PROJECT MANAGEMENT

Project Management

Project Management

Introduction

In this report, we will be covering the case study of project which is about a new road scheme. According to the case stduy presented over here, we have been appointed as the Engineer in charge of a new road scheme linking Pontypridd to Cardiff. As part of the cost control tool at the pre-tender stage, and to help our firm plan borrowing, and to show how much surplus cash our organization is likely to have at a given time for the project, we have been asked by our Managing Director (MD) to prepare a to cash flow forecast. In addition, our MD wants us to create a contract document using the New Engineering Contract (NEC3) for all sub-contractors.

In order to make and analyze the s-curve along with aother aforementioned documents, we need to understand its imporatnce and usage in order to implent it over here in the provided case study.

S-Curve

S-curve is basically a project management tool. In order to go in details of S-curve, we need to understand the basic concepts of project management as well. The growing importance of project management is taking on companies, especially in technology, manufacturing and construction. Along with that, there are benefits of implementing a corporate culture around project management in the enterprise. It enables quick response to changing demands. Provides the ability to adapt to change and manage the change. The reasons why the Project Management can respond quickly follow. It maximizes the ability of the organization: Get more for less cost. Project management identifies all functional responsibilities towards fulfilling the mission of the company, ensuring that all members of the organization are aware of their responsibility. It also identifies potential improvements in processes, providing time and cost savings. It coordinates the various internal and external resources. In many cases, the same supplier has contact with different areas of the company and do not exploit the synergies that this can provide. It provides an overview and improves communication within the company. Allows transfer knowledge between departments that otherwise would act sealed. Sets overall objectives beyond the visions of each group, department or area. Manages budgets and costs throughout the organization. Allows to set priorities within the various pending actions. It allows us to learn from the past through proper project management creates a "know how" in the company that may use that expertise to the planning and implementation of future projects. It provides a correct perception of the true capacity of the equipment, as it maximizes the synergies between the various members. It identifies risks and problems early, allowing corrective action to be designed in time. It provides a customer-centric view, as the project manager is usually the customer's sole interlocutor and defends the interests of the same within the organization. It provides information to management and reduces the need for all team members are doing reports constantly, since the information is centralized in the Project Manager. It ensures quality, allowing the customer to provide a result in line with the requirements and fitness for ...