Comprehensive Analysis: Winning Projects with Safety & Stakeholders

This report outlines the critical factors for successfully winning projects, emphasizing the importance of understanding client needs and the competitive market. It discusses key elements such as effective positioning, compliance, persuasion, and reasonable pricing strategies. The report advocates for a costing methodology that combines lessons learned, expert opinions, and PERT analysis to ensure profitability, utilizing capital budgeting techniques like NPV, ROI, and payback period, along with Earned Value Management. Stakeholder engagement is highlighted, identifying key stakeholders such as project sponsors, team members, students, and the local community, with a focus on satisfying student and faculty needs while minimizing community disruption. Furthermore, the report underscores the significance of safety in construction, detailing incident notification procedures and the hierarchy of risk controls. Key factors impacting project quality include in-depth planning, effective communication, stakeholder management, risk analysis, and a proactive response culture. The report also touches on planning tasks, time management, team dynamics according to Tuckman’s stages, and a comparison between Theory X and Theory Y management styles, as well as McClelland’s acquired-needs theory.

key factors to consider in winning the project?
The competitive market requires project managers to be fully aligned to the needs of
project sponsors.
1- Positioning: Understand and analyze the client as well as the competitive market
which you are competing against.
2- Compliance: Give all the information to the client and do not miss out on
anything.
3- Persuasion: Persuasion game much be very strong. Tell the client what they want
to hear.
4- Price: Give a reasonable price; do not try to be too frugal nor prodigal.
Discuss Costing .ensure that the project is profitable?
My preference to the costing methodology is to adopt costing data from the lessons learnt
and expert opinion, then calculate cost using PERT analysis. Applying PERT after taking
expert opinion or taking data from past estimates improves the process of estimation as the
variance in actual and forecasted cost is usually very minimum. Hence my preference is to
always combine PERT with Expert opinion or Past parametric data to ensure costing.
To determine profitability, I use capital budgeting techniques like NPV, ROI and Payback
period to ensure if project is profitable and in addition once I have done viable costing I
undertake earn value management to ensure project remains viable and profitable.
key stakeholders &discussed at project meetings?
The stake-holders of a project are the people who affect or can be affected by the outcome
or decision of that particular project.stakeholder of this project:
1) Project Sponsor (Flinders University)
2) Team Members (Project Team)
3) Project Costumer
4) Students
5) Senior Management (Flinders University management)
6) Subcontractor (Outsourced Part of Project)
7) People living in the nearby (Community)
8) Local Media
9) government
In the project meeting the main discussion was about the satisfaction of the students and
the faculty. The classrooms and the laboratory of the building should be very well designed.
The architecture and the design of the building should reflect the great institute of learning
and knowledge. The project should be cost-effective and it will not greatly affect the

business and the work of the people who are living or working close to the area where the
new building of the university is being constructed.
Explain how safety & key factors impacting on quality in the project?
Safety of the workers is very important. A safe environment should be created and formed
in the construction area. To incident notification fact notification fact sheets are used to
record accidents in a work place
First of all, employee knowledge of the safety activities directly impacts the quality
performance as they know how to report and when to report. In addition, application of
hierarchy of risk controls determine the quality of OHS practices. Use of PPE equipment has
to be mandatory has . and , there are danger signs and construction signs put where they
are needed so that the public should know a construction is going on and they are not
allowed to step in the construction area.
The following are the key factors that will ensure the quality of the project:
1) In depth Planning 2) Appropriate Communication
3) Manage Stakeholders 4) Risk Analysis
5) Constant Project Review 6) Proactive response culture.
Closing ?
include administrative and contract closure procedures; final products, services, or results;
and updates to organizational process assets
What are the main planning tasks & time management?
The following main planning tasks are performed as a part of project time management;
1. Activity definition 2.Activity sequencing 3. Activity resource estimating
4. Activity duration estimating 5. Schedule development
in Tuckman’s team?
forming, storming, norming, performing, and adjourning..
between Theory X and Theory Y?
Theory X is based on the assumption that workers are generally incompetent, lazy and
less serious about their jobs and the only way to get work out of them is through
having strict managerial style. On the other hand theory Y is based on the assumption
that the employees are self-motivated and make effort to improve their personal
performance on their own due to which they don’t need management supervision,
rather, they need thrilling challenges to produce better results.
McClelland’s
. Categories of McClelland’s acquired-needs theory include needs for achievement,
affiliation, and power.