Assignment of the Week- Project Management Assignment

Assignment

Assignment of the Week- Project Management Assignment

Project Management is basically the application of knowledge, skills, experience and methods in order to achieve the desired result. Due to the vast area of project management students get confuse and requires academic assistance from expert writers. Students, across the globe face difficulty in completing their assignment writing tasks along with their daily academic work. Moreover, they lack time to research properly on a topic and end up getting low grades. To help these students My Assignment Services is here to serve them with the most reliable project management assignment help.

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Students studying project management struggle with varied problems like assembling their thoughts properly, writing in an argumentative style or making the document in an organized manner, etc. Students usually get overblown by such problems and search the internet to seek project management assignment writing help. The expert team at My Assignment Services makes sure that no query of the student remains unanswered. Our skilled team is round the clock available to address your queries in the best possible manner. My Assignment Services promise students to live up their expectations, but for that you have to give us a chance.

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Mia from Melbourne got in touch with us by directly calling our experts on one of the contact number mentioned on our website www.myassignmnetservices.com with the problems regarding the project management assignment. Our customer care experts were swift enough to rectify her doubts. She asked a series of questions from our expert like, what will be the final price for the assignment? When will the work be delivered? What quality work will be provided? Etc. as the assignment was highly important to her and she could not afford to score low. Our support team assured her that the assignment will be delivered to her before the hand in date along with high-quality information from credible sources. She was then asked to submit her assignment details so that the team could prepare the payment quote. Our experts provided her a quote that was according to her budget. She made the desired payment and wanted her work to get started soon.

From Mia’s side we received all the necessary requirements. Now our support team forwarded the details of the assignment to our quality team, who checked all the requirements and allotted the assignment to the best project management experts .

Given below is the assignment question:

Assignment Question

You are required to think about a project that you might be involved in or would like to understand better. E.g.

  • Construction
  • Retail
  • Agriculture
  • Public health

Develop a project plan in MS project 2013 or any other project management software. Prepare a report in MS Word to the project sponsor that shows how you propose to implement this project.

Exclusive Help from My Assignment Services

Our project management assignment writer went through the entire question and assignment details in order to build an understanding about how the assignment is to be structured. Then he started the research work so that no important information is missed out. She took help from various journals to ensure that the assignment include information only from the credible sources. Our assignment writing expert was able to complete the assignment before the deadline. From her side, she ensured that the assignment is checked by the quality team before it is delivered to the student. By completing the assignments as per the client’s requests, it was delivered to Mia before the given period of time and along with a ‘Tunitin’ report, that proves our plagiarism policy. Mia was extremely impressed by our work and promised to contact us for her future assignments.

Assignment Solution

 

INTRODUCTION

The report presents a project plan describing the plan for a project of constructing a new bridge over a small river, which has a zoo on the other side. A project plan refers to the formal document that is presented to describe the design and plans for a given project (Kerzner, 2013). It helps in defining the requirements of the project, which is then used as a guide or blueprint for carrying out or completing the project. The project plan is one of the most important documents for project management and completion (Kerzner, 2013). Different aspects of the project plan are described below with respect to the project of constructing a small bridge as stated above.

GOALS, SCOPE AND ASSUMPTIONS

PROJECT GOALS

To construct a new bridge over a small river

To complete the project within one year of its start

To complete the project within a budget of $20,000

To ensure high quality of the bridge

SCOPE

The scope of the project is the construction of the bridge such that it is ready to use by people. The scope hence includes preparation of the site for the construction, procurement of all the materials as required for it and the final construction.

ASSUMPTIONS

The costs of materials and other resources would remain the same during the project

The project needs to be completed according to the defined requirements in the plan document

PERCEIVED BENEFITS OF THE PROJECT

The river has a zoo on the other side and the current means of crossing the river is a boat. Hence, the project would not only benefit the people and would make it easier for them to cross the river via the bridge but would also help in increasing the revenues of the zoo as more people would be able to cross the bridge easily. Thus, the project would have multiple advantages and benefits.

TASKS

There are various projects that need to be completed in the project and they can be divided into different groups. Marques et al (2011) explain that categorization of tasks of a project helps in better planning and also helps in ensuring that the tasks are planned better. Allocation of resources also becomes better with the categorization of tasks (Marques et al 2011). The tasks for the project and their start and end date along with duration are given below.

RESOURCES

Resource management is one of the most important aspects of project planning and management and involves all activities related to the acquisition, application and management of resources (Turner, 2014). Hwang and Ng (2013) argue that resources are among the key constraints that are faced by a project and it is important to ensure that the project tasks are completed within the available resources so that higher efficiency and higher profitability is obtained. Some of the key resources required for the project are defined below.

Financial Resources: Financial resources are the most important resources for a project (Mir and Pinnington, 2014). The current project needs to be completed within a given budget of $10,000 and since one of the project objectives as defined earlier is that the project must be completed within the defined budget this resource needs to be managed adequately. The resource needs to be allocated among the defined tasks and for procurement of other resources. People: Human resources are essential for execution of the project tasks and for implementation and completion of all the activities as related to it. Wysocki (2011) argues that adequate hiring and management of people in a project is one of the most important critical success factors. The people resource requirement for the project is defined as follows.

Person Specification Number of people required Cost per person Total Cost ($)
Project manager 1 1000 1000
Finance Manager 1 500 500
Operations Manager 1 500 500
Construction Workers 10 300 3000
IT Expert 1 500 500
Total 5500

Thus, the project needs to hire a total of fourteen project members.  As it is a small project, it can be completed by fourteen members. Wysocki (2011) argues as the scope, size and complexity of a project keeps on increasing, the number of people required for completing the project also increases.

Materials and Equipment: In addition to the human resources, the project would require the materials and equipment as desired for construction. According to Heagney (2016), the costs of materials form the major expense in a construction project because the materials required for construction are expensive and there are various materials that are essential for completing the project (Heagney, 2016). As the project is a small scale project, the equipment and machinery required for construction can be rented for a small period of time instead of purchasing it as purchasing it would incur higher costs. The materials are usually around 30% of the entire budget of the project (Gasik, 2011) and would be around $6000. The equipment renting and hiring charges would be around $3000 for the construction period.

Thus, these resources would require an expenditure of around $14,500 out of the given budget, which leaves significant financial resources for the construction, legal and other aspects. Further discussions present different graphical evidence of the project to explore its management.

 

Gantt Chart

Gantt chart is a commonly used project management tool that helps in presenting the time in which the project will be completed. The tool helps in not only mapping the project against the time required to complete it but also helps in communicating the time in which the project must be completed (Fortune et al 2011). The Gantt chart for the project is given below and also incorporates some buffer time in the activities to ensure that the project is completed within the given time period of one year.

Network Diagram

 

All figures are in $ Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18
Cash Inflow
Revenues from Bridge 1000 1000
Cash Outflow
Contract drawings 500
Site preparation 2000
Permits 1000
Bids for Procurement 200
Materials procurement 1000 1000 1000 1000 1000 1000
Construction equipment hire 3000
Construction workers 500 500 500 500 500 500
Installations 1500 1500
Testing and Improvement 500 500
Miscellaneous 300
Total Cash Outflow 0 3500 4700 1500 1500 1500 1500 1500 1500 1500 500 800 0 Total 20000

Risk Management Plan

Risk Description Impact Probability of Occurrence Mitigation Strategy
Financial Risk Risk of the project being over budget Medium High Adequate budgeting and estimation of resource requirements and costs is necessary to mitigate this risk
Technical Risk Failure of technologies used for construction purposes, which can hinder construction and also imposes safety concerns for employees Low Impact Adequate and timely checking of all equipment and machinery used and use of precautionary measures
Planning Risk Inadequate planning of the project results into planning risk because inadequate planning leads to errors in resource requirements etc. Low Medium Brainstorming sessions among the team members must be carried out to ensure that all aspects of planning are taken care of
Legal Risks The project needs to comply with legal requirements as defined for construction companies in Australia and hence non-compliance can lead to legal risks Low High The project manager must hire a legal expert to guide on the legal aspects of the project to ensure that this risk does not occur

(Kerzner, 2013; Turner, 2014)

Conclusion

The project plan as presented above provides a feasible plan with manageable and realistic goals, resource requirements etc. The resource requirements of the projects are not high and it would be completed in one year and would contribute towards financial and non-financial benefits. The risks of the project are also generic and can be mitigated easily. These factors thus suggest the project to be feasible and implementable.

References

Fortune, J., White, D., Jugdev, K., & Walker, D. (2011). Looking again at current practice in project management. International Journal of Managing Projects in Business4(4), 553-572.

Gasik, S. (2011). A model of project knowledge management. Project Management Journal42(3), 23-44.

Heagney, J. (2016). Fundamentals of project management. AMACOM Div American Mgmt Assn.

Hwang, B. G., & Ng, W. J. (2013). Project management knowledge and skills for green construction: Overcoming challenges. International Journal of Project Management31(2), 272-284.

Kerzner, H. (2013). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.

Marques, G., Gourc, D., & Lauras, M. (2011). Multi-criteria performance analysis for decision making in project management. International Journal of Project Management29(8), 1057-1069.

Mir, F. A., & Pinnington, A. H. (2014). Exploring the value of project management: linking project management performance and project success. International Journal of Project Management32(2), 202-217.

Turner, J. R. (2014). The handbook of project-based management (Vol. 92). New York, NY: McGraw-hill.

Wysocki, R. K. (2011). Effective project management: traditional, agile, extreme. John Wiley & Sons.

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Author: amy

HI! I’m Amy working as an academic writer with My Assignment Services, I hold a relevant 5 years of experience in academic writing. I’m really attached to my work as it allows me to help students in clarifying their concepts and counsel for their assignments. I am an ambitious individual who is looking forward to broadening my career path as an academic writer.

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