Project Management Assignment: Browse Upstream Development Project Verification By Amec Foster Wheeler Plc

Question

Task:
Instructions for Project Management Assignment:
For this assessment, you research different methods of selecting projects and examine the initiation process. You also consider the Project Management Body of Knowledge (PMBOK) guide and, more specifically, explore the initiation documents.

Assessment: Project Selection Methods and Initiation Documents

In essay writing, use the given/approved project throughout this assessment.

Note: Master of Business Information Systems students must use an IT project as an example in this assessment.

As you have discovered in your learning resources, examine project selection methods that can be applied appropriately to the given project and processes to conduct these methods. Consider the Project Management Body of Knowledge (PMBOK) and describe the initial process group and project documents that are created or used as inputs for a new project. Your assessment should contain 1500 words.

Answer

Introduction
Amec foster wheeler plc, selected in the present context of project management assignment is a British multinational company and it is popular and project management Consultancy Company that has been catering to its customers in moiré than 50 nations. These customers functioning in the mining, oil, gas, clean energy manufacturing and environmental sections (Simonette, Magalhães & Spina, 2016). The company is located in London, UK. The company helps its customers to strategize a strong and sustainable plan for the successful project execution. The primary objective of the company is to create a strong structural base for the companies to increase the core value and also align the company goals with the project outcomes.

Amec foster wheeler plc has taken a website development project for a marketing client that will be carried out by using the PMBOK method by their project leader. The name of the project is Browse Upstream Development. The study will foreground the essential aspects of project management and clarify how the successful execution of the process will ensure value worthy outcome at the end of the project.

PMBOK knowledge areas along with Process groups
The acronym PMBOK refers to Project Management Body of Knowledge that stands for a concept of efficient project management processes. It involves a set of practices, processes, terminologies and guidelines. Several new concepts and methods have been included in the project management procedures to standardize the process. There are some basic structural phases that construct the entire process of project management (Nguyen, Chih & García de Soto, 2017). These phases are divided into ten knowledge areas. These ten phases concentrate on the individual aspects of a project. These phases are “Scope, Integration, Cost, Schedule, Quality, Risk, Resource, Procurement, Communications and Stakeholder Management”. Through the utilisation and execution of these phases, the company can easily execute the project related aspects.

Process groups on the other hand are an approving inclusion to the knowledge areas in project management. The PMBOK method includes five process groups of project management. These groups are:

Initiation: Initiation refers to the first step of a project that defines the primary requirement and documentation of the project.

Planning: It refers to the process of outlining a project. It also involves tasks and timeline of the project.

Execution: this process involves following the timeline and accomplishing the tasks.

Monitoring and controlling: monitoring is an observation period that helps to observe the task execution process and assures a proper execution of the tasks (Dumrak, Baroudi & Hadjinicolaou, 2017). Controlling refers to the guiding phase that determines successful completion of each and every task that helps to align the company goals with the project outcome.

Closing: It is the final step when the project attains the desired results and ends the project execution process.

Role, relevance and impact of aforementioned aspects on project management
The areas of knowledge functions during any process group. Usually the process groups are considered ass horizontal while the project areas are seen as vertical (Chawla et al., 2018). For executing an active management process of a project the basic technical aspect required is the knowledge areas. Knowledge areas and process groups influence the entire project management process thus can be elaborated in a descriptive manner:

During the initiation process the integration management process takes place that helps to set up the Browse Upstream Development project of Amec Foster Wheeler. It produces a plan through proper documentation to the project manager to execute the tasks properly.

Initiation part also includes scope management. This helps Amec Foster Wheeler’s web development project to obtain a task breakdown structure. This also concentrates on defining the limits and parameters of the project.

Time management is an important aspect of project management. It takes place during the task execution process (Nguyen, Chih & García de Soto, 2017). Time management area helps to regulate the changes which are required in the project timeline. This also permits the project to follow the outlined schedule effectively.

Quality, cost, procurement, communication, resources, risk and stakeholder managements take place at the stage of monitoring and controlling procedure. This assists to move the entire project in a specific direction through an effective management of the project aspects.

Code of Ethics of Project Management Institution
It is known that “Amec Foster Wheeler” is a famous consultancy, engineering project Management Company in the world. It is significant to follow an ethical code of conduct for the company for its proper growth and development. Therefore, it is vital for the management of the company to follow a proper code of conduct for its better development and profitability. The main objective of the code of conduct is to aspire the professionals to maintain proper decorum and discipline for the company (Whitaker, 2016). However, the code of ethics helps to determine the mandatory activities in the volunteer and formal jobs as well as it helps to determine the values of the company.

Basically, the main objective of the conduct is to help and manifest a person become the best practitioner as well as to cultivate credibility of the project in its management practitioner. The code of ethics in the company is determined by understanding the proper behavior of the employees in the professional perspective. Therefore, both the professional conduct and the code of ethics help the company to support its practices both jointly as well as personally. Moreover, the code of ethics also helps the company to make effective decisions in certain areas where the values or integrity of the company may be disrupted. Hence, in the context of the company Amec Foster Wheeler, the code of ethical conduct and ethics will generally act as a support for the consideration, research and the discussion of principles and ethics that will led the company to attain success.

Comparison between project management approaches in terms of recognizing their appropriateness
Amec Foster Wheeler’s Browse Upstream Development project was therefore carried out with two approaches namely the Agile approach and the PMBOK approach. However, agile is used for the development of the project as it relies hugely on partnership, teamwork as well as the flexibility to react faster to the changes (Franková, Drahosová & Balco, 2016). Therefore, agile follows repetition of processes for executing the project.

However, the Standard project management is a more developed technique for execution of the program sequentially. The sequence is being set to prepare, begin, track, execute and close the program. The technique is further followed by the conventional approach as the project management generally relies on reporting, structured methods, prioritization and planning. As per the standard approach, schedule and time of the project is adjusted as time limitations and expenditure of the project often exceeds. In comparison to the agile approach, the PMBOK is eligible and linear for managing large-scale projects. However, this approach generally relies for the approval of stakeholders and basically focuses more on the procedure of the project.

The Browse Upstream Development project of Amec Foster Wheeler is a lengthy program so here the PMBOK approach will be more effective compared to the agile approach for obtaining effective outcomes (Gonclaves et al. 2017). The PMBOK approach generally works based on estimated goals and planned tests so it will help the company to generate more outcomes, which will be helpful in the effective and fast execution of the project.

Use of appropriate tools and techniques of PMBOK
As per as the PMBOK procedure, there are basically six groups of techniques and tools that can be applied for project management. According to the demand of the project, the group can be further divided into 72 subcategories that are variable. However, the applicable techniques and techniques that can be used for managing the Browse Upstream Development project of Amec Foster Wheeler are discussed below.

The technique of Data gathering: Initially, the Browse Upstream Development project can be generally done by the brainstorming and Benchmarking techniques. The use of these techniques will be helpful in making the project unique in generating ideas as well as it will make the project innovative (Heldman, 2018). The use of these techniques will be useful for the development of the project.

The technique of data analysis: The effective implementation of the data analysis technique for the project of Amec Foster Wheeler helps in cost-benefit evaluation of the project (Vanhoucke, Coelho & Batselier, 2016). The applications of the technique of data analysis will therefore, help the project to measure the result of the project generally based on better alternate options and in terms of value.

The technique of data representation: The project of Amec Foster Wheeler can be implemented by using the probability and impact matrix as well as the work breakdown structure (Huang et al. 2016). However, the work breakdown structure allows the project to divide the task for the stakeholders and therefore, the matrixes helps in identifying the impacts and drawbacks of the project.

The decision-making technique: The Multi-criteria decision-making is the most proper and effective technique for the Browse Upstream Development project among the other different available techniques (Silvius et al. 2017). The Multi-criteria decision-making technique enables the company to make collective decisions and helps to utilize resources effectively, manage risks and manage quality.

Communication and interpersonal skills: Amec Foster Wheeler’s Browse Upstream Development project needs to adopt proper interpersonal communication skills such as leadership, group discussions, etc for the effective management of the project (Muller, 2020).

Risk Management through PMBOK
Generally, risk management consists of six key processes as per the theory of PMBOK. The processes include defining threats, preparing risk control, analysis of risks, assessing risks qualitatively, tracking risk and preparing risk responses (Qazi et al. 2016). The planning of risks phase includes utilizing proper tools and techniques, measuring the outcome, giving project inputs and creating a summary for the project. The identification of risks helps assessing the potential risks in the Amec Foster Wheeler’s project, whereas the risk analysis helps to figure out mitigation strategies against the risks in the project. Likewise, the risk response helps in applying the risk management strategies for monitoring and controlling risks. Lastly, the risk assessment summary helps in realizing the existence of threats over the outcome of the project. By using the PMBOK methodology, the risk management of the project will be executed.

Conclusion
Through the PMBOK methodology, the Amec Foster Wheeler’s Browse Upstream Development project has been verified. Therefore, the complete essay is organized according to the need of the assessment. The study of the project helps the company to manage the future and current projects generally with the PMBOK method. Consequently, the study has also evolved a effective understanding of the traditional project management technique compared to the agile method. The essay has also discussed the appropriate techniques and tools that will be helpful for the project to attain the desired result.

References
Whitaker, S. (2016). Ethics and professional conduct. In Pass the PMP® Exam (pp. 475-494). Apress, Berkeley, CA.

Gonçalves, R. Q., von Wangenheim, C. A. G., Hauck, J. C., & Zanella, A. (2017). An instructional feedback technique for teaching project management tools aligned with PMBOK. IEEE Transactions on Education, 61(2), 143-150.

Heldman, K. (2018). PMP: project management professional exam study guide. John Wiley & Sons.

Vanhoucke, M., Coelho, J., & Batselier, J. (2016). An overview of project data for integrated project management and control. Journal of Modern Project Management, 3(3), 6-21.

Huang, C., Li, Y., Change Loy, C., & Tang, X. (2016). Learning deep representation for imbalanced classification. In Proceedings of the IEEE conference on computer vision and pattern recognition (pp. 5375-5384).

Silvius, A. G., Kampinga, M., Paniagua, S., & Mooi, H. (2017). Considering sustainability in project management decision making; An investigation using Q-methodology. International Journal of Project Management, 35(6), 1133-1150.

Muller, G. (2020). Human Side: interpersonal skills.

Qazi, A., Quigley, J., Dickson, A., & Kirytopoulos, K. (2016). Project Complexity and Risk Management (ProCRiM): Towards modelling project complexity driven risk paths in construction projects. Project management assignment International journal of project management, 34(7), 1183-1198.

Nguyen, L. D., Chih, Y. Y., & García de Soto, B. (2017). Knowledge areas delivered in project management programs: exploratory study. Journal of Management in Engineering, 33(1), 04016025.

Dumrak, J., Baroudi, B., & Hadjinicolaou, N. (2017). Exploring the association between project management knowledge areas and sustainable outcomes. Procedia Engineering, 182, 157-164.

Chawla, V., Chanda, A., Angra, S., & Chawla, G. (2018). The sustainable project management: A review and future possibilities. Journal of Project Management, 3(3), 157-170.

Franková, P., Drahosová, M., & Balco, P. (2016, January). Agile Project Management Approach and its Use in Big Data Management. In ANT/SEIT (pp. 576-583).

Simonette, M. J., Magalhães, M. E., & Spina, E. (2016, April). Pmbok five process groups and essence standard: Perfect partners?. In 2016 4th International Conference in Software Engineering Research and Innovation (CONISOFT) (pp. 53-58). IEEE.