Total Pages: 10 Words: 2745 Sources: 20 Citation Style: APA Document Type: Essay
Essay Instructions: Project Management
Investigate and discuss the project management approach used in SYDNEY HARBOUR TUNNEL in relation to the following strategies:
1) Project Initiation
2) Project Planning ??" budgeting and cost estimation
3) Project Planning ??" scheduling and resource allocation
4) Project Execution ??" Information systems and documentations
5) Project Execution ??" Project monitoring and project control
6) Project Auditing and Project termination
Structure/Guideline for each section:
? Brief introduction of your topic of research (i.e. the strategy)
? Discuss aims and objectives of your research
? Background information of the project in relation to the research topic.
? Discuss the research topic based on past practices, current practice and possibly future direction of the project, if the project is an ongoing project.
? Discuss the research topic in terms of the project performance as compared to its competitors.
? Discuss the pros and cons of the strategy used in the project as compared to other strategies.
? Analysis of the findings and your recommendations
• 3000 words
• Support your arguments using literature (references)
• If necessary use models and methods for analysis
• Give figures where necessary
• Appendices can be added if additional material is considered essential.
Excerpt From Essay:
Essay Instructions: Project Management in the Oil Industry.
-Introduction of Project Management to the Industry
-How Project Management affected the industry
-advantages and disadvantages of using Project Management in the industry
-Project Integration Management
-Project Management Essentials
-Timeline of project
-Role of Technology
Excerpt From Essay:
Essay Instructions: Project Management :
A global consumer electronics company is looking to expand their business and aims to
develop vehicle-mounted PDAs (Personal Digital Assistant). These vehicle-mounted PDAs
are compact computer terminals which can be mounted on forklifts; field service vehicles;
construction trucks or transport vehicles etc.
Vehicle-mounted PDAs are used by firms in many fields including roadside assistance;
warehouse vehicles; logistics and industrial monitoring and control. Employees use the PDA
as a small computer to record business transactions and communicate progress with the
organisations information systems. Thus, PDAs are not just used as computers but for also
accessing databases for services and applications (e.g. a field services engineer fixing
equipment at the customer site). Vehicle-mounted PDAs may have wireless connectivity
such as Bluetooth (a wireless LAN interface) or even cellular or mobile phone connectivity.
The assignment is to plan the development and installation of a wireless network to support
PDA operation for an airport application ??" which you specify.
Prepare a formal written report:
Prepare a Word document and write formally (i.e. avoid use of “I” or casual terms). For
calculations show formula; data; workings and results (preferably tabulated). Greater
discussion; interpretation and evaluation is expected for higher grades (e.g. giving insights
into the firm’s situation; the management implications and making sector comparisons), as
well as appropriate use of business/financial jargon and evidence of wider reading.
The report is to be organised in two parts as follows:
• Part A concerns the development of the PDA by the consumer electronics firm for an
• Part B concerns the deployment of the wireless network at the airport (to support the
Start each of the parts on a new page (this is to aid the marking process).
Introduction (no marks but needed for completeness)
a) Define your proposed PDA and wireless network for use at an airport ??" both the
product and the intended application(s).
b) Propose (and justify) a unit price for your PDA which should be one of the following:
£600, £800 or £1100.
Part A ??" Project Feasibility and Management
Q1). Identify the various stakeholders for the airport based project and examine their likely
viewpoints and concerns by conducting a Force-field analysis. You answer should be in
the form of a diagram annotated with the various forces followed by text that summarises
the overall situation (i.e. it’s a synthesis of the main points).
Q2). The firm will invest £5 Million in Year 0 to develop the product and expect Sales
during Years 1 ??" 4. Fixed costs are to be £7 Million annually (not negotiable) and the
items comprising the variable costs should be identified and discussed. Assumptions are
to be clearly stated.
a) Prepare a cash flow forecast (in £) for the years of production (Years 1 ??" 4) given that
the first years sales units are the last five digits of your student id: (The last five digits of my student ID are : 33945)
Step 1: Construct the revenue model given that sales forecasts are expected to increase
rapidly in the first two years and then increase gradually after that
Step 2: Construct the operating expenditure model based on allocated overheads and
variable costs (check that the Contribution Margin is a sensible figure of say 24% to 40%)
Step 3: Combine the revenue and expenditure models and calculate total cash flow
position. Include the Opening and Closing Balance for each year in your forecast (where
the Opening Balance in Year 1 is a negative value equal to the value of the investment).
Ensure that the Payback Period for the project occurs during Year 3 or Year 4.
b) Revise the overall cash flow forecast (i.e. Steps 1-3) such that Payback occurs in
Year 2. Comment on whether or not this revised forecast is likely to be acceptable to
Q3). Evaluate the two forecasts you have prepared as follows:
a) Examine the affect on the Net Cash Flows and the Payback Period of your two
forecasts if the ‘time effect of money’ is taken into account and cash flows are
discounted by 7% (the cost of capital).
b) Calculate and comment on the potential value of the project using investment
appraisal techniques including the Net Present Value (NPV) and the Internal Rate of
Return (IRR) for both the original forecast and the revised one.
c) Which forecast will you recommend? Justify this choice.
Q4). Examine the benefits of inter-project learning for a global consumer electronics firm
and make recommendations on how this could be implemented.
Note: wider reading is expected for this Question including journal articles.
Part B - Project Planning & Control
The project team have identified five projects with similar activities and parameters, as
shown in Table B1. You have been allocated the project which has a code containing the last
digit of your student number (e.g. if your student number ends with 1 or 2, your project is
P12). It is not important what the activities are for this assignment. (My Project is P56)
Q5). Draw both the AOA and AON network for the project and determine the critical path
Q6). a) Construct a GANTT chart and identify scheduling flexibilities.
b) Calculate and draw a chart of the labour profile required to complete the project for
an early start schedule.
c) What specific rules could be adopted to decide how to schedule this project and
what constraints must be taken into account.
Q7). a) Find the expected time of the project using PERT. What is the probability of
completion within the expected time?
b) What is the probability of completion 4 weeks before the expected project
c) When using probability analysis like this, what care needs to be taken?
Q8). Find the minimum cost increase to reduce the expected duration of the project by 2
Q9). The Company assessed the costs of the project at important milestones at the outset
as shown in Table B2. After some weeks, the project manager asked the task
supervisors for progress reports and the feedback shown in Table B2 was reported.
a) What is the cost variance for the project so far?
b) Compare this to a calculation of the schedule variance.
c) Provide your clear comments on the progress of the project.
Q10). The project manager seeks to minimize the total cost of a certain activity related to this
project. The resources used for the activity are Resource U and Resource V (both
measured in resource-hours). Resource U costs £400 and Resource V costs £900.
Due to certain institutional, physical, and policy constraints, the amount of Resource U
used (y) should be at least 2.5 resource-hours. Also, y+2x must not exceed 7.45
resource-hours, and y-x must not exceed 1.75 resource-hours, where x is the amount
of Resource V.
a) Using manual means (a graph sheet), sketch the objective function and constraints
on the same Cartesian axes and find the optimal solution.
b) Using MS Solver, determine the optimal quantities of Resource U and V that achieve
the project manager’s objective. What is the minimum cost (the cost that
corresponds to the optimal values of the decision variables)?
Format is a formal written report including charts/diagrams; calculations (with data; formula; workings
and assumptions) and discussion/ comments. Report to be written using Word in a 12 point font (any
Excel based calculations should be copied into tables in the Word file using a minimum 9 point font).
There are faxes for this order.
Excerpt From Essay:
Essay Instructions: Project Management ??" Final Paper
Text - Project Management ??" The Managerial Process ??" 5th Edition- Erik W Larson & Clifford G Gray, 2011 ??" McGraw Hill/Irwin
A final paper that is an analysis of a real world project or a project taken from the literature sources. The paper must contain around 10 to 12 pages of text addressing the following features of the project in an analytical manner. That is to see to what extent the project has addressed these features and, if not, what recommendations are given to make the project plan more effective:
Format of Final paper:
Final paper must have a cover page with the title of your project, your name, faculty, Term/Session and date. The text of the paper must specifically cover the following (6) sub-headings. Each item must be described and explained fully first, using Project Management sources (text and outside sources) and then be applied to your selected project. Both in-text and end citation of sources you us, APA method, is a requirement.
1. Project information, history, intent, and life cycle
2. Project definition: WBS, Responsibility Matrix and Communication Plan
3. Time, cost and quality expectations, use of project network
4. Identification of project stakeholders and their concerns
5. Project Team development
6. Performance measurement and control
Analyses and recommendations must be supported by making reference to Project Management literature sources (at least 4 sources, journals and books, must be used). APA style for both in-text and full end citations are a requirement.
When covering the above 6 areas:
a) Explain and describe key points, models, theories and ideas discussed in each chapter under a separate heading (Chapter One Key Points, for example). Such explanation and description must be elaborate along with analysis to show your good grasp of the material assigned and must accompanied by citing the author and page number, (p. 12) for example, that those concepts are taken or adopted from.
b) A description as how those key concepts or theories you discussed can be applied to a real world situation.
c) Reflection on your learning as how your reading of the material had helped your learning.
d) Every single concept, theory, or idea you adopt form the text or any other source you use must be referred to in the text (in-text citation- author and page number). Immediately after such adoption. The full address of the source (s) you use must be cited under your Reference list at the end, APA method.
PLEASE FOLLOW ALL THE INSTRUCTIONS
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