Assessment 1
Introduction
You have taken up a new job in Perth, Western Australia. Both your partner and you are very keen on wanting to build your own home. You come across the Keystart initiative (https://www.keystart.com.au/) by the government of Western Australia and have found out that you and your partner are eligible to apply. You have decided to submit an application, but will have to do the following:
• Identify the suburb you want to build and decide the land size you want to buy (this will depend on the budget you are willing to spend on the land)
• Research the market and identify potential home builders who will construct your dream home.
• Finalise the layout /design and agree on the cost to build the house with the chosen builder
• Enter into a deal
o Sign a land contract with the land developer – you will need to pay a deposit of AUD$2000
o Sign a Pre-Work Construction (PWC) contract with the builder – you need to pay a deposit of AUD$2000
(in both contracts you have inserted the following clause: Deposit to be returned to client (in full) in the event of failure to obtain finance approval).
• Finally, you are now ready to submit an application to Keystart (can be done through the builder) to obtain finance to build your dream home.
The above activities can be efficiently managed through key project management processes. Where possible, you can also aim to implement lean project management principles to successfully manage the above activities.
This assessment is to be done INDIVIDUALLY.
Your tasks:
Answer the following questions:
1. Select and explain the project management processes (either from PMBOK or PRINCE2 or a combination of any best practices you have learned in this unit) that can help you:
a. Choose the suburb and decide the land size
b. Chose the best builder
c. Identify the stakeholders for the project
2. What are the factors that will influence the design and layout of your dream home? Explain the project management processes you used to determine the design/layout.
3. Explain how you would implement lean best practices to achieve lean project management for (1) and (2) above.
Solution
Lean Project Management
Question one
Project management processes are instrumental in the determination of the final results that are achieved. They involve the direction that the project team assumes in the attempts to accomplish all the set milestones within the provided time (Mir & Pinnington, 2014). Success in project management is achieved where the managers pursue the desired results through the efforts of other people. In this respect, different processes have to be followed. In this case, choosing the suburb and determining the land size will involve different processes from selecting the best builder and identifying the stakeholders who are interested in the execution of this project.
- Choosing the suburb and deciding the land size
In choosing an appropriate suburb and determining the suitable size of land, it will be vital to apply the project cost management process. It will involve the activities of planning, budgeting, funding, and managing expenditure so that the project is implemented within the provided budgetary allocation (Willing & Pojani, 2017). In different suburbs, land costs are unique depending on the value and availability of infrastructural development and social amenities. Areas that are highly developed and equipped with…………………………….To access the rest of the solution$10, please click on the purchase button.
