Formulate resource estimates and project budgets

Assignment Help Project Management
Reference no: EM131144824

Formulate Resource Estimates and Project Budgets
To build an effective project plan, one of the many components is the estimate of resources that will be required, when the resources will be required and the formulation of project-based budgets.

Review the resources listed in the Books and Resources area below to prepare for this week's assignment(s).

Books & Resources:Book
Fleming, Q. W., & Koppelman, J. M. 2010 Earned value project management.
Instruction:Read Chapters #7 and #8
Kerzner, H. 2009 Project management: A systems approach to planning, scheduling, and controlling.
Instruction:Read Chapters #14 (14.19, 14.21) and #15 (15.4)

Assignment: Formulate Resource Estimates and Project Budgets.

Instructions:
Using a re-carpeting project as an example for this assignment, research resource estimation techniques necessary to generate a high level budget for the project. Formulate the resource estimates and budget for the project in a spreadsheet. Your spreadsheet should include:
integrating scope with costs and schedules, management reserves, project baseline, methods used to plan earned value and control account plans.

In addition, provide a brief explanation of the project and the process implemented to formulate the estimates and initial budget. Justify your selection of necessary resources based on the budget you prepared.

Support your summary with a minimum of three (3) external resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.

Length: Spreadsheet with sufficient detail to demonstrate the resources required AND 2-3 page summary explanation

Your summary should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards where appropriate. Be sure to adhere to Northcentral University's Academic Integrity Policy.

Alignment to Course Learning Outcomes: 3.0 Formulate resource estimates and budgets.

Do not plagiarize, do not copy and paste. don't forget to cite, references, page numbering, running head the Assignment and everything in the assignment should be done in APA format. Please remember to specifically state the purpose of your paper in your introduction and support your introduction and conclusion with references which align with the topic that you are addressing. lastly phrases that do not add to the meaning of the sentence. These would include terms such as however, therefore, moreover, in order, that etc.

Reference no: EM131144824

Questions Cloud

Describe aspect of your own culture from an etic perspective : Cultural relativismis the idea that the beliefs and practices of a culture should be understood within the context of that particular culture's background, history, and current events surrounding it. We should not ethnocentrically impose our own b..
Identify a specific challenge related to quality and safety : Identify a specific challenge related to quality and safety. Explain how health information technology could be used to address this challenge. Evaluate possible outcomes of the implementation of this technology.
Who would benefit from this measure : A reduction in minimum wages during the summer months would reduce the cost of labor to firms, but it would also reduce the wage that minimum-wage earners receive.
What are the advantages of using the allowance method : What are the advantages of using the allowance method in accounting for uncollectible accounts as compared to the direct write-offmethod?
Formulate resource estimates and project budgets : To build an effective project plan, one of the many components is the estimate of resources that will be required, when the resources will be required and the formulation of project-based budgets.
What are the key issues that the company : Given your complete marketing analysis, what are the key issues that the company/organization must understand in order to address the charge that is being considered - This section concisely identifies the most important issues and decisions that ..
How an organization has implemented quality-related strategy : Briefly describe how an organization has implemented a quality-related strategy that involves leadership, teamwork, governance, organizational culture, or other factors addressed this week.
Evaluate the efficiency of various recruitment sources : Explain the impact of failing to address these challenges on human resource functions and hospital performance management. Evaluate the efficiency and effectiveness of various recruitment sources and selection methods.
Compare and contrast three types of households : Discuss the factors (select two ) that comprise family decision making. Compare and contrast three types of households. Which household types have you experienced?

Reviews

Write a Review

 

Project Management Questions & Answers

  Expected-value decision rule in a workplace

What is an example of expected-value decision rule in a workplace?

  The paybak criterion and which is the most desirable project

Which need an initial investment of $30,000 and provide cash inflows of $60,000 as shown below. This organization has a 15% cost of capital.

  Examples of quality in terms of buying materials

Suitability and reliability are two examples of quality in terms of buying materials, goods or services

  How will they produce qualitative or quantitative data

Find Tools that Might be Used to Evaluate Successful Communication - Will they produce qualitative or quantitative data? How would you use such tools as a consultant? or as an employer or a consultant?

  Production for materials for the month of january

Explain what were the equivalent units of production for materials for the month of January

  What are some examples of ethical dilemmas

What are some examples of ethical dilemmas in earned value management. Issues pertaining to project management.

  Explain strategies that could be used by a project manager

Project Management - Organizational Culture and Human Behavioral Influences - Explain some strategies that could be used by a project manager

  Computing total cost incurred

What will be the total cost incurred next year?

  Explain the people roles in organizational change

Briefly explain the People Roles in Organizational Change - Mention and describe each one of the six stages of a Quality Life Cycle.

  Coverting cpm-based plan-reality-actually executing project

However, there are sevel issues to be aware of when coverting the CPM-based plan to reality and actually executing the project.

  Describe the knowledge and processes areas of project

the specific course learning outcomes associated with this assignment are describe the knowledge and processes areas of

  Problem regarding the greatest after-tax return

Assume that Zane is a 28% marginal tax rate payer, the time value of money is 6%, and Zane intends to hold any amounts invested for 5 years. Which option will provide the greatest after-tax return, ignoring state income tax implications? Would you..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd