Assessment 1 Specification Individual Assessment (40%)
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 Projects
Response One
In the contemporary global economy, business entities work on different projects which include the development of services, products, and or processes. The lean approach to project management applies data-oriented techniques to control undertakings by focusing on seamlessly improving processes (Hajmohammad et al., 2013). The continuous improvement approach stems from the lean theoretical provisions that emphasise data analysis, quality, empowered cross-functional work teams, waste elimination, and value addition for the customers. Lean project management approaches are effective when applied to complex undertakings influenced by resource and cost constraints (Fullerton, Kennedy & Widener, 2014). For this project, there is a deep reference to the Project Management Body of Knowledge (PMBOK), in the analysis of the case in question involving the development of a dream home in West Australia. The PMBOK concept will inform the choice of the appropriate suburb, decision regarding size of land to be procured, choice of the best builder for the dream home, as well as the identification of key stakeholders as far as the project is concerned. The body of knowledge will also be referred to when discussing the factors influencing the design and layout of the dream home while the final section will discuss lean project management in reference to this undertaking.
- Choosing a suburb
Developing a dream home is among a majority of people’s lifetime goals and objectives. For this reason; it is a project that consumes an individual’s energy, finances, and mental attachment. The suburb in which the dream home is settled is among the key decisions that developers have to make (Nassereddine et al., 2018). Referring to PMBOK,………………………………..To access the rest of the solution for $10, please click on the purchase button.
