Comprehensive Project Management: DEF Ltd Acquisition by ABC PLC

This report provides a comprehensive analysis of project management strategies employed during the acquisition of DEF Ltd by ABC PLC. It covers essential aspects such as project characteristics, scope statement, Work Breakdown Structure (WBS), Gantt Chart, and Critical Path analysis. The report also delves into budget production approaches, project risks and responses, and quality techniques. Furthermore, it examines the activities involved in the acquisition, time management, cost analysis, and time-phased budgeting. The report identifies crucial skills and competencies required for the project, potential concerns, and the stages of the project life cycle. Leadership and managerial issues are discussed, offering a holistic view of the project management process within the context of the DEF Ltd acquisition by ABC PLC. The document is available on Desklib, a platform offering study tools for students.

Managing Projects

Table of Contents
Introduction......................................................................................................................................3
Task 1...............................................................................................................................................3
Important characteristics of a project..............................................................................................3
Project scope statement....................................................................................................................4
Work Breakdown Structure role (WBS)..........................................................................................4
Gantt Chart.......................................................................................................................................5
Critical Path.....................................................................................................................................5
Approaches for producing a budget for the project.........................................................................6
Project risks and their responses......................................................................................................7
Distinguishing Quality techniques in a project................................................................................7
Task 2...............................................................................................................................................8
Activities for the project..................................................................................................................8
Time management of the project.....................................................................................................8
Cost Analysis of the project...........................................................................................................11
Time-phased budget.......................................................................................................................12
Skills and competencies for the project.........................................................................................13
Concerns for the project.................................................................................................................13
The stages of project life cycle......................................................................................................14
Leadership in the project...............................................................................................................16

Managerial and control issues identified with the project.............................................................16
Conclusion.....................................................................................................................................18
References......................................................................................................................................19

Introduction
The dealings with the recent study related to the preliminary characteristics of a project, its scope
of statement as well as the section of Work Breakdown Structure incorporated in a project has
been depicted here (Harrison and Lock, 2017). Critical Path and Gantt Chart have been presented
along with the project. In addition, cost studies, time management, capabilities and abilities,
related to the project are presented in the project (Schwalbe, 2015). Apart from these, the
discussion also involves the stages of life cycle, initiatives worries control and managerial issues
related to the project. These will also obtain DEF Ltd related contextual study with the help of
ABC PLC. An organization needs a proper project management. This is because an appropriate
way of managing projects will ensure that the conveyed matter is correct and is ought to provide
incentives against the business chance. Project management has an important project conveyance
because it provides a guarantee of thoroughness of its fitting well according to needs and
requirements of the project.
Task 1
Important characteristics of a project
As the project management institute has indicated, transitory project is a characteristic of a
project and is tried in order to make an exceptional article, result and management. The most
important characteristics and traits of a project have been shown with the help of a definition to
be novel and impermanent to be particular. A transitory project is said to be having a start with a
positive note and a definite end of every project, although the end of the project is reached when
the goals of its are attained. In spite of what may be expected, as the project comes to an
endwithout attaining its goals. This kind of a project contributes to something, which has
previously not been done, being the main characteristic of this kind of a project. There is a single
timetable, resource allocation and target determination for every project (Grant, 2016). Each of
the characteristics of the project has a significantly important role to play in their respective
projects and their attainment.

Project scope statement
For the definition of scope of a project, the recognition of the three key elements is extremely
important. For instance, with respect to restrictions, the company ABC PLC has the
responsibility of providing guarantee of the starting up of another office along with the operation
requirements of the new office that is yet to be opened.The centre offices are incorporated in the
arrangement. The others are excluded from the scope of any scope. There may be certain
exceptions for the project,for instance, the preliminary hardware for the new office introduced
fittingly and must not exceed the financial plan.
Work Breakdown Structure role (WBS)
A WBS or Work Breakdown structure is essential for the chiefs of the project for planning the
work in a more efficient manner (Kerzner and Kerzner, 2017). The allocated and time-bound
activities can be referred to as a project. The time and cost for each of the project is fixed,
respectively. The operational plan for the project management needs to be prepared. However,
fixed and practical costs need the conclusion of the respective projects. The main responsibility
of Work Breakdown Structure is reducing complex activities to the gathering of offices (Fersht,
2017). The projects must be measured along with free considered limitations. The Activities of
Work Breakdown Structure can be calculatedin the project management. The connected bundles
related to some assignments in order to provide guarantee and check the costs of the projects and
exceeding their total cost is the role of WBS.

Gantt Chart
Critical Path
Diagram 1: The Network Diagram (Activity-on-note)
(Source: Created by author)

Table 1: Duration of paths through CPM diagram
(Source: Created by author)
The system that has the longest span is known as the critical path. Therefore, A-C-F-H is the
critical path for the particular case. Twenty-two days are needed for the project to complete and
has been marked in red in the above diagram of network. Thus, the duration required for the
project completion is twenty-two days.
Approaches for producing a budget for the project
The approaches that are used in order to manage a budget are Milestone Analysis along with
Earned Value Analysis (Fleming and Koppelman, 2016,). Both of them provides usefulness to

the objectives of each of the applications. The approach of Earned value Analysis determine the
forward or backwardness of the activities done by the employees along with the measurement of
plan. On the other hand, less management exertion is required for the Milestone Analysis in
order to set up the project and abode by it.
Project risks and their responses
The methodology used to distinguish, break down and react to the risk elements is known as risk
management (McNeil, et al., 2015). It is applicable throughout the life cycle duration of the
respective projects. Risk management is necessary in a project as it helps in the recognition and
assuming the potential risks that may come in the way. The risk control, risk measurement and
reaction and advancement of risks are affected by it. The recorded risks must be updated
regularly that are archived in order to provide guarantee to the goal of results that the employees
can get hold of.
Distinguishing Quality techniques in a project
In order to complete the project in its full efficiency, it is extremely important to manage the
quality of the respective projects. In order to maintain the quality of the project, taking into
consideration its end goal, the approach of project management is a technique that is used in
order to control and constantly upgrade the products and the applied methodology (Martinelli
and Milosevic, 2016). At the time of executing the project, implementation and planning of the
fundamental works is assisted by PCDA in order to confine the blunders of the same. In addition,
In order to help the PCDA cycle, a developmental technique for the evaluation must be in
connection to the survey process as authoritative errands such as introducing, purchasing and
hardware testing.

Task 2
Activities for the project
Acquisition and merger for DEF Ltd a d ABC PLC includes all the activities in relation to the
corporate mergers. The original company operates the association acquisitions as well as the
interchange of business activities to a separate division. Due to the project being a situational up
gradation of the issues of the company and includes rebuilding, the situation can be called as an
outer business rebuilding. The activities that are integrated in the project extends from the
creation of procedure along with a mature understanding of the aspirants, reconciliation,
investigation as well as interchange of arrangements to the joining procedure. It could be
differentiated into three undone projects.
Amidst the explorative previous project, this business case has been produced. The checking of
techniques, competitor choice and assuring the action plan will be done and resolved in this
project (Denzin, 2017). The foundation of the exploratory level is generally dawdled by the
original organization. It has connection with the lawful or budgetary interchange that consists of
agreement advancement, transaction, set up of terms and conditions along with antitrust leeway.
The project are majorly run with the help of external aspects and components and their effects
and implications. Moreover, they cannot be controlled effectively and tend to advance by itself.
Time management of the project
Task
Mode Task Name Duration Start Finish Predecessors
Auto
Schedule
d
Acquisition of DEF Ltd by ABC
PLC 40 days Fri 04-
05-18
Thu 28-
06-18

Auto
Schedule
d
Formulating of strategy 8 days Fri 04-
05-18
Tue 15-
05-18
Auto
Scheduled Making negotiation 4 days Fri 04-
05-18
Wed 09-
05-18
Auto
Scheduled Development of the contract 4 days Thu 10-
05-18
Tue 15-
05-18 3
Auto
Schedule
d
Forming term as well as
conditions 5 days Wed 16-
05-18
Tue 22-
05-18
Auto
Scheduled Antitrust clearance 3 days Wed 16-
05-18
Fri 18-05-
18 4
Auto
Scheduled
Evaluating customers and
competitors 2 days Mon 21-
05-18
Tue 22-
05-18 6
Auto
Schedule
d
Systematic candidate selection 22 days Wed 23-
05-18
Thu 21-
06-18
Auto Financial transaction 4 days Wed 23- Mon 28- 7

Scheduled 05-18 05-18
Auto
Scheduled Legal transaction 5 days Tue 29-
05-18
Mon 04-
06-18 9
Auto
Scheduled Testing and assessment 3 days Tue 05-
06-18
Thu 07-
06-18 10
Auto
Scheduled tracking behavior 5 days Fri 08-
06-18
Thu 14-
06-18 11
Auto
Scheduled Post evaluation implementation 2 days Fri 15-
06-18
Mon 18-
06-18 12
Auto
Scheduled Evaluating the customers 3 days Tue 19-
06-18
Thu 21-
06-18 13
Auto
Schedule
d
Implementing the project 5 days Fri 22-
06-18
Thu 28-
06-18
Auto
Scheduled Implementation the project 5 days Fri 22-
06-18
Thu 28-
06-18 14
Table 2: Gantt Chart

(Source: Created by author)
The nodal activities require a genuine plan or policy in order to assist feature risks along with the
activity improvements of time. This approach is important to evaluate and discover the aspects
where the project t is lacking in. It is also useful to provide a visual depiction of the project along
with a helpful way of discovering the aspects it is backward in. In this approach, activities are
neededin order to plan as nodes along with the separation into some variable factors. It is
imperious to describe the most appropriate time for beginning the project. Movement is also
involved in the procedure. Providing solution to the backwardness of the project results in the
excellent outcomes. The time required portrayed takes into consideration the maximum time that
may be required for their completion. However, they may be completed before that as well. It is
possible if the appropriate resources and factors are available for completing the task.
Cost Analysis of the project
Time-Phased Budget Data for acquisition of DEF Ltd.
Episodes Name of the Expense Expense
Amount
Accumulate
Expense
1 Development of strategy $4,200 $4,200
2 Legal as well as financial
transaction $2,925 $6,125
3 Tracking behaviour $3,350 $9,475
4 Testing as well as evaluation $1,525 $10,000
5 Implementing the project $7,000 $20,000
Total budget $53,800
Table 3: Cost Management
(Source: Created by author)