Estimate costs of individual schedule activities

Assignment Help Financial Management

Reference no: EM132329995

Requirements

Microsoft Project is the recommended software tool for this course due to its wide industry acceptance and its use in many project management professional roles. To make this easier, you have the ability to download and install your own version of MS Project for use in this course. See the Software Preparation and Technology Access activity for more information.

Practice using MS Project in this course will prepare you for future professional PM roles and responsibilities; please use MS Project for those tasks supported by MS Project. If you have access to other tools such as MS Visio, MS PowerPoint, MS Word, or other project management software that you believe may still meet the requirements of this course, please discuss your selected alternative with faculty.

Part 1: Budget Analysis Report

Deliverable: Create a budget analysis report of the current failed project.

Use the MS Project functionality (or other, approved software of your choice) to:

• Display project summary information and report.

• Create project reports.

• Export project plan cost data into Excel.

• Develop an analysis report including the following:

o Analyze the current financial state using cost estimating techniques.

o Estimate costs of individual schedule activities or work packages by reviewing WBS and associated project costs.

o Identify failure points that occurred throughout the project.

Part 2: Cost Estimating Forecast Analysis

Deliverable: Create a project estimation report for the turnaround project.

At this point in the process you have been asked to report back to NearlyFree on your findings and recommendations with respect to project costs. Review the information you gathered and prepare a report for your client. This will be a what-if scenario or plan that you will propose to NearlyFree management for the project turnaround to succeed. In the report, do the following:

• Copy the original NEO project schedule baseline and create a custom table to add your changes and modifications.

• Display your proposed cost estimates and newly established cost baseline for the turnaround project, based on the Project Schedule [MPP].

As part of this report, address the following topics or questions, and where necessary, define assumptions you made:

• Total cost of ownership-what it means to the project and to the business, how it is calculated, its role in the failed project, and your estimates for the turnaround project.

• Return on investment-what it means to the project and to the business, how it is calculated, and your estimates for the turnaround project.

• Project budget-an analysis of the failed project budget, techniques used to prepare your proposed project budget, and the proposed project budget.

o Develop a new project budget with a more detailed assessment of the resources.

Establish a total cost baseline for measuring project performance.

• Explain and justify the cost estimating techniques used.

• Estimate contingency reserves.

Applicable Microsoft Project Functions

• Create a custom table.

• Updating a project plan.

• Set a baseline.

• Save an interim project plan.

• Display project summary information and report.

• Export project plan cost data into Excel.

• Create Project "Current State" Analysis report.

Attachment:- Assignment Project details.rar

Reference no: EM132329995

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