This is an individual assignment – complete both Tasks 1 and 2
Background: The assignment is intended to bring out the benefits and limitations of the four stages of the project life cycle with different approaches to project planning and control by relating these to the circumstances in the cases outlined. It is also intended to allow students to demonstrate their learning and competence in respect of the management of resources generally but in particular elements of scope, schedule, quality, and cost.
Task 1
Q1.List and explain the four (4)stages of the Project Life Cycle, and discuss the importance of each of them.
Q2.Describe
- What is the scope of a project and why it is essential, and
- How would you have defined the scope in Task 2; case study (AMECMarine Construction)
Q3.Using the tables below, (Project 1, 2, 3) plot out an AON project network for all three projects and show:
-
- Identification of critical path
- Project duration
Q4.Define the following cost appraisal methods and describe the benefits of each method are?
- NPV,
- Payback and
- IRR.
Q5.Describe what is:
- Risk and Risk management and
- What are the five stages of the Risk Management process?
Q6 I. Outline and explain what a quality audit in Project management is?
II. What is a Project evaluation and why we are conducting one?
III. Explain the purpose of monitor a project and
iv. What is Project control?
Project 1
| Tasks | Precedence | Time |
| A | – | 4 days |
| B | A | 6 days |
| C | B | 3 days |
| D | B | 6 days |
| E | C | 5 days |
| F | C | 4 days |
| G | D | 2days |
| H | F | 3 days |
| I | G | 5 days |
| J | H | 3 days |
| K | I | 4 days |
| L | J, E, K | 5 days |
Project 2
| Tasks | Precedence | Time |
| A | – | 3 days |
| B | A | 5 days |
| C | A | 3 days |
| D | B | 4 days |
| E | D | 5 days |
| F | C | 4 days |
| G | D | 2 days |
| H | F | 3 days |
| J | H | 6 days |
| K | J,E | 3 days |
| L | K,G | 6 days |
Project 3
| Tasks | Precedence | Time |
| A | – | 3 days |
| B | A | 6 days |
| C | B | 3 days |
| D | B | 4 days |
| E | C | 5 days |
| F | C | 4 days |
| G | D | 6 days |
| H | F | 3 days |
| j | H | 4 days |
| K | G,E,J | 2 days |
Task 2:
AMEC Marine Construction(AMEC) is an international marine construction company with Shipyards around the Globe specializing in building-specific marine projects for a variety of international clients. It was recently commissioned to construct and install an Offshore Oil and gas production platform for an international consortium.
The Project/program
To construct and installation of an Offshore Oil rig platform to the North Sea.
Construction:
Two four-leg jackets one for the production platform and one for the Accommodation. One accommodation (Deck) platform for the crew quarters and offices with five levels.
One production (Deck) platform with four decks for the production equipment
Installation:
Jackets: when both jackets structures have been completed skidded onto two barges and towed to the North Sea oil field location. Platforms: both platforms put onto barges and towed out to the jacket’s location.
The budget for the project is US$ 550m, and the platform should be installed before the winter weather closed in on the area, therefore no later than 30th August 2024, and delivered for Operation no later than the end of September. After that day is an operational lost profit penalty of US$ 300,000 per day. Since the location of the oil field (North Sea) and the unique design demands of the Project, the construction should start at AMEC’s two shipyards on Newcastle upon Tyne, the starting day hasn’t been finalized yet but would be the first six months of 2021. The budget of the Project was estimated on the basis that work needs to be done with a 24/7 workload framework, and commission both yards at the hole period of the Project. Also, all the main sub-contractors would be from the UK and Europe due to close links and contracts with the consortium.
