Project Scope, Cost & Risk Management: A Case Study of Three Projects

Desklib provides past papers and solved assignments for students. This project analyzes cost, risk, and stakeholder management in three projects.

Project Scope andCost Management
For
Air conditioning project
Sydney Opera House Project
Digital Signage Project


 Cost management of the number of project
development
 Air conditioning project
 Sydney Opera House Project
 Digital Signage Project
 Retrieve the challenges for cost management
 Create a plan for communication and
stakeholder management
 Retrieve challenges for quality and risks
management
Introduction


 These three projects must follow four steps for
cost management
 Resource planning
 Cost estimating
 Cost budgeting
 Cost control
 These four steps are playing a key role in
completing the project in a given budget.
 It will cover the whole life cycles of these three
projects.
Cost Management
of Projects


 The scope of projects must
be managed in a proper
manner such as budget,
goals, resources etc.
 Define the needs of the
project
 Understand the objective
of projects
 Monitoring and Controlling
of projects
Scope
Management of
projects


 The numbers of challenges
are faced by the “Air
Conditioning” project.
 These challenges are:
 Cost accounting in an
effective and proper manner
 Select the appropriate
design for the project
 Forecasting and budgeting
effectively
 Schedule the cost
Challenges for Cost
management


 The numbers of challenges are faced by the
“Air Conditioning” project for quality
management.
 These challenges are:
 Not implement the good design
 Not implement QMS
 Not setting up a suitable design
 Not enough attention for project’s needs
 Implementing proper quality management of the
project
Challenges for
Quality
Management


 The “Opera House” is facing numbers
stakeholder management’s challenges.
 These challenges are:
 Manage expectations
 Communication among all members
 Ever changing the situation of project
implementation
 Build the trust of each member of the project
team
Challenges for
Stakeholder
management


 The numbers of
recommendations are providing
which can be used by “Opera
House” project.
 Use the proper communication
 Use power grid
 Motivate the stakeholders
 Must manage the expectation of
stakeholders
 Create a proper agreement.
 Keep all information in document
format
Recommendation


 The “Opera House” is
facing numbers project
management’s
challenges.
 These challenges are:
 Insufficient skills of teams
 Improper type of
communication
 Improper risk
management
 Issues or problem within
the team.
Challenges for
Project
Management


 The numbers of recommendations are
providing which can be used by “Opera
House” project.
 Keep detail information of each phase
 Create proper documentation
 Provide the changes before the development
 Provide each and every information for cost
management
 Use good risk management method
Recommendation


 “Digital Signage” project is creating for digital
communication.
 It is facing numbers of project scheduling’s
challenges
 Create a proper plan of hardware and software
installation
 Implement the proper installation
 Estimate the cost of a large project.
 Manage the cost of the project
 Manage change
Challenges for
Project Scheduling


 There are numbers of resource
allocation’s challenges for
“Digital Signage”.
 Planning, resources capacity,
and deadlines
 Not optimize the resources
 Project completion at the time
 Manage the implementation of
the project
 Completion of project within a
given budget
Challenges for
Resource
Allocation