Question

Scenario: You are the project manager responsible for a new building construction in northern Virginia. The building is worth $500,000 and will have five bedrooms, a kitchen, landscaping, and a two-car garage to be completed in two years. This was agreed upon in a firm fixed contract. During the execution (construction) of the building, you realize that the cost of materials have gone up by 10%, and your schedule is behind by 90 days due to delays from county inspections and permit processes. You also notice that if you continue with the current cost rate and schedule rate that the total cost to complete this house would be $600,000 and delivered three months late.

Submit a three-page report explaining the reasons for these variances from your original project management plan and the proposed steps on how you are going to control the cost and schedule to achieve the contract threshold of $500,000 to be delivered in two years. Your plan must include the following:

• Address identifications of impacted activities with their cost and schedule attributes, remembering to account for contingencies.
• Address explanations of the roles your project management team will play during the execution of your project management plan and how they will help you to control the issues that are arising during the project.

Answer 1

Answer:

Project Management set up

When coming up with the project execution, some problems have to be compelled to be addressed supported the time allotted and therefore the availableness of the resources required. There are things that the project can go the surprising approach whereby the value can go up and therefore the time is less compared to what had been planned. These variations are caused by poor coming up with a schedule that shows what should be done and once to be done. once direction a project, one should please the shopper, your management and therefore the project that aims at keeping the political fireplace in restraint (Burke, 2013). within the completion of the project that was targeted to be finished inside 2 years and to value $500,000, there have been some that are delayed creating the method delay. The delays from the county inspections and allow method ar the beginning of a delayed project whereby the activities that had been planned to be dead at that exact time can have to be compelled to be pushed to a later date. once coming up with the project, the time allotted was 2 years. This was comprehensive of the time that may be taken by the authorities to allow and provides the required documents for the project to travel on (Kerzner, 2013). To be ready to have a transparent read of what would have gone wrong, let’s have a schedule that may involve the value and therefore the activities to be administrated throughout the 2 years.

From the table on top of, that was the budget that the project started with and therefore the time allotted to every activity. This, however, wasn't the case whereby some actions were delayed which meant the project would have to be compelled to extend with a few months. the value incurred doing the activities was going over expected largely because of the length taken to attend for the permissions. in a very project, the longer it takes, a lot of the value. once the authorities withhold the documents that provide the go-ahead for the development, the contractors should have to be compelled to wait until the documents are bestowed. The shopper cannot operate while not having all the small print, and so, there should be a complication between the management and therefore the shopper. The shopper has to see that everything has been done before the project commences.

Poor baseline schedules might are one in all the causes of the variances whereby the projection of the activities failed to replicate the truth. usually, there are issues with the authorities whereby they have a tendency to delay permissions for constructions. This meant that the schedule ought to have enclosed longer allotted to the time taken to receive the permissions from the authorities. Suppose they'd have given 3 months to the method. this might have meant squeeze of the activities that followed to satisfy the 2 years target. The delay by the authorities caused a rise of 3 months to end the development. the opposite cause could also be scarce resources compared to what had been planned. Having to set up a budget of $500,000 then realizing the project can value $600,000, it means that the approximation of the resources was done wrong. this can be a primary drawback once managing a project which suggests there'll be straining of the resources (Reiss, 2013).

The project management team features a massive role to play in guaranteeing that the point is met. this can mean the straining of the resources and to maximize the remaining time. Having a contract of 2 years means that once those 2 years the shopper needs the work done. Failure to having the work finished, the shopper can contemplate that as a breach of contract as made public by the laws of associate degree agreement. The time that was allotted to the assorted activities has to be adjusted. The project management team can have to be compelled to explore for higher ways in which during which to collect the activities to satisfy the time such (Reiss, 2013). for instance, rather than having to construct the house and therefore the garage throughout totally different times, the team might prefer to have each the activities done along. this can facilitate save totally on time and can guarantee higher utilization of the resources. the surplus quantity of cash that the project would have value is reduced once the various activities are done along. there'll be time-saving, and therefore the resources are used to the utmost.

Reflections on My Learning

There is the necessity for a project manager to consult the team to confirm what they set up is accomplishable and real. Project management desires a great deal of attention to create positive that the time and therefore the resources allotted ar real and correct. One could also be drawing a project decide to accomplish inside an amount, however at the top of it, all won't have it succeed. this can be for the rationale of lack of a correct setup and budget. The budget and time allotted are 2 crucial aspects that one ought to be terribly keen once managing the project set up. Project managers WHO don't have a true and possible project set up ar in peril of getting their project fail.

References

Burke, R. (2013). Project management: planning and control techniques. New Jersey, USA.

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