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THE UNIVERSITY OF HONG KONG
FACULTY OF ENGINEERING
Department of IMSE
IELM6004 Industrial Project Management
Lecturer: Mr. Paul Mau
Assignment One: By Fanatic Group
Student Name
Chuck, Zhang Xin Yu
Hans, Lim Wai Man
Henry, Kwok Yin Hang
Sunny, Yang Guang
Tony, Mak Wing Tai
Wing, Lam Wing Man
HKU ID
3035166499
3035136200
3035136561
3035166566
2013955656
3035136858
Fanatic Group
Consultancy Report of Project X
Project No. 8183
Consultancy Report
The First Bank of Hong Kong
Recovering the Delayed Progress for
The Development of Investment Product X
Created by Fanatic Group
Date: 1 April 2002
All Rights Reserved
Page 1
Fanatic Group
Consultancy Report of Project X
Project No. 8183
Table of Content
1. Executive Summary……………..……………………………… P.4
2. Introduction……………………………………………………….
2.1
Project Delay…………………………………………………..
2.2
Over Budget …………………………………………………..
2.3
Purpose of This Report………………………………………..
P.4
P.4
P.5
P.7
3. Major Problem Area……………………………………….…... P.9
3.1
3.2
3.3
3.4
3.5
Technical Difficulty…………………………………. …........ P.9
3.1.1
Insufficient Training………………………………… P.9
3.1.2
Lack of Vendor Support……………………………. P.10
Lack of Internal Resources………………………………….. P.10
3.2.1
Legal Department…………………………………... P.10
3.2.2
User Department……………………………………. P.10
Poor Communication…………………………………………. P.10
3.3.1
Wrong Version of User Requirement………………... P.10
3.3.2
No On-Time Progress Reporting……………………. P.11
Poor Project Management Skills……………………………… P.11
3.4.1
Project scope is not clearly defined…………………. P.11
3.4.2
Scope creep………………………………………….. P.11
3.4.3
Poor Change Control………………………………... P.11
3.4.4
Poor Buffer Planning………………………………… P.12
3.4.5
No Appropriate Corrective Actions………………….. P.12
3.4.6
No Well Defined Work Break Down Structure……… P.13
3.4.7
Poor Decision Making Ability of Project Manager….. P.13
Poor Resource Management……………………………………. P.14
3.5.1
Poor...