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9S-BM522 Project Management
9S-BM522 Project Management
Mr Nauman Ali
Tutor(s):
Mr Ali Hamdani
nauman.ali@oxfordbusinesscollege.ac.uk
Tutor’s Email:
ali.hamdani@oxfordbusinesscollege.ac.uk
Submitted by:
Student ID:
Word Count:
Date of Submission:
1
Executive Summary
The aim of this report is to understand the three extensively used project management
methodologies in detail and along with the major benefits and limitations. The project also
develops a Network diagram and calculates a critical path for the musical festival by Bucks
Students’ Union. The evaluation of the key stakeholders within the project also enables the
managers to understand the influence and power of the stakeholders within the project.
Furthermore, the assessment of the risks in the project can enhance the reliability within the
musical festival project and increase the delivery of the project. The plan also delivers a
Work Breakdown Structure to enhance the chances of success within the project.
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Table of Contents
Introduction................................................................................................................................4
Task 1.........................................................................................................................................5
PRINCE2 Methodology.........................................................................................................7
Waterfall Methodology..........................................................................................................8
Task 2.......................................................................................................................................11
Task 3.......................................................................................................................................15
Task 4.......................................................................................................................................19
Conclusion................................................................................................................................22
Reference List..........................................................................................................................23
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Introduction
Development of a project and delivering all the major outcomes within the stipulated
constraints is a tough task. The managers of the project required to rely on the skills and
various tools and techniques of project management to deliver the major project outcomes in
a successful manner (Heagney, 2016). The aim of this project management plan is to help the
manager of the Bucks Students' Union Music Festival project to optimise the project using
several tools of management. Several project management methodologies are discussed
within the project to help the managers select the right one for the successful completion of
the project. A network diagram is also developed and the time aspect of the project is
properly scheduled to gain maximum efficiency. The plan develops the critical path and
controls the flow of work in the project. Furthermore, the major stakeholders within the
project are also evaluated and communication strategies are developed for the project
managers to maximise engagement. The major risks in the project are also discussed and their
mitigation strategies are created to boost the overall reliability factor of the project. A work
breakdown structure is also developed in the project to enhance the overall efficiency of the
project.
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Task 1
Managing projects requires several skills, competencies and serious efforts from the project
manager, teams and the key stakeholders. In any project, the managers need to implement a
project management methodology that guides the overall project and ensure thorough
completion of the project.
In the current business space, there are several projects that work on a wide range of methods.
But the most commonly used methods and the ones that have gained high popularity are
analysed in the following paragraphs. These methodologies are commonly used by the
project managers of industrial projects to complete them successfully.
5
Figure 1: Critical Path Methodology
PRINCE2 Methodology
PRojects IN a Controlled Environment or (PRINCE2) can be understood as a project
management approach that aims to complete all the milestones in the project by minimising
the overall inputs in the project and maximising the outputs. As suggested by Vaníčková,
(2017), the methodology is a very efficient and flexible method and is used by the project
managers across all the industries to complete the projects. In this approach, there are 7 major
Themes, Principles and Processes that are applied within the project. This makes the project
more reliable, efficient and enhances the overall chances of the project.
7
Benefits and Limitations of the Methodology
Waterfall Methodology
The waterfall project management methodology is a traditional method to manage projects.
The managers use this approach frequently to complete the various aspects of the project as it
enables them greater control over the project. This is an approach that follows a linear
structure and stops the flow of work whenever it faces a snag. As discussed by Andrei et al.,
(2019), project activities move by following a sequential pattern and this helps the project
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managers to deliver all the outcomes in the project. The linear flow of the project makes it
difficult to be implemented in large-sized and complex projects with multiple deliveries and
milestones. But it is very efficient for completing small and medium-sized projects.
9
(Thesing et al., 2021).
The project approach is not very Documentation in the project takes
much dependent on the clients and is up a significant amount of time to
completely reliant on the project complete.
teams.
It has elaborate documentation after The feedback from the clients and
the completion of each phase of the the end-users cannot be implemented
project. within the projects.
Table 3: Advantages and Disadvantages of Waterfall methodology
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Task 2
15 4 22
1 2 15
0 Hire Place For Auditions 22 6 22
0 Hire Publicity Director 22 16 29
15 7 22 11 Hire Production & Publicity Crew
1 14 15 59 Develop an Advertising Plan
33 28 61 81 7 88
29 17 50
59 Advertising Media
88 21 109
22 9 24 24 10 108
0 1 1 0 Auditions To Hire Cast and crew 0 Cast Rehearsal
15 5 22
0 Budget Approval 22 2 24 24 84 108
0 Advertising To Hire Crew and Cast 109 22 119
0 1 1
15 7 22 0 Performance
27 19 34 109 10 119
69 Order Costumes
1 3 15
96 7 103
46 Hire Set Designer 99 20 104
47 14 61 4 Costume Parade And Alterations
1 12 8 57 7 99 103 5 108
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Critical Paths: 1–2–4–9–10–21–22 and 1–2–5–9–10–21–22
12
Figure 6: Network Diagram and Critical path
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Definition of Critical Path
In a network diagram, the shortest path that can be calculated from the initial task to the final
activity within the project can be defined as the critical path in the project. All the critical
activities are identified and a path is formed. In the views of Harrison and Lock, (2017), this
critical path is of the longest duration within the project. Controlling the critical tasks within
the project enhances the critical chances of success in the project and also allows the
managers to deliver all the major outcomes on time.
In the development of the critical path of the music festival project by Bucks Students’
Union, the activities are scheduled using the early and late start/finish time in the project. The
critical path in the project is evaluated as 1–2–4–9–10–21–22 and 1–2–5–9–10–21–22.
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Task 3
P
o
w
er Spectators Project Staff
Power
High
Interest
Amount of
How would the stakeholder Power/Interest Commu
Category Stakeholder affect the project or be The nication
affected by the project stakeholder Strategy
has
External Spectators The spectators will buy the tickets High / Low Text
and come as gusts in the musical Messages
festival by Bucks Student’s Union. and
Their presence will highly impact
Emails
the success of the festival.
Internal Investors The investors within the project High / Low Phone
will invest funds and provide Calls and
financial support to the employees Emails
to deliver all the major
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deliverables within the project.
Internal Project Staff The project teams will work High / High Phone
towards achieving all the major Calls and
goals within the project and ensure Emails
safety and reliability within the
project (Kalbaska et al., 2017).
External Material The materials suppliers will High / High Phone
Suppliers provide all the necessary items and Calls
equipment that will be required to
deliver the major outcomes within
the project. They will play a
crucial role in making the project
successful.
Internal Admin The Admin in a project will ensure Low / Low Phone
proper management of employee Calls and
relations in the project. They will Emails
also ensure proper allocation of the
resources in the project. The
Admin will also take care of the
necessary deliverables within the
project.
External Police The police officers will work Low / Low Letters
Officials towards providing security in the and
performance and also provide the Permit
required permits to the
Forms
management of the Bucks
Students’ Union to host the music
festival.
External Bands and The performers in the project are Low / High Phone
Artists one of the main stakeholders as Calls and
they will ensure the success of the Emails.
performance and also ensure the
Making
overall success of the festival.
Contracts
They will also attract the audience
is a
and ensure that they are
necessity.
entertained.
16
External Media The local media will cover the Low / High Phone
event and will also enhance the Calls and
awareness of the event in the local Emails
news (Camilleri, 2018). They will
also be reporting during the event
and advertising for attracting more
and more spectators within the
event.
Table 4: Stakeholder Analysis
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Work Breakdown Structure
Musical Festival by
Bucks Students' Union
3.3
1.3 Cast 5.3 Cast and
Advertisement
Auditons Crew
plan
18
Task 4
P
ro
b
a Operational Risk Communication Risk
Probabilit
High
Financial Risk
Impact
20
major risk that one or legal paperwork, the
should take care of to managers need to ensure
properly deliver all the that all the activities are
major outcomes within followed within the
the project as it can lead music festival project by
to legal issues and even Bucks Students' Union.
the police and local
authorities might get
involved.
Financial Low Impact / The financial risk within The financial risks
Risks High Probability the project can be within the project can
understood as the occur due to inefficient
excessive flow of cash control over the project
into the delivery of the and also due to overall
music festival by Bucks delay in the project
Student's Union. This (Burtonshaw-Gunn, 2017).
can reduce the overall The project manager
benefits of the project needs to ensure that the
and reduce the chances milestones are timely
of success. met and the cost is
controlled.
Table 5: Risk register
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Conclusion
From the above project management plan, it can be understood that managing a project and
delivering all the outcomes requires detailed planning and addressing all the issues in a
holistic manner. The time aspect in the music festival project has been optimised with the
help of the network diagram and scheduling the activities. The project manager needs to
follow and control the project outcomes and the critical tasks within the project to ensure
timely delivery of the project. The key stakeholders within the project have been analysed
and this will enable the managers to properly communicate and engage the stakeholders
within the project to deliver all the outcomes within the project. This will highly increase the
chances of success within the project and ensure that all the milestones in the project are
time.ly reached. The use of the Work Breakdown structure can enhance the efficiency within
the project and help the managers to easily allocate work and resources to every task and
employee within the project. Finally, it can be stated that the evaluation of the safety aspect
of the project can highly enhance the reliability of the project and the implementation of the
mitigation strategies can lead to successful completion of the music festival by the Bucks
Students' Union.
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Reference List
Andrei, B.A., Casu-Pop, A.C., Gheorghe, S.C. and Boiangiu, C.A., (2019). A study on using
a waterfall and agile methods in software project management. Journal Of Information
Systems & Operations Management, pp.125-135.
Arya, S. and Chawla, C., (2020). Project Evaluation using Critical Path Method & Project
Evaluation Review.
Camilleri, M.A., (2018). The SMEs’ technology acceptance of digital media for stakeholder
engagement. Journal of Small Business and Enterprise Development.
Jovanovic, P. and Beric, I., (2018). Analysis of the available project management
methodologies. Management: Journal of Sustainable Business and Management Solutions in
Emerging Economies, 23(3), pp.1-13.
Kalbaska, N., Janowski, T., Estevez, E. and Cantoni, L., (2017). When digital government
matters for tourism: a stakeholder analysis. Information Technology & Tourism, 17(3),
pp.315-333.
Müller, R., Drouin, N. and Sankaran, S., (2019). Modelling organizational project
management. Project Management Journal, 50(4), pp.499-513.
Thesing, T., Feldmann, C. and Burchardt, M., (2021). Agile versus Waterfall Project
Management: Decision Model for Selecting the Appropriate Approach to a Project. Procedia
Computer Science, 181, pp.746-756.
Willumsen, P., Oehmen, J., Stingl, V. and Geraldi, J., (2019). Value creation through project
risk management. International Journal of Project Management, 37(5), pp.731-749.
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