Business Project Report: Roles, Responsibilities, and Status Reports

This report delves into the intricacies of project management within the context of Max Lionel Realty. It meticulously outlines the roles and responsibilities of various personnel, including the CEO, CFO, HR Manager, and others, highlighting their contributions to project success. The report emphasizes the importance of status reports and record-keeping, presenting examples of how project progress is tracked using key performance indicators such as customer goodwill. These reports detail the purpose, performance, resources, and timelines for different stages of the project, providing a structured approach to monitoring and administering the project lifecycle. The document covers the processes to monitor the project, track its progress, and ensure the project meets the required standards. The project’s deliverables are also highlighted, including the importance of customer satisfaction. This report is an excellent resource for students studying business management and project administration.

Running head: DIPLOMA OF BUSINESS
Diploma of Business
Name of the Student:
Name of the University:
Author Note:

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DIPLOMA OF BUSINESS
Task 2: Administer and Monitor Project
The project monitoring and administrating is most important business functionality to
measure the work progress. With the special reference to the case scenario of Max Lionel
Reality, the study would discuss the project monitoring process. This section of the study would
discuss the written agreement with roles and responsibilities of the associated workers.
Furthermore, the study would also focus on the specifications of the record-keeping
requirements. The presentation of the structured report on risk management would be considered
in this study. It is essential to draft a project deliverable for ensuring the quality parameter.
Finally, the task would follow the final project deliverable for the completion purpose.
1) Roles and Responsibilities of the Project Members
Previously, it was specified that Max Lionel Realty deals with the property sales and
rentals. The stakeholders of the company are quite focused towards maintaining the roles and
responsibilities. The roles and responsibilities of the associated workers are stated below:
 The CEO of the company pays his attention towards the overall strategic directions for
managing and authorizing the financial transactions.
 The Chief Financial Officer takes care of the budget that is needed to be prepared for
determining the capital amount needs to be invested for the individual project. The
budget preparation would provide the idea about the capital resource requirements and
allocations.
 The Human Resource Manager is responsible for recognizing the productive capacity and
the welfare of the workforce associated with the project activity.

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DIPLOMA OF BUSINESS
 The General Manager of the project supervises the day-to-day business activities and
maintains the coordination between the workers.
 The Manager Residential Realty is appointed to manage the factors related to the
residential realty.
 The Manager of the Commercial Realty manages the commercial factors to cope with the
functionalities performed by the commercial agents.
 The Investment Manager needs to perform the responsibility to monitor the investment
activities. The maintenance of the investment activities is essential to deal with the
probable obligations aligned with the commercial and residential clients.
 The associated employees in the project work needs to follow the project specification
and deliver the day-to-day performance schedule to the supervisor. It will be helpful in
measuring the work progress on a daily basis process.
2) Status Reports as per the record-keeping requirements
Project Name: Customer Goodwill
Percentage to be considered: 25%
Report 1:
Purpose Satisfaction
Performance
Resources Starting Date End Date Status
To build the
customer
goodwill and
ensure customer
20% 1) Office
Personnel
2) Car
3) Office
01/01/2016 15/01/2016 20%
Complete

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DIPLOMA OF BUSINESS
satisfaction. Equipment
Report 2:
Percentage to be considered: 50%
Purpose Satisfaction
Performance
Resources Starting Date End Date Status
To build the
customer
goodwill and
ensure customer
satisfaction.
50% 1) Office
Personnel
2) Car
3) Office
Equipment
4) Financial
Officer
Project
Supervisor
15/01/2016 20/01/2016 50%
Complete
Report 3:
Percentage to be considered: 100%
Purpose Satisfaction
Performance
Resources Starting Date End Date Status
To build the
customer
goodwill and
100% 1) Office
Personnel
20/01/2016 13/02/2016 100%
Complete