Project Planning in a Steel Project...

Project Planning in a Steel Project A steel project is a series of activities which takes place over a pre-arranged period of time to achieve a specified aim of commissioning of the project. The activities of steel project are usually one time activities which are not to be repeated in near future. Steel project activities differ from plant operation which consists mostly of routine activities. For achieving the specified aim, it is essential that project activities are properly and systematically planned. Project planning is done to increase the likelihood that the project will be implemented efficiently, effectively and successfully. Also, it is very much necessary that required time, resources, and efforts are provided as well used for the preparation of the project plan since a defective plan can lead the project to a situation which becomes out of control of the project team. A project plan is a formal, approved document of the project which guides the project execution and is required for the management and control of the project. It forms the basis for all the actions which are required to be taken by the project team for the implementation of the project. The planning document is not of permanent nature since it is necessary to continuously update it as the work of the project progresses. Project planning is important since (i) it guides the project team in its activities, (ii) it helps the project team to remain on track while progressing on work, (iii) It helps in focused monitoring of the work progress, (iv) it helps in the effective use of the resources, and (v) it creates confidence in everyone connected with the project that the project team by following the plans is on right course towards achievement of the results. The...

Project Management in for a Steel Project...

Project Management in for a Steel Project Project consists of a group of tasks, performed in a definable time period, in order to meet a specific set of objectives. It is a temporary activity. It is a one-time program hence different from operations where tasks are repeated in a routine way. Every project has a life cycle, with a specific start and end. The work scope of a project can be categorized into definable tasks. Project has a budget within which it is required to be completed. During the execution of the project, there is likely requirement of multiple resources. Many of these resources can be scarce and may have to be shared with others. Steel project like any other project has a life cycle (Fig 1) which includes (i) initiation, (ii) planning, (iii) execution, (iv) monitoring and control, (v) commissioning and handing over, and (vi) closing of the project activities. Fig 1 Project life cycle Steel project has four components namely (i) performance, (ii) cost, (iii) time, and (iv) scope. All these four components are interrelated and dependent on each other. Performance is the quality of the work being done. Cost is the expenditure made on the project work and is directly related to the human and physical resources applied. Time is the schedule which is required to be met for completing the work. Scope is the magnitude of the work to be performed. One of the key ingredients for successful project management in a steel project is having the right people on the job and managing them appropriately. Both of the two elements ‘having the right people’ and ‘managing people appropriately’ are important for the project success. However, in practice both conditions are frequently violated. There are several groups of activities in...