Prepare a cost baseline by allocating the costs by wbs

Assignment Help Other Subject

Reference no: EM132658475

Assignment: Open a new Microsoft Word document, Microsoft Excel document, or use the provided template to complete the following tasks.

Tony Prince and his team are working on the Recreation and Wellness Intranet Project. They have been asked to refine the existing cost estimate for the project so they can evaluate supplier bids and have a solid cost baseline for evaluating project performance. Recall that your schedule and cost goals are to complete the project in 6 months for under $200,000.

Use the Cost Estimate template and Cost Baseline template to assist with this assignment.

Tasks: • Prepare and upload a 1-page cost model for this project using spreadsheet software. Use the following work breakdown structure (WBS), and document your assumptions in preparing the cost model. Assume a labor rate of $100 per hour for the project manager and $60 per hour for other project team members. Assume that none of the work is outsourced, labor costs for users are not included, and there are no additional hardware costs. The total estimate should be $200,000.

1. Project management

2. Requirements definition

3. Website design

4. Registration for recreational programs

5. Registration for classes and programs

6. Tracking system

7. Incentive system

8. Website development

9. Registration for recreational programs

10. Registration for classes and programs

11. Tracking system

12. Incentive system

13. Testing

14. Training, rollout, and support

• Using the cost model you created in the first task, prepare a cost baseline by allocating the costs by WBS for each month of the project.

• Assume that you have completed 3 months of the project. The BAC was $200,000 for this 6-month project. You can also make the following assumptions:

• PV=$120,000

• EV=$100,000

• AC=$90,000

1. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?

2. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?

3. Use the SPI to estimate how long it will take to finish this project.

After completing your charts, write a 150-word follow-up in which you complete the following:

• Explain how the project is doing based on the CPI and SPI. Is it ahead of schedule or behind? Is it under budget or over?

• Describe the strategies or steps that should be taken for human resource management to avoid additional costs.

• Describe the strategies or steps that should be taken for resource activity management to avoid additional costs.

• Recommend 2 tools to support these strategies and explain why these tools would be beneficial.

Reference no: EM132658475

Questions Cloud

How you will measure progress on meeting the requirements : Write a 175-word explanation based on the list of standards and requirements on how you will measure progress on meeting the requirements.

Data analysis design : The CDC is proposing to train public health professionals nationally on improving Influenza A prevention strategies targeting particular high-risk groups

Develop strategy for each risk : Tony and his project team identified some risks during the first month of the Recreation and Wellness Intranet Project. However, all they did was document.

Impact of infectious diseases on public health : Impact of infectious diseases on public health. Specify strategies for minimizing the identified threats to validity.

Prepare a cost baseline by allocating the costs by wbs : Using the cost model you created in the first task, prepare a cost baseline by allocating the costs by WBS for each month of the project.

Should right to live in a marriage include underaged people : Should the right to live in a marriage include underaged people? And if there are special reasons; what kind of reasons could there be?

Current scenario of health insurance plans : Currently, in the United States, an individual is not required to purchase a health insurance plan.

Role of government in providing health insurance : Role of Government in Providing Health Insurance for Other Sections. Describe entitlement and block grant programs. How are these two programs different?

Develop a work breakdown structure for the project : Develop a work breakdown structure (WBS) for the project. Break down the work to Level 3 or Level 4, as appropriate. Use the Work Breakdown Structure Template.

User Account

All Pages