Create a time-phased budget for your project

Assignment Help Management Theories
Reference no: EM131355778 , Length: word count:2000

Assessment item 3 - Project Management Plan

Task

This assignment follows from the case study used in Assessment 2. 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 in 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;

Attachment:- Case Study.rar

Reference no: EM131355778

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Reviews

len1355778

1/16/2017 6:37:35 AM

Few guidelines: Your argument/concept for the assignment 2 does not have to be based on previous assignment 1. (Just a guideline, please feel free to create new concepts, business assumptions etc.) Gantt chart needs to be completed via Project Manager or Project Plan (Files/programs compatible to MAC platform). Please send the original file and extract it as PDF as well.

len1355778

1/16/2017 6:37:30 AM

The assignment is of 25% weight age, 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, Based on previous work, will share it with start working email. Lecturer is looking for quality work in terms of if the student understands the concept of, for example, how to write a work breakdown structure, She wants to see if we understand the concept, nothing to do with word count, For the Gantt chart, please use MS project and send the entire file separately, I would need to screenshot certain details to showcase as requested per lecturer.

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