This case study focuses on the project management of Time Inc. and includes a project charter, stakeholder register, and stakeholder management strategy.
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Running head: PROJECT MANAGEMENT Case Study-Time Inc. Name of the Student Name of the University Author’s Note
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1 PROJECT MANAGEMENT 1. Project charter 1.1 Detailed scope The scope of the project is mainly categorized into in-scope and out-scope. In-scope:The in-scope of the project are as follows: Capturing metrics including optimization of resources as well as cost of quality Purchasing time Sheet system Recommendation of best time sheet for the software centres Recruiting the project team of external as well as internal staff Out-scope:The out-scope of the project are as follows: Feasibility analysis is not done Proper information about the suppliers is not provided 1.2 Goal The main goal of the project is to identify the best time sheet for the software centres so that the committee can be able to understand the utility of time across project in different software centres. The interest of the committee generally lies in capturing the metrics including resource optimization, project management excellence as well as the cost of quality within an organization. 1.3 Objectives The objectives of the project are as follows: To identify the best time sheet for the software centres To understand the need of time in different projects across the software centres
2 PROJECT MANAGEMENT Tocapturemetricsincludingresourceoptimization,projectmanagement excellence as well as cost of quality 1.4 Work breakdown structure The work breakdown structure for the project is provided below: Figure 1: WBS (Source: Created by Author)
3 PROJECT MANAGEMENT 1.5 Task list The task list of the project is provided in the table below: WBSTask Name 0Time sheet System 1Initiation phase 1.1Development of business case 1.2Undertaking feasibility study 1.3Establishing project charter 1.4Appointing project team 1.5Milestone 1: Completion of initiation phase 2Planning phase 2.1Development of project plan 2.2Development of resource plan 2.3Development of financial plan 2.4Development of quality plan 2.5Development of risk management plan 2.6Development of communication plan. 2.7Milestone 2: Completion of planning phase 3Execution phase 3.1Hiring consultant for identifying suitable time sheet system 3.2Recruiting project team 3.3 Understanding software needs by working with PM Champions
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4 PROJECT MANAGEMENT 3.4Trial a short list of Time Sheet systems 3.5Gaining agreement with the stakeholders 3.6Negotiating within the vendor 3.7Training users and IT maintenance staff 3.8Transition the system 3.9 Implementation of the program of Project Management Excellence 3.10Milestone 3: Completion of Execution 4Closure project 4.1Post project review 4.2Stakeholder sign off 4.3Documentation 1.6 Duration with dependencies Task NameDurationStartFinishPredecessors Time sheet System240 days Fri 10-08- 18 Thu 11-07-19 Initiation phase30 days Fri 10-08- 18 Thu 20-09-18 Development of business case 6 days Fri 10-08- 18 Fri 17-08-18 Undertaking feasibility study 7 days Mon 20- 08-18 Tue 28-08-182 Establishing project8 daysWed 29-Fri 07-09-183
5 PROJECT MANAGEMENT charter08-18 Appointing project team 9 days Mon 10- 09-18 Thu 20-09-184 Milestone 1: Completion of initiation phase 0 days Thu 20- 09-18 Thu 20-09-185 Planning phase48 days Fri 21-09- 18 Tue 27-11-18 Development of project plan 8 days Fri 21-09- 18 Tue 02-10-185 Development of resource plan 7 days Wed 03- 10-18 Thu 11-10-188 Development of financial plan 9 days Fri 12-10- 18 Wed 24-10-189 Development of quality plan 9 days Thu 25- 10-18 Tue 06-11-1810 Development of risk management plan 7 days Wed 07- 11-18 Thu 15-11-1811 Development of communication plan. 8 days Fri 16-11- 18 Tue 27-11-1812 Milestone 2: Completion of planning phase 0 days Tue 27- 11-18 Tue 27-11-1813 Execution phase146 daysWed 28-Wed 19-06-19
6 PROJECT MANAGEMENT 11-18 Hiring consultant for identifying suitable time sheet system 10 days Wed 28- 11-18 Tue 11-12-1813 Recruiting project team 14 days Wed 12- 12-18 Mon 31-12-1816 Understanding software needs by working with PM Champions 16 days Tue 01- 01-19 Tue 22-01-1917 Trial a short list of Time Sheet systems 17 days Wed 23- 01-19 Thu 14-02-1918 Gaining agreement with the stakeholders 20 days Fri 15-02- 19 Thu 14-03-1919 Negotiating within the vendor 18 days Fri 15-03- 19 Tue 09-04-1920 Training users and IT maintenance staff 18 days Wed 10- 04-19 Fri 03-05-1921 Transition the system17 days Mon 06- 05-19 Tue 28-05-1922 Implementation of the program of Project Management Excellence 16 days Wed 29- 05-19 Wed 19-06-1923 Milestone 3:0 daysWed 19-Wed 19-06-1924
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7 PROJECT MANAGEMENT Completion of Execution06-19 Closure project16 days Thu 20- 06-19 Thu 11-07-19 Post project review4 days Thu 20- 06-19 Tue 25-06-1924 Stakeholder sign off5 days Wed 26- 06-19 Tue 02-07-1927 Documentation7 days Wed 03- 07-19 Thu 11-07-1928 2. Stakeholder register Position / Role Organizatio n Internal / external ContactsSupports / Neutral / Resists Major Requirement Project manager Time Inc. Internal Manager@mail.comSupportsThe main requirement is to complete the project within the approved time and budget Project planner Time Inc.InternalPlanner@mail.comSupportsThe project must be planned properly Hr. manager Time Inc.InternalHr@mail.comNeutralExperienced staff should be recruited Financial manager Time Inc.InternalFmanager@mail.comNeutralAll finance related problems
8 PROJECT MANAGEMENT should be properly handled Quality analyst Time Inc.InternalQmanager@mail.comSupportsThe quality of the project must be managed. Contracto r Time Inc.Externa l Contractor@mail.comNeutralGaining agreement with the stakeholders Team members Time Inc.InternalMember12@mail.comResistsProper dedication towards the project IT manager Time Inc.InternalITmanager@mail.comSupportsImplementin g the time sheet TrainerTime Inc.InternalTrainer2mail.comNeutralProviding proper training to the staffs System analyst Time Inc.InternalSystemanalyst@mail.co mSupportsNegotiating with the vendors and assists in implementin g the time sheet Risk manager Time Inc.InternalRmanager@mail.comNeutralHelps in resolving issues and challenges
9 PROJECT MANAGEMENT 3. Stakeholder management strategy The chart that is provided below generally utilized for establishing the stakeholders and their level of influence and power within the project. KeyStakeholderPower (1-5)Interest (1-5) AProject manager55 BProject planner45 CHr. manager32 DFinancial manager23 EQuality analyst33 FContractor34 GTeam members04 HIT manager44 ITrainer22 JSystem analyst32
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10 PROJECT MANAGEMENT KRisk manager32 Figure 2: Stakeholder management strategy (Source: Created by Author)
11 PROJECT MANAGEMENT Bibliography Bucero, A. and Englund, R.L., 2015, October. Project sponsorship: Achieving management commitment for project success. Project Management Institute. Hornstein, H.A., 2015. The integration of project management and organizational change managementisnowanecessity.InternationalJournalofProjectManagement,33(2), pp.291-298. Joslin, R. and Müller, R., 2015. Relationships between a project management methodology and project success in different project governance contexts.International Journal of Project Management,33(6), pp.1377-1392. Kerzner,H.,2017.Projectmanagementmetrics,KPIs,anddashboards:aguideto measuring and monitoring project performance. John Wiley & Sons. Kucharska, W. and Kowalczyk, R., 2016. Trust, Collaborative Culture and Tacit Knowledge Sharing in Project Management–a Relationship Model. Marcelino-Sádaba, S., Pérez-Ezcurdia, A., Lazcano, A.M.E. and Villanueva, P., 2014. Project riskmanagementmethodologyforsmallfirms.Internationaljournalofproject management,32(2), pp.327-340. Martinelli,R.J.andMilosevic,D.Z.,2016.Projectmanagementtoolbox:toolsand techniques for the practicing project manager. John Wiley & Sons. Mir, F.A. and Pinnington, A.H., 2014. Exploring the value of project management: linking projectmanagementperformanceandprojectsuccess.Internationaljournalofproject management,32(2), pp.202-217