Project Management Theory Essay - 4267 Words

1. Introduction The High Speed Two is a high speed rail that is of very high profile within the UK right now. The project is to update the current rails as well as gaining better punctuality of service, less crowded trains and an increase of business travellers as well as a reduction in carbon emissions. The project is designed to update the rail network between London and the North West of England initially with the intention of expanding further north. The reason for this report is to evaluate three variation requests made to the High Speed Two project. The three requests are, first, a variation to the original route to take in more of Oxfordshire, second is to add a station in Madeley and third is a change of supplier. After completing†¦show more content†¦The reason for this is because the parties affected by the change are at the centre. Kurt Lewin designed the theory so that there was a one-to-one relationship between the experiment and the variables (Reason and Bradbury 2001). Throug h this theory it was further enhanced the importance of the opinion of the people affected by the change and in this case the people living around the rail and the people who are in need of a good commute route (Lawman 2014a). To gain the peoples’ opinion it was suggested by a Norwegian to introduce a conference to act as a mediator between the company and the public (Reason and Bradbury 2001). 2.1.2 Risk Management Theory According to Hubbard (2009), risk management is â€Å"the identification, assessment, and prioritization of risk followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events.† When putting risk management into the context of a project, the objective becomes recognizing where the problems might occur as well as having a contingency plan in place to be able to take the appropriate preventative and remedial actions. For this project, when making a variation to the original route the main risks are going to lie with the objectives, time, cost and quality as well as the external environmental factors of an organisation (Pellegrinelli 1997). TheShow MoreRelatedProject Management : A Common Problem Within The Stakeholder Theory Literature1828 Words   |  8 Pagesstakeholder input to the cost estimating process in project management is a common problem throughout the stakeholder theory literatur e that focuses on the management of large engineering projects, such as space and software projects (Lucae, Rebentisch, Oehmen, 2014); and. This problem has been linked to the multiple definitions for the term stakeholder (Susser, 2012; Doh Quigley, 2014; Davis, 2014). 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