Assignment Problem:
Case: Implementing lean project management to build your dream home
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 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:
1) 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)
2) Research the market and identify potential home builders who will construct your dream home.
3) Finalize the layout /design and agree on the cost to build the house with the chosen builder
A) Enter into a deal:
· Sign a land contract with the land developer - you will need to pay a deposit of AUD$2000
· 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).
B) 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.
Your tasks:
Answer the following questions:
Question 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
Question 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.
Question 3: Explain how you would implement lean best practices to achieve lean project management for (1) and (2) above.
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Attachment:- Project Management Processes.rar