This project is focused on providing healthcare facilities to the elderly people living alone so that they will be able to lead a healthier life. This project is feasible in terms of the idea that has been proposed for development of the organization to support the older people living alone in their homes. The project is feasible in terms of the budget being estimated for the project as 49844.00 AUD will be sufficient to complete the project and which can be easily arranged for development of the organization. The feasibility of the project underlies in quality of outcomes that will be achieved hence a suitable quality management plan will ensure sustainability of the project.
The sustainability of the project depends of the future perspectives and the goals that will be fulfilled by the project in future (Kerzner & Kerzner, 2017). The long term goals of this project is to serve the elderly people better so that they are able to lead a happy and healthier life. This project will help to reduce the fatalities and health risks of the elderly people. The key areas strengths and weakness that has been identified in context to this project are illustrated as below:
Strengths |
Weaknesses |
· Help and support for the elderly people living alone · Healthcare facilities to the elderly people · Easy to access and operate · 24×7 availability |
· Barriers due to language and communication · Lack of awareness among the elderly people · Occurrence of technical issues · Quality of care may not be suitable as desired |
The approval requirements related to this project for development of the organization to support the elderly people are listed as below:
Possible improvements
In this project, the improvements can be made with the help of the proper scope management plan so that the changes in project scope could be handled effectively. The scope management plan will help to retain the quality of outcomes to be achieved from the project. Further, a proper communication plan is required for handling the communication between the stakeholders as well as project team members to ensure success of the project.
Quality items |
Description |
Project progress |
It relates to monitoring the project progress as per the determined schedule. |
Budget at completion |
It will comprise of evaluating the budget after completion of the project. |
Completion time |
It relates to evaluating completion time of the project by comparing it with estimated timeline for the project (Turner, 2016). |
Fulfilment of the desired requirements |
The outcomes achieved from the project are according to requirements of the customer. |
Achievement of project goals and objectives |
The deliverable of the project are according to the determined goals and objectives of the project. |
Risk outcomes |
The outcomes from the risk identification and evaluation so that risk management is successful. |
Satisfaction of customers |
This item will check how far the customers are satisfied with the outcomes from the project. |
Measurable items and units of measure
Measurable items |
Units of measure |
Explanation |
Project progress |
% of work completed |
This item refers to the amount of work that has been completed as per the schedule. The % completion of work can be evaluated in terms of the estimated timeline so that the project progress can be controlled and completed within estimated time. |
Budget at completion |
Amount (in AUD) |
It refers to the budget that will be calculated after completion of the project (Kerzner, 2018). It will be calculated as the difference between planned value and actual cost. |
Estimate at completion |
Amount (in AUD) |
It relates to the estimated budget for completion of the project. |
Estimated duration |
Days |
It refers to the duration that has been estimated for completion of the project. |
Actual duration |
Days |
It is the actual time that has been taken to complete the project. |
Risk Outcomes |
Scale (1 to 5) |
It will be evaluated to determine the success of mitigation strategies being implemented for successful execution of the project. |
Customer Satisfaction |
Scale (1 to 5) |
The satisfaction of the customers on the project deliverables will be evaluated with the help of survey questionnaire or interviews. |
Measurable items |
Units of measure |
Time |
Project progress |
% of work completed |
During the execution phase |
Budget at completion |
Amount (in AUD) |
After completion of the project |
Estimate at completion |
Amount (in AUD) |
During the planning phase |
Estimated duration |
Days |
During the planning phase |
Actual duration |
Days |
After completion of the project |
Risk Outcomes |
Scale (1 to 5) |
During the planning phase |
Customer Satisfaction |
Scale (1 to 5) |
After completion of the project |
From the overall discussion on the quality management aspects, it has been identified that the time, cost and scope are the major factors that can be used to monitor quality of the project (Ross, 2017). The management of quality is essential to ensure success of the project.
The outcomes achieved from the quality management process will help to ensure that the project deliverables are according to the goals and objectives of the project. The outcomes will be able to fulfill desired requirements of the customers.
The process that will be followed for controlling changes in the project are listed as below:
The features or characteristics of the project outcomes will be evaluated to determine the ability of the project to satisfy needs of the customer. The quality of outcomes will be monitored and checked to ensure success of the project.
It refers to the approach that will be followed by the management for long term success through evaluation of customer satisfaction (Hornstein, 2015). Every team member associated with the project will participate in the process for improving the processes, products or services such that success of the project can be ensured and the project deliverables will be achieved.
This is a statistical tool and technique which will be used for the project to eliminate the identified errors or faults during progress of the project (Oakland & Marosszeky, 2017). Through this technique, the improvements in process could be achieved so that the deliverable of the project could achieved as per the desired requirements and quality.
Discount Rate Used |
5.00% |
Annual Benefits |
$ 75,000.00 |
Annual Operational Costs |
$ 23,564.00 |
One-Time Development Cost |
$ 26,280.00 |
|
Year of Project |
|
|||||
|
0 |
1 |
2 |
3 |
4 |
5 |
TOTALS |
Economic Benefit |
$0.00 |
$ 75,000.00 |
$ 75,000.00 |
$ 75,000.00 |
$ 75,000.00 |
$ 75,000.00 |
|
Discount Rate |
1.0000 |
0.9524 |
0.9070 |
0.8638 |
0.8227 |
0.7835 |
|
PV of Benefits |
$0.00 |
$71,428.57 |
$68,027.21 |
$64,787.82 |
$61,702.69 |
$58,764.46 |
|
|
|||||||
NPV of all BENEFITS |
$0.00 |
$ 71,428.57 |
$ 139,455.78 |
$ 204,243.60 |
$ 265,946.29 |
$ 324,710.75 |
$ 324,710.75 |
|
|||||||
One-Time COSTS |
$(26,280.00) |
||||||
|
|||||||
Recurring Costs |
$0.00 |
$ (23,564.00) |
$ (23,564.00) |
$ (23,564.00) |
$ (23,564.00) |
$ (23,564.00) |
|
Discount Rate |
1.0000 |
0.9524 |
0.9070 |
0.8638 |
0.8227 |
0.7835 |
|
PV of Recurring Costs |
$0.00 |
$ (22,441.90) |
$ (21,373.24) |
$ (20,355.47) |
$ (19,386.16) |
$ (18,463.01) |
|
|
|||||||
NPV of all COSTS |
$(26,280.00) |
$ (48,721.90) |
$ (70,095.15) |
$ (90,450.62) |
$ (109,836.78) |
$ (128,299.79) |
$ (128,299.79) |
|
|||||||
Overall NPV |
$ 196,410.96 |
||||||
|
|||||||
Overall ROI |
|||||||
|
1.5309 |
||||||
Break-even Analysis |
|||||||
Yearly NPV Cash FLOW |
$(26,280.00) |
$ 48,986.67 |
$ 46,653.97 |
$ 44,432.35 |
$ 42,316.52 |
$ 40,301.45 |
|
Overall NPV Cash FLOW |
$(26,280.00) |
$ 22,706.67 |
$ 69,360.63 |
$ 113,792.99 |
$ 156,109.51 |
$ 196,410.96 |
|
This process refers to comparing the outcomes of the project with the actual stated project outcomes. It is essential to determine whether the outcomes achieved are according to the determined goals and objectives of the project to ensure success (Carvalho & Rabechini Junior, 2015)
In this section, a control chart is used for progress of the project over time with the help of observations being made. The control chart will show the current state of project so that proper controlling measures can be implemented.
Control chart
It comprises of both cost of good and poor quality such that improvements can be made to quantify the total cost of quality-related efforts and deficiencies (Pheng, 2018). The cost of quality will be determined to ensure effectiveness of the budget estimation.
The additional tools that can be used for quality planning are presented as below:
Flowcharts
Histograms
Pareto chart
Scatter diagram
The quality control and assurance are two different things but related to quality management so that quality of the project outcomes are as per the desired requirements (Ashuri, Jallan & Lee, 2018). Quality control refers to controlling the quality of outcomes as per progress of the project whereas quality assurance will be done to ensure that the required steps are being performed correctly.
The plan that will be followed for process improvement in context to this particular project on development of an organization to help and support the elderly people are listed as below:
References
Ashuri, B., Jallan, Y., & Lee, J. H. (2018). Materials Quality Management for Alternative Project Delivery (No. FHWA-GA-2018-1622).
Basu, R. (2017). The Definition and Dimensions of Project Quality. In Managing Quality in Projects (pp. 47-62). Routledge.
Carvalho, M. M. D., & Rabechini Junior, R. (2015). Impact of risk management on project performance: the importance of soft skills. International Journal of Production Research, 53(2), 321-340.
Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach. Routledge.
Hornstein, H. A. (2015). The integration of project management and organizational change management is now a necessity. International Journal of Project Management, 33(2), 291-298.
Ingason, H. T. (2015). Best project management practices in the implementation of an ISO 9001 quality management system. Procedia-Social and Behavioral Sciences, 194, 192-200.
Kerzner, H. (2017). Project management metrics, KPIs, and dashboards: a guide to measuring and monitoring project performance. John Wiley & Sons.
Kerzner, H. (2018). Project management best practices: Achieving global excellence. John Wiley & Sons.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Lock, D. (2017). The essentials of project management. Routledge.
Muller, R. (2017). Project governance. Routledge.
Oakland, J. S. (2014). Total quality management and operational excellence: text with cases. Routledge.
Oakland, J., & Marosszeky, M. (2017). Total construction management: Lean quality in construction project delivery. Routledge.
Pheng, L. S. (2018). Project Quality Management. In Project Management for the Built Environment (pp. 113-125). Springer, Singapore.
Ross, J. E. (2017). Total quality management: Text, cases, and readings. Routledge.
Too, E. G., & Weaver, P. (2014). The management of project management: A conceptual framework for project governance. International Journal of Project Management, 32(8), 1382-1394.
Turner, R. (2016). Gower handbook of project management. Routledge.
ul Musawir, A., Serra, C. E. M., Zwikael, O., & Ali, I. (2017). Project governance, benefit management, and project success: Towards a framework for supporting organizational strategy implementation. International Journal of Project Management, 35(8), 1658-1672
Essay Writing Service Features
Our Experience
No matter how complex your assignment is, we can find the right professional for your specific task. Contact Essay is an essay writing company that hires only the smartest minds to help you with your projects. Our expertise allows us to provide students with high-quality academic writing, editing & proofreading services.Free Features
Free revision policy
$10Free bibliography & reference
$8Free title page
$8Free formatting
$8How Our Essay Writing Service Works
First, you will need to complete an order form. It's not difficult but, in case there is anything you find not to be clear, you may always call us so that we can guide you through it. On the order form, you will need to include some basic information concerning your order: subject, topic, number of pages, etc. We also encourage our clients to upload any relevant information or sources that will help.
Complete the order formOnce we have all the information and instructions that we need, we select the most suitable writer for your assignment. While everything seems to be clear, the writer, who has complete knowledge of the subject, may need clarification from you. It is at that point that you would receive a call or email from us.
Writer’s assignmentAs soon as the writer has finished, it will be delivered both to the website and to your email address so that you will not miss it. If your deadline is close at hand, we will place a call to you to make sure that you receive the paper on time.
Completing the order and download