Justify the choice of firm fixed price contract

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Reference no: EM131554364 , Length: 2300

Assessment

Details: In place of final exam there will be a ‘project appraisal' (individual) report based on a completed project. Each individual student will work on a supplied project (Blue Spider) and will answer some specific questions, and submit the project appraisal report. The project appraisal report is an opportunity for post-graduate students to demonstrate what they have learned during the semester on project management.

You should discuss each question logically by using multiple references from academic journals and books. The purpose of project management is to achieve a successful project. Some of the answers are matters of opinion and you will need to study for ways to approach them. To support your answer, you can take help from project management books, journals and authenticated sources.

- This assignment must be delivered in a report format containing:
o Title page
o Executive summary - overview of the purpose of the project and report, analysis, findings and recommendations
o Table of content
o Introduction - purpose of the report, a brief introduction to the project, and the structure of the report.
o Body - Identify project issues in the light of questions asked and discuss the situation by referring to relevant project management knowledge area by use of high quality and relevant references.
o Conclusion - A short summary of the report containing the findings and your recommendations
o Reference list - RMIT Business format for referencing shall be followed. (Harvard style)
o Appendices (if any)

Case Study: Blue Spider project

The report will be evaluated based on the following outline:

1. Executive summary (brief): Clearly outlines the objective of the project and report, analysis, findings, lesson learned and recommendations.

2. Introduction (brief): It clearly demonstrates the purpose of the report, key terms/issuesyou are going to discuss and the report structure.

3. Project Appraisal/Body: (Answer the following questions)

Questions:

1. How did the project team handle risks at different phases of project life cycle? Discuss.

2. Who are the key stakeholders in the project? Briefly discuss the communication management issues with the major stakeholders.

3. Was the selection of project manager right for the project? Was he qualified to be a project manager- rationale your answer?

4. What happens when a situation of mistrust occurs between the customer and the contractor? Discuss the issue with respect to the project.

5. Justify the choice of Firm Fixed Price (FFP) contract for the project. What other type of contract they could have chosen, and why?

6. "The truth doesn't always win proposals". Was it a right approach? Discuss the ethical issues in different phases of the project.

7. Complete your evaluation of project management for this project, and calculate the average rating using the following grid and justify your score.

 

Initiation stage

Planning stage

Implementation stage

Closeout phase

Average

Scope management

 

 

 

 

 

Time management

 

 

 

 

 

Resource management (human resource)

 

 

 

 

 

Communication management

 

 

 

 

 

Stakeholder management

 

 

 

 

 

Risk management

 

 

 

 

 

Contract and procurement management

 

 

 

 

 

8. Conclusion: Document the lessons learned from this project and provide your recommendations.

9. Overall presentation (all topics are clearly explained, clarity of language, coverage and completeness, page numbers, table of contents), use of references and citation, conciseness

Length: Word limit 2300-2500 words

Reference no: EM131554364

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