Scenario

Assume you are working in a Business Project Consultancy firm as one a Project Manager. One of your organisation's customers, who are a leading restaurant chain in the country, wants to get your firm's service on their upcoming project. Main problem is your customer able to allocate finance for only one project from two options.

Option 01: Building up a restaurant next to the beach in mirissa, where there is an ability to have parties as well. Mainly focusing on foreigners who like beaches and the activities like whale watching, scuba diving.

Option 02: Building up a restaurant next to sigiriya, along with some activities that would build heritage value among visitors. Within the restaurant needs to provide ability for Ayurveda spa facility for foreigners and locals as well.

When it comes to cost benefit forecast. Each project is having following figures.

Year Project 01 Project 02

Year 0 $. -250,000.00 $. -325,000.00

Year 01 $. 125,000.00 $. 150,000.00

Year 02 $. 180,000.00 $. 220,000.00

Year 03 $. 175,000.00 $. 180,000.00

Year 04 $. 190,000.00 $. 198,000.00

*Please note that discounted rate goes as 8%.

As the project manager, you have the ability to decide, what are the material requirements and human resources requirements for any project.

Assignment Task

Task 01: Investigate Project Management Principles

T1.1 Describe the background and principles of Project Management.

T1.2 Evaluate Project Management systems that available and provide a comparison about those systems

T1.3 Explain the key elements involved in terminating projects and conducting post-project appraisals.

T1.4 Examine on leadership style and qualities that a Project Manager should have in order to successfully manage Projects.

Task 2: Selecting a Proper Project and allocate human resource effectively [LO02]

T2.1 Conduct financial evaluation on above two projects and select what would be the best project that gives the highest yield. T2.2 Identify the most suitable organisation structure for the selected project and ''prepare a'' document, which includes roles and responsibilities of those members. T2.3 Evaluate on how the selected structure supports in effectively manage the selected project T2.4 Identify human resource requirement for the selected project T2.5 Identify material / service requirement for the selected project

Task 3: Examine Project Processes and Procedures [LO03]

T3.1 Prepare a task sheet for the selected project T3.2 Prepare Gantt chart and Network diagrams using Project Management software tool T3.3 Using Project Management Software tool, develop resource sheet and allocate resources

T3.4 Based on the resource sheet prepare, budget and Project Cash flow statement T3.5 Produce Milestone graph to monitor the project performance T3.6 Prepare a contingency plan for the selected project T3.7 Evaluate on project change control procedures that could implement for a selected kind of a project.