BUS 101 Project Management Final Project exam study guide 100% verified

PROJECT MANAGEMENT PLAN Project A project is a temporary endeavor undertaking to create a unique product, service or result. Project Management Project Management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements. Phases of Project Management The phases of Project Management are as follows: a. Initiating b. Planning c. Executing d. Monitoring and Control e. Closing Skills Needed To Manage a Project Following skills are needed to manage the project of construction of hostel building block: a. Identify outcomes and deliverables b. Devise a sequence to achieve the goals c. Recognize when the outcomes will be achieved d. Identify the key issues 4 | P a g e (INITIATION PHASE) The Initiation Process consists of those processes performed to define a new project or a new phase of an existing project by obtaining agreement to start the project or phase. Within the initiating processes, the initial scope is defined and initial financial resources are committed. Internal and external stakeholders who will interact and influence the overall outcome of the project are identified. Or in simple word we can say that in this first phase of the project the project charter and the stakeholders are identified. INTRODUCTION Purpose of Project Management Plan i. Nature of the Company: Construction Company ii. Corporate Status: Partnership Firm iii. Project Location: Site near Expo Center, Johar Town, Lahore AARTH Constructions is a reliable company in construction industry. It is an association of persons. It has been active in construction business for about a decade. The main aim of this company is to fulfill the needs of customers and satisfy them by providing the best possible outcome. We provide our customer what they require at a reasonable price. Recently our company signed a contract of construction of a hostel for students in Johar Town with University of Central Punjab. The university floats a contract about the new hostel construction with specific requirements. For this purpose our company is chosen considering our reliable image in the market at a reasonable cost. The duration decided for this project is two years with a building consisting of 100 rooms and two floors. And the budget allocation for this project is thirty million rupees 30,000,000. All this description is written in the contract and both of the parties signed this agreement. Project Team Project team is established in order to complete the project successfully. It includes: 1. Project Manager: Mr. Arslan Hameed Bukhari 2. Team Leader: Mr. Muhammad Hamza 3. Team Members Ms. Arooj Imtiaz Ms. Rija Saqib Ms. Tayyaba Bangash 4. Assistants Mr. Aslam Khalid Mr. Tayyab Ali Mr. Khawaja Farhan Mr. Imran F