BM522 Project Management: TfL Bollo Lane Housing & G&S Event Plan

This report outlines a project management plan for Transport for London's (TfL) initiative to develop land along Bollo Lane into over 800 new homes in Acton, alongside staging an event celebrating the G&S Society's 40th anniversary. It covers methodologies like Waterfall and SCRUM, a network diagram for project scheduling, stakeholder analysis identifying key stakeholders and their influence, a work breakdown structure (WBS), and a risk analysis assessing potential project threats and mitigation strategies. The report concludes with quality acceptance criteria and controlling techniques to ensure project success, highlighting the importance of project management principles in achieving organizational goals.

Project management
Transport for London

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY ..................................................................................................................................1
TASK 1............................................................................................................................................1
Methodologies.............................................................................................................................1
TASK 2............................................................................................................................................3
Network diagram.........................................................................................................................3
TASK 3............................................................................................................................................5
Stakeholder analysis....................................................................................................................5
TASK 4............................................................................................................................................6
TASK 5............................................................................................................................................6
Risk Analysis..............................................................................................................................6
TASK 6............................................................................................................................................8
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
The project management is defined as the use of the specific skills and knowledge, too
and techniques so that the company can deliver value to its customers. The project management
is related to the development of the software so that the process of the business organisation can
be improved. There are few examples of project management such as expansion of sales into
new geographic market. It is very important for the organisation to understand the need of the
project and analyse the external environment in order construct the project for the growth and
success of the business organisation. The project management is an important concept for the
development of the businesses in constructing the different activities. In this report the project
which is of transport to London where the project is concerned with developing some of land
along Bollo Lane to create more than 800 new homes in Acton. (Aleksic, A., and et.al., 2017.).
This report will include various topics such as various methodology, network diagram, risk
analysis.
MAIN BODY
TASK 1
Methodologies
The project which is taken into consideration in this report is about building more than
800 homes in Action by TFL. This can help in developing the various business activities and the
the project plan is defined as the procedure of documenting and combination of activities which
can be used by the large number of individual. This is used for the main objective of
accomplishing the goals and objective of business enterprise. The main purpose of the project is
to construct a good structured homes and organise the event in a successful way so that the
company is able to create a good brand image. (Bierwolf, , 2017.)
There are several methodologies which are connected with project where it is about
managing the various activities with the use of software which supports to develop the
productivity of the business enterprise. In relation to chosen project, TFL has selected to use
different methodology such as:
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Waterfall –This is the defined as the method or tool which is taken into consideration by the
people in their projects such as manufacturing, engineering and construction which helps in the
completion of the project. There are three different stages of waterfall model which involves
requirement, design implementation, verification and at last maintenance. TFL takes the use of
the first stage which is of requirement of the various documents while constructing homes, a
software architecture is utilised to design the project and implement it. This can help the people
to manage the different functions in an effective and efficient way. The next stage is of
verification , where all the stages and the products and raw material are been checked properly in
order to manage the various functions. The last stage is of maintenance which is used to keep a
check over the performed task in an effective manner. This can be assist in increasing the
productivity of the employees within the organisation. The profitability can be increase by
following the each stage and the use of the software. (Fernandes, and et.al., 2020).
SCRUM – This is the another methodology of the project development and also in order to
develop software and deliver value to the customers. In the other words, Scrum is the project
methodology which is used to work in an collective after building team and managing the
various task. This is the model which is based on the three principles such as transparency,
inspection, and adaption that supports to complete project. It is been analysed that at the first
principal Transparency TFL can visualise inputs, outputs and steps of development process. The
inspection is the principle which states that it is used for receiving the regular feedback on a
particular product and the changes which is been adopted to bring change in relation to the
procedure of the project. This assist to develop the business case and maintain the performance
within the business enterprise. (Karanja, and Malone,2020).
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TASK 2
Network diagram
The diagram which is designed with the aid of the computer and the use of software in a
graphical form which is defined as the network diagram. It is an necessary for each individual
who is handling the project and it is important to decide the implementation of network diagram
by managing network documentation. In context of the current scenario , the network diagram is
designed with the proper project management while considering all the stages of the project
which is related to constructing homes and celebrating event.(Sanz-Llopis, and Ostermann,
2020). The network diagram for the scenario or the project is explained below:
.
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The form of network diagram is being prepared by following this:
Early Start Activity Number Early finish
Slack
time
ACTIVITY NAME
Late Start Duration Late Finish
In critical path it has been recognised that while doing the project subsequent activities
are given in brief which would take time in accomplishment. As per investigation highest time
taken activities is assumed that more than 1 week. According to this basis, highest possible time
taken activities are 1,2,4,5,9,10,21 and 22 which will take maximum time to complete the
project. Moreover, the project will complete in 116 days.
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TASK 3
Stakeholder analysis
The stakeholder analysis is explained as the statement and techniques which is taken int
consideration by the employees in order to know who are the main asset and stakeholder for the
organisation which need to be given preferences in order to build revenue. For the completion of
the project. It is defined as the process of collecting and analysing quantitative data while
constructing any project. This can help in developing the performance of the business
organisation. It is very important for the company to construct stakeholder analysis because it is
essential to know which stakeholder is necessary and need to be taken care so that the company
can increase its productivity and performance. (Sarkar,, Jha, and Patel, 2021).
 High power high interest – This is the category where the people who have high power
with high interest are involved. The stakeholder which have high power and high interest
in context of the project are the committees and governance where they are involved in
the project.
 High power low interest – In context of the current project the organizers and
participants are considered as the stakeholders with high power and low interest into the
project. This has power to bring changes in their plan but receive fixed amount or
remuneration.
 Low power high interest – In relation to the current project the investors in to the
project are categorise among the low power and high interest which need to be taken
care by the managers. .
 Low power low interest –The employees are consumers are been identified with the low
power and low Interest for the current scenario. The manager need t focus on offering the
good salary so that they can take initiate in order to work effe3ctively. (Siegel, 2020)
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TASK 4
Work break down structure – It is the tool which is used by the people in order to complete
multiple activities where the individual can divide the task in smaller parts. This can help in
developing business activities and performance in any work aspects. The project manager of TFL
is prepared a WBS by illumination their task.
TASK 5
Risk Analysis
No. Risk Effect Possibility Mitigation
1 Failure of power Low High By using the good quality of raw
material and machines the risk can
be managed.
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2 Changes in
weather
High Moderate By forecasting and analysing the
weather conditions can help in
reducing risk
3 Safety and
security
Low Moderate By regulating the safety measures
the risk can be managed.
4 Low human
resource
High High The selection of the talented human
resource can solve the problem
5 Technological
updates
Low Moderate The management need to introduce
new technology and bring changes
in the workplace.
6 Bad catering on
site
High Low To recruit skilled and experienced
employees in catering will
assistance to reduce risk.
7 Lack of
coordination
High Low Coordination and marketing
channel will be use by people while
doing any project that will
assistance to whole project.
8 Lack of space Low High The management of the capital and
proper management will help in
reducing risk.
9 Problems in
context to
society
High Low To considerate problem of society
and providing them right solution.
Moreover, participation in CSR
activity
10 Self-esteem High Low To provide good working
atmosphere, and getting their views
in doing work will help to reduce
risk.
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TASK 6
Particulars Quality
expectation
Acceptance criteria Quality specification Controlling techniques
Advertising Best Companions increase by
25%
Use of numerical
marketing and new
technology
Physical activity and
management
Methodology Best productivity will increase
by 15%.
SCRUM and Waterfall Following principles of
methodology
Risk
assessment
Best Solving business issues
up to 70%
Risk register Appropriate supervision of risk
Performance Best Increasing turnover by
7%.
WBS and Gantt chart Using recital analysis tool.
(Wren., 2018).
CONCLUSION
From the above report its is concluded that project management is all about directing,
organising, controlling the various activities within the business enterprise. It is very important to
analyse the risk in order to avoid any circumstances in the completion of the project. To
complete a project there is need to use WBS that can help to split larger function in smaller task.
This can help to increase business activities and performance effectively.
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REFERENCES
Books and Journals
Aleksic, A., and et.al., 2017. Project management issues: vulnerability management assessment.
Kybernetes.
Bierwolf, R., 2017. Towards project management 2030: why is change needed?. IEEE
Engineering Management Review, 45(1), pp.21-26.
Fernandes, G., and et.al., 2020. The roles of a Programme and Project Management Office to
support collaborative university–industry R&D. Total Quality Management & Business
Excellence, 31(5-6), pp.583-608.
Karanja, E. and Malone, L.C., 2020. Improving project management curriculum by aligning
course learning outcomes with Bloom’s taxonomy framework. Journal of International
Education in Business.
Sanz-Llopis, J. and Ostermann, M., 2020. Innovation in project management through framing
and challenge redefinition. International journal of managing projects in business.
Sarkar, D., Jha, K.N. and Patel, S., 2021. Critical chain project management for a highway
construction project with a focus on theory of constraints. International Journal of
Construction Management, 21(2), pp.194-207.
Siegel, N.G., 2020. Engineering Project Management. John Wiley & Sons.
Wren, A., 2018. The project management A–Z: A compendium of project management
techniques and how to use them. Rou
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