Create a time-phased budget

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Reference no: EM131348995 , Length:

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 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 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:

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

Work Breakdown Structure (WBS)
o 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.
o Deliverables should match those in the charter.
o 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."
o Each line should be numbered with major sections being 1.0 then 2.0, etc.
o Each major section should be broken down into between three and twelve subsidiary sections. If further breakdown is needed, more levels should be used.
o 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.
o The WBS can be submitted in free-form, org-chart, or indented-outline format.
o The WBS should appear to be complete with all interim and ending deliverables included.

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

Verified Expert

This task is completed in 2800 words in which we have explained project management, introduction, scope analysis of the project, work breakdown structure analysis, scheduling of the activities, importance of budget making in a project management process and risk register.

Reference no: EM131348995

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Reviews

inf1348995

1/13/2017 3:32:56 AM

My paper required additional assistance as I had no opportunity to delve in. I requested it, and it surpassed my desires! Yes, I would prescribe the service. Be that as it may, the author made an incredible showing with regards to. The bit of composing I got was so captivating and modern! Much obliged to you!

inf1348995

1/11/2017 4:35:43 AM

please consider the details of 1 assignment as well because 1 and 2 assignment is inter related. 1 assignment is also designed by you people.

len1348995

1/10/2017 7:40:51 AM

Task 2-Budget ( 15 marks)some assumptions and constraints you have used when creating your budget stated. Examples of known knowns on your project given. Budget extracted from MS Project showing overall and breakdown for all summary tasks and resource Bottom-up estimating done. Direct labour costs for you and your team mates and 20% for fringe included. Most assumptions and constraints you have used when creating your budget stated. Confidence level for estimation stated. Budget extracted from MS Project showing overall and breakdown for all summary tasks and resource Bottom-up estimating done. 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 Risk Register ( 20 marks)All values of Risk register are accurate and Consistent, all items of the register complete.All values of Risk register are accurate and consistent, all items of the register complete. Risks are relevant to the case study

len1348995

1/10/2017 7:34:27 AM

Task 2-Work Breakdown Structure (WBS)- 20 marks unclear attempt that is ambiguous / incomplete WBS is mentioned with some breakdown of Project Scope. WBS is structured, having detailed coverage for Project scope Phase of project. WBS is well structured, having logical and complete coverage for Project Execution WBS is structured, having logical and complete coverage for Project Execution and integrated into Project Schedule and Resource Matrix.Task 2-Gantt Chart ( 10 marks) unclear attempt that is ambiguous / incomplete Gantt chart shows- some activities included, schedule created, summary rows shown, few /none milestones shown Gantt chart shows- some activities included, schedule created, summary rows shown, first row shows project title , total duration shown, some milestones shown, critical path shown Gantt chart shows- most activities included, schedule created, summary rows shown, first row shows project title , total duration shown, most milestones shown, critical path shown 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

len1348995

1/10/2017 7:33:13 AM

Task 1 Scope Mgt Plan- Requirements, Scope details(5 marks) unclear attempt that is ambiguous / incomplete Defined Requirements but ambiguous / incomplete. Clear description of requirements and in scope items defined. Defined description of Requirements and in-scope items and out-of-scope items. Clear description of Requirements and in-scope items and out-of-scope items relevant to the case study Task 1 Scope Mgt Plan- Deliverables and Scope verification (5 marks) unclear attempt that is ambiguous / incomplete Defined deliverables but ambiguous / incomplete. Clear description of deliverables and scope verification defined. Clear description of deliverables and scope verification Clear description of project scope, including named deliverables. Scope verification/ acceptance is also defined relevant to the case study.

len1348995

1/10/2017 7:32:59 AM

hi want project management assignment question task. task is related to assignment 1 which is done by your tutor. please look over it and let me know. 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: o demonstrate how a practicing project manager actually applies project management skills, o methods, techniques and tools ; o use an industry standard project management software tool (Microsoft Project); o apply project management skills, methods, techniques and tools to a real world problem typical of a project manager;

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