Project Management Report: Store Refurbishment for Wickes Company
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AI Summary
This report provides a comprehensive overview of project management principles and their practical application within an organizational context. The report centers on a case study involving the refurbishment of a Wickes store, detailing the planning, execution, and closure phases of the project. It begins with an introduction to the significance of project management, followed by a detailed plan for project implementation, including SMART objectives, key personnel roles, and resource allocation. Stakeholder analysis is conducted to identify and manage the interests of various stakeholders. The report includes a communication plan and a budget plan, and it also addresses self-development strategies for project team members. Furthermore, the report examines project management theories and tools, such as Gantt charts, work breakdown structures, and network diagrams. The report concludes with an evaluation of the project's outcomes and a discussion of lessons learned.

Managing Project In An Organisation
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TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Plan for implementation of the project........................................................................................1
Stakeholder Analysis...................................................................................................................6
Communication Project plan.....................................................................................................10
Budget plan...............................................................................................................................10
Self- development plan.............................................................................................................11
Project management theories....................................................................................................13
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................15
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Plan for implementation of the project........................................................................................1
Stakeholder Analysis...................................................................................................................6
Communication Project plan.....................................................................................................10
Budget plan...............................................................................................................................10
Self- development plan.............................................................................................................11
Project management theories....................................................................................................13
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................15

INTRODUCTION
Managing project is the key significant measure which is prominent in managing the key
relevant resources and carry out the project. A project is considered to be a significant piece of
work which is based on specific goal (Meredith, Shafer, and Mantel Jr, 2017). This study will
focus on critically assessing the key relevance of the project management techniques and tools.
Furthermore, this report also develop a specific plan for implementation related with the project.
This study also communicate the project plan with the key stakeholders of the company.
Moreover, a self-development plan will be carried out.
The project will focus on refurbishing the store for the better utilization of the space for the
Wickes Company. This is significant in modernizing, redecorating and effectively redecorating
the store to effectively make the best use of the space. It is significant in renovating the old space
and helps in making the store look more workable and in the better working condition.
However, the Wickes Company was founded in the year 1854 and it is a garden centre and a
home improvement retailer which is based in UK.
MAIN BODY
Plan for implementation of the project
This is one of the key relevant phase which is very prominent in putting the project into the
desired set of action. It helps the project team to effectively carry out the project with utmost
degree of accuracy in order to relevantly produce the deliverables (Di Giuda and et.al., 2018,
May). This is the key significant procedure which in turn is considered to be highly significant in
re- equipping and also redecorating the building. It is the key relevant phenomenon where the
key elements which is mainly linked with the retrofitting is prominent in making the building
highly sustainable and more energy efficient.
SMART Objectives
Refurbishing of the store is significant because it helps in the effective and better utilization of
the key relevant resources and making the better utilization of the space for the Wickes
Company. It is significant in renovating the old space and helps in making the store look more
workable and in the better working condition.
To carry out major building repairs like electrical, ventilation, plumbing, heating, cooling
to make the best use of space.
1
Managing project is the key significant measure which is prominent in managing the key
relevant resources and carry out the project. A project is considered to be a significant piece of
work which is based on specific goal (Meredith, Shafer, and Mantel Jr, 2017). This study will
focus on critically assessing the key relevance of the project management techniques and tools.
Furthermore, this report also develop a specific plan for implementation related with the project.
This study also communicate the project plan with the key stakeholders of the company.
Moreover, a self-development plan will be carried out.
The project will focus on refurbishing the store for the better utilization of the space for the
Wickes Company. This is significant in modernizing, redecorating and effectively redecorating
the store to effectively make the best use of the space. It is significant in renovating the old space
and helps in making the store look more workable and in the better working condition.
However, the Wickes Company was founded in the year 1854 and it is a garden centre and a
home improvement retailer which is based in UK.
MAIN BODY
Plan for implementation of the project
This is one of the key relevant phase which is very prominent in putting the project into the
desired set of action. It helps the project team to effectively carry out the project with utmost
degree of accuracy in order to relevantly produce the deliverables (Di Giuda and et.al., 2018,
May). This is the key significant procedure which in turn is considered to be highly significant in
re- equipping and also redecorating the building. It is the key relevant phenomenon where the
key elements which is mainly linked with the retrofitting is prominent in making the building
highly sustainable and more energy efficient.
SMART Objectives
Refurbishing of the store is significant because it helps in the effective and better utilization of
the key relevant resources and making the better utilization of the space for the Wickes
Company. It is significant in renovating the old space and helps in making the store look more
workable and in the better working condition.
To carry out major building repairs like electrical, ventilation, plumbing, heating, cooling
to make the best use of space.
1
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The public store will be expanded by 30% more by refurbishing the store design and
reassigning the inefficient space by 25th September, 2020.
To improve the safety of the store in case of any natural calamities like earthquake,
tornado, etc. by 31st October, 2020.
Key people associated with the project
Project manager: The project manager is completely responsible for ensuring that the goals and
objectives associated with the project has been attained on a prescribed time (Noori and et.al.,
2016). This is useful in improving and better utilization of the key resources.
Architect: The architect in turn is significant in building the key relevant structure who tends to
focus on designing the space of the store in accordance with the requirement. They are highly
responsible for creating sustainable, safe and aesthetically pleasing designs associated with the
project. They are considered to be highly significant in redevelopments and alterations associated
with the store space.
Interior designer: They mainly focuses on sketching and visualizing the relevant design plans
which are useful for ensuring the specific design and is useful in sourcing the materials and the
products in order to effectively carry out the project with high degree of accuracy and relevance.
Financial manager: They ensure that the refurbishment project of the Wickes store is completed
within the desired budget set (Sezer, 2017). This helps in examining the key expenses and
relevant expenditures which are associated with the project to complete within the stipulated
budget frame.
Resource manager: They mainly focus on managing the various resources in order to effectively
carry out the project. They have the relevant set of skill set to multi- task and also communicate
and organize the resources in a significant manner. It helps in providing the proper overview
regarding which activities will need what resources. It helps in providing the different resources
and to carry out the project. Resource manager assist the project planner and manager in making
variety of the different sort of decision in regards of completing the project on time in the market
by ensuring they have adequate degree of resources.
Sponsor: They are the one in the organization who will be providing the funds and capital to
carry out the project. It will also assist the project manager at the time of preparation of variety
of different sort of strategy and tactics in the project. They generally used to provide the
2
reassigning the inefficient space by 25th September, 2020.
To improve the safety of the store in case of any natural calamities like earthquake,
tornado, etc. by 31st October, 2020.
Key people associated with the project
Project manager: The project manager is completely responsible for ensuring that the goals and
objectives associated with the project has been attained on a prescribed time (Noori and et.al.,
2016). This is useful in improving and better utilization of the key resources.
Architect: The architect in turn is significant in building the key relevant structure who tends to
focus on designing the space of the store in accordance with the requirement. They are highly
responsible for creating sustainable, safe and aesthetically pleasing designs associated with the
project. They are considered to be highly significant in redevelopments and alterations associated
with the store space.
Interior designer: They mainly focuses on sketching and visualizing the relevant design plans
which are useful for ensuring the specific design and is useful in sourcing the materials and the
products in order to effectively carry out the project with high degree of accuracy and relevance.
Financial manager: They ensure that the refurbishment project of the Wickes store is completed
within the desired budget set (Sezer, 2017). This helps in examining the key expenses and
relevant expenditures which are associated with the project to complete within the stipulated
budget frame.
Resource manager: They mainly focus on managing the various resources in order to effectively
carry out the project. They have the relevant set of skill set to multi- task and also communicate
and organize the resources in a significant manner. It helps in providing the proper overview
regarding which activities will need what resources. It helps in providing the different resources
and to carry out the project. Resource manager assist the project planner and manager in making
variety of the different sort of decision in regards of completing the project on time in the market
by ensuring they have adequate degree of resources.
Sponsor: They are the one in the organization who will be providing the funds and capital to
carry out the project. It will also assist the project manager at the time of preparation of variety
of different sort of strategy and tactics in the project. They generally used to provide the
2
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information in regards of the market information which is prevailing in the market in the current
scenario to ensure that the project is not over budget or under budget.
Key resources
The key resources which in turn has been required to effectively carry out the project related
with the refurbishment and renovation of the Wickes store is:
Human resource: The human resource in turn is considered to be highly significance because
they are the ones who tends to ensure that they focus on effectively completing the project in a
reliable manner (Kim and Park, 2018). The success of the project is highly dependent upon the
skills and knowledge which results in better organizing and the management of the project. The
team in turn mainly comprise of those people who have the desired skill set to attain the
objective of refurbishing the Wickes store.
Financial resources: The funding and finance is of key relevance importance for the company
which helps in the better attainment of the goals and objectives. Understanding the key financial
terms is of utmost degree of relevance to comply with the stipulated budget plan leads to greater
success of the project.
Physical resources: Machinery, equipment, tools, facilities, etc. which are needed for the
refurbishing the Wickes store is considered to be of utmost importance to carry out the project
without any delay and results in greater success (Ali, Azmi and Baaki, 2018).
Gantt Chart
This is the horizontal representation which helps in representing the project plan over the specific
period of time. This helps in examining which person is responsible for carrying out each task
related with the project.
Task Mode Task Name Duration Start Finish Predecessors
Auto
Scheduled Project initiation 19 days Thu 8/6/20 Tue 9/1/20
Auto
Scheduled
Development of the key
smart objectives 3 days Thu 8/6/20 Mon 8/10/20
Auto
Scheduled
Setting up the clear
goals 3 days Tue 8/11/20 Thu 8/13/20 2
Auto
Scheduled
Setting up a clear
milestone 3 days Fri 8/14/20 Tue 8/18/20 3
Auto
Scheduled
Development of the
Gantt chart 2 days Wed 8/19/20 Thu 8/20/20 4
Auto
Scheduled
Carrying out
communication plan 1 day Fri 8/21/20 Fri 8/21/20 5
3
scenario to ensure that the project is not over budget or under budget.
Key resources
The key resources which in turn has been required to effectively carry out the project related
with the refurbishment and renovation of the Wickes store is:
Human resource: The human resource in turn is considered to be highly significance because
they are the ones who tends to ensure that they focus on effectively completing the project in a
reliable manner (Kim and Park, 2018). The success of the project is highly dependent upon the
skills and knowledge which results in better organizing and the management of the project. The
team in turn mainly comprise of those people who have the desired skill set to attain the
objective of refurbishing the Wickes store.
Financial resources: The funding and finance is of key relevance importance for the company
which helps in the better attainment of the goals and objectives. Understanding the key financial
terms is of utmost degree of relevance to comply with the stipulated budget plan leads to greater
success of the project.
Physical resources: Machinery, equipment, tools, facilities, etc. which are needed for the
refurbishing the Wickes store is considered to be of utmost importance to carry out the project
without any delay and results in greater success (Ali, Azmi and Baaki, 2018).
Gantt Chart
This is the horizontal representation which helps in representing the project plan over the specific
period of time. This helps in examining which person is responsible for carrying out each task
related with the project.
Task Mode Task Name Duration Start Finish Predecessors
Auto
Scheduled Project initiation 19 days Thu 8/6/20 Tue 9/1/20
Auto
Scheduled
Development of the key
smart objectives 3 days Thu 8/6/20 Mon 8/10/20
Auto
Scheduled
Setting up the clear
goals 3 days Tue 8/11/20 Thu 8/13/20 2
Auto
Scheduled
Setting up a clear
milestone 3 days Fri 8/14/20 Tue 8/18/20 3
Auto
Scheduled
Development of the
Gantt chart 2 days Wed 8/19/20 Thu 8/20/20 4
Auto
Scheduled
Carrying out
communication plan 1 day Fri 8/21/20 Fri 8/21/20 5
3

Auto
Scheduled Stakeholder analysis 3 days Mon 8/24/20 Wed 8/26/20 6
Auto
Scheduled Risk management plan 4 days Thu 8/27/20 Tue 9/1/20 7
Auto
Scheduled Project Execution 20 days Wed 9/2/20 Tue 9/29/20
Auto
Scheduled
Development of the
project team 4 days Wed 9/2/20 Mon 9/7/20 8
Auto
Scheduled
Assigning of the key
resources 3 days Tue 9/8/20 Thu 9/10/20 10
Auto
Scheduled
Execute project
management plans 3 days Fri 9/11/20 Tue 9/15/20 11
Auto
Scheduled
Procurement
management 3 days Wed 9/16/20 Fri 9/18/20 12
Auto
Scheduled
Setting up tracking
systems 4 days Mon 9/21/20 Thu 9/24/20 13
Auto
Scheduled
Modify project plans as
needed 3 days Fri 9/25/20 Tue 9/29/20 14
Auto
Scheduled Project Performance 7 days Wed 9/30/20 Thu 10/8/20
Auto
Scheduled
Monitoring if the
project is on schedule
budget
2 days Wed 9/30/20 Thu 10/1/20 15
Auto
Scheduled Quality deliverables 2 days Fri 10/2/20 Mon 10/5/20 17
Auto
Scheduled Cost and effort tracking 3 days Tue 10/6/20 Thu 10/8/20 18
Auto
Scheduled Project Closure 7 days Fri 10/9/20 Mon 10/19/20
Auto
Scheduled
Evaluating the
outcomes of project 4 days Fri 10/9/20 Wed 10/14/20 19
Auto
Scheduled
Creating final project
report 2 days Thu 10/15/20 Fri 10/16/20 21
Auto
Scheduled
Final closure of the
project 1 day Mon 10/19/20 Mon 10/19/20 22
Work breakdown structure
This is one of the prominent in gaining deliverables related with the breakdown of the project. It
is significant in breaking down the project into smaller set of components. It is useful in
organizing the team work and carry out the action in a manageable manner.
4
Scheduled Stakeholder analysis 3 days Mon 8/24/20 Wed 8/26/20 6
Auto
Scheduled Risk management plan 4 days Thu 8/27/20 Tue 9/1/20 7
Auto
Scheduled Project Execution 20 days Wed 9/2/20 Tue 9/29/20
Auto
Scheduled
Development of the
project team 4 days Wed 9/2/20 Mon 9/7/20 8
Auto
Scheduled
Assigning of the key
resources 3 days Tue 9/8/20 Thu 9/10/20 10
Auto
Scheduled
Execute project
management plans 3 days Fri 9/11/20 Tue 9/15/20 11
Auto
Scheduled
Procurement
management 3 days Wed 9/16/20 Fri 9/18/20 12
Auto
Scheduled
Setting up tracking
systems 4 days Mon 9/21/20 Thu 9/24/20 13
Auto
Scheduled
Modify project plans as
needed 3 days Fri 9/25/20 Tue 9/29/20 14
Auto
Scheduled Project Performance 7 days Wed 9/30/20 Thu 10/8/20
Auto
Scheduled
Monitoring if the
project is on schedule
budget
2 days Wed 9/30/20 Thu 10/1/20 15
Auto
Scheduled Quality deliverables 2 days Fri 10/2/20 Mon 10/5/20 17
Auto
Scheduled Cost and effort tracking 3 days Tue 10/6/20 Thu 10/8/20 18
Auto
Scheduled Project Closure 7 days Fri 10/9/20 Mon 10/19/20
Auto
Scheduled
Evaluating the
outcomes of project 4 days Fri 10/9/20 Wed 10/14/20 19
Auto
Scheduled
Creating final project
report 2 days Thu 10/15/20 Fri 10/16/20 21
Auto
Scheduled
Final closure of the
project 1 day Mon 10/19/20 Mon 10/19/20 22
Work breakdown structure
This is one of the prominent in gaining deliverables related with the breakdown of the project. It
is significant in breaking down the project into smaller set of components. It is useful in
organizing the team work and carry out the action in a manageable manner.
4
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Network Diagram
This is referred to as one of the appropriate graphical representation which helps in carrying out
all the task in a reliable manner. This helps in determining the work flow related with the project.
Stakeholder Analysis
Stakeholder Role and Responsibility Impact Interest Management Strategy
5
This is referred to as one of the appropriate graphical representation which helps in carrying out
all the task in a reliable manner. This helps in determining the work flow related with the project.
Stakeholder Analysis
Stakeholder Role and Responsibility Impact Interest Management Strategy
5
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Project
Manager
Project manager are the
one in the organization
who will be providing the
variety of the different
sort of the guidelines to
the project team, so that
on the basis of same
different activity can be
performed in the project
by the project team. They
generally have main
responsibility to present
project team in front of
other.
High High To manage Project manager in
the project, project sponsor or the
owners has to make sure that
good sort of clarity is maintain
throughout the project which will
help project manager in planning
different activity accordingly
(Krishna, 2020).
Project sponsor
and owner
They are the one in the
organization who will be
providing the money and
will also assist the project
manager at the time of
preparation of variety of
different sort of strategy
and tactics in the project.
They generally used to
provide the information in
regards of the market
information which is
prevailing in the market in
the current scenario.
Medium High To manage Project sponsor and
owner in the project all the
individual generally has to make
sure that they used to provide
good sort of clarity in term of the
finance require, it will eventually
help the sponsor in providing the
financial help whenever requires
in the organization.
Employee Employee are the one for
whom the project is
Low Medium To manage employee interest in
the project, project team has to
6
Manager
Project manager are the
one in the organization
who will be providing the
variety of the different
sort of the guidelines to
the project team, so that
on the basis of same
different activity can be
performed in the project
by the project team. They
generally have main
responsibility to present
project team in front of
other.
High High To manage Project manager in
the project, project sponsor or the
owners has to make sure that
good sort of clarity is maintain
throughout the project which will
help project manager in planning
different activity accordingly
(Krishna, 2020).
Project sponsor
and owner
They are the one in the
organization who will be
providing the money and
will also assist the project
manager at the time of
preparation of variety of
different sort of strategy
and tactics in the project.
They generally used to
provide the information in
regards of the market
information which is
prevailing in the market in
the current scenario.
Medium High To manage Project sponsor and
owner in the project all the
individual generally has to make
sure that they used to provide
good sort of clarity in term of the
finance require, it will eventually
help the sponsor in providing the
financial help whenever requires
in the organization.
Employee Employee are the one for
whom the project is
Low Medium To manage employee interest in
the project, project team has to
6

mainly targeted. Needs
and preference of variety
of different employee will
be taken and on the basis
of same different activity
in the project will be
managed and perform
make sure that they generally
used to understand the need and
preference of different individual
in the market and on the basis of
same make sure that employee
need are met in the organization.
Project team Project team are the one
who generally used to
carry out the different
activity which has been
generally passed on by the
different individual in the
market. They are
generally responsible for
carrying out the different
activity which are pass on
by the project manager.
They generally used to
has monetary interest
linked with the outcome
of the project (Eskerod
and Larsen, 2018).
Medium Medium Interest level of different
employee in the project can be
maintain by providing variety of
the different sort of motivational
and growth opportunity to the
employee in the process of
completing the project for the
organization.
Resource
manager
Resource manager is the
one in the projects which
generally used to provide
the different resources and
on the basis of the same
different activity in the
project are being carried
out. Resource manager
High Low To manage the interest level of
resource manager in the project
individual has to make sure that
they used to maintain good sort
of clarity in term of resources
will be require to carry out
different project and on the basis
of the same organizations will
7
and preference of variety
of different employee will
be taken and on the basis
of same different activity
in the project will be
managed and perform
make sure that they generally
used to understand the need and
preference of different individual
in the market and on the basis of
same make sure that employee
need are met in the organization.
Project team Project team are the one
who generally used to
carry out the different
activity which has been
generally passed on by the
different individual in the
market. They are
generally responsible for
carrying out the different
activity which are pass on
by the project manager.
They generally used to
has monetary interest
linked with the outcome
of the project (Eskerod
and Larsen, 2018).
Medium Medium Interest level of different
employee in the project can be
maintain by providing variety of
the different sort of motivational
and growth opportunity to the
employee in the process of
completing the project for the
organization.
Resource
manager
Resource manager is the
one in the projects which
generally used to provide
the different resources and
on the basis of the same
different activity in the
project are being carried
out. Resource manager
High Low To manage the interest level of
resource manager in the project
individual has to make sure that
they used to maintain good sort
of clarity in term of resources
will be require to carry out
different project and on the basis
of the same organizations will
7
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generally used to assist
the project planner and
manager in making
variety of the different
sort of decision in regards
of completing the project
on time in the market.
able to manage the wastage of
resources. As well as it will help
the company in managing the
interest level of resource manager
in the organization
RISK REGISTER
Risk Impact Responsible Authority Mitigation Strategy
Delay in project
Wrong planning and schedule of
different activity in the
organization can create the issue
of delay in the project. This type
of risk generally occurs in the
project if there is no proper
planning of different activity.
Delay project generally used to
impact relationship with the
client in the market.
High Project manager and
project planner are the
one who are generally
responsible for
scheduling of different
activity in the
organization.
To overcome such
type of the risk in the
project, project
manager and planner
has to make sure that
they are ready with
the alternate plan as
well in the project
(Amon, 2019).
Employee Conflict
It is another sort of risk which is
generally associated with the
process of carrying out the
project in the organization. As it
has been identified that any
misunderstanding in the project
generally used to create the
situation in which there is
Medium Generally project
manager and human
resource manager are the
two authority who are
generally responsible for
these sort of risk in the
market.
To overcome these
sort of the issue and
the risk in the
organization firm has
to make sure that they
used to maintain good
sort of clarity in the
organization which
will help in
8
the project planner and
manager in making
variety of the different
sort of decision in regards
of completing the project
on time in the market.
able to manage the wastage of
resources. As well as it will help
the company in managing the
interest level of resource manager
in the organization
RISK REGISTER
Risk Impact Responsible Authority Mitigation Strategy
Delay in project
Wrong planning and schedule of
different activity in the
organization can create the issue
of delay in the project. This type
of risk generally occurs in the
project if there is no proper
planning of different activity.
Delay project generally used to
impact relationship with the
client in the market.
High Project manager and
project planner are the
one who are generally
responsible for
scheduling of different
activity in the
organization.
To overcome such
type of the risk in the
project, project
manager and planner
has to make sure that
they are ready with
the alternate plan as
well in the project
(Amon, 2019).
Employee Conflict
It is another sort of risk which is
generally associated with the
process of carrying out the
project in the organization. As it
has been identified that any
misunderstanding in the project
generally used to create the
situation in which there is
Medium Generally project
manager and human
resource manager are the
two authority who are
generally responsible for
these sort of risk in the
market.
To overcome these
sort of the issue and
the risk in the
organization firm has
to make sure that they
used to maintain good
sort of clarity in the
organization which
will help in
8
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conflict between different
individual in the market in a
long run.
overcoming employee
conflict.
Scarcity of fund:
It is another sort of the risk
which is associated with the
project as any wrong assumption
and prediction of the finance in
the project may create the issue
in the organization in which it
used to get difficult for the team
to have good sort finance in the
project (O'Har, Senesi, and
Molenaar, 2017).
High Project sponsor and
owner are the two
authorities whom are
very much responsible
for occurrence of these
sort of risk in
organization.
To manage these sort
of the risk in the
organization,
individual has to
make sure that they
are providing the
information about the
different finance
which will require at
different stages.
Non optimum utilization of
resources
It is another sort of the risk
which is associated with the
process of carrying out different
activity in the project. As it has
been identified that wastage of
the resources in the organization
used to create the situation
where efficiency of variety of
the activity carried out is
affected.
Medium Resource manager are
the one in the project
which are generally
responsible for these sort
of risk occurrence in the
organization in long run.
To manage and
overcome these sort
of the risk Resource
manager has to make
sure to monitor
different progress and
on the basis of same
they used to optimum
use different
resources in the
project this will help
in managing the
resources in the better
way.
Operational risk High Project manager and
project planner are the
one who are generally
They must focus on
the developing the
Gantt chart and use
9
individual in the market in a
long run.
overcoming employee
conflict.
Scarcity of fund:
It is another sort of the risk
which is associated with the
project as any wrong assumption
and prediction of the finance in
the project may create the issue
in the organization in which it
used to get difficult for the team
to have good sort finance in the
project (O'Har, Senesi, and
Molenaar, 2017).
High Project sponsor and
owner are the two
authorities whom are
very much responsible
for occurrence of these
sort of risk in
organization.
To manage these sort
of the risk in the
organization,
individual has to
make sure that they
are providing the
information about the
different finance
which will require at
different stages.
Non optimum utilization of
resources
It is another sort of the risk
which is associated with the
process of carrying out different
activity in the project. As it has
been identified that wastage of
the resources in the organization
used to create the situation
where efficiency of variety of
the activity carried out is
affected.
Medium Resource manager are
the one in the project
which are generally
responsible for these sort
of risk occurrence in the
organization in long run.
To manage and
overcome these sort
of the risk Resource
manager has to make
sure to monitor
different progress and
on the basis of same
they used to optimum
use different
resources in the
project this will help
in managing the
resources in the better
way.
Operational risk High Project manager and
project planner are the
one who are generally
They must focus on
the developing the
Gantt chart and use
9

responsible for
evaluating the key
operations of the project.
proper project
management tools in
order to ensure that
the project is
completed with
utmost degree of
accuracy and on a
timely manner.
Communication Project plan
Communication plan associated with the management of the project is highly significant
because it is prominent in enabling the individual to communicate actively with the team
members associated with the project. It is significant in setting clear set of guidelines and
deadlines to accomplish the task related with the refurbishment of the store (Okakpu and et.al.,
2018). An effective communication plan is necessary because it helps in looping in each set of
project and examining who is responsible for which activity.
Direct phone calls is one of the key prominent medium which helps in connecting with the team
members and sharing key relevant information. This is one of the easy and quick method.
Email is also one of the professional method which helps in attaching the necessary documents
and sending the message to wide set of group members in a professional manner.
Face to face meeting: It is useful in giving appropriate set of presentation associated with the
project. This is in turn highly prominent in identifying any set of loopholes within the project
(Yacob, Saruwono and Ismail, 2018). It is highly significant in setting clear set of guidelines to
carry out the project in a reliable manner.
Text messages: It is also one of the relevant procedure which helps in writing down the key
relevant information within the text box and sending it to the relevant people to perform the
project task on a timely manner and with greater set of accuracy.
Budget plan
The project budget is considered to be as one of the key significant tool which is highly
relevant in effectively estimating the income and expenditures related with the project. The
project budget mainly comprise of the key estimation related with the cost which in turn is likely
10
evaluating the key
operations of the project.
proper project
management tools in
order to ensure that
the project is
completed with
utmost degree of
accuracy and on a
timely manner.
Communication Project plan
Communication plan associated with the management of the project is highly significant
because it is prominent in enabling the individual to communicate actively with the team
members associated with the project. It is significant in setting clear set of guidelines and
deadlines to accomplish the task related with the refurbishment of the store (Okakpu and et.al.,
2018). An effective communication plan is necessary because it helps in looping in each set of
project and examining who is responsible for which activity.
Direct phone calls is one of the key prominent medium which helps in connecting with the team
members and sharing key relevant information. This is one of the easy and quick method.
Email is also one of the professional method which helps in attaching the necessary documents
and sending the message to wide set of group members in a professional manner.
Face to face meeting: It is useful in giving appropriate set of presentation associated with the
project. This is in turn highly prominent in identifying any set of loopholes within the project
(Yacob, Saruwono and Ismail, 2018). It is highly significant in setting clear set of guidelines to
carry out the project in a reliable manner.
Text messages: It is also one of the relevant procedure which helps in writing down the key
relevant information within the text box and sending it to the relevant people to perform the
project task on a timely manner and with greater set of accuracy.
Budget plan
The project budget is considered to be as one of the key significant tool which is highly
relevant in effectively estimating the income and expenditures related with the project. The
project budget mainly comprise of the key estimation related with the cost which in turn is likely
10
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