BM522 Project Management Report: Music Festival Case Study

This report, prepared for the BM522 Project Management course, analyzes the application of various project management methodologies to the planning of a music festival for the Bucks Students' Union. The report begins by critically evaluating three project management methodologies: Agile, Waterfall, and Adaptive Management, discussing their advantages and disadvantages. It then proceeds to Task 2, which includes the creation of a network diagram and critical path analysis (CPM) to determine the project's schedule and critical activities. Task 3 focuses on stakeholder management, including the creation of a stakeholder matrix and communication strategies. Finally, Task 4 addresses risk assessment, identifying potential threats and proposing risk management strategies. The report concludes with a summary of the findings and recommendations for successful project execution.

BM522 Project
Management

Contents
Contents.............................................................................................................................2
INTRODUCTION...............................................................................................................1
MAIN BODY.......................................................................................................................1
TASK 1...........................................................................................................................1
TASK 2...........................................................................................................................3
TASK 3...........................................................................................................................4
TASK 4...........................................................................................................................6
CONCLUSION...................................................................................................................7
REFERENCES..................................................................................................................8

INTRODUCTION
Program managers are needed to use the utmost subtle, generally precise, and
careful methods of practise, in which the general strategies are anticipated to be driven
within the particular endeavour regions and displayed program planned organizing
structure (Ahmadi and Rezaei, 2020). The forthcoming events would centre on the
"Bucks Students' Union," that draws across the primary areas of interest, including
using cognitive techniques like projection boards and determining Critical Path Methods
(CPM). Likewise to how "Bucks Students' Union" perspectives are compared, the
companion assessment, displaying the WBS, and finally the appropriate conversation
would be taken into consideration.
MAIN BODY
TASK 1
Bucks Students' Union should take into account the board’s processes in their
entirety, wherein Agile, Waterfall, and Adaptive methods are indeed the essential
criteria. As a consequence, Bucks Students' Union should perfectly apply those
strategies in addition to be considered acceptable. The "Bucks Students' Union" Task
Estimate by the program's representatives shows inside-and-outside estimates and
patterns of the distinctive attempt the committee methods, in which the 4 major contexts
of evolution, pace, collaboration, and adequacy would be helpful for observing all
the people adjusting adequately.
Agile Methodology- The agile structure essentially consists of 5 phases:
conversation, evaluation, planning, implementation, and tests. During each phase, the
relevance of the program throughout all linked venture tasks is carefully examined. Due
to the fact that finishing the committee calls for the most subtle, usually accurate, and
successful new methods to improve in which the cumulative tools are intended to be
engulfed, all pertinent and dependable concerns must be carried out fairly by taking into
account the crucial stages for "Bucks Students' Union”.
Benefits:
 This tool comes highly suggested for practically everything and a moderate job.

 Influencing in a special commercial scenario (Andervazh, Javadi and Aliabadi,
2020).
Drawbacks:
 Every result is reduced in size.
 Strong strategies are necessary for steady success which is not possible in this
scenario.
Waterfall Approach- The "Bucks Students' Union" must look into teaching methods
which start out at one degree and work their way down, like engaging in pertinent tasks
inside a reasonable amount of period. It must go without saying that "Bucks Students'
Union" shall take into account assessment, organization, implementation, monitoring,
marketing, and distribution for the intended program whenever suitable support would
be available.
Benefits:
 Simple and simple to understand.
 Every steps are finished in one go.
Drawbacks:
 Extremely doubtful and unsafe.
 A risky presenting structure is offered for current tasks.
Adaptive Management Techniques- In order to change with the selected industry
sectors, "Bucks Students' Union" could additionally effectively employ adaptable
structures which integrate analyzing problems, organizing, executing, measuring, and
assessing. All of these constant duties must be done effectively in this manner. In
essence, the flexible organisation of the "Bucks Students' Union" number shows
indisputably the understanding of how the Program Administrator must oversee
numerous task linked aspects to accurately identify the finest undertaking maintenance
methods.
Benefits:
 Flexibility in all circumstances
 The best methods would be required given the present situation (BAGHAEE and
GHAREHPETIAN, 2020).
Drawbacks:

 Ambiguity and doubt
 It calls for a great deal of challenging wise practises.
TASK 2
In addition to properly implement the realistic suggestion, "Bucks Students' Union"
must legalise the pertinent essential dates that start and conclude inside the defined
service range and address all associated challenges. The fundamental method
procedures, EST, LST, and EFT, LFT, would be demonstrated in relation to the "Bucks
Students' Union" along with the general period of scheduling structure.
The crucial pathways for the Bucks Students Union would've been 1-2-5-9-10-21-
22, and the overall number of days will be 119. It is considered to be on the crucial route
because it is the longer and has no floating (Chathurangani and Madhusanka, 2019).
The formulas for EST, EFT, LST, and LFT are as shown in the table below:
Task No Duration EST EFT LST LFT
1 1 0 1 0 1
2 14 1 15 1 15
3 14 1 15 47 61
4 7 15 22 33 40
5 7 15 22 15 22
6 28 22 50 40 68
7 42 50 92 61 103
8 12 50 62 96 108

9 2 22 24 22 24
10 84 24 108 24 108
11 7 1 8 61 68
12 7 8 15 97 104
13 35 50 85 68 103
14 1 85 86 13 104
15 5 86 91 104 109
16 7 50 57 81 88
17 51 57 78 88 109
18 4 15 19 104 108
19 7 4 31 81 88
20 5 92 97 103 108
21 1 108 109 108 109
22 10 109 119 109 119
TASK 3
The "Bucks Students' Union" must be shown as the best machinery for advancing
towards the completion of the actual performance that necessitates a number of inside-
the-building operations. As a consequence, by carefully examining the associate matrix
and exchanging strategies which are specifically suitable for the suggested "Bucks
Students' Union" setting, the guarding of interior and exterior accomplice's concept
would be useful.
Stakeholder management grid- The "Bucks Students' Union" should make the
right effect on a huge range of interior and outside stakeholders, and the crucial task of
perfectly fulfilling everyone would rely on a few crucial evaluations. The stakeholder’s
hierarchy diagram clearly shows how the program leader must oversee a particular task
linked idea (Cleve, 2017). The image would also show the fundamental requirements for
obtaining the finest program maintenance methods in the eyes of the "Bucks Students'
Union" collaborator. Therefore, in efforts to progress the requirement hypothesis
undertaking in 4 regions make them delighted, concentrated individuals, eliminate
exertion, and keep informed as "Bucks Students' Union" should handle requirement
foundation concerns like if the collaborators are usually associated or otherwise.

2,3,4,6,9,11
1
10,14,15
Project
19,20, 21 8, 212, 18
Stakeholder matrix- In communal engagement D, learners are categorised as
essential participants, while gatherings of graduation classes could be found in societal
event C. A's communal gatherings in this classroom can grab the attention of the
teachers.
Communicating techniques- Bucks Students' Union needs to use the right
communications strategies to establish the right channels of interaction with many
stakeholder concerns, including
 Each colleague's authority and objectives should be understood by the other
clearly.
 Therefore, communication ought to be exceptional whenever the appropriate
stakeholders are involved and the appropriate organising framework, techniques,
and route are feasible (Hussain, HAQUE and Baloch, 2019).
The following is the numerical Work Breakdown Structure:

TASK 4
"Bucks Students' Union" must take into account the vulnerability in the context of the
particular business situation, in which all pertinent concerns must be managed using
clear guidelines and tight support. The Program Committee Concerns image clearly
illustrates how the Program Leader must handle particular work linked concerns from a
practical perspective. Moreover, all dangers must be minimised by properly utilising a
variety of persuasive approaches in addition to receive the best administrative
assistance processes.
 Program Scheduling Threat: The program's scheduling danger is by far the
most important risk factor. If the group is unable to coordinate the necessary
operations in a timely manner, the celebratory programme would be postponed.
 Monetary Threat: Due to the program's high monetary requirement, the fiscal
threat of the project is next just to the other threat. If the material wasn't put
together correctly, the endeavour wouldn't be able to secure its significance.
 Operating Hazard: If the program is not successfully led by integrating all
required elements, this could falter. As a consequence, the utilising supervisor
and other workers must provide priority to the beneficial person (Lis and
Tomanek, 2017).
 Tactical danger: Exterior threat worries, like a shortage of authority or an
uncomfortable position, amongst many others, may provide a serious threat. The
likelihood of The Bucks Students Union undertaking that kind of a chance is
unlikely.
 Communicating Threat: This refers to the potential for inarticulate contact with
the graduation ceremony, current students, and other related societal
engagements. The level of connection risk in this practice is moderate.
The "Bucks Students' Union" must think about effective, thoughtful, creative, and
acceptable risk managing strategies. The Projects Risk Management shows
unmistakably how the Program Leader must keep track of numerous task linked topics.
The managers' overall risk apprehensions are also connected to two focus practises:
risk evaluation and threat management.

CONCLUSION
The most subtle, outright, precise, and purposeful practice techniques are needed if
the steering committee is large as intended by the leaders. The general methods are
anticipated to be cleansed within the specific venture remaining slightly higher
compared to the other as task planned organizing structure. We would complete the
task as "Bucks Students' Union," which integrates all of the key issues, including
projected administrative structures and determining Critical Path Methods (CPM).
Furthermore, the collaborator assessment, WBS presentation, and juridical document
would all be effectively and economically reviewed in compliance with "Bucks Students'
Union" opinions.

REFERENCES
Books and journals
Ahmadi, S. E. and Rezaei, N., 2020. A new isolated renewable based multi microgrid
optimal energy management system considering uncertainty and demand
response. International Journal of Electrical Power & Energy Systems. 118.
p.105760.
Andervazh, M. R., Javadi, S. and Aliabadi, M. H., 2020. Active Distribution Network
Operation Management with Large Penetration of Hybrid Electric Vehicles and
Sustainable Distributed Energy Generation. Sustainable Cities and Society.
p.102313.
BAGHAEE, H. R. and GHAREHPETIAN, G. B., 2020. CHAPTER TWENTY NEW
TRENDS IN OPERATION, MANAGEMENT. Advances in Renewable Energies
and Power Quality. p.354.
Chathurangani, H. B. P. and Madhusanka, K. J. S., 2019. Environmental Management
Accounting (EMA) adoption level among listed manufacturing companies in Sri
Lanka: Institutional theory perspective. Research in Social Sciences. 2(1). pp.1-
12.
Cleve, B., 2017. Film Production Management: How to Budget, Organize and
Successfully Shoot Your Film. Taylor & Francis.
Hussain, N., HAQUE, A.U. and Baloch, A., 2019. Management Theories: The
Contribution of Contemporary Management Theorists in Tackling Contemporary
Management Challenges. Journal of Yaşar University, 14, pp.156-169.
Lis, A. and Tomanek, M., 2017. The 1st International Scientific Conference on the
Challenges of Contemporary Management in the Global Economy: Leadership,
Strategies, Social Responsibility. Journal of Corporate Responsibility and
Leadership, 4(1), pp.93-98.