PROJECT MANAGEMENT

Question 1

Step 1:

Identify ANY three real-life projects, preferably from your professional working environment. These can involve your own work or work in the department in which you are employed.

Tips for choosing your projects:

The most suitable projects are those that you might, reasonably, have authority and agency over. This ensures you will have a more detailed understanding of any complexities involving stakeholders, formal and informal authorities, and issues of power and interest.The projects need to focus on areas that could provide improvements in your department in terms of quality of work, working processes and efficiencies, or the customer/client experience.You will not be required to actually execute the project.

Ethical and confidentiality declaration:

For ethical and confidentiality reasons, you will need to replace the real name of your organisation, and possibly department, with a fictitious name.You must also not use the real names of people in the organisation, or customers, clients or external organisations.

Required:

1.1 Provide a statement in which you explain the reasons for confidentiality considerations (including that the real organisations and all stakeholders have been replaced).

Step 2:

Write two paragraphs for each of the projects you identified in step 1.

The first paragraph should explain the project holistically and provide a motivation for your choice of project.The second paragraph should provide financial aspects of each project, which you will use to evaluate and compare their viability.

TIP: select one of the tables provided on the following page for financial considerations and to support your approach.

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Project data

1.2 Project 1
1.3 Project 2
1.4 Project 3

Example of tables:

Table 1: Financial considerations

Project 1Total projected benefit in terms

of income element A (profit estimated)

Total projected benefit in terms

of income element B (profit estimated)

Total projected benefit in terms

of income element C (profit estimated)

TOTAL INCOMETotal cost of element X (project)Total cost of element Y (project)Total cost of element Z (project)TOTALProfit

Table 2: Financial considerations

Project 1Project 2Project 3CostIncomeCostIncomeCostIncomeTotal projected benefit in terms

of income

Total cost of XTotal cost of YTotal cost of ZTOTALProfit

1.5 Based on your answers to questions 1.2 to 1.4, explain which one of the three projects you would select to implement. Motivate your selection. Remember to reference your sources correctly.

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Question 2

Work Breakdown Structure

Develop a three-level work breakdown structure for the project you selected in Question 1.5. Remember to reference your sources correctly.

Question 3

Critical Path Method

Step 3:

Review your answers to Question 5 and Question 2.Establish the sequence of activities required for the components of the entire project (i.e. from the beginning to the end of the project).Once the sequence of activities has been defined for your selected project, you need to consider the following:What is the expected duration?What are the earliest start and finish times?How would the project’s expected completion date be affected by different delays in activities?Identify a minimum of ten activities.Identify the unit of time you will use (this could be hours, days, weeks or months).