3.

Project Estimate

3.1 Project management framework

A project management framework includes the processes, tasks and tools which are
undertaken for a project to be completed. It starts with the phase of planning followed by
managing and finally governing projects. It forms a backbone to take a project from start to
finish.

In regards to the project under consideration, it was brought to our information that scrum
type of project management framework was used because the project deliverable was not
well defined and intangible in nature. It was a major change in payment options for rural
consumers and hence, the project was broken down department wise and planned to be
finished without 2 months. Work was undertaken in short cycles and the team met regularly
to get an update on the current tasks and remove all roadblocks.

The project management framework is divided into three parts: The Project Life Cycle,
Project Control Cycle and Tools/Templates.

3.2 Project life cycle

Recommendations
1. Overlapping of resources: Based on the information, we got to know that the project
was carried out in smaller units department wise to speed up the process of product
launch. This caused overlapping of critical resources leading to enhanced cost.
2. Better recognition of potential risks: The risk assessment team estimates the risks
and develops contingency plan to avoid any roadblocks. However, an organized
system or method of risk assessment is not followed. The company should use Event
tree analysis or risk matrix approach to do a better job at identifying risks.
3. Consolidation of progress report: Working in smaller teams, even though
advantageous may cause miscommunication. To ensure uniform information flow,
consolidation of project related information through a two way communication
channel is recommended.