Managing Projects Essay Example for Free

Managing Projects Essay This is an individual assignment-please complete both tasks 1 and 2 Both tasks relate to the units in the module guide and the attached case study. It is advised that you read the case study thoroughly before attempting the tasks. Task 1 (40% marks) 600 words (+/- 10%) each short answer question requires a response in a few sentences for the questions awarded up to 4-6 marks and a paragraph for questions awarded up to 8-10 marks. 1. What are the core principles/characteristics of any project and why are they important? (8 marks). 2. How would you have defined the scope of the project in the case study (6 marks). 3. Using the information below, plot out a full project Gantt chart and identify the critical path? How many days does it take to complete the project? (6 marks). 4. Define one of the following cost appraisal methods; NPV, Payback or IRR. What are the benefits of your chosen method? (4 marks). 5. How would you have assessed and managed the risks on the project in the case study (6 marks). 6. What quality methods (project evaluation, monitoring and control) would you introduce to ensure this project is completed successfully (10 marks). Task 2 (60% marks) A case study report of 2500 words (+/- 10%) Please read the case studies of ABEK Limited. You are required to prepare a report concerning the main issues to be addressed from a project management perspective (2,500 words). From a project management perspective outline the activities required to successfully implement this new initiative, ensuring that it can open on-time, and within budget. Assignment guidelines: The assignment should be written as a formal academic report with a clear introduction and logical presentation of points (2500 words +/- 10%). The Harvard referencing style is required for citations; a word count must be noted. Fictitious Case Study: ABEK Limited. ABEK Ltd is a company specialising in the manufacture and supply of specialist auto parts to the automotive industry. The organisations they supply includes: regional, national, and international companies. The company has been particularly successful since it started trading in 2007. They trade from a single manufacturing site (25,000 square metres) that also includes office accommodation. At present the company employs a General Manager, managing 250 staff. Their product is manufactured and then delivered to a distribution centre. As part of a strategy of expansion, ABEK Ltd has employed you as a Project Manager to manage a one off special project. This project is concerned with the opening of a new building that  ABEK Ltd has recently acquired alongside their present site. This new building will allow the company to target and respond to large global organisation’s demands for more products, especially in Europe. This project is concerned with ensuring the operational requirements of the new facility are addressed and that there are no delays in continuing to supply present customers. As Project Manager you are responsible for ensuring the initial opening and operational requirements of the new facility are identified, ensuring that the facility can open on-time, and within budget. Again you should note that you are taking possession of a purpose built building and have to address the issues that would allow the building to be operated by your client. You should note that the emphasis on the report should be concerned with you communicating your knowledge of project management. You are required to prepare a report concerning the main issues to be addressed from a project management perspective (2,500 words). From a project management perspective outline the activities required to successfully implement this new initiative, ensuring that it can open on-time, and within budget. Your analysis should include the skills and competencies required by the Project Manager, along with the project management process. Use examples of the concerns, stages, processes, leadership, and administration and control problems associated with managing the lifecycle of this major project.