Discuss about the Concepts and Procedures of Project Management.
The project’s main objective is to illustrate the incorporation of concepts and procedures of project management for the concerned project with the up-gradation of the present security foundation unit of XYZ Group Ltd. The organization performs offshore marine operation and is also present in gas and oil sectors. The whole project will be administrated by the Principles of Project Management Body of Knowledge or PMBOK. One of the frequently utilized and trusted methodology of project management, PMBOK is easy to utilize and has tested and proven procedures. It consists of the best practices in regards to project management that can be applied to all types of projects. The IT foundation of the security unit, in this regard, would go through various stages of project management, and this includes planning and designing, and after that execution, and in the end, evaluation.
Objective
To update XYZ Group Ltd.’s security unit’s IT infrastructure and to make it operational within the provided time period with pre-approved conditions and requested benefits, within a SGD 28,580 budget.
Following are key deliverables of the revamp security unit of XYZ Group of the company:
Following are key deliverables of the project:
Following are key milestones of revamp projectare as follows:
Following are key technical requirements of revamp project:
Following are key limits and exclusions of revamp project:
XYZ group of companies
There exists a robust correlation between project management and performance, time, and the project’s cost factor. For recognizing the criteria which are to be limited or enhanced, a project matrix needs to be incorporated.
During the whole refurbishment project of XYZ Group Ltd.’s security unit, one of the critical factors is time. This is due to the fact that in case the project duration goes beyond the approved deadline, then, the organization might lose out on budget and resources. Thus, the project manager needs to comply with the project deadline. It will be achieved by permitting some contingencies within the project. But, that is not desirable. The process of installation and upgradation’s backup plans can be modified, in accordance with the requirements of the project.
Time |
Performance |
Cost |
Justification |
|
Constrain |
X |
Performance is the key constraint of the project as the network is revamped to increase the efficiency |
||
Enhance |
X |
The time can expand as and when company comes up with new modificaitons. |
||
Accept |
X |
It allows extra budget if it is possible to extend the deadline and improve the quality of the revamped unit. |
Level-3 packages of the WBS are as follows:
Top down estimation
Consensus was used of the project’s team members. Their consensus was based on their previous experience of other projects.
WBS |
Task Name |
|
1 |
IT Infrastructure up gradation |
|
1.1 |
Planning |
|
1.1.1 |
Requirement analysis |
500 |
1.1.2 |
Perform feasibility study |
400 |
1.1.3 |
Prepare detailed plan |
300 |
1.1.4 |
Finalize deliverables |
200 |
1.1.5 |
Prepare communication plan |
200 |
1.1.6 |
Prepare testing plan |
200 |
1.1.7 |
Prepare change management plan |
200 |
1.1.8 |
Prepare risk management plan |
200 |
1.1.9 |
Get signoffs on the plans and deliverables |
80 |
1.2 |
Analyze & Design |
|
1.2.1 |
Conduct compatibility study |
400 |
1.2.2 |
Conduct market research |
500 |
1.2.3 |
Prepare detailed configuration plan for computers |
400 |
1.2.4 |
Prepare bill of the material |
300 |
1.2.5 |
Sign-off on the material bill |
100 |
1.3 |
Vendor selection |
|
1.3.1 |
Raise tender for hardware |
800 |
1.3.2 |
Prepare the criteria for vendor selection |
300 |
1.3.3 |
Identify vendors for hardware |
300 |
1.3.4 |
Backup existing data |
400 |
1.4 |
Raise invoice for hardware purchase |
|
1.4.1 |
Perform quality check on selected hardware |
500 |
1.4.2 |
Store parts in the warehouse |
100 |
1.5 |
Install |
|
1.5.1 |
Upgrade hardware on critical machine |
600 |
1.5.2 |
Install software on these machines |
800 |
1.5.3 |
Give demo |
100 |
1.5.4 |
Perform quality check on selected hardware |
500 |
1.6. |
Machine test |
|
1.6.1 |
Test each machine |
10000 |
1.6.2 |
Sign-offs |
100 |
1.7 |
Network testing |
|
1.7.1 |
Place machine on the network |
10000 |
1.7.2 |
Sign-offs |
100 |
Total cost |
28580 |
(Duncan, 1996)
WBS |
Task Name |
Unit Cost ($) |
Quantity |
Total Cost ($) |
1 |
Revamp secure unit |
|||
1.1 |
Planning |
|||
1.1.1 |
Requirement analysis |
500 |
1 |
500 |
1.1.2 |
Perform feasibility study |
400 |
1 |
400 |
1.1.3 |
Prepare detailed plan |
300 |
1 |
300 |
1.1.4 |
Finalize deliverables |
200 |
1 |
200 |
1.1.5 |
Prepare communication plan |
200 |
1 |
200 |
1.1.6 |
Prepare testing plan |
200 |
1 |
200 |
1.1.7 |
Prepare change management plan |
200 |
1 |
200 |
1.1.8 |
Prepare risk management plan |
200 |
1 |
200 |
1.1.9 |
Get signoffs on the plans and deliverables |
80 |
1 |
80 |
1.2 |
Analyze & Design |
|||
1.2.1 |
Conduct compatibility study |
400 |
1 |
400 |
1.2.2 |
Conduct market research |
500 |
1 |
500 |
1.2.3 |
Prepare detailed configuration plan for computers |
400 |
1 |
400 |
1.2.4 |
Prepare bill of the material |
300 |
1 |
300 |
1.2.5 |
Sign-off on the material bill |
100 |
1 |
100 |
1.3 |
Vendor selection |
1 |
||
1.3.1 |
Raise tender for hardware |
800 |
1 |
800 |
1.3.2 |
Prepare the criteria for vendor selection |
300 |
1 |
300 |
1.3.3 |
Identify vendors for hardware |
300 |
1 |
300 |
1.3.4 |
Backup existing data |
400 |
1 |
400 |
1.4 |
Raise invoice for hardware purchase |
|||
1.4.1 |
Perform quality check on selected hardware |
500 |
1 |
500 |
1.4.2 |
Store parts in the warehouse |
100 |
1 |
100 |
1.5 |
Install |
|||
1.5.1 |
Upgraed hardware on critical machine |
600 |
1 |
600 |
1.5.2 |
Install software on these machines |
800 |
1 |
800 |
1.5.3 |
Give demo |
100 |
1 |
100 |
1.5.4 |
Perform quality check on selected hardware |
500 |
1 |
500 |
1.6. |
Machine test |
|||
1.6.1 |
Test each machine |
1000 |
10 |
10000 |
1.6.2 |
Sign-offs |
100 |
1 |
100 |
1.7 |
Network testing |
|||
1.7.1 |
Place machine on the network |
1000 |
10 |
10000 |
1.7.2 |
Sign-offs |
100 |
1 |
100 |
Total cost |
28580 |
(Billows, 2016)
This method helps in calculating the earned value management metrics. It provides the overall cost of the businesss value statement. Apart from that, the continengecy funds it’s contains is derived from the risk plan.
Task Name |
1st week |
2nd week |
3rd week |
4th week |
Revamp secure unit |
||||
Planning |
||||
Requirement analysis |
500 |
|||
Perform feasibility study |
400 |
|||
Prepare detailed plan |
300 |
|||
Finalize deliverables |
200 |
|||
Prepare communication plan |
200 |
|||
Prepare testing plan |
200 |
|||
Prepare change management plan |
200 |
|||
Prepare risk management plan |
200 |
|||
Get signoffs on the plans and deliverables |
80 |
|||
Analyze & Design |
||||
Conduct compatibility study |
400 |
|||
Conduct market research |
500 |
|||
Prepare detailed configuration plan for computers |
400 |
|||
Prepare bill of the material |
300 |
|||
Sign-off on the material bill |
100 |
|||
Vendor selection |
||||
Raise tender for hardware |
800 |
|||
Prepare the criteria for vendor selection |
300 |
|||
Identify vendors for hardware |
300 |
|||
Backup existing data |
400 |
|||
Raise invoice for hardware purchase |
||||
Perform quality check on selected hardware |
500 |
|||
Store parts in the warehouse |
100 |
|||
Install |
||||
Upgraed hardware on critical machine |
600 |
|||
Install software on these machines |
800 |
|||
Give demo |
100 |
|||
Perform quality check on selected hardware |
500 |
|||
Machine test |
||||
Test each machine |
10000 |
|||
Sign-offs |
100 |
|||
Network testing |
||||
Place machine on the network |
10000 |
|||
Sign-offs |
100 |
|||
3980 |
2400 |
2000 |
20200 |
|
3980 |
6380 |
8380 |
28580 |
(Kerzner, 2001)
References
Billows, D. (2016). Bottom-up Estimating. 4pm.com. Retrieved 27 July 2016, from https://www.4pm.com/bottom-up-estimating/
Duncan, W. (1996). A guide to the project management body of knowledge. Sylva, NC: PMI Communications.
Hyväri, I. (2006). Project management effectiveness in project-oriented business organizations. International Journal Of Project Management, 24(3), 216-225. https://dx.doi.org/10.1016/j.ijproman.2005.09.001
Introduction to Project Management: Principles, Techniques and Tools. (2013) (1st ed.). Retrieved from https://oe.ucdavis.edu/local_resources/docs/projectmanagementtraining.pdf
Kerzner, H. (2001). Project management. New York: John Wiley.
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