Project Report on Asset Management System for Airport Operations

This report details a project focused on implementing an asset management system within an airport environment. It begins by outlining the project's background, emphasizing the challenges faced by airports without such systems, including operational inefficiencies and increased costs. The purpose of the project is to maximize resource utilization and reduce downtime. The expected outcomes include efficient asset management, predictive maintenance, cost savings, and improved reliability. The agile project management methodology is adopted, and the report includes a detailed task list, work breakdown structure (WBS), and a Gantt chart to illustrate the project schedule. A comprehensive risk assessment, including a risk assessment matrix and identified risks related to schedule slippage and budget shortfalls, is provided. Finally, the report addresses ethical considerations relevant to the project.

Running head: PROJECT MANAGEMENT
Project- Asset Management System Airport
Name of the Student
Name of the University
Author’s Note

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Table of Contents
1. Project background......................................................................................................................2
2. Purpose of the project..................................................................................................................2
3. Expected project outcomes..........................................................................................................3
4. Methodology to be adopted and project schedule.......................................................................4
4.1 Task List................................................................................................................................5
4.2 Work breakdown Structure....................................................................................................7
4.2 Gantt chart.............................................................................................................................8
5. Risk assessment...........................................................................................................................9
5.1 Risk assessment matrix..........................................................................................................9
5.2 Identified risks.....................................................................................................................10
6. Ethics related to the project.......................................................................................................13
Bibliography..................................................................................................................................14

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1. Project background
The paper mainly reflects on the development of asset management system in airport. It
is found that earlier in the absence of asset management system, the airports face number of
issues and challenges in providing proper operating facility of equipment as well as clean
facility. In addition to this, they also face challenges due to high downtime of the users.
Moreover, the other problems like higher cost, legal liability, enhanced risks as well as problems
like difficult negotiation are considered to be challenging. In order to resolve this issue, it is quite
important to rely on key assets management system including maintenance as well as pavement
management system as well as ERP software for maximizing thee resources as well as reducing
the downtime of the users. Moreover, the utilization of assets management system helps in
tracking the maintenance cost by preventing as well as predicting asset failures by improving the
labour productivity.
2. Purpose of the project
The main purpose of using the asset management system in airport is to maximize the
resources by reducing the user’s downtime. It is found that with the help of asset management
system, the airports can be able to reduce the expenditure of cost by increasing productivity as
well as by minimizing the costs ownership across the life cycle for optimizing the utilization of
available budgets. It is found that both reliability as well as proper safety based improvements
with the utilization of data driven management assists in properly predicting as well as
preventing as opposed in order to find and fix. Moreover, increased insurance helps in proper
planning as well as decision making procedure for clear accountability, responsibility as well as
due to the capability of properly recovering from the disruption event. In addition to this, it also

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helps in improving the service of the customers by enhancing on time performance as well as
predictability of travel experience.
3. Expected project outcomes
The expected outcomes that are achieved after the implementation of assets management
system within airport is generally illustrated below:
Manage airport assets efficiently: It is found that asset management solutions generally
help in tailoring the airports that mainly includes analytics that further assists in providing proper
integrated approach in order to manage discrete as well as complex assets. This is generally
helpful in overcoming the issues and challenges that are rooted with the infrastructure for brining
unity to the disconnected system of the airport. In addition to this, it is found that asset
management help the airports in reducing the risk of disruption while providing proper improved
experience. Effective management as well as maintenance of the airport asses generally helps in
optimizing the use of operational efficiency for minimizing the expenses.
Predictive maintenance of the airport performance: Predictive maintenance solutions
generally has the ability of gathering as well as analyzing data about asset operations for moving
from corrective for preventive maintenance. This generally assists in minimizing the downtime
by improving the decision making as well as extension of life assets. The airport IT help desk as
well as ticketing procedure are generally managed successfully with the help of standalone
service management system which makes it quite difficult to determine the issue that was related
with hardware.
Cost saving: The asset management system helps in maintaining the infrastructure that
are considered to be sound as well as reliable condition that are generally helpful in reducing the

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lifecycle costs which further helps in reducing the operating as well as maintenance cost as well
as long term expenses. Thus, it is identified that proper utilization of asset management system
helps in minimizing the cost that is generally required for managing the operations of the airport.
Improved reliability: It is found that with the help of proper asset management system,
the unexpected failures within the airport are less likely that further helps in reducing the
emergency repairs, costly lawsuits as well as the relations that is maintained with the customers.
Thus, it is found that assessing the various risk implications of asset failure generally helps in
focusing on the various types of critical priorities that further helps in reducing the overall risk.
4. Methodology to be adopted and project schedule
Agile project management methodology is mainly utilized for implementing the assets
management system for the airport with proper project outcome and deliverable. It is quite
necessary for the methodology to properly focus on the project by investigating on the strategies
that is generally adopted for achieving the project objectives. It is found that agile project
management methodologies are mainly utilized as it generally helps in eliminating the chances
of the project failure by minimizing risks as well as helps in enhancing control on the project.
Moreover, agile development is mainly integrated during the cycle that reflects that regular
check-ups are generally done during the development procedure of the project. In addition to
this, it is identified that agile is considered as one of the iterative model that helps in benefiting
the product during the development procedure of the project.

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4.1 Task List
The table that is provided below reflects that assets management system in airport will be
implemented in 65 days. Moreover, the table also reflects on the time that is generally required
for executing each of the project activities.
WBS Task Name Duration Start Finish
0
Assets management system
in airport
65 days Thu 07-03-19 Wed 05-06-19
1 Initiation phase 9 days Thu 07-03-19 Tue 19-03-19
1.1
Business case
development
2 days Thu 07-03-19 Fri 08-03-19
1.2 Feasibility testing 3 days Mon 11-03-19 Wed 13-03-19
1.3
Project charter
development
2 days Thu 14-03-19 Fri 15-03-19
1.4 Recruiting team members 2 days Mon 18-03-19 Tue 19-03-19
1.5
Milestone 1: Completion
of initiation phase
0 days Tue 19-03-19 Tue 19-03-19
2 Planning phase 14 days Wed 20-03-19 Mon 08-04-19
2.1
Development of project
plan
3 days Wed 20-03-19 Fri 22-03-19
2.2
Resource plan
development
2 days Mon 25-03-19 Tue 26-03-19
2.3 Financial plan 2 days Wed 27-03-19 Thu 28-03-19

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development
2.4 Quality plan development 3 days Fri 29-03-19 Tue 02-04-19
2.5 Risk management plan 2 days Wed 03-04-19 Thu 04-04-19
2.6 Communication plan 2 days Fri 05-04-19 Mon 08-04-19
2.7
Milestone 2: Completion
of planning phase
0 days Mon 08-04-19 Mon 08-04-19
3 Execution phase 35 days Tue 09-04-19 Mon 27-05-19
3.1 Map your assets 4 days Tue 09-04-19 Fri 12-04-19
3.2 Selecting right ITAM tool 5 days Mon 15-04-19 Fri 19-04-19
3.3 Building your inventory 4 days Mon 22-04-19 Thu 25-04-19
3.4
Managing life cycle of
your assets
3 days Fri 26-04-19 Tue 30-04-19
3.5
Extending asset
management to other ITIL
processes
4 days Wed 01-05-19 Mon 06-05-19
3.6
Automating alerts and
notifications
4 days Tue 07-05-19 Fri 10-05-19
3.7
Reporting and sharing
asset data
3 days Mon 13-05-19 Wed 15-05-19
3.8 Keeping auditing ready 4 days Thu 16-05-19 Tue 21-05-19
3.9 Take ITAM beyond IT 4 days Wed 22-05-19 Mon 27-05-19
3.10 Milestone 3: Completion 0 days Mon 27-05-19 Mon 27-05-19

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of execution phase
4 Closure phase 7 days Tue 28-05-19 Wed 05-06-19
4.1 Post project review 3 days Tue 28-05-19 Thu 30-05-19
4.2 Documentation 2 days Fri 31-05-19 Mon 03-06-19
4.3 Stakeholder sign off 2 days Tue 04-06-19 Wed 05-06-19
4.4
Milestone 4: Completion
of closure phase
0 days Wed 05-06-19 Wed 05-06-19
4.2 Work breakdown Structure
A work breakdown structure is one of the deliverable oriented breakdown of the project
into number of smaller components. It is considered as one of the key of project deliverable that
helps in organizing the work o the team into number of manageable sections. The work
breakdown structure for the implementation of asset management system in airport is generally
reflected below:
Assest management
system in airport
Initiation phase
Business case
development
Feasibility testing
Project charter
development
Recruiting team
members
Milestone 1:
Completion of
initiation phase
Planning phase
Development of
project plan
Resource plan
development
Financial plan
development
Quality plan
development
Risk management
plan
Communication plan
Milestone 2:
Completion of
planning phase
Execution phase
Map your assests
Selecting right ITAM
tool
Building your
inventory
Managing life cycle
of your assets
Extending asset
management to other
ITIL processes
Automating alerts
and notifications
Reporting and
sharing asset data
Keeping auditing
ready
Take ITAM beyond IT
Milestone 3:
Completion of
execution phase
Closure phase
Post project review
Documentation
Stakeholder sign off
Milestone 4:
Completion of
closure phase
Figure 1: Work breakdown Structure
(Source: Created by Author)

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4.2 Gantt chart
Gantt chart is defined as one of the graphical representation of the project schedule that
further helps in properly planning, coordinating as well as tracking the schedule of the project
effectively. The Gantt chart for the assets management system implementation is generally
reflected below:
Figure 2: Gantt chart
(Source: Created by Author)

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5. Risk assessment
5.1 Risk assessment matrix
Risk assessment matrix is mainly utilized during the risk assessment procedure for
properly defining the level of risks by considering the entire category of probability as well as
likelihood against the various category that is mainly related with the consequence severity. This
is considered as one of the simple method for increasing risk visibility as well as for making
proper decisions. The risk assessment matrix is generally provided in the table below:
Consequences
Likelihood Catastrophic Major Moderate Minor Insignificant
Almost
certain
Budget
shortfall
Likely Schedule
slippage
Improper
management
Possible Improper
resource
management
Unlikely
Rare

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5.2 Identified risks
Schedule slippage
Hazards Asses risks Control
What could cause
harm?
What could go wrong? C L Leve
l
What
controls are
required?
Improper tracking while
project progress is
considered as one of the
major issue that can
cause delay as well as
slippage of project
schedule.
If the schedule of the project
is not managed properly
then it can cause delay
within the project which
further can cause
obstruction in project
completion.
M L High The project
planner is
mainly
responsible
of weekly
tracking the
project
schedule for
making sure
that the entire
project is on
track and it
gets
completed on
time.

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Budget shortfall
Hazards Asses risks Control
What could cause
harm?
What could go wrong? C L Leve
l
What
controls are
required?
If the project budget is
not managed on a regular
basis then the chances of
budget utilization
generally increases
which can cause budget
overflow.
It is found that the problem
of budget shortfall can cause
number of financial
challenges in finishing the
work of the project
effectively.
M AC High Proper track
on the project
budget is
generally
necessary for
completing
the entire
work of the
project
effectively
within the
assumed
budget.
Improper management
Hazards Asses risks Control
What could cause
harm?
What could go wrong? C L Level What
controls are