A review of the Project Schedule to determine the effectiveness of the project team’s time management activities.
Include the positive aspects of the Project Schedule, and how these helped ensure that its objectives were realised
The project schedule represents the different activities and their timeframe to complete the project within the time period identified. The success of the project represents the effective management activities. The deliverables of the project present the different tasks such as venue selection. Speakers selection, promotional activities, registration of the managers and coordination of the activities to ensure effective financial requirements are fulfilled. Determination of the activities and their timeframe, including the changes in the timeframe helps to maintain successful opportunities in the project. Significant activities and responsible person helps to focus on the aim of the project and maintain suitable outcomes. All the costs are managed throughout the project with the projected budget to ensure the costs cannot increase at a higher rate. Required costs are included in the project that promotes effective project outcomes.
These changes in the deliverables help to ensure the positive aspects of the project to manage the financial requirements. Time and management activities fulfil the project objectives that leads to effective project success.
Identify time management issues that arose, and recommend improvements that could be made in the future
Two major time management issues are identified which are related to the major deliverables. Time management issue arose due to the miscommunication and follow up issues whereas through the effective support of the management and experience of team members, these issues are resolved effectively. Time management is a major aspect of the project success that promotes the management of specific standards and outcomes. Adequate knowledge and project management outcomes ensure the fulfilment of the objectives. The major issues of time management based on the project are:
For the future project, some recommended improvement are related to time and cost of the project. Analysis of the risk is necessary to identify suitable activities in the project and ensure effective deliveries. Additional timeframe and costs are needed to be managed to deal with these kind of situations and promote the successful projects. Regular updates for the project help to ensure effective outcomes as per the projected budget.
Evaluate the project’s performance against all agreed quality objectives and standards to determine the effectiveness of the project’s quality management processes
Document quality management lessons learned and recommended improvements
Project quality is an essential part of the project management which ensures the fulfilment of the quality standards. The project management plan describes the project quality objectives to manage effective project delivery, project methodology, outcomes, processes, deliverables and promote customer satisfaction. The performance of the project is based on the quality objectives of the project. The major objectives of the project were:
Quality objectives helped to provide a specific direction that can enhance the quality standard processes. Clear and effective procedures maintain the performance mechanisms of the project. Significant standards are fulfilled by the project which are:
The following expenditure details show the overall financial outcomes from the conference.
An analysis of this is as follows:
Total profit/loss:
Income: $395,000
Expenses: $104,765
Total profit or loss is: $290,235
Evaluation: The total expenses occurred in the project are $104,765 whereas a total income of $395,000 is identified in the project. The total profit of the project is $290,235. It shows that the project was fruitful for the organization that enhance the project success.
Expenses |
Income |
||
Venue |
$50,000 |
Registration fees: individuals |
$100,000 |
Catering |
$20,000 |
Registration fees: companies |
$100,000 |
Speaker fees |
$11,500 |
Sponsorship: Gold |
$50,000 |
Speakers travel |
$4,520 |
Sponsorship: Silver |
$45,000 |
Publicity |
$7,250 |
Sponsorship: Bronze |
$100,000 |
Courier |
$1,595 |
||
Entertainers |
$6,400 |
||
Printing |
$3,500 |
||
TOTAL |
$104,765 |
TOTAL |
$395,000 |
At least five recommendations for more accurate project cost estimating are as follows:
The five major recommendations of the project are:
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