Reference no: EM132622239
PROJ6002 Project Planning and Budgeting - Laureate International Universities
Project Description
As a project manager, you are to construct a Gantt chart and complete project scheduling as well as to develop the cost management planning components of your Cost Management Plan. Table 1 identifies the activities within a small project where all dependencies are presented.
Project Document
Your project document should involve the following aspects:
Create a WBS and a complete project schedule (Gantt chart, network diagram, critical path analysis) using a manual or software method of your choice and critically analyse the developed schedule.
Table 1- The dependency table and the estimated cost of activities
Activity
|
Activity
|
Predecessor
|
Expected Duration (weeks)
|
Estimated Cost (8)
|
A
|
Excavate the Site
|
|
1
|
2800
|
B
|
Lay the Foundation
|
A (FS)
|
2
|
4200
|
C
|
Put up the Rough Wall
|
B (FS+1)
|
7
|
8600
|
D
|
Put up the Roof
|
C (FS)
|
4
|
3400
|
E
|
Install the Exterior Plumbing
|
C (FF-1)
|
3
|
5700
|
F
|
Install the Interior Plumbing
|
E (FS)
|
3
|
2600
|
G
|
Put up the Exterior Siding
|
D (FS)
|
4
|
10200
|
H
|
Do the Exterior Painting
|
E(FS),G(SS+3)
|
6
|
3800
|
I
|
Do the Electrical Work
|
C (FS)
|
5
|
2700
|
J
|
Put up the Wallboard
|
F(FS),I(FS)
|
6
|
4900
|
K
|
Install the Flooring
|
J (FS)
|
3
|
2000
|
L
|
Do the Interior Painting
|
J (FS)
|
3
|
3500
|
M
|
Install the Exterior Fixtures
|
H (FF+1)
|
1
|
2000
|
N
|
Install the Interior Fixtures
|
K(FS),L(FS)
|
3
|
5100
|
0
|
Project Closure
|
M(FS),N(FS)
|
1
|
1700
|
Case Study for Supplementary Assignment
Estimate the cost of each activity using various tools and techniques. Critically discuss the appropriateness of tools and techniques used for your cost estimation and their applications. Your cost estimate must incorporate at least one resource given in Table 2 for each given activity. You also need to demonstrate different elements of cost within your cost estimation and the detailed budget.
Table 2- The available resources for the project
Name
|
Resource Type
|
Title
|
Hours
|
|
|
|
Rate (8)
|
Carol Johnson
|
Safety
|
Safety Engineer
|
50
|
Bob Hoskins
|
Engineering
|
Industrial Engineer
|
45
|
Sheila Thomas
|
Management
|
Project Manager
|
70
|
Randy Egan
|
Management
|
Site Manager
|
55
|
Stu Hall
|
Industrial
|
Foreman
|
40
|
Susan Berg
|
Accounting
|
Cost Accountant
|
50
|
Marty Green
|
Industrial
|
Shop Supervisor
|
53
|
John Pittman
|
Quality
|
Quality Engineer
|
55
|
Sally Reid
|
Quality
|
Jr. Quality Engineer
|
38
|
Lanny Adams
|
Sales
|
Marketing Manager
|
52
|
Kristin Abele
|
Purchasing
|
Purchasing Agent
|
42
|
Develop and aggregate the cost of resources needed to complete each activity and determine the detailed budget of the project.
In addition to your cost estimates and budget, include a 750-word writing to describe the processes, and tools and techniques you are using in your cost estimation and control. Further, clearly explain how your budgetary plan will be managed. You can use the templates found in this module's Learning Resources or a format of your own.