ENG7143 Assignment Sample. Principles of Project Management
Introduction( ENG7143 Assignment Sample )
In concern to apply project management, the project manager needs to focus on the effective project management process Design, Build & Install an Emergency Power Plant.
The below project management phases will be used in an effective manner to mitigate the potential issues in the organization:
Project Aim– The main purpose of this project is to Design, Build & Install an Emergency Power Plant at a Tidal Barrier.
Project objectives
An effective plan will be designed by the project manager for Design, Build & Install an Emergency Power Plant. In this plan, the project manager of IT system considers different kinds of tasks like schedule, cost, quality, required staff, risk, and procurement.
- To plan an effective design system an Emergency Power Plant a Tidal Barrier
- To manage the design and the process through this IT system
- To Install an Emergency Power Plant in a effective manner for the better
Project Scope
This project will be helpful for the organization to provide proper management as well as to overcome the issues that are facing by the company into organizational management.
Through this system, the organizational Design, Build & Install an Emergency Power Plant for managing the all issue and for managing the Tidal Barrier. The project manager starts the project by determining the value of the project and its feasibility for the organization (Hamish and Wald, 2012).http://ENG7143 Assignment Sample
In concern to this project, the project manager will justify the needs, requirements, and objectives of the project. After successful managing the all sources and the process, Emergency Power Plant at a Tidal Barrier will be build and design.
Project planning
Work Breakdown Structure (WBS)
Work Breakdown Structure (WBS) is a hierarchical structure of the project which consists of different phases, deliverables and also works packages.
Akami (2015) also defined that work breakdown structure is effective key project deliverable which helps to organize the work of team into the managerial sections so that the project gets completed on time without any delay.
In other words, the main purpose of the WBS is to focus on reducing the complicated activities from the collection of tasks. It is a very important way for the project manager because it helps in overseeing the tasks more effectively instead of using the complex activities (Saami-Idahosa et al., 2015).http://ENG7143 Assignment Sample
At the same time, for better work breakdown, it must be important to measure the tasks and independent in order to clear the defined limits efficiently.
Budget cost of work structured (BCWS)
BCWS term is defined as a sum of the budgets which is set for all project work scheduled in order to accomplish the project within a given time period.
According to Harrison and Lock (2017), BCWS is used for calculating the cost that will be incurred for the completion of the project and for that cost of previous work is used for setting the new budget which addresses specific performance within a time frame (Heaney, 2016).http://ENG7143 Assignment Sample
It will be helpful for the firm to to Design, Build & Install an Emergency Power Plant at a Tidal Barrier. The below table is representing the budget for this project that can be allowed by the organization:
Budget calculation: It is assumed that the total budget for the project is £85,000. The budgeted amount for next 6-month is £50,000 but Actual Cost calculated for 6-month is £40,000.
So in summary:
| Particulars | Calculation | Amount | Effects |
| Planned Value (PV) | £50,000 | ||
| Actual Cost (AC) | £40,000 | ||
| Earned Value (EV) | 85,000 * 0.5 | £42,500 | |
| Schedule Variance (SV) = EV – PV | 42,500 – 50,000 | -7,500 | (bad because < 0) |
| Schedule Performance Index (SPI) = EV / PV | 42,500 / 50,000 | 0.85 | (bad because < 1) |
| Cost Variance (CV) = EV – AC | 42,500 – 40,000 | 2,500 | (good because > 0) |
| Cost Performance Index (CPI) = EV / AC | 42,500 / 40,000 | 1.0625 | (good because > 1) |
| Estimated at Completion (EAC) = (Total Project Budget) / CPI | 85,000 / 1.0625 | £80,000 |
On the basis of above calculations, it can be said that the project is considered behind schedule because SV is negative and SPI is < 1.
The project in the ways of 50% completion and the plan for 59% cost has been used till now. At the same time, the project should also catch-up in the remaining six month that is second half of the project.
In addition, this project is considered to be under budget because CV is positive and CPI is > 1. In concern to this, the project is in 50% of the way but our cost is too far due to arability of only 41% of our budget. However, it can be said that this project continues at this pace and then EAC (total cost of the project) will only be £80,000 in oppose of the original budget of the project that is £85,000.
Execution
In concern to this phase, the plan for Design, Build & Install an Emergency Power Plant at a Tidal Barrier will be implemented by the project manager in AITC. In this, the plan will be executed by the project manager according to the designed planning.
Funding Source
The organization will use different sources of funding to complete the project in a successful manner. In concern to this, the loan from banks is the one of major fund provider to the company for this project.
As well, the organization will also use the past revenue and provision as a source of finance to increase the effectiveness of the organizational fund. However, it can be said that bank, organizational revenue, and provisions are the major sources of funding to Design, Build & Install an Emergency Power Plant at a Tidal Barrier. Use of activity-on-arrow or precedence method
The precedence method is an effective method which consists of different diagramming boxes like rectangles which are called nodes and that are connected with each other though arrow in order to reflect the dependencies (Susanto et al., 2018).http://ENG7143 Assignment Sample
On the other hand, activity- on the arrow is also defined with the same term known as precedence method which is related to network diagramming technique in which all activities of the project are represented by arrows. This method is used as a tool by the project manager for scheduling the activities related to the project plan.
Moreover, this method is also used for constructing the diagram of project schedule network which uses boxes as nodes to represent the activities and also to connect them with arrows in order to show the dependencies.
Critical Path Method: – The CPM method is an effective project management method which involves the sequence of the project network activities.
The use of this method helps in identifying the longest path of dependent activities and also helps to measure the time from start to end of completion of the task.
According to Nakfa and Wilensky (2016), it is defined that critical path method is a step-by-step management technique in a project which helps in defining the critical and non-critical tasks with the goals of preventing the problems and process respectively. This technique will also help the firm to Design, Build & Install an Emergency Power Plant in Tidal Barrier.
Gantt Chart (75 Days)
The use of Gantt chart provides help in this project (Design, Build & Install an Emergency Power Plant at a Tidal Barrier) to project manager in the graphical illustration of the schedule in order to plan, control, coordinate and track the all specific project tasks efficiently (Sharon and Dori, 2017).http://ENG7143 Assignment Sample
In simple word, Gantt chart is designed similarly like a horizontal bar chart which is developed by the Henry L. Gantt in the year 1917. This chart is frequently used by the project management in showcasing the duration of each activity.
In this project, the project manager completed the project within 75 where the project started on 1st February 2018 and finished 16th May 2018. In addition to this, the first stage of this project includes the project planning that has been completed with some days and includes different tasks like, plan project, risk planning, and feasibility planning.
On the other hand, it can be said that the next stage of this project is requirement analysis that includes different tasks like Transport genre to site, Lift and place new genre on-site, Commission and sign-off with client, etc.
The Generator Design phase is needed 14 days time to complete it. In like a manner, the next phase of this project is Electronic Systems, which can be completed with 15 days of time. After this, the project manager focuses on the coding and testing that includes different tasks like programming, performance and testing, software testing and test overall codes.
At the same time, On-site foundations are also an important part of the project management that includes different task like Dig foundations, Pour concrete for foundations, pour concrete for foundations, complete purchase, etc. Finally, Final assembly step is completed by the firm and in this, cabling and loom wiring, genre mechanical test; etc. many more steps will be completed.
Gantt Chart (60 Days)
From the above Gantt chart, it can be determined that this project will be completed within 60 days that is earlier from the previous completion time. The reason to complete this project within 60 days is that the duration of the different activities
Network Diagram
| Project to Design, Build & Install an Emergency Power Plant at a Tidal Barrier |
| Electronic Systems |
| Hire of Crane. Lead time |
| E Final assembly |
| Commission and sign-off with client |
| Documentation |
| Plan put up for approval |
| Generator Design |
| On-site foundations |
| Procurement of contractor |
| Procurement of contractor |
| Assembly of core genre into casing |
| Order hardware for electronics |
| Embed and test new programs |
| Erect steel fence and secure |
| Program coding |
| Spray paint outer casing |
| Embed and test new programs |
| Cabling and loom wiring
|
| Order steel security fencing
|
| Pour concrete for foundations |
| Genre electrical tests |
| Genre electronic systems test |
WBS
Baseline
Monitor and Control
The monitoring and controlling phase includes the different aspects, which need to be ensured that the planning has been executed in an effective manner or not. The different aspect includes the reporting, scope, quality, schedule and risk and cost of the project. In concern to this project, the project manager will use the earned value management system as a measurement tool to measure the effectiveness of the project.
Earned Value Management System: –
This management system is used by the project manager for measuring the project performance & program in a best objective manner. In simple words, Chen et al. (2016) clearly defined that earned value help in determining the value of work which required to be completed on a defined date.
This earned value calculation is important for project management as it provides a clear picture of the activities which is involved with the project and that also improves the project visibility and accountability.
Throughout this method, the project manager identifies the risk in system development. In this, the actual cost is compared with the planned value to identify the variance at complete the project. It will be helpful for the firm to Design, Build & Install an Emergency Power Plant at a Tidal Barrier.
References
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