Project Integration of Student Living Ltd. into The Dump Estates Ltd.

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PRINCIPLES OF PROJECT MANAGEMENT
Project scope: Project scope explains the boundaries of the project and sets a procedure of how
the work will be completed which helps the project team stay focused. The scope of current
research is to successfully integrate Student living ltd. into its parent company The Dump
Estates Ltd.
Project deliverables: Project deliverables are the hardware, software, application or any other
resources which will be used in the project to achieve its desired aims and objectives.
Acceptance criteria: The acceptance criterion defines the minimum requirement by the client
which need to be covered in the project.
Work breakdown structure (WBS): This is the process of breaking a large task into a number of
smaller tasks so that work process at different stages of the projects can be monitored and the
required improvements can be initiated.
Difference between a work package and a project activity: Work package is the lowest level of
work breakdown structure. ‘Activities’ are the tasks which need to be accomplished inside
these work packages. These activities need to be completed within the agreed time duration.
Project stakeholders: Stakeholders are individuals or a group of people who are going to be
affected by the on-going project and it is necessary to inform all these stakeholders and know
their concerns related to the project.
Project management risk plan: No matter how accurately the things are planned, every project
has some risks associated with it and analysing all these risks in advance helps in dealing with
unexpected problems encountered during the project.
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Project assumptions: All projects have some kind of assumption, for example, it is assumed
that all the employees will happily adjust to all the changes but, practically situations may be
different. This portion of the project defines all such assumption and the steps to be taken if
there inaccuracies in these assumptions.
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REFERENCES
1. Burke, R., 2013. Project management: planning and control techniques. New Jersey,
USA.
2. Kwan, T.W. and Leung, H.K., 2011. A risk management methodology for project risk
dependencies. IEEE Transactions on Software Engineering, 37(5), pp.635-648.
3. Harrison, F. and Lock, D., 2017. Advanced project management: a structured approach.
Routledge.
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