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BT7073 Fundamentals of Project Management

Question:

By submitting this coursework you agree to all rules and regulations of BPP regarding assessments and awards for programmes. Please note, submission is your declaration you are fit to sit.

BPP University reserves the right to use all submitted work for educational purposes and may request that work be published for a wider audience.

TTF will manufacture the Inverter Product from the production line as part of its Train Manufacturing Process.

TTF have acquired the site for the New Factory but AF will have to:

· Design and Construct of the new Factory to fit the automation equipment;

· Design and Develop the Automation plant including the production line software;

· Design the Inverter product including the control software.

The terms of the contract are as follows:

· The target price for the delivery of the Automation Plant is £58.50m.

· If the cost of the delivery of the Automation Plant is less than the target price, then AF PLC will be entitled to the first 50% of the surplus anything greater than 50% of the surplus will be split 50:50 with the client.

· If the cost of the delivery of the Automation Plant is Greater than 5% of the target price, then AF PLC will be required to bear the first 5% of this excess cost but anything greater than 5% of the excess will be split 50:50 with the client.

· Delivery of the completed Automation Plant must take place no later than 18th September 2020.

· There is a penalty clause inserted into the contract. For, every day (or part day) that the project is late, that is, beyond the completion date of 25th September 2020 (including weekends), AF PLC must pay TTF liquidated damages of £100k per working day.

· However, if they achieve an early completion then they will be able to receive a bonus of £50k per working day.

AF PLC are currently very busy with work for other clients, but this contract represents a significant opportunity as it will enable it to showpiece its competences in a major growth area. The Automation equipment is to be installed in modular units built in their factory in the ROI and then assembled at the new factory in Germany. The factory in Germany will need to be completed in time for the Automation Equipment to be installed. You have been appointed as the AF PLC Project Manager.

Questions.

1. Project Definition/Parameters and Risks (20 Marks)

(a) Discuss the relative importance of the various iron triangle parameters in setting the Overall Project objectives that will need to be managed by you as the AF PLC project manager over the course of the project, and how they may inter-relate to each other.

(b) Use the template provided to create a risk register, identifying a maximum of ten risks that AF PLC are likely to face with a construction project of this nature.

The main contracted Labour/Staff requirements and the fixed costs for each task are shown in Table 1 are in £m.

(a) Prepare a network diagram showing the critical path and planned duration of the project. Quantify the float on the non-critical tasks.

(b) Using Microsoft Project (or a similar package) prepare a Gantt chart for the project to a professional standard. Calibrate the timescale in weeks. If the project is scheduled to start on Monday 8 th July 2019 determine the planned completion date based on the constraints outlined in table 1 and the brief.

(c) Using the information provided, detail the overall Project Budget and the projected Net profit for the contract (i.e. revenue – costs) (including any bonus or  allowing for any penalty) that the company will be aiming to achieve based on the projected completion date and the contract terms. You are also required to provide an indication of what budget components could impact the point at which in terms of days late the project could become loss making assuming no increases on the initial Project Budget. Show your workings clearly using a spreadsheet (You can submit as a separate spreadsheet file attachment, but the overall figures must be included in the main body of the report) (9 marks)

 

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