Project Management Planning and Learning

Question: Discuss about the Project Management Planning and Learning. Answer: Project Management Financing of project. Financing of a project is an agreement where repayment is done after the completion of the project for the property which is borrowed against loan at better rates. Project and contract management. Projects are decided by the upper level management and most of the projects need clarification. For starting the project budget is calculated and resources are identified what is needed. It is divided in various steps. The most important clarification is where the benefits are identified for doing the projects. For setting up new project it needs capital for investment. Training is carried out for new employees who are been hired for the project and the importance of understanding the companys production cycle (Kerzner, 2013). Contract management is the agreement between the contractor and the buyer to work together and meet the basic necessities of the contract. It measures the quality, quantity, performance, communication and monitoring. Main focus is on the products timely performance, better features and quality standard. It also includes adherence of timelines whether the contract has been completed in stipulated time or not. Identify the project conditions, project team and project process. The most important condition of the project is that it is needed to be approved by the authorized personnel. Basic requirement is quality of the project i.e how many rooms will be needed for the asset to start a project. The important thing is that all parties who are involved in the project must have better communication preferably with the end user who will declare the project result. Project team is decided according to the project size who is assigned to different groups or functions and allocation of various activities are done. The main aim of project team is to deliver the product according to the plan. Regular updates are given to the upper management. Project process is divided into various steps into smaller components. The first is initial phase of the project where planning is done of the project, what is the scope of the project, why the project is to be done, what will be the result Second is the phase which defines the project that identification is done that the expectations made will be achieved or not. Third stage is the design phase where the flowcharts designs and sketches are made. In this stage once the design is chosen it cannot be changed later. Fourth is development phase where suppliers and contractors come in contact materials are ordered. Instructions are given by the supervisors. Everything is arranged accordingly. Fifth one is implementation phase. This is a phase where the actual project starts (Schwalbe, 2015). Expected estimate to the tender for project labor, plant, material, and sub-contractors. Tender is the offer made on the project depending on that the project is prepared. Money, time and other conditions are required by the tender to complete the work. Project labour is hired on an agreement which includes his wages and other benefits which is to be paid on a project. Over time payment on the basis of working condition are paid to the labors. They need to ensure that the project is completed on time. Training programs for women are arranged to create awareness (Burke, 2013). Accordingly based upon the estimate plant and materials are purchased. Changes are done according to the requirement. Materials purchased would be of good quality according to the estimated budget. Talking about the sub-contractors they use mixture of various techniques according to the estimates given. If a small estimate is done by using paper and pencil than most contractors use software techniques which makes the task simple. But the process is equivalent because both are adding up to the cost. Project Changes Project changes requirements will be done whenever only on the client request. These changes will be done taking into consideration client requirement. Hence accordingly the changes will be applicable. Changes will be done only on the module which has been requested by the client and not on the complete project. These changes will be reviewed in front of the client and implementation on the project will be done once the changes are being approved. Changes will be done only on certain recommendations of the project and charges on the same will be applied on the client (Walker, 2015). Quality assurance and quality control Quality assurance for the project will be taken care by automated systems. Quality assurance will be taken care at every step of the production. The management and workers will be trained according to the quality assurance guidance which are set by the company. There will be a quality check of raw materials before it enters the warehouse as well as quality check when it is ready for delivery. Document management, reporting and governance Software system will be designed basis on the requirement of the management. Resources will be allocated for the data collection system which will be stored in the software by the assigned representative. Data collection will be basically two types viz. primary data and secondary data. Primary data will be the once which will be collected directly by the field employee whereas secondary data collection will be done by the research team in the company itself (Verzuh, 2015). All documentation will be done by taking the governance policies into consideration. Provide your requirements for disputes, arbitration and mediation There will be a separate team which will address all the disputes, arbitration and mediation. The disputes will be handles by skilled resources who have the complete knowledge about the company policies, rules and regulations. This team will also be the mediator between the company and its clients. The agreement formalities as well as all the dealing will be done by this team. This team will have skilled resources who are already aware about what actions should be taken for particular dispute. Safety Requirements Safety policies will be designed by the organisation. proper training will be done for all the employees and co workers of the organisation so that they don not miss with any policy. Safety sign boards will be displayed wherever required. Safety harnesses will be provided to the workers working on high risk area. Proper medical aid will be given as and when required. Facility of emergency service will also be available for the employees. References: Kerzner, H. R. (2013).Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Burke, R. (2013). Project management: planning and control techniques.New Jersey, USA Schwalbe, K. (2015).Information technology project management. Cengage Learning. Fitzsimmons, J., Fitzsimmons, M. (2013).Service management: Operations, strategy, information technology. McGraw-Hill Higher Education. Walker, A. (2015).Project management in construction. John Wiley Sons. Verzuh, E. (2015).The fast forward MBA in project management. John Wiley Sons