Wolfron City Redevelopment: Cost Breakdown & Project Management

This project report outlines a redevelopment plan for Wolfron City, aimed at boosting its tourism sector with a £1 billion budget. It details procurement alternatives for infrastructure upgrades, including transportation, water supplies, and telecommunications. The report includes a Work Breakdown Structure (WBS) that breaks down the project into manageable components, such as housing construction, and a Cost Breakdown Structure (CBS) categorizing project costs into fixed and variable expenses. A network diagram illustrates the interrelationships between project activities, and project management and tracking plans are provided for delivery, along with a plan for analyzing potential delays, ensuring the project stays on track and within budget. The report emphasizes the importance of comprehensive planning and resource allocation to achieve the project's objectives and enhance the tourist experience.

Portfolio Project

Table of Contents
INTRODUCTION...........................................................................................................................3
Procurement alternative to be used..................................................................................................3
Work Breakdown Structure.............................................................................................................5
Cost Breakdown Structure...............................................................................................................5
Develop a Network Diagram...........................................................................................................8
Project Management and Tracking Plans for Delivery..................................................................10
Plan for Analysing Delays.............................................................................................................11
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Project management can be defined as the process of planning, control as well as
coordination of a project from its initiation to completion (Abate, Bonafini and Ferrari, 2022).
The primary aim of project management is to ensure that the client's requirements are met and
that the project is completed on time within the budget without any compromise on the quality
standards. There are different components of project management such as planning, developing a
work breakdown structure, scheduling as well as monitoring and control. The project manager is
responsible for overlooking the different project activities as well as ensuring that the team
members are aware of their respective roles as well as responsibilities. The respective report is
based on Wolfron City that has an approximate population of 1 million. The goal of the city is to
boost its tourism sector for which £1 billion is available for the redevelopment project. The
report will provide recommendations as well as procurement alternatives will be provided. Apart
from this, the report will also include a work breakdown structure, a cost breakdown structure as
well as a network diagram to facilitate a better understanding.
Procurement alternative to be used
Procurement can be defined as the process that involves each and every activity that is
involved in obtaining the goods as well as services that are needed to support the daily operations
or carry out a project in a smooth manner. The different activities that are included in
procurement are sourcing, negotiating terms, purchasing items, receiving as well as inspecting
the goods and lastly maintaining the records of all these steps in the process. In context of the
respective project, the Wolfron City wants to boost its tourism sector and in order to do so, the
city has planned to expand as well as upgrade the overall infrastructure of the city, provision for
extra housing as well as leisure facilities along with other needs (Chaudhury, Alam and Dooty,
2022). It can be stated that the procurement for this project would require various activities to
ensure that the project is undertaken in a smooth manner. The different activities can include
planning about what changes have to be made to the existing infrastructure. Once this is done,
the next step would be to develop a list of the different raw materials that will be required to
undertake the project effectively. In order to improve the infrastructure, the existing
transportation will be improved and also, water supplies across the city will also be developed.
This is important because it will ensure that adequate facilities are available to the tourists and

that they are able to enjoy their stay within the city. Apart from this, telecommunications will
also be improved and in order to introduce these changes, various raw materials will be required
such as water pipes, new transports will be introduced. This will be done mainly to improve the
infrastructure for the tourists. It will also be ensured that appropriate planning is done to check
the amount of funding that will be required for each of these projects. It is important to
understand that planning helps in ensuring that the appropriate resources are available and that
the project is conducted in an effective manner (Bouchard, Fritz and Sjöberg, 2022). An
infrastructure development plan will also be undertaken to make sure that the overall activities as
well as their costs can be analysed and kept a track of. Enough transportation facilities as well as
means should be made available to the tourists to make sure that they are able to explore the
different parts of the city in an effective manner.
Appropriately designed as well as adequate provision for housing will also be made
available for the tourists. The reason behind this is that the tourists will have proper as well as
adequate facilities during their stay. This is an important factor that will ensure that the overall
project is conducted in an effective manner and that the tourists get a positive impression of the
city as well as its infrastructure. Tourists place a great importance on the overall infrastructure as
well as the facilities within the city they visit. It is important to make sure that these procurement
activities are taken into account and that the goals as well as objectives are achieved. This is
because it helps in ensuring that the tourists are able to have a good time as well as enjoy their
trip and stay. Water as well as other basic facilities should be taken care of as well as made
available so that there is an increase in the tourism of the place (Tenera and Varajão, 2022).
There will be guaranteed that appropriate planning is done to check the amount of funding that
will be required for each of these projects. It is important to realize that planning helps in
ensuring that the appropriate resources are available and that the project is conducted in an
effective manner. An infrastructure development plan will also be undertaken to make sure that
the human activity as well as their costs can be analysed and kept a track of (Beljan, Dolinar and
Hodges, 2022). The housing provisions that will be made available for the tourists will include
resorts, hotels as well as home stays. This will ensure that there are adequate housing facilities
for the tourists so that they are able to explore the place in a much more efficient manner. It is
important to take these procurement activities into account to make sure that the overall
experience of the tourists is effective and they would want to visit the city again.

Figure 1: Housework Breakdown Structure.
Work Breakdown Structure
A work breakdown structure (WBS) is a standard in project planning and information systems
that divide a venture into a network of outcomes and activities. It's a straightforward, logical
approach to arranging and comprehending their scope statement into less, smaller portions.
Fundamentally, employing a work breakdown structure includes searching at each work from the
top to bottom and narrow it down into the subparts that will bring to the finish line (Commerford,
Hatfield and Houston, 2018). It's a useful tool for defining a thorough expense or time estimation
as well as providing recommendations for timetable management and monitoring.
Wolfron City
PROJECT TITLE Wolfron City Housing
PROJECT MANA
A family tree chat-like visual depiction of the construction WBS is produced by project leaders.
A 3-bedroom house has been chosen for Wolfron City House as one of the project's five stages.

Installation of a new first, followed by Superstructure, Utilities, and finally Phase was chosen for
every component and subsection of the construction.
Benefits of WBS
As was previously said, utilising a WBS within a project has several benefits, including:
1. Determine who is responsible for each construction project.
2. Eliminating any misunderstandings, clearly and completely outline the tasks to be
accomplished.
3. Avoid job duplication by assigning an assignment to a single individual or item.
4. Help the many job functions engaged in construction project communicate with one
another
5. Increase the level of comprehension of the project among all people concerned
6. Increase the project's comprehension by outsiders
Cost Breakdown Structure
A Cost Breakdown Structure (CBS) is a summary or hierarchy depiction of a project's
expenses. The Cost Breakdown Structure defines the prices of the Work Breakdown Structure's
elements (WBS). The CBS is a significant instrument in project accounts and investment
elements, and it offers a platform for implementing demonstrable price regulation. A Cost
Breakdown Structure (CBS) is a breakdowns or structured depiction of a development's expenses
(Commerford, Hatfield and Houston, 2018). The Cost Breakdown Framework emphasizes the
prices of the Work Breakdown Structure's elements (WBS). The CBS is an essential system for
controlling the life cycle, particularly the monetary components of every enterprise by
establishing a framework for implementing demonstrable price regulation.
The expenditures incurred by a company can be categorized into different heads, but they
have been primarily divided into fixed and variable costs. Even as title suggests, the
aforementioned stays unchanged whereas the latter changes with reverence to the products
generated, and therefore it is critical for a company to maintain parity and an equilibration in
either of each other because it can add value to the firm’s success. The fixed expenditures should
include financial costs including electricity, mortgage payment, administrative fees, and security
charges for the company, and these are costs that will be experienced even though the firm is not
functioning, and therefore they will continue to accrue all across the lifetime of a product.
Variable expenses for this company will include logistics and distribution fees, inventories, and

most of the other expenditures that will be incurred as a result of the company's direct marketing.
Thus, it is vital for a company to recover most of its fixed expenditures in order to persist and
thrive in the market for a greater duration of time by becoming successful in the industry for a
much prolonged period of time. Furthermore, variable costs are the cost of generating an units of
output, thus it would be more advantageous for the business to generate as much as possible so
its per item cost may be reduced and the company might become competitive in the sector in
which it operates (Fan and Chatterjee, 2019).
Activity
descriptio
n
L
a
b
Lab Pla
nt
Ma
ts
Sub
Con
Site
O/H
H.O.
O/H
Profi
t
c
at
.
£ £ £ £ £ £ £
A Design
and
Procurmen
t
1 1,500
1,500
600 60
0
10,00
0
10,00
0
200 200 200 200 400 400
B Earthwork 1 7,500
7,500
1,0
00
1,0
00
1,000 1,00
0
300 300 300 300 400 50
C Foundatio
n
1 13,000
13,000
300 30
0
400 400 300 300 300 300 600
D Concrete 1 8,000
8,000
500 50
0
500 500 300 300 300 300
E Concrete
Slab
1 5,000
5,000
400 40
0
400 400 200 200 200
F Wall 1 13,300
32,200
800 80
0
800 800 300 300 30
G Roofing 3 16,300
16,300
600 60
0
400 400 300 300
H Plumbing
+ Heating
1 20,500
16,400
300 24
0
900 720 200

I Electrics 5 5,000
2,500
300 15
0
500 250
J Door 4 1,200
360
600 18
0
1,00
0
300
K Windows/
Glazing
2 4,200
1,260
200 60
L Building
Finishes
5 3,700
370
200 20 4,00
0
400
Value end
month 7
98,615
84,905
6,0
00
5,0
50
Resources Cost ( in £)
Equipments 3000
Office space 1500
Incorporation fees 2000
marketing expenses 3500
Payroll 3000
Miscellaneous 2000
Develop a Network Diagram
A network diagram is a visual depiction of a project that uses a sequence of interconnected lines
and squares to show the interrelationships between the project's operations. The action
specification is represented by boxes or networks, and the link between the tasks is shown by
connections. Every action must have a beginning and an end, and other such actions must fit
among these constraints. There are various techniques to design a network diagram, but the
priority flowchart and the vector charting technique are the two most used (Guironnet, Attuyer
and Halbert, 2016). Several project teams nowadays design their network diagrams using the

consequence Gantt charts. When beginning project activities, it is critical to create the Network
Diagram. During creating the Network Diagram, a project coordinator should incorporate
different users, such as the participants. Unless a new squad member(s) joins their work in the
middle, a project coordinator can direct him/her to the Network Diagram to obtain a better grasp
of the program and close the gap to everybody.
These graph depicts research on the creation of visual depictions of objectives or
operations. This diagram requires various jobs to be grouped in a periodic time manner while
controlling job tasks. These event will bring together a variety of organizational kinds to tackle
work plans and procedures. These numerous actions are classified into groups depending on the
needs and carried out in accordance with a strategic process. This has an impact on the multiple

assignments and responsibilities that are being used to organise job and deliver established goals.
When development projects are concluded, the organisation may conduct an analysis of the
project. Upon work completed, a network diagram may aid in the management of various
procedures including such assignment job responsibility distribution and analyzing success
monitoring based on predefined criteria.
Project Management and Tracking Plans for Delivery
A project plan is a set of official papers that specify the project's involved in the
implementation phases. The plan incorporates risk mitigation, management systems, and
marketing concerns, as well as scope, price, and part of the strategy. Project tracking commences
with planning stage and continues till the task is finished. Checking work progress in case of
complications and make corrections in a reasonable timeframe. Monitoring projects progress on
a daily basis to discover deviations from the project management plan in order to keep work on
schedule. Project tracking is among the most important responsibilities they have as a product
owner. Visitors should be able to provide the correct progress reports at any moment, including
how much good change has been done in comparison to projected development. Management
should also be aware of what main activities and objectives have been completed, as well as if
the plan is on track to fulfil its closing date. Without the need for a project monitoring system,
they risk losing sight of needs to enter that might jeopardise project implementation and being
caught off guard whenever a greater seeks a help expand (Ma, 2020).
Any proposed action that does not contribute significantly to the manufacture of a product
should be reformed or deleted from the planning phase. Whether they are unsure about the
concept of deliberative, they may always read the story on determining project outcomes.
Despite of how many activities the projects team and management perform, the project
management team may not have been compensated unless a deliverables is generated and
approved by the client! Because the end product is the consequence of some action or effort, it
must be quantifiable and distinct. A deliverable is described in project planning as a
"quantifiable, physical, provable product that must be generated to accomplish a business stage."
There is mentioned tracking plan for delivery project such as:

There are numerous project tracking solutions information in the digital world, such
project tracking software has made managing enterprises of all kinds a breeze. The following are
the advantages of project monitoring software more than a traditional project tracker:
 Project status updated in real time: Project monitoring software gives everyone
participating in a development, from teammates to top leadership, rapid accessibility to
speed statistics.
 Keeping one stage aware of these potential difficulties and challenges: The sooner they
identify possible project issues, the easier it is to resolve them. Project management
software allows leaders to allocate personnel and adjust objectives at the drop of a hat
when difficulties impede status of the project.
 Maintaining team motivation: Whenever groups can observe day-to-day performance and
just see work lists shrink as the project nears the end, it helps preserve enthusiasm strong.
Furthermore, project management software enables employees to see how their inputs
contribute to the overall image of the ultimate product (Mets, 2018).
 Report with precision and simplicity: Furthermore, project management software allows
for rapid and straightforward monitoring. Effective managers understand that new
investor demand tailored reporting. User may simply develop bespoke statistics with the
correct project monitoring software while having to spend hours assembling information
from various.
On the basis of this plan identify all the activities and complete in limited period of time Wolfron
city boosting tourism in effective way and apply all the related tracking trekking activities in
proper manner. A project tracker is important since before the development's implementation
stage. It can assist them organize the materials you'll need to accomplish the duties throughout
project planning. When they reach the process and reporting phase of their work, the technology
truly comes into play, enabling customers to determine whether their real development
corresponds to where you expected to be there at that point. To manage any project, they must
use project monitoring software. It provides users with a mechanism for managing the three
constraints of time, money, and complexity. Leaders understand the importance when activities
are done and that they are not consuming more than just the budgeted expenditures and
manpower.

Consider Through monitoring the responsibility matrix and network diagram venture,
administrators can evaluate real to anticipated performance and discover concerns that may
prohibit the proposal from keeping on time and under budget. Management will be able to watch
their project's performance and provide resources on demand with this project monitor.
It's also important to keep in mind the tripartite control while monitoring and delivering the
Wolfron city development (time, cost, and scope). Effective estimate and management are
essential for handling these interconnected elements (Rauch, Fink and Hatak, 2018). To begin,
calculate expenses in order to generate a budget plan, the time it will take to complete activities
in order to produce a project timeline and the size of the work in order to build a project timeline.
They must also make note of them since the implementation stage using a project planner that
helps to measure labor, expenses, and activities. Through constructing these 3 phases: Work
Breakdown Structure, Cost Breakdown Structure, and Network Diagram Structure when
executing the operation, the potential of a controllable venture is eliminated.
Plan for Analysing Delays
One of the most typical issues in project management is unanticipated postponement.
According to one poll, just under half of businesses finish projects on time. Maintaining
successfully employed was cited as one of the most difficult difficulties by approximately half of
project leaders (46 percent) that answered to some other poll. Project delays appear to be more
common than not. A delay analysis might employ a variety of analysis approaches. The Effected
As-Planned approach was commonly utilised in the initial periods of CPM planning, and as
we've gotten more advanced in our timetabling, As-Planned is no longer as extensively used as it
was then, for the following reasons:
 As-Built data is not taken into consideration by Influenced As-Planned.
 Influenced As-Planned fails to account for the reality that essential path(s) might shift as
a timetable progresses.
Nevertheless, in their perspective, the Effected As-Planned technique is straightforward to
comprehend and provides a solid beginning for scheduling algorithm who wants to learn more
about Delay Analysis. It also serves as a useful foundation for understanding more advanced
methodologies including such Time Report.
There are mentioned different types of measuring analysis such as: