MBA 7001 - Project Management Theory and

Practice (Converted as an Individual

Assignment)
Project: Commercial Smart Current Account

Presented By
Student Name – Rifas M.M.M

Cardiff Met ID –20169854

ICBT ID –BT/CARDIFFMB/07/04
Batch -07
Cardiff Metropolitan University
October 2020

1
 Student Details (Student should fill the content)
Name Mohamed Mustafa Mohamed Rifas
Student ID (Cardiff Met ID and ICBT Cardiff Met ID: 20169854 ICBT ID: BT/CARDIFFMB/07/04
ID)
Scheduled unit details
Unit code MPM 7001
Unit title Project Management Theory and Practice (Converted as an Individual Assignment)
Assignment Details
Nature of the Assessment REPORT
Topic of the Case Study GIVEN
Learning Outcomes covered YES
Word count 2000
Due date / Time 11 October 2020
Extension granted? (For Office use only) Yes No

Declaration
I certify that the attached material is my original work. No other person’s work or ideas have been used without
acknowledgement. Except where I have clearly stated that I have used some of this material elsewhere, I have not
presented it for examination / assessment in any other course or unit at this or any other institution

Signature Rifas M.M.M Date 24-10-2020

Result (Assessor use only)

Marks by 1st Assessor Name & Signature of the 1st Assessor Agreed Mark

Marks by IV: Name & Signature of the IV

For Office use only (soft copy assignments)

Receipt date Received by

Assignment Type & Title:

For student use: Critical feedback on the individual progression towards achieving the assignment outcomes

2
For 1st Assessor use: Assessment feedback

Strengths

Weaknesses

Name & Signature of the Assessor : Date :

Comments by the IV

Name & Signature of the IV: Date :

3
4
5
6
Table of Contents

List of Tables...................................................................................................................................7

List of Figures..................................................................................................................................7

1.0 INTRODUCTION................................................................................................................8

1.1 Commercial Bank of Ceylon PLC.........................................................................................8

1.2 Statement of Vision and Mission for Commercial Bank PLC Ltd........................................8

1.3 Feasibility of the Commercial Bank Project..........................................................................8

2.0 COMMERCIAL BANK PROJECT SOW AND WBS...........................................................10

2.1 Statement of Work (SOW)...................................................................................................10

2.2 Scope of the Project.............................................................................................................10

2.3 Project Objectives................................................................................................................11

2.4 Time Schedule......................................................................................................................12

2.5 Project Work Breakdown Structure (WBS).........................................................................12

2.6 Project Plan of Commercial Smart Current Account Project..............................................13

2.7 Resource and Responsible Management for Commercial Smart Current Account Project 15

2.8 Budget and Cost Distribution Plan Commercial Smart Current Account Project...............15

2.9 Cost Distribution Plan for Commercial Smart Current Account Project.............................16

2.10 Risk Management Plan for the Project..............................................................................16

3.0 CHANGE MANAGEMENT PRACTICES IN THE PROJECT............................................18

3.1 Change Management Practices for Commercial bank New Current Account Project........18

3.2 Impact Assessment to the Triple Constraints and Formal Communication of Variances to
the Stakeholders in Commercial Smart Current Account Project..............................................19

3.3 Formal Communication Management Plan for Commercial Smart Current Account Project
....................................................................................................................................................20

4.0 AGILE/SCRUM METHODOLOGY......................................................................................22

7
 4.1 Differences of PMI Standards Vs Agile/Scrum...................................................................23

1. Project Multifaceted Nature...............................................................................................23

4.2 Application of Agile/Scrum in the Commercial Smart Current Account Project................24

4.3 Benefits of Agile Scrum Methodology in Commercial Smart Current Account Project.....26

5.0 CONCLUSION........................................................................................................................27

Reference.......................................................................................................................................28

8
List of Tables

Table 1: Time schedule of Project.................................................................................................13

Table 2: Project Plan of Commercial Smart Current Account Project..........................................15
Table 3 :Resource and Responsible Management for Commercial Smart Current Account Project
.......................................................................................................................................................16
Table 4: Budget Plan of Commercial Smart Current Account Project..........................................17
Table 5: Cost Distribution Plan for Commercial Smart Current Account Project........................17
Table 6: Risk affect matrix of Project............................................................................................18
Table 7: Risk Impact Analysis of Project......................................................................................18
Table 8: Formal Communication Management Plan for Commercial Smart Current Account
Project............................................................................................................................................22

List of Figures

Figure 1: Statement of Work (SOW).............................................................................................11

Figure 2: Project Work Breakdown Structure...............................................................................14
Figure 3: Project Plan of Commercial Smart Current Account Project.........................................15
Figure 4: Risk Affect Matrix.........................................................................................................18
Figure 5: Triple Constraints...........................................................................................................20

9
1.0 INTRODUCTION
1.1 Commercial Bank of Ceylon PLC

The age of Commercial Bank attaches returned to 1920s' in the English pioneer system while
exchange, business and ventures like Banks introduce in Sri Lanka. In 1969 Commercial Bank
accumulated energy while it turned into an autonomous foundation. So started a whole custom of
greatness in administration which has proceeded to which is good Bank in Sri Lanka in the
financial business and top ten organization in Sri Lankan Colombo stock trade. Its administrative
center is situated in No 21, Bristol Street, Colombo 1 in Sri Lanka.

1.2 Statement of Vision and Mission for Commercial Bank PLC Ltd

Vision

"To should be the important precisely advanced, innovative and customer neighborly financial
organizations relationship in Sri Lanka, prepared for extra expansion in Asia"

Mission

"Providing solid, inventive, customer involvement monitory related management, introducing

forefront incentive and zeroing in ceaselessly on beneficially improvement while improving up
our workers and introducing basically ability to extend inhouse and territorially"

1.3 Feasibility of the Commercial Bank Project

Project the board is an application for learning of abilities methods and devices to confront the
task necessities. Task the board is capable by means of the 5 system gatherings – they are
starting, arranging, executing, observing and control, and shutting.

The Project possibility overview will help venture chief to choose if the undertaking is sensible,
suitable and decision the best choice from the open alternatives of perceived task issues.
Achievability investigation is one of major basic assessment which leads in beginning phase of
item life cycle. Henceforth, it is basic to lead a possibility examination since it is making
legitimate and significant information with respect to the undertaking climate which produce
very basic information with respect to the project.

10
It is basic to perceive such project practicality and basically there are fundamental 4 kinds of task
possibility consider lead by project administrators.

4 principle project feasibilities are:

 Economic Feasibility
It is basically with respect to the cost saving advantage thought of the particular task and
project chief will guide monetary practicality examination to perceive the cost
components and budgetary advantages of the particular project. cost saving advantage
examination of the errand will give report the issues of cost approach and make back the
initial investment investigation will recognize the monetary achievability through
perceiving legitimate and important choices for develop the project yield.

 Operational Feasibility
This ensures limit of direct the task out of ruining of the project improvement. Activity
achievability chooses the availability of people asset and hardware of the venture
maintaining in the brain the ultimate objective to achieve the task goals. Moreover, this
would be choosing their resource utilization and resource availability of coordinate the
project exercises.

 Technical Feasibility
Its examinations purposes of how about they would give or pass on an item or
administration. Ex. Labor, innovation, materials, business area, transport. Also, this will
choose the individual specialized capacity and limits of Project innovation the executives.
Similarly, it thinks about the innovation capacity and headways to get to those specialized
progression of the project. Specialized practicality is an awesome instrument for
investigating and since quite a while ago runs stable arranging.

 Schedule Feasibility
This is related to the significant task highlights of most time and which will inspect how
about the project would require time to complete undertaking exercises and is relies upon
the specialized mastery of the project.

11
2.0 COMMERCIAL BANK PROJECT SOW AND WBS

2.1 Statement of Work (SOW)

Statement of Work is a conventional data that describes the entire task scope and Project Object
for a merchant and enlightens cost of project, expectations and timetable. SOW can explain
prefer file related the entire project for which partner's advancement, which in a general sense
incorporates with the twice requirements of the project.

AIM of Project: Introduce the Prefer Current Account for Rs 45,000/- or above Earned
Customers who get monthly revenue to Commercial called “Commercial Smart
Current Account”
Venue 10.10.2020

Project Owner Commercial Bank

Name of the Project Introducing of Prefer Current Account- “Commercial Smart

Current Account””
Requirement by Group of Commercial Bank (Current Account Branch) – Commercial Bank

Summary of Project
Dispatching of prefer Current Account for earned receivers who course their monthly earn
revenue to Commercial bank with the objective of getting more market dividends so as to effort
the minimum-cost fixed fundamental of the bank.

Figure 1: Statement of Work (SOW)

2.2 Scope of the Project

Project scope is to acquaint another store item with the business and match the Rs 45,000/ - or
more income client by outfitting appealing advantages with item. That is an exceptional most
record providing Rs 45, 000/ - or more income client with an enormous arrangement of dazzling
advantages.

12
Project of the work rely upon including the beneath referenced outcomes.

 Project Introduce
 Project Meeting of Evaluation
 Project Research of Market
 Project Implementation
 Project human or manpower allocation
 Project Resource Reservation
 Project Marketing System
 Project Team Training Schedule
 Project Delivery
 Developing targets
 More benefits
 Project Review

2.3 Project Objectives

• Current accounts permit treatment of huge volumes of receipts as well as installments

efficiently.

• There are no limitations applied on the stores made into the current records introduce at
the bank's house division.

• Cheques, request drafts could be given by refer of a current document for releasing
main monthly payment to banks.

• The presence of little premium profit on account balance makes a current record more
appealing for its clients.

• The Account holder can pull back from their present records with no limit, subject to
banking money exchange charge, if any demanded by the administration.

• Assists lenders of the record holder who can approach data on the record holder's
financial soundness through between bank association.

13
 • Provides with Internet-banking and portable banking to empower finance managers
complete significant business exchanges instantly and effortlessly.

2.4 Time Schedule

Task Duration

Project Identification 30 Days

Project Implementation 90 Days

Launch to the Market 30 Days

Table 1: Time schedule of Project

2.5 Project Work Breakdown Structure (WBS)

WBS describe the tasks expectations. Project breakdown format is isolating of tasks expectations
into small division and the main diminished degree of breakdown format recognized as task
bundles. WBS would look at each movement of project method and by examining of the task’s
partners would ability to recognize the desired task expectations.

Moreover, it allows most exact timetable and expenses assessment. WBS for the system dispatch
project can be perceived as below.

Introducing special current account

Commercial Smart Current Account”
for Rs 45000 or above salaried customers

14
 Figure 2: Project Work Breakdown Structure

2.6 Project Plan of Commercial Smart Current Account Project

The Commercial Smart Current Account Project joins three division that are Introduce the
project, Implementation and dispatch to the market. As indicated by those essential fragments
where are sub territories to every segment. The Microsoft project plan graph shows this
standards subtask to recognize the reasonable time span for this current project total time
methodology.

Task Name Duration Start Finish

Project Identification 30 days 1-Sep-20 30-Sep-20
Initial Meeting 2 days 1-Sep-20 2-Sep-20
Assigning Committee 4 days 3-Sep-20 6-Sep-20
Market Research 24 days 7-Sep-20 30-Sep-20
Project Implementation 90 days 1-Oct-20 31-Dec-20
Staffs Allocation 15 days 1-Oct-20 15-Oct-20
Research Allocation 16 days 16-Oct-20 31-Oct-20
Training and Development 15 days 1-Nov-20 15-Nov-20
Marketing works 44 days 16-Nov-20 31-Dec-20
Launch to the Market 30 days 1-Jan-21 30-Jan-21

15
 Target Allocation 10 days 1-Jan-21 10-Jan-21
Additional Benefits 10 days 11-Jan-21 20-Jan-21
Feedback 10 days 21-Jan-21 30-Jan-21
Table 2: Project Plan of Commercial Smart Current Account Project

Figure 3: Project Plan of Commercial Smart Current Account Project

2.7 Resource and Responsible Management for Commercial Smart Current Account
Project

16
Basic source management introducing hold on the above Project plan chart that is as per the
bellow.
Activities Source Type
Project Introducing  Project Head
 Head of Marketing
 Team of Marketing

Implementation of the Project  Sales & Team of Marketing

 Team of Marketing
 T & D Head
Delivery to the Market  Project Head
 Sales & Team of Marketing
Table 3 :Resource and Responsible Management for Commercial Smart Current Account Project

2.8 Budget and Cost Distribution Plan Commercial Smart Current Account Project

The Project expect mostly developed to complete the Project expenses plan. Developing and
monitoring a project budget which will achieve the project destinations is most of project the
executives’ developers. Although customers anticipate that the project should be developed
efficiently, cost pressures shift on project.

Project spending plan is separated into 2 classes as inner plan and outer cost plan. When in the
perspective on the Internal, it incorporates staff establishment, conveyance and setting up the
staff to update the advertising aptitudes and item information. Outside cost plan incorporates
transport, promoting and review from the client.

Project work Cost

Inside cost
Training of workers Rs. 100,000
Developments Rs. 200,000
workers Salary allocation Rs. 1,000,000
Outside Cost
Advertising cost Rs. 1,500,000
Feed backs of Surveys Rs. 400,000

17
 Logistics Rs. 100,000
Total Rs. 3,300,000
Table 4: Budget Plan of Commercial Smart Current Account Project

2.9 Cost Distribution Plan for Commercial Smart Current Account Project

Cost circulated for new item dispatch project inside expense and outer expense should be
overseen by Head of Finance Division, that is the framework technique of Commercial Bank.
which Costs are according to the accompanying.

Description Cost
Project Initiation 10%
Promotion cost 40%
Feedback cost 30%
Logistics cost 10%
Final Confirmation 10%
Table 5: Cost Distribution Plan for Commercial Smart Current Account Project

2.10 Risk Management Plan for the Project

Risk release on all tasks. The project bunch separates the recognized threats and evaluations the
likelihood of the dangers occurring. The gathering by then surveys the conceivable impact on
venture goals if the event occurs. The outcome from this cycle is a composed overview of
surveyed venture hazard with a value that addresses the likelihood of occasion and the
conceivable impact on the task.

18
Risk affect matrix is mentioned on the likelihood & effect of the found the risk.

Figure 4: Risk Affect

Matrix

Mentioned on the above proper matrix, found the risk concerns are expressed as bellows.
Impact
Minimum Medium High
High Technical project
Probability

risk
Medium Time Competitor
project risk
Minimum Staff turnover
in project
Table 6: Risk affect matrix of Project

Dealing with the risk perceived as the last advance of the risk plan. In this manner, the
overseeing plan risk variables ought to be classified as maintain a strategic distance from,
alleviate, move and acknowledge.

Factor Impact Analysis

Project Technical Risk Mitigate

Project Competitor Risk Mitigate

Project Staff turnover risk Transfer

Project Time Mitigate

Table 7: Risk Impact Analysis of Project

19
Considering this risk, the executive’s follows of the arrangement, the project method could be
monitored and to the finish each project stage.

3.0 CHANGE MANAGEMENT PRACTICES IN THE PROJECT

Change the management tends to individuals’ side of working. Making another affiliation,
arranging new work gauges, and realizing new advances may never watch their most extreme
limit if don't bring your family along. That is because cash related accomplishment depends upon
how by and large individuals in the affiliation handle the change.

Which are 5 unmistakable in viably coordinating with a change cycle in extend the project
management:

• Introducing the change goals.

• Develop a system and plans to complete that project goals.

• develop a task, the board coordinating to affect the change.

• Fixing a monitor cycle to screen preview.

• Monitoring the undertaking by actualizing the over 4 stages.

3.1 Change Management Practices for Commercial bank New Current Account Project

1. Impact an adjustment in commercial Bank Structure, Staffing designation, bank

framework in commercia bank association
2. Below Strategy changes in commercial bank
 Bank Investment Opportunities
 Timing of another project
 Commitment by the other staff
3. Convert of bank projects
 main group to interface with all impacted groups
 Plan for change to objective organization
 Note for control after changing complete in organization
4. Change of Project Schedule

20
 5. Change of Project Cost
6. Change the technical Progress

3.2 Impact Assessment to the Triple Constraints and Formal Communication of Variances
to the Stakeholders in Commercial Smart Current Account Project.

Triple Constraints

The three necessities that venture bosses should be familiar with are time, degree and cost. These
are regularly known as the triple constraints or the venture the chief's triangle. Each basic is
related with the other two; thusly, for example, extending the extent of the errand will likely
require extra time and money, while quickening the course of occasions for the undertaking may
diminish costs, yet likewise decline the degree.

Figure 5: Triple Constraints

1. Time Constraint: The time constraint evaluates to the task's method for fulfillment,
counting the break times for each time of the venture, commonly as the date for workout
of the finish deliverable.
2. Scope Constraint: The scope of a project portrays its main targets, desires, specification
and control, despite the endeavors expected to finish the venture
3. Cost Constraint: The cost of the task, habitually mentioned the task's expensive plan,
includes the sum of the financial sources anticipated to finish the undertaking on time, in
it fated degree. Collect that expensive doesn't just mean finance for raw materials. it
incorporates expensive for task, shippers, quality monitoring and different components,
moreover.

21
These constraints are likewise a significant aspect of the project administrator group customer
relationship. They can be utilized as a proper structure for concurring on what ought to be given,
for how much and by when. It sets desires that everybody can concede and gives a benchmark to
changes in the event that they should be made.

Formal communication of variances to the stakeholders

As per scientists they have found that over 80% of project are coming up short considering
absence of correspondence of undertaking supervisor and group. Formal Communication is the
fundamental main factor of project achievement and it is basic to maintain project continue
without any problem.

Appropriate communication the executives within the project group is the basic key to
accomplishment the entire project. It is fundamental to make appropriate communication plan
between the project partners to dodge the negative impact. To perceive the crowd and partners it
is essential to impart the personal mindful, the technique for correspondence communication and
the recurrence for executing the arrangement.

3.3 Formal Communication Management Plan for Commercial Smart Current Account
Project

Project Name Introducing of Commercial Smart Current Account Project

Focus Communication management plan for prefer Commercial Smart

Current Account introducing for Rs 45,000/- or above income client
who route their monthly revenue to Commercial Bank Plc.
Purpose To evaluate compelling communication instrument into the partners to
monitor to the Project.
Methods  Finished the Project Communication Plan task sheet.

 Use task sheet data as requirements to finish the project scope

 Keep finished task sheet with the other project management

22
 documentation

Phases of project following are:

Project Introducing

Planning of Project

Project releasing

Project Monitoring

Project Finishing

Method of Communication system in Commercial Smart Current

Account Project
Minutes of Reports

Minutes of Meeting
Reviews
Mail Communication

Calls and SMS

Small Notes

Important dates and time schedule

Table 8: Formal Communication Management Plan for Commercial Smart Current Account
Project

Communication plan is overseen by the task manager. Each communication is into phone and
email. Consistently they are having a gathering and each conversation are recorded into the
communication log.

23
 4.0 AGILE/SCRUM METHODOLOGY
" Agile " or "Scrum" is other conventional Project management/item improvement method and
content of deft venture the team. Scrum is a term from rugby (scrimmage) that infers a strategy
for rebegins a game. It takes after rebegins the assignment tries every X week.

Scrum uses sequential runs for progression. Runs take after little errand stages (ideally two to
about a month). The learn is to provide one day to foresee what should be conceivable now, by
then make what was prepared for, and show it at the completion of the run. Scrum uses a brief
step by step meeting of the progression gathering to check what was done yesterday, what is
made game plans for the next day, and think about how conceivable it is that anything is
obstructing the partners from accomplishing what they have zeroed in on. At the completion of
the run, what has been shown would then have the option to be attempted, and the accompanying
run cycle starts.

Scrum methodology mentioned several major duties. They are:

 Project owners: Mainly, the businessperson of the endeavor who knows the business, the
market, the customers, and the business destinations of the Project. The thing owner should be by
and by related with the Scrum cycle, mainly the masterminding and the indicating parts of the
run.
 Scrum Master: Genuinely like an undertaking chief, anyway not really. The Scrum Master's
commitments are essentially to take out obstacles that block the headway of the progression
gathering, energize the thing owner how to extend pace of gainfulness (ROI) to the extent
improvement effort, empower creative mind and reinforcing of the gathering, develop the
effectiveness of the gathering, develop planning strategies and instruments, run each day standup
social affairs, track progress, and assurance the adequacy of the gathering.

 Development team: Self-figuring out (contact activity), drew in social affair; they look into
organizing and evaluating for every run, do the unforeseen improvement, and show the outputs
around the completion of the run. It had been explained that the main size for an improvement
bunch is 7 +/ - 2. The progression gathering could be developed into "team lets" that "swarm" on
customer ideas, which are made in the run organizing meeting.

24
The Scrum technique utilizes measurements to support with future arranging and following of
activities; for instance, "burn to the ground" – the quantity of hours staying in the run difference
in the days;

4.1 Differences of PMI Standards Vs Agile/Scrum

1. Project Multifaceted Nature

PMI Standards:
This procedure is the most fit for close to nothing or less marvelous endeavors as it follows a
straight strategy. Startling changes in the endeavor or some different complexities can block the
all cycle and force the gathering to re-visitation of stage once start from the earliest begins point
alternative.

Agile:
This is the best strategy to proceed if there ought to emerge an event of complex endeavors. An
amazing endeavor may distinctive connected stages and every stage may be dependent on
various others rather than a singular one as in direct undertakings. Thusly, Agile methods are
supported for tremendous and complex undertaking.
2. Project Adaptability
PMI Standards:
This technique coordinates with a conviction that once a phase is complete, it won't be
researched again. Consequently, it isn't flexible to quick changes in the work method. In case any
unanticipated essential develops, or any assortment is required, the standard philosophy fails to
acclimate to new alternatives. The primary choice is to begins from the soonest initiating stage to
be sure.
Agile:
The adaptability factor is incredibly high in this framework since it isn't immediate. Complex
venture contains a couple of interconnected stages, where a change in one stage can cause an
effect on another. venture chiefs can confront decided difficulties in such circumstances, as there
is a chance of high adaptability.
3. Scope for Feedback and Changes
PMI Standards:

25
Each cycle is properly ordered and portrayed close to the initiate of the undertaking in the
standard system. It can't deal with any gigantic convert or information that may need a change at
the same time. For the most part, the task transport time and budgetary arrangement are fixed and
allows.

Agile
There is a more affirmation for analysis and convert in this technique. The cycle is altogether
versatile and allows consistent information that could support to give a prevalent yield inside the
fixed assignment movement time.
The essential inspiration driving Project directors or fashioners pick Agile is for the versatility it
offers. Specialists involving with Agile organization can respond to customer requests soon as
they are simply keeping an eye on little bits of the endeavor at a time and the customer affirms
each accentuation or run before wrapping up.

4.2 Application of Agile/Scrum in the Commercial Smart Current Account Project

The Application of Scrum

Scrum is applied for lot of services, or gatherings. Important Scrum services incorporate the run
coordinating the meeting, the everyday scrum, the run survey and the run review. Working in
time boxes instructed runs is additionally required. Delivery coordinate and gatherings are
discretionary and evaluate the arranging and estimating of gatherings of scrum in Commercial
Smart Current Account Project.

 Planning the Meeting of Commercial Smart Current Account Project

The arranging meeting is hung on the primary day of every run. The ScrumMaster, Product
Owner, and Team are all in participation. The Commercial Smart Current Account Project
Owner presents the arrangement of highlights the person in question might want to find the
finished in the run (the "what") at that point the group decides the duties expected to actualize
these highlights (the "how"). Work gauges are investigated to whether the group could finish all
the highlights mentioned in the run. Assuming this is the case, the group focuses on the run. If
not, the minimum requirements highlight return into the item accumulation, still the remaining
task at hand for the run is sufficiently little to provide the group's responsibility.

26
  Tracking Progress of Commercial Smart Current Account Project

When the run arranging meeting for Commercial Smart Current Account Project is completed
and the coordinating has made an involvement, the gathering start to watch its advancement
utilizing significantly clear communication radiators. These radiators fuse the burndown plot and
the task team.

 Sprint Review of Commercial Smart Current Account Project

The Commercial Smart Current Account Project Teams monitors the criticism and fuses it
varying into the item accumulation. When the survey is finished, the group (without the partners)
directs a review to figure out what they have did well that they wish to keep doing, what they
battled with, and what suggestions they have for convert going ahead. An activity plan is
creating, and these things are evaluated throughout the following run, and surveyed for viability
in the following run review.

 Project Delivery Planning of Commercial Smart Current Account Project

Conveyance Planning is furthermore significant for Scrum and is a way to deal with do long
stretch preparing for a period box that contains different runs. It is consistently complete
quarterly, and the results of the quarter should not be a conveyance to the users yet may
essentially be an inside conveyance to insist structure coordination and endorsement

4.3 Benefits of Agile Scrum Methodology in Commercial Smart Current Account Project

Following of the Important benefits of agile scrum methodology in Commercial Smart Current
Account Project

• Flexibility and flexibility

• Creativity and advancement

27
• Minimize the Project costs
• Project Quality Advancement
• Organizational collaboration
• Employee fulfillment
• Customer fulfillment

5.0 CONCLUSION
This Project report covers the entire task usage of Commercial Bank PLC. It is focusing on the
new business cycle of Commercial Bank PLC. From this undertaking new Current Account item
dispatching to the bank which is principle goal of the task. The task objective is to be effectively
completed inside restricted timeframe, tending to, and perceiving area in the association and
improving the viability of the item or administrations. Time, scope include is focused on the
28
upgrade of the undertaking the executive’s perspectives. Undertaking directors perceive the
partners needs and needs which is fundamentally evaluated and the administration of
correspondence in like manner especially locked in. Project Risk the board plan is used to
recognize the key risk components

In this circumstance wish to prescribe the proposed undertaking to be execute for Commercial
Bank PLC to dispatch extraordinary current record for Rs 45,000/ - or above incomed client
empower to improve the ease store base of the bank.

Reference

Cleland, D.I . (1999). System Analysis and Project Management. New York: NY.

Hamilton, A. (2004). Handbook of Project Management Procedure (Vol. 1st ed). Australiya:
Telford.

29
Harrison F.L, Lock, D. (2004). Advanced Project Management. A structure Approach(1st ed).

Keegan, A. and Turner, J.R. (2002). The Management of Innovation in Project-based firms (Vol.
35). Long Range Planning.

Lock, D. (2007). The Essentials of Project Management (Vol. 1st). England: Gower Publishing
Ltd.

Morries, P. (2002). The Anatomy of Major Projects. A study of the Reality of Project
Management.

R.G, Cooper. (2001). Portfolio Management for New Products. Cambridge: Perseus Books.

Cohn, M. (2006). Agile estimating and planning. Upper Saddle River, NJ: Pearson Education,
Inc.
Project Management Institute. (2008). A guide to the project management body of knowledge
(PMBOK® Guide) (4th ed.). Newtown Square, PA: Project Management Institute.

Schwaber, K. (2004). Agile project management with Scrum. Redmond, WA: Microsoft Press.

Schwaber, K., & Beedle, M. (2001). Agile software development using Scrum. Upper Saddle
River, NJ: Prentice Hall.

Project Management From Simple to Complex by Russel Darnall, John Preston, Eastern
Michigan University. © CC BY (Attribution).

https://www.combank.net/newweb/en/news/category/8-news-and-events

30