Answer To: scenario of assessment 1 -You work for a housing builder who constructs homes for clients. You have...
Nerdexpert answered on Feb 13 2021
Leading Lean Projects
Leading Lean Projects
Leading Lean Projects
Assessment 2
2/13/2020
Table of Contents
Introduction 3
Effective Project Review & Reporting Mechanism 3
Earned Value Analysis (EVA) 3
Project Reports 4
Application of 7 QC Tools 4
Cause & Effect Diagram 4
Check sheet 5
Control Charts 6
Histogram 7
Pareto Chart 8
Scatter Diagram 8
Stratification 9
Risk Management Plan 9
Risk Identification and Analysis 10
Risk Treatment 11
Risk Monitoring 15
Leadership Style for Project Management 19
Conclusion 20
References 21
Executive Summary
The report is written for the project that includes the construction of a house for the project client. The total timeframe for the project shall not be more than 12 months and the overall budget shall not be more than $500,000.
The report includes the details of the review and reporting mechanisms that shall be used in the project along with the quality control tools, risk management plan, and leadership style.
Introduction
The project includes the building of a house that is to be constructed as per the specifications and requirements illustrated by the client. The client has provided the timeframe and the budget for the project and it shall not be altered during the project execution. The total timeframe for the project shall not be more than 12 months and the overall budget shall not be more than $500,000. There are several activities that are a part of this project, such as ground planning, site selection, construction activities, estimations, control & monitoring along with the overall project closure.
The report includes the details of the review and reporting mechanisms that shall be used in the project along with the quality control tools, risk management plan, and leadership style.
Effective Project Review & Reporting Mechanism
The use of PMBoK methodology shall be done for the purpose of review and reporting in the project. There are several aspects of the house building project that need to be monitored. The two of the most significant aspects are schedule and costs that shall be reviewed all throughout (Angarita & Gallardo, 2018). The PMBoK methodology illustrates different techniques that can be used for the purpose of monitoring and review of schedule and costs in the project.
Earned Value Analysis (EVA)
The total schedule allotted to the project is 12 months and the total budget assigned is $500,000. The use of EVA technique as defined under the PMBoK methodology shall be done to determine the gaps and variances in the project schedule and costs from the estimated values.
The Planned Value (PV) of the house building project is the costs spent till a particular timeframe of the project. The Actual Costs (AC) shall be determined by calculating the costs spent on the project. Earned Value (EV) shall also be calculated which includes the value of the time taken to complete the work in the project till specific date. The calculation of the cost and schedule variances shall be done by formulae as EV-AC and EV-PV respectively (Urgiles, Claver, & Sebastian, 2019). The performance indexes as SPI and CPI for schedule and costs shall also be determined as EV/PV and EV/AC. These values for the house building project shall be greater than 1 or 1 to indicate the adherence towards the defined values or favourable conditions.
Project Reports
Reporting in the project will be necessary to keep all the project stakeholders involved and informed about the project. The house building project will go on for 12 months and there will be numerous activities that will be executed in this timeframe. The project client, vendors, management, team, and other stakeholders will get to know about the project updates, issues, action plans, and decisions through the reports shared during the project.
· Status Reports: All the members in the project team shall submit a daily project status report to the Project Manager describing the activities performed by them during the day and the contribution to the project. The Project Manager shall present a weekly status report to the internal and external stakeholders covering the details of project progress, issues, achievements, planned activities for the next week, and areas of improvement.
· Risk Report: A detailed risk report shall be prepared and circulated by the Project Manager to the project team and the stakeholders including the details of the project risks, issues, score, and residual risk score along with the status of each risk (Lamptey & Fayek, 2012).
· Change Report: The project board shall release the change report in front of the management and the client describing the changes from the original scope, status of the changes confirmed, impact analysis, and summary.
· Compliance Reports: Each of the department managers, such as Quality Manager, Construction Manager, etc. will submit a weekly compliance report specific to their area of expertise and the compliance status in the same area.
· WHS Report: The house building project is a construction project and the construction projects are exposed to different forms of health and safety issues. The WHS report shall include the details of the policies, issues of non-compliance, achievements, and successes.
Application of 7 QC Tools
Cause & Effect Diagram
It is necessary that the possible problems that may emerge in the house building project are known and the impact of these problems, if occurred is determined. There are several resources that will be involved in the house building project and there will be different sets of activities and stakeholders that will be involved as well. Each of these areas may experience certain problems and issues which may have a significant impact on the project activity, resource, stakeholder, or the overall project. The delays in the project and the overrun of the project costs are the two major issues that may emerge and need to be handled. The cause & effect diagrams for the project is plotted below to highlight these causes and effects.
Check sheet
The check sheet for the house building project is developed to determine the overall quality of the project. It includes the several project aspects.
Parameter
Yes
No
Schedule Variance is 1 or greater than 1
Cost Variance is 1 or greater than 1
WHS Compliance >99%
Net Promoter Score >4.5 on scale of 5
Client Satisfaction Rate >4.5 on scale of 5
Open risks with high risk score <1
Procurement contracts signed...