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Project Description: Student groups will select an industrial project to be deve

ID: 352318 • Letter: P

Question

Project Description: Student groups will select an industrial project to be developed throughout the semester. Students groups will select an appropriate project and define measurable project objectives and requirements. A project plan and schedule will be generated as well as resources allocated to accomplish project objectives. Prepare a group project for the class. Use as your model one of the following

Construction project

Software development project

Events management project ( e.g. Awards banquet)

New product development

Project Components: Using the following outline, student groups will develop project content as specified by the instructor.

Scope

Initiation

Planning

Definition

Planning and scheduling (executing process)

Work Breakdown Structure

Activity definition

Activity sequencing

Activity duration estimation

Network Diagrams

Project cost management

Resource planning/allocation

Cost estimating

Cost budgeting

Risk Management

FMEA

Project control (monitoring)

Monitoring and measuring progress

Project closing

Project Report: Individual students are responsible for maintaining a personal copy of their group’s project report. Within the same group, the content of that report should be very similar. The project title and student name should appear on the cover (typed). The contents of the report shall be as follows:

Project description (1 to 2 paragraphs)

Titled dividers for project processes

Team members and workload estimates

Initiation (description, scope, objectives)

Planning (WBS, ……)

Scheduling (execution)

Financial plan/budget estimate

Risk management (FMEA)

Monitoring and control

Closeout

Explanation / Answer

Construction Project

Construction project management requires the skill and knowledge about the project but applied to construction industry. The base of the construction management is new ideas and technologies.

Scope- A well written statement is that work should be clearly written which should be undebatable by the contractor and the construction management. The scope of work is prepared with the help of corresponding departments and files.

Initiation- The contact times will commence to run on the thirteenth day after the effective date of agreement. A notice is also served within 30 days from the approval of the agreement. Agreement is signed by all the parties of the contract.

Planning- Since the time you make a decision to make a contract all the necessary steps should be followed by the all parties of the contract. Owners attention is completely needed in the planning participation of making the contract.

Definition- This is a professional services which is served by the contactor to the contractee. All the necessary planning and plotting is done by the contractor with the help of the members included in the contract.

Planning and scheduling- Both the term planning and scheduling are the important part of the contract management. planning and scheduling helps mangers to complete the projects at the given time with the proper sources.

Cost estimating and budgeting- An estimate, forecast or prediction of what is the actual cost is given to complete the project based on thee ownership object. cost estimating can make or break the contract.

Risk management- Risk management is the most important factor in the field of contract . But to manage the risk factor contactor should follow the proper methods nd techniques to complete the project.