Project Strategies and Evaluation Methods †Free Samples to Students

Question: Discuss about the Project Strategies and Evaluation Methods. Answer: Introduction: An Australian Construction Company PHL is planning to implement a project which will help in providing online customer support to the customers attached with the company. Company believes in investing in multi tiered approach which could help it in attracting and capturing interest of the customers and obtaining effective amount of market share. Such type of activities helps the companies like PHL in attaining competitive advantage and helps in ensuring that it could sustain in the competitive market in which it is working. The project of PHL is to redesign a Website which can help in ensuring that the company could avail 24X7 customer support and all the queries of its customers could get resolved. Hence, the report is developed in which the guidelines of how PHL can manage the project will be provided. This project is developed to evaluate various factors which will be included in the actual project. Such type of activity helps the project management team in executing the project in a right way. All the aspects which are related with the project of PHL are taken into consideration so that the website could be developed in a proper as well as effective way. This project will help PHL in developing its website and attracting more people towards the same. As PHL is working to design a website which will provide online support system to its customer, it has become important that it should focus upon certain set of aspects which could help the company in providing better services and support (Lai, 2014). Every project requires proper planning before moving to the next level. To ensure that the project could be successfully formulated a milestone for the project will be developed. Milestone of the project will help in gaining the information that how much time is required to complete each activity and which activity should be started at what time. Such type of activities helps in ensuring that the project on which the company is willing to work should get completed within the deadlines set by the project management team. Each and every task should be performed within the stated deadline (Marvaldi Pani, 2016). Pricing will also be focused upon in this project which will help in ensuring that the website could get completed within the budget prepared. After evaluating the pricing of the project and developing the budget process, project closure will be developed and checklist will be prepared. This checklist will help in ensuring that all the requirements of project are fulfilled in an effective way (Yung Tang Lin, 2015). Schedule/Milestone is an important part of every project. It is necessary for a project management team to provide a milestone for each and every task of the project. Such type of activity helps the team member in evaluating the time they have to invest in completion of that particular task (Rozenes Kukliansky, 2013). Estimating the time that is required to be invested in each and every activity will help in completing the project with quality and will help in ensuring that the project could get completed within the deadlines and budget decided by the company. Task Start Date Finish Date Release statement of work 4 Sept 2017 4 Sept 2017 Contractor selection review process 10 Sept 2017 25 Sept 2017 Project Initiation 26 Sept 2017 2 Oct 2017 Project Planning 3 Oct 2017 3 Oct 2017 Developing Project Charter 4 Oct 2017 5 Oct 2017 Organize Kick off Meetings 6 Oct 2017 6 Oct 2017 Evaluating Project Requirements 7 Oct 2017 20 Oct 2017 Gathering Information 7 Oct 2017 10 Oct 2017 Documentation 10 Oct 2017 15 Oct 2017 Recording Risk Factors 15 Oct 2017 20 Oct 2017 Estimating Cost/ Budgeting 16 Oct 2017 20 Oct 2017 Reviewing Technicalities 21 Oct 2017 15 Nov 2017 Documenting Technicalities 21 Oct 2017 26 Oct 2017 Dividing Tasks 27 Oct 2017 30 Oct 2017 Scheduling 30 Oct 2017 3 Nov 2017 Web Designing Plan 3 Nov 2017 8 Nov 2017 Understanding Modules 8 Nov 2017 13 Nov 2017 Purchasing Required software 13 Nov 2017 15 Nov 2017 Web Designing 16 Nov 2017 30 Nov 2017 Module Preparation 16 Nov 2017 20 Nov 2017 Testing 20 Nov 2017 25 Nov 2017 Removing Bugs 25 Nov 2017 30 Nov 2017 Project Implementation 30 Nov 2017 4 Dec 2017 Project Closure Planning 4 Dec 2017 11 Dec 2017 Training PHL Personnel 11 Dec 2017 11 Dec 2017 Reviewing Completed Project 11 Dec 2017 19 Dec 2017 Cross Checking project Requirements by Checklist 11 Dec 2017 15 Dec 2017 Filling Gaps 15 Dec 2017 19 Dec 2017 Closing Project 24 Dec 2017 24 Dec 2017 Above is the project plan which helps in understanding that why it is necessary to develop a milestone for a project. The milestone developed will help in ensuring that the project should get completed within the budget and the deadline decided so as to complete the same. In this section budget will be developed which will help the project management team in estimating the expenses which will incur in the project. This will help in reducing unnecessary expenses and completing the project within the budget. Project Phase Price ($) Cost Structure Planning phase 25,000 Fixed Fee Definition and Design 150,000 Fixed Fee Implementation 50,000 Fixed Fee Conversion 25,000 Fixed Fee Total Estimated Budget 200,000 Fixed. It is necessary that the project should get completed within the budget provided by PHL to the contractor as company will not bear any other expense other than the budget prepared (John, 2016). The Chief Marketing Officer (CMO) of PHL, Sennveasna Naveen has developed certain acceptance criteria which are necessary to be accepted by the contractor. For the project it is very important that both the party project provider and contractor should make the acceptance on the term and conditions of the project (Rozenes Kukliansky, 2013). This will help in initiating the project and completing the same in an effective and efficient way. The acceptance criteria were: Project should get completed within the planned date and time Initiation of each and every task should be done on the date decided by the company Division of work should be done equally among the team members No extra money will be provided; project should be completed within the budget decided by the company (Wells, 2012) The website should have a logo of the company PHL These were some of the acceptance criteria set by Chief Marketing Officer PHL. References Gunawan, I. (2015). Analysis of education and practical relevance of project management topics in New Zealand.International Journal Of Project Organisation And Management,Vol. 7(2), pp. 174 John, P. (2016). Critical Evaluation of Prince2 and Agile Project Management Methodologies for a complex project.International Journal Of Engineering And Computer Science, Vol. 2(1), pp.182-189. Lai, S. (2014). A WBS-Based Plan Changeability Measurement Model for Reducing Software Project Change Risk.Lecture Notes On Software Engineering, pp. 94-99. Marvaldi, R., Pani, E. (2016). Project Strategies and Evaluation Methods for Contemporary Social Housing.The Plan Journal, Vol.1(1), Pp. 129-130. Rozenes, S. and Kukliansky, I. (2013). An Embedded Approach for Project Management Learning Process.International Journal of Information Technology Project Management, Vol. 4(3), pp.38-49. Sato, T., Hirao, M. (2013). Optimum budget allocation method for projects with critical risks.International Journal Of Project Management,Vol. 31(1), pp. 126-135. Wells, H. (2012). How Effective Are Project Management Methodologies? An Explorative Evaluation of Their Benefits in Practice.Project Management Journal, Vol. 43(6), pp.43-58. Yung, C., Tang Lin, Y. (2015). Implementing TOAST, a Tool for Agile Software Project Management in Cloud Computing Environments.Journal Of Software,Vol. 10(11), pp. 1310-1318.