Project Management Report: TSK Bearings Case Study Analysis

This report provides a comprehensive analysis of project management principles, using TSK Bearings as a case study. It begins by exploring different project types, including construction, recruitment, and manufacturing projects, and then delves into scope management techniques, such as planning and work breakdown structures. The report highlights the differences between full project Gantt charts and critical path analysis, emphasizing their roles in time management. It also examines decision-making processes related to project success, including schedule adherence, budget control, and customer satisfaction. Furthermore, the report addresses managing changes within a project and outlines methods for completing projects within budget and on time, such as evaluation, monitoring, and controlling activities. The case study of TSK Bearings, a manufacturer in the automotive industry, is used to illustrate these concepts, including outlining activities, required skills, and the project management process for launching a new manufacturing site. Overall, the report offers a practical guide to effective project management, providing insights and tools applicable to various business scenarios.

Managing Projects

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1. Different types of project with its selection of suitability..................................................1
2. Scope management with tool of sub division of scope of work.........................................2
3. Difference between full project Gantt Chartchart with critical path..................................3
4. Decisions related with the project......................................................................................3
5. Managing changes which are related with project.............................................................3
6. Methods for completing the project within budget and on time........................................4
TASK 2............................................................................................................................................4
Introduction about company...................................................................................................4
Outlining of activities required to manage successfully.........................................................5
Skills and competencies required by project manager...........................................................6
Project management process..................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Projects are known as processing on new task which implement by business managers to
gain better result. Such projects need to be managed by managers of a company in a well-defined
manner so that chances of its success will get enhanced (Cavaleri, Firestone and Reed, 2012).
Sometimes, projects have complex nature which need to get implemented effectively so that user
expectations will be met properly. Every project has limited budget as well as time frame in
which it needs to get completed properly for gaining better and appropriate results. This project
is based on TSK Bearings that deals in manufacturing of loose tools and products which support
in manufacturing of automotive industry. This report aims to determine the various projects with
their scope so that better decision making could be promoted in order to deal with changes.
There are appropriate skills and competencies required by the project manager in order to
manage various activities for making effective project management process.
TASK 1
1. Different types of project with its selection of suitability
Projects are of long term purpose which reflect strength to an organisation so that better
and appropriate results could be achieved (Cleden, 2012). There are various types of projects
evaluated by TSK bearings which need to be evaluated by the manager properly so that
successful implementation of such projects could be promoted. It enables in making things
correct so that chances of positive outcomes could be increased. Differ number of projects which
opted by TSK bearings are stated as follow: Construction project: It is a duty of manager to determine the site for their project where
they can construct products and deliver it to target person. Construction project is
associated with manufacturing of loose tools with the help of new and appropriate
technology. Recruitment and selection: For managing various operations, it is essential to have
appropriate workforce. TSK Bearings can include several number of their existing
employees in a company and some of them get selected from outside of a company. It is
important to manage them as well so that better and appropriate working related with
project get promoted (DeFillippi, 2015).
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 Manufacturing: Third project of TSK Bearing is to manufacture new and high quality
products for which they purchase updated and appropriate technology from Asia and
provide sufficient training to staff to operate such machinery properly to meet customer
expectations.
Apart from these three project, there are few more kinds of project are determine which need to
understand by manager of a company so that projects get manage in an appropriate and effective
manner. The one of the three projects which need to understand by TSK Bearings are as follow: Change driven: For matching and dealing with environment, business need to change
their operations. Thus, it is important for an organisation to driven all modifications
properly which are associated with environment. Market driven: This project management stated about producing and generating a new
project by an organisation in response to meet market needs. TSK Bearings need to start a
new project which align with market driven so that better results could be estimated.
 Crisis Driven: This is associated with all urgent situation which have to consider by
many associations ad to deal with them organisation create and produce vaccines.
2. Scope management with tool of sub division of scope of work
Scope management is defined as a function which leads to utilise in order to develop and
manage the projects. Scope management is a process in which output, outcomes and benefits are
determined. The scope of project is needed to be determined properly so that suitable working
can get promoted (Fageha and Aibinu, 2013). Various tools of sub division of scope of work are
defines as follows: Planning scope: It is a process in which future concern of project is differentiated
properly for creating a base. Division of project: Managers need to divide the project into various deliverables so that
they can get managed in an appropriate manner. Create Work breakdown structure: For evaluating various determinants properly, it is
important to divide the whole project input in an appropriate frame (HOW TO MANAGE
A PROJECT FROM START TO FINISH, 2016). Verification: It is stated with formalisation of project acceptance for which management
needs to verify its essentials properly.
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 Change control: There are several uncertainties arise into business which are required to
be controlled properly. Thus, change control is essential and appropriate for the business
world.
TSK Bearings need to evaluate their scope of project so that better and appropriate
decision making could be promoted. It is important for the project manager to implement and
evaluate all these tools in their scope properly so that tasks get done suitably (Jerbrant and
Karrbom Gustavsson, 2013). For a project, a plan is essential with division of task into smaller
context and it is also essential to verify it in order to get control on various activities.
3. Difference between full project Gantt chart with critical path
Full project Gantt chart includes division of each and every activity properly with
suitable time frame of study. Gantt chart is a helpful measure for many vast and big projects
through which better and appropriate working can be promoted (The Importance of the Gantt
chart and the Critical Path for Project Management, 2015). Thus, full project Gantt chart of
TSK Bearing support and evaluate all dates and time schedule properly so that time allotment for
each task get compared. Business wants to expand them in North East coast of England and open
to all condition. Critical path of a project is helpful in determine the shortest path or longest path
determination of a project so that it get completed in appropriate time frame (Kendrick, 2015).
Name of activity Number of days Predecessors
A 5 days
B 7 days 1
C 6 days 1,2
D 4 days 2
E 2 days 3,4
F 1 day 5
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4. Decisions related with the project
It is essential for every business project to get evaluated its success criteria properly.
There is various process are determining appropriately which concern to evaluate success of
decision of project. TSK bearings have to implement appropriate way for measuring success of
project:
Schedule: One of a way to evaluate success of a project is frame appropriate schedule
and time. Thus, it is important to prepare suitable time frame and managers need to complete
such project is allotted time period. TSK Bearings provide time period to their managers for
completing their project.
Budget: Another thing is related with budget of a project. It is a duty of managers to
complete the project in allotted budget so that it gets success in nature and all its essence remain
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constant (Kendrick, 2015). Thus, TSK bearings managers have to complete their project in
define budget as well as in time.
Customer satisfaction: Last criteria for measuring success of a project is customer
satisfaction. It is one of an important method to evaluate success of a project because it supports
in repeat sales. TSK Bearing need to provide high quality products with new technology so that
customer gets satisfy properly.
5. Managing changes which are related with project
Sometimes, there are several changes are underpinning in a project which are related with
minor and major changes and necessity for project. Thus, it is important for TSK bearings to
manage changes properly so that better and appropriate results could be gain. All changes which
are associated with project need to compare with all resources requirement and its fulfilment. It
is a duty of manager to analyse these changes properly and take beneficial steps in order to
manage them properly. A project manager is responsible to analyse these factors and incorporate
change in the project plan (Larson and Gray, 2013). TSK bearings need to evaluate all these
changes in an appropriate manner which are concern with project like new place for
manufacturing as well as use of modernise technology.
6. Methods for completing the project within budget and on time
It is an important factor for completing the project on time and in provided budget as
well. For implementing a successful project for long term accomplishment of objectives it is
essential to complete all things on time and in define budget as well (Morse, Babcock and
Murthy, 2014). Various methods which are associated with completing of project within budget
and on time are stated as follow:
Evaluation – It is important to evaluate all important factors of project properly so that
all pros and cons get identify effectively. TSK Bearings need to evaluate that their new project is
feasible in nature or not.
Monitoring – Project managers and leaders keep regular checks to complete the tasks.
For determine the success criteria of project a major thing is just to monitor out each and every
factor properly. TSK Bearings managers have to take a look upon on each and every activity
properly for making things appropriate.
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Controlling – The last thing or method which supported in order to complete project on
time and in budget is control. Managers have to make appropriate control on each and every
operation properly so that better and suitable outcome could be gain. TSK Bearings managers
have to make an appropriate control on project so that better resultant could be received
(Ochieng and Hughes, 2013).
TASK 2
Introduction about company
TSK Bearings limited is a specialise association whom lead to manufacture industrial
bearings for automotive industry. The company was successfully operating in UK since 1980 and
they are major suppliers for global car manufacturing material. The company need to launch
their another new one off side project with £12 million pounds which includes purchase and
building of a manufacturing site, located directly off the
North- East coast of England and open to all weather conditions. Several team members are
recruited external whereas some are recruited internally. The new technology for project must be
implemented in the year March 2018 for meeting with customer expectations. This includes,
various activities as well as skills and competencies of a manager with a definite process
(Patanakul, 2015).
Outlining of activities required to manage successfully
There are various activities need get evaluated properly which are associated to
implement the project effectively. It is a duty of manager to determine various activities
effectively so that work and project get manage properly. A project is decomposed with various
activities and deliverables which need to get evaluated by managers in an appropriate manner.
Thus, various activities which outlining in a project and have to get manage successfully are
stated as follow: Determination of goal: It is a duty or consider as one of a major aspect which stated
about project. Thus, for a project, it is essential to describe the project into many small
contexts so that goals get decided in an appropriate frame (Petit, 2012). TSK Bearings
have a clear goal which is to produce high quality standard products to their customers so
that their requirement gets fulfil and they get satisfy as well.
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 Evaluation of task: For working towards a target, there are various task are describing
which need to follow and evaluate by line managers properly. For making a concern
towards working, it is important for business managers to evaluate each and every
associated task properly so that they become able to accomplish all goals and targets
properly. This is another major activity which is related with TSK bearing working for
managing a successful business project. Team working: Another thing which relates with project management is team
development and team working. It is a duty of managers to create and frame such type of
unit in an association whom lead to work together in order to gain best suited results.
TSK bearings need to develop such form of unit whom are dedicatedly working towards
target and make a healthy environment as well which facilitate in order to reduce chances
of issues and conflicts (Phillips, 2013). Training: It is necessary that newly formulated team is to be provided with right set of
knowledge, behaviour and skills so that they are able to assist in implementation with
latest technology manufactured from Asia. According to the project, they are to be
provided with 12 months of training so that they are able to carry out allotted tasks.
 Feedback: The last thing which is associated with effective and successful
implementation of project is taking and gaining feedback by customers. Thus, it is a duty
of managers to take appropriate feedback from each and every customer properly so that
all things get done in an appropriate frame in order to accomplish all goals and targets
properly. TSK Bearings need to gain suitable feedback from their clients that new project
products and services charged with high quality standard or not (Polonsky and Waller,
2014).
These are several activities which are charged with an effective and appropriate staff
member whom dedicated towards working and target accomplishment. These activities need to
get done in an appropriate frame which have to get evaluated through WBS so that success
criteria get enhance. Hence, it is a duty of manager to implement these activities properly for
making such project outcome successful in nature. TSK Bearings need to evaluate each and
every activity properly and outline in a systematic frame so that they become able to manage
working and gain best suited outcome.
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Skills and competencies required by project manager
There are various skills and competencies required by project manager in order to
complete a project in an appropriate and effective manner. It is essential to gain such skills and
factors in consideration properly so that business become able to maximise the working and gain
all targets properly (Saunders and Lewis, 2012). TSK Bearings need to gain such manager for
working which is responsible in nature and have good and appropriate skills and competencies in
order to work effectively and properly. Although, various skills and competencies which needed
by TSK Bearings manager have to gain are stated as follow: Communication: It is important for every project to facilitate effective and appropriate
communication chain between various personnel so that optimum utilisation of resources
get manage. One of a skill which have to determine in business managers is
communication which make project execution easy and appropriate. TSK Bearings need
to communicate each and every pros and cons of project with all related factors and
elements properly so that suitable gain get motivate. Manager of a project need these
skills on prior basis so that chances of duplication get minimise and effective gain get
encounter. Leadership: One of a major thing which require by every line manager to leadership.
Leaders are not born as all leadership qualities are from birth born. Thus, it is a duty of
leader to work and encourage all personnel properly and resolve all issues and problems
of their team properly. TSK Bearings need such leaders in their company whom are able
to guide others and make their followers effective in nature for accomplishing all goals
and targets properly. There are various leadership styles can be opting by business
managers in which they become able to motivate and encourage each and every
personnel properly so that they become concern towards working and target
accomplishment (Sparrow, 2012). Team building: Another major competency which needed by project manager of TSK is
team building which stated that manager need to use such things and factor which enable
them in framing an effective team. Team building is one of a most typical task because
without coordination and cop up of working this consent is not appropriate as all people
are related with differ culture and values. TSK need to create such team which support
them in order to accomplish all goals and targets properly so that better and suitable gain
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could be encounter. For every successful project, it is important to create a team and for
this manager need to evaluate and use suitable method. There are various approaches are
determining which need to consider by TSK Bearings project manager properly so that
they become able to manage working and gain best suited results. For this consent,
management can use Tuckman and Belbin model of team building. An ineffective team
always restrict business and project to meet with all essentials of a project.
 Risk management: One of a skill which require by TSK manager is to manage risk and
conflict at the time of project effectively and properly. This skill is needed for an
organisation through which manager become able to deal with various risk factors and
conflicts in an association properly so that better and appropriate results could be gain.
This skill is needed and required by managers in order to work ethically and accomplish
all goals and targets properly (Teller, Kock and Gemünden, 2014).
These all are several skills and competencies which require by managers of TSK
Bearings and have to work on by business managers properly so that association become able to
meet with all requirements properly as well as appropriate utilisation of technology get
promoted.
Project manager of a company play an important and vital role and it is a major
obligation of PM to perform their duty properly so that better results could be gain. Thus, project
manager have several roles which need to understand by TSK Bearings in an appropriate frame
which stated as follow:
 It is a person whom is charged with managing project in an appropriate frame
with follow the expected objectives, scope and schedule of a project in an
effective manner. Thus, TSK Bearings project manager need to fulfil their duties
and responsibilities in an appropriate manner.
 Project manager leads the project and provide appropriate vision, direction and
encouragement to perform all duties and obligations properly.
 Project manager play an appropriate role in order to deliver the event properly and
consider as responsible authority for performing their operations effectively.
Project management process
Every project has definite process which have to get follow by business managers
properly so that appropriate and suitable outcome get accomplish. Thus, an appropriate project
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management process has to follow by TSK Bearings manager so that effective and suitable gain
could be estimated in a well define manner which is stated as follow: Planning: One of a major thing is associated with any project is planning which includes
cost, scope, time of a project and have to critically use by business managers. Planning is
not an easy thing and it includes in a project management process. Thus, managers have
to take this factor in account properly so that better and appropriate working could be
promoted with successful implementation of project (Thamhain, 2013). Execution: All planned activities need to execute in an appropriate and effective manner
so that better and appropriate working could be encourage. It is essential to include
execution procedure in project management so that better and appropriate task
implementation get done. TSK Bearing frame a plan of their work which need to get done
in an appropriate manner. Thus, by executing all matter of fact properly chances of
successful working get enhance. Control: Process includes control over on each and every activity properly because with
the help of effective and appropriate control chances of successful implementation of
project get rises. Thus, this consent is beneficial for long term purpose so that all suitable
gains get entertain. TSK Bearings managers need to make and facilitate an appropriate
control over on many task and consents so that better and effective productivity get done.
 Closing: This is associated with completion of project in which all essential demands and
requirements get fulfil properly. Closing of project is an important thing which associated
with task effectiveness and efficiency. Thus, managers need to perform each and every
consent properly and close operations of project properly. This enables in reduce chances
of bias and arrears (van Offenbeek and Vos, 2016).
These are several points which are associated with project management process and have
to include by managers in an appropriate manner. On the basis of this process, chances of
making things positive and appropriate in nature become possible so that better and effective
gain get promoted. Thus, business managers need to be more focus on their working for
enhancing performance.
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CONCLUSION
It can be concluded from the report that management of projects is not an easy task and it
needs appropriate monitoring and evaluation so that decided aim could be attained. Projects are
divided into scope management play an appropriate role in order to understand and evaluate
future perspective properly. It is important to evaluate all such points which support in making a
project successful and take appropriate action against all minor and major changes. For
completing a project on time and in budget, various tools and methods need to be utilise by
business managers. All essential activities need to outline by project managers and deal with
them by using their skills and competencies. Different type of projects is there which undertake
by enterprises to achieve end results and goals. Further, various methods are these which can be
use by firms to complete the specific task in given period of time, For achieve desired results, it
is very important for managers to manage every change which take place during completion of
project.
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