Aveneu Park, Starling, Australia

BIRMINGHAM unique aims, normally to command huge valuable

BIRMINGHAM
CITY UNIVERSITY

Assignment

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Project
Management Methods

Project to Design, Build & Install an Emergency Power Plant at
a Tidal Barrier

MSc

 

Session
2017-18

                                   

 

 

 

 

 

 

 

 

NAME:
SADAF SHIREEN

STUDENT
NUMBER: 17155376

 

 

Table of Contents:

Introduction. 3

Gantt chart 3

Earned Value. 4

References. 7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Project to Design, Build and Install an Emergency Power Plant at a
Tidal Barrier

Introduction:

In general project
management is regulation of managing,
planning, controlling, implementing, and closing work of group to achieve
specific requirement & meet specific success standards.  Project is temporary effort design to produce
superb product, overhaul or outcome with defined start & end assumed to
meet required purpose and unique aims, normally to command huge valuable change
or enhanced value. New project management is important
to attain achievement in project to applied & to manage the project efficiently
in organization. In addition to proper planning & resource requirement of
project & others. project management can approximate the implementation budget
of anticipated project & provide essential implications as well as making a
schedules and specific path of the actions. What is more project managements
improve the connection between its provides and members accord with priorities
of particular table and stable steps?  In
same way, project management can correctly identify risk that can possibly
assess the situations and affects the obliged function during the project plan
and provides optional solutions in case of failure of the project (Kerzner et
al 2013).

 

Gantt chart

Gantt chart has been developed over Hundred years and it is approached
to stipulate quick & simple grasp to explain the project actions. Moreover, it has real confidential inspecting timetable & manually created as
well as across some processes sections to noticing heuristics and recover it.
In such cases, there is huge number of data that could be used as a consequence of these proceeding, e-g, What and when
are jobs, and in any of machinery, period, & where cramming and sloth
happen. These can effortlessly change the method & make it easier for
management because they based on issue
that affair them. Gantt chart is reflected as a dependable way, relieve the
communication procedure between consumer and analysts as well. It could show an
efficient and vigorous way to apply a close communication to arranging. With grasped
into thought that it isn’t the full and final nominal solution (WILSON,2003).

The purpose of Gantt chart is to show, clear and bring all activities
that track the project where all these features contain start and finish dates.
Besides, it is to distinguish the demotion
of any action in the project through Gantt chart. Some of the advantages of
Gantt chart is self-specific & accurate
schedule for the growth & addition of project and could arrange an orderly,
tidy and neat and clean. With these benefits and reward, there are certain
problems that may encountereed on the
Gantt chart (WREN,1994).

 

Using
Gantt chart may be a main influence and assistant to all those expert and people
who use it or who are in touch with it, as well as to rose the objects that go into
protrude in order to be performeed. It
can be considereed as an envious of
graphical scheme & also arranged and developed a specific period of time. What
is more or an additional, it can take more
plus point or advantage of Gantt chart when they are applied, use
and implemented on tiny projects due to very fewer difficulties or
complications than major projects, and the addition in that could be easily
change or edited (PROVOST,1961).  In existing
or current   projects, Gantt chart is the most frequently
or commonly used implement or tool and enters the data that is use in planning
and control. After a review or you can say after survey or research had made on
more than 740 project managers, found that Gantt chart is the 4th on the basis of the utilization of this tool, after all that survey or research out of
a total of seventy technical and tool-related project management (BESNER AND HOBBS,2008).

 

Usually, Gantt chart is used or implement on
projects to be assessed or measured from the timing of the responsibilities or
accountability in the project area before the start of the project. However, when the project enters to a next or
upcoming stage, it will be than possible to contrast or examine the actual
performance of the project with the expected performance,
and it is meant to be by this performance. We
can describe all these in other word, it become only possible to manage
the complete time for the project in the case, if these projects took deviated from the performance that is expected and
try to find out it and process in the way better than it was. Therefore, some exact steps and measures need to be taken, &
included in the exclusion of most of the dangerous obstacles that may affect
the project as well as may cause to rearrange the actions in the project in
order of importance. These actions can describe,
that it will affect performance & efficiency of the project (LEVINE,1986).

 

 

Earned Value System (EV)

Earned
Value (EV) is a technique and too that is mostly
used in projects for an early finding or discovery and that it can show
or indicate us about the future of the project, in about 15% of project
completion it makes it clear to project manager that project manager that how is
project going on. With these predictions it makes it clear that the project
manager & the required finace or technique is necessary to complete or
reached to the task planned, pre-assumption or the exact costs of the project
and in a very restrict range of significances of the time. In the case of where
we are not fully satisfied with the management of
the final results obtained, other very quick actions can be taken to change the
full and final requirements and in the beginning of implementation of the
project (KOPPELMAN AND FLEMING, 2000).

 

One saying is “You can’t manage what you can’t measure… or on the
other hand we it can be figure out like, what
gets measured gets done.” – Bill Hewlett. Similarly,
Earned Value (EV) a very
segnificant or very critical tool in project management which have a significant plus points for the management of arrange,
cost and possibility of the project. Moreover,
it can be obtained using the importance of the process of retrieve to a
very quality data & analysis to better & effectively require preparation on the basics of the attainment
process & standard in the basics of earned value management (EVM). Further-more project managers relay on earned
value enormouslyy, to find out the problems
and issues that happens in projects and especially those that grow larger and
more complex (Kupec, 2015). 

 

More
than that, Earned Value (EV) is a tool what is enhance than other typical tools
in managing tasks and performance, so the system data depends on the following
basis:

–  Actual value to complete the work (AC).


Budget or the value of the planned value of the work which is to be implemented
(PV).


Earned value a completed physical work (EV).

 

With
these, the expectation of different data & slandered  to make decision-makers much more reasonable
and sensible, as project, comes from the point of view to actual performance (Fleming and Koppelman, 1998). The
relationship b/w earned value management (EVM) and actual costs of the project is shown in the figure below as
well as the information on the project
schedule.

Figure (1)

Source: (Com, 2008) 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

References:

https://www.pmi.org/learning/library/earned-value-management-systems-analysis-8026

Wilson, J. M. (2003) ‘Gantt charts: A centenary
appreciation’, European
Journal of Operational Research, 149(2), pp. 430–437. 

https://www.wiley.com/en-us/The+Evolution+of+Management+Thought%2C+6th+Edition-p-9780470128978

Provost, Sr. R. G.
(1961) ‘The contributions of Henry Laurence Gantt to scientific management’, The Journal of Industrial Engineering,
Vol. 12 (1), pp. 62–65.

https://www.pmi.org/-/media/pmi/documents/public/pdf/learning/pmj/2007-march.pdf

Levine, H. (1986) Project Management Using Microcomputers.
McGraw-Hill Book Company, Inc., New York.

https://www.projectmanager.com/gantt-chart

Fleming, Q. W. and
Koppelman, J. M. (2000) Earned value project management. 2nd edn. United States: Project Management
Institute.

http://www.ipma-usa.org/articles/EVM-Contemporary-Trends.pdf

Fleming,
Q. W. and Koppelman, J. M. (1998) Earned
Value Project Management – A Powerful Tool for Software Projects. Available at: http://www.stsc.hill.af.mil/crosstalk/1998/jul/value.asp (Accessed on: 10 January 2016). 

Com, W. D. (2008) WHITE PAPER the basics of earned
value management. Available at: http://www.deltek.com/pdf/whitepapers/us/wp_basics_evm.pdf (Accessed: 21 January 2016).

Kerzner, H.R. (2013) Project management: a systems
approach to planning, scheduling, and controlling. John Wiley & Sons.

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