Project Management Report: TSK Bearings Limited Case Study

This report provides an analysis of project management practices, focusing on a case study of TSK Bearings Limited, an automotive industry firm. The report examines various project types, scope management techniques, and the utilization of Gantt charts for effective project scheduling and critical pa...Read More

MANAGING PROJECT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1. Various type of project and their reason. ...............................................................................1
2. Scope management with tools ................................................................................................2
3. Gantt chart and its critical path...............................................................................................2
..........................................................................................................................................................4
..........................................................................................................................................................4
4. various decision related with project.......................................................................................4
5. Managing success which is related to project.........................................................................5
6. Methods which are completing project on time and within the budget available...................5
TASK 2............................................................................................................................................6
Introduction about firm...............................................................................................................6
Outlining those activities which are useful for managing business. ..........................................6
Skills and competencies which is required by manager..............................................................7
Management process...................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................10

INTRODUCTION
In this competitive world there is a huge competition in between various companies to be
on top and they are taking various step to get stable at such position. It is quite tough for business
to maintain themselves on the higher level and for such they are bringing many new things in
their working criteria so that they can earn higher profit (Cusworth and Franks, 2013). Therefore,
there are various approaches and planning which has to be taken care in right prospect so that
firm can bring a effective decision and strategy to fight with competition in market and can earn
higher productivity as well. The report is based on TSK bearings limited, which is automotive
industry and starting doing trading in year around 1980. Hence, the assignment is going to
discuss about scope management and Gantt chart, and changes in management plan what
measure would be taken to complete the task on time.
TASK 1
1. Various type of project and their reason.
It help to make the things in right prospect so that chances of getting success can be
achieved. Although various project which is being opted by the company are as follows:
Construction project: Therefore, it is a responsibility of manager to determine the
project and the place where they can construct and target the person in right contrast. project
construction can be there with help of manufacturing tool and new and various appropriate
technology.
Recruitment and selection: Hence, to manage the various section of business a proper
workforce is required who can work in right manner. There are various places in company which
is blank and required to have a potential person to be there to manage the work in effective way
(Kandelousi, 2011).
Manufacturing: Firm has to produce the quality product and service so that the work can
be done in right format and this will lead the success of the company. To have an effective
working company goes to buy new technology a1. Various type of project and their reason.

2. Scope management with tools
Scope management is such which is being utilised in order to develop and manage the
project in right contrast(Pryke and Smyth, 2012). It is required to determine the scope of working
so that it can be easily promoted and this can be taken as various tools and sub division of scope
of work and it can be defined as:
 Planning scope: In this criteria of scope the planning is stated in correct format so that it
can create a base for working in proper manner.
 Project division: Although in this the project available with the company is being
divided into various division so that effective and time completion work can be there and
this has to be done in appropriate manner.
 Verification: Therefore, the verification has to be made in company so that proper
working can be there and it is also required to verify the essentials properly.
3. Gantt chart and its critical path.
Project Gantt chart is very required concept in organisation as because with this large and
complex project can be understood and appropriate can be done in company. For the effective
evaluation of work it is required to divide the work into various department so that work can be
completed on time and in appropriate frame as well. Although the Gantt chart helped the
company to make a evaluation of date and time schedule all such properly so that time allotment
for every work can be measured. Those task which is taking more time to get completed needs to
be taken special care for such work and needed to create effective and efficient policy and
procedure so that most time taken task can take minimum time frame to get completed (Lin and
Chen, 2012). Moreover, critical path is that which will help company to know which one is
longest and shortest path for working in organisation.
Name of activity Number of days Predecessors
A 5 days
B 7 days 1
C 6 days 1,2
D 4 days 2

E 2 days 3,4
F 1 day 5
4. Various decision related with project.
Moreover, it is very essential for the project to get evaluate with its success criteria. TSK
bearing has the various appropriate way through which it can be measured in proper manner and
such is as follows:
Schedule: For the evaluation of success format it is required to follow important aspect
schedule and time. Although it is very much needed thing to have a time schedule as this help in
completing the project within the time period stated. TSK bearing firm has the responsibility to
finish their work on time.

Customer satisfaction: This concept is very useful as well to measure the quality of
services in right manner(Chen, 2011). TSK bearing is that which can be provided to high quality
with new technology so that customer has to get satisfy.
5. Managing success which is related to project.
Sometimes, it is required to make changes in project scenario to meet up with the changes
in market and environment. This is required to manage the TSK bearing in their working criteria
so that effective and efficient working can be gained. Although the changes has to be identified
by manager so that according to such changes can be brought in business. Taking corrective
action and those step which is beneficial step which will help company to manage firm in correct
manner (Laudon and Laudon, 2015).
6. Methods which are completing project on time and within the budget available.
Those method which are associated with such are as follows:
Evaluation: It is important criteria to evaluate the factors of project which has to be met
properly so that benefit and cons get be identified efficiently. Although it is required to evaluate
to know whether the project is feasible or not (Loch, DeMeyer and Pich, 2011).
Monitoring: Project managers and various leaders has to make a regular monitoring on
employees to check whether the work is getting completed on time or not and in effective way as
well. TSK bearing has to do their work on right criteria so that effective in performance can be
seen.
Controlling: Therefore, this has to be there on work and different criteria by the manager
of company so that proper working can be there and this help in controlling business within time
and schedule.
TASK 2
Introduction about firm
TSK Bearing is basically part of automotive industry having a special association which lead to
manufacture industrial bearings. This firm gad a successful past as it operates in UK since 1980
and they are top suppliers in global market of car manufacturing material leading competitors.
company wants to establish their new side project having a revenue of £12 million pounds which
will include purchase of raw material, building of manufacturing site located directly off North-
East coast of England and they implements strategy of open to all weather conditions (Jonny

Klakegg and Haavaldsen, 2011). Employees are recruited by both ways as of internal recruitment
as well as external recruitment. This firm is fond of implementing new technologies for
achieving better results for different kind of projects as in year of March, 2018 for meeting with
customer expectations and fulfil their desires to provide better service. It help to make the things
in right prospect so that chances of getting success can be achieved. Although various project
which is being opted by the company are as follows:
Outlining those activities which are useful for managing business.
This includes various activities, skills and competencies of manager with definite process.
Training: It is necessary task to conduct for helping people grow and develop their skills
and capabilities through education and on-job learning. It provides an opportunity for growth of
employees as well as organisation. It makes employee career and personal development as
priority at workplace and motivate them to put more efforts for better performance. Firm need to
have regular training and learning programmes to manage manpower in a better way. Although
through training and development program people and employee learn new skill, knowledge and
ability which allow them to have an effective working in company so that firm can attain their
goal and objective in better manner. Training should be given in proper manner as this help
employee to learn various new thing and moreover such thing also help in their future as well for
effective working.
Determination of goal: Firm need to have well defined goals to focus in a particular
direction to make performance more effective and efficient (Lau and Rowlinson, 2011). Clear
vision will take a long way to ensuring its success as it is critical to define goals when project is
meant to achieve and make sure that everyone from key stakeholder to person who has most to
gain from its success to project leader and team members completely understands and agrees
upon project's vision and goals before project begins will help to make your idea in reality.
Determination of goal should be there in employees and top executive so that whole business can
work as one and increase in productivity can also be measured in perfect way. Top executives
has the responsibility to create a vision of achieving goal in better manner.
Evaluation of task: Roles and responsibilities should be well defined and assigned. It's a
huge waste of time for multiple people to do same task, so take some time up front to detail what
roles are needed exact responsibilities which projects team member need to fulfil (Aarseth,
Rolstadås and Andersen, 2013). Task should be assigned according to talents and strengths of

employees. Standard of policies, procedures, rules and processes to sub-ordinates will use to help
them be most successful in their assigned project. Moreover, evaluation of task is required
although this has to be done in right format as this help company to complete their task and
working on time. As, this also help company to earn higher profit and productivity also increases
in right manner and thus it also convert firm to attain their goal and objective of entity.
Communication: Communication is a medium which help company to effectively
interact with their employees so that top executives and managers can boost up their morale and
motivation in right contrast so that they can work in proper way. In other words, communication
is a medium which help people to exchange ideas, views and thoughts in correct format.
Communication although help to have an effective working as through interaction a proper
explanation of strategy and decision can be communicated to everyone and employees too. When
team is working to complete task or project then there is no need to communicate much but they
have positive interaction with workers. Firm should create an environment to identify kind of
messages need to be communicate and general topics have to address. They have to make sure of
conveying right message to avoid conflicts and reduce different kind of issues to utilise time and
resources effectively. Projects never failed regarding over communication but projects have
failed because information was not sufficient.
Feedback: Organisation need to organise feedback sessions which helps to identify
threat and problems of product and services so that they can improve by modifications or
implementing some new features (Eskerod and Huemann, 2013). Providing information about on
going status of their issues and requests so that let customers know about company is using their
suggestions. It creates trust factor amongst clients to become loyal for company. Feedback is
something which has to be there as because this help firm to to improve their working criteria in
proper manner and thus it also make company to make research before making any strategy and
decision as this help them to have an effective working. Moreover, feedback also help to bring
effective product and service which can provide satisfaction to their customer in perfect way.
Skills and competencies which is required by manager.
In the company, manager are those which has some skills and competencies which is
used by them in order to complete their task and work in efficient manner. Although it is a
essential gain of business and factors which in consideration properly is made so that increase in
working can be seen and target can be complete on time. Moreover, identifying changes may

also help in bringing changes in strategy and decision taken by senior executive in company and
can tailor services and things according to requirement only. Changes can be brought and it has
to include place and manufacturing as well to modernise the technology and changes
accordingly. TSK needs such manager who can take responsibilities to get the work done in
effective way and he/she can use their skill and knowledge in better manner (DeMarco and
Lister, 2013). Skill and competencies are those which ha to be there and posed by individual and
manager so that appropriate work can be done. There are various skills and competencies which
is needed for completing work in proper manner and thus those are as follows:
Communication: It is important aspect which is being used to complete the task and
project on time and in better way. The senior executive make various strategies and policy for
the whole organisation and for thus they have to make communication with the other department
of firm so that they can do their work in right contrast and effective working can be seen.
Communication is the base for entity to complete their working in correct way and utilisation of
resources can be there. Through communication a entity can develop motivation and enthusiasm
in employees so that they have to get their working in right prospect.
Leadership: Leadership is such which help company to direct employees to work in
right direction so that effective working can be seen. Moreover company and leaders in
organisation uses various leadership style which make them to manage and handle different
situation in company so that smooth functioning of working can be seen. Leaders make their
employee committed towards their task and motivate them to complete their task on time. This is
the one of the major concept of company and somewhere such criteria in organisation help
worker to motivate and encourage to work in right manner. Managers should have an leadership
skills so that they can lead every member of staff in right manner. Although the leaders are born
not made, leadership help in solving various issues and problems in company (Jerbrant and
Karrbom Gustavsson, 2013). TSK bearing and leaders has to be there so that followers can work
in right way and entity can attain their goal and objective in correct way. Leadership skill in
manager has to be used in proper manner and right direction of work should be there so that they
can work, properly.
Team building: It is required by TSK company to build a team in their firm so that
effective working can be done. Working in team help firm to get the work done in proper
manner. Woking in team help to reduce redundancy in work and this make firm to work in

coordination as well. Coordination and collaboration should be there in company so that
employees and manager of entity cam work in team and best result can be gained and goal and
objective can be met. Team building also help company to reduce the nature of conflict in firm
so that they can have a efficient working, team work also help employees to come and meet with
each other and acquire some knowledge about each other so that they can work as one and
somewhere with this kind of work a proper task completion can be seen.
Risk management: Organisation has to make various policy and procedure to face the
risk criteria in company. Risk affects the firm in various ways and for such management of firm
has taken various steps to manage such and overcome the risk. Although the risk cannot be
eliminated by overcome through strategies and decision(Bosch-Sijtsema and Henriksson, 2014)..
The industry staff teaches their employees to face risk as challenge and work according to
strategy so that effective working can be done. Risk management is also an skill which has to be
kept by manager for longer and it should be done ethically so that nothing can become hurdle in
between working of organisation and achievement of goal and objective can be there.
There are various role which is bing played by them in the company and some of those
are as follows:
 They are responsible for getting the work done in proper manner and within time as well.
 They are responsive for dividing the work into various department so that effective
working can be seen and attainment of goal and objective can be there.
 Managers are committed towards there work in correct format and they have to complete
their work within time format scenario.
 They are responsible and role he/she plays is for providing the right direction to complete
their work.
 The budget has to be made before doing anything in company. Budget is the base of any
activity in organisation. Overall, work has to be done in within budget as well so that
effective response can be seen.
Management process.
Therefore, every business has the process which is being followed by the managers in
right criteria to complete their working and this is that which is suitable for better outcome to get
accomplish the goal (Phillips and Simmonds, 2013). There are various types of project which
needs to be evaluated in proper manner so that implementation of task can be done in correct

format and it could be promoted as well. The company TSK bearing manager has to effectively
follow the processes to gain advantage of estimated process and those are as follows:
Planning: This is the one of major consideration as planning has to be made by
companies to attain their goal and objective. Planning is that which include all such criteria as
cost, scope, time and project and somewhere this is being used by the business manager in
effective manner. Planning is not a easy task and this include a lot timing, although with this
appropriate working with successful implementation of project has to be there in right manner
and the whole project.
Execution: This has to be done in right manner, although this thing has to be
implemented in appropriate mannerism so that working can be done in right format. TSK bearing
frame has to be done in correct format and thus it leads to have an proper working. All such thing
as such which make to have an effective and proper chances of successful task completion also
get enhanced and it can be done within time period as well (Müller and Jugdev, 2012). Although
with such thing efficient training is provided to their employee so that they can work in right
context and they will be able to handle and manage the machineries and technology in correct
way.
Control: Process and other task of company should be in control so that the work can b
done in right mannerism. Control of budget and completion of task on time make company to
attain their objective in correct format too. TSK company and their manager make an proper
control over work and such thing task consent so that effective productivity can be done. In the
firm various things are there which has to be controlled and thus control of various things like
hurdles and working criteria in important task in entity so that effective and efficient working.
Control is useful in this corporate world. TSK bearing is that which managers and appropriate
control and working can be there and better result can be taken out in efficient way.
Closing: Moreover, it is required to check all the needed and demanded concept is being
done in proper manner or not. Closing of project has to be there in effective manner so that it can
be done in before time. Managers needs to close their task in right per-forma so that work can be
completed on time. Closing of task is very important aspect as mainly quality is dependent on
starting and ending of work as because normally customer do in start and the end. Closing
scenario has responsibility to complete their task in right manner so that company can attain their
goal and objective.

CONCLUSION
From the above report it has been concluded that, management of projects should be done
in effective manner and thus monitoring help to get such in proper manner. Project done in right
manner help firm to attain their aim and objective. If project is implemented properly then the
evaluation should be done in right way. Although it is important to evaluate all the points so that
appropriate changes in minor or major can be made. Although this lead to have an effective kind
of working so that project also gets promoted with such step in company. For completing the
project various tools and techniques used with budget. Further more the firm has used various
methods to complete the task in given period of time. Therefore, changes has to be identified so
that completion of project can be there. For such scenario, TSK bearing make changes internally
to adjust the place and sometime make recruitment to select the better one.

REFERENCES
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