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Project Management: Costing the Project
Costing the Project
The project is progressing well, and you have now been asked if there is enough time and budget to create and distribute a new marketing mailing. This mailing will be focused on a new international marketplace, so the existing materials cannot be used "as is." The materials will need to be translated (external resource), have different graphics applied, and use different colors. The cost for mailing internationally is twice the cost of the domestic mailing, and the volume is 200,000-250,000 addresses. A mailing list will be purchased for this mailing since it is a new market for the company.
You need to determine the costs of this mailing (internal and external). You also need to determine the resource requirements and identify any conflicts. Jennifer and you have a working session later this week to pull together the information. In preparation for the meeting, create a worksheet (in Excel or other spreadsheet tool) that you can use to create the budget for the new mailing. Pre-populate the worksheet with the components of the estimate and provide directions to Jennifer in a procedures document (in Word) on how to create a three-point estimate for the resulting budget. Be sure to also include the internal costs. Also create a schedule that identifies the deliverables, activities, and resources to produce this mailing. Using the project schedule you created as a group, identify the resources you will use and what conflicts that may create (in Word). Justify your choices.
Explain how risk has impacted a project that you have been associated with as a team member or project leader.
None of the projects requires or precludes any of the other projects, and each project costs $2,000. What is the NPV of each project?
Then what is the difference between IT project managers and traditional project managers if there are so many similarities in project management discipline?
Explain why is it important to integrate project goals to the organization's strategic objectives and why is setting specific project goals essential to the successful outcome of a project?
Critically analyse the concept of risk; discuss how it can be measured and ranked and outline how a project risk management strategy may be constructed.
Evaluate your subject's actions using Consequential theories. Evaluate your subject's actions using Humanist theories.
What are some of the procedures for analyzing risk within healthcare organizations?
What do you understand by the term Scheduling? Explain how the following ways for duration compression of a project can be achieved- Fast tracking Crashing
Deming's Theory on Quality - Why was Deming's theory on quality embraced by the Japanese auto industry and rejected by the American auto industry?
Suppose you now wanted to calculate duration estimates for these activities. How would you make use of the following approaches?
Ensure that project goals support corporate strategies.
A project budget report is showing our project as spending 35,000 against a budgeted amount of 40,000. What does this report tell you about the project?
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