Project Management Report on the selected company for this assignment is KEO International Consultants

Introduction of The selected company for this assignment is KEO International Consultants of The selected company for this assignment is KEO International

            KEO International Consultants is a construction company that is selected to complete this assignment. The company has several projects internationally but the company has mostly constructed its projects in Qatar as well as in Dubai. The company was founded in 1964 and the headquarter of KEO international and consultancy located in Kuwait City. The chairman of this construction company is Dr Abdul Aziz sultan. The report is providing relevant information about the company and the project. In this report study, the mall of Qatar construction project is selected that is one of the biggest projects in Qatar and it is also considered one of the biggest commercial and retaining project that attracted various companies and other retailing companies toward the company. In this report, the brief information of the spider web diagram is discussed that can be used to analyze the employees in the project. Other important things related to construction projects are also discussed in this document. The reason for choosing this project is that the Mall of Qatar features satisfies the project management principles. Some important planning processes are discussed along with the termination of this project.

Spider Web Diagram of The selected company for this assignment is KEO International

            The spider web diagram is provided below is used to manage the significant information on KEO international consultants. Furthermore, the diagram is also providing information or multivariable data. The spider diagram is also showing the project schedule, which is placed at the third layer of the spider web. In the second layer, structural support for the project management team KEO, portfolio as well as project stakeholder management are made and performed on the second layer and priority. The project management of the company needs effective support, so the company focus to provide support to the project management team. The main benefit of providing appropriate structural support to project management is that the company will have a strong and skilful project management team that deals effectively and properly with the projects. Although, project stakeholder management is also be performed at the time of providing support to the project management because it is necessary to manage the stakeholders of the company that is influential on the project. So, to make a strong portfolio of the company, stakeholders management and provision of structural support to project management are essential. At the first level, the network between projects and the coaching auditing and elevating projects are discussed. And at the zero levels, there are two more important things: professional development for projects and the control practices present. The controlling practices are essential and very important for the construction company and its projects that control almost everything of the company’s functions as well as the practices of controlling also handle the projects (Saritha, Joseph, & Mathew, 2013).

Tows Strategic Matrix of The selected company for this assignment is KEO International

            The Tows matrix is another tool for the analysis, comparison, selection as well as generation of the business strategies to obtain the goals and the objectives of the KEO International consultants such as the enhanced brand value, increased profit as well as higher projects (Tow, 2001).

Organizational Structure of The selected company for this assignment is KEO International

Figure 1 Organizational Structure for KEO International Consultants

·         Evaluation of the Structure of The selected company for this assignment is KEO International

Evaluation represents that organizational structure of KEO International Consultants Company is a well-defined structure. Therefore, all employees and managerial staff of this company can better understand who is required to report whom or who will follow the orders of whom?. However, this organizational structure does not have flexibility which is a major limitation or weakness.

Define the Problem or Expectation of the Stakeholders

The project stakeholders are highly interested in this project from various preceptive. Considering the interest, their expectations are different for this project. For instance, investors are interested in this project to earn more income from running a shopping mall in Qatar. Other stakeholders with their expectation towards this project are stated below:

Reason to choose this project of The selected company for this assignment is KEO International

            The selected project of the KEO International Consultants company is the Mall of Qatar located in Qatar. It is the award-winning mall in Qatar that is very beautiful as well as very big because it has almost all most of the world’s very famous and popular brands in the company. It is the most popular as well as the largest shopping mall in Qatar and has more than 20 million customers come to the mall expected annually. The selected project is one of the biggest building projects in Qatar that is also considered the largest as well as the biggest commercial and retailing project in Qatar. The company has effectively constructed this project that made the project bigger. The targeted market of this construction project is to attract other malls and retailing organizations towards the company. The targeted market of this project in the market of the retailing and commercial areas of Qatar that will be attracted. In this market or the market of Qatar is to attract the world's biggest and very popular brands to open their stores in the mall that will attract the people to come to the mall. It is also explained that looking at the running cost, capital cost, maintenance issues as well as the payback period, everything is required in the installation of services to ensure what the company leadership is recommending the right solution for the clients and the projects. The leadership of the company tries to influence clients if that incorporates sustainable technologies.

Payback Period of The selected company for this assignment is KEO International

The payback period is calculated for two different projects available to the company. The first option is to work on a shopping mall construction project in Qatar (represented by “Project A”)... While the second option is about the development of an amusement park in the same market (represented by "Project B"). The following tables represent the payback period for both projects separately.

Based on the calculation of payback period we can say that project A is a better option then project B.

Expected NPV of The selected company for this assignment is KEO International

The expected NPV is calculated for the shopping mall project by KEO International Consultants. The calculated NPV $2400 with the required rate of return 4% is positive therefore the company can select this project for implementation.

*the value of a factor is taken from the present value of annuity table.

Checklist

Project checklist can enable the managers of KEO International Consultants to select a project plan for implementation. The checklist includes evaluation based on positive NPV, resources availability, employees skills, and time.  

The checklist represents that project A is a better option as it fulfils all requirements.

Simplified Scoring Model of The selected company for this assignment is KEO International

The simplified scoring model is an important model to select a project from the available alternative options. In this model, weightage is assigned to value, risk, success, urgency, and difficulty of the available project options to select a most suitable project. Based on this evaluation, project A (construction of shopping mall in Qatar) is the most suitable project with the highest evaluation score.

Planning Process of the selected company for this assignment is KEO International

            The cost of the project mall in Qatar has increased by $660 according to the latest project detail.

Funding of the Project of the selected company for this assignment is KEO International

The project funding plan includes information about the costs and resources required to fulfil the requirements of the project. The following table represents costs and funds utilization details for this project of Shopping mall construction in Qatar.

Project Team members and their Duties of The selected company for this assignment is KEO International

            There were several team members of this project in the context of project management. The project team members are; the project manager, main contractor, site manager, site engineer, risk manager, quality assurance and control manager, labours or employees, resource managers as well as the financial managers and other stakeholders are included in the project team. They all are responsible for their works and their daily tasks. The project manager the construction project is responsible to deliver the finished project to clients. Furthermore, it is also responsible to engage all of the stakeholders on one method and concept to make the project Successful. The project manager of the construction project is responsible to analyze the reports, data as well as the responsibility to make people engage to construct the project timely (Waly & Thabet, 2003).

            The site manager in the project has the duty to come on the site of the project and to monitor all of the activities such as construction, resources, and other things. He will monitor all of the construction activities and report to the contractor and project manager and he is also responsible to tell if resources for the project needed. The site manager in the project team is playing the role of a clerk of all works. The site engineer is responsible to supervise the labour and employees what they have to do and how they will do it accurately. A risk manager has the responsibility to make the risk report and the risk plan to handle all of the expected and unexpected risks into the project and it always tries to prevent and mitigate the risks. The quality control and quality assurance managers always focus to control and maintain the construction quality. The Quality assurance managers are also responsible to make sure all of the constructed parts of this project meet with the standards set in the project requirement document to minimize the waste and increase the quality of the construction (Pena-Mora & Li, 2001).

            The team for this project is enough but, in some areas, the project manager and the construction team members may face some difficulties to complete the project timely. They need to hire some extra labour to make it possible to increase the working hours to complete the project timely. The project may need sub engineers to assist the engineers and the site engineers of the company because the engineers face various difficulties in managing the workload and generating the report. By hiring the sub engineers, the engineers will be able to work on their maps and able to new construction strategies to enhance the quality of work.

When it will start? When it Will End of The selected company for this assignment is KEO International:

The following Gantt chart represents project starting and ending dates for the Qatar shopping mall project. Following this chart or time plan, activities will be started from the development of goals and objectives. The starting date is 5 October 2020. While the project will be accomplished on 6/15/2021 See the following Gantt chart for further information.

Figure 2 Gantt Chart for Shopping Mall Project

Termination of Project

            The completion of the project is not possible to time with the given budget because it might possible that there can be many risks occur and they can take more time and additional cost to overcome those risks including it will take more time to complete this project.

What kind of problems you can face with?

1.      By working on this project, I can face several quality issues as well as some issues can also be faced by stakeholders.

2.      The resources and materials of the project may short or expensive that will increase the cost of the project.

3.      Increasing the cost of the project, the project requires more monetary resources.

4.      It might also possible that the project can take more time and cost to complete.

Evaluation of Stakeholder’s Satisfaction Level:

After the completion of the project, we will measure the satisfaction level of its stakeholders such as project investors, society, and business owners. The stakeholder satisfaction will be calculated and measured by the use of a survey and a balanced scorecard approach. Satisfaction level from customers and society will be measured based on collected information from the simple survey at the shopping mall. While success Metrix based on a balanced scorecard will be developed to measure and evaluate the satisfaction level of other stakeholders. Moreover, feedback and reviews of investors will be also obtained to determine their satisfaction level.

After completion of this project, it is known that the clients will test and check the whole construction projection as well as they also check their requirements. They will evaluate it and they check their given requirements to the construction team. To satisfy the stakeholders, they will be provided to the maintenance facility.

Conclusion of The selected company for this assignment is KEO International

It is concluded that the company has several projects internationally but the company has mostly constructed its projects in Qatar as well as in Dubai. The spider web diagram is provided below is used to manage the significant information on KEO international consultants. Furthermore, the diagram is also providing information or multivariable data. The selected project is one of the biggest building projects in Qatar that is also considered the largest as well as the biggest commercial and retailing project in Qatar. The project team members are; the project manager, main contractor, site manager, site engineer, risk manager, quality assurance and control manager, labours or employees, resource managers as well as the financial managers and other stakeholders are included in the project team. The team for this project is enough but, in some areas, the project manager and the construction team members may face some difficulties to complete the project timely.

References of the selected company for this assignment is KEO International

Pena-Mora, F., & Li, M. (2001). Dynamic planning and control methodology for design/build fast-track construction projects... Journal of construction engineering and management, 1-17.

Saritha, M., Joseph, K. P., & Mathew, A. T. (2013). Classification of MRI brain images using combined wavelet entropy-based spider web plots and probabilistic neural network... Pattern Recognition Letters, 2151-2156.

Tow, W. T. (2001). Asia-Pacific strategic relations: Seeking convergent security. Cambridge University Press.

Waly, A. F., & Thabet, W. Y. (2003). A virtual construction environment for preconstruction planning. Automation in construction, 139-154.