Reference no: EM131198630
Scenario: You are the project manager responsible for a new building construction in northern Virginia. The building is worth $500,000 and will have five bedrooms, a kitchen, landscaping, and a two car garage to be completed in two years. This was agreed upon in a firm fixed contract. During the execution (construction) of the building, you realize that the cost of materials have gone up by 10%, and your schedule is behind by 90 days due to delays from county inspections and permit processes. You also notice that if you continue with the current cost rate and schedule rate that the total cost to complete this house would be $600,000 and delivered three months late.
Submit a three page report explaining the reasons for these variances from your original project management plan and the proposed steps on how you are going to control the cost and schedule to achieve the contract threshold of $500,000 to be delivered in two years. Your plan must include the following:
· Address identifications of impacted activities with their cost and schedule attributes, remembering to account for contingencies.
· Address explanations of the roles your project management team will play during the execution of your project management plan and how they will help you to control the issues that are arising during the project.
· At the end of your essay, add a separate section entitled, "Reflections on My Learning." In this stand-alone section, summarize what you have learned in doing the research, reading the textbook, and reading the written lessons in regard to project management and how it impacted your decisions in this essay.
Refer to the execution and control process examples in the Handbook of project-based management: Leading Strategic change in organizations textbook, Chapter 17.
Include at least one additional source to support your ideas, thoughts, and theories. Use APA format to document your sources in-text and in your "References" list at the end of the essay.
Information about accessing the Grading Rubric for this assignment is provided below.
Turner, J. R. (2014). Handbook of project-based management: Leading strategic change in organizations(4th ed.). New York, NY: McGraw-Hill Education.
|
Explore and evaluate academic theories and concepts
: Ideally your portfolio should draw on your own primary research in terms of people's views, experience and stories and a range of appropriate academic literature - Ideally your portfolio should draw on your own primary research in terms of people'..
|
|
How your organizations production function is related
: How your organization's production function is related to its marginal product of labor? How your organization's marginal product of labor is related to the value of its marginal product?
|
|
Discuss whether the receipt is ordinary
: Two years ago Peta purchased a house in Kew. This house had two old tennis courts down the back which were in poor condition. Ignoring capital gains tax, discuss whether the receipt of $600,000 is ordinary income under s 6-5
|
|
What are examples of the penalties
: 1. Under which federal employment laws can a manager be held personally liable for violations? 2. What are examples of the penalties?
|
|
Summarize what you have learned in doing the research
: At the end of your essay, add a separate section entitled, "Reflections on My Learning." In this stand-alone section, summarize what you have learned in doing the research, reading the textbook, and reading the written lessons in regard to project..
|
|
Show the arithmetic check and the resulting error in closure
: http://www.transtutors.com/questions/prepare-a-set-of-profile-leveling-notes-for-the-survey-in-figure-2-34-in-addition-to-1778292.htm
|
|
Deposit an amount into savings account that pays
: You plan to deposit an amount into a savings account that pays 3.5% annual interest. How many years you have to wait until your money doubles? You have a $4,000 and consider putting it in a savings account that pays 2.85% annual interest rate. How ..
|
|
Determining the rise in unemployment
: There has been a rise in unemployment as formerly, inefficient state-owned enterprises have been privatized. Unemployment levels range from 6.5% (Czech Republic) to 17% (Croatia).
|
|
What are economies of scale and scope
: The law of diminishing marginal productivity states that . What are economies of scale? ?What are economies of scope?
|