Create a cost baseline statement and insert into document

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Reference no: EM133701286

Homework: Project Scheduling and Cost Planning

Overview:

For this homework, you will use the document you submitted as Homework module to complete this homework. By this, I mean that you should integrate the components of this homework into that document, and then submit the updated document as Homework Module. If you are unclear on this point, please post your question into the 'Ask the Professor' thread.

Instructions:

Now, here are the instructions:

I. Update any previous work based on the feedback that I gave you as part of Homework MODULE 2. Failure to do so can result in loss of credit.

II. Create a cost baseline statement and insert into document.

III. Perform a reserve analysis, using either EMV, PERT, or both, to determine how much to request for a reserve fund (show work in appendix of document) (For those who choose to do an EMV, you will need to do a brief risk analysis of your chosen project). It is imperative that you provide a basis for your reserve estimate.

IV. Create a statement of how much reserve you will be requesting, summarize how you determined the amount you requested, and provide a brief explanation for how these funds will be used and who can authorize the use of them

V. Using the estimates from your MS Project file and your reserves analysis, create a funding request for your project. This should be a statement that identifies the total amount needed, but differentiates between the costs associated with the project and the reserves request

VI. Based on your project schedule in the MS Project file, create a funding schedule. You can do this by date or milestone. You could choose to use the following simple table headers: column (i) Date or milestone; column (ii) amount; column (iii) aggregate amount

VII. Be sure to update any previous sections of your document based on the information you developed this week. For instance, your summary budget will most likely need to be updated to account for the PM processes, if you did not account for that previously.

Reference no: EM133701286

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