Answer To: PPMP20009 Leading Lean Projects XXXXXXXXXXTerm 2, 2019 Page 1 of 5 PPMP20009 Leading Lean Projects...
Amar answered on Sep 16 2021
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Running Header: Implementing Lean Project Management – Building of Dream Home
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Implementing Lean Project Management – Building of Dream Home
Implementing Lean Project Management – Building of Dream Home
[1 A] The suburb identified for purchasing the land as well as the size of the land purchasing this dream home is as follows – Gosnells, a suburb of Perth, WA and the size of land has finalized as 289 Square Meter. The PMBoK framework has been employed in the context of this project management and the specific project process that has been employed for identification of the suburb and the size of land in the suburb that is finalized to be purchased shall entail the project procurement process, and in specific the following – planning of the procurement management (with respect to suburb identified and land to be purchased), conducting the procurements, and controlling the procurement (PMI, 2017; Mullaly & Thomas, 2016; Todorovic et al., 2015; Lientz & Rea, 2016). The process of procurement planning shall entail the preparation of procuring of land (and which specific suburb) related statement for work or else the terms for reference, preparing of higher levels of cost estimate (in terms of maximum limit for being Keystart initiative eligible) for determining the overall project budget, advertising the need for this opportunity by way of online platforms and real estate agents, identification of the shorter list comprising the land which is available for sale that meets the requirements and qualifications, preparing as well as issuing of the relevant documents (PMI, 2017; Mullaly & Thomas, 2016; Todorovic et al., 2015; Lientz & Rea, 2016). preparation as well as the submission of proposals from the concerned sellers and agents, conducting technical / regulatory levels evaluation concerning the available for sale lands including their respective quality, performance of the cost-based evaluation concerning the sale related proposals, preparation of finalized combined quality as well as cost related evaluation for selecting the finally decided sale deal, and finalizing of the negotiations as well as the signing of contract in-between project team and the land seller (PMI, 2017; Mullaly & Thomas, 2016; Todorovic et al., 2015; Lientz & Rea, 2016). It has to be noted that requirements pertaining to terms of project shall in a significant manner influence overall strategy at time of undertaking planning with respect to the land procurement related process. The decisions which are made to develop the plan for this land procurement management could in addition have influences over project schedule as well as be integrated schedule development and budget estimation (PMI, 2017; Mullaly & Thomas, 2016; Todorovic et al., 2015; Lientz & Rea, 2016). The conducting of procurement process for this project shall entail obtaining of the responses from sellers who’s land is of interest to the objectives of this project, selection of the specific seller, as well as signing of the contract (PMI, 2017; Mullaly & Thomas, 2016; Todorovic et al., 2015; Lientz & Rea, 2016). The core benefit concerning the said process shall be that it shall aid in the selection of seller who is qualified as well as finally implement relevant legal agreement to take ownership of the land. This end outcome concerning this process shall be established agreements inclusive of the formal contracts. The controlling of procurement with this project shall entail the management of procurement related relationships, monitoring of the contract performances, as well as making the changes as well as corrections in the appropriate manner as well as closing out the contracts (PMI, 2017; Mullaly & Thomas, 2016; Todorovic et al., 2015; Lientz & Rea, 2016).
[1 B] The builder identified for undertaking the building of the dream home in the suburb and the land identified include project procurement process, and in specific the following – planning of the procurement management (PMI, 2017; Mullaly & Thomas, 2016; Todorovic et al., 2015; Lientz & Rea, 2016). The process of procurement planning shall entail the preparation of statement for work with respect to the building of home as per the expected features and within the planned budget as well as the terms for reference, preparing of higher levels of cost estimate for determining the overall project budget, advertising the need for this opportunity by way of online platforms and with inputs from experts, identification of the shorter list comprising the builders which is available in various platforms who shall meet the requirements and qualifications, preparing as well as issuing of the relevant documents (PMI, 2017; Mullaly & Thomas, 2016; Todorovic et al., 2015; Lientz & Rea, 2016). Preparation as well as the submission of proposals from the concerned builders, conducting technical / regulatory levels evaluation concerning the ability, and experience of the builders including their respective quality, performance of the cost-based evaluation concerning the sale related proposals, preparation of finalized combined quality as well as cost related evaluation for selecting the finally decided sale deal, and finalizing of the negotiations as well as the signing of contract in-between project team and the finalized builder (PMI, 2017; Mullaly & Thomas, 2016; Todorovic et al., 2015;...