Create a time-phased budget for your example project

Assignment Help Business Management

Reference no: EM131607267

Task 1: WBS (level 2/3) - Word doc or MS Project

You need to create level 3-4 WBS. It should have a minimum of 40 tasks. Use the indented format and level 1 as 4 phases of project life cycle.

Task 2: Gantt chart -

Firstly you need to do Activity Estimation i.e. estimate the duration of each activity and Secondly dependencies between eh activities need to be determined before you can create a schedule and MS Project builds the Gann chart. You also need to allocate resources to each activity ( 1 resource per activity) from the table given below (PS: You do not need to use all the resources listed below, you may use the ones you need to complete your project)Gantt chart should include all the resources allocated in this project. You should attach the MS project screen shots to prove your workings.

The Resource table to be used for allocating resources is as below

				$ per Hour
Project Manager				80
Systems Analysis				60
Graphic Designer				50
Application Programmer				50
Web System Expert				70
Program Team member_1				50
Program Team Member_2				50
Quality Assurance Tester				60
Database Administrator				50
Team Member_1				35
Team Member_2				35



Working Days				5 days per week ( No Over time required)
Working Hours				8 hours per day ( 8.30 - 5.30pm) - 1 hour for lunch

Task 3:

Create a time-phased budget for your example project using bottom-up estimating. As you allocate resources to the activity your budget is being created. After you extract the Gantt chart, revisit the activity list and be sure to check direct labour costs for you and your team has been added and add 20% for fringe.

In this section, State all assumptions and constraints you have used when creating your budget. Give examples of known knowns and known unknowns (these are financial risks) on your project. Describe how you have budgeted for both of them plus how you have budgeted for unknown unknowns.

Task 4: Risk Register

Create a risk register In the form of a risk register as per the format and example below

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

Task5: Quality Management Plan.

It should include:

a short statement that reflects your team's philosophy or objective for ensuring that youdeliver a quality system to your client.

Develop and describe 3 quality issues related to this project that your project team could implement to ensure quality.

Task 6: Closure checklist and project evaluation

Develop a closure checklist that the project team will use to ensure that the project has be enclosed properly.

Develop a project evaluation -outline and discuss how your project's MOV will be evaluated.

Reference no: EM131607267

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