Create a time-phased budget for your example project

Assignment Help Project Management
Reference no: EM131351036 , Length: word count:2000

Project Management Plan

Task

This assignment follows from the case study. For the same case study, complete the following tasks by creating the following:

1. Scope management plan (including Requirements, In scope-out scope items, Deliverables and scope verification process) to direct your efforts.

2. WBS first using either the free-form or the org chart format.

3. Gantt chart-Take the WBS you have already developed. Define all of the activities that will be necessary to create each deliverable in your WBS. Create a schedule for your project. First create the schedule by hand using Post-it Notes, and then put the information into MS Project. Take screenshots of the schedule to be pasted ni your word document that you are submitting. Be sure to include all of the summary rows (including the first row for the project title) and any key milestones. Make sure the critical path is easy to see.

4. Create a time-phased budget for your example project using bottom-up estimating. To the extent your sponsor will supply rates for workers, use those. Approximate rates for ones you cannot get. Ask your sponsor how they treat indirect costs. Be sure to include direct labour costs for you and your team mates and add 20% for fringe. State all assumptions and constraints you have used when creating your budget. State how confident you are in your estimates and what would make you more confident. Give examples of known knowns and known unknowns on your project. Tell how you have budgeted for both of them plus how you have budgeted for unknown unknowns.

5. Create a risk register ( 4 risks- 3 negative and 1 positive risk)for your example project.

Rationale

This assessment task covers topics 1 to 9 and has been designed to ensure that you are engaging with the subject content on a regular basis. More specifically it seeks to assess your ability to:

  • demonstrate how a practicing project manager actually applies project management skills,
  • methods, techniques and tools ;
  • use an industry standard project management software tool (Microsoft Project);
  • apply project management skills, methods, techniques and tools to a real world problem typical of a project manager;

Work Breakdown Structure (WBS)

  • The first major section (1.0) should be project management and include the various project management deliverables such as charter, WBS, schedule, progress reports, etc.
  • Deliverables should match those in the charter.
  • Each item on the WBS should have a unique name. If there is possible confusion between two items add an extra adjective to differentiate them. For example, two items could be "first draft report" and "second draft report."
  • Each line should be numbered with major sections being 1.0 then 2.0, etc.
  • Each major section should be broken down into between three and twelve subsidiary sections. If further breakdown is needed, more levels should be used.
  • All items on WBS are deliverables oriented (they are the "whats" of the project). Activities are defined as an outgrowth of the WBS and will appear in the schedule.
  • The WBS can be submitted in free-form, org-chart, or indented-outline format.
  • The WBS should appear to be complete with all interim and ending deliverables included.

Schedule / Gantt chart

  • The schedule should appear to be complete given the charter and WBS.
  • The schedule should appear to be reasonable without requiring heroics to complete on time.
  • Include WBS column to left of task name column.
  • Include overall project name as top row.
  • Have all summaries stated in noun only format (or adjective noun - but on present tense verbs).
  • Have all tasks (activities) stated in present tense verb-adjective-noun format.
  • Have all milestones stated in noun and past tense verb format.
  • All tasks should have dependencies shown - no loose ends.
  • Display Gantt portion of schedule as large as possible.
  • Show critical path in red (or distinctive hash marks if printer is only black).
  • Show arrows with dependencies.
  • Include no more than 40 lines per page - ensure it is large enough to read easily.
  • Include no more pages than necessary so there is little need to align multiple pages for reading unless it is a large schedule.

Attachment:- Assignment.rar

Reference no: EM131351036

Questions Cloud

Margaret lifestyle factors that contribute : Your next patient, Margaret R., age 40, is a regular of the clinic and the last patient of the day. The chart states she is here for recent episodes of shortness of breath.
What is company cost of equity capital : Halestorm Corporation’s common stock has a beta of 1.22. Assume the risk-free rate is 4.7 percent and the expected return on the market is 12.2 percent. What is the company’s cost of equity capital?
What are reward-to-risk ratios : Stock Y has a beta of .85 and an expected return of 15.90 percent. Stock Z has a beta of .60 and an expected return of 10 percent. If the risk-free rate is 6.0 percent and the market risk premium is 10.2 percent, what are the reward-to-risk ratios of..
Write one good version and one poor version : Select a topic for a survey. Write at least fi ve closed-ended questions that you might include in the survey.- write one "good" version and one "poor" version.
Create a time-phased budget for your example project : Create a time-phased budget for your example project using bottom-up estimating. To the extent your sponsor will supply rates for workers, use those. Approximate rates for ones you cannot get. Ask your sponsor how they treat indirect costs
How and when was the survey administered : What kinds of questions were included in the survey? Identify examples of each.- How were the questions developed?- How and when was the survey administered?
Neurologic disorders part one : It's been a quiet day at the clinic today. You move to the chart holder to get the chart for your next patient, Christopher D, who presents with the chief complaint of headache.
Prepare a medical withdrawal appeal : Prepare a medical withdrawal appeal in the form of a formal letter that I will send it to the dean.You had health problem diabetes and I coud not find a doctor because this is my first semster in this area.
Write a research paper on the artist kerry james marshall : Write a 5-6 page research paper on the artist Kerry James Marshall. This is not a biography, but an opportunity for you to tell me why he is important and what is important about his work.

Reviews

len1351036

1/12/2017 1:49:56 AM

Clear description of Requirements and in-scope items and out-of-scope items relevant to the case study. Clear description of project scope, including named deliverables. Scope verification/ acceptance is also defined relevant to the case study. WBS is structured, having logical and complete coverage for Project Execution and integrated into Project Schedule and Resource Matrix. Gantt chart shows- all activities included, schedule created, summary rows shown, first row shows project title , total duration shown, all necessary milestones shown, critical path shown and easy to see. Bottom-up estimating done. Direct labour costs for you and your team mates and 20% for fringe included. All assumptions and constraints you have used when creating your budget stated. Confidence level for estimation stated. Examples of known knowns and known unknowns on your project given with explanation. Budget extracted from MS Project showing overall and breakdown for all summary tasks and resource along with various costs All values of Risk register are accurate and consistent, all items of the register complete. Risks are relevant to the case study.

len1351036

1/12/2017 1:49:50 AM

The assignment is of 25% weightage, that’s why expecting around 1500-2000 words for it. Australian Student, please do it properly and need all MS Project files. Don’t submit in RAR format, use ZIP. Students are required to submit the range of documents describing their proposed project solution for the above tasks. All referencing in the project material must be in accordance with the APA style guide. Online submission via Turnitin is required for this assignment.

Write a Review

Project Management Questions & Answers

  Estimate time it will take to complete 5th liver transplant

Estimate the time it will take to complete the 5th liver transplant,  all of the first 5 transplants, and the 18th transplant.

  Supply chain management for the focal firm

Examine the problems and causes that may contribute to low quality throughout the supply chain. Soltani, et al. (2011) recommended that the leadership in the focal firm or buyer select good partners, ensure cooperation, and motivate loyalty to the..

  Find two numbers whose sum is 15

Find two numbers whose sum is 15 and whose product is a maximum.- Find two numbers whose sum is 21 and whose product is a maximum.

  Various approaches to project managementbefore we go into

various approaches to project managementbefore we go into the merits of different approaches we will view the following

  Schedule amp importance prepare a diagram work schedule for

schedule amp importance prepare a diagram work schedule for senior lunches projectour company has been hired of the

  Explain conditions under which this statement is justified

Hamming codes are said to be perfect single-error correcting codes. Justify the fact that Hamming codes are perfect.- Explain the conditions under which this statement is justified.

  Identify any potential alternative distribution channel

Identify any potential alternative distribution channel options through which you might have purchased this product.

  What zen is planning through new global motors division

If Nick decides to bring in an outside marketing research firm, he will have to reveal proprietary information that is valued at millions of dollars.- Do the MRA's Code of Marketing Research Standards address this issue?

  Show the project management and decision making

Who approves and reject changes to the scope of the project and who approves and reject resources

  What is the hedged value of americans ticket sales

What is the hedged value of American's ticket sales using a forward market hedge?-  What is the hedged value of American's ticket sales using a money market hedge?

  List six general techniques that are effective in persuasion

What is persuasion? List six general techniques that are effective in persuasion. What is the first step in the writing process for a persuasive message, and why is this step important?

  Explain about high risk hazards

Prepare strategy for stakeholder communication, participation and consultation and High Risk Hazards

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd