INF2040 Project Management For the Cost Budget Provision
Answer:
Network Information Chart
The network information chart has been developed using the Ms-Project file and excel sheet. The completion of the report would be implied with the implication of the work development. The network information chart is implied with the implication of the works and listing the management of the work and integrating the alignment development. The development of the network information chart would be implied with the continuation of the works. The integration would be implied with the formation of the activities in a smart work development.
|
Activity |
Description |
Preceding Activity |
|
2 |
Requirement Analysis |
None |
|
3 |
Charter Documentation |
2 |
|
4 |
Project Initiation document |
2 |
|
5 |
Submission of document |
3,4 |
|
6 |
Sign off |
5 |
|
8 |
Activity Scheduling |
2 |
|
9 |
Identification of precedence |
8 |
|
10 |
Complete Plan Development |
8 |
|
11 |
Plan Approval |
9,10 |
|
14 |
Cars Storage Area is developed |
11 |
|
15 |
Tested for required space |
14 |
|
16 |
Completion of storage sector |
11 |
|
17 |
Storage Developed |
15,16 |
|
19 |
Hiring of the 2 Transportation Contractors |
11 |
|
20 |
Buy a used 5 ton truck |
19 |
|
21 |
Forming the effective development of the works |
11 |
|
22 |
Completion of transportation works |
20,21 |
|
24 |
Car Wash section is developed |
17,5 |
|
25 |
Car Dry section is developed |
17 |
|
26 |
Integration of the three sections |
22,24,25 |
|
27 |
Completion of the construction and development |
26 |
|
29 |
Final Documentation |
27 |
|
30 |
Post Project Works |
27 |
|
31 |
Review of the system |
29 |
|
32 |
Implementation |
31 |
|
33 |
Closed |
30,32 |
Forward Pass
The forward passes of the project of Exotic Car Storage and Transportation are given below,
- Requirement Analysis àActivity Scheduling àComplete Plan Development à Plan Approval à Cars Storage Area is developed à Tested for required space à Hiring of the 2 Transportation Contractors à Car Wash section is developed à Integration of the three sections à Completion of the construction and development à Post Project Works à Closed
- Requirement Analysis àProject Initiation document àSubmission of document à Sign off à Car Dry section is developed à Car Wash section is developed à Integration of the three sections à Completion of the construction and development à Post Project Works à Closed
- Requirement Analysis àProject Charter àSubmission of document à Sign off à Car Dry section is developed à Car Wash section is developed à Integration of the three sections à Completion of the construction and development à Post Project Works à Closed
- Requirement Analysis àProject Charter àIdentification of precedenceà Submission of document à Sign off à Completion of storage sector à Car Dry section is developed à Car Wash section is developed à Integration of the three sections à Completion of the construction and development à Post Project Works à Closed
- Requirement Analysis àProject Charter àIdentification of precedenceà Submission of document à Sign off à Storage Developed à Buy a used 5 ton truck à Completion of transportation works à Integration of the three sections à Completion of the construction and development à Post Project Works à Closed
Backward Pass
- Requirement Analysis ßActivity Scheduling ßComplete Plan Development ß Plan Approval ß Cars Storage Area is developed ß Tested for required space ß Hiring of the 2 Transportation Contractors ß Car Wash section is developed ß Integration of the three sections ß Completion of the construction and development ß Post Project Works ß Closed
- Requirement Analysis ßProject Initiation document ßSubmission of document ß Sign off ß Car Dry section is developed ß Car Wash section is developed ß Integration of the three sections ß Completion of the construction and development ß Post Project Works ß Closed
- Requirement Analysis ßProject Charter ßSubmission of document ß Sign off ß Car Dry section is developed ß Car Wash section is developed ß Integration of the three sections ß Completion of the construction and development ß Post Project Works ß Closed
- Requirement Analysis ßProject Charter ßIdentification of precedenceß Submission of document ß Sign off ß Completion of storage sector ß Car Dry section is developed ß Car Wash section is developed ß Integration of the three sections ß Completion of the construction and development ß Post Project Works ß Closed
- Requirement Analysis ßProject Charter ßIdentification of precedenceß Submission of document ß Sign off ß Storage Developed ß Buy a used 5 ton truck ß Completion of transportation works ß Integration of the three sections ß Completion of the construction and development ß Post Project Works ß Closed
Critical Path
The identified critical path of the project is
Requirement Analysis à Activity Scheduling à Complete Plan Development à Plan Approval à Cars Storage Area is developed à Tested for required space à Hiring of the 2 Transportation Contractors à Car Wash section is developed à Integration of the three sections à Completion of the construction and development à Post Project Works à Closed
Risk Assessment Form
|
Risk Event |
Likelihood |
Impact |
Detection Difficulty |
Risk Rating |
When |
|
Delay in Completion |
Very Likely |
Low |
Low |
3 |
Initial Phase |
|
Over budget |
Likely |
Medium |
Medium |
2 |
Third Phase |
|
Procurement Issue |
Possible |
High |
High |
4 |
Last Phase |
|
Client Disagreement |
Unlikely |
High |
Medium |
5 |
Second Phase |
Risk Response Matrix
|
Event |
Response |
Contingency |
Trigger |
Responsibility |
|
1. Delay in Completion
|
Mitigate: Time Management Plan |
Calendar software can be used |
Work requirements |
Planner |
|
2. Over budget
|
Transfer: Cost Budget Provision |
Provisional Budget should be implied |
Lack of resources |
Budgeter |
|
3. Procurement Issue
|
Avoid: Design build procurement |
Effective Design development |
Change in work definition |
HR management |
|
4. Client Disagreement
|
Retain: Work Alignment Method |
Disagreement would require negotiation |
Client having second thoughts |
Client/Project Manager |
Recommendation
Time Management Plan: The time management plan is very effective with the implication of the smart work development. The time considered for the implication works would be effectively implied with the listing of the improved work development. The time management would be effectively developed with the consideration of the smart analysis works.
Cost Budget Provision: The provisional budget development has been developed for the listing of the works and formation of the improved listing management works. The effective cost budget estimation has been defined with the formation of the effective work alignment. The budget development has been implied with the consideration management.
Design build procurement: The design build procurement has been developed for the listing of the successful management processing. The improved design build procurement has been improved with the consideration management. The proper design development has been implied for successful completion of the work.
Work Alignment Method: The negotiation of the works has been implied with the consideration of the factors and limitation of the improved work development. The negotiation of the works would be effectively developed with the consideration of the work development.
Bibliography
Harrison, F. and Lock, D., 2017. Advanced project management: a structured approach. Routledge.
Heagney, J., 2016. Fundamentals of project management. Amacom.
Kerzner, H. and Kerzner, H.R., 2017. Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Kerzner, H., 2018. Project management best practices: Achieving global excellence. John Wiley & Sons.
Larson, E.W., Gray, C.F., Danlin, U., Honig, B. and Bacarini, D., 2014. Project management: The managerial process (Vol. 6). Grandview Heights, OH: McGraw-Hill Education.
Marchewka, J.T., 2014. Information technology project management. John Wiley & Sons.
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