Singapore University Project Management: Objectives and Priorities

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Added on  2023/04/21

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AI Summary
This assignment solution analyzes the objectives and priorities of a project, specifically focusing on the launch of an FTL (Food Test Laboratory) project. The primary objective was to launch the project on July 1, 2019, coinciding with the Asia’s Food Safety Convention's Opening Day, which was successfully met. The project's priorities included launching the FTL project no earlier than July 1, 2019, and incorporating Fipronil testing. The solution details schedule changes, mainly due to the integration of Fipronil testing, which extended the project duration from 62 to 65 days. It also examines the contributors to cost overruns and provides lessons learned, such as the importance of proper planning, cost estimation, and considering potential delays. The solution suggests prioritizing the project appropriately and ensuring adequate resources to prevent task overload. Overall, the assignment provides a comprehensive review of project management aspects including objectives, priorities, schedule management, and cost control within the context of a real-world scenario.
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Project
Management
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Objectives and Project Priorities
(1)
The main objective of the project was –
To launch the FTL project on 1 July 2019
To coincide with the Asia’s Food Safety
Convention’s Opening Day
The project was able to meet all the identified
objectives. The figure on the right side indicates
that the project was launched on Asia’s Food
Safety Convention’s Opening Day
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Objectives and Project Priorities
(2) The priority of the project is as follows-
The FTL project should be launched no
sooner than 1st July 2019
The Project need to incorporate and extra
requirement of Fipronil Testing
The set priorities of the project was successfully
met.
The figure on the left indicates the schedule of
the project that involved launching of FTL
project on 1st July and Fipronil Testing.
Objectives and Project Priorities
(2)
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Schedule Changes
The FTL project, involved launch of
the Food Test Laboratory on 1st July
2019.
The change in the schedule of the
project was mainly because of the
incorporation of Fipronil Testing
The project was initially set to
complete in 62 days
But it took 65 days to complete
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Contributing Events of the
Schedule Change
From the figure in the left, it can be
concluded that increase of the number of days
for design program resulted in change in
schedule
The increase in in the days of design of test
program is mainly because of the
incorporation of Fipronil Testing.
Only peter had expertise to performed this
work.
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Cost Overrun and Contributors
of cost overruns
Certain cost overrun is observed in the
project
The Project exceeded the initial budget
mainly because of the increase in number of
days for completion of the project
The figure in the right indicates the cost
overruns of the project as generated from the
MS project.
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Lesson Learnt
The lesson learnt points in the project are as follows-
It is necessary to properly plan a project
Appropriate cost estimation is needed for managing a project in an
effective manner
Project Plan should consider slips and delays for better estimation of
the project cost
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Suggestions
The suggestions associated with the implementation of the project are as
follows-
Prioritization of the project in appropriate manner could have helped in
resolving the schedule issue
More resources was necessary to ensure that the project task load is not
on Peter
Fibronil Testing needed a more detailed change management approach
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