A detailed study backed by the implementation of various Project Management tools and techniques to plan an industrial project of the Edible oil-producing industry for a demand of 110 tonnes per day. The study comprises of detailed analysis of the project life-cycle and the factors governed by it. Implementation of these Project Management tools and techniques to produce an optimized and well planned, economically efficient baseline, that serves the project for its planning, execution, controlling, and monitoring demand.
1. The project charter serves as a preliminary baseline to whether the project shall do justice in the market and if it has the potential to grow. 2. Economic feasibility deals with all the parts of the project that are associated with cost. Anything that comes into the project and everything that goes out from the project is associated with economic feasibility
.This gives the client an idea about how he will manage the finance of the project, how and where will he arrange the financial support, and what will be the factors governing the selection. Will the project give him desirable profits and rate of returns? All this shall be covered in detail at the feasibility level of the project.3. The exercise indulges in the various factors that govern the project and how to manage the same. The project organization, stakeholders, and risks were studied in the exercise. The organization is built by the stakeholders which are further responsible to take/resist the risk that is affiliated with the project in various aspects4. Every project undergoes a whole to the part approach which is induced via numerous techniques. The importance of this approach is to induce milestones in the project at the right time and place to fully bring out its potential and growth. To ensure that the project can save on time and costs. Work break down. Breaking work into smaller tasks is a common productivity technique used to make the work more manageable and approachable. For projects, the Work Breakdown Structure (WBS) is the tool that utilizes this technique and is one of the most important project management documents. It singlehandedly integrates scope, cost, and schedule baselines ensuring that project plans are in alignment. WBS can be prepared via deliverable-based WBS and phase-based WBS. An approach towards setting up of ‘Flower drops’ project is phase-based5.1 Value Engg:
“Value engineering is a way of achieving cost savings without affecting performance, in fact in many cases it improves the performance”. The purpose of the exercise is to identify the possible alternatives for roofing and partition systems and conclude the best value governing alternative for the client, with the same cost or a thin margin. The idea is to select the best possible product via comparison analysis that fulfills its purpose.
5.2 Target Cost Design:
A case of the conventional process of estimating the cost of the design, which is re-designed to eliminate overruns and optimize the value for the given target cost. The learnings of value engineering are used here. For the given cost of the site office, redesigning and optimizing the value at 25% lower cost.
requirement the same.
The study comprises of various factors that are put in order of working stages to enforce a strategic approach towards contracting strategy for contracts of feasibility, design, Project management company, and third-party intermediaries (TPI). However, in the ‘project-flower drops’, only a design contract has been given out of the above-mentioned contracts, it has an in-house project manager, and everything is done under the surveillance of the project manager.The exercise was to identify the materials, resources, and workforce required for various components of the edible oil industry, assigning identified driving resources and other supporting resources, with their standard rates, in Microsoft project, and derive outputs in terms of-Team planner view, Task usage view, Resource usage view, Resource graph (for 1 important resource) view, Resource sheet in standard formats. Interpretation for the same is in the contents of the report.
The purpose of the study to identify the resources which are over-allocated for various components of the edible oil industry, assigning identified driving resources and other supporting resources, with their standard rates, in Microsoft Project, and derive outputs.This study is done under the assumption that, periodically at the time of finding variances substantially in form of time and cost and are to be controlled by enforcing revised scheduling of remaining work. Several reasons may affect the project progress, which has been identified as constraints and risks during previous assignments. The uncontrolled potent occurrence of one or many can derail the project and can make the situation worse to handle.
Hence, each WBS under construction has been given a constraint. The constraint has to be induced in the project schedule, leading to a lag in the schedule for respective activities. This cost the project in terms of time and cost.
Activities that are scheduled, are tried to be crashed via various techniques, and an attempt to compensate for the lag is carried out. .
The study serves as an integrated document (PFA in the link provided) of project management and control tools and techniques. The study for an edible oil industry serves as a case study that has been applied with all sorts of project management techniques.
