Consultancy Report for the First Bank of Hk

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...