Holden's Project Execution Planning and Management: A Detailed Report

This report examines Holden's project execution planning and management, focusing on project delivery systems, financial contract types, and procurement methods. It begins with an introduction to project planning and its importance, highlighting key elements such as detailed project plans, resource schedules, quality procedures, and risk management. The report then explores Holden's project delivery system, including fixed pricing contracts, cost-plus contracts, design and construct contracts, and project management agreements. It delves into financial contract types, covering Eurodollar futures, exchequer futures, swapping futures, and commodities futures like metals, energy, grains, and livestock. Finally, the report analyzes procurement methods such as open tendering, restricted tendering, request for proposals, and two-stage tendering, concluding with a summary of the findings and their implications for Holden's business operations. The report provides a comprehensive overview of the critical aspects of project execution, financial management, and procurement strategies within the context of a global automotive manufacturer and distributor.

Project Execution Planning
and Management

Table of Contents
INTRODUCTION...........................................................................................................................1
ASSIGNMENT................................................................................................................................1
Project delivery system...............................................................................................................2
Financial contract type................................................................................................................3
Procurement method ..................................................................................................................4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Planning is the big task for manager of project to perform several activities in crucial
manner. In this way, work must be carry smoothly for manage proper work. Further, it is also
essential element which touched in several types of knowledge areas that started from integration
of quality and human resource to procurement (Nicholas and Steyn, 2017). In this context,
present report based on the business case of Holden which is global manufacturer and distributor
of auto mobiles parts. For gaining insight knowledge of company it mainly covers the system of
delivery of project, contract type of finance & the method of procurement.
ASSIGNMENT
Planning the project execution is helpful to expand the business plans through
specifically work on the day to day activities and creating control panel in it. It also undertakes
several responsibilities of the project team with including its stakeholders (Braglia and Frosolini,
2014).
Detailed project plans: In this element, project plan need to be include detail aspects
that help to execute several things in effective manner. With the help of setting plan in Holden,
they can accomplish goals and objectives in systematic way.
Resource schedule: There are several resources implemented at workplace that assists to
accomplish goals and objectives in systematic way (Dybå, Dingsøyr and Moe, 2014). There are
different types of resources has been implemented according to the goals.
Quality procedures: In the quality procedures, there are different types of elements
implemented that make qualitative results in products and services.
Reporting procedures: Reporting procedures includes review of activities that required
to accomplish effective results in business (Jeston and Nelis, 2014).
Product purchasing and development plans: In the product purchasing and developing
plan, there are effective elements need to be included that make successful result in the chosen
business.
Risk management planning: In the last step, risk need to be assess that occurs in the
planning process. Therefore, it will help to accomplish goals and objectives in systematic way
(Rees-Caldwell and Pinnington, 2013).
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Project delivery system
Project delivery system is systematic approach which is used by the company and
ownership to organizing and design financial, manufacture, operations to maintain serviceability
in constructing facilities that creating through entering in legal legislations in one or more than
one entity. Holden deals in global market as manufacturer and distributor of motor vehicle,
engines, etc. (Hwang and Ng, 2013). Neglect to the success of Australian market, Holden
competes at global stage in which they certainly require moving in leadership of higher plane &
collaboration. In this aspect, project delivery system includes several ranges of contracts that are
attractive types to particular civil engineering project. It can be classified in several kinds of
project delivery system which are as follows:
Contract of Fixed Pricing: In this type of project delivery system, Holden can take fixed
price contract. It is the traditional form of construction contract which has general operations in
this kind of contracts that require contractor to frail on (Wang, Weng &Chen, 2014). They
consume relation from the pricing of works which is irrespective to the actualisation of the cost
of work and entitled to agreed between parties to commence the work. However, fixed price
contract is contract that takes risk for ultimate price so that parties are agreed to pay for contract
sum.
Positive Cost: Critical feature of the positive cost contract is that it has no hazard as to
the outlay which bear by the contractor. Constructor and their principle admit at the time to enter
into the commitment in which Holden performs to do work as per actual cost (Braglia and
Frosolini, 2014). Contract also usually provide and verify to assess cost of work which charged
under the contract. Nature of cost plus contracting is to agree to perform work on the basis of
actual risk as the final cost which borne by the principal.
Design and construct contract: Designing and construction of the contract requires frail
on the work which describe in the design concise. Tender is not only for the construction to work
that describes design brief. It also completed designing in detailed which is consistently in
concise manner. There are several numbers of constructive logics which give suggestion for
contracting likely to reduction of entire cost of construction to principal (Dybå, Dingsøyr and
Moe, 2014).
Project management agreements: A project management agreements is the principal
contracts which is not the construction project. There are interminable varieties of available
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project managing the contract, there are several kinds of elements has been implemented by the
contractor. Different kinds of functions are performing by the project manager which are
harmonious to agreements of project management. It specifically includes designing and
acquisition on the favour of principal. Essential features of managing the project agreements is
that the works to be performed that are necessary for management services.
Financial contract type
Financial future agreement is the kind of cognate and contraction of finance in which two
persons are agrees to make systematised agreement on stated date at stated rate. Commercialism
future also called as the marine commercialism (Jeston and Nelis, 2014). In Holden, following
are different types of financial and commodities future develop:
Futures of Eurodollar: The future Eurodollar are currency of U.S. Dollars which
accumulate outside the nation in commercialised banks. They are not guarantees by any kind
government laws and regulations but accountability of the banking institutions not holding them.
This type of future contract determines obligation of the bank which is not ownership by Holden.
Future of Exchequers: Currency of U.S. Dollars reserved for most of the nations.
Durability of the dollars allows for exchequers future marketing and instrumenting which
includes billing & bonds etc. These instruments determines in the chosen business for developing
their effective outcomes.
Swapping and substituting futures: It is a generalised agreement that enclosed between
two persons that exchange of periodically interest payments (Types of Eventual Contracts, 2017).
In such a way, Holden can make their contract with other party to exchange periodic interest
payments.
1. Eventual of Foreign government debts : The most of ministry issues liability
coincides to market of futures which are categorised around the world. That
assists to Holden to make their interest payments.
Types of commodities futures
There are following kinds of future commodities explains:
 Metals: The major native rock commutated with future agreements which usually
include gold, platinum, palladium, copper (Braglia & Frosolini, 2014). These items are
categorised in the mercantile exchange of New York which is merged with other
Exchange of Mercantile.
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 Energy: The most popular energetic future contract usually includes natural gas, heating
oil & crude oil. It is important to indicate world economic and political development
which influence through producing effective results in different nations (Nicholas and
Steyn, 2017).
 Grains and Seeds of Oil: Grains also known cereal usually includes seeds of oil &
soybeans are important for suppliers of food & feeds. Weather and the economic
conditions are based on the sensitivity of price which affects to demand. Chestnut is the
element which enhance demand of ethanol fuel. In order to deal in these types of
commodities, Holden has opportunity to enhance their revenue through deals for demand
fuel.
 Livestock: Commodity futures are usually on the lean hogs, pork bellies, feeder cattle &
live cattle that are commodities which traded on CME group increases in prices will
affect to the enterprise by consumer demand, competing protein sources, etc.
Procurement method
The methods of acquisition are the most effective agenda that are majorly used for
procuring then entity which aquae for working style, goods & services. The Methodology can be
competitive and non competitive in nature. In Holden following systematised methods can be
used in the business:
Open Tendering: Open tendering is the element which is calligraphic for allows the
business to bid for their products are in open competition (Jeston and Nelis, 2014). Open
tendering requirement call for the business:
 Advertise the products in local market.
 Technical specifications of coherent & unbiased.
 Open to all bidders which are qualified.
Restricted tendering: In this aspect, places the limitation on the amount in which,
suppliers & service provider can easily sent the tenders. This is the process of selection for
Holden which sometimes referred for selective tendering (Braglia and Frosolini, 2014).
Request for proposals: In this way, request require for proposal term which is used by
overall the business world. Social media management people receiving it from the appropriate
client always to seek for the new manager. This different kind of proposal is unique and
compiling in nature for documentation. Within the Holden procurement teams are often can be
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the best hunt for the appropriate value, markable items which is most valuable in circulation.
(Dybå, Dingsøyr and Moe, 2014).
Tendering which are based on two stages: There are basically two systematised
procedures that used for the method which are based on two stages. Holden need to adopt each
one which has two stages. It has disadvantages for some essential procurement teams. If there
may be a time limit for secure contracting, so that opinion is more flexible for both parties.
Firstly the procedure is very similar to Methodology of RFP system which focussed for effective
results. The team of procurement receives the overture with two envelopes. Secondary procedure
is like the above alternately submission of bidder which completed by technical proposal. The
technologically & methodologically specifications are included in full amount. (Nicholas and
Steyn, 2017).
CONCLUSION
From the above report, it can be concluded that in the project execution and planning
management create effective results to make successful results. In this aspect, case study has
been taken from Holden. It assists to make effective results in the enterprise for ascertain profits
and revenue. Furthermore, report summarized about three major deliverables such as the delivery
system which are based on certain projects, contract which are based on finance & methodology
of procurement.
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REFERENCES
Books and Journals
Braglia, M. and Frosolini, M., 2014. An integrated approach to implement project management
information systems within the extended enterprise. International Journal of Project
Management. 32(1). pp.18-29.
Dybå, T., Dingsøyr, T. and Moe, N. B., 2014. Agile project management. In Software project
management in a changing world (pp. 277-300). Springer Berlin Heidelberg.
Hwang, B.G. and Ng, W.J., 2013. Project management knowledge and skills for green
construction: Overcoming challenges. International Journal of Project Management.
31(2). pp.272-284.
Jeston, J. and Nelis, J., 2014. Business process management. Routledge.
Nicholas, J. M. and Steyn, H., 2017. Project management for engineering, business and
technology. Taylor & Francis.
Rees-Caldwell, K. and Pinnington, A. H., 2013. National culture differences in project
management: Comparing British and Arab project managers' perceptions of different
planning areas. International Journal of Project Management. 31(2). pp.212-227.
Wang, W. C., Weng, S. W. and Chen, C. Y., 2014. Integrating building information models with
construction process simulations for project scheduling support. Automation in
construction. 37. pp.68-80.
Online
Types of Futures Contracts, 2017. [Online] Available through:
<http://www.opf.com.my/education/futures-learning-resources/basic/types-of-futures-
contracts/>. [Accessed on 22nd September 2017].
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