Conceptual Framework Benefit Formulation -Myassignmenthelp.Com

Question: Discuss About The Conceptual Framework Benefit Formulation? Answer: Introduction The project plan is based on fitout of a medium-rise office building in Sydney suburb. The previous project manager of this project plan was Tony Faultier who left the company abruptly and is moving overseas. Therefore, a new project manager is assigned for the project who communicated with the stakeholders to know about the project progress and its current status. The total fitout budget is $1.2M and it is estimated that the entire project of fitout will be completed within the duration of 4 months. The success of this fitout project needs to be determined by the management by utilizing three components which includes design, budget as well as time. The paper mainly elaborates current status of the project which including both Cost variance and Schedule variance. It is identified that the paper also highlights the importance of leadership behavior in the project. Additionally, an overview about the existing team environment with proper recommendations for changes within work processes as well as policies for establishing proper cooperative environment is elaborated. Current status of the project The list of additional information about the project that the new project manager need to source in order to produce proper detailed status of the project are elaborated below: Information about project risk: It is quite necessary for the new project manager to know about the risks that are associated with the project. It is identified that due to proper understanding of the project they can easily implement proper steps as well as strategies for resolving project issues and challenges. Limitations of the project: The project limitations must be known to the new project managers so that while implementing project strategies for success they should avoid steps that will obstruct the success of the project. Proper information about limitations allows them to develop project in such a way that the project will become successful. Information about project goal: Proper information about the project goal is necessary for the new project managers as depending on the project goals they can progress with the project. It is quite important to complete the project as per its goals and objectives. Overview of leadership behavior on the project As per the organizational zoo model, it is identified that Tony Faultier is a poor leader. According to the model, a real leader is a person who has number of willing followers who generally want to help them as they are generally get inspired by them and respect them as a person. However, it is analyzed that Tony faultier is a very much belligerent and he is a person whom the team members see as a person who is very much lazy impatient as well as intolerant to others. He was very much autocratic and was always unwilling to listen about the advice of the team members. Further, the model elaborates that for becoming a leader, it is necessary to have proper performance so that the stewardship as well as demonstrated actions generally serve others effectively. However, it is identified that Tony did not perform effectively for managing the issues that generally occurs within the project. In addition to this Tony faultier also does not arrange proper training method for the staffs of the organization. It is identified that the company must prefer proper leadership behavior for the recruitment of the project manager and the recommendations for the targeted behavior include: Demonstration of drive for results: The project managers must have effective leadership characteristic that generally insists them to achieve proper project results. Demanding truth: It is very much necessary for the project managers to know the real issue or risk that is mainly associated with the project in order to make proper project related decisions. It is identified that effective project managers requires demanding for the truth from the project team members so that they can able to minimize issues. It is analyzed that hiding or ignoring issues by the project manager will obstruct the success of the project. Demonstrating courage: The project managers must have courage to communicate properly with the team members so that the project can perform well with the support of the project team members. Overview of existing team environment and recommendations It is identified that existing team environment of the company is not proper as the team members does not have proper communication with the project managers and others for discussing on the project. The risks that are associated with the project are only known to few team members which helps in reflecting that they does not communicate properly among each other. The project manager is autocratic and the views of the team members are not listed by him. Additionally the project manager is very much belligerent as well as bullying which highlights that is very much necessary to improve the existing team environment of the company. The recommendations include: Proper communication: It is quite necessary to communicate with the team members of the project effectively. Proper communication with the team members of the project helps in resolving issues as well as challenges that are mainly associated with the project. Clarification of roles: Knowing everyones role is also considered as one of the important step of building proper team environment as clarification of roles assists in creating flexibility as well as efficiency within the project work. Trusting team members: In order to build proper team environment, it is very much necessary to trust the team members of the project. It is necessary to assume that the team members are responsible as well as competent towards work. Conclusion It can be concluded that the new project managers must be hired on the basis of certain characteristics so that the entire project of the organization can be easily managed. It is necessary to have certain characteristics among the project managers so that the project will be successfully completed. The paper also highlights some of the leadership behavior that is also necessary for the project managers in order to achieve positive outcome within the project. References Kerzner, H. and Kerzner, H.R., 2017.Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Mir, F.A. and Pinnington, A.H., 2014. 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