WEEK 16

 

 

 

 

 

 

 

 

WEEK 15

PM report https://docs.google.com/document/d/123h57LRcMbIpl-CAA0nxE01uDrhJyDU_7rz8zehZcBE/edit?hl=en_GB

WEEK 14

Cost-benefits analysis allows us to weigh the cost against the benefits hence we can predict whether the project is feasible. The cost-benefit analysis also enables us to estimate how much profits the project could bring about hence breaking down the profits to a monthly basis.

WEEK 13

 

Profits and cost are always directly related. In order to measure profits we first need to identify the costs such as fixed cost and variable costs (Direct labour, Direct materials and Direct expenses). Therefore we need the help of a costing table to list down all the costs incurred in our solar panel project. Thus with just a glance at the cost table the management can know what are the costs and how much capital we need for the project to be carried out.

WEEK 12

Risk are involved no matter what you do whether big or small. Hence our group decided to do a risk assessment for our project.

Prior to our belief, we really did found out some risks involved, thus we decided to review our project schedule. Therefore here's the edited AON, Gantt chart.

 

After reviewing the risk assessment of our project we found out that there were 2 major risks involved, namely delay in installing the solar panel and the occurrence of a poorly designed solar panel. As such, an increase in manpower and alternative designs have to be in order. Resulting in the project to incur an additional cost of 505k and a time extension of 4 weeks.  

WEEK 6

Here's the Gantt chart for our solar panel:

We are using the Gantt chart to help us to monitor the progress of our solar panel project. With this we can correctly plan and identify how long the project will take and make changes when some unforeseen circumstances occur. It also provides the whole team a clear view of which tasks are on hand and which need to be completed first.

WEEK 5

The earliest finish time we could complete the project was 32 weeks that is only if every single process is completed on time with out problems. We have a float of 8 weeks so that in an event where problems arise we still have adequate time to complete the project.
I feel that AON is essential in project management as it allows us to plan the entire process of the project  from start to finish within a given period.