Macroeconomics

Work Breakdown Structure

(WBS)

Roman Camacho’s Project

RC INC.

8727 Laguna Falls

San Antonio, TX 78251

30 September 2018

Table of Contents Introduction 3 1. Widget Management System 4 1.1 Initiation 4 1.1.1 Evaluation & Recommendations 4 1.1.2 Develop Project Charter 4 1.1.3 Deliverable: Submit Project Charter 5 1.1.4 Project Sponsor Reviews Project Charter 5 1.1.5 Project Charter Signed/Approved 5 1.2 Planning 5 1.2.1 Create Preliminary Scope Statement 5 1.2.2 Determine Project Team 6 1.2.3 Develop Project Plan 6 1.2.4 Submit Project Plan 7 1.2.5 Milestone: Project Plan Approval 8 1.3 Execution 8 1.3.1 Project Kickoff Meeting 8 1.3.2 Verify & Validate User Requirements 8 1.3. Design System 9 1.3.4 Procure Hardware/Software 9 1.3.5 Install Development System 10 1.4 Control 11 1.4.1 Project Management 11 1.4.2 Project Status Meetings 11 1.4.3 Risk Management 11 1.4.4 Update Project Management Plan 12 1.5 Closeout 12 1.5.1 Audit Procurement 12 References: 15

Project management is something essential to make the construction projects inflow, and it deals with all the process of execution and budgeting, also with people, where project manager collaborate with builders and all communities related to the project. The project for which Project Charter and Project Management plan will be developed is “Plan to construct my own house and subcontract out that later on.”

This project is chosen because when a person is made responsible for his own work, then he will show more responsible behavior and carried that out in his best way possible. So, when I am charged with this duty to by my own to construct my own home, then I will want the best. I will want to carry the whole process smoothly. I will think of all the problems and challenges that I might face ahead, now. I will be curious to imply all the project management techniques that I have studied, now (Duncan, (1996)). I will research all the tools that enable me to achieve my purpose and goal. My primary goal is to finish the work by minimizing all the disruptions that may appear by applying the concepts and commands that cater to all skills, technologies, and resources to successfully finish the construction.

The reason for this project is to analyze this project regarding managing projects that are explained by the lectures and PMBOK.

This report is about constructing own house and hence decided to subcontract this project to Royal Construction that is one of the reliable company for the construction of the house and is active in this field from the past 20 years. The principal purpose of this company is to provide the comfortable and luxurious lifestyle to its customers at a very reasonable cost.

This process contains all the process performed for a new project or any fresh phase of an current project by doing an agreement to begin the phase or new project. Inside this project the first step is to identify all the financial resources that are committed either they are internal or external but they can influence the project and its outcomes anyhow.

Whenever you start any project, it is necessary to write down all the necessary action that define to integrate and coordinate all the other plans, so it should be appropriately documented. Also, this project management plan will define the project in future that how it is executed, monitored, controlled and closed.

Contract

Duration

This part will give us recommendation and measures that how to work for this construction project. We have to monitor these methods in future for the own house construction. Previously making the project plan will also be a great help in doing this project in a good way. At last, we have to submit a project charter.

In this part Sponsors will evaluate the proposal and submit reviews about the project as well as the sponsors will ask for modification and changes to be done.

Finally, the project charter would be submitted for the final approval and then the project will be started from January 1st, 2019.

For this project, Mr. A (John Doe) is selected our company for the construction of his own house. For this, different terms and conditions in a given time span of the project are written in the contract.

Our first focus for this project is to complete this construction within the nine months as it is already mentioned in the contract. For this, we first construct a table and distribute the project in 9 months accordingly.”

Next focus is to attain the aim within the given budget, and for this, the costs of diverse materials are previously estimated so that the estimated budget of the material can be followed correctly.

The estimated budget is $300,000, and the procurement should be done for a single house that is 35 square yards with basement, ground and second story.

The 3rd point to be the focus on is the project scope documentation. The scope of this project is to construct a house in a given time span and budget. The requirements of the project are in scope. For instance, in this project different dimensions are mentioned in the scope statement like:

Project team is also made for this project and these are

In this part the procedures of constructions are depended on the others are to be discussed. E.g., the paint on the walls can never be started before the completion of electricity work (J.Shenhar, 1996). So, in this phase, it will be decided with the subcontractors that what problems they may face for achieving their targeted plans and what are their views regarding solving the problems and will also make sure that they will tell me at the start about the successful completion of their assigned tasks. This task will set the preliminary budget and arrange all the resources they need for the estimated tasks (Bueler, 1997). So here I am, building the dream house within the time limitation of 9 months and the budget constraint of $300,000.

The estimated budget for this project is $300,000 by keeping all the expenses in mind.

Procurement plan is all the materials that are stated in the cost plan is procure from changed suppliers at a specific cost. Also, all the materials should be purchased before 1st January.

This process of recording the actions is essential to describe, integrate, prepare and coordinate all secondary plans. This project management plan will define how this project performed, observed and measured and close.

All the inputs mentioned for the development of the project plan is mentioned above. So the same tools and techniques are cast-off for this process, and it is skilled decision stated in the starting phase.

The selected method is waterfall Methodology so for this I have to use the techniques according to it. This is just like an original waterfall where all the tasks are going toward completion just like a “water”, what is the requirement for completing a house should be known and remember not all the time plans work accordingly so be firm, and I use these points and it helped

1. Understandable time span and the sequence on which steps will be followed.

1. Time limit for completing a project i: e 9 months

1. Fulfill all your dreams of building your own house is worth of everything

1. Those who are poorly performing you can cut them off from your project

In this part the overall execution of project is to be analyzed.

This meeting is held where all team members will meet and identify the specific actions needed to be achieved to make the project more deliverable before its final execution.

It includes all the required material and plans

· Proposal writing

· Defining team members and leader of group

· Collecting all the essential information

· Execution viability analysis

· Customer necessities definition

· Improve project charter

· Identify shareholders

The Construction “project managers shoulder the responsibility of keeping the project moving according to plan. The goal is to manage the project so that it finishes on schedule and within budget, while still meeting building codes, plans, and specs. A construction project manager may also be charged with setting the parameters, finances, and calendar; vetting and hiring subcontractors and on-site workers; developing a strategy for potential conflict resolution; and more.”

Now the project has already started, and all the necessary resources are provided, and I will make sure that the quality of work is up to my standards (Cleland, 1975). I will keep monitoring the execution face constantly by using GANTT and PERT charts which I made in the initiation phase. I will keep asking the subcontractors that whether they find any difficulties and if any revision in the initial plan is required or not (Bueler, 1997). Here, only my physical presence and communication is necessary because all the mental calculations and paperwork have done initially. I will contact my friends to let me know the best workers, and then, I will surely visit their previous construction to satisfy my mind (Cleland, 1975). As a 9-5 job person, I need to ask my few friends to take the responsibility of supervision in my absence. Also finding the subcontractor that assure me to set the house up within a limit of 300,000, will be the best choice. I will set all my constraints and then will develop the contingency plans for each major problem (Burke, 1999). I will have to set the timeline for different activities so that within nine months, I will be able to shift in the house.

In building up a development plan, usually to receive an imperative accentuation on either cost control or plan control as outlined in Fig above. A few activities are essentially partitioned into cost classes with related expenses. In these cases, development arranging is cost or cost situated. Inside the classifications of consumption, a refinement is made between costs brought about straightforwardly in the execution of an action and in a roundabout way for the achievement of the undertaking. For instance, obtaining costs for venture financing and the above things are ordinarily regarded as unusual expenses. For other projects, scheduling of the work activities over time is critical and is emphasized in the planning process. In this case, the planner ensures that the proper precedencies among the activities are maintained and the efficient scheduling of the available resources. Traditional scheduling procedures emphasize the maintenance of task precedencies (resulting in critical path scheduling procedures) or efficient use of resources over time (resulting in job shop scheduling procedures). Finally, most complex projects require consideration of both cost and scheduling over time, so that planning, monitoring and record keeping must consider both dimensions. In these cases, the integration of schedule and budget information is a significant concern. Also, the defined budget is $300,000.

Project manager, project team and stakeholders all their meetings and attendees, planning meetings and analysis include in this.

· Risk management cost &

· Risk management schedule activity

It has all the detail analysis of the construction of the house, like how much construction is done up until now and what changes are required and changes are needed.

Methodology: in case of any risk we shall call a meeting amid the project team and project manager. Initially, we examine the influence of risks on the project and to find the best possible methods to cater the risks.

Approaches: in the meeting, elaborate plans for leading the risk management actions will be defined in the meeting. Risk management costs, basics and calendar activities will be developed. Risk contingency reserve application approaches may be recognized or studied. Risk management responsibilities will be giving general structural patterns for risk types and definitions of the term such as level of risks. Likelihood by type of risk, influence by type of objectives and the probability and impact matrix will be custom-made to the given project.

Roles and Responsibility: “All the project team will be held responsible for the risk handling, every member plays a unique role in identifying the risks, but it is the responsibility of project manager to focus on the main risks that may occur a big problem for the given project. The manager will prepare the formal document after consulting it with team members and after identification of the risks. Also, this document it will be followed to the CEO so that he would also know about the risks. If the project will not handle risks manages then it will be the responsibility of CEO to solve risk.

Timings: in this project risk management will be performed whenever the risk occurs.

Finally, the management plan for the construction of house is discussed with the team and sponsors and can be altered in case of any modification. And then submit the updated plan.

This procurement plan sets the procurement framework for its project. It will be used as the guideline for managing procurement throughout the life of the project, and it will be updated whenever required. The given below is the procurement project plan is given below:

Procurement Process

The whole procurement process is under the authority of the project manager and also, he is responsible for sales and material selection:”

References

Bueler, W. M. (1997). An agenda for sustainability: Fairness in a world of limits. Notre Dame, IN: Cross Cultural Publications. 

Burke, R. (2011). Project management: Planning and control techniques (4th ed.). Chichester, Sussex [etc.: John Wiley & Sons. 

Cleland, D. I., & King, W. R. (1988). Systems analysis and project management. New York: McGraw-Hill. 

Duncan, W. R. (1996). A GUIDE TO THE PROJECT MANAGEMENT BODY OF KNOWLEDGE. Retrieved from http://www2.fiit.stuba.sk/~bielik/courses/msi-slov/reporty/pmbok.pdf

Morris, P. W., & Hough, G. H. (1993). The anatomy of major projects: a study of the reality of project management. Chichester: Wiley. 

Shenhar, A. J., & Dvir, D. (1996). Toward a typological theory of project management. Research Policy, 25(4), 607-632. doi:10.1016/0048-7333(95)00877-2

Turner, J. R. (2009). The handbook of project-based management: Leading strategic change in organizations. New York: McGraw-Hill.

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