1. Budget Plan for Repairing of Tanks
In this report, the case study that is taken depicts the case of a multinational oil company situated in Australia. This company has many storage facilities. This oil company has tank farms in all the states of Australia which supplies fuels to the local domestic markets. But as per the case study, the company is facing loss because of the leakage system in the tanks that stores oil. There are three big tanks which stores oil for the country. The biggest of the three tanks is 50 year old and is in a very bad condition. There are many leakage in the tanks which leads to oil spread in the soil of the ground. For this, the company pays a huge amount of money to the environment sector. This leads the company in financial loss. So, the officials of the company decided to repair the tanks and planned to make repairing budget for the tanks. This report contains the detailed planned budget for repairing the tanks and the resource that are needed for repairing the tanks are also detailed in this report.
|
Task Name |
Resource Names |
Cost |
|
Repairing Tank Leakage and Tank Painting |
$523,500.00 |
|
|
Project Plan |
$40,800.00 |
|
|
Visit the Site of the oil company |
Contractors, Project Head, Team Supervisor |
$12,000.00 |
|
Identify the Scope of the Project |
Project Head |
$4,800.00 |
|
Analyzing all the Processes |
Project Head, Team Supervisor |
$12,000.00 |
|
Preparing for all Processes |
Contractors, Project Head, Team Supervisor |
$12,000.00 |
|
Documenting the Issue |
Project Head |
$0.00 |
|
Preparing the Project |
$62,000.00 |
|
|
Introduction of the Problem Identified |
Budget Manager, Project Head, Team Supervisor |
$6,000.00 |
|
Meeting held with all officials associated |
Budget Manager, Project Head, Team Supervisor, Contractors |
$16,000.00 |
|
Allocating the Required number of Labors |
Contractors, Workers, Team Supervisor |
$16,800.00 |
|
Discussing the Identified Problem with the Labors |
Contractors, Workers, Team Supervisor |
$16,800.00 |
|
Dividing the work among the labors |
Workers, Team Supervisor |
$6,400.00 |
|
Finalizing the Project |
Contractors, Budget Manager, Workers, Project Head, Team Supervisor |
$0.00 |
|
Project Execution Phase |
$115,500.00 |
|
|
Site Clearing for Starting the Work |
Cleaning Materials[1], Workers, Team Supervisor |
$27,400.00 |
|
Framework Preparing for Starting the Repairing Work |
Contractors, Team Supervisor |
$10,800.00 |
|
Identify the Leakage on Tank1 |
Workers, Team Supervisor, Repairing Materials[1] |
$14,300.00 |
|
Anchor Implementation on Tank1 for starting the work |
Anchors [1], Workers, Team Supervisor |
$13,600.00 |
|
Identify the Leakage on Tank2 |
Workers, Team Supervisor, Repairing Materials[1] |
$14,300.00 |
|
Anchor Implementation on Tank2 for starting the work |
Anchors [1], Workers, Team Supervisor |
$13,600.00 |
|
Identify the Leakage on Tank 3 |
Workers, Team Supervisor, Repairing Materials[1] |
$14,300.00 |
|
Anchor Implementation on Tank 3 for starting the work |
Anchors [1], Workers, Team Supervisor |
$7,200.00 |
|
Starting the Work on Tank 1 |
$87,000.00 |
|
|
Closing the Leakages |
Cement[1], Workers, Team Supervisor, Repairing Materials[1] |
$21,700.00 |
|
Pipe Clearing |
Cleaning Materials[1], Workers, Cleaning Machines[1], Team Supervisor |
$22,500.00 |
|
Final Cleaning of Pipes and Tanks |
Cleaning Materials[1], Workers, Cleaning Machines[1], Team Supervisor, Repairing Materials[1] |
$17,600.00 |
|
Coloring the Tank |
Cleaning Materials[1], Workers, Cleaning Machines[1], Team Supervisor, Repairing Materials[1], Paint[1] |
$25,200.00 |
|
Starting the Work on Tank 2 |
$66,300.00 |
|
|
Closing the Leakages |
Cement[1], Workers, Team Supervisor, Repairing Materials[1] |
$15,300.00 |
|
Pipe Clearing |
Cleaning Materials[1], Workers, Cleaning Machines[1], Team Supervisor, Repairing Materials[1] |
$24,000.00 |
|
Final Cleaning of Pipes and Tanks |
Cleaning Materials[1], Workers, Cleaning Machines[1], Team Supervisor |
$9,700.00 |
|
Coloring the Tank |
Cleaning Materials[1], Workers, Cleaning Machines[1], Team Supervisor, Paint[1] |
$17,300.00 |
|
Starting the Work on Tank 3 |
$43,800.00 |
|
|
Closing the Leakages |
Cement[1], Workers, Team Supervisor, Repairing Materials[1] |
$8,900.00 |
|
Pipe Clearing |
Cleaning Materials[1], Workers, Cleaning Machines[1], Team Supervisor, Repairing Materials[1] |
$17,600.00 |
|
Final Cleaning of Pipes and Tanks |
Cleaning Materials[0], Workers, Cleaning Machines[0], Team Supervisor |
$0.00 |
|
Coloring the Tank |
Cleaning Materials[1], Workers, Cleaning Machines[1], Team Supervisor, Paint[1] |
$17,300.00 |
|
Monitoring the Project |
$52,100.00 |
|
|
Monitor whether all Leakages are closed properly or not |
Contractors, Budget Manager, Team Supervisor |
$16,800.00 |
|
Inspecting the Work Done |
Contractors, Budget Manager, Team Supervisor |
$11,200.00 |
|
Cleaning Site after doing the Repairing |
Cleaning Materials[1], Contractors, Budget Manager, Workers, Cleaning Machines[1], Team Supervisor |
$24,100.00 |
|
Final Closing of the Project |
$56,000.00 |
|
|
Reviewing the Project |
Contractors, Budget Manager, Project Head, Team Supervisor |
$16,000.00 |
|
Project Appraisal |
Contractors, Budget Manager, Project Head, Team Supervisor |
$16,000.00 |
|
Clearing of the Wages |
Contractors, Budget Manager, Project Head, Team Supervisor |
$8,000.00 |
|
Signing Off from the Stakeholders |
Contractors, Budget Manager, Project Head, Team Supervisor |
$16,000.00 |
|
Project Closure |
Contractors, Budget Manager, Project Head, Team Supervisor |
$0.00 |
Table 1: Budget Schedule for Repairing the Tanks
(Source: Created by author using MS Project)
The above table states the budget plan of the tank repairing system. The budget table states the name of all the tasks that will be needed to complete the project. There are resource name as well as cost of the completing the project plan successfully. The resources that will be needed for completing the budget successfully are Contractors, Budget Manager, Project Head, Team Supervisor, Cleaning Materials, Workers, Cleaning Machines, Paint, Cement and Repairing Materials. There are material type of resource as well as work type of resource in the budget plan and the cost is considered as per hour rate.
|
Task Name |
Duration |
Start |
Finish |
|
Repairing Tank Leakage and Tank Painting |
73 days |
Mon 9/10/18 |
Wed 12/19/18 |
|
Project Plan |
9 days |
Mon 9/10/18 |
Thu 9/20/18 |
|
Visit the Site of the oil company |
2 days |
Mon 9/10/18 |
Tue 9/11/18 |
|
Identify the Scope of the Project |
2 days |
Wed 9/12/18 |
Thu 9/13/18 |
|
Analyzing all the Processes |
3 days |
Fri 9/14/18 |
Tue 9/18/18 |
|
Preparing for all Processes |
2 days |
Wed 9/19/18 |
Thu 9/20/18 |
|
Documenting the Issue |
0 days |
Thu 9/20/18 |
Thu 9/20/18 |
|
Preparing the Project |
8 days |
Fri 9/21/18 |
Tue 10/2/18 |
|
Introduction of the Problem Identified |
1 day |
Fri 9/21/18 |
Fri 9/21/18 |
|
Meeting held with all officials associated |
2 days |
Mon 9/24/18 |
Tue 9/25/18 |
|
Allocating the Required number of Labors |
2 days |
Wed 9/26/18 |
Thu 9/27/18 |
|
Discussing the Identified Problem with the Labors |
2 days |
Fri 9/28/18 |
Mon 10/1/18 |
|
Dividing the work among the labors |
1 day |
Tue 10/2/18 |
Tue 10/2/18 |
|
Finalizing the Project |
0 days |
Tue 10/2/18 |
Tue 10/2/18 |
|
Project Execution Phase |
18 days |
Wed 10/3/18 |
Fri 10/26/18 |
|
Site Clearing for Starting the Work |
4 days |
Wed 10/3/18 |
Mon 10/8/18 |
|
Framework Preparing for Starting the Repairing Work |
3 days |
Tue 10/9/18 |
Thu 10/11/18 |
|
Identify the Leakage on Tank1 |
2 days |
Fri 10/12/18 |
Mon 10/15/18 |
|
Anchor Implementation on Tank1 for starting the work |
2 days |
Tue 10/16/18 |
Wed 10/17/18 |
|
Identify the Leakage on Tank2 |
2 days |
Thu 10/18/18 |
Fri 10/19/18 |
|
Anchor Implementation on Tank2 for starting the work |
2 days |
Mon 10/22/18 |
Tue 10/23/18 |
|
Identify the Leakage on Tank 3 |
2 days |
Wed 10/24/18 |
Thu 10/25/18 |
|
Anchor Implementation on Tank 3 for starting the work |
1 day |
Fri 10/26/18 |
Fri 10/26/18 |
|
Starting the Work on Tank 1 |
11 days |
Mon 10/29/18 |
Mon 11/12/18 |
|
Closing the Leakages |
3 days |
Mon 10/29/18 |
Wed 10/31/18 |
|
Pipe Clearing |
3 days |
Thu 11/1/18 |
Mon 11/5/18 |
|
Final Cleaning of Pipes and Tanks |
2 days |
Tue 11/6/18 |
Wed 11/7/18 |
|
Coloring the Tank |
3 days |
Thu 11/8/18 |
Mon 11/12/18 |
|
Starting the Work on Tank 2 |
8 days |
Tue 11/13/18 |
Thu 11/22/18 |
|
Closing the Leakages |
2 days |
Tue 11/13/18 |
Wed 11/14/18 |
|
Pipe Clearing |
3 days |
Thu 11/15/18 |
Mon 11/19/18 |
|
Final Cleaning of Pipes and Tanks |
1 day |
Tue 11/20/18 |
Tue 11/20/18 |
|
Coloring the Tank |
2 days |
Wed 11/21/18 |
Thu 11/22/18 |
|
Starting the Work on Tank 3 |
5 days |
Fri 11/23/18 |
Thu 11/29/18 |
|
Closing the Leakages |
1 day |
Fri 11/23/18 |
Fri 11/23/18 |
|
Pipe Clearing |
2 days |
Mon 11/26/18 |
Tue 11/27/18 |
|
Final Cleaning of Pipes and Tanks |
0 days |
Tue 11/27/18 |
Tue 11/27/18 |
|
Coloring the Tank |
2 days |
Wed 11/28/18 |
Thu 11/29/18 |
|
Monitoring the Project |
7 days |
Fri 11/30/18 |
Mon 12/10/18 |
|
Monitor whether all Leakages are closed properly or not |
3 days |
Fri 11/30/18 |
Tue 12/4/18 |
|
Inspecting the Work Done |
2 days |
Wed 12/5/18 |
Thu 12/6/18 |
|
Cleaning Site after doing the Repairing |
2 days |
Fri 12/7/18 |
Mon 12/10/18 |
|
Final Closing of the Project |
7 days |
Tue 12/11/18 |
Wed 12/19/18 |
|
Reviewing the Project |
2 days |
Tue 12/11/18 |
Wed 12/12/18 |
|
Project Appraisal |
2 days |
Thu 12/13/18 |
Fri 12/14/18 |
|
Clearing of the Wages |
1 day |
Mon 12/17/18 |
Mon 12/17/18 |
|
Signing Off from the Stakeholders |
2 days |
Tue 12/18/18 |
Wed 12/19/18 |
|
Project Closure |
0 days |
Wed 12/19/18 |
Wed 12/19/18 |
Table 2: Schedule for Repairing the Tank
(Source: Created by author with MS Project)
The table above details the total time that is required for completing the whole project successfully. The project as per the above schedule starts on 10th September and completes on 19th December with a total of 73 days. The Project schedule that is shown above is made with the help of MS Project. The MS Project application has many advantages compared to other schedule planning software. The dates are calculated automatically in MS Project after adjusting the number of days. All the details along with resource and dates are stated in the Gantt chart that is shown below. The best tools that can be used for making the MS Project is the application of MS Project.
The Gantt chart below shows the details of the project schedule that will help to complete the project successfully. The tasks that will be needed to complete the project planned are shown in Gantt chart. There are milestone shown in the project plan. The dates in the project that takes 0 days to complete a particular task are known as milestone of project and the milestones are shown by a symbol in the project plan.
|
Resource Name |
Type |
Material Label |
Initials |
Group |
Max. Units |
Std. Rate |
Ovt. Rate |
Cost/Use |
Accrue At |
Base Calendar |
|
Cleaning Materials |
Material |
C |
$1,800.00 |
$0.00 |
Prorated |
|||||
|
Anchors |
Material |
A |
$800.00 |
$0.00 |
Prorated |
|||||
|
Repairing Materials |
Material |
R |
$1,500.00 |
$0.00 |
Prorated |
|||||
|
Paint |
Material |
P |
$1,200.00 |
$0.00 |
Prorated |
|||||
|
Cement |
Material |
C |
$1,000.00 |
$0.00 |
Prorated |
|||||
|
Cleaning Machines |
Material |
C |
$1,500.00 |
$0.00 |
Prorated |
|||||
|
Workers |
Work |
W |
200% |
$600.00/hr |
$0.00/hr |
$0.00 |
Prorated |
Standard |
||
|
Contractors |
Work |
C |
100% |
$250.00/hr |
$0.00/hr |
$0.00 |
Prorated |
Standard |
||
|
Project Head |
Work |
P |
100% |
$300.00/hr |
$0.00/hr |
$0.00 |
Prorated |
Standard |
||
|
Budget Manager |
Work |
B |
100% |
$250.00/hr |
$0.00/hr |
$0.00 |
Prorated |
Standard |
||
|
Team Supervisor |
Work |
T |
100% |
$200.00/hr |
$0.00/hr |
$0.00 |
Prorated |
Standard |
Table 3: Resource Sheet for Repairing the Tank
(Source: Created by author in MS Project)
The resource are the work force or the materials that will be needed to complete the task. There are many resources that are needed for completing the repairing project successfully. There is resource name column in the table that states the resource that will be needed for the project completion. There is cost column in the table which states the total cost of the using the resource in cost per hour schedule. There is also a resource type column which states the type of resource that is needed to complete the task. The critical path of a project is the shortest distance between the processes or tasks which will help to complete the project plan successfully. As all predecessors of the project linear, so all the tasks are taken a critical path for completing the project.
Figure 2: Critical Path
(Source: Created by author with MS Project)
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