Strategic Project Management for Comfort Homes: A VCM Presentation

This presentation details a strategic project management approach for Comfort Homes Limited (CHL), a property development company. It emphasizes the application of a strategic plan, including strategy mapping for clear communication of project elements like land acquisition and technical specifications. The presentation also discusses the use of Value & Cost Management (VCM) plans for managing stakeholder engagement, leadership, and cultural aspects of the project, focusing on resource positioning and internal customer involvement. Furthermore, it outlines risk and value management plans, including risk identification and mitigation strategies to reduce the impact of potential risks. The presentation concludes by highlighting the importance of effective project management in achieving project objectives within defined parameters, offering a comprehensive overview of how VCM can ensure the success of CHL's project.

Project Management

Table of Contents
 Introduction
 Application of strategic plan for successful project
 Plans with VCM for managing with stakeholder engagement, leadership and cultures
 Discussion of plans for risks and value management
 Conclusion
 References

Introduction
Project management is defined to an application of
processes, measures, skills, experience and
knowledge that are required to accomplish project
goals as per acceptance criteria in agreed
parameters. It is considered to be final deliverables
which are constrained to a finite time period and
budgets. This presentation is based on project
management of Comfort Homes Limited(CHL)
which is property development company that is
engaged in construction industry for more than 10
years.

Application of strategic plan for successful project
As application of strategic plan which could be used by
CHL in order to make their project successful by
reducing uncertainties and difficult conditions of project
are as follows:
 Strategy mapping: It is a visual tool which is
designed by having a clear communication of plan
where information related to land acquisition,
financial, technical, electrical and other elements are
being identified and communicated according project
schedule so that construction project could carried
easily.

Plans with VCM for managing with stakeholder
engagement, leadership and cultures
There are some of plans of VCM that could be used by
project team for managing stakeholder engagement,
leadership, culture of project of CHL are as follows:
 In order to have better stakeholder engagement
resource managers should carry project by
positioning of borrowing of resources for designing
up construction project of separate sewerage
disposal system effectively.
 There should be internal customers in project that
could examine certain cultural and leadership
aspect of carrying out project for determining its
value and cost management and project

Discussion of plans for risks and value management
In order evaluate risks and deal with value management it
is essential for project evaluate risk and value. In
accordance with CHL project plans for risk as well as
value management are as follows:
Risk management:
It is defined as method which consists of risk
identification as well as mitigation strategy for risks. This
plan is formulated to reduce impact of risk events. This
process consists of different elements that are as follows:
 Risk determination: It generally consists of
implementation of check list of capable risk along
with evaluating them.

Conclusion
It has been concluded from above report that project management is defined to be a method of
leading work of a team which is required to accomplish all project objectives. This report this
provides an brief idea about strategic plan which could be applied in project for getting
effective results which could minimize its uncertainties and difficulties of project of CHL.
There is explanation of application of VCM that is mentioned to carry project successfully.

References
 Alupungu, E. and Adinyira, E., 2021. Stakeholder impact on infrastructure project
management in the Ghanaian construction industry: A study of the perception of
construction managers in construction firms (Doctoral dissertation).
 Ganzarain Epelde, J., 2021. Evaluating Disruptive Innovation Project Management
Capabilities.
 Raju, I.B. and Ganta, P., 2021. The impacts of Various Activity Distribution on Project
Management in CPM and PERT Networks. Solid State Technology .64 (2). pp.6502-6513.

Thank You