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BUSM4613 Project Management Techniques
Question:
Overview
The aim of this assignment is to understand and apply the concept of systematic project planning and scheduling to an event/project using MS Project
Learning Outcomes
CLO 1 Select and apply appropriate project management techniques to manage project duration and cost
CLO 2 Analyse and apply principles of cost control, cash flow planning and financial administration to ensure effective project management
CLO 3 Control project cost and duration
CLO 4 Critically analyse synthesise and reflect on project management techniques
Brief
You work for “Reasonable Builders”. The company is negotiating a contract to build two units on a vacant block of land in Essendon. The owner of the company has asked you to give him a time line and cost in which these two units can be built and to provide him with MS Project Schedule using MS Project. This will help him to negotiate the price with the Client. This is the first time for you to develop a multi project plan/schedule. Recently, you have learnt a great deal in using MS Project and you are eager to use your skills on this project. From the company records you can get hold of a guiding schedule for one unit and your job is now to schedule the construction of both units in a mosteffective way. The schedule for one unit is below.
You think of two apparent ways of doing the job:
- Build the units one after the other but then you think it would take twice as long to build all the units and the Client may not be happy about it neither your boss.
- Build two units toget her but it would possibly double the resource requirements.
You conclude that you need to work on a mixed strategy. You will link some tasks across “Units” so if one task finishes in one Unit that can be started in the other Unit. You also find out that some tasks can be started together, and resources can be shared/distributed. Where they cannot be shared you can advise your boss to recruit/contract more resources but obviously, it will cost more. After some trials you are ready to present your Master Plan (Project file that contains two Units together). Along with your Master Plan you write a project report that highlights:
- How have you optimised the time and the resources?
- What is the duration and cost of the whole project and what is critical path and what are the critical activities?
- What are the resources required and their numbers for this project according to your plan?
Your boss appreciates your work and successfully negotiates the project with the Client. The duration and cost that you estimated becomes the baseline. The Client agrees to provide all the material to be used and contracts your company for providing the services on Cost plus Fixed Fee basis.
The project gets underway. Unfortunately, Draftsperson leaves your company just a day before the project is going to start. It takes your boss a week to arrange a new draftsperson. As he is a new person, it takes him at least 2days longer than planned to finish his job. When the slab is being poured for Unit 1 the concrete mixer breaks down. You stop the work for that day and complete the rest of the job the next day. You also find out that erecting the frame takes at least 3 days more than what you have planned for. You constantly update the project to monitor the changes.
When the project is approximately half way through, your boss asks you to develop a formal progress report so that it can be sent to the Client.
This report presents the progress of the project and contains the following:
1.Current status of the project
2.Tracking Gantt Chart
3.Variances tables for time and cost.
Academic integrity and plagiarism
Academic integrity is about honest presentation of your academic work. It means acknowledging the work of others while developing your own insights, knowledge and ideas.
You should take extreme care that you have:
Acknowledged words, data, diagrams, models, frameworks and/or ideas of others you have quoted (i.e. directly copied), summarised, paraphrased, discussed or mentioned in your assessment through the appropriate referencing methods, Provided a reference list of the publication details so your reader can locate the source if necessary. This includes material taken from Internet sites.
If you do not acknowledge the sources of your material, you may be accused of plagiarism because you have passed off the work and ideas of another person without appropriate referencing, as if they were your own.
BUSM4613 Project Management Techniques
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