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Assignment On Aviation Project Management

The document provides guidelines for prioritizing resource allocation for projects over time. It recommends: 1) Understanding each project and available resources; 2) Identifying risks early to enable flexible reassignment; 3) Closely monitoring project progress and resource utilization; 4) Analyzing past project data to improve future planning.

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gayathri
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225 views

Assignment On Aviation Project Management

The document provides guidelines for prioritizing resource allocation for projects over time. It recommends: 1) Understanding each project and available resources; 2) Identifying risks early to enable flexible reassignment; 3) Closely monitoring project progress and resource utilization; 4) Analyzing past project data to improve future planning.

Uploaded by

gayathri
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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ASSIGNMENT ON

AVIATION PROJECT MANAGEMENT


Q.1 A checklist of best practices for cost management of projects.
Checklists:

Checklists are a good way of ensuring that no important task or cost item is forgotten
whether a new project is being evaluated or a routine operation is taking place.
Contractors who have amassed a great deal of experience in their particular field of
project operation will learn the questions that must be asked to fill most of the information
gaps and they can develop comprehensive checklists for use in future project cost
estimates and proposals.
A. Estimating business rule: project scoping
1. Estimate based on appropriate scoping for the stage of development
project objectives
performance requirements,
project definition,
scope
2. Factors influencing the estimate has been considered during the project scoping process
complete item omission,
incorrect item/quantity,
inappropriate item,
unapproved variation,
government and approval requirements
3. Customer agreement with the preferred solution
4. Site visit has been undertaken and Site Visit Risk Checklist completed
5. Consultation has been undertaken with key internal and external stakeholders, as to potential
impacts of the project scope

B. Estimating business rule: estimate preparation and presentation


1. Estimate developments has been based on the current version
2. Appropriate estimating method has been used for the project type/stage and approved by the
Project Manager
3. Estimate the presentation compatible with documentation
4. Estimate broken into appropriate project estimate structure components

C. Estimating business Rule: pricing


1. Estimate the benchmarked against district benchmarking data
2. Work method studies has been considered during the estimate development
Constructability,
traffic management,
haul quantities and distances,
borrow and spoil requirements,
construction methodology,
site conditions
3. The principal costs calculations
4. Do the principal’s costs include all the components?
project management,
principal’s obligations,
resumptions,
principal supplied materials,
5. Have historic rates has been used to prepare the estimate?
D. Estimating business rule: risk
1. Has the appropriate risk assessment approach used?
2. Has an appropriate risk assessment technique been used?
3. Has the risk management process followed the Risk Management Process chart?

E. Estimating business Rule: contingency


1. Have the financial allowances made against risks and their treatment used to determine the
appropriate contingency allowance?
2. Is the project contingency allowance within contingency range for this stage?
3. Have all the escalation components taken into account while determining escalation for
projects?

G. Estimating business rules: review and approvals


1. Has an estimate reality check performed by the project manager prior to peer review?
2. Has a peer review undertaken?
3. Is there written evidence of the reviewer’s feedback?
4. Has that feedback been actioned to the reviewer’s satisfaction?
5. Has the estimator/reviewer(s) signed-off the Project Cost Estimate (Summary) and (Approval)
forms?

H. Estimating business rules: programming and cost planning


1. Has the Project Cost Management Process been completed and peer reviewed for this project
phase?
2. Has cost control been regularly undertaken to inform project plan variances (if required)?

Q.2 A format of responsibility matrix


Q.3 Priority rules for allocating resources (human resources) for
projects along the timeline of projects
In project management, resource allocation or resource management is the scheduling
of activities and the resources required by those activities while taking into
consideration both the resource availability and the project time.
Resource allocation part art, part science as some call it is recognizing the best
available resources for the project, assigning them to your team and monitoring their
workload throughout the work, and re-assigning resources if needed.

a. Know the project and the team


Only knowing the scope and resources available at your company, you can properly
assign team members to your project. Start by creating a high-level plan of the
project, consisting of its requirements and deliverables. Then, as
you know exactly whom you will need to complete the project, you can use a skills
matrix to discover which employees at your company to involve.

b. Uncover risks early on


We’ve talked about it a bit in the challenges section. As a project manager you are
well aware of risks like client reviews, delays, personal emergencies, competing
projects, etc. They interfere with allocation of resources, too.
Once one of the above-mentioned challenges occur, you need to adjust your
bookings. Having a high-level overview of resources at your organization will help
you find other resources more quickly, re-allocate resources, extend or cut existing
bookings, or even delete some if needed.

c. Keep the track of the project


Remember how resource allocation is about improving the effectiveness of your
team’s utility? Now is the time to check how your team is doing. You can do it by
measuring resource utilization.

d. Analyse the project


Using the data, you’d gathered during past projects will give you a huge advantage.
Based on that data, you will be able to better plan and manage your future projects.
Having a tool with custom reports helps a lot, as you can then organize that data to
calculate different metrics, like employee payroll or sales KPIs.

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