Joint Venture Analysis: Kier Group and Homes England Housing Project

Desklib provides past papers and solved assignments for students. This project analyzes a joint venture between Kier Group and Homes England.

Managing Successful Business
Project
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Table of Contents
Task 1 Project plan..........................................................................................................................4
1. Explanation of the proposed topic...........................................................................................5
2. Aim and objectives..................................................................................................................5
3. Scope and limitations...............................................................................................................5
4. Resources and cost consideration............................................................................................6
5. Gantt chart and WBS...............................................................................................................6
6. Risk register.............................................................................................................................9
Task 2.............................................................................................................................................12
Chapter 1: Introduction..................................................................................................................12
Chapter 2: Literature review.........................................................................................................13
Chapter 3: Research Methodology................................................................................................14
Chapter 4: Results..........................................................................................................................16
Interpretation..........................................................................................................................22
Chapter 5: Conclusion and recommendations...............................................................................25
Conclusion.............................................................................................................................25
Recommendations..................................................................................................................26
Chapter 6: Reflection.....................................................................................................................27
References......................................................................................................................................28
Appendix........................................................................................................................................30
Project Log Bok.........................................................................................................................30
Questionnaire.............................................................................................................................31
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List of Figures
Figure 1: Work breakdown structure...............................................................................................7
Figure 2: Adequate growth and development can be attained by Kier Group and Homes England
through the joint venture................................................................................................................17
Figure 3: Market share and sales can be advanced by joint venture practice between Kier Group
and Homes England.......................................................................................................................18
Figure 4: Joint venture Kier Group and Homes England must consider a market analysis..........19
Figure 5: Joint venture of Kier Group and Homes England needs mutual understanding............19
Figure 6: Roles and responsibility allocation in a joint venture of Kier Group and Homes
England can affect working...........................................................................................................20
Figure 7: Risk for the joint venture between Kier Group and Homes England............................21
Figure 8: Joint venture of Kier Group and Homes England can have success through monitoring
and controlling aspects..................................................................................................................22
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List of Tables
Table 1: Gantt chart.........................................................................................................................7
Table 2: Milestone.........................................................................................................................10
Table 3: Monitoring schedule........................................................................................................11
Table 4: Risk register.....................................................................................................................11
Table 5: Kier Group and Homes England can attain adequate growth and development through
the joint venture.............................................................................................................................16
Table 6: Market share and sales can be advanced by joint venture practice between Kier Group
and Homes England.......................................................................................................................17
Table 7: Joint venture Kier Group and Homes England must consider a market analysis...........18
Table 8: Joint venture of Kier Group and Homes England needs mutual understanding.............19
Table 9: Roles and responsibility allocation in the joint venture of Kier Group and Homes
England can affect working...........................................................................................................20
Table 10: Risk for the joint venture between Kier Group and Homes England............................20
Table 11: Joint venture of Kier Group and Homes England can have success through monitoring
and controlling aspects..................................................................................................................21
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Task 1 Project plan
1. Explanation of the proposed topic
The present study is focuses on carrying out research on analyzing the benefits and risk
associated with joint venture of Kier Group and Homes England. Key rationale behind the
selection of the topic is to evaluate the practice of joint venture. Risk and benefits of the strategic
option need to be identified, so the researcher has selected the topic (Newton, 2016).
2. Aim and objectives
Aim: To analyze the benefits and challenges associated with joint venture: A study on Kier
Group and Homes England
The present study is focused towards a project of a joint venture between Kier Group and Homes
England. Key motive behind the joint venture is to improve the housing facilities in the UK.
Effective consideration of framing objectives has also been referred by Kier Group and Homes
England to lead a joint venture to success. Classification of objectives can be as:
 To analyze the reasons behind the growing popularity of the joint venture
 To assess the risks associated with the joint venture to the firms
 To analyze the real impact of the joint venture on the business operations
 To recommend ways through which Kier Group and Homes England can operate jointly
3. Scope and limitations
Scope – Scope of the present project plan is to have an understanding of the project management
process. Also, the practice of the joint venture will be evaluated so that support to the project can
be offered. The plan will try to understand the housing marketing and design strategies
accordingly. Risk and benefits of the mutual understanding in both companies will also be
explored so that practice can be boosted (Nicholas and Steyn, 2017).
Limitation – Limited secondary sources are available that can be referred to a limitation of the
project. It has influenced the availability of a literature review on joint venture and its benefits.
Time – Research study project will be considered for 1 year and the project will be starting on
10th February 2019 and expected to complete on 15th March 2020. It is essential to have an
effective consideration of the time frame so that objectives can be accomplished.
Quality – For better consideration of quality the project manager has also considered the
monitoring and controlling values. Through effective application of monitoring and controlling
the time and resource allocation parameters can also be improved. Joint venture project success
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can be advanced through effective consideration of quality standards (Polonsky and Waller,
2018).
Communication – It is essential to have better communication among teams and professionals of
Kier Group and Homes England. In order to meet the standards of communication the project
manager has adopted the formal and informal communication methods. It has helped in
communicating the purpose of the project (Pryke, 2017).
4. Resources and cost consideration
Resources – Different resources are needed to be allocated so that the outcome can be attained in
standard form. Classification of resources can be as finance, human resource and technology.
Support of all these factors is significant so that joint venture of Kier Group and Homes England
can have better success (Wang et al. 2016).
Project cost – Proper consideration of costing is also necessary in order to have an evaluation of
the project cost. Each activity must have cost allocation so that project success can be attained. A
project of understanding the aspects related to the joint venture of Kier Group and Homes
England is expected to cost 1100 Pounds.
5. Gantt chart and WBS
In order to have the success of the project and joint venture between Kier Group and Homes
England the consideration of work breakdown structure is also necessary. Support of Gantt
chart also needs to be referred to ensure about the success of the Kier Group and Homes England
joint venture (Yan and Luo, 2016).
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Figure 1: Work breakdown structure
Table 1: Gantt chart
Activity/
Months
4 8 12 16 20 24 30
Joint venture
framing and
agreement
between Kier
7
Joint venture framing and agreement between Kier
Group and Homes England
Identifying the needs
under joint venture of
Kier Group and
Homes England
Understanding the
housing trends and
demand
Framing marketing
standards to lead
project to success
Hiring executives and
managing workforce
Allocation of roles and
responsibilities.
Considering HR plans and
supportive strategies
Training will be
organized
Consideration of location and
design layout for Homes
Recognition of resources to
meet the operational values
of joint venture

Group and
Homes England
Identification of
resources
needed
Recognition of
resources to
meet the
operational
values of the
joint venture
Consideration of
location and
design layout
for Homes
Hiring
executives and
managing
workforce
Training will be
organized.
Identifying the
needs under the
joint venture of
Kier Group and
Homes England
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Framing
marketing
standards to lead
a project to
success
Understanding
the housing
trends and
demand
Allocation of
roles and
responsibilities.
Considering HR
plans and
supportive
strategies.
6. Risk register
In order to have the effective accomplishment of the project the manager needs to focus on the
designing of milestone plan. In this, proper date and time have been allocated to each activity.
The project starting date will be 10th February 2019 and expected to be completed by 15th March
2019. Appropriate consideration of the monitoring plan has also been taken into account by the
manager. In this, a different monitoring activity has been classified so that identification of risk
can be referred adequately (Hillson, 2017). Also, risk register analysis has been evaluated so that
factors that can affect the effectiveness can be evaluated.
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Table 2: Milestone
Key Milestone Start Date End Date
Designing the aim and
objectives of the study
10th February 2019 30th April 2019
Identification of resources
needed
10th February 2019 30th April 2019
Recognition of resources to
meet the research study
process
10th February 2019 31st August 2019
Consideration of secondary
sources
10th February 2019 31st December 2019
Analyzing the secondary
information
1st April 2019 31st December 2019
Methodology selection 1st April 2019 31st December 2019
Framing of questionnaire 1st April 2019 31st December 2019
Implementing the survey 1st April 2019 31st December 2019
Data collection from
primary source
1st June 2019 31st January 2020
Interpreting the outcomes
and recommendation
1st February 2020 3rd March 2020
Final Submission 4th March 2020 15th March 2020
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and feedback
Table 3: Monitoring schedule
Activity/Time Every six months Every year Every month
Application of
monitoring and
activities standards to
manage resources and
time allocation
Understanding the
micro and macro
factors
Application of
controlling
Table 4: Risk register
Unlikely Likely Very Likely
Increase in cost can be
a major issues
Missing the deadline
Planning might be
failed regarding
resource allocation.
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Task 2
Chapter 1: Introduction
Current market conditions are very competitive and it affects the growth opportunities for
business. In order to deal with the competitive market conditions, the businesses are focused on
joint venture practice. It has been noticed that the joint venture allows the leading a project to
great success. Market opportunities and other aspects can also be improved in a significant
manner by considering joint venture practice. Through an improved focus on the practice of joint
venture the businesses can have easy access to resources (Miller and Weinberg, 2017). It has
been witnessed that access to technology, human resource and other elements can be boosted. It
assists in meeting the standards of operational function and leads businesses to great success.
In addition to this, it can be stated that a joint venture is considered as the most challenging and
critical task. It is not easy for companies to manage joint operations. However, the application of
project management practice and plan can assist in managing the joint venture practice (Koch
and Koch, 2018). The joint venture allows businesses to gain better outcome and ensure that
opportunities have been boosted. Long term objectives can easily be meeting through effective
standards in the joint venture. Benefits like sales and profit margin improvement are also factors
that can be promoted under the practice of a joint venture. Effective application of standards in
terms of collective working can also be employed under the joint venture.
It is also referred to a legal agreement between two or more companies who agreed to share
resources. The key purpose of such a practice is to accomplish long term goals. Trade practice
effectiveness can also be improved. Growth and development practice can also be a benefit of a
joint venture (Yan and Luo, 2016).
The present investigation is focused on the joint venture of Kier Group and Homes England. Key
purpose behind the joint venture is to improve the housing services and ensure that 5400 home
are being distributed in England by the end of the next 10 years. In the present era, housing
facilities and distribution are considered as the most critical value. Cost of such projects can be
enhanced that affects the effectiveness of the project. In the present study, the project
management plan has been referred by Kier Group and Homes England to ensure that the joint
venture will have great success (Kemp and Owen, 2017). Different aspects associated with the
joint practice are being evaluated in the study. The present study is covering different aspects of
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