Project management Assignment Example | Topics and Well Written Essays - 2750 words

Project management - Assignment Example Being one of the biggest and most innovative banks in New Zealand, ASB Bank needed to minimize energy consumption in all its headquarters and branch networks. Besides minimizing energy, cost the bank also wanted a solution that would enable a countrywide communication infrastructure, which would be reliable and secure. In addition, the bank also wanted a solution that would be independent of the bank’s data network. Finally, the fact that the smart metering technology was a new phenomenon in the New Zealand market necessitated the bank to find an experienced M2M partner. All these formed the primary goals of the establishment of the Machine-to-Machine (M2M) smart meter solution project. To minimize energy consumption, the bank aimed at installing a network of more than 200 smart meters in the in its headquarters and branch networks all over the country. The proposition of the project was to install smart meters in each ASB bank branches countrywide and around 10 smart meters in the bank’s data centre, call centre, and headquarters. The smart meters installed would collect data in a 15 minute interval, from eight power sources, and then feed the information collected to a central server in a 30 minute interval on a daily basis. This would enable the ASB Bank to monitor the data in each of its branches in a near instantaneous manner, verify the load profile, and respond to any problems in any of the branches accordingly. Smart meters would be installed in all the bank’s branches, key buildings and individual loads in bigger buildings. After the smart meters collect data from all the branches and offices, the data can be manipulated using numerous customized reports and automatically sent to the main server To enable successful project scheduling, the project goals must be broken down into tasks before the delivery dates, resource constrictions, or task contingencies are considered. When