BUS353e End-of-Course Assessment: SIB Project Completion Report

This report is a project completion report prepared one week after the completion of the SIB project. The presentation discusses the project's objectives and priorities, assessing whether they were met, and it identifies that not all objectives were achieved. It further details changes in the project schedule, attributing them to improper planning. The report highlights cost overruns, identifying factors such as US dollar appreciation and increased cable costs. Finally, it outlines lessons learned, including the importance of accurate project planning, conflict resolution, and the application of a five-step team development model. These lessons are intended to inform and improve future project implementations.

Section B: Transcript
I am presenting the project completion report that is prepared one week after the
completion of the SIB project. In this presentation, the objectives and the priorities of the
project are discussed along with the changes in the schedule of the project. The presentation
further acknowledges the lesson learnt from the project along with the suggestions for similar
projects in future.
The first three slides of the presentation sheds light to the project objectives and
priorities. The aim is to judge if the objectives and the priorities of the project are met. The
objectives include completion of the project preferably within December 26, 2019,
implementation of the project by complying with IMDBA’s requirement and implementation
of the SIB project with a CPI of at least 1. After the end of the project it is identified that CPI
of the project is 0.97, and the project was completed on January 3, 2020. Therefore, it can be
said that all the objectives and the priorities of the project are not met in execution of the SIB
project.
The next three slides of the presentation discusses about the changes in the schedule
of the project and the contributing events of the schedule change. The implementation of the
SIB project have seen a lot of changes in the schedule. The initial change in the project
schedule occurred while trying to solve the problem of resource over allocation. The next
change in the schedule occurred as an activity took 3 more days to complete in consideration
to the initial estimate of the time required for project completion. Therefore, it can be said
that an improper planning acted as one of the most prominent contributor to the change in the
schedule of the project. However, one of the initial objectives of the project was to complete
the project by within early January 2020, which was fulfilled as the completion date of the
project turned out to be January 3, 2020.

The next three slides identifies the cost overruns in the project and the contributors of
cost overruns. There was a significant cost overrun in the project as although the project was
set to complete in a budget of $297,000 while the project could be completed in a budget of
$305,600. The contributors of these events are identified to be appreciation of the US dollar,
reworks in data room and increase in the cost of the cable. This issues could have been easily
managed if a more detailed project plan was prepared at the beginning of the project.
The last three slides gives an idea of the lessons learnt and the suggestions for future
project. This project have helped me in gaining a more detailed knowledge about the
operation of MS project. The project has helped me in understanding the need of accurately
plan a project to eliminate the issue of budget overrun. Apart from that, I have understood the
importance of resolution of conflicts within the project. I have gathered knowledge about the
five step team development model and its importance in management of a team conflict. In
future, these lesson learnt would help me in implementation of similar project in a better way.