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smu assignment summer 2014 answers mba PM0010 – INTRODUCTION TO PROJECT MANAGEMENT Q1. Case Study: New Age Constructions

New Age is a building construction organisation based in Bangalore. The organisation, which was established in the year 2005, is relatively new in this sector. The activities of the organisation are limited to Bangalore. There are a number of well-established builders in Bangalore. Therefore, initially New Age found it difficult to obtain large projects and undertook only small building projects.
However, recently, New Age has got a lucrative contract for building a large shopping mall. The organisation finds the contract to be a stepping stone of its future success. Therefore, it is striving to deliver the project on time and within the planned budget. The organisation has hired Mr. Sinha as the project manager.
To carry out the assigned project, Mr. Sinha has emphasised on three principles of project management including the principle of project strategy, the principle of team building, and the principle of satisfaction. During the project, Mr. Sinha communicated the relevant project information to all the team members. However, he did not prioritise maintaining a thorough documentation of the entire project.
Seven months into the project, Mr. Sinha faced some major issues. He was asked by the management of the organisation to provide a complete project report on a day-to-day basis. Moreover, it was also noticed that he used some extra human resource, which affected the project’s cost management as well. Mr. Sinha did not even consider the triple constraints of the project

Questions:
 a. As a project manager of New Age, which knowledge areas and principles would you like to follow the most?


 b. Do you think considering the triple constraints would have helped Mr. Sinha? Justify your answer.

Answer: project manager of New Age need to Follow following knowledge areas and : 
Project integration management: It includes processes that ensure proper coordination of
the following elements of a project:

Project plan development: It refers to creating uniform and reliable documents by combining and organising all project plans.

Project plan execution: It refers to implementing a project plan by performing the activities involved in a project.

Integrated change control: It refers to synchronising any changes across the project.

Project scope management: It consists of processes that ensure inclusion of only agreed-upon activities required to complete the project successfully.

The steps are:
Initiation, Scope planning, Scope definition, Scope verification, Scope change control.

Project time management: It takes into account the processes that ensure timely completion of a project.

Project cost management: It represents the processes that ensure project completion within the approved budget.

Project quality management: It ensures that the project satisfies the needs for which it has been undertaken.

Project human resource management: It ensures efficient utilisation of people involved within a project.

Project communications management: It includes processes that ensure timely and suitable creation, compilation, distribution, and storage of project information.

Project risk management: It involves processes that maximise the likelihood of positive outcomes and minimise the likelihood of adverse outcomes. Risk management is the systematic process of identifying, analysing, and responding to various risks related to a project.

Project procurement management: It includes the processes that ensure procurement of goods and services from outside to accomplish the objectives of a project.

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