BBIS SBM3307 Project Development and Optimization Case Report Part B

This report details the project development and optimization process, focusing on a Water Pump project. It covers key aspects such as sensitivity analysis, stakeholder identification, and the importance of sustainability. The report outlines the different phases of project management, including initiation, definition, design, development, implementation, and follow-up. Project optimization is discussed as a means to enhance project success through continuous improvement and necessary modifications. The sensitivity analysis considers the financial aspects of the project, while stakeholder engagement is highlighted as crucial for successful implementation. The report concludes with recommendations for regular project reviews and the adoption of financial management tools for effective sensitivity analysis. Desklib provides access to similar solved assignments and past papers for students.

THE PROJECT
DEVELOPMENT AND
OPTIMISE THEIR CASE
REPORT BY
CONDUCTING A
SENSITIVE ANALYSIS
IDENTIFICATION
STAKEHOLDERS AND
THEIR NEEDS
UNDERSTANDING DU

Table of Contents
Project management and optimization with focus on sustainability............................................4
Conclusion, finding and recommendation ..................................................................................5
REFERENCES................................................................................................................................6

Project management and optimization with focus on sustainability
Project management is a systematic process that is adopted to manage and coordinate the
entire project. The role of project management framework is to support the professional for
managing the entire Water Pump project in the best way possible. In the regular business activity
companies and businesses need to launch multiple ideas and project that can support the venture
to improve the growth and development possibilities of the venture. Project management is a
technique that support the venture to launch the new ideas and implement plan that can provide
support to the venture for enhancing growth and development of the organisation (Li, Xu and
Wei, 2018). Project management is further align with the sensitivity analysis that further allow
the best use of organisation resources in process to execute the entire Water Pump Project in the
best way possible. The technique of project management consider all the different areas and
aspects that need to consider while managing the entire project. Sustainability of any project is
based on the fact that how efficiently the entire project is managed and delivered. The role of
project management tool is to coordinate all different activities and action involve in the project
which further demonstrate as the different stages of the project so that entire project can
coordinate and manage in the most effective manner possible. The role of project management
technique in sustaining the project for long time is massive.
The project management technique allow the organisation to deliver the whole project in
different stages. The Water Pump Project is categorises into stages like initiation phase,
definition phase, design phase, development phase, implementation phase and follow up phase.
All these are the different stages and phases part of the entire project management framework
that is used by the organisation. Sustainability of any project is highly based on how efficiently
the entire project is managed and implemented till the final stage of the project management
cycle (Ljaskovska and et.al., 2020). The sensitivity analysis further consider the financial aspect
of the project that will also play role in managing the whole project. Stakeholder register clearly
disclose all the key stakeholders that will involve in implementing the whole project efficiently.
Project optimisation is a practice that involve managed intentional changes and
continuous improvement in the Water Pump project. This is about to coordinate all the changes
that are required and necessary to deliver the project. This phase of project management allow
the stakeholder to enhance the success of the entire project is implemented. Optimization is an
important phase to the project management cycle that it allow the management to maximise the

success of the entire project by implementing the necessary changes to support the overall
growth and development of the project. Generally the project take time to coordinate and manage
till the final stage of the project management plan occur. Project optimization is conduct
regularly so that time to time modification can be done in the project to maximise the success
and growth of the entire plan. Sustainability of any project has a direct connection with the
optimization stage of the project management task.
It can state in general term that sustainability of any project is influenced with the project
management practice and the optimisation stage of the project. As the project management
provide the complete plan of executing the entire Water Pump Project along with thee
optimization support in conducting or introducing the necessary change to the project (Lotfi and
et.al., 2020). Both the practices allow the stakeholder to support the growth and development of
the whole project in the best way possible. Sustainability is highly depend upon the success
factor related to the project. Both the approaches allow the organisation to modify the success
indicator and factor along with introducing new factor that can contribute in the overall success
of an y project.
Conclusion, finding and recommendation
Project management is a practice that involve coordinating and managing the entire
Water Pump Project with use of different stages and approaches. The role of project management
is to support overall growth and development of the project. Sustainability of any project is
highly base on how efficiently the entire project has been managed and coordinated. Further, the
project optimization is a practice that involve making or introducing the necessary changes that
can allow better growth and development possibility in respect to any project that is started.
Sensitivity analysis consider the financial aspect and factor related to the project. This technique
cover all the financial aspect and factor that will build success to any project management plan.
 This is recommended that the organisation must hold the regular review policy to
approach the project optimization.
 Financial management tools like cost controlling, budgeting may adopt to practice
sensitivity analysis while managing project.

REFERENCES
Books and Journal
Li, H., Xu, Z. and Wei, W., 2018. Bi-objective scheduling optimization for discrete time/cost
trade-off in projects. Sustainability. 10(8). p.2802.
Ljaskovska, S. and et.al., 2020, August. Optimization of parameters of technological processes
means of the Flexsim simulation simulation program. In 2020 IEEE Third International
Conference on Data Stream Mining & Processing (DSMP) (pp. 391-397). IEEE.
Lotfi, R. and et.al., 2020. A robust time-cost-quality-energy-environment trade-off with
resource-constrained in project management: A case study for a bridge construction
project. Journal of Industrial & Management Optimization.