Individual Project Plan: Battersea Power Station Redevelopment

This individual project plan focuses on the redevelopment of Battersea Power Station, examining its project goals, deliverables, and scope. The plan details the financial business case, including a 5-year cost projection, and outlines project roles and responsibilities. It addresses risk management through identification, analysis, and the creation of a project risk matrix. The plan also covers project controls, a reporting framework, and a summary of the project. The project aims to provide mixed-use development to increase living standards, with deliverables including new residential homes and various amenities. The financial section includes a cash flow statement and balance sheet analysis. Risk management involves identifying potential risks and developing mitigation strategies. The project's scope encompasses the redevelopment's impact on the community and business sectors, highlighting its wider benefits. The plan concludes with an analysis of the project's various aspects.

Individual Project
Plan

Table of Contents
INTRODUCTION......................................................................................................................3
MAIN BODY.............................................................................................................................3
Project Goals..........................................................................................................................3
Deliverables............................................................................................................................3
Scope......................................................................................................................................4
Financial business case..........................................................................................................4
Project roles & responsibilities..............................................................................................8
Risk........................................................................................................................................9
Section 5 risk management plan................................................................................................9
5.1 Risk identification action plan and analysis.....................................................................9
5.2 project risk matrix..........................................................................................................10
Assumptions.........................................................................................................................10
Project controls.....................................................................................................................11
Reporting framework...........................................................................................................11
Summary..............................................................................................................................12
CONCLUSION........................................................................................................................13
REFERENCES.........................................................................................................................14
Books & Journal:..................................................................................................................14

INTRODUCTION
Business project plan is being required by donation in order to execute their project
activities and functions in well systematic manner (Akhmetshin, 2019). In this contemporary
business environment, it is essential for every enterprise to implement project planning so
that goals are accomplished. Initiation and completion of a business project is a time
consuming process which is required to be carried out with correct use of information and
research. Main purpose of this report is to understand the importance of business project
plan. This report is based on case study of Battersea Power Station which is a being
redeveloped as part of seven stages, 8 billion worth development project. It is about to be
completed in 2025. This report comprises of project goals, deliverables, scope, financial
business case, project roles and responsibilities, risk assumptions, project control methods,
frameworks for reporting and summary of a project.
MAIN BODY
Project Goals
Main goal of project is to provide mixed-use development to community and society
in order to increase their living standard. The project focuses on creating development and
improvement in many areas to redevelop and it will provide new residential homes at
affordable prices with many new city spaces. The project is about to be completed in 2025
with all focus areas and 7 stages (Bowler, 2020).
Deliverables
Deliverables are defined as what project it is going to be delivered. In accordance
with the given case study, this project will deliver redevelopment of community and society
area with wide range of amenities and activities. A deliverable is a tangible or intangible
good or service produced as a result of a project that is intended to be delivered. A
deliverable could be a report, a document, a software product, a server upgrade or any other
building block of a project. It can also be called as something definite or specific created by
the work performed during the project. Any deliverable must meet a few criteria (Gandek,
2019).
Moreover, it will also deliver different types of 7 phases which will include
construction of new tube station, 2.5 million square feet of office and retail spaces, library

medical centre child care facilities, restoration of power station, new residential homes etc.
This project is being focused towards in handling the inner moral of public so that they are
able to enjoy the life in possible manner and this project will also ensure that all amenities
are being provided to them at all aspects (Hrabia, 2019).
It is duty of a project manager to have proper analysis of whether this project is going
to be delivered a positive output or not so that it is helpful in implementation of strategies in
more effective way. Project deliverables will help in understanding the importance of given
project in most efficient way and which also assists in engaging with stakeholders and
investors easily. From out of seven stages, three stages have been successfully completed by
selected company and rest of them are to be completed by a year of 2025. All these
deliverables are being achieved by them with proper use of resources capital investment
gathering of information and data analysis.
Scope
Scope is defined as a how effective project is and what the scope of project is. For
example- undertaken project has a scope of “redevelopment of community, society and
business sectors which will provide a solution to unemployment problem”. This project of
reconstruction and redevelopment has a wider scope because it will directly impact people
mind-set and their living which field also leads to growth and development of commercial as
well as non-commercial business. Main benefit of this scope is it that it will be easier for
people do engage with local community and areas in most effective way also leads to
positive relationship amongst other (Miranskyy, 2017).
This project is to be undertaken by Better Sea Power Station Development Company
who will be responsible for all the construction activities and I will complete this project by
2025. It is located one mile from the houses of parliament and about for 400 stretch of cities
and is oriented towards river Thames.
Therefore, from the above stated paragraph it is seen that this project has a wider
scope which will benefit both public and business at larger scale. So, this is to be completed
within a specific time interval which is by 2025.
Financial business case
It is critically necessary for project manager to be aware about what financial
components and processes are needed to execute the project in successful manner. Different
types of financial statements are being prepared by selected company and project such as
cash flow statement cash budget balance sheet cost breakdown structure etc. These are

important because they have a Deep impact on long-term planning and activities of project at
wider context which are properly lived to be examined and analysed.
Estimated Budget for 5-year plan
Cost breakdown and budget
Accounting and Management are also necessary in project planning because they
involve cost breakdown and project which all need it at all aspects. In consideration of this
project, it is analysed that they need to be properly aware about in and out of cash and other
expenses when implementing project. Cost breakdown and budget helps in analysing and
examining of what cost and expenses will be occurred during project another procedure
which will affect the cash flow of a business (Mukherjee, 2017).
Cost projection for 5 years
Year 1 Year 2 Year 3 Year 4 Year 5
Sites information and data
gathering
Machines and equipment £ 658,900.00 £672,078.00 £685,519.56 £699,229.95 £713,214.55
Workers and employees salary/
wages £ 55,500.00 £ 56,610.00 £ 57,742.20 £ 58,897.04 £ 60,074.98
Print flyer for publicity
Holdings advertisements £ 32,498.00 £ 33,147.96 £ 33,810.92 £ 34,487.14 £ 35,176.88
Leaflets £ 2,345.00 £ 2,391.90 £ 2,439.74 £ 2,488.53 £ 2,538.30
Posters £ 3,000.00 £ 3,060.00 £ 3,121.20 £ 3,183.62 £ 3,247.30
Send email reminders £ 800.00 £ 816.00 £ 832.32 £ 848.97 £ 865.95
Analysis and research
Expert analysis £ 54,923.00 £ 56,021.46 £ 57,141.89 £ 58,284.73 £ 59,450.42
Testing £ 9,292.00 £ 9,477.84 £ 9,667.40 £ 9,860.74 £ 10,057.96
Space and sites inspection £ 38,292.00 £ 39,057.84 £ 39,839.00 £ 40,635.78 £ 41,448.49
Redevelopment costs (Houses)
Structure £ 13,200.00 £ 13,464.00 £ 13,733.28 £ 14,007.95 £ 14,288.10
Site map £ 4,450.00 £ 4,539.00 £ 4,629.78 £ 4,722.38 £ 4,816.82
Utility expenditure
Telephone bills £ 9,383.00 £ 9,570.66 £ 9,762.07 £ 9,957.31 £ 10,156.46
Security
Bouncers £ 2,300.00 £ 2,346.00 £ 2,392.92 £ 2,440.78 £ 2,489.59
Guards £ 2,350.00 £ 2,397.00 £ 2,444.94 £ 2,493.84 £ 2,543.72
Miscellaneous expenditure
Registrations expenses £ 300.00 £ 306.00 £ 312.12 £ 318.36 £ 324.73
Event venue £ 1,500.00 £ 1,530.00 £ 1,560.60 £ 1,591.81 £ 1,623.65
Total £ 889,033.00 £906,813.66 £924,949.93 £943,448.93 £962,317.91
Cash flow statement- Cash flow statement is a kind of a financial statement in which
it summarises and reflects about different amount of cash and cash equivalents entering and

leaving organisation. Main benefit of cash flow statement is that it determines the financial
condition of enterprise and how well the business is being going and what is the cash position
as well as how money is being generated.
During this project manager of Battersea Power Station is well aware about what
amount of money is being coming and outgoing and through what sources. This helps in
managing the cash inflow as well as also effectively which reduces the future problems at all
aspects (Murray, 2017).
From the above discussed and reflected table it is clearly specified that financial
business cases need to be properly determined and presented so that it becomes easy for
project managers and stakeholders to understand the objective of project and how they will
be going to be achieved this. In order to determine the completion of a project finance and
cash are needed to be maintained with proper considerations so that problem does not occur
and every single activities is being executed effectively (Rahardja, 2020).

All figures are in £
Balance sheet
Balance sheet is being also prepared by project manager because it reflects about
different accounts into their right position whether they are assets or liabilities. Balance sheet
is also necessary in order to determine lead cash activities within business sector. This
project is being prepared and going to be completed within upcoming 5 years and
accordingly all financial statements are being managed and handled by supervisors
(Stanaway, 2018).
It is needed to be prepared after ones all financial statements are being prepared in
efficient manner. It is duty of a financial department to have a proper analysis of finance
activities and operations through which it become easier to implement for the study to
complete the project without facing any problem.

Project roles & responsibilities
It is an important stage during business plan because roles and responsibilities play
essential role within project without which activities cannot be processed. It is responsibility
of a project manager to use essential component within project initiation document which is
required to be properly focused because it reflects about which team member and department
are being assigned what task and at what level. Project initial document is needed to be
implemented and include every essential component which can further impact for project
activities and completion (Homas, 2017).
Different roles and responsibilities of this undertaken project is being reflected below-
 This project is responsible for ensuring the quality of a construction and cash inflow
and outflow. This responsibility is being managed by senior project manager who has
the authority to have a control over activities within project.
£ £
£ £

 Another roles and responsibility is that select company is responsible for providing
wide range of services to public and fulfil their needs as well as demands at all aspects
so that benefits are achieved accordingly.
 Furthermore, this project will play as important role in construction industry because
it will provide number of different facilities two people which will also enhance their
living standard at higher scale.
Project team- For this project number of different things and members are being hired by
selected company who is mercy for development of this project and 50 - 80 employees
having required during and till the completion of a project. All teams associated with this
have a wide range of responsibilities recharging preferred by them on given deadline
(Winter, 2019).
Project Supervisor-Two supervisors are responsible for handling this project and all
other activities as because they are specialised in their field and have a broad experience
within construction industry as well as connection with many foreign countries and experts.
This is also analysed that different team members are various types of roles and
responsibilities on the basis of which they use their skills and knowledge during the process
of project and accordingly. Therefore, it is necessary for supervisors to have a proper track of
activities so that all benefits are achieved systematically and efficiently.
Risk
Section 5 risk management plan
5.1 Risk identification action plan and analysis
Risk refers to a certain situation which can arise at any time. Project Management risk
defined as a process through which risk are identified within a project and are evaluated
accordingly. With the help of this process it becomes easy for Project leader and planner to
analyze or identify the risk which can directly impact upon functioning of a project at wider
scale. It is necessary for project planners to have proper information about risk analysis so
that resources and actions are undertaken efficiently. A risk management plan is a document
that a project manager prepares to foresee risks, estimate impacts, and define responses
to risks. Risk management plans should be periodically reviewed by the project team to
avoid having the analysis become stale and not reflective of actual potential project risks.
Risk analysis- It is duty of a supervisor of a project to have a deep knowledge of risk
analysis so that strategies implemented and risks are reduced. Risk analysis is the process of
identifying and analysing potential issues that could negatively impact key business

initiatives or projects. This process is done in order to help organizations avoid or mitigate
those risks (Akhmetshin, 2019).
Quantitative analysis- It is a type of a process or approach used by individual to
determine all focused risk in numerical way with use of graphs and charts.
Qualitative analysis- It is another form of analysis of risk in which risks are
identified through use of theoretical information.
5.2 project risk matrix
The above stated picture shows about impact of risk at different aspects and how it
can impact upon project planning. Therefore, it has been specified that project risk matrix is
essential process and approach which is needed to be properly carried out with use of market
information and other factors so that strategies are adopted effectively. Risk associated with
this project are-
Assumptions
There are some assumptions and constant about this project for example with the help
of completion of this project it will develop and improve the locality as well as community.
Another assumption is that new smart application system have been implemented and it is
also seen that it will develop and provide better services to people which will increase their
living standard for longer time period (Bowler, 2020).
Assumption is any project factor that is considered to be true, real, or certain without
empirical proof or demonstration. It's important to note that every project assumption poses a
potential risk.

This has been specified that it is necessary for project manager and team to have
proper knowledge of assumptions and constant so that it is easy to engage with people
effectively.
Project controls
This is another essential component of PID in which it focusses about how the project
measurement and process will be measured. Also, it reflects about what key performance
indicators are going to be used in order to have proper control over projects. This is to
specify that with this assumption it is also easier for project and Company to make decisions
effectively and with proper research and Analysis (Gandek, 2019).
Key performance indicators are also being used by it managers and project manager
for example benchmarking, net profit margin, growth in revenue, average daily attendance in
many or used as a performance indicator to track performance of project and other work
activities.
Reporting framework
Reporting is also needed during the project and it is necessary to be aware about all
reports and submitted to the supervisor so that decision and analysis is being made. For
example, during this process of project monthly summary report to the project sponsor will
be sufficient because it will cover up all the important topics and activities which are to be
executed. This reporting frame only to be properly managed and handled with efficient
manner so that everything is being carried out appropriately (Hrabia, 2019). Implementation
of these reports is to be done by project team manager with overall overview of monthly
progress. This is critical necessary to have knowledge about all the project activities so that
reports are prepared and all resources are used with proper utilisation.
Besides that, there are other frameworks which can be adopted by chosen firm CDP
and GRI are considered some of the most credible and widely adopted sustainability
frameworks for general corporate reporting. The Sustainability Accounting Standards Board
(SASB) and Task Force on Climate-related Financial Disclosures (TCFD) have emerged as
the leading frameworks for aligning non-financial and financial disclosures. GRESB is one of
the leaders in benchmarking assets of portfolios of real estate owners, asset managers and
developers.
This is analysed that reports are important every project because they give a deep and
detailed description about how and at what level the project is being going on. It depends
upon Team members and supervisors, to have a deep knowledge about different types of

frameworks and reports so that all benefits are achieved and it is too stated that those are to
be adopted with appropriate manner and proper way (Miranskyy, 2017).
Summary
This is a tool that project initiation document important part of projects without which
it is not easy to understand goal and overview of undertaken activities. So, this is clearly
analysis that every important element of PID has been briefly explained within this project
which displays a wide map for project about how they can complete the project in a limited
time period. Financial business case project control methods risk analyses are some of the
important elements which have been explained with the proper considerations. From above
discussed paragraph, it is seen that initiating and completion of a project needs to be done
appropriately so that everything is being carried out and problem does not occur during
processes.

CONCLUSION
After analysis of discussed report, it is specified that individual Project planning
require proper use of information and market analysis to execute activities efficiently. So
decision has been made about a brief overview about the project goals, assumptions controls
method, frameworks risk analysis, financial business case, roles and responsibilities, scope
and deliverables. It has been evaluated that project manager need to be active regarding
activities so that benefits are achieved accordingly. Project is needed to be done with the
proper use of information and resources so that benefits are accomplished and everything is
being done in more appropriate way.

REFERENCES
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entrepreneurship education: A review of methods and applications in education.
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Environment.Part B. Urban Atmosphere, 25(1), pp.143-151.
Gandek, 2019. Tests of data quality, scaling assumptions, and reliability of the SF-36 in
eleven countries: results from the IQOLA Project. Journal of clinical epidemiology,
51(11), pp.1149-1158.
Hrabia, 2019.EffFeu project: Towards mission-guided application of drones in safety and
security environments. Sensors, 19(4), p.973.
Miranskyy, 2017, August.Modelling assumptions and requirements in the context of project
risk.In 13th IEEE International Conference on Requirements Engineering (RE'05)
(pp. 471-472).IEEE.
Mukherjee, 2017.Feasibility studies and important aspect of project
management.International Journal of Advanced Engineering and Management,
2(4), pp.98-100.
Murray, 2017.Bankside power station: Planning, politics and pollution (Doctoral
dissertation, University of Leicester).
Rahardja, 2020, March.The Strategy of Improving Project Management Using Indicator
Measurement Factor Analysis (IMF) Method. In Journal of Physics: Conference
Series (Vol. 1477, No. 3, p. 032023). IOP Publishing.
Stanaway, 2018. Global, regional, and national comparative risk assessment of 84
behavioural, environmental and occupational, and metabolic risks or clusters of risks
for 195 countries and territories, 1990–2017: a systematic analysis for the Global
Burden of Disease Study 2017. The Lancet, 392(10159), pp.1923-1994.

Thomas, 2017.Dancing in the white spaces: Exploring gendered assumptions in successful
project managers’ discourse about their work.International Journal of Project
Management, 25(6), pp.552-559.
Winter, 2019, January.Mission Impossible?Exploring the Limits of Managing Large IT
Projects and Ways to Cross the Line.In Proceedings of the 52nd Hawaii
International Conference on System Sciences.