Implementing Australian Storage Facility: Key Management Factors And Project Aspects

Management structure

The conditions that are generally needed for the implementation of Australian Storage facility is elaborated below:

Management structure: The management structure plays a vital role in implementing the project. It is identified that the organization utilizes projectised management structure for the implementation of Australian Storage facility. According to projectised management structure, the project manager holds the entire authority for the project and they are generally responsible of prioritizing project, applying project resources as well as helps in directing the project team members within their work so that they can work effectively within the project for finishing it within the expected deadline (Mir & Pinnington, 2014). The team members of the project “Australian Storage facility” mainly report to the manager in context to any type of complexities or problems that they are facility.  After the project is completed, the project manager engages in re-assigning the project resources so that it can be utilized for some other project. In addition to this, it is found that the project manager helps in managing as well as handling each of the activities of the project quite effectively (Schwalbe, 2015). 

Style and culture: It is stated by Hornstein (2015) that the culture of the organization is mainly related with the project success rate in context to training process, time management as well as management style of the project. It is found that the culture as well as organizational style of the multinational organization generally comprises of motivation, social norms, risk tolerance, reward system as well as shared mission and vision (Kerzner, 2017). All this factors plays a significant role in the implementation of Australian tank facility effectively within the expected budget and time.

Levels and boundaries for authority and autonomy: There are number of boundaries as well as levels for project authority so that the entire work associated with the project can be effectively completed. As per the project needs and requirements, the entire work of the project is divided into number of project departments and every project department has a leader who takes the responsibility of handling as well as managing the entire work that is associated with that department (Sears et al., 2015). It is found that team division is mainly done, as all the team; members are not skilled and experienced in every field of the project.

Attributes: For implementing the storage facility in a quite easier as well as successful manner, it is necessary to use some of the key attributes by the project manager (Svejvig & Andersen, 2015).   It is quite necessary for the team members of the project to define the project scope quite clearly so they does not face any type of problem in understanding project requirements (Todorovic et al., 2015).  It is very much necessary to elaborate the project resources, which are needed for implementing the Australian Storage facility within the expected budget and time. Proper training facility must also be given for the team members of the project.

Style and culture

Personal skills: The personal skills of the project stakeholders generally creates a positive impact in implementing the project successfully within the expected deadline. The various types of personal skills that are generally required include communication, risk management, leadership, cost management, ability of project quality management and more (Joslin & Muller, 2015).  If the project managers can be able to handle the project activities successfully then it is expected that the project will be completed within the expected time. In addition to this, it is very much important for the project team members to be skilled in problem solving (Sanchez, 2015). Furthermore, it is analyzed that essential skills of project management must be present in every team member of the project as these skills generally drive the entire project towards success (Too & Weaver, 2014).  

Project team characteristics: The team that helps in implementing the storage facility of Australia must have some important characteristics like influential, skilled, experienced, motivational as well as dependable (Chih & Zwikael, 2015).   All this characteristics plays an important role in implementing the Storage facility within the expected time.  The team members also communicate well with other members of the project so that they can be able to manage the project work effectively (Marcelino-Sadaba et al., 2014).   

The Australian Storage tank facility implementation will be managed by reflecting on four different project aspects, which are elaborated below:

Time: Time management is mainly defined as an ability of planning as well as organizing the project time that is provided for finishing the project successfully. It is found that proper time management generally assists in enhancing the project effectiveness and for managing the project time effectively, it is quite significant to use proper tools as well as techniques (Conforto et al., 2014).  In this project, Gantt chart is mainly utilized for planning as well as scheduling project. It is identified that due to the utilization of Gantt chart in the project of Australian storage Facility implementation, the project team members can be able to access the duration of the project. The Gantt chart that is developed for the Australian Storage facility project is mainly designed in proper timeline format so that the timing of the project activities can be successfully visualized over time (Kucharska & Kowalczyk, 2016).   The Gantt chart for Australian Storage facility that is used for time management is provided below:

Figure 1: Gantt chart

(Source: Created by Author)

Levels and boundaries for authority and autonomy

Figure 2: Critical path

(Source: Created by Author)

Cost: Cost management is considered as one of the process that helps in controlling as well as planning the budget that is associated with the project “Australian Storage Facility”. Cost management mainly comprises of activities like budgeting, financing, planning as well as managing the project cost that is generally approved for finishing the project “implementation of Australian Storage facility” (Eskerod, Huemann & Savage, 2015).   It is identified that for managing the project cost it is quite important to utilize proper tools and techniques. It is found that the cost of the project can be easily managed by estimating the budget properly and by using proper cost control methods (Badewi, 2016).  The actual cost associated with the project must be properly recorded and the metrics of cost management should be calculated after the end of each reporting period. The cost for the project “Australian Storage facility” is provided the table below:

Resources: Resource management is defined as a project in which proper as well as careful planning of the resources of the project are done. It is found that there are number of types of resources like human resources, financial resources as well as materials resources that are needed to be properly managed by utilizing proper techniques as well as tools (Calvo-Mora, Navarro-Garcia & Perianez-Cristobal, 2015). It is identified that resource histogram is one of the useful tool that is utilized for managing the resources of the project. By utilizing the resource histogram, one can be able to view the resources and can be able to analyze whether the resources of the project are properly allocated or over allocated (Costantino, Di Gravio & Nonino, 2015). The resource histogram that is utilized for managing the resources of the project “implementation of Australian Storage tank” are provided in the table below:

Figure 3: Resource histogram

(Source: Created by Author)

 In order to analyze whether the project “Australian Storage facility” is able to achieve its goals and objectives, it is very much necessary to use proper key performance indicators. It is stated by Fernandes, Ward & Araujo (2015) that key performance indicator is mainly referred as one of the quantifiable measure that is generally utilized for elaborating the project success. It is considered as one of the technique of performance measurement that mainly assists in understanding how the project “Australian Storage facility” is performing (Pollack & Adler, 2015). The key metrics that are generally used for determining that whether the project has achieved its goals and objectives are mainly elaborated below:

Attributes

Financial metrics: If the project of Australian storage facility is implemented within the assumed budget then it is analyzed that the project is successful. It is found that appropriate financial analysis are mainly needed for determining the profit that is achieved by the multinational oil company (Chih and Zwikael, 2015) Budget variances must be calculated for making sure that the entire project is on the track and thus the project will be finished successfully within the assumed budget. It is found that finishing project within the expected budget is considered as one of the vital step that generally reflects that the project is able to achieve its objectives as well as goals. 

Schedule metrics: If the project manager of the project “Australian Storage facility” is able to finish the entire project within the expected deadline that is mainly estimated during the initiation phase of the project then the project is found to be successful. It is analyzed that in order to determine whether the project is finished within the time or not it is very much important to utilize schedule variance of the project (Eskerod, Huemann & Savage, 2015). With the help of schedule variance, the project managers can be able to know whether the project will be finished within time or it is out of the estimated timeframe.

Resolving challenges: If the challenges that is associated with the project is resolved then it can be analyzed that the project is successful. It is found that proper implementation of storage facility will be advantageous in resolving the issues as well as challenges of the multinational oil company (Svejvig & Andersen, 2015).   Furthermore, the project assists in providing proper facility of saving money $20,000, per month to the oil company that  so that they do not have invest in the environmental fines as the tanks of oil s are repaired successfully.

Quality metrics: It is very much necessary to finish the project within the expected budget and time without compromising the project quality. If the project is finished without compromising the project quality then the project is analyzed to be successful. For analyzing whether the project quality is achieved it is very much important to undertake proper analysis on project quality (Kucharska & Kowalczyk, 2016).  In addition to this, it is analyzed that managing quality of the project is one of the significant tasks before the project managers for achieving the goals as well as project objectives. 

Personal skills

The steps that are required for closing off the project are provided in the table below:

 Project closure checklist: The project closure checklist helps in confirming that all the tasks as well as activities that are associated with the project is finished (Joslin & Muller, 2015).  The closure checklist for the project “Australian Storage Facility” is provided below.

Realising resources: After the project is completed, the resources that are assigned to the Australian Storage facility is mainly released so that it can be utilized within some other project. It is analyzed to be one of the vital step of project closure (Chih & Zwikael, 2015).

Celebrating success: The project team must be rewarded for their contribution within the project as they have successfully finished the project within the expected budget and time (Eskerod, Huemann & Savage, 2015).   This step is found to be one of the important step as it generally helps in planting seeds that generally bloom later when the project manager will work within some other project with those team members. 

The steps that taken after the project is elaborated below:

Post project review: It is found that post preview is undertaken after the entire project is completed for ensuring that the activities that are associated with the project is finished successfully within the time and budget that is assumed (Fernandes, Ward & Araujo, 2015).   It is generally undertaken for reflecting that the project has achieved its goals as well as objectives.

Documentation: After proper review of the project, it is quite important to document the entire project properly so that it can be utilized whenever necessary. It is found that documentation within the project is mainly done as one of the legal procedure that generally helps in illustrating the outcomes as well as results of the entire project (Pollack & Adler, 2015). 

References

Badewi, A. (2016). The impact of project management (PM) and benefits management (BM) practices on project success: Towards developing a project benefits governance framework. International Journal of Project Management, 34(4), 761-778.

Calvo-Mora, A., Navarro-García, A., & Periañez-Cristobal, R. (2015). Project to improve knowledge management and key business results through the EFQM excellence model. International Journal of Project Management, 33(8), 1638-1651.

Chih, Y. Y., & Zwikael, O. (2015). Project benefit management: A conceptual framework of target benefit formulation. International Journal of Project Management, 33(2), 352-362.

Conforto, E. C., Salum, F., Amaral, D. C., da Silva, S. L., & de Almeida, L. F. M. (2014). Can agile project management be adopted by industries other than software development?. Project Management Journal, 45(3), 21-34.

Costantino, F., Di Gravio, G., & Nonino, F. (2015). Project selection in project portfolio management: An artificial neural network model based on critical success factors. International Journal of Project Management, 33(8), 1744-1754.

Eskerod, P., Huemann, M., & Savage, G. (2015). Project stakeholder management—past and present. Project Management Journal, 46(6), 6-14.

Fernandes, G., Ward, S., & Araújo, M. (2015). Improving and embedding project management practice in organisations—A qualitative study. International Journal of Project Management, 33(5), 1052-1067.

Hornstein, H. A. (2015). The integration of project management and organizational change management is now a necessity. International Journal of Project Management, 33(2), 291-298.

Joslin, R., & Müller, R. (2015). Relationships between a project management methodology and project success in different project governance contexts. International Journal of Project Management, 33(6), 1377-1392.

Kerzner, H. (2017). Project management metrics, KPIs, and dashboards: a guide to measuring and monitoring project performance. John Wiley & Sons.

Kucharska, W., & Kowalczyk, R. (2016). Trust, Collaborative Culture and Tacit Knowledge Sharing in Project Management–a Relationship Model.

Marcelino-Sádaba, S., Pérez-Ezcurdia, A., Lazcano, A. M. E., & Villanueva, P. (2014). Project risk management methodology for small firms. International journal of project management, 32(2), 327-340.

Mir, F. A., & Pinnington, A. H. (2014). Exploring the value of project management: linking project management performance and project success. International journal of project management, 32(2), 202-217.

Pollack, J., & Adler, D. (2015). Emergent trends and passing fads in project management research: A scientometric analysis of changes in the field. International Journal of Project Management, 33(1), 236-248.

Sánchez, M. A. (2015). Integrating sustainability issues into project management. Journal of Cleaner Production, 96, 319-330.

Schwalbe, K. (2015). Information technology project management. Cengage Learning.

Sears, S. K., Sears, G. A., Clough, R. H., Rounds, J. L., & Segner, R. O. (2015). Construction project management. John Wiley & Sons.

Svejvig, P., & Andersen, P. (2015). Rethinking project management: A structured literature review with a critical look at the brave new world. International Journal of Project Management, 33(2), 278-290.

Todorovi?, M. L., Petrovi?, D. ?., Mihi?, M. M., Obradovi?, V. L., & Bushuyev, S. D. (2015). Project success analysis framework: A knowledge-based approach in project management. International Journal of Project Management, 33(4), 772-783.

Too, E. G., & Weaver, P. (2014). The management of project management: A conceptual framework for project governance. International Journal of Project Management, 32(8), 1382-1394.

Order an Essay Now & Get These Features For Free:

Turnitin Report

Formatting

Title Page

Citation

Outline

Place an Order