1 Preparation of project schedule with project deliverables and milestones
The project schedule with the milestones as well as deliverables are provided in the
table below:
WBS Task Name Duration Start Finish
0
Repairing the tanks of Western
Australian Site
82 days Thu 06-09-18 Fri 28-12-18
1 Project kick off phase 13 days Thu 06-09-18 Mon 24-09-18
1.1 Identifying issues and problems 3 days Thu 06-09-18 Mon 10-09-18
1.2 Testing the feasibility 4 days Tue 11-09-18 Fri 14-09-18
1.3 Making project charter 3 days
Mon 17-09-
18
Wed 19-09-18
1.4 Hiring staffs 4 days
Mon 17-09-
18
Thu 20-09-18

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1.5
Reviewing the starting phase of the
project
3 days Thu 20-09-18 Mon 24-09-18
1.6
Milestone 1: Completion of kick
off phase
0 days Thu 20-09-18 Thu 20-09-18
2 Planning phase 21 days Tue 25-09-18 Tue 23-10-18
2.1 Making plan for the project 5 days Tue 25-09-18 Mon 01-10-18
2.2
Making plan for the utilization of
resources
6 days Tue 02-10-18 Tue 09-10-18
2.3
Developing the financial plan for
the project
8 days Tue 02-10-18 Thu 11-10-18
2.4 Analyzing the quality 7 days
Wed 10-10-
18
Thu 18-10-18
2.5 Developing risk management plan 8 days Fri 12-10-18 Tue 23-10-18
2.6
Milestone 2: Completion of
planning phase
0 days Thu 11-10-18 Thu 11-10-18
3 execution phase 41 days
Wed 24-10-
18
Wed 19-12-18
3.1 Creating agreement 14 days
Wed 24-10-
18
Mon 12-11-18
3.2
Resolving external problems and
challenges
12 days
Wed 24-10-
18
Thu 08-11-18
3.3 Development of project contract 13 days Tue 13-11-18 Thu 29-11-18
3.4 Completion of preparatory work 10 days Tue 13-11-18 Mon 26-11-18
3.5 Developing strategies for resolving 14 days Fri 09-11-18 Wed 28-11-18

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PROJECT MANAGEMENT
leakage
3.6
Development of strategies for
resolving issues
12 days Fri 09-11-18 Mon 26-11-18
3.7 Undertaking the project work 11 days Fri 30-11-18 Fri 14-12-18
3.8 Completion of project prepare 13 days Fri 30-11-18 Tue 18-12-18
3.9
Adjustment of various project
activities
12 days Tue 27-11-18 Wed 12-12-18
3.10 Repairing tank 13 days Thu 29-11-18 Mon 17-12-18
3.11
Analysis of work which is
completed
15 days Tue 27-11-18 Mon 17-12-18
3.12 Closing issues of the project 17 days Tue 27-11-18 Wed 19-12-18
3.13
Milestone 3: Completion of
execution phase
0 days Fri 14-12-18 Fri 14-12-18
4 Closure phase of the project 7 days Thu 20-12-18 Fri 28-12-18
4.1 Reviewing the project 4 days Thu 20-12-18 Tue 25-12-18
4.2 Completion of final reporting 3 days
Wed 26-12-
18
Fri 28-12-18
4.3 Documentation 2 days
Wed 26-12-
18
Thu 27-12-18
4.4
Milestone 4: Completion of the
project closure phase
0 days Tue 25-12-18 Tue 25-12-18
2.2 Discussion about project merits of the tools, techniques and methods
Used methodology

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PROJECT MANAGEMENT
The project uses agile project methodology in the project in order to repair all the
tank of Western Australian site. This methodology is generally used as with the help of this
project methodology, all the activities of the project are broken for managing the activities as
well as tasks of the entire project. In addition to this, this methodology assists in minimizing
the project time.
Merits of tools and techniques
Scheduling technique is mainly used within the project and the advantages of the
using this technique is provided below:
Tracking: The time that is required for the project will be reflected with the project
schedule.
Cost: The cost that is required for the project is mainly reflected with the help of the
schedule of the project.
Provides proper idea: The schedule of the project provides proper details about the
activities of the project that needs to be executed effectively for accomplishing the project
activities.

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2.3 Comparison between tools, techniques and methodologies
Comparison between agile and waterfall methodology is given in the table below:
Agile methodology Waterfall methodology
It is found that agile project methodology is
used for management of time for finishing
the project on time.
Waterfall methodology does not assist in
time management but assists in mitigating
the challenges and risks of the project.
The agile project helps in making changes
within the project that is necessary.
This methodology helps in distributing the
tasks effectively for maintaining quality of
the project.
Proper comparison between WBS and schedule of the project is provided below:
Schedule Work breakdown structure
The schedule of the helps in tracking the
activities of the project.
WBS assists in breaking the entire project
into number of activities for managing the
project.
The project schedule helps in reflecting the
budget that is needed for the project.
It is found as proper groundwork for budget
development.
3. Estimation of resources
3.1 Resources which are needed
The needed resources are listed below:
Human resources: The project stakeholders are listed below:
 Contractor
 Supervisor
 Site planner

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PROJECT MANAGEMENT
 Project manager
 Project planner
Material resources: The material resources that are required include:
 Steel anchors
 Steel coatings
 Cranes
 Mobile resources scaffolding
 Stainless steel flow valve
Financial resources: The required budget for finishing the project of tank repair will
be around $91,360.
3.2 Integration of resource with project schedule
The schedule that is provided is generally integrated with project resources.
WBS Task Name Duration Start Finish Resource Names
0
Repairing the tanks of
Western Australian Site
82 days
Thu
06-09-
18
Fri 28-12-
18
1 Project kick off phase 13 days
Thu
06-09-
18
Mon 24-
09-18
1.1
identifying issues and
problems
3 days
Thu 06-
09-18
Mon 10-
09-18
Project planner
1.2 Testing the feasibility 4 days
Tue 11-
09-18
Fri 14-09-
18
Project manager

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PROJECT MANAGEMENT
1.3 Making project charter 3 days
Mon
17-09-
18
Wed 19-
09-18
Project manager
1.4 Hiring staffs 4 days
Mon
17-09-
18
Thu 20-
09-18
Site planner
1.5
Reviewing the starting
phase of the project
3 days
Thu 20-
09-18
Mon 24-
09-18
Site planner
1.6
Milestone 1:
Completion of kick off
phase
0 days
Thu 20-
09-18
Thu 20-
09-18
2 Planning phase 21 days
Tue 25-
09-18
Tue 23-
10-18
2.1
Making plan for the
project
5 days
Tue 25-
09-18
Mon 01-
10-18
Project manager
2.2
Making plan for the
utilization of resources
6 days
Tue 02-
10-18
Tue 09-10-
18
Project planner
2.3
Developing the financial
plan for the project
8 days
Tue 02-
10-18
Thu 11-
10-18
Business analyst
2.4 Analyzing the quality 7 days
Wed
10-10-
18
Thu 18-
10-18
Project manager,
Business analyst
2.5
Developing risk
management plan
8 days
Fri 12-
10-18
Tue 23-10-
18
Project manager,
Project planner

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PROJECT MANAGEMENT
2.6
Milestone 2:
Completion of planning
phase
0 days
Thu 11-
10-18
Thu 11-
10-18
Project manager,
Project planner
3 execution phase 41 days
Wed
24-10-
18
Wed 19-
12-18
3.1 Creating agreement 14 days
Wed
24-10-
18
Mon 12-
11-18
Contractor
3.2
Resolving external
problems and challenges
12 days
Wed
24-10-
18
Thu 08-
11-18
Supervisor
3.3
Development of project
contract
13 days
Tue 13-
11-18
Thu 29-
11-18
Contractor
3.4
Completion of
preparatory work
10 days
Tue 13-
11-18
Mon 26-
11-18
Site planner
3.5
Developing strategies for
resolving leakage
14 days
Fri 09-
11-18
Wed 28-
11-18
Supervisor
3.6
Development of
strategies for resolving issues
12 days
Fri 09-
11-18
Mon 26-
11-18
Site planner
3.7
Undertaking the project
work
11 days
Fri 30-
11-18
Fri 14-12-
18
Contractor
3.8
Completion of project
prepare
13 days
Fri 30-
11-18
Tue 18-12-
18
Site planner

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PROJECT MANAGEMENT
3.9
Adjustment of various
project activities
12 days
Tue 27-
11-18
Wed 12-
12-18
Project planner
3.10 Repairing tank 13 days
Thu 29-
11-18
Mon 17-
12-18
Contractor, Supervisor
3.11
Analysis of work which
is completed
15 days
Tue 27-
11-18
Mon 17-
12-18
Contractor, Supervisor
3.12
Closing issues of the
project
17 days
Tue 27-
11-18
Wed 19-
12-18
Contractor, Site planner
3.13
Milestone 3:
Completion of execution
phase
0 days
Fri 14-
12-18
Fri 14-12-
18
4
Closure phase of the
project
7 days
Thu
20-12-
18
Fri 28-12-
18
4.1 Reviewing the project 4 days
Thu 20-
12-18
Tue 25-12-
18
Project planner
4.2
Completion of final
reporting
3 days
Wed
26-12-
18
Fri 28-12-
18
Project manager
4.3 Documentation 2 days
Wed
26-12-
18
Thu 27-
12-18
Project manager

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PROJECT MANAGEMENT
4.4
Milestone 4:
Completion of the project
closure phase
0 days
Tue 25-
12-18
Tue 25-12-
18
Project planner
3.3 Critical path
Figure 1: Critical path
(Source: Created by Author)

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PROJECT MANAGEMENT
3.4 Tools and techniques
Analogous estimation tool is mainly used for estimation of project resources that are
generally required for repairing the tank. This method is used for estimating the resources of
the project and this method of resource estimation is helpful in minimizing the cost of the
resources. In spite of the benefits that this technique provides, it is found that this technique
does not provides accurate results of the project.

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PROJECT MANAGEMENT
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