Project Management Assessment Quantitative Analysis - 275 Words

Project Management Assessment: Quantitative Analysis, Wagga Independent Groceries (WIG) (Other (Not Listed) Sample) Content: QUALITATITIVE ANALYSISNAMEINSTITUTIONDATEQUESTION ONEPROJECT MANAGEMENTExecutive SummaryWagga Independent Groceries (WIG) is a business enterprise that deals in grocery products. WIG has formulated a strategic plan of improving network system. Wagga Independent Groceries employed the critical path analysis method to develop and evaluate the project activities at every project phase.INTRODUCTIONWagga Independent Groceries (WIG) is a business unit that carries its business activities within the region. The WIG business management and its administration have decided to establish and formulate various strategies that should be implemented in order to improve and enhance efficiency in the production of goods and services through establishment of appropriate and advanced network system. Project management team has suggested the various activities that should be taken into consideration when evaluating the project. The Project is established through five phases comprising eleven crucial activities (Karta and Bois, 2004).The project bodyProject is tailored to enhance efficiency of the organizations production, distribution and marketing activities in order to have a competitive edge in the market. The project management team is determined to carry all the required activities in all the project phases in order to finish the project in the required time frame. When carrying out the project management the project management team need the various core factor in order the project to be effective and achieve the predetermined the organizations goals and objectives.According to (Karta and Bois, 2014) Core project factors may comprise of appropriate scope management, project time frame, required quality and project cost. Project management team must ensure that this crucial function is considered in order to facilitate the smooth running and organization of the project. The main objective of this project is to add more value to the WIG organization.Facilitat ion functions that is, cost, time frame, required quality and management scope to support the project operations. Such as, Human resource, hedge management, procurement and appropriate communication network. According to research done by the project manager and project team, Project required $40,000cost per week because of new project activities emerging.Project Lifecycle: The project lifecycle comprises of four important stages that is, project conceptual, planning, execution, and termination. The Wagga Independent Groceries (WIG) planning and organizational document clearly outlines four project phases and required project activities to be carried out by the project management team. The Project plan may shows and highlights stipulate time for each activity carried out in every project phases and the activities should follow each other in an organized manner. WIG organization project is carried up to the planning stage whereby decision are made and the required physical, financial and human resources are assembled in appropriate proportions to ensure that the project proceed smoothly and the internal and external hedge are well mitigated by the project team. If the project risk persists the project management team needs to analyze and assess the situation of the project in order adjust the operation or change project path in future (Newton, 2013).The core project activity: - Each project core activity must be carried out in an orderly manner in order to be completed at the set time frame but if there challenges the project management team should adjust the estimated period of at each phase. The project management team should recognize unexpected hedge and formulate proper mitigation strategies. Project manager and project management team should have secondary project plan for each activity in every project phase.Wagga Independent Groceries as a business entity has a well established communication network for internal and external dissemination of information by the users. Appropriate communication network is a key requirement for the success of the project. It is important to have efficient management and execution of the project in order to accomplish the intended objective of the organization. The success of the project solely depends on the way the project is formulated Success rate of the project may be depend on the how well project was established and planned during project time period. Poor communication may lead to inappropriate us of time and financial and human resources. For instance, misunderstanding among the project manager and the project team might end up poor and wrong decision making and implementation in carrying out project operations. Furthermore, proper decision facilitates smooth flow of project activities from the first stage to the last stage. Therefore the Wagga Independent Groceries (WIG) network development project should be implemented basing on understanding and agreement among the project manager and proj ect management team. Since every project stage solely depends on the activities carried out in other stages the actions should implemented efficiently. Therefore each stage should appropriately interconnect and linked to one another. The project manager and his or her project team are responsible for project planning, formulation, controlling, organization and implementation.Project managers and project management TeamProject manager will not be able to carry out all the tasks inside and outside the project. Therefore, project needs to select the project management team to enhance division of labor and specialization. The subdivision of the project tasks into stages and then assigning each stage to an individual where he or she is best suited or talent will promote efficiency in the operations of the project and be to develop an formulate an alternative backup to mitigate hedge that may arise in the process.THE PROJECT PHASE AND ACTIVITIESGantt chartThe Gantt chart indicates that there is slack in few project phases whereby the project activities may reduce time required to carry out project task. For example functions C and Hilitate site installation.Red line shows Critical Path of the Wagga Independent Groceries project.A C D G H J K LWAGGA INDEPENDENT GROCERCIES PLANSWagga Independent Groceries experienced some disruption when carrying out the project activities which made the company to incur $ 50,000 per week. The project manager and the project management team have formulated the strategies the follow in order to complete the project on the planned time to avoid additional costs. Some the strategies include the following: * Site manager founded out that the Activity H can be completed if only if external parties are involved for $ 90000Outsourcing of both human and physical resources may reduce to reduce the planned time by 5 weeks.In-terms of cost outsourcing might be best option. However, Project management may include cost, scope, time a nd quality. As a project manager that need to consider all aspects and need to follow standard according to the organization expectation.Factors Which Needs to be considered by the WIG organizationFirstly, external business environment of the Wagga Independent Groceries (WIG) need to be recognized. The company incurred $ 90,000 for outsourcing and the project management should ensure smooth running as planned. Project manager and other stakeholders should keep the scope of the project safe.Secondly, quality maintenance of the project: since it is the network project site installation. The first site installation steps depended on other stages. The operation and performance of the network project solely depends on the quality of the project layout and the quality of the equipment and machines.Outsourcing of the project may cause loss of control of the various project activities. Therefore, the project manager, project management team and other stakeholders should discuss and make de cisions which will create more pros than cons. Therefore, outsourcing of the project will be more appropriate if both internal and external factors are considered.WORK BREAK DOWN STRUCTURE (WBS)WBS is the method that enhances easy management of complex projects. WBS outlines the responsibility of each project managing team member and department. Therefore, Work Break down Structure facilitates management of mammoth projects efficiently.The main pros of the Work Break down Structure (WBS).Facilitates easy management of complex projects at a very minimal cost, define of each responsibility stakeholder, show control over cost of the project and outline the milestone of the project.EXAMPLE OF WORK BREAK DOWN STRUCRURE (WBS)The wok break down structure outlines the various stages of the project. The project manager and the project team should ensure that the WBS is flexible for easy adjustment to accommodate the future changes and expansion of the organization.CONCLUSIONAccording to re search the project manager and his team, Wagga Independent Groceries (WIG) should promote production efficiency by stabling appropriate network development project. The project team is required consider various core activities and functions which can influence the operations and success of the project. The WIG organization is supposed to carry out feasibility study both in the internal and external business environment before installing the network project in order to understand its impact to the surrounding community.QUESTION 2CONSULTANT REPORT OF WAGGA CLASS FURNITURE BY INDICATING THE BEST LOCATION FOR SETTING A PLANExecutive Summary,Wagga class furniture is a business enterprise dealing in furniture products for house building and office use. The organization produces the advanced furniture models in order to ha...