Bucks Student Union Music Festival Project: Management and Analysis

This project management assignment analyzes the Bucks Student Union Music Festival, focusing on the application of various project management methodologies, including Agile, Critical Path Method, and GTD. The report includes the development of a network diagram to visualize the project timeline and critical path. A comprehensive stakeholder analysis identifies key individuals and groups, evaluating their influence and interest in the project. Furthermore, the assignment conducts a detailed risk analysis, identifying potential threats such as miscommunication, funding shortages, and last-minute cancellations, along with mitigation strategies. The Work Breakdown Structure (WBS) outlines project activities. The conclusion highlights the importance of effective project management and stakeholder engagement for successful event execution. The report uses relevant academic sources to support its analysis.

Project management

Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Project management methodologies.......................................................................................3
TASK 2............................................................................................................................................4
Network diagram....................................................................................................................4
TASK 3............................................................................................................................................8
Stakeholders analysis and work breakdown structure............................................................8
WBS.......................................................................................................................................8
TASK 4............................................................................................................................................9
Risk analysis.........................................................................................................................10
CONCLUSION..............................................................................................................................13
REEFRENCES..............................................................................................................................14

INTRODUCTION
Project management is the process of designing, preparing, conducting and managing a
team's efforts to accomplish the objectives of achieving the particular target. The research is
therefore focused on the institution who aims to produce the music event, which is evaluated for
the crucial direction who allows meets the targets.
The report is prepared on an event that is Bucks Students’ Union Music Festival that is
organised by Buck’s Student Union in order to celebrate achievements of the Alumni. The report
includes comparison among three project management methodologies, development of network
diagram, undertaking stakeholder analysis and risk analysis for various risks that can affect the
project organised by students Union.
TASK 1
Project management methodologies
In the modern period, administrators of project are forward looking and implement
specific types of methodologies for running a project (Hornby, 2017). In the context of specific
music event following are the three methods from which on most benefited are implemented.
These are contrast and compared in meaningful way:
Project
management
methodologie
s
Agile Methodology Critical path method GTD Methodology
Meaning It is characterized as a
potential project
management approach that
includes customers in
innovation processes and
the use of kanban cards or
numerous boards as project
management
framework (Kerzner, and
Saladis, 2017).
This is define as
the blueprint that gives
guidance related that
when and how to
accomplish things and
describes how ventures
could overlap
if guidelines are not
followed.
The approach is
premised on the
concept of getting
scheduled jobs as well
as ventures out of the
minds by tracking
them publicly and
splitting through
viable work objects.

Benefits The principal benefit is that
it is versatile enough with
shifting priorities and
conditions. In fact, it also
encourages daily feedbacks
from interested parties.
This shows the
activities including the
chance of falling, which
help to make
meaningful
improvements and hold
programme on track.
This also significantly
manage whole project
period (Kerzner, 2019).
The technique profits
from prioritizing
projects, composing
them down and getting
with minimal effort on
them. It also can
handle different tasks
at a period.
Limitations The agile approach fails to
deliver correct project
layout. In addition to this,
the participation of
stakeholders in initiatives
generates confusions about
whose proposal can be used
and who should not.
There's more nuanced
use of the technique.
The other drawback is
that it does not require
any knowledge about
the materials, facilities
and procedures used in
the programme that
essentially undermines
the management of
projects.
The drawback of GTD
technique is that
project management is
not adapted as a
distinct approach
(Laufer, 2016). This
also takes an
enormous amount of
time to begin a project
because all details are
first specified, after
which spelled
phonetically,
so preparations are
decided to implement
is lengthy process.
TASK 2
Network diagram
In the context of Bucks Student's Union Music Festival the following network diagram is
being prepared:

Early Start Activity Number Early finish
Slack
time
ACTIVITY NAME
Late Start Duration Late Finish
Critical route is really the smallest period from start and finish of a given project including
certain activities along with durations giving a straightforward description of the project's real
timetable (Marchewka, 2016). The following are network diagrams related to music event

related Bucks Student that is seen in Figure 1 including orange arrows as well as blue arrows.
According to figure 2, the shortest possible time the operations require is 1, 2, 4, 5, 9, 10, 21 as
well as 22. The smallest possible period needed to complete all the tasks is 1 + 14 + 7 + 7 + 2 +
84 + 1 + 10 days = 116 days in all.
TASK 3
Stakeholders analysis and work breakdown structure
Stakeholder analysis
This is a resource that aims to define rates of involvement that contribute to increasing
stakeholder's forces in the program (Martinelli and Milosevic, 2016). In case Bucks Students
Union is organizing the Music Festival Function, the key players are sponsors, spectators, town
hall group, stakeholders and organizers. Below is an overview of the case by the stakeholders:
In order to fully understand the study of investors, it is necessary to take into consideration
two things that are amount of interest and degree of influences that have been with shareholders
whether they are external or internal stakeholders. The aggregation of interested parties
according to degree of influence and concern for the case is as described underneath:
High strength and strong interest: Shareholders are classified under this grouping. They
are usually institutional partners of strong influence and a keen involvement in the programs
undertaken at the Bucks Students 'Union meetings.
Low intensity and low interest: The people with which the function is being held are listed
here. There are mostly secondary actors, so it is studied that they have fewer forces to alter the
case operation and little involvement in what is occurring.
Higher energy and low interest: Town Hall Committee for Bucks Student's Union Music
Festival is listed in this classification. Such are known mainly as external stakeholders that have
low involvement in people's participation but large decision-making powers (Maylor, Blackmon
and Huemann, 2016).
Low control and strong interest: This categorization includes members and promoters.
There are internal shareholders who have low forces to develop and modify decisions. Such,
have a significant interest in prompt execution of decisions.
WBS
Activity description

Initial Hiring cast member and making order for costume.
Planning
Budget approval
Set designer hiring
Orchestra Hire, Development of marketing plan. Selection of
advertisement media
Implementation
Hire product and publicity crew
Advertising to hire crew and cast
Design setting
Cast rehearsal
Music and printing
Monitor and
control
Train production crew, Photograph cast and crew. enter information
into computer, orchestra rehearsal, Costume parade, dress rehearsal
Closer Performance

TASK 4
Risk analysis
The process which includes evaluating, defining and addressing dangers involved in the
project is described with the help of risk analysis program (Rendon and Snider, 2019). Risks are
present in an occurrence to all kinds of activities. This is the main instrument used to recognize
and evaluate various factors that may undermine project progress in relation to accurate
achievement. Throughout the case of the Union Music Festival event for Bucks Student, there
are multiple risks involved with that which may become barriers in coping with all events. The
organizers are creating a risk registry for this reason, which includes a list of defined threats
along with mitigation measures to be followed while the dangers actually occur. A Vulnerability
List follows:
Identified Likelih Impact Team that Mitigation Pre- Post-

risk ood of
risk
will
manage
the risk
strategy action
weighin
g score
action
score
Miscommun
ication
High This will have
an effect on
project
activities as
there would be
no arrangement
between events
and activities
that might lead
some major
issues results
in failure of
project.
Event
manager
To minimize
the risks, there
will be
appropriate
partnerships of
authority
obligation and
groups will
also be
established
where a team
manager can
oversee the
overall event
and manage
the communica
tion between
people
(Vanhoucke,
2016).
3 / 10 8/10
Shortage of
funds
High This will lead to
various
challenges
in carrying out
of other case
events.
Finance
manager
Finance
managers may
hold certain
financial
resources with
them in order
to reduce the
risk. They
4 / 10 9 /10

must also
make sure the
funds are
needed to be
used in
specific
manner.
Injury to
organisers
Modera
te
This would have
an effect on
other individuals
who plan the
music event
because they
need to finish
the tasks given
and also work
for member thos
e
get injured while
doing
project (Young,
2016).
H.R
manager
To minimize
the risks,
project
organizers
must hold the
protection
package and
assorted tools
with them
during attempt
to provide
security
measures and
steps on time.
6 / 10 7 /10
Spillage
addition to
lose cables
Low It can harm
workers and
guests whether
they move on
other physical
objects or fall
over leakages.
Housekee
ping
managers
The organizers
should
delegate
assignments to
successful
people who
have expertise
to manage lost
connectors in
4 / 10 4 /10

order to
minimize the
harm.
Last minute
cancellation
by
prominent
speakers
and
musicians
Low This can
influence future
events and either
speakers or
singers
withdraw at the
last moment
then the
program won't
be effective.
Event
organiser
committee
To minimize
the harm,
several dance
activities and
presentations
have been
planned by the
event
management
team to
celebrate
Alumni's
accomplishme
nts.
7 / 10 5 / 10
CONCLUSION
In the conclusion of above report it is concluded that the music event could be effectively
executed by best PM methodologies. Report also stated the value of assessing stakeholders and
utilizing effective engagement preparation. The Critical Path Approach specifies the least
amount of time required to accomplish both operations. Throughout any case, main forms of
threats include misunderstanding, last-minute termination and lack of resources and participants
injury can lead to failure of musical event.

REEFRENCES
Books and Journals
Gurjar, N., 2016. A forward looking approach to project management: tools, trends, and the
impact of disruptive technologies. Springer.
Hornby, R., 2017. Commercial project management: A guide for selling and delivering
professional services. Taylor & Francis.
Kerzner, H., 2019. Using the project management maturity model: strategic planning for project
management. John Wiley & Sons.
Kerzner, H. and Saladis, F. P., 2017. Project management workbook and PMP/CAPM exam
study guide. John Wiley & Sons.
Laufer, A., 2016. Breaking the code of project management. Springer.
Marchewka, J. T., 2016. Information technology project management: Providing measurable
organizational value. John Wiley & Sons.
Martinelli, R. J. and Milosevic, D. Z., 2016. Project management toolbox. John Wiley & Sons,
Incorporated.
Maylor, H., Blackmon, K. and Huemann, M., 2016. Researching business and management.
Macmillan International Higher Education.
Rendon, R. G. and Snider, K. F., 2019. Management of defense acquisition projects. American
Institute of Aeronautics and Astronautics, Inc..
Vanhoucke, M., 2016. Integrated project management sourcebook. Basel: Springer International
Publishing.
Young, T. L., 2016. Successful project management. Kogan Page Publishers.