Project Management Plan: Developing a Racing Car for Volkswagen

This project management plan details the development of a new racing car for Volkswagen, a global leader in the automobile industry. The plan includes a comprehensive schedule, budget, and resource allocation for the project, spanning from the design phase to change management. It identifies potential risk factors, categorized as external, internal, and technical, and proposes mitigation strategies to address each. The external risks include delays in receiving components, lack of capital, and sudden unforeseen issues. Internal risks focus on postponement in approval and scope creep, while technical risks cover problems faced with equipment and machinery during manufacturing. Mitigation plans involve effective inventory management, budget discussions, agile methodology implementation, and enhanced communication. The project aims to develop a competitive racing car for Formula 1, emphasizing thorough testing and continuous improvement.

Running head: PROJECT MANAGEMENT
Project management
Name of the student
Name of the university
Author note

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Executive Summary
The report had developed the project management plan for developing a new racing for
the Volkswagen. Volkswagen has been one of the global leaders in the automobile industry and
the project had proposed a schedule, budget and resources of the project. The report had also
identified the risk factors and the probable way of mitigating risk. Effective use of the risk
mitigation would result in success of the study.

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Table of Contents
Part A...............................................................................................................................................3
Project purpose............................................................................................................................3
Project scope................................................................................................................................3
Project objective..........................................................................................................................3
Project Constraints.......................................................................................................................3
Project Deliverables.....................................................................................................................4
Project Milestone.........................................................................................................................4
Project Schedule..........................................................................................................................5
Project Forecasted Budget...........................................................................................................9
Resource View...........................................................................................................................13
Part B.............................................................................................................................................14
Risk Matrix................................................................................................................................14
Risk Mitigation plan and Strategy.............................................................................................18
Conclusion.....................................................................................................................................21
References......................................................................................................................................22

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Topic: Development of a racing car for Volkswagen
Part A
Project purpose
Volkswagen is one of the global leaders in the automobile industry and the project will
propose a schedule, budget and resources of the project. The report will also identify the risk
factors and the probable way of mitigating risk.
Project scope
Project scope will include the different processes used for manufacturing a racing for the
company (Kerzner and Kerzner 2017). The project will aim to develop a racing car which would
compete with the rival companies while participating in the Formula 1 Championship.
Project objective
The project objectives are as follows:
 Identification of technology used by the rival companies by conducting market research
 Identification of the software and hardware requirements
 Designing and developing a racing car
 Testing the car for improvements
Project Constraints
The time span of the project is high and the company will take almost two years to launch
the new racing car. The rival companies are developing new technologies so the new product
may not provide Volkswagen with competitive advantage (Abuwarda and Hegazy 2016). The

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change in the project deliverables in not possible after the second phase and change in
deliverables will affect the overall project.
Project Deliverables
Task Name Duration Start Finish
Car manufacturing and
designing plan
565 days Fri 4/20/18 Thu 6/18/20
1.1 Design phase 175 days Fri 4/20/18 Thu 12/20/18
1.2 Integration Phase 120 days Fri 10/12/18 Thu 3/28/19
1.3 Assembly and manufacturing
phase
205 days Fri 3/29/19 Thu 1/9/20
1.4 Testing Phase 70 days Fri 1/10/20 Thu 4/16/20
1.5 Change management 45 days Fri 4/17/20 Thu 6/18/20
(Table 1: Chow, Woodford and Lambe 2014)
Project Milestone
Task Name Duration Start Finish
Milestone 1: Design phase
realization
0 days Thu 10/11/18 Thu 10/11/18

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Milestone 2: Integration Phase
realized
0 days Thu 3/28/19 Thu 3/28/19
Milestone 3: manufacturing and
Assembly phase realized
0 days Thu 1/9/20 Thu 1/9/20
Milestone 4: Testing Phase realized 0 days Thu 4/16/20 Thu 4/16/20
Milestone 5: Change management
realized
0 days Thu 6/18/20 Thu 6/18/20
(Table 2: Borri, Guberti, and Betti, 2014)
Project Schedule
Task Name Duration Start Finish
Car manufacturing and
designing plan 565 days Fri 4/20/18 Thu 6/18/20
1.1 Design phase 175 days Fri 4/20/18 Thu 12/20/18
1.1.1. competitor analysis 40 days Fri 4/20/18 Thu 6/14/18
1.1.2 Researching the concept and
prior art 35 days Fri 4/20/18 Thu 6/7/18
1.1.3 Designing the first stage
concept 60 days Fri 6/15/18 Thu 9/6/18
1.1.4 In depth analysis of
mechanical and hardware
requirements
75 days Fri 9/7/18 Thu 12/20/18
1.1.5 Solid Modeling 50 days Fri 6/15/18 Thu 8/23/18
1.1.6 Design Analysis 35 days Fri 8/24/18 Thu 10/11/18

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Milestone 1: Design phase
realization 0 days Thu 10/11/18 Thu 10/11/18
1.2 Integration Phase 120 days Fri 10/12/18 Thu 3/28/19
1.2.1 Sub system assembly models 25 days Fri 10/12/18 Thu 11/15/18
1.2.2 Chassis model assemblies for
the subsystem 40 days Fri 10/12/18 Thu 12/6/18
1.2.3 Mounting, Fastening and
Hardware model assembly 45 days Fri 10/12/18 Thu 12/13/18
1.2.4 Assembling the full system 75 days Fri 12/14/18 Thu 3/28/19
Milestone 2: Integration Phase
realized 0 days Thu 3/28/19 Thu 3/28/19
1.3 Assembly and manufacturing
phase 205 days Fri 3/29/19 Thu 1/9/20
1.3.1 Test for fabrication and
machining practice 35 days Fri 3/29/19 Thu 5/16/19
1.3.2 Material and Hardware
purchase 40 days Fri 3/29/19 Thu 5/23/19
1.3.3 Drawing and Tolerancing and
Geometric dimensioning 45 days Fri 5/24/19 Thu 7/25/19
1.3.4 General manufacturing 90 days Fri 7/26/19 Thu 11/28/19
1.3.5 Assembling the car 30 days Fri 11/29/19 Thu 1/9/20
Milestone 3: manufacturing and
Assembly phase realized 0 days Thu 1/9/20 Thu 1/9/20
1.4 Testing Phase 70 days Fri 1/10/20 Thu 4/16/20
1.4.1 subsystems and components
status 30 days Fri 1/10/20 Thu 2/20/20

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1.4.2 technical simulation
inspection 25 days Fri 1/10/20 Thu 2/13/20
1.4.3 First race simulation 40 days Fri 2/21/20 Thu 4/16/20
Milestone 4: Testing Phase realized 0 days Thu 4/16/20 Thu 4/16/20
1.5 Change management 45 days Fri 4/17/20 Thu 6/18/20
1.5.1 Evaluating the performance 15 days Fri 4/17/20 Thu 5/7/20
1.5.2 Process of re-engineering 20 days Fri 5/8/20 Thu 6/4/20
1.5.3 Final racing car deployed 10 days Fri 6/5/20 Thu 6/18/20
Milestone 5: Change management
realized 0 days Thu 6/18/20 Thu 6/18/20
(Table 3: Snyder 2014)

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Gantt chart

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Project Forecasted Budget
Task Name Resource Names Cost
Car manufacturing and
designing plan
$852,600.00
1.1 Design phase $375,800.00
1.1.1. competitor analysis
Project manager, Electronics and Electrical
engineer, Instrumentation Engineer,
Mechanical Engineer
$73,600.00
1.1.2 Researching the
concept and prior art
Electronics and Electrical engineer,
Instrumentation Engineer, Mechanical
Engineer
$42,000.00
1.1.3 Designing the first
stage concept
Electronics and Electrical engineer,
Instrumentation Engineer, Mechanical
Engineer
$72,000.00
1.1.4 In depth analysis of
mechanical and hardware
requirements
Electronics and Electrical engineer,
Instrumentation Engineer, Mechanical
Engineer
$90,000.00
1.1.5 Solid Modeling Electronics and Electrical engineer,
Instrumentation Engineer, Mechanical
$63,200.00

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Engineer, Technical Staff
1.1.6 Design Analysis Mechanical Engineer, Project manager $35,000.00
Milestone 1: Design phase
realization
$0.00
1.2 Integration Phase $152,160.00
1.2.1 Sub system assembly
models
Car parts[1],Technical Staff $2,600.00
1.2.2 Chassis model
assemblies for the
subsystem
Technical Staff, Car parts[1] $3,560.00
1.2.3 Mounting, Fastening
and Hardware model
assembly
Electronics and Electrical engineer,
Instrumentation Engineer, Mechanical
Engineer, Car parts[1]
$55,000.00
1.2.4 Assembling the full
system
Electronics and Electrical engineer,
Instrumentation Engineer, Mechanical
Engineer, Car parts[1]
$91,000.00
Milestone 2: Integration
Phase realized
$0.00
1.3 Assembly and $189,920.00

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manufacturing phase
1.3.1 Test for fabrication
and machining practice
Instrumentation Engineer, Mechanical
Engineer, Car parts[1]
$26,200.00
1.3.2 Material and Hardware
purchase
Mechanical Engineer, Technical Staff, Car
parts[1]
$17,960.00
1.3.3 Drawing and
Tolerancing and Geometric
dimensioning
Instrumentation Engineer, Mechanical
Engineer, Technical Staff
$35,280.00
1.3.4 General manufacturing
Instrumentation Engineer, Mechanical
Engineer, Technical Staff, Car parts[1]
$71,560.00
1.3.5 Assembling the car
Electronics and Electrical engineer,
Instrumentation Engineer, Mechanical
Engineer, Technical Staff, Car parts[1]
$38,920.00
Milestone 3: manufacturing
and Assembly phase
realized
$0.00
1.4 Testing Phase $88,680.00
1.4.1 subsystems and
components status
Project manager, Technical Staff $21,120.00