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Summary and Background of the Company: (Neel Patel - 301166680) R N Realties LLP is a well established medium size Construction Company which has its

Summary and Background of the Company: (Neel Patel - 301166680)

R N Realties LLP is a well established medium size Construction Company which has its base in Mumbai, India. The company has been in the field of construction for more than 35 years and is conducting business in 2 states of India namely, Maharashtra and Chhattisgarh. The company is into Building Construction Projects as well as Building Development Projects. The company undertakes a role of main contractor for small or medium size projects ranging from a valuation of 5 Crore Indian Rupees (8,50,000 CAD) to 70 Crore Indian Rupees (118,50,000 CAD). The company has successfully completed over 45 projects in the state of Maharashtra and has ongoing 7 projects in Maharashtra and 1 project in Chhattisgarh.

The company has achieved substantial growth in business the last 5 years. Today, the company is now undertaking 5-8 projects at any given point of time. It has a staff of 30 professionals and more than 150 non-professional employees.

The company undertakes the following types of projects in the construction industry:

  • Residential Construction
  • Commercial Construction i.e. offices and industrial units
  • Government Construction i.e. PWD Buildings
  • Sub-contracting
  • Supply of Labour and/or Material

Website Link for UMA Realties:https://umarealties.com/

Why this organisation was selected: (Neel Patel - 301166680)

  1. As mentioned in the summary, R N Realties LLP has been conducting business for the last 35 years but has seen the potential growth in their business since the last 5 years. This potential growth is in terms of a varied and size of project to which the company does not have the required management team to execute the projects in an effective manner.
  2. As the business is growing, the company is lacking the required number of Professionals required to manage the projects in hand and to acquire new projects. This lacking professional quotient has led to selection of projects which are not oriented towards the companies goals and core strategies which in turn leads to potential loss to the company both in terms of time and money.
  3. The company has been lacking templates, standard procedures and coordination in the different departments which is creating gaps for execution of activities in the projects. This also has been leading to excessive workload on the human resources.
  4. There is an absence of a finance department for regulating the cash flows which is leading to virtual financial laging in managing the project.

Based on the above mentioned potential problems, we believe that establishing a PMO would aid R N Realties LLP in improving their project delivery and project/portfolio selection process which will boost the existing growth of the company.

Justification for the need of a new PMO: (Neel Patel - 301166680 & Rahul Vig - 30124896)

  • As R N Realties LLP is developing and growing from a small firm to mid size firm a standard project management methodology is absen which a PMO would aid in creating.
  • R N Realties has been executing numerous projects in the past 5 years and management finds it challenging to manage multiple projects with the same team which would then be assisted by a PMO when created.
  • A PMO will help the company to make standard template of procedures, directives and techniques so that the project teams can apply them uniformly across all the projects in execution within the organisation.
  • A PMO will help R N Realties LLP in managing the resources in an efficient and effective manner which would promote smooth execution of projects.
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8:34 38 75% Proposed PMO Structure : (Anusha Valluru - Anu Valluru 301238973) The below is the proposed PMO where each and every step in project management is separated into a new department unlike the current org structure in which Site Engineers have to develop, plan and manage a team. The below PMO structure would provide effective management and stability to perform operations. Organization Top Management PMO Resource Selection & Planning Review and Execution Finance Management Analysis Team Team Department Department Human Design Quality Project Finance Resources Architecture Management Oversight Management Financial Site Site Accounting Planning Inspection Supervision

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