Assignment 1: IT Project Management Assessment
CIS 515: IT Project Management
Jan 12th, 2012
Project overview:
According to "Prairie Waters Project Receives Project Management Prestigious 2011 PMI Project Of The Year Award" (2011), “Its exemplary innovation and completion, two months ahead of schedule and $100 million under budget, has made it the 2011 recipient of the Project Management Institute’s prestigious PMI(R) Project of the Year Award. ” (para. 1).
The Prairie Water project led by CH2M HILL was an environmentally responsible, publicly funded project to collect water for city of Aurora from the South Platte River. The project was a crucial one for the city to sustain its population with only 10 months worth of water
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The project team members were consistent about performing their responsibilities and meeting project milestones. According to "Prairie Waters Project Receives Project Management Institute’s Prestigious 2011 PMI Project Of The Year Award" (2011), “Eight significant stakeholder agreements, 145 land parcels and 44 permits were acquired for approval and completion of the project, which took six years to complete”. Managing 145 stake holders and keeping them informed throughout the project is an enormous task. Various parts of the project required 44 permits to satisfy various codes. Each one of these could have impacted the project schedule or caused the project timeline to slip.
The triple constraints of project management are Cost, Time, and Scope. A proper balance of these three constraints is necessary for successful project completion. Every project, regardless of size or complexity, has to deal with these constraints. The Aurora Water project was initially projected to cost $854 million dollars. Through extensive and successful use of Earned Value Management (EVM), CH2M HILL was able to slash the project cost by $200 million dollars. By fast tracking the project they were able to complete the project 2 months before the original completion date. This was almost a 25% savings from the projected cost. Without innovative ideas to share the savings or fast track the project timeline, the project’s cost could have gone over budget or resulted in fewer savings than
In 2008, the town of Boone began a new project called The New River Project. This project was designed to ensure that the town of Boone had enough water to meet the needs of the town as it grew. This project explored several sites for a water intake facility and proposed a site in Todd, North Carolina on the South Fork of the New River (Town of Boone, 2008). This project was presented to the residents of Watauga County as a need to ensure water was available as their growth edged nearer to maximum capacity for the available water.
The Central Valley Project (CVP) is a Federal water project set up and run by the US Bureau of Reclamation to provide water for the Central Valley in California. Through twenty dams and reservoirs the CVP facilitates the collection and delivery of water for irrigation, municipal, and industrial use, as well as producing hydropower, providing flood control and recreational facilities on their reservoirs. The CVP provide a good example of how cost allocation works within a vast organization. I will use this organization to describe the method used by the CVP to allocate cost and whether I agree or disagree with their methods. I will also be identifying situations where common costs are allocated. I will explain the impact of allocating
The paper is divided into three sections, the first of which will establish a timeline of events. This project background will serve as a case study for the analysis in the following section that will be structured such that each of the previously mentioned facets will be independently analyzed and contrasted with project management principles. Finally the paper will conclude with a summary of the analysis and recommendations based on
The ranchers have also been trying to buy rights to this land. Despite every offer, over the past three years, the owners have been claiming that the land is not for sale. They want to install a pipeline 306 miles long (Grange). Where they want to install this pipeline is home to many livestock, fish, and nature. Animals in this area include water shrew, yellow-bellied marmot, beaver, sagebrush vole, porcupine, bighorn sheep, pygmy rabbit, ringtail cat, and many more. During the process of building this pipeline, it could destroy or affect many animal’s homes and move or remove parts of nature in that area such as tree roots, plants, and soil. “This project is seen as a threat by Indian tribes and rural communities and is expected to do immense damage to many rare endemic species, desert vegetation, and the land itself, much of what is open range” (Carter). The price of the construction is estimated to cost anywhere from $3.5 billion to $15 billion
The Colorado River compact has been the most beneficial project for the seven states that share it. The river has 29 dams that serve different purposes together with hundreds of miles of canals. Many farmers have been known to divert the river into their own farms to be used for irrigation. Irrigated land accounts for four million acres of the total land use. This relates to a large percentage of water used for agriculture. The products got from constant irrigation are a major economic boost to both the farmers and the United States. This also enhances living standards due to income earned by such farmers (Michael, 2010). This has enabled them to feed not only their states, but also the other neighboring countries through
Larson, E., & Gray, C. (2010). Project management, the managerial process. (5th ed., p. 158).
The DAPL project was approved by the U.S. Army Corps of Engineers (that's our military, people) using the Nationwide 12 permit process. The Nationwide
In the current business environment, the demand for project managers is ever growing. In short, project management is a provisional project constrained by time, cost and scope (A guide to the project management body of knowledge, 2013). Between the immense organization, optimization, and communication assets skilled project management brings to a project, it is easy to see why project management is a booming field of study. Furthermore, project management can be both financially and personally rewarding when long term milestones and goals come to fruition.
Gray, C. F. & Larson, E. W. (2008). _Project Management: The Managerial Process_. Boston, MA: McGraw-Hills Companies, Inc.
* Development began in late 2002 and was to be completed in 12 months’ time.
Project management is the application of knowledge, skills, tools, and techniques to project activities in order to meet project requirements (PMBOK Guide, 2008). Using this definition, it is made evident that the parties involved in the Denver International Airport (DIA) Baggage System project in the 1990’s failed at applying basic organizational practices towards managing the triple constraint of scope, time, and cost goals. The combination of inherent risks, uncertainties, and dysfunctional decision making geared the project towards disappointment while simultaneously designating it as a text book example of what not do when taking on a complex project. By looking at the key strengths, weaknesses, opportunities, and threats we can
This case study analyzed five different projects Target Corporation had to decide on capital spent for which project created the most value and the most growth for the company and its shareholders. By analyzing the financial statements and exhibits of each project, I was able to determine the positives and negatives of each of these alternatives. The alternatives were Gopher Place, Whalen Court, The Barn, Goldie’s Square, or Stadium Remodel.
One thing that the vice president forgot to include in his analysis is the fact that the schedule variance does not measure time by itself. Even though the project currently has a negative schedule variance at this point in the project, it does not mean that the project manager can’t make up the time later in the project and get the schedule variance back on track. Franklin Electronics should have included a real schedule analysis to show where the timeline really stands. It is important to see a real schedule analysis to determine if the project is truly in danger of not getting done on time.
In the process of going from a non-project driven firm to a project-driven one, the greatest resistance might come from the executives including the board members, company owners and the vice president. The strong and rigid culture has been instilled in the company since 50 years and as a result, the president's preaching fell on deaf ears. Authoritative support is necessary to execute such strategies and it seems that for Macon Inc., that will be the most difficult one.
A key activity in project management is assessing project constraints. A project has three limitations: scope, budget and schedule. These limitations are project constraints because they are sensitive to change and have an impact on project risk. Risk is exposure to uncertain outcomes. Project constraints are mutually exclusive. If one constraint changes it affects the others and adjustments may be required to compensate and manage risks. For example, a delay in the schedule can increase the risk that the project will not finish on time. Time is money and delays have a negative impact on the budget. To