Project Management

ASSIGNMENT TITLE:

Project Management Plan

1st June 2019 onward for the next 52 years

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Project Management

Table of Contents
Project Name ..................................................................................................................................................... 3
Introduction ....................................................................................................................................................... 3
Project schedule ................................................................................................................................................ 5
Scheduling activities ...................................................................................................................................... 6
Project cost ........................................................................................................................................................ 7
Planning ......................................................................................................................................................... 7
Cost estimation.............................................................................................................................................. 8
Analogous: ................................................................................................................................................. 8
Bottom-up: ................................................................................................................................................ 8
Modelling: .................................................................................................................................................. 8
Budgeting....................................................................................................................................................... 8
Project risk ......................................................................................................................................................... 8
Planning risk management ............................................................................................................................ 9
Risk identification .............................................................................................................................................. 9
Risk analysis ................................................................................................................................................... 9
Sample Probability/Impact Matrix ................................................................................................................ 9
Project deliverables ......................................................................................................................................... 10
Project milestones ........................................................................................................................................... 10
Work performance data .............................................................................................................................. 11
Project charter ................................................................................................................................................ 12
Contents of project charter ......................................................................................................................... 12
Project Charter of the project ..................................................................................................................... 13
Critical Conclusion ........................................................................................................................................... 16
Recommendations........................................................................................................................................... 17
References ....................................................................................................................................................... 20

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Project Management

Project Name
52 years planning of life

Name Obaid Ali

Date of birth 05 May 1991

Status Single

Degree program MBA 1.5

Introduction
People live in different lifestyles according to their own choices or circumstances of life.

Some people easily live a happy life with fewer worries and more joys. Some live simple or

hardly live a life with a smaller number of happiness and facing many difficult situations.

There is a need for planning of life duration in the world. This project is based on describing

the well and professional way of planning the life of an individual. The average rate of life is

50, this project is also based on 52 years duration of life. This is the detailed guidance or

setup for living life from 1st June 2019 onward for the next 52 years and how it is be properly

planned on every stage of life from beginning to expiry of life. In other words, what should a

man plan or do from the most encouraging stage of life like young, mature and at old age to

successfully life and achieve the aims of the purpose of life? What a man will sacrifice or

attain at every stage of life as life s the name of giving and receiving something maybe to

other persons or certain situations. When a person effectively builds a life and implement

this plan his or her life then it yields more desired results and user-friendly life. Then people

will not create problems or become causes of problems but influencing and encouraging

others from their balanced life.

Swot analysis

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Basically consists of internal and external analysis of something. Here are two types of

analysis are performed as internal consistency of strengths and weaknesses whereas

external consists of opportunities and threats.

Strengths

o Highly qualified

o Good communication and learning skills

o Confident, patient and emotionally stable

o Team member spirit

o Quickly learn and develops logics for understanding things

Weaknesses

o Weak speaking skills

o Distraction

o Poor education background

o Try to follow shortcuts and avid long planning and processes

o Not so creative

Opportunities

o Take information from known persons from university and neighbors

o can contact teachers for effective knowledge about the topic

o social relations through my friends

Threats

o Unstable circumstances in the environment and current affairs in the country

o Less number of jobs or opportunities sources

o Habit to avoid planning and leading

o Other person influence

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Project schedule
Project schedule consists of the process needed to check or identify that project is

completing on the required or settled time. In other words, ensuring that the project is

completed on the right time of its completion without any delay. Usually, projects consist of

these points

Task Planning process Output

Project schedule Planning for scheduling Schedule management

plan

Defining activities o List of activities

o Attributors to

activities

o Milestones

o Change

o Updates of

Management plan

Sequence or o Schedule networks

arrangement of activities diagram

o Updates of project

document

Estimations of time o Each activity

Consumption on duration estimation

activities o Estimations basis

o Document updates

Developing a plan o Baseline

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o Project schedule

o Data for scheduling

o Calendar

o Project plan

updates

o Project document

updates

The project schedule for the 52 years life is described as now this person is a young stage

of his life. So for planning activities on this stage for his existing stage of life is needing to

be designed. He has some activities at this stage gives as

Scheduling activities
Life Stages Durations Completion (rightly)

Start to finish

Qualification Degree program of 1.5 From mid-2018 to 2019

years

Job searching & acquired This activity usually 2020 to 2022

involves one or two years

Marriage Normally after one and a Start from 2022 to mid of

half or two years of job 2023 or 2024

Children Four years= After one year Start from 2024 and goes

of marriage and the next Up to 2028

three years for further birth

of three children

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Children care To raise them up and From 2028 to 2052

approximately to young approximately

stage twenty or twenty-five

years

Old age Leave the job and stayed at From 2052 to 2069

home up to fifty years of life

relying on collected money

or children

End of life or life expiry date Last two ears fighting with 2069 to 2071

diseases

Project cost
Cost management for a project is that ensuring whether the project is completing or

finishing in the settled or allocated budget. There should be highly concerns of caring

about over budgeting or under budgeting about the project’ activities. There are three

steps involved in cost management as planning, estimating, and budget determination.

Planning
This concept tells about how to set the cost for the activities of the project. These costs

may be as

o Measurement units like studying, work search, marriage expenses, caring children.

Currency used, assumptions for circumstances changes or rise in prices

o Setting cost used on each activity like how an individual person use cost for his

activities

o Accuracy in cost measurement, in this case, it will be a margin of +/-10%

o Performance measurement standards or rules such as how the prices set on each

activity is based on earning and job nature

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o How many times the cost is measured for the activities of life

o Other costs maybe consist of shortcuts or alternative choices for updating the

lifestyle of the family

Cost estimation
Cost estimations are needed approximately at all stages of the project and these

estimations of costs are proceeded according to time passage. For this, there is a need for

meeting old and expert people to take initiatives spending on each activity of the life cycle.

Analogous: use the actual cost of previously established projects as for the effective and

expert way of estimation. In this project, this tool is used as the cost involved from

education to the last two years of the life of Obaid Ali. This cost is based on the previous

cost utilized by people on these activities of life.

Bottom-up: estimate the cost of individual activity and sum them to getting the total cost of

the project. So, what it will be consumed on education (fee), searching job expense,

marriage, and family care charges, children care, old-time and health issues expense.

Modeling: a mathematical model to estimate the costs. An average estimation of costs for

the activities of life.

Budgeting
This process involves the allocation of cost to complete a certain project in proper time.

This cost may be estimated on average consumption cost on life activities. Many types of

research have given this data which can be used for this project.

Project risk
Risk is defined as uncertainty that can have a negative or positive effect on meeting

project objectives. Note that some people only view risks as negative (threats) and call
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positive risks opportunities. The main planning processes performed as part of project risk

management are planning risk management, identifying risks, performing a qualitative risk

analysis, performing quantitative risk analysis and planning risk responses.

Planning risk management

The first method in coming up with for risk management is termed arrange risk management,

and its main output could be a risk management arrange. Risk management arranges

documents the procedures for managing risk throughout the lifetime of a project. In this

project, it is a cause by the environment to fulfill the project, or maybe contains low or limited

personal things to set the project.

Risk identification
Risk events talk over with specific, unsure events which will occur to the hurt or sweetening

of the project. for instance, in this project negative risk events would possibly embrace the

performance failure of activities created as a part of a project, delays in finishing work as

scheduled, will increase incalculable prices, provider shortages, family and environment

proceeding against the project.

Risk analysis
After distinctive risks, it's vital to gauge risks to see which of them need the foremost

attention. Qualitative risk analysis typically ends up in prioritizing risks as high, medium, or

low.

Sample Probability/Impact Matrix

High 9. children do not 5. Two 1. Delay

support in old age children 2. Low income

10. less saving effectively

cared for

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and others

or not

3. Not fully

cared for all

Medium children

4. Health

damaged

before the

given

duration

8. Job gives a
Low
6. Circumstances low salary

7. Personal

interests

Low Medium High

Project deliverables
Project deliverables are the most significant results of the project. Deliverable is the product

or service which is created by the project as a part of it. It includes items related to product

and process. Here, in this case, the main aim of establishing a project plan for an individual

person’ life is to effectively live a life with more comfort and sure. This project will result in a

more accurate way of spending life in these types of circumstances in the world.

Project milestones
This task is usually done by a project manager in the organization. This task is stated as

collection, assessment, and communication of what is achieved or what quality level is

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achieved in this project. This identifies the performance and relates or communicate with

other members for better accomplishing further tasks.

Work performance data

This task contains an effective way to conclude the whole performance in more

professional representation of the performance of the project. Moreover, the milestone is

of a high-value factor for completing other tasks and identifying the more quality

demanded activity in their project.

Milestones Date Condition Responsible Issues

Education for 06/19 Completed Parents and University,

good job post university inheritance

Searching for 02/21 Completed Individual Business or

job companies’

situations in the

country

Children care 02/25 In process Husband and Not suitable

wife both circumstances

in the country

Well earning to 05/50 In process Circumstances, Consuming,

support the family living products use

family style and job firing or

low growth in

career

Disease Cure 03/69 In process Individual Earning,

(Obaid Ali) children

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Project Management
attention on

father and

hospital

availability

Project charter
A project charter is described as a formally organized document that determines the need

for the project and delivers the summary of the aims of project and management. It gives

permission to the project manager for the use of organizational resources to accomplish

the project.

Contents of the project charter

Contents of project charter vary with the nature and demand of projects. Generally, a

project has the following key points information,

 Title of the project and date of approval

Project Name: 52 years planning of life

Name Obaid Ali

Date of birth 05 May 1991

Status Single

Degree program MBA 1.5

Project duration 1st June 2019 onward for the next 52

years

 Name of the project manager and his personal information

Project Manager: Mr. Ayan Hafeez

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Contact: +92340 0494885

Mail: ayan194@gmail.com

City: Lahore

Organization/University: University of Lahore

 Summary of schedule or timeline consist of start and finishing time of the project, a

summary of the milestone schedule can also be included if available

This project will be covered in 52 years as it starts from 1st June 2019 and ends on 1st May

2071. This will be the whole life duration of Obaid Ali. The period of life starts from Obaid’s

education stage and goes on to the last two years struggling for life by fighting with

diseases. Then the timeline for his many stages of life is given as

Time line 2019 end 2019-2021 2023 Approx. 20 2045-2069 2069-2071

years up to

2044

Life Education Struggle Marriage Children Old age Fight with

stages for job care diseases

Project Charter of the project

Project title: 52 years planning of life

Start time: 1st June 2019 Finish time: 1st May 2071

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Budget Information: the estimated budget for spending this life infinite time based on

situational factors. In which one-third of the cost is utilized on education, developing a

career and moving to the marriage ceremony.

Project Manager: Mr. Ayan Hafeez, contacts +92340 0494885, ayan194@gmail.com

Lahore, University of Lahore

Project objective: to develop an effective life pattern for an individual to live a perfect

life. Planning of life

Success criteria: This project will be more towards the success if it reduces the cost

or duration of life stages, cozy involved in completing all tasks are of high length. If an

individual regularly follows this designed project it will give more results, meet the

supposed objectives for the project.

Approach:

o Research current affairs and circumstances of life that are faced by people

whether they are rich or poor, after researching find better alternatives for life

activities at each stage

o Try to reduce all lengthy durations in life stages for quickly and easily

accomplishing of goals, take guidance from older and experts’ people

o Develop ways to check the performance of each stage its impact on further

activities may be on an annual basis or monthly basis

o Create new ways or creative ways of improving current life status to achieve

project approach

o Try to follow the experts in all procedures of life project whether implementation

or planning or performance checking process

o Take benefits from opportunities like scholarships, lucky draws, and the lucky

number for support the life through earning Take advantage of new

training

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Names Role Position

Mr. Ayan Hafeez Project manager Student

Mr. Asif Mir Advisor Expert

Mr. Riaz Ahmed Consultant Experienced citizen

Sir Tahir Ejaz Consultant Old aged

Sir Rahim Tariq Data provider IT teacher

Sir Yasir Ali Guidance for TQM professor

arranging data

Sir Adil Rizvi Research analysis Researcher

Mr. Waqas Information helper Neighbour

Mr. Shahbaz Guidance Neighbour

Mr. Mubashir Checking the Uncle

progress of my
views

Mr. Zain Ali Helper Friend

Mr. Zeshan Helper Friend

Mr. Ehsan Ali Helper Friend

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Critical Conclusion
After completing and analyzing this project, it is easy to say that the project will provide

positive chances for best life spending pattern. As with any other area, the project

management of practitioners, if practitioners do not try to learn how to live successful or

balanced life then it is not comfortable in life, who try to do without project management

theory should rely on luck, intuition or experience. Project management that seriously tries

to put management theory into practice is more important for increasing productivities life of

an individual than to the generic way of living a life without any goal or planning in life.

At this point, you have read or listened a lot about spending or living a piece of effective life

information in this environment. The value of your reading time should be assessed since

you know more at that time when you have covered the following topics. Developing a

project plan is the technique to guide the person to live living way. Artifacts and interviews

with other experts and people are sources of information for crafting and implementing these

project steps in the life of an individual. Plan information gathering to improve credibility. The

materials presented here are designed to help you build confidence in your ability to keep

up the balance to deal with the issues in distinct situations of life and how it is a more

effective way will be created. In other words, you should feel a little bit safer at this point

(though maybe not significant). Mastery of project management planning and

implementation requires a lot of time and effort. At least now that you have started your

journey, you should find other, much more accessible materials, whether in classrooms,

dining rooms, research journals, conferences or discussion lists. Finally, let me say that

project management cannot be learned simply by reading. It's something you learn by doing

it. And when you do it is the platform to update and set the life pattern for you in the world.

Don’t try to be all things to all or any individuals. specialize in your strengths and source the

others. If you’re not a whiz at accounts or graphic style, source them rather than a dalliance.

When personal problems arise, it is tempting to bury yourself in your work. Don’t sleep with

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If you don’t build time for your personal life. Set work hours for yourself and do everything in

your power to stay to them. Otherwise, before you recognize it, you’ll be operating till hour

nightly. Whether you're employed for yourself or not, it’s necessary to feel assured

concerning your finances. to try and do this, you wish to urge some accounting computer

code in situ and use it from day one. Cash flow is one of the most important challenges

facing little businesses. you ought to begin victimization accounting tools, so you recognize

what’s occurring, financially, from day dot.

Recommendations
o Create a timeline of your activities. Specific pc programs will facilitate with this,

otherwise, you will customize your own surpass program or Word table. Put dates

across the highest and activities down the aspect. Break every task into parts.

o Working for yourself will tend to need long hours and not abundant period, therefore

invest in instrumentality that may support you. That includes obtaining a cushty chair,

AN applied science keyboard, support indicates your laptop computer, etc. An applied

science assessment of your space is valuing each cent.

o Invest in time-tracking tools. There are lots of tools you'll use to trace everything from

the frequency and period of conferences to chasing and changing leads. Time-

tracking computer code permits you to quickly build AN understanding of however

long a specific task takes.

o Don’t forever conform to meet a shopper at their workplace. Instead, meet halfway,

maybe at a restaurant or restaurant. this may prevent time and energy, to not mention

cash spent on travel.

o When worry or timidity or anxiety creeps in, do some work on your mental state like

meditation or reading a business book. Alternatively, pay time with somebody World

Health Organization can elevate you up and support you. Remember to require outing

throughout your day

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Project Management
o Some tasks are easier than others, therefore if you discover yourself with AN hour up

your sleeve, be realistic concerning whether you'll “afford” to rest or not.

o Also, build a degree of obtaining up and stretching each quarter-hour. it'll facilitate

your become clearer, additional targeted and more productive.

o Make time for a vacation and book in breaks, a minimum of quarterly. Even an

extended weekend quarterly is healthier than nothing.

o Prioritize growing your network and have a structured lead/conversion system in situ,

therefore, you'll track the time/cost concerned to grow your network. Set the

benchmarks ahead of time and learn the teachings early.

o Make time for one thing you like – apart from work – and provides it the time it

deserves. it'll energize and refresh you and change you to nurture the inventive

thought that's essential to each business owner.

o At the tip of every operating day, perform a bit self-analysis. raise yourself what

worked these days, what didn’t, what went wrong and the way the problem is

fastened. Remember there are thousands of companies a bit like yours learning the

identical lessons daily. Don’t forget to faucet into the dear resources around you –

your peers – to facilitate.

o Prioritize it slow

o You may have a hoo-hah list with fifty tasks on that, therefore you wish to rank those

tasks into four classes.

 Urgent and necessary

 Important however not imperative

 Urgent however not necessary

 Neither imperative nor necessary.

If you are, assign robust, high-concentration tasks to the mornings. Don’t leave the robust

tasks till it’s getting dark and the other way around.
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Project Management
o Whether you're employed for yourself or not, it’s necessary to feel assured

concerning your finances. to try and do this, you wish to urge some accounting

computer code in situ and use it from day one.

o Cash flow is one of the most important challenges facing little businesses. you ought

to begin victimization accounting tools so you recognize what’s occurring, financially,

from day dot.

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Project Management

References
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Fleming, Q. W. & Koppelman, J. M., 2000. , Earned value project management, Newton Square, PA: , s.l.:
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HUNKELER, D. & REBITZER, G., 2005. The future of life cycle assessment. Int. J. Life Cycle Assess.. 10(5), p.
305.

LABUSCHAGNE, C. & BRENT, A. C., 2006. Social indicators for sustainable project and technology life cycle
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MCCONVILLE, J. R., 2006. Applying life cycle thinking to international water and sanitation projects: An
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Milosevic, D. & Inman, L., 2001. ImpactofProjectManagementStandardizationonProject Effectiveness’.

Engineering Management Journal, 13(4), p. 9–16...

Milosevic, D. Z., 2003. Project Management toolbox, New York, NY:: John Wiley and Sons.

Newell, M. W., 2002. Preparing for the Project Management Professional (PM) Certification Exam, New
York: AMACOM.

PMI, 2008. A Guide to the Project Management Body of Knowledge, Newtown Square, PA, s.l.: Project
Management Institute.

Raz, T. & Michael, E., 2001. ‘Use and Benefits of Tools for Project Risk Management’. International Journal
of Project Management, Volume 19, p. 9–17.

Winter, M. & Andersen, E. S., 2006. ‘Focusing on business projects as an area for future research: An
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