Assignment Cover Page HRM&OD Department Programme Name Diploma in Human Resource Management Tick BA Human Resource Management Tick Module Name: Project Management Year of Study (e.g. Year 1 Sem1) Year 2 Semester 1 Student Number 202220181 Student Surname Nkambule Student Name Takhona Lecturer’s Name Siphiwosami Simelane Due Date May 2023 IMPORTANT: This statement must be read & signed: To the best of my knowledge, except where otherwise documented, the material submitted here for assessment is all my own original work and has not been submitted previously, either in whole or part, for assessment in any other course, at IDM or at any other institution. I have also retained a copy of this assignment. SIGNED:………………………… 1|Page TABLE CONTENTS QUESTION 1............................................................................................................................. 3 QUESTION 2............................................................................................................................. 5 QUESTION 3............................................................................................................................. 8 QUESTION 4........................................................................................................................... 11 QUESTION 5........................................................................................................................... 13 REFERENCES ........................................................................................................................ 16 2|Page QUESTION 1 Project management is the use of specific knowledge, skills, tools and techniques to deliver something of value to people. There are three key concepts that base projected management and they are; Scope management, Cost manage and Time management. Scope management Project scope management is a process that helps in determining and documenting the list of all the project goals, tasks, deliverables, deadlines and budgets as part of the planning process (Dumont, Gibson & Fish 2016). Elements include: Conceptual development According to Walker (2015) conceptual development is the process of choosing or documenting the best approach to achieving the project objectives. For example, succession planning. “The project scope statement tries to reduce uncertainty by defining the scope and ensuring all key stakeholders are on board and have a clear understanding of the project” says (Walker 2015) Scope statement Scope statement provides a detailed description of the work that must be done to deliver the output of a project on time and within the allocated budget. The scope statement should include a list of everything needed to create the framework for the project including: project goals, deliverables, features. Project scope statement characteristics. It should: - Define the boundaries of the project. - Define the business need and the expected outcome of the project. - Identify contains that limit a project team’s opinions for developing a solution. Scope reporting Scope reporting is a process of periodically documenting the status of basic project parameters during the course of a project. Work authorization The process entails examining project scope definition, planning documents and subsequent contract document in light of project objectives and assuring that they are mutually supportive prior to authorizing the commencement of work. Work authorization is used by the project manager and his or her designees in order to approve all project work throughout the course of the current project management venture. Time management This is the coordination of tasks and activities to maximize the effectiveness of an individual’s efforts. Essentially, the purpose of time management is to enable people to get more and better work done in less time. Hazar (2014) mentions that the elements of time management include organization, planning and scheduling to best take advantage of the time available. Time 3|Page management techniques also take into account an individual’s particular situation and their relevant capabilities and characteristics. The main elements of time management in project management include: Planning: this involves defining the project goals, objectives, scope, timeline, and deadlines. This includes breaking the project down into smaller actionable steps that can be easily tracked and measured. Prioritizing: prioritizing helps to determine which tasks are most important and which can wait. This helps ensuring that the most important tasks are completed first, and the less important ones are completed later. Scheduling: scheduling helps to define when each task will be completed and how long it will take. It provides a clear timeline for each task and helps to ensure that the project is completed within the timeline. Delegation: delegation involves assigning tasks to team members based on their skills and expertise. This helps to optimize resources and ensure that tasks are completed efficiently and effectively. Monitoring: this involves the tracking of progress and tweaking plans as necessary to ensure that tasks are completed on time. This involves regular check-ins, progress reports, and communication with team members. Managing interruptions: interruptions are a natural part of any project, but they can be minimized by identifying potential distractions in advance and finding ways to manage them. Cost management According to Smith (2014) cost management is a function which includes the processes that are required to maintain effective financial control of projects. Cost management is crucial because it helps monitor and control spending during a project’s lifecycle. Analyze cost trends to determine whether current spending is sustainable. Cost management helps identify ways to reduce cost by comparing estimated costs with actual costs An example of cost management can be; a budget for training and development. This includes a detailed plan that on how money will be spent. According to Spencer (2022) cost management can be divided into three: Direct costs can be directly tied to the work being done on project- related tasks. They may include material costs, time spent by employees on the project, travel expenses for fieldwork, subcontractors’ cost, etc. Indirect costs are general business costs such as rent, utilities, and equipment crucial in keeping the project operational. It also includes salaries for non-project employees, and insurance. Contingency costs are extra funds reserved for unforeseen events that have low probability but high impact if they occur. Reserve analysis can help estimate the need for a project. 4|Page QUESTION 2 THE WORKBREAKDOWN STRUCTURE A work breakdown structure (WBS) is a visual, hierarchical and deliverable-oriented deconstruction of a project. It is a helpful diagram for project managers because it allows them to break down their project scope and visualize all the tasks required to complete their projects. Globerson (2018) assets that a WBS is an essential tool for a project manager as it provides a comprehensive and structured way to plan, schedule, estimate costs and allocate resources. It can be described as follows; Initiation is the first step in starting a new project. Project charter provides a preliminary delineation of roles and responsibilities, outlines the project objectives, identifies the main stakeholders, and defines the authority of the project manager. For example in recruitment and selection the project sponsor , for instance if the need was identified in the Finance department would submit a project charter to HR in the initiation stage. Planning sets out the project scope.it establishes what tasks need to get done and who will do them. Execution is when the deliverables are created. It allows teams to ensure that risks can be mitigated against and that smaller tasks roll up into milestones that meet with the larger goals of the project. 5|Page Execution is the phase where the project is put into action. For example still in recruitment and selection a candidate is being put onboard. HOW CAN A WORKBREAKDOWN STRUCTURE SUPPORT ACTIVTIES OF A PROJECT MANAGER According to Haugan (2001). A thoroughly prepared work break down structure can me a project successfully and help manager implement, monitor and evaluate the process by: 1. The first benefit of using WBS Project Management is that it helps prevent work from slipping through the cracks. Since WBS Project Management shows the project deliverables and work that needs to be completed in a project, it actually guides the project team on what needs to be done in an organized manner. 2. Another benefit of using WBS Project Management is that it provides the project team members an understanding of where their pieces fit into the overall project management plan and it gives them an indication of the impact of their work on the project as a whole. 3. WBS Project Management facilitates communication and cooperation between and among the project team and other stakeholders. WBS Project Management shows the hierarchy of the project work and deliverables of project scope, completed work, remaining work, and project team members working on the same work package, etc. 4. Using WBS Project Management helps prevent changes. Changes are inevitable in a project. But, preventive and corrective actions must be taken to prevent the root cause of changes in a project. Changes might happen because of unclear project scope or missing requirements in a project as well. WBS Project Management shows the breakdown of the project scope, work that needs to be performed, and also deliverables as granular as much in a project. Therefore, WBS Project Management helps prevent changes since it helps to clear the project scope for all project stakeholders. 5. WBS Project Management provides a basis for estimating staff, cost, and time. This is a very important benefit of using WBS Project Management. It is always hard to make estimations about staff requirements, cost and time for a big amount of work. There will be a higher possibility of deviations in actual results if estimations are done over bigger work packages. But if all work is divided into smaller parts, it will be easier to do an estimation. 6. WBS Project Management is the foundation of the project. Almost everything that occurs in the planning process after the creation of WBS, is directly related to WBS Project Management. This is a crucial benefit of WBS. Since WBS Project Management shows the snapshot of project work and deliverables to complete the project scope, it is actually the foundation of planning. Cost estimation, time estimation, resource estimations, schedule planning, etc. are all done with the help of WBS Project Management. Therefore, WBS plays a vital role in project planning. 6|Page Project costs are estimated at the work package level. Since WBS Project Management shows smaller pieces of project work and deliverables, project cost estimation can be done at the work package level. Then, the cost of each work package level is summed up towards the 1st level of WBS Project Management to estimate the overall project budget. Risks are identified by the work package. Therefore, during risk planning, risks that are associated with each item in the WBS Project Management are outlined and all project risks are identified with the help of WBS. Work packages are assigned to individuals or parts of the organization. Since WBS Project Management breaks down each work or deliverable into smaller pieces, it makes management, execution, coordination, and monitoring easier. Generally, each work package is small enough to assign to a project team member, or part of the organization, for instance, assignment to the training department, test team, etc. 7|Page QUESTION 3 1st option available for collecting estimate for labour time. Request for Proposal According to Walker (2015) a request for proposal (RFP) is a business document that announces a project, describes it, and solicits bids from qualified contractors to complete it. It is a document, prepared by the sponsor/customer, which defines the project requirements and is used to solicit a proposal from potential contractors to do the project. A proposal is a document that includes a proposed approach, schedule and budget for meeting the project requirements and accomplishing the project scope (Gido & Clement, 2015) Steps on how to write a request for proposal according to Cabrera (2017) I. II. III. IV. V. Define project, scope and budget Before issuing the RFP, take time to define the project you are looking to complete, its scope, and how much can the organization afford to spend. For example, training and development is a project. The scope will include detailed sets of deliverables or features of training and development. This information provides the framework of the RFP and helps ensure that it strikes a balance between too general and overly detailed. Provide background and introductory information With the budget and scope in hand, the organization can start drafting the RFP. Provide some background and introductory data about the organization. This helps set the stage of potential customers by giving them a sense of your current market, business goals, and current challenges. Describe the services you’re looking for Detail the selection criteria and timelines Highlight what skills, services, and market expertise are required for consideration. This is the time to be specific. Clear description of selection criteria will help reduce the risk of sorting through multiple RFPs that do not meet your needs. Be upfront with the timelines. Give the potential customers a date for RFP submission, a date for final selection, and a clear start to finish project timeline so companies making a proposal can fine tune their bid. Proofread the RFP and go live Small mistakes can derail project timelines. It is important to double check the RFP before submission. 8|Page 2nd option available for collecting estimate for labour time. Tools to Estimate Activity Duration John (2022) says while preparing a project schedule it is critical to define the duration of each activity. Because overall project duration is associated with the duration of activities in the network system. If the durations of activities are not properly estimated, the project completion date will be wrong and the critical path will not be realistic. So there are six essential techniques widely used by schedulers and planning engineers to estimate activity duration and crate the network system. These techniques are; 1. Expert Judgment 2. Analogous Estimating 3. Parametric Estimating 4. Three-Point Estimates 5. Reserve analysis 6. Group Decision Making Techniques Each estimation tool has its own characteristics. For example, parametric estimation necessitates a statistical correlation and subsequent calculation. Three-point estimates rely on three different estimates and a mathematical formula. On the other hand, expert judgment and analogous estimating are performed without using mathematical calculations. No matter which estimation technique you use, it is essential to create the document called ‘basis of estimates’ to set out the assumptions and constraints and estimate ranges while making estimations. Now we are going to look deep in two tools of estimation and explore its advantages and disadvantages; 1. Expert Judgment Expert judgment means using experts who have knowledge of the related field and experience in estimating activity duration. It's an estimation methodology for project planning that relies on the expert's opinion to estimate quantitative project details, such as timelines and potential resources. Expert Judgment can be provided by a member or multiple members of the project management team. The expert who is the most familiar with the type of work often provides more accurate estimates. The accuracy of expert judgment depends on the knowledge and experience of the estimator. The characteristics of the project are also an important factor that affects the accuracy of the estimates. For example in recruitment and selection, the HR department may decide to hire and expert judgment, if the company want to hire a lot of people so that everything is done clearly and accurately. 2. Analogous Estimating Accordign to Port-Roth (2002) assets that analogous estimating analyzes a similar project completed in the past and makes a rough estimation for the current project by the use of this 9|Page past project’s data. For instance, let’s say you have to estimate the duration of a Training of employee project with the help of analogous estimating. In case you will use your previous training project’s data such as task durations, milestones, and their relationships to determine the new project’s activity durations. Although this method enables to make duration calculations easily and quickly, estimations are not accurate enough. Analogous estimation provides an entire duration estimation. You can perform this estimation when you have a limited time to make a proper estimation. Advantages and disadvantages of using estimation tools Estimation tool Expert Judgment Analogous Estimating 10 | P a g e Advantages - Most accurate - Allows more consideration for risk, judgment and uncertainty - Process iterates until some census reached to produce accurate result though that is time consuming. - Least time consuming estimating technique - Can be used along with other estimating methods Disadvantages - Costly (hiring from outside may increase the cost , for paying the expert) - Very subjective - Experts may introduce bias - Qualification of experts may be questioned - Least accurate QUESTION 4 First of all, what is a success and what is a failure when it comes to a project? Project success can be defined as an achievement of what was outlined and planned at the very start of the project. If the purpose is accomplished and the goals are met, the project can be called successful. On the other hand, anything short of success is a failure. That means, if the project does not deliver the desired goal if it does not succeed to perform the expected action, it is a failure. Among the failed projects are not only those that never see their completion but also those that are delivered too late, their cost exceeds the budget and the quality of their outcome product or service is below the expected standard. One of the great ways to a project manager can avoid the pitfalls (which include Lack of structure, Poor definition of scope, Lack of management support and Lack of control) is to employ the rule including four steps: plan, lead, communicate, manage. 1. Plan Planning is the most important part of managing a project! Planning includes identifying the stakeholders, analysing project risk, developing the project plan, defining requirements and establishing communication with the team members. Good planning will save the project from problems with poor scope definition, lack of structure and unrealistic milestones. 2. Lead A project manager is a leader and the quality of the leadership will reflect in the success of the project. As a project manager, be proactive in setting clear expectations for the team and establishing well-defined directions for their work. Do not be afraid to ask for assistance when needed and connect to the management for further support. At the same time, do not forget the importance of regular control and step in when the project takes on the wrong direction. 3. Communicate Communication is not an easy step, yet its good execution pays off. Communication includes sharing objectives and recognizing different perspectives. A good communicator is not afraid to face different opinions or address assumptions. Only by communication the goals and expectations are clearly defined. Part of the art of communication is to allow for feedback and criticism that lead to improvement of work, environment and relationships. 4. Manage Good managing means leading by example, setting the expectations and requirements and remaining at the scene at all times. A project manager is a teacher and mentor, so part of good management involves taking time to train the team and offer consultation along the way. Project management is a balancing act, since constraints will always exist and will differ with every project. By learning effective strategies to manage project constraints you can increase your project performance. Methodologies, such as Agile, Waterfall or Hybrid practices, 11 | P a g e encourage a flexible approach alongside collaboration, which aid management of project constraints. These are our top five project constraint management techniques: Understand your projects possible constraints and plan around them. This might mean building buffers into your schedule to provide contingency. This allows for successful management of any constraints. Create a project plan that strategically avoids the main constraints highlighted within your project plan. Maintain focus within the project. Adopting a ‘task completion’ approach, reducing the number of tasks assigned to each team member and limiting multitasking will allow focus to be achieved. Monitor progress and maintain quality. Transparency through communication is key. Achieve project objectives through open communication with team members, stakeholders, and by setting priorities. Every project will require a different level of project management to manage any constraints of a project. For instance, as small internal project within one department may require a lowkey level of project management, whereas a large-scale project that requires a business case, holds stakeholders' interests and is forecasted to provide huge financial gain, will require intensive project management. A knowledgeable and experienced project manager is essential for the successful implementation of the different project management phases: Initiation Planning Execution Monitoring and Controlling Closing Conclusion However, even by planning ahead, managing project management constraints, as well as constraints of a project, is not always successful. Sometimes seeing the constraints in real time through project management tools is the best form of management. Utilizing tools within a project management system can help keep track of your project’s life cycle at every stage. All in all, it is essential for project managers to know how to overcome project failure by adopting both leadership and proper management. Proper techniques of project management will surely result in project success. 12 | P a g e QUESTION 5 What is the project management lifecycle? The project management lifecycle is a step-by-step framework of best practices used to shepherd a project from its beginning to its end. It provides project managers a structured way to create, execute, and finish a project. This project management process generally includes four phases: initiating, planning, executing, and closing. Some may also include a fifth “monitoring and controlling” phase between the executing and closing stages. By following each step, a project team increases the chance of achieving its goals. The project management lifecycle provides projects with structure and tools to ensure they have the best chance of being successful. As a project manager, it’s a process you’ll want to know well. The Project Management Lifecycle: 4 Steps 1. Initiating In the initiation phase, you’ll define the project. You’ll sort out the project goals, scope, and resources of the project, and what roles are needed on the team. Clarifying what stakeholders expect out of the project, and what exactly the project is aiming to achieve (and why) will give the project and team clear direction. This is a crucial phase to the project’s success. Without clarity around what needs to be achieved and why, the project runs the risk of not accomplishing the end goals and meeting the expectations of stakeholders. Some steps in the initiation phase include: - Communicating with stakeholders to understand the purpose and desired outcomes of the project Identifying project scope Determining SMART goals (specific, measurable, achievable, relevant, and timebound) Clarifying resources like budget and time constraints Confirming team size and roles required Determining how often and which stakeholders will be involved throughout the project Compiling a project proposal and project charter Tools and documents used in the initiation phase can include: Project proposal: The project proposal defines a project and outlines key dates, requirements, and goals. Project charter: This is a definitive document that describes the project and main details necessary to reach its goals. This can include potential risks, benefits, constraints, and key stakeholders. 13 | P a g e 2. PLANNING In the planning phase, you’ll determine the steps to actually achieve the project goals—the “how” of completing a project. You’ll establish budgets, timelines, and milestones, and source materials and necessary documents. This step also involves calculating and predicting risk, putting change processes into place, and outlining communication protocols. If the initiation phase is assembling your troops, the planning phase is deciding what to do with them. The planning phase can include the following steps: - Developing a schedule for tasks and milestones, including time estimates and potential time buffers Establishing change processes Determining how and how often to communicate with team members and stakeholders Creating and signing documents such as non-disclosure agreements (NDAs) or requests for proposal (RFPs) Assessing and managing risk by creating a risk register Holding a kick-off meeting to start project Tools you might use in at this phase include: Gantt chart: A horizontal bar chart in which members can see what tasks must be completed in what order, and how long each is expected to take Risk register: A chart that lists risks associated with the project, along with their probability, potential impact, risk level, and mitigation plans 3. EXECUTE AND COMPLETE TASKS Executing a project means putting your plan into action and keeping the team on track. Generally this means tracking and measuring progress, managing quality, mitigating risk, managing the budget, and using data to inform your decisions. Specific steps might include: Using tools like GANTT or burndown charts to track progress on tasks Responding to risks when they manifest Recording costs Keeping team members motivated and on task Keeping stakeholders informed of progress Incorporating changes via change requests Some tools you might use include: Change requests: These are documents used to propose changes to a project’s scope or goals 14 | P a g e Burndown chart: This chart breaks down tasks on a granular level and visualizes the amount of time remaining. 4. CLOSE PROJECTS In the closing phase of the project management lifecycle, you’ll conclude project activities, turn the finished product or service over to its new owners, and assess the things that went well and didn’t go so well. It’ll also be a time to celebrate your hard work. Steps in the closing phase can include: Conducting retrospectives and take notes of changes you can implement in the future Communicating to stakeholders of the end of the project and providing an impact report Communicating with the new owners of a project Creating a project closeout report Celebrating the end of the project and your successes Tools used in the closing phase include: Impact report: This report compiles a series of metrics that showcase how your project made a difference and is presented to your stakeholders. Project closeout report: A project closeout report provides a summary of your project’s accomplishments, and provides key learnings for future project managers to reference. https://www.projectmanagement.ie/blog/successful-project-manager-vi-how-to-avoid failures/#:~:text=Planning%20includes%20identifying%20the%20stakeholders,of%2 0structure%20and%20unrealistic%20milestones. 15 | P a g e REFERENCES Cabrera, E. F. (2017). A Guide or the project management body of knowledge. Chicago. Dumont, P.R., Gibson Jr, G.E. and Fish, J.R., 1997. Scope management using project definition rating index. Journal of Management in Engineering, 13(5), pp.54-60. Hazar, H.H., 2014. Time management tools and techniques for project management. Socioeconomic research bulletin, (4), pp.57-62. Hannah, H. (2015). Project management quarterly. 13-16. John Martin. (2022). Project scope management. In Project Management (p. 227). Bingley, UK: Emerald Group Publishing. Porter-Roth, B. (2002). A Guide for effective RFP proposal. Chicago: Addison Wesley. Smith, P., 2014. Project cost management–Global issues and challenges. Procedia-Social and Behavioral Sciences, 119, pp.485-494. Haugan, G.T., 2001. Effective work breakdown structures. Berrett-Koehler Publishers. Walker, A., 2015. Project management in construction. John Wiley & Sons. Globerson, S. (2018). Impact of various work-breakdown structures on project conceptualization. International Journal of Project Management, 12(3), 165-171. https://www.projectcubicle.com/estimate-activityduration/#:~:text=In%20this%20article%20we%20will,Techniques%20to%20estimat e%20activity%20duration https://www.projectmanagement.ie/blog/successful-project-manager-vi-how-to-avoidfailures/#:~:text=Planning%20includes%20identifying%20the%20stakeholders,of%2 0structure%20and%20unrealistic%20milestones. 16 | P a g e