Project Management Transport for London Project Brief
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This paper discusses how to get started, how to create a network diagram, how to analyses stakeholders, how to create a work schedule, and how to assess risk for Transport for London project.
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BM522 Project Management
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INTRODUCTION Project management is the practice of delivering and managing functions that must be completed in order to run a firm. This is the application of certain skills, information, resources and procedures for a variety of purposes in order to increase organizational productivity. Initial project approaches include the use of software to improve corporate operations, construction projects, and humanitarian efforts, among others (Müller, Drouin and Sankaran, 2020). It is critical for any company to comprehend the venture by studying the environmental factors and to make attempts to introduce anything fresh that will aid in the expansion of commercial operations. Transport for London is the name of the plan, which includes creating some land along Bollo Lane in Acton to produce over 800 new dwellings. TFL will be financed during an event commemorating the G&S society's 50th anniversary. This paper discusses how to get started, how to create a network diagram, how to analyses stakeholders, how to create a work schedule, and how to assess risk. TASK 1 Methodology Various project approaches might be considered as extracts for the specified building project. TFL has been charged with building 800 dwellings in Acton while also taking into account the region's environmental targets. The methodologies provided assure that a venture company's things are running smoothly, allowing the industry to concentrate on meeting societal goals. The approaches listed below can be considered for the completion of the work(Kockum and Dacre, 2021). • Agile: The project approaches presented are designed to help the project business get the most out of its construction projects by utilizing them efficiently. In the case of the supplied venture, the project industry may benefit from the competence of the attempts being generated in the project owner, as well as enabling management consultants to meet the project's intended goals, by implementing agile methodology approaches(Dilly, Klochan and Bosslet, 2021). • Waterfall: Using the provided approach, effective project task division is made possible. Construction companies can use the supplied technique to build successful paths to the venture
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company's targeted aims and priorities. This strategy allows for a more sensible assignment of project tasks. TASK 2 Network Diagram It is a diagrammatic representation of the complete project that is made consists of a sequence of linked boxes and arrows that show the interrelationships between the project's operations. The following is a network diagram for Land along Bollo Lane:
The critical path is the longest series of actions that must be done in order to effectively implement the work, stretching from the beginning to the end. The blue and orange colour arrows in Figure 1 show actions in the event of Land along Bollo Lane. Furthermore, Figure 2 depicts the lowest time to accomplish the work, which is 1, 2, 4, 5, 9, 10, 21, and 22, with a theoretical minimum period of 1 + 14 + 7 + 7 + 2 + 84 + 1 + 10 days, or 116 days.
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TASK 3 Stakeholder Analysis Stakeholders are individuals or groups who have a strong interest in a company and are affected by its strategies or initiatives. The following is an assessment of internally and externally parties with an involvement in and authority over London's transport system(McLellan and et.al, 2021). Whenever creating or administering any programme or project, stakeholder analysis is a technique for gathering and analyzing qualitative data on the interests and capabilities of all relevant parties. Externally and internally stakeholders with marketing communications in relation to Land along Bollo Lane include the following: High power and high interest: Partners and sponsors interested in the Land along Bollo Lane event or project have a lot of influence as well as a lot of excitement. The communication plan that might be implemented in the project is to employ a variety of communications means to keep participants updated(Khahro and et.al, 2020). High power and low interest: Various agencies with high judgment ability but limited interest in event activities include viewers and customers. Low power and high interest: Attendees and administrators are both stakeholders in the event who have limited capacity to define decisions but a strong desire to complete duties in a
methodical manner. Using humor to communicate with internal customers is a communication method that may be used to have meaningful dialogues regarding project activities. Low power and low interest: Town hall members are significant stakeholders with little influence and little awareness in what is going on in Land along Bollo Lane(Alshehhi and Kasim, 2020). TASK 4 Work Break down structure A work breakdown system (WBS) is a project management tool for performing a cross, variable assignment. It's a method for breaking down large jobs into smaller portions so that they may be completed more efficiently and quickly. A work breakdown structure's purpose is to make a difficult task more manageable. Dividing it down into tiny pieces see other employees to work on it at the same time, leading to improved teamwork and more efficient project administration. Work breakdown structure may be represented as a product with a hierarchical concentration on project breakdown(Sharma, 2020). The below is the work breakdown structure for Land along Bollo Lane:
TASK 5 Risk Analysis Risk analysis is a strategy for identifying and analyzing issues that might undermine an achievement of project objectives(Titov, Birukov and Vichodtseva, 2020). The following is a risk assessment for the TFL, which includes hazards and control methods: Sr. NoRiskImpactManagement teamMitigation strategy 1.Shortage of fundsHighFinance managerMaintainsomecashon handandborrowfunds from banks. 2.Resistanceof stakeholders HighHumanresource manager Alldataistransmitted, and rewards are used to
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motivate them. 3.Technology failureHighInformation technology manager Using data backups while alsosecuringmachines and passwords. 4.Lastminute cancellations HighMarketing managerMaking a database of all attendees,establishing appropriatecancellation rules, and filling spots to reduce absences. 5.Reputational riskHighOperational manager Checkingsocialmedia, fosteringgoodwill,and keepinganeyeoutfor disasters are all important tasks. 6.Supply chainHighOperational manager Developingrelationships withnumerousvendors andobtainingresources ahead of schedule. 7.Poorpromotionof event HighMarketing managerUsingdigitaltacticsto promote an event. 8.Cash mismanagementMediumFinance managerCreating a financial plan andprovidingsufficient financial resources across all departments 9.Unbeneficial investment decisions MediumFinance managerUsingapricing improvement method and evaluation
10.Incompetent talentMediumHuman resource manager Usingemploymentsites tofindmotivatedand skilledpeopleto accomplishproject responsibilities. 11.Changes in legislation for organizing event MediumProject managerDevelopingstrategic adjustments that are both smart and well-governed. 12.Lack of support from government MediumProject managerCommunicating development information andensuringthatall requirements are met. 13.Resistance from communities MediumProject managerFollowingcorporate socialresponsibility guidelines and integrating communitiesinthe project's implementation. 14.Unclarity about rolesLowProject managerCreatingareportthat includesdetailsabout eachteam'stasksand functions,andalso personnelinvolvedin development. 15.Injuries to personnelLowHuman resource manager Everysquadwillbe given protective clothing and the first kits. 16.Strategic riskLowProject managerPutting the profit margins intoactioninorderto
better manage plans. 17.Improper guidance about tasks LowProject managerCreatingtimetables,a networkdiagram,and determiningthecritical route. 18.Insufficiency of resources LowProject managerOrganizingresources, suchastechnology, equipment, and facilities, aheadoftimeandin quantity. 19.Unhygienic at location LowProject managerCreatingacleaning regimen,stocking hygiene products, hosting hybridactivities,and putting in place a waste management plan are all thingsthatneedtobe done. 20.Improper use of resources LowProject managerOfferingcontinually worktoprojectteam members and supporting the most maximum use of existing capabilities. TASK 6 Quality Control Quality expectation - Expected level of initial planning and risk evaluation, such as remaining under time and within budget for the event(Mas, Mesquida and Colomo-Palacio, 2020).
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Acceptance criterion - In order to achieve quality expectations, certain requirements must be observed. Action plans such as buildings and resources, for instance, must be outlined in order to ensure maximum electricity usage. Quality specification: Management standards are appropriate quality requirements like sufficient speed and pattern, entertainment design standards, or consumer production standards. Control measures - Managers must compare project outcomes to the policy to ensure that no variations happen, and if variations do happen, quick administrative action is required to prevent the project's preparedness from being jeopardized(Drăgan, Vasilache and Schin, 2020). CONCLUSION According to the data provided in the report, project management aids in the refinement of goals and also the description of project goals. Groups can use a network diagram to illustrate actions for completing a project inside a set time frame. Project management methodology refers to the techniques for directing collaboration in order to achieve project needs and goals deadlines.
REFERENCES Books and Journal Müller,R.,Drouin,N.andSankaran,S.,2020.Governanceoforganizationalproject management and megaprojects using the viable project governance model.Handbook of Systems Sciences, pp.1-27. Dilly, C. K., Klochan, K. A. and Bosslet, G., 2021. Project management tools for healthcare education.The Clinical Teacher.18(2). pp.109-114. McLellan, J. and et.al, 2021. Developing Innovative Integrated Business Solutions Using a Scrum Project Management Methodology.Businesses.1(2). pp.91-101. Khahro,S.H.andet.al,2020.PostPandemicProjectManagementKeySkillsand Challenges.Talent Development & Excellence.12. Sharma,M.K.,2020.MonteCarloSimulationApplicationsforConstructionProject Management.International Journal of Civil Engineering and Technology.11(2). Mas, A., Mesquida, A. L. and Colomo-Palacio, R., 2020. Enhancing the Student Perception on SoftwareProjectManagementinComputerScience.IEEETransactionson Education.64(1). pp.1-11. Drăgan, G. B., Vasilache, R. O. and Schin, G. C., 2020. Exploring eco-label industry actors’ perceptions on the capabilities of a forthcoming multiple project management software– An fsQCA approach.Journal of Business Research.115. pp.281-288. Titov,S.,Birukov,A.andVichodtseva,E.,2020.OrganizationalCultureandProject ManagementinIndiaandRussiaintheContextofBinationalProjects.TEM Journal.9(2). p.601. Alshehhi, A. and Kasim, R., 2020. A Relationship of Project Management Process Factors with SMEs Performance.International Journal of Sustainable Construction Engineering and Technology.11(2). pp.212-218. Kockum, F. and Dacre, N., 2021. Project Management Volume, Velocity, Variety: A Big Data Dynamics Approach.Advanced Project Management.21(1). Lopres, R. D. O. A., El Massiou, F. and Bahli, B., 2021. The compelled circumstantial trust in project management environment: validation of the scale model.The Journal of Modern Project Management.8(3).