Establish a cash flow for the project

Reference no: EM132369765

Learning Trigger - Scenario

You have recently joined a high end residential builder as a Construction Manager, and have been given the responsibility of delivering a project at 9 Kangaroo Drive in Brighton Victoria. This is an excellent opportunity to demonstrate your abilities and skills as Construction Manager that is able to balance the critical elements of time, cost and quality and scope of a project.

A full set of architectural drawings available.

Assignment 1

You are required to start planning the delivery for this project. In order to achieve the desired outcomes, you are expected to draw on your knowledge and understanding that allows you to develop fundamental project management techniques and tools which include:

1. A Construction programme for the project showing in detail the tasks to be undertaken, the dependencies between the key stakeholders and the critical path. The project is scheduled to commence construction on 19th August 2019 with total completion timeframe of 9 months.

2. A Cost control mechanism to manage the project

3. A Quality management plan for the project that reflects ISO 9000 principles and your own approach to quality.

• Among the key points to be covered in your plan you should include;
• Material ordering procedures
• Checking procedures for material deliveries on site
• Review systems for completed stages of the work
• Mandatory inspections

• Final quality sign off procedures for handover to the client
• Any other critical aspects that you believe are important, and that will reflect your attitude to the delivery of a quality end product.

4. Recognising the management of all stakeholders associated on and within the project parameters.

The Operations Manager requires you to present these documents as a professional report to a standard suitable to be tabled at the company's next operations management meeting.

Assignment 2

You are required to establish a cash flow for the project that reflects the construction programme.

For the purpose of your cash flow please assume the following:
• Client credit terms are as per the HIA contract
• Subcontractors and supplier credit terms are 30 days
• Preliminaries are to be spread evenly over the project
• All subcontractors and suppliers submit a claim for works complete for the week at the end of each week

The Operations Manager requires you to submit a concise report including:
• A construction programme (please re-present the programme from assignment 1 with amendments / improvements as required)
• An excel spreadsheet showing the cash flow forecast and a line graph showing the money in, money out and net total
• A discussion on how negative cash flow can be managed and / or minimised for the project
• A discussion on the relationship between time, cost, scope and quality and potential impacts on the organisations operations.

Reference no: EM132369765

Questions Cloud

Present the highlights of your analytics report : present the highlights of your analytics report to an audience from all levels of the company and explain how the results of your analysis apply to the business

Causes of the recession and the housing bubble : Write a brief summary of what the article The House that Uncle Sam Built are the causes of the recession and the housing bubble? Do you agree? Why or Why not?

Write a description of assigned companys primary industry : write a description of your assigned company's primary industry - Discuss their competitors and market share. What are they doing to protect and expand market

Leading change when business is good strategies for change : If your ship was sinking, it would be easy to inspire everyone to pitch in to try to create change. After all, their lives depend on quick action.

Establish a cash flow for the project : BBE111 - Managing a Domestic Project - Holmesglen Institute - Learning Trigger - Establish a cash flow for the project that reflects the construction programme

Analyze the concept of resource scheduling : Which you analyze the concept of resource scheduling and evaluating various methods used to schedule resources in project management.

Leading change-why transformation efforts fail : This week we delved into the concept of change. We know that change requires effort. Sometimes it works, and sometimes it doesn't

Create sample registration sequence diagram : I need to create a sample registration sequence diagram that shows the steps in the registration process.

Teaming across distance and culture : What are the major effects of the physical separation of group members? How can distance, in some cases, be beneficial to groups and teams?

User Account

All Pages