Project Management Report: Analyzing Automation Future Projects

This report provides a comprehensive analysis of project management principles, using the Automation Future case study as a basis. It delves into the importance of various parameters within the 'iron triangle' (scope, time, and cost) for setting project objectives and ensuring successful project completion. The report includes the formulation of network diagrams for project planning and execution, as well as the use of Gantt charts for tracking progress. Furthermore, it examines earned value analysis and acceleration techniques for managing project progress and spending. The case study focuses on an organization involved in technology contracting, product/software development, and consulting, specifically highlighting its automation units and the establishment of new products to meet client needs. The report also includes a reflective analysis and conclusions, providing a holistic view of project management in the context of the Automation Future scenario.

Fundamental of Project
Management

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................4
PART A...........................................................................................................................................4
Question 1........................................................................................................................................4
Importance of various iron triangle parameter is setting overall project objective................4
Question 2........................................................................................................................................9
Formulation of network diagram............................................................................................9
Overall project and budget...................................................................................................16
PART C..........................................................................................................................................17
Managing progress and spending.........................................................................................17
(a) Using of Gantt chart to determine planned progress for each task.................................17
Actual progress value...........................................................................................................19
Question 4......................................................................................................................................20
Earned value analysis and acceleration................................................................................20
PART B..........................................................................................................................................23
Reflective analysis................................................................................................................23
CONCLUSION..............................................................................................................................24
REFERENCES..............................................................................................................................25

INTRODUCTION
Project management is defined as an effective process that leads an organisation to
perform their work in team. The main motive for formulating work according to project
management is to accomplish organisational goals to meet with success criteria in a specified
time period. Project management aids to complete all project tasks in decided time period and
budget by formulating accurate parameters and step for project. Moreover, this report is based on
Automation future which performs and managed their work in the technology industry. The core
functions of respective organisation are technology contracting, product/software development
and consulting. Further, company is well-known for its automation units and the establishment of
new product for satisfying the needs of different clients (Allen and Iano, 2019). In this report
different aspects such as importance of various parameters in establishment of overall project and
its objectives are highlighted. Along with this planning and cost related with project will also
include in this report. In the last, project report highlights on earned value analysis and
acceleration that helps to complete project by using right data and information.
MAIN BODY
PART A
Question 1
Importance of various iron triangle parameter is setting overall project objective
Project manager are responsible for formulating plans and then implement them for
accomplishing company objectives and goals. Along with this project manager are also
responsible for investigating different parameters that leads business to complete overall project

with more efficiency (Anbari, 2018). Projects plans are developed by manager or organisation for
inter-relating different activities that leads business towards accomplishment of company
objective. In the context of respective case study there are different aspects or parameters exist in
business such as deciding the target price for delivery of organisation plant and if the price for
organisation is changed amount of is shared by client either it is less or more. All of the
department that are engage in automation futures leads to decide right price which is related with
cost of delivery. This is also leading organisation to set and develop different perspective which
generate better coordination between clients and company.
Project objective
 The objective of automation future define that there are various task performed by
management and all of them are completed within decided time period.
 Another objective of business is to analyse different perspective in which application of
organisation make positive results for management by completing task with more quality.
 The last objective is to link different all parameter with each other through which
individual are able in managing their work properly.
With the analysis of overall case study it is identified that the main objective of
organisation relates with completion of project within decided time period. This refers there are
various operations performed by management and most of them are considered towards use of
parameters which satisfies needs and wants of customers in an accurate manner (Dykstra, 2018).
Along with this it also defines automation of plant process take time period of more than one
year. The first parameter relates with target price for delivering of automation plant and most of
them consider that due to change in company process it is easy to work in an appropriate manner.
This also defines individuals are focused for managing different task which helps to deliver all
project by entitling all aspects that make better possibility for completing task with the target
price. In context of automation plant delay there is penalty which is impacting on business and
also reward is provided for completion of task in an organised manner. Similarly, all parameters
which is defined in case study in linked with each other and it is because persons are more
focused to do all task with making right automation and coordination between activities. Like,
target price of organisation relates with cost of delivering the products. Both of them inter-relate
with each other because it is essential for management to complete project in decided budget and
it relate with delivery cost because if cost raise with 5% than it is the responsibility of

Automation future to bear the additional cost. Further, is cost exists more than it is split between
client and company (Galli, 2018). It leads by coordinating between both of the departments
organisation is able to complete its task with more efficiency. The change in calculation defines
person are focused towards damage because it engage early completion of work like, to complete
project on time. But it is also complex for management because it is related with business and
undertakes that the excess pressure of delivery products on time periods impacts on quality of
business. So it is mandatory for management of Automation future to select methods such as
benchmark which leads to achieve company goals in an accurate manner by defining aspects
which is positive for organisation.
Risk Impact if
risk occur
Cost of
occurrence
Probability
of occurrence
Expected
value
Mitigation
plan
Responsible
person
Change in
design
The first
risk which is
faced by
management
is the
change in
design
process. As
demands for
individuals
are too
dynamic. So
in context of
business if
risk occurs
that cost of
products is
highly
impacted. It
The cost to
manage the
risk and all its
aspect defines
automation
future more
challenges
because it is
impacting on
organisation
also on
enhance cost
of business by
changing its
needs.
Probability to
occur
different
perspective
defines that
individuals
are facing
challenges but
risk for
change in
design is too
less because
manufacturing
units defines
the work with
related design
industry of
train.
The
estimated
budget for
completing
the project
is 58.50
million so
risk value
is also high
as it is
major part
are most
costly.
There are
different
plans exists
in business
but the
change in
company
policy
reduce the
mitigation of
plan because
existing plan
is
formulated
in an
organised
manner.
Top
management
is responsible
for
implementing
changes that
exists in
organisation.
The reason
for this
aspect
defines that it
is a costly
project. So
directors
monitor
project
directly.

creates issue
for
organisation
to manage
work due to
which AF
and client
both are
impacted.
Defect in
electronic
component
It defines
that the
change in
electronic
chip
generates
complexity
for business
to operate in
proper
manner.
The risk cost
for change in
electronic
chip directly
reduces
company
process and
systems.
Probability to
change in
electronic
chip is high
because this
directly
reduces
company
efficiency.
Value
which is
related with
business is
low
because of
using
affordable
quality
products.
In context of
mitigation
plan
electronic
chip are not
changed
because it is
related with
system.
Electrical
department is
responsible
making
changes in
plan.
Government
regulation
With the
change in
place rules
formulated
by
government
is also
changed. So
it is a risk
aspect for
AF.
On other side,
if occurrence
of this risk
exists than it
is not possible
to trade in
country such
as high tax on
software.
Impact on
cost
probability is
too low as
government
are in
authority to
control tax.
Value in
the
business
defines that
AF follow
all rules
related with
government
rules.
The aspect
for
organisation
considers
that
mitigating
plan also not
able to
manage
government
related risk.
Research
department
and board of
directors are
responsible
for analysing
macro
environment.

Structure Major risk is
related with
company
structure it
defines that
change in
company
policy.
The major
cost which
relates with
business. In
this task are
related with
business.
Probability of
risk related
with structure
is moderate
because
structure is
decided by
client and
company.
The value
cost for
structure is
too high
because it
is engage in
all
operations.
Plan which
is related
with
business
structure are
expensive to
work.
Project
manager is
responsible
for
formulating
and defining
structure.
Target or
deadline
All project
which is
completed
by
management
define must
be on time.
It is a risk
aspect for
company as
if it occur
than penalty
is charged
by client.
Cost to
complete task
relates with
manufacturing
as both
rewards and
penalty are
provided by
client.
There is high
probability for
this risk
because delay
in first step
impacts on all
further action
of company.
In this task
business
aspects
which are
included
identify
perspective
that
concept
impact on
company
value.
For
mitigating
plan risk are
covered by
management
for
organising
functions in
an accurate
manner.
The
responsibility
related with
supervisor of
each
organisation.
Ineffective
production
line
There are
different
changes
identified by
AF. If risk
occur than it
directly
impact on
Cost is also
high for
company to
change as it
impact on all
valuable
aspect for
business.
There is more
probability to
change in
production
because of
dynamic
environment
and client
Value to
implement
production
line
consider
high cost
for
business.
The change
in company
plan
provides
challenge as
it is complex
to mitigate
plan
Manager and
supervisor
are
responsible
to manage
production
line on daily
basis.

production
line.
requirements. regularly.
Availability
of product
If the risk
related with
product
availability
is high than
cost of
business is
directly
impacted.
Cost which is
related with
business
define that
change in
company plan
also impact on
business cost.
Automation
sector require
huge
investment.
So probability
of risk is too
low.
The initial
expected
value that
relates with
business
risk start
from
10million.
Plan related
with
mitigation
undertakes
perspective
so it is not
complex to
formulate.
Resource
allocator is
responsible
for
understand
risk of
product
availability.
Automation
in functions.
With
perspective
of company
all process
is develop
with
automation
so it create
complexity
for
individuals
to
understand
if it
changed.
Cost for
automated is
too high that
defines
business
aspects are
hard to
achieve.
Probability
for business is
too high it is
because each
organisation
adopts
automated
system.
Value for
current
project
automation
is estimated
about 25
million.
There is less
possibility
for
mitigating
plan because
automation
is necessary
aspect for
organisation.
Technical
and HR
department
both are
responsible
for
coordinating
among
individual
and
technology.
Question 2
Formulation of network diagram
The term network diagram refers to a geographical portrayal that undertakes different
activities and events related with project. This also defines that with formulation of right diagram

it is easy to demonstrate business activities. Automation future utilise network diagram for
completing task with desired steps.

Project
initiation
and design.
To design
automated
equipment.
Outline of the
design
inverter
product.
“Detail design of
factory”.
In-depth detail
of automation
unit.
Software
automation and
equipment.
Manufacture of
automation unit. Modular factory
units
Test of
automation
units.
Establishments
of modular units
in Germany.
Test and install of equipment in new
factory to ensure that all units are
working in proper manner.
Software for
inverters and
production
lines.
Test of inverter
production
line.
Handover and train the
engineer of TTF for
managing automation
process easily.
Closing the
project.

In the network there are all essential steps which are related with production units and
completion of project is included. This defines there are various operations performed by
management and this is because Automation future are constantly manage the operations to
deliver good quality of project (Haq and et. al., 2018). In context of above diagram the coloured
object and shape highlight test which ensure project is completed in an accurate manner. Along
with this another perspective defines that due to high involvement of funds it is essential for
organisation to work with more efficiency. On other side, the TFF provides complex project with
decided target. Therefore, to obtain more efficiency it is compulsory for organisation that
management complete all task in an appropriate manner for closing project successfully in
Germany.
Gantt chart- The term Gantt chart explains the series or sequence of horizontal lines that
demonstrate work and steps which is done to achieve company goal. Similarly, it also represents
time taken by Automation future to complete their activities in an appropriate manner.