Project Management Involved Formation of Airbus
Project Management involved in Formation of Airbus
The report investigates factors that led to the A380 project crisis. Analysis of the project revealed that Airbus did not integrate an effective project management model into the project lifecycle leading the project to be two years behind schedule, which eventually led to the costs escalations. The report reveals several lessons to be learned from the A380 project crisis. A project management needs to integrate effective cost management, time management and risk management in the project lifecycle. A mega project such as A380 needs to integrate a detailed risk management, cost and time management plan before project's implementation.
Introduction
The case illustrates how project management integration could lead to a project success. In 2000, Airbus undertook the largest and the most ambitious project ever developed by the company. Airbus undertook A380 project, which was projected to be similar to superjumbo jets capable of carrying 853 passengers and crew. The A380 project was the first biggest aircraft ever built by the Airbus and the project intended to address the market needs and hub airport congestion. The project was also to induce more than 200,000 jobs globally. Despite the benefits that the Airbus A380 was to deliver, the project faced several complexities before it was finally completed. The project was behind schedule leading to the escalation of the project costs. The development cost was estimated to $10 Billion; however, the development costs had increased to more than $14 Billion by the time the project was finally completed. The overall factors leading the project crisis was lack of effective integration of project management model in the project lifecycle. (Sinha, 2009).
Aim
This reports aims to investigate the impact of project management model on the Airbus A380 project. This paper reveals the shortcomings in the project and this was caused by failing to integrate project management model in the project life cycle. This paper presents several lessons to be learned from the Airbus A380 project crisis.
Problem Analysis
Airbus is a subsidiary of EADS focusing on manufacturing of commercial aircraft. Airbus is also a global leader in the manufacturing of aircraft. In enhancing its business operations, the company focuses in delivering efficient products for its customer. Over the years, the company has successfully completed many projects and part of the projects completed consist of the single-aisle A320 Family, the wide-body long-range A330/A340, next generation A350 XWB Family, and double-decker A380 Family. The company has also broadened its scope by expanding its expertise in military market, freighter aircraft. Despite the success of Airbus over the years, Airbus made headlines with the problem associated the Airbus A380 project. Typically, Airbus mega project was two-year behind schedule making the Airbus parent company to secure a loss of $6.1 billion. (Dougherty, 2006). The project failed because it suffered from several integration management problems. (Schwalbe, 2010). The launching of A380 project was supposed to be a huge success for the company and suppose to elevate the company in achieving a market leading position within the airline industry. However, the cancellation of customer's orders of Airbus A380 following a delay in completing the project had been a major blow to the company, which could have pushed the company into a bankruptcy. The major cause of Airbus A380 failure was that the company did not integrate the strategic project management principles in project lifecycle. (Garfein, 2008).
Activities and Skills of Project Management
The concept project is undertaken to create new product and services and Airbus Company attempted to undertake a new project in order to create a new Air Bus A380. The huge costs that are always associated with project require stakeholders to integrate an effective project management to enhance successful completion of a project. The project management is the application of skill, knowledge, techniques and tools to project activities to meet project objectives. (Project Management Institute, 2007). A project manager must strive to meet specific time, scope, costs as well as quality goal of project before the entire project's meet the needs of customer. (PricewaterhouseCoopers, 2004).The core functions of project management that must be integrated into a project lifecycle include:
Scope management
Time management
Cost management. (Claude and Brian 2006).
More importantly, project integration management must be included into the project life cycle to enhance project's success. The project integration management includes:
Human resource management
Communications management
Risk management
Procurement management.
The Airbus A380 project failed to meet the project time and costs because management failed to integrate some of these project requirements listed above. The implication of these shortcomings made the A380 project to...
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