Report on Project Cycle Management

Project Management

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1 Project Cycle Management ..............................................................................................1
1.2 Failures and success of the proposed project...................................................................6
1.3 Resource management......................................................................................................6
1.4 Closure stages of project..................................................................................................7
TASK 2............................................................................................................................................8
2.1 Organisational structure....................................................................................................8
2.2 Coordination and controlling techniques used in project.................................................9
2.3 Leadership skills and qualities of project manager........................................................10
2.4 Human resource in project management........................................................................11
TASK 3..........................................................................................................................................11
3.1 Project Management Plan...............................................................................................11
3.2 Project controlling techniques........................................................................................16
3.3 Project performance analysis techniques........................................................................17
3.4 Change control procedure for project evaluation...........................................................17
CONCLUSION..............................................................................................................................17
REFERENCES..............................................................................................................................19

Index of Tables
Table 1: Project Cycle Plan..............................................................................................................2
Table 2: Project Charter...................................................................................................................5
Table 3: NPV calculations...............................................................................................................6
Table 4: Responsibility Assignment Matrix....................................................................................9
Table 5: Project management Plan................................................................................................12
Table 6: Budget Plan......................................................................................................................14
Table 7: Stakeholder Mapping.......................................................................................................16
Illustration Index
Illustration 1: Project Cycle Management ......................................................................................1
Illustration 2: Gantt Chart..............................................................................................................13
Illustration 3: Network Diagram....................................................................................................13
Illustration 4: Work Breakdown Structure.....................................................................................14
Illustration 5: Budget Plan.............................................................................................................15
Illustration 6: Stakeholder Analysis...............................................................................................16

INTRODUCTION
Project management is the discipline of initiating, planning, executing, controlling, and
closing the work of a team to achieve specific goals and meet specific success criteria at the
specified time (Walker, 2015). In this context, the following report will demonstrate the activities
that occur in the project. Sraymax London Builder Limited is the company that specialises in a
professional construction project which has been working in the construction project for 8 years.
The company has taken a project of transforming an industrial building into a college building
for London School of Science and Technology. In this context, the report will show the project
management cycle plan which includes project initiation, planning, execution and monitoring of
project. The resource management plan will be produced that shows the types of resources that
will be required for construction. In addition to this, the organisational structure that shows the
key responsibilities of the stakeholders related to the project will be analysed in this report.
Eventually, a detailed project management plan will be prepared that will show the activities
related with project along with the time line.
TASK 1
1.1 Project Cycle Management
1
Illustration 1: Project Cycle Management
(Source: Project Management, 2017)

Project cycle management is the process of project which helps in identifying the
activities that will be conducted in the project. There are five phases of project which are
initiation, planning, execution, monitoring and closure. These phases help in determining the
project scope and activities that are going to be conducted in the project (Kerzner and Kerzner,
2017). In this context, the project cycle management plan for the current project of transforming
an industrial building into college building for LSST by Sraymax builders is described below:
Table 1: Project Cycle Plan
Aspect Requirement
Initiation  This is the very first step of the project
management plan (Grover and Froese,
2016). Here, the project manager
prepares project charter that helps in
defining the vision, mission and
objectives of the current project. Project
charter describes the team members of
project, their roles and responsibilities,
project description and schedule.
 In initiation phase of the project, the
activities and schedule will be shown
by the project manager.
 Key stakeholders who are related with
the project will be described in project
initiation.
Planning  The planning phase of project is
important where the project
management plan has been developed
by the project manager.
 In the same way, the project
management plan shows the discussion
and analysis made between parties to
2

project and project manager. Risk
which is associated with the project will
be identified.
 Project manager will gather vital data
and information related with the project
which helps in accomplishing the set
goals and objectives of project (Brioso,
2015).
 The project manager will prepare the
work breakdown structure in this phase.
 The project manager of Sraymax will
describe the series of activities in order
to reduce any risks and uncertainties.
Execution
 This is the third stage or phase in
project management cycle where the
project manager will execute the
project. The quality assurance check
will be performed by the project
manager in order to ensure the quality
of project and resources.
Monitoring and Controlling
 This is the fourth phase of project
where, the project manager will
monitor and control the construction
project effectively and efficiently.
 Integrated change control will be
performed by project manager (Sears
and et.al., 2015).
 After that validation of project,
controlling will be done.
 This is the last phase of project where
3