Answer To: Task 1: Project Integration Management Part 1: Establish the project Project Charter: A. Project...
Tanmoy answered on Aug 21 2021
Task 1: Project Integration Management
Part 1: Establish the project
Project Charter:
A. Project Background
The project will be edifice by The Max Lionel Realty where they will develop a program through which the company will be able to inform the agents of the various legal and ethical issues faced during the day-to-day business operations. This will help the company to implement professional standards which will be of high standards, communicate the potential tenants, clients and the existing clients of the commitments made by Max Lionel Realty during the operations. Through this process the realty company will be able to achieve high performance as well as enhance their employee productivity and customers purchasing power. Therefore, through this initiative they will be able to develop a program which will enable them to easily achieve the above organizational objectives. The realty company Max Lionel Realty was founded by property developer and promoter Max Lionel in the year 2008. Presently there are approximately 100 employees working in the company. Out of these employees approximately 80 are licensed real estate agents. Max Lionel realty company are responsible for administering properties, selling the properties and resident as well as commercial rents to numerous people for a safe and healthy living. The organization also conducts various investment activities by acceptance and lending of funds required for the development of property and land development. The company has been a member of Real Estate Institute of Victoria (REIV) since 2008. They also adhere to the code of conduct established by the Real Estate Institute of Victoria (REIV) during its business operations. The ultimate objective of the real estate company is to edifice customer goodwill and help to satisfy the legal and ethical demands and obligations of the customers.
Based on the project plan established by Max Lionel Realty company the main objectives and success criteria are as follows:
1. The agents should be informed and communicated of the legal and ethical obligations. They also must be informed of adhering to any standards and code of conduct which is established by the realty company. This must be prepared with respect to the WHS and anti-discrimination legislation.
2. The company must implement high benchmarks for professional operations and must implement as per the code of conduct and established legislation by Real Estate Institute of Victoria (REIV).
3. Enhance the employee and customer satisfaction level along with meeting the customers demand as a part of their strategy.
4. The company must communicate any changes made to the clients, potential tenants and the existing tenants of MLRs commitment.
B. Project Purpose and Justification
Purpose and why the project is needed
Project purpose: The project is edifice to act as a guide towards practicing ethical work and data management of the employees. This includes the employees connecting with the clients which will help them to behave as per the established code of conduct and assist in reducing the work pressure as well as elimination of errors and mistakes during the administration of the database. In order to ensure that the acquisition of the organizational resources is carried out in a consistent manner, prudently and in transparent order following are the organizational necessities of the project:
1. The real estate company and its management must communicate every legal and ethical issues and obligations along with the standards as well as the code of conduct in a synchronized manner towards every stakeholder associated with the project of the company.
2. The tenants, potential customers and the existing customers must be informed of the commitment made by Max Lionel Realty company.
3. The company must promote high standards in terms of professional code of conduct and other requisite legislation and as per the Real Estate Institute of Victoria (REIV).
4. Finally, the real estate company must achieve various initiatives for the employees and the customers during the buy-in.
C. High Level Project Scope Statement Project Objectives and Success Criteria
List objectives and success criteria – make then SMART. Make sure you explain how this project fits in with broader organization objectives
The agents will be adhering to the legal and ethical obligations which have been established by the company and which will be with respect to the Work Health & Safety practices as well as the anti-discriminatory legislation policies. Also, Max Lionel Realty also needs to follow any code of conduct and benchmark established and adhered by the organization. Also, while establishing the objectives the agents will follow the established standards while practicing the professional conduct; there must be multiple initiatives established with respect to the employees and client buy-ins and the clients, existing as well as the potential tenants must present and communicate the new standards as committed by the Max Lionel Realty company. Therefore, MLR must establish the SMART goals which are as follows:
S is specific and significant. MLR will inform its clients and employees of the new standards developed during the daily business operations.
M is measurable and meaningful. These new standards will be constructed as per the Real Estate Institute of Victoria and will be measured against that benchmark.
A is attainable, acceptable, achievable, agreed upon and action-oriented. The set standards must be ethical and logical. These goals will be communicated to the employees appropriately so that they are easily achievable.
R is realistic, rewarding and result oriented. The new standards will enable the real estate company to easily achieve the goals and increase productivity in the future.
T is time bound, tangible and trackable. Finally, these new standards must be established within a specified period of time so that they are easily implemented and the company will have ample time for making any changes if required.
Success Criteria: The success criteria of the MLR project will be reviewing the operational project plan, classification of the project objectives, allocation of roles and responsibilities of the plan; management of the project authority; setting the deadlines with respect to the project completion. All these will be the critical plans for the successful execution of the project. We will be able to analyze the success of the project based on the stakeholder analysis. Also, Max Lionel Realty (MLR) must accept the ideas and plans provided by the stakeholders which can act as a criterion for organizational development.
High Level Project Scope and Requirements In scope
· Broad statements of project and product scope to be included in the project
It will edifice the brand and goodwill for the customers.
This project planning will also help to promote high benchmark as per the professional code of conduct
The agents of the real estate company must be communicated of the ethical and legal constraints.
The company must inform the commitment made for the initiation of the project to the clients, all the existing tenants and the potential tenants of the Max Lionel Realty. This will help to carrying on their work and be informed of the new standards that will be adhered by the company for the advancement of the project.
Also, the company must accomplish the employee and customer buy-ins for initiatives.
Out of scope
· Broad statements of project and product scope items not to be included in the project
The items which must not be a part of the project are the Real Estate Institute of Victoria (REIV) legislation; the training of the employees and the clients of the MLR company which are already conducted as per the established code of conduct and the high-performance software which is used for the purpose of management of data.
BSBPMG521 Task 1
NovaCore\DMS\TRAINING LIBRARY 2020\PROJECT
MANAGEMENT\BSB51415: DIPLOMA OF PROJECT MANAGEMENT \UNITS OF
COMPETENCY\BSBPMG521: Manage Project Integration\\
Revision: 1.0
Revision Date: 10 Feb
2021 Next Review: 10 Feb 2022
Approved by: Nerida McDowall
Assumptions
The assumptions are the factors which are considered actual proof of demonstration for the purpose of project planning:
The main assumptions are:
· The working hours must be atleast 10hour per day and as per the standard working hours.
· There must be atleast six to eight team members who will be working in the MLR company
· There must be checking conducted on a regular basis on the proper working of the computer, telephone, printer and internet.
· There will be meetings conducted by the company and must be attended by the clients and the tenants
· The maximum amount of budget allocated for the project will be $15000.
Constraints
Project constraint is a situation or a state which restricts or limits a given course of action or inaction. There will be an applicable limitation which may be internal or external to the project and will henceforth impact the project performance.
The main constraints are:
· Budget constraints: The cost of the project will not exceed more than $15000
· Time constraints: The total project will be started, strategized, executed and completed within a period of 1 month or 4 weeks.
· Human resource constraints: The number of team members that will be hired in the company will be 8.
· Communication: Most of the communication will be conducted through email and this will have no negative impact on the cost of the company.
· Human Resources: MLR has already established a HR department in their organization.
· Project integrating: The project will be used for integration of the internal departments of the company
· Procurement and contracting: The procurement will be done by the purchase department while the contracting will be arranged by the law department of the company.
· Quality: The quality of the products and services which will be delivered from the project will be of superior quality and have been a part of the project cost.
· Risk associated: Prior to allocation of the budget the risk will be analyzed by MLR management.
· Scope: The scope or alternatives of the project was analyzed prior to allocation of the budget.
D. Project Methodology and Approach
The phases are:
Project initiation phase: At this phase generally a project is formed, initiated and named at a broad level. The project sponsors and the stakeholders of the company diligently decides of their commitment...