China Center ITable of ContentsDeclaration.............iAcknowledgement....iiExecutive Summary....iiiTable of Contents.......1Chapter No. 0131)Introduction31.1)Objectives31.2)Mission Statement3Chapter No.0242)Project42.1)Introduction of Project42.2)China Center Project Structure52.3)Project Detail62.4)Plan Provision for China Center62.5)Procurement82.6)Procurement of Raw Material82.7)Project Objectives82.8)Project Description82.9)Project Justification92.10)Deliverables92.11)Miles Stones102.12)Financing Plan and mode of financing112.13)Project Benefits112.14)Project Priority Matrix11Chapter No.03123)Scheduling12Chapter 04134)Resource management134.1) Monitoring and Controlling13Chapter 05135)Crashing of project13Chapter 06146)Project Estimation and Budgeting146.1)Ball Park Approach146.2)Comparative Approach146.3)Feasibility Approach146.4)Definite Approach14Chapter 07157)HRM Recruiting/Selection for specific relate to Project15Chapter 08158)Limitation of the Project159)Conclusion1610)References17Appendix A18Questions:18Appendix B19

Table of TableS.NoDescriptionPage #

1Plan Provision for China Center I6

2Milestones10

3Project Priority Matrix11

4Network Schedule19

Table of FigureS.NoDescriptionPage #

1Companys Structure (Figure 01)5

2Financing plan (Figure 02)11

3Network Diagram (Figure 03)21

Chapter No. 011) IntroductionTime Marketing is full service marketing, advertising agency and Construction Company founded in 1975 by Syed Ahmed, nearly 40 years experience in construction as well as in marketing .Time marketing emerging as one of the fastest growing professional marketing and construction concerns of Pakistan, time marketing is now considered as the true market leader of innovative real-estate marketing as well as construction. With a vastly experienced and qualified team of successful marketing and advertising practitioners, time marketing has developed a highly sound reputation and an outstanding track record of success. In fact, the team behind time marketing enjoys the honor of establishing the Real-Estate Marketing Sector in Pakistan. According to Marketing and project manager, they believe in professionalism, dedication & smart work to create trends and benchmarks in the industry.Time Marketing, with an experience spread over decades of marketing real estate projects has played a major role in the development of residential & commercial projects throughout the country. Specialized in creating and maintaining cost structures and placing the projects in the relevant market segments has made Time Marketing a close associate of the builders and developers throughout Pakistan. With the help of in-house top notch team of professionals in planning, research, marketing and sales, Time Marketing offers state of the art real estate marketing, advertising and sales services.1.1) Objectives Client satisfaction is our highest priority We are professionals and deliver professionalism We take challenges as opportunities1.2) Mission Statement The mission of Time Marketing is to offer superior products and services in the real estate sector by developing innovative solutions that help the clients, builders and retail property operators. Time Marketing takes pride in providing its clients with wonderful housing opportunities, and its investor friends with a superior rate of return associated with the rising prices of prime real estate. Time Marketing was established in the belief of founding real estate marketing as well as Construction Company that would help the clients, builders and retail property operators to visualize and forecast the result of their investments clearly, thus reducing the uncertainty that is considered a hallmark of real estate business and investments in Pakistan.Chapter No.022) Project Detail2.1) Introduction of Project Wallayat complex is the project of Time Marketing which includes China Center I, II, and Rabi Center etc. We have done project on China Center I. China Center is a modern commercial center which offers the highest level of business opportunities. China center is a masterpiece of its kind. A multistoried Chinese architecture ideally designs for stores, shops and display center. A fantastic commercial center that has a wide number of shops inviting sales of luxuries goods, electronic items, consumers durables, furniture, jewelry, fashion brands, cosmetics and boutiques. The entire center is being constructed according to the highest standards of quality, technical facilities and safety. Location:China Center I is built on a prime location inside Wallayat complex Bahria Town phase 7, ideally situated at BahriaTown expressway, the gateway to Bahria Town phase 7 and DHA I Rawalpindi. Starting Date:7 August 2014 Total Duration1.5 Years Cost:Rs. 680 millions End Date:Under construction. Authorities Responsible Fora) Approved by: RDA ( Rawalpindi Development Authority)b) Execution: Time Marketing Pvt. Limited c) Operation and maintenance: Time Marketing Pvt. Limited OfficeTime Marketing, Wallayat Complex,Main Expressway, Bahria Town Phase -7,Rawalpindi.Tel: 051-5891910, 051-5891500.Email: info@timemarketing.pk URL: www.timemarketing.pk2.2) Plan Provision for China CenterPlan will be executed in 3 phases:PhasesProposed work during PhasesProject Time Frame

Phase IPre-Construction7 August 2014 20 December 2014

Phase IIConstructionIst Jan. 2015 15 December 2015

Phase IIIPost Construction16 December 2015 Ist February 2016

Phase I Pre-construction: Pre-construction phase includes concept, feasibility and design. Pre-construction determines the ultimate outcome of a project. At this stage, construction contracting methodology must be determined. Will the project be design/bid/build, or will a construction manager be brought on board to assist with the process? The clients responsibility is to: Address why the project is necessary Prepare a functional program Determine how will it be fundedAt the conclusion of the pre-construction phase, the following must be confirmed: Scope Cost TimingPurpose of the feasibility study: Determine what needs to be done to deliver the project (a technical report) What will it cost? Is fulfilling the purpose viable under the constraints? What options are available to make it viable?This phase usually costs around 8% to 10% of the project cost.Phase II Construction: During the Construction Phase, focus on material procurement, Labor resources etc.. Monitoring of progress is required to ensure: The budget is not being exceeded The schedule is on track The defined scope of work is not being compromisedThe construction process of China center includes; Break Ground Excavation Foundation Framing Lighting and Electrical Flooring Tiling Painting Cabinets, Shelving Finish Plumbing2.3) ProcurementChina center management is purchasing all raw material used in construction very effectively. Cement is that material which is use in high quality A+ quantity but the customer is not affords that quality of material so for that looking its need they contacted with the cement manufacturing company that is Russia and china are import to prepare all the material on project site.2.4) Procurement of Raw MaterialRaw material is purchased internationally. Internationally they purchase from;1. China1. Russia1. They outsourcing their machinery Mosa khan co and Zubaira are the builders.Phase III Post-construction: Post construction phase include; Completion of deficiencies Completion of deferred work Issuance of close-out documents for the owners use Commencement of the warranty period Release of statutory holdback fundChapter 03Organizational StructureFigure 01

Chapter 04Defining a project2.5) Project DescriptionChina Center is a modern commercial center which offers the highest level of business opportunities. China center is a masterpiece of its kind. A multistoried Chinese architecture ideally designs for stores, shops and display center. A fantastic commercial center that has a wide number of shops inviting sales of luxuries goods, electronic items, consumers durables, furniture, jewelry, fashion brands, cosmetics and boutiques.2.6) Project JustificationIn recent year due to the rapid urban development, this part of city (Bahria Town) has become home of over a million people and it is estimated that half a million people passes through Wallayat complex every day. This makes it the most visited area of the region and more ever most of the wants everything under one roof. China center provide an opportunity for businesses to capture the demand these people and make them their target market. It also provides an opportunity for customer to purchase products under one roof because China Center offering one roof solution.Project Scope2.7) Project ObjectivesThe main objective of China Center I is to offer superior products and services to business sector by offering one roof solution. China Center was established with the objective of developing innovative solutions that help the clients to visualize and forecast the result of their investments clearly thus reducing the uncertainty that is considered a hallmark of real estate business and investment in Pakistan.2.8) DeliverablesA deliverable may be composed of multiple smaller deliverables. It may be either an outcome to be achieved. A deliverable differs from aProject Milestonein that a milestone is a measurement of progress toward an output whereas the deliverable is the result of the process. A milestone might be the completion of a product design while the deliverable might be the technical diagram of the product.After defining objectives next step is to define deliverables which are expected outputs at the end project. Deliverables for this project China center are 350 shops which include mobile shops, cosmetics, jewelry, fashion brands, food items etc.2.9) Miles StonesS. No.Miles stonesCash Payment (%age)Payment (million)

1Approval from RDA5.00%34 .00

2Fulfillment of Pre construction requirement8.00%54.40

3Foundation13.00%88.40

4Farming (Basement)4.00%27.20

5Roofing (Basement)2.50%17.00

6Farming (Ground Floor )4.10%27.88

7Roofing (Ground Floor )2.80%19.04

8Farming (Floor 1)4.70%31.96

9Roofing (floor 1)3.15%21.42

10Farming (Floor 2)5.50%37.40

11Roofing (Floor 2)3.70%25.16

12Farming (Floor 3)6.20%42.16

13Roofing (floor 3)4.25%28.90

14Farming (Floor 4)6.90%46.92

15Roofing (Floor 4)4.60%31.28

16Lighting & electrical of each floor10.00%68.00

17Plumbing at each floor1.50%10.20

18Tiling at each floor7.00%47.60

19Painting at each floor3.10%21.08

Total100%680 millions

25% of the payments are paid in advance while remaining 75% are paid after the milestone achieve.

2.10) Project Benefits/MeritsThis project include the following benefits: 70-800 working labor working on china center, growth in general employment level Huge consumption of raw material helps to flourish national industries China Center is building with a aim of source of conducting economies activities China center is basically growing market.2.11) Project Priority MatrixPriority matrix actually tells that what is an important point should be first. So here time is the more important factor for the Time Marketing & Construction Company.TimePerformanceCost

Constrain

Enhance

Accept

In this priority matrix it is clearly shown that in this project there will be no compromise on performance. While time period can be extended because of various reasons some of them are weather condition Bills paymentsCost is tolerable in case of increase of cost this should be acceptable because inflation rate didnt remain the same throughout the project life.Chapter No.033) Scheduling Project scheduling is concerned with the techniques that can be employed to manage the activities that need to be undertaken during the development of a project. Scheduling is carried out in advance of the project commencing and involves: identifying the tasks that need to be carried out; estimating how long they will take; allocating resources (mainly personnel); Scheduling when the tasks will occur.Effective project planning will help to ensure that the systems are delivered: within cost; within the time constraint; To a specific standard of quality.Two project scheduling techniques are used, the Gantt chart and the Activity Network. Two software are used in scheduling of activities in project management; MS Project PrimaveraTime Marketing & Construction Company use primavera software for managing their activities. Features of Primavera Balance resource capacity Plan, schedule, and control complex projects Allocate best resources and track progress Monitor and visualize project performance versus plan Conduct what-if analysis and analyze alternative project plans

Chapter 044) Resource management Two main resources are required for this project Machinery ManpowerTime Marketing & Construction Company has the most efficient and skilled full employees and labor. Mostly they didnt hire new people for their new project they hire employees which are working on other projects. A company cant perform all activities and company dont have all the resources to full fill the work so in China Center project 4.1 ) Monitoring and ControllingWhile all activities are being performed starting from digging till the last step every step require, closer monitoring and supervision and guidance from the higher authority is required and the laborer have a direction what specific mile stone they have to achieve in certain in certain period of time. Controlling is the source of life which is a three step process, measuring actual performance against the desire, than to see the gap and then taking corrective action. Mrs. Shabnam Batool (Project Manager) directly monitor and control the activities of the project and labor. Chapter 055) Crashing of project The process of reducing the time line of project is called Crushing. Companies do the crushing because; Completion on time Market Competition For avoiding the penalty In case of emergency Or any political eventsTime Marketing and Construction Company are not using crashing approach. Means they are not crashing their activities. According to Hashmi Sab, they will complete their project within the time frame; maybe they complete this in less time. So according to them there is no need to crashing their activities because it requires more labors which ultimately increase the cost of the project. Chapter 066) Project Costing, Estimation and Budgeting Financial DetailUsually business uses two modes of financing for their projects. The first one is equity (part of capital invested by the owner itself) and leveraged financing (part of capital employed usually in the shape of debt/loan). As per china center 100% finance are provided by the owner itself, so there is no leverage financing. Figure 02

Project Cost PlanningTotal cost of the project is 680 millionExpenditures (Monthly)S.No.Fixed ExpensesAmount(Rs.000)Variable ExpensesAmount(Rs.000)Total Expenses(Rs.000)

1Wages1274Utility Bills2501524

2Salaries1100Fuel10002100

3Rent560Carriage5001060

4 Advertising250Repairing100350

5Internet Bill5Misc. expenses5055

Total318919005089

Property Tax Annually = Note:Total Wages = Total labor Daily wage rate70 700 = 49,000Monthly Wages = 49000 26 = 1274000Salaries = Total employees monthly payment 10 110000 = 1100000Rent = No. of Machines Rent per machine (Average)7 80000 = 560000Cost Estimation TechniquesIn the cost estimation there are 4 methods from which a company can calculate their expected cost of the projects these are common approaches which companies are using for knowing a guess based cost estimation. These are; Ball Park Approach Comparative Approach Feasibility Approach Definite Approach Time Marketing & Construction Company are using the comparative approach for cost estimation of the project. Means they are using top down budgeting approach.Project Budget:Project budgeting development process is the mix of analysis, estimation repetitive work and intuition. The aim of project budget is to support the project to achieve its goals. Project budget is identifies and allocate the resources. The project budget communicate can we achieve mile stone or not. WBS, Scheduling and Budgeting have relationship with one and other.

WBS PROJECT PLAN Scheduling Budgeting

There some different project budgeting methods which are used to collect project related informations. The ways in which cost data are collected and interpreted mainly depend upon whether the firm employs a top-down versus bottom-up budgeting procedure. Top down Budgeting Bottom up Budgeting Activity based Budgeting In the above three methods China center only used the top down budgeting method.China center (Top down budgeting):In the china center project used Top down budgeting method. In top down budgeting method budget is allocated by top management of on the bases of their past experience and intuitions. By using this methods top management have full control on budget. China center said that budget is allocated by top management and then pass down to the hierarchy then project is broken to more detailed and specific pieces of activities.China center Budget Contingences:Budget contingency mean the allocation of extra funds to cover the uncertainties and unseen events to improve the chances of project success. China center also allocate project contingency fund but they did not need of extra funds. They also allocate separate fund for uncertainties. There are several reasons to allocate of Budget contingency fund some common reasons are as follows. Project scope is subject to changes Murphys Law is always present Cost estimation must anticipate interaction costs Normal conditions are rarely encounteredTime Marketing & Construction Company are using the comparative approach for cost estimation of the project. Means they are using top down budgeting approach.Chapter 077) HRM Recruiting/Selection for specific relate to Project Right now for this project Time Marketing & Construction Company has 8 permanent labor and 7 to 8 are non-permanent workers. They are not hiring the people for their projects because they use their own site permanents workers. The Project manager said that if we required more staff for the project then we call labor that are not permanent but mostly they work with us and then they come here and work. Company has created a special department for their employees and daily wages workers. This department is giving them incentives relating bonuses, health facility; insurance these all things are given by the company for motivation of their employees and labor.Chapter 088) Limitation of the ProjectThere are several limitations of the project which creates hurdle in performing the activities and it causes so problems for the organization. Sohaib Hashmi said that in the project China Center I we meet fallowing limitations;Followings are some limitations: Health and Safety of labors Raw material price fluctuation Height is been limited by 10 tanks taken by the road ordered by RDA Weather condition of this region is very uncertain. In summer temperature goes up to 50 degree due to which its not possible for labor to conduct activities and there is also a rain issue. Due to which mostly work was stopped. Holidays issues due to political and several issues in Rawalpindi and Islamabad there are many uncertain issues to face in shape of holidays which are not in schedule of china center.

9) ConclusionAfter doing this project it may conclude that project management is very important for any company to schedule, monitor and control their project. Especially for construction companies like Time Marketing & Constructions application of knowledge, skills, tools and techniques for project activities are very important because whenever companies like Time Marketing and Construction Company build new plazas, dams, roads or any other building they need to plan (both financial or human), schedule, monitor and control all the activities to complete their projects well at time. As per Time Marketing and Construction Companys project China Center I it is concluded that company uses most of the project management tools and techniques. This help them to complete this project within time span. Right now the project is under construction and company are achieving their milestones within the time allocated for each activity. At the end it is concluded that as a part of Project Management analysis we have good understanding of the various processes in construction industry. The broad objectives of our projects to learn about the project management practices involved in construction, and to analyze the operations activities in depth were achieved.

10) ReferencesSohaib Hashmi, Project Assistent, time marketing Wallayat Complex, Main Expressway, Bahria Town Phase -7, Rawalpindi.Abdul Waheed Saddiqi, marketing manager, marketing manager, Wallayat Complex, Main Expressway, Bahria Town Phase -7, RawalpindiShabnum Batool, project manager, time marketing Wallayat Complex, Main, Expressway, Bahria Town Phase- 7, Rawalpindi.http//www.timemarketing.pkhttp//www.facebook.com/timemarketinginfo@timemarketing.pkSohib.hashmi76@gmail.com

Appendix AQuestions:1. Kindly give us introduction about china centre?1. How you obtaining this project?1. What quality standard you follow in this project?1. Start time of project is?1. What is the estimated cost of this project?1. Total time duration of project is?Will this project is complete on time?1. Which are the main competitor of yours now in market?1. How you hire the labors and will the skill labors easily available?1. Will you give training your labors before starting any project and what will you do for the security and safety of labors?1. What the estimate daily wage you pay your labors?1. How many labors worked in this project?1. Which type of equipment or machinery you used in Pak-china center project?1. Which type of competition you face in this industry?1. Will you face any hurdle in this project?1. What are benefits of this project?1. What safety benefits you give to your workers?

IDActivitiesDurationPredecessor

1Purchase Land7-

2Approved From RDA41

3Clearing Site71,2

4Excavation143

5Foundation264

6Pillars84

7Shattering (Basement)45,6

8Roofing (Basement)197

9Columns (Ground Floor)88

10Shattering (Ground Floor)49

11Roofing (Ground Floor)1910

12Columns (Floor 1)911

13Shattering (Floor 1)512

14Roofing (Floor I)1913

15Columns (Floor II)914

16Shattering (Floor II)415

17Roofing (Floor II)2016

18Columns (Floor III)917

19Shattering (Floor III)418

20Roofing (Floor III)2019

21Columns (Floor IV)920

22Shattering (Floor IV)421

23Roofing (Floor IV)2022

24Construction of Walls (All Floors)457,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23

25Plumbing1424

26Electric Work1724

27Plastering3024

28Tiling2025,26,27

29Glass Work3528

30Paint work1529

Appendix B20