Report on Project management analysis

Gantt chart of Project management analysis of ecotech company

The accurate Gantt chart for the project is provided below in table 1. 

Figure 1 Gantt Chart For the Project

Slack time calculation of Project management analysis of ecotech company

Free float is the amount of time in which the project can be delayed from the early start date without having any issue in the final time of the project. in the present project, different possible activities can be delayed without having an impact on the successor activity (Kourdi, 2015). The critical path analysis provides the longest sequence for the activities in the project to be delayed and completed in the timeframe. In the project different non-critical tasks are considered and the float (free slack) calculation is provided below,

Justification for a European government offer

Considering the present situation, the European government is offering a new environmental control system for the buildings and it will be delivered in the coming days of 23^rd august 2021. The process can cut activity time to the shortest possible time (Campbel, et al., 2011) This condition is worthy for the company and the justification for the selection of the conditions are listed below,

1.      The program will deliver services that will help reduce process cost and time.

2.      The operation time is only 12 weeks that is relatively short when working with other processes.

3.      Failure in taking decisions can cause a penalty of 4 million euros.

4.      The program will increase profit as it provides a reliable control system.

5.      The program will help develop public relations for Ecotech.

Part 2 Budget calculations of Project management analysis of ecotech company

a)      In the budget calculation, several options can be considered by the Ecotech board that can assist in tackling the project. The present budget calculations are based on size project management professionals and team members. The total cost per week is estimated at 48, 000 euros (Chandra, 2011). The cost for the technical team members is supposed to be 50, 000 euros per week. The total cost for design and material is illustrated in table 2. There are two possible conditions when considering agency supplied staff from CC build resources (Pandey, 2015).

1.      In this condition, every person is required to complete four tasks and they will be hired separately. The budget is considered if new members for site testing are not hired. This will cut the cost of site testing employees in completing the budget. The cost of each person was first measured in sterling and then converted to euro for complete estimation. The current rate for the conversion is as 1 sterling = 1.14 euro. From thousands to millions it is converted and then the budget is estimated. To add new workers in the construction the rate of each worker is different (Warren, et al., 2016). The rate of foremen, technicians, and laborers in sterling are 200, 120 and 80 respectively. The construction manpower is mentioned in the table below.

Number of required manpower of Project management analysis of ecotech company

The total cost of adding new manpower of Project management analysis of ecotech company

Budget for adding hiring new manpower

Adding new manpower will increase the cost beyond the previously defined budget. Before adding new manpower, the estimated total budget of Ecotech as approximately 33 million euros but after adding new manpower it will reach as double that is approximately 64.9 euros for the whole project (Simons, 2011).

2.      Considering the above table of budget and fixed cost by task another option is to select previously existing people to work on-site testing without hiring new people. In this situation, new hiring will be done only for unit A construction, Unit B, Construction, and Unit C construction with the cost of individual foremen, technicians, and laborers in sterling as 200, 120 and 80 respectively. Before adding new manpower, the estimated total budget of Ecotech as approximately 33 million euros but after adding new manpower with previous site testing conditions it will reach approximately 59 million euros for the whole project (Spender, 2014).

Advantages and disadvantages of each approach of Project management analysis of ecotech company

Part 3 change management of Project management analysis of ecotech company
Revised budget

According to the recent changes in the project, the timing and the costs of the project have changed. These changes are included in the project schedule and project budget for the effective completion of the project (Warren, et al., 2016).

Part 4 Tracking of Project management analysis of ecotech company

The traffic light system is providing detail regarding which projects are completed and which projects are behind the schedule.

References of Project management analysis of ecotech company

Campbel, D., Edgar, D. & Stonehouse, G., 2011. Business Strategy: An Introduction. s.l. Macmillan International Higher Education.

Chandra, P., 2011. Financial Management. s.l. Tata McGraw-Hill Education.

Keathley, E., 2014. Digital Asset Management: Content Architectures, Project Management, and Creating Order out of Media Chaos. s.l. Apress.

Kourdi, J., 2015. The Economist: Business Strategy 3rd edition: A guide to effective decision-making. s.l.: Profile Books.

Pandey, I., 2015. Financial Management. s.l. Vikas Publishing House.

Simons, R., ed., 2011. Human Resource Management: Issues, Challenges, and Opportunities. s.l. CRC Press.

Spender, J.-C., 2014. Business Strategy: Managing Uncertainty, Opportunity, and Enterprise. s.l. OUP Oxford.

Warren, C., Reeve, J. M. & Duchac, J., 2016. Financial & Managerial Accounting. s.l. Cengage Learning.