Project Planning for 4Com Plc: SMART Objectives, Phases, Tools

This project planning assignment focuses on the relocation of 4Com Plc and the establishment of its operations in Kennington. It begins with an introduction to project planning and the use of schedules and activities to achieve goals. The assignment then delves into SMART objectives, explaining the specific, measurable, assignable, realistic, and time-related criteria. It further explores project phases, including initiation, planning, execution, monitoring, control, and closing. The report also covers scheduling tools such as Gantt charts and network analysis, and includes a project plan and a risk assessment. The assignment concludes with a discussion of the steps involved in risk management, from identification to monitoring and review, supported by relevant references.

Project planning
(Smart objectives, project plan and phases)

Table of content
Topics Page number
Introduction 3
Smart objectives 4
Project phases 6
Scheduling tools 8
Gantt chart 9
Network analysis 10
Project plan 11
Risk assessment 12
References 13

Introduction
 Project planning is a sub part of project management which uses
some schedules and activities so that specified goals can be
accomplished.
 The present report is based on 4Com Plc which is a
telecommunication industry. They are relocating their business and
establishing their operations in Kennington.

SMART objectives
 The manager of 4Com Plc has to set some objectives and goals
before implementing any project at the work environment.
 For this, they can use SMART technique or criteria so that overall
project can be managed and an appropriate guideline can be set for
all other staff members.
 SMART criterion is stands for specific, measurable, assignable,
realistic and time related.

Continue…
 Specific target: to establish the operations in Kennington within
next 6 months so that 20% revenues can be generated.
 Measurable target: to measure the progress in each month by
forming a group so that specific goals can be achieved.
 Attainable target: To is 25% revenues can be generated at the end
of 1 year
 Realistic target: To establishing such kind of business help me in
enhancing my knowledge area and that will help me in generating
high revenues
 Time related: new business will get established in next 6 months
and 25% revenues should be generated at the end of year

Project phases
When a project is implemented by business organization then it goes
through some series of stages and phases. On the basis of these, each
and every unit of project can be managed effectively so this may help
them in performing well.

Continue…
 Initiation and planning: This is the first stage where top executives of
firm identify their needs and as per those objectives are set.
 Execution: This is the second phase where actual implementation of
project is going to start by the manager of telecommunication industry.
 Project monitoring and control: The project manager has to monitor
and control progress on the basis of cost, time, risk and quality.
 Project closing: This is the last phase where project is gets closed after
the execution stage.

Scheduling tools
 There are various scheduling tools and techniques that can be used
by project manager in order to develop, monitor and control the
project.
 There are some scheduling techniques like Gantt chart, network
analysis, critical path method, PERT (Program evaluation and
review technique) and so on.
 Through this, work can be completed on time which can help them
in achieving goals or targets.

Gantt chart
It is a horizontal chart which is plotted with respect to time as this can
be made on the basis of days, weeks or months.

Network analysis
Network diagram is a visual representation of all the activities which
needs to be completed for achieving the goals. This represent the
logical relationship between different task and activities.

Project plan schedule
The project plan can be scheduled by manager for establishing the
business in Kennington. This plan shows different activities, their time
that in how many days the particular task is gets completed and their
predecessors.

Risk assessment
It is a kind of systematic technique that is used by the project manager in
order to identify the potential risks which are associated with project.
 Identify the risk: This is the first step where different risks are identified
by the manager which can affect their project and the outcome
 Analyse and evaluate the risk: When risks are evaluated then at this
stage manager has to find out their consequences
 Rank the risk: The manager of 4Com Plc has to rank the risks according
to their priority.
 Monitor or review the risk: This is the last stage where different risks
are monitored and reviewed.