Project Management: Executive Summary, Methodologies & Risk Assessment

This document presents a comprehensive project management report, starting with an executive summary that outlines the project's scope, success criteria, and work definition. Focusing on Transport for London (TFL) and their project to construct land along Bollo Lane to create over 800 new homes in Acton, the report delves into various project methodologies, including Agile and Waterfall, and their applicability to the project. It includes a Gantt chart and network diagram for scheduling, a stakeholder analysis categorizing stakeholders by power and interest, a Work Breakdown Structure (WBS), and a risk assessment identifying potential risks and mitigation strategies. The report concludes by emphasizing the importance of project management techniques, risk mitigation, and continuous market research for ensuring the project's success and maintaining a positive brand image.

Project Management

Executive Summary
The project scope, success criteria, defining project work etc. is all together components of project management. In the given
report document project information is being presented being a consultant. Provided document derives with list of project activities
which is to be undertaken in the given project and also engages project operations in the most efficient manner.

Table of Contents
Executive Summary.....................................................................................................................................................................................2
Introduction..................................................................................................................................................................................................4
Main Body...................................................................................................................................................................................................4
Task 1...........................................................................................................................................................................................................4
Methodology............................................................................................................................................................................................4
Task 2...........................................................................................................................................................................................................5
Gantt chart and network diagram ............................................................................................................................................................5
......................................................................................................................................................................................................................8
Task 3...........................................................................................................................................................................................................9
Stakeholder analysis.................................................................................................................................................................................9
Task 4.........................................................................................................................................................................................................12
WBS.......................................................................................................................................................................................................12
Task 5.........................................................................................................................................................................................................13
Risk assessment.....................................................................................................................................................................................13
Task 6.........................................................................................................................................................................................................15
Conclusion.................................................................................................................................................................................................15
References .................................................................................................................................................................................................17

Introduction
Project management is regarded as an effective technique through which project operations can be performed in the most
effective manner. The given techniques provides with effective standards of working in the corporate firm which further enhances the
productivity of the project institute and ensure long term existence in given operational markets (Veretennikova and Vaskiv, 2018).
For the given report document, operational working at Transport for London which is commonly known as TFL will be taken into
consideration. Reflecting to the given scenario, provided organisation is contracted to construct Land along with Bollo Lane with
respect to create more than 800 new home in Acton. Further, in the given document, illustration of project methodologies, network
diagram, stakeholder analysis, WBS and risk assessment is being highlighted (Bushuyev and Verenych, 2018).
Main Body
Task 1
Methodology
Being engaged in the project which relates to undertake construction of road projects with an aim to create greener, safer and
attractive streets in London. In support with this project an event will also be organised which will be aimed at celebrating the 40th
operettas of playwright William G. Gilbert and composer Arthur Sullivan. For performing the related activities of the project use of
various methodologies can be taken into consideration. Following are the project methodology which takes considerations of project
activities and several other factor in relation to the allotted project (Carstens and Richardson, 2019). Agile: The provided methodology takes considerations of dividing specific task of the project firm and ensuring completion of
task in the most effective manner. Said methodology simplifies the market complexities and develops better understandings of
project market under which effective project management strategies can be taken place. In relation to the given scenario,
Transport for London is taking initiatives to construct the road with respect to create more than 800 new homes in Action
(Kononenko and Lutsenko, 2018). Along with this, constraints including greener, attractive and safer streets development is to

be considered also by focusing on improving the bus network across London. Therefore, given methodology is best suited for
the given project, as it would simplify the burden of project work and will engage project activities towards attainment of
desired objectives and goals (Kerzner, 2019).
 Waterfall: For this methodology breakdown of project activities into linear sequential phases is being performed reflecting to
attainment of specialisation of work being done in the project firm. The given methodology takes considerations of
stakeholders being involved in the given project and defines effective basis of working in the project firm. In regards to the
given project, managers intend to execute project activities keeping in mind good interest of their stakeholders and also
develops effective standards for enabling long term existence of the project industry (Hillson and Simon, 2020).
Task 2
Gantt chart and network diagram

The above diagram is prepared through underneath basis
Early Start Activity Number Early finish
Slack
time
ACTIVITY NAME
Late Start Duration Late Finish
Task 3
Stakeholder analysis
Stakeholder analysis is a term that reflects towards monitoring behaviour or performance of individual stakeholders of a given
organisation to regulate effective working in a project firm. Management of stakeholders plays a vital role in ensuring good working

environment and functioning of the project firm. This further ensures effective implementation of project plans and also allows
corporate firm to derive flexibility in its approach towards attainment of desired goals and objectives (Momeni, Yaghoubi and Aliha,
2019). Moreover, by performing stakeholder analysis sense of effective communication strategy in the organisational firm can be
established and project managers could effectively monitor performance of the project firm while engaged in a specific task or
activity. In relation to the given project undertaken by TFL, project managers have categorised their stakeholders on the basis of their
interest and power (Errida and Lotfi, 2020).
 High power, high interest: Under this category, stakeholders having high interest in company's operations with high power or
authority given for managing operations in organisational firm are being classified. For the given context of TFL,
contradicting to current project requirements investors for the given project are being classified under this category of the
matrix (Goldthorpe and Avignon, 2021).

 High power, low interest: For this category, stakeholders having low interest in company's operations with high power or
authority given for managing operations in organisational firm are being classified. In relation to the given project, project
clients are to be categorised under this segment (Friday and et. al., 2018). Low power, high interest: In this category, stakeholders having high interest in company's operations but with low power or
authority given in managing operations in organisational firm are being classified. For the given segment of the matrix,
suppliers of raw material to the project firm is being categorised (Sirisomboonsuk and et. al., 2018).
 Low power, low interest: In mentioned category, stakeholders having low interest in company's operations with low power or
authority given in managing operations in organisational firm are being classified. Reflecting to the provided project,
stakeholders such as internal users, reception desk is being followed in the category of low interest with low power give
(Fewings and Henjewele, 2019).

Task 4
WBS
Budget Approval Music Advertising Develop an
Advertisement Plan
Train Production
Crew
Performance
Director Approval
Department
approval
Hire Orchestra
Manager’s concern
Hire publicity
Director
Use of digital
techniques
Marketing tools
Hire set designer
Set designed and
buit
Cast rehersel
Advertisement
media
Cocern of
marketing manager
Performanace
management
techniques
Training and
development
Main activities