Business Finance
University of The Cumberlands Guide to Project MGT Body of Knowledge Discussion

University of the Cumberlands

Question Description

I’m studying for my Business class and don’t understand how to answer this. Can you help me study?

Develop a project charter through applying concepts and techniques explored in this course.

Follow this outline:

PART 1: INTRODUCTION

1)Open the team essay with an introduction section describing a project charter.

2)Summarize why a project charter is critical to project management success.

PART 2: PROJECT CHARTER LITERATURE REVIEW

1.)Define Project Charter (per PMBOK 6th Edition and course text book).

2.)List the various elements of a project charter and why each is used (i.e. title, scope overview, business case, background, etc.).

3.)Explain in-depth the following key components of the project charter: project vision, objectives, scope, and organization and implementation plan.

PART 3: PROJECT CHARTER DEVEOPMENT

1.)Create each section of a charter for a small sample project using given project information provided by the instructor.

2.)Constructing the project charter:

The sponsor and project team typically work together. In practice, often the team prepares the first draft and then discusses with sponsor.

a.Develop scope overview and business case: This is the “elevator speech” – a half minute summary of the project.

b.Create the milestones (MS Project optional, an excel spread sheet is acceptable).

c.Identify risks, assumptions and constraints (as applicable, create contingency plans and assigning ownership for each major risk).

d.Create a stakeholder listing (only the primary stakeholders and all other stakeholders).

e.Develop the team operating principles

f.Identify “Lessons learned”

3.)Summarize the key elements used to develop the project charter.

PART 4: CONCLUSION:

1.)What critical take-aways in the development process of a project charter would your team incorporate into the role of a Project Manager?

2.)Highlight specific areas of project risk planning, assumptions, and the potential constraints to the project discovered in the report.

3.)Apply the required knowledge, skills, tools, and techniques of a project, as defined in the PMBOK® Guide and course text.

ASSIGNMENT DETAILS:

As your team prepare the project, please attend to the following additional guidelines:

1)This is a group project (identify each member’s role in the project development)

2)Prepare your report in APA6 format.

3)Paper must be typed, double-spaced, 12-point font, 12-15 pages. (Page count does not include title page, reference list or project charter appendix.)

4)Insert the project charter as an appendix to the research paper.

5)Cite all work referenced and include a reference page.

6)Proofread the document carefully before submission!

7)Prepare and deliver a Power Point Presentation covering significant information in the project charter. Presentation should contain speaker notes and contain 10 slides of information in total (title page and reference page will not count toward total).

8)Most importantly - Have fun with this assignment!

Project Charter Details

Scenario: The objective of this project is to implement food truck service during the residency weekends of the NKY/Florence campus beginning in September 2020. The project duration will be for 1 year or 9 residency weekends per Fall and Spring semester and 5 residency weekends for Summer semester (23 weekends total), with enough start-up inventory to last through the first four residency weekends. The food truck will need to be available during the following hours: Friday 4pm – 9pm, Saturday 7am – 5pm and Sunday 7am – 12 noon.

Project baseline considerations:

  • Determine what food will be provided by the food truck.
  • Establish competitive prices for the food and beverage items sold.
  • Source and secure supply vendors.
  • A list of the major deliverables that will result from the project are described.
  • Specific reviews: The Project Charter will be reviewed by the project team and approved.
  • The final approval will be the course Professor.
  • Major Milestones: A list of the milestones that are needed.
  • Follow the SMART protocol.
  • The final approval will be the course Professor.

Project Knowns:

  • Only approved food and beverage items will be sold out of the food truck.
  • Food truck customers will be University of The Cumberlands student body and faculty attending the residency weekend.
  • University of The Cumberlands students will manage the project and be responsible for ongoing operations.
  • A store sponsor from the University faculty or staff will be assigned to mentor students and to provide oversight.
  • Software is not available for project planning and control.
  • Supply deliveries will be arranged or the food truck will pick them up with students.
  • Students will utilize vendor websites to establish potential food costs.
  • Constraints: It is important to define any and all constraints on the project or those working on the project.

Note: Follow all guidelines and instruction as defined in the research project description and rubric. The final deliverables are the report and the power point presentation. Ask the instructor for clarification as needed.

Project Management Report Grading Rubric

Evaluation Dimensions

Performance Rating

Beginning

Progressing

Competent

Accomplished

Score

1

2

3

4

Project Management Report Component Areas – Grading Criteria

Introduction

Does not clearly describe project charter;

Displays little understanding of the importance of a project charter addressed in the report.

With several exceptions, describe project charter;

Demonstrates a somewhat acceptable understanding of the importance of a project charter addressed in the report.

With a few exceptions, identifies and introduces the project charter;

Demonstrates an acceptable understanding of the importance of a project charter addressed in the report.

Presents accurate and detailed descriptions of the project charter; Provides a well-focused diagnosis of understanding of the importance of a project charter; student demonstrates an excellent grasp of the information being communicated.

Comments:

Literature Review

Does not identify or explain or define project charter as defined in the PMBOK®; failed to list the various elements of a project charter and why each is used (i.e. title, scope overview, business case, background. Failed to explain in-depth key components of project charter (project vision, objectives, scope, and organization and implementation plan).

With several exceptions, explain project charter as defined in the PMBOK®; partially listed the various elements of a project charter and why each is used (i.e. title, scope overview, business case, background. Marginally explain key components of project charter (project vision, objectives, scope, and organization and implementation plan).

With a few minor exceptions, adequately explained project charter as defined in the PMBOK®; partially listed the various elements of a project charter and why each is used (i.e. title, scope overview, business case, background. Adequately explained key components of project charter (project vision, objectives, scope, and organization and implementation plan).

Clearly and accurately explained project charter as defined in the PMBOK®; partially listed the various elements of a project charter and why each is used (i.e. title, scope overview, business case, background. Successfully explained key components of project charter (project vision, objectives, scope, and organization and implementation plan).

Comments:

Project Charter Development

Failure to fully construct a project charter. Lacks key aspects in development of the project charter scope overview, business case; milestones.

Lacks Identification of risks, assumptions and constraints

Lacks clear explanation of the importance of project risk planning, assumptions, and the potential constraints to the project.

Poorly developed team operating principles and identification of “Lessons learned”.

With several exceptions, constructed a project charter. Lacks key aspects in development of the project charter scope overview, business case; milestones.

Marginally identifies the risks, assumptions and constraints. With several exceptions, explained the importance of project risk planning, assumptions, and the potential constraints to the project.

Marginally developed team operating principles and identification of “Lessons learned”.

With a few minor exceptions, constructed a project charter. Lacks key aspects in development of the project charter scope overview, business case; milestones.

Adequately identifies the risks, assumptions and constraints. Without major exceptions, explained the importance of project risk planning, assumptions, and the potential constraints to the project. Adequately developed team operating principles and identification of “Lessons learned”.

Successfully identifies and discusses constructed a project charter. Lacks key aspects in development of the project charter scope overview, business case; milestones.

Appropriately identifies key aspects in development of the project charter scope overview, business case; milestones.

Without exceptions, explained the importance of project risk planning, assumptions, and the potential constraints to the project and developed team operating principles and identification of “Lessons learned”.

Comments:

Project Management Report Grading Rubric

Evaluation Dimensions

Performance Rating

Beginning

Progressing

Competent

Accomplished

Score

1

2

3

4

Conclusion

Simply repeats facts identified in the text and does not discuss the relevance of a project charter;

Fails to draw conclusions, or conclusions are not justified or supported; Does not adequately present a project charter

Provides a minimal analysis of most of the issues and key points in the report;

Marginally discussed project charter elements and critical take-aways to incorporate into personal role as the Project Manager.

Provides an acceptable analysis of the issues and key points in the report; adequately discussed critical project charter elements and critical take-aways to incorporate into personal role as the Project Manager.

Presents a balanced, in-depth, and critical analysis of the issues and key points in the report; Successfully discussed critical project charter elements and critical take-aways to incorporate into personal role as the Project Manager.

Comments:

Overall Performance Rating on Project Management Research Project

Evaluation Criteria

Score

Introduction

Literature Review

Project Management Analysis

Conclusion

Group Presentation

Introduction

Literature Review

Project Management Analysis

Conclusion

Clearly communicated the message

Professional delivery of the presentation

Total Score

10

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Final Answer

hello buddy, take a look through chapter one of the project

Running head: THE ESSENTIALS OF PROJECT MANAGEMENT

Report: Project Charter
Student’s Name
Institutional Affiliation

1

THE ESSENTIALS OF PROJECT MANAGEMENT

2

Report: Project Charter
Introduction
In every organization, projects are a common concept, term or mode of operations.
Institutions use projects to tailor their activities to meet specific goals and objectives,
especially those that drive it words achieving the organizational mission, vision and goals.
However, there are several components of a project, stages in its developments and the types
of projects. However, in this report, we will focus primarily on one aspect of projects: project
charter. A project charter can be defined as a formal, characteristically short document that
provides an entire description of a project. This description entails the project objectives, how
it will be executed, the stakeholders in the project, and how the outcomes of the project will
impact the business. Noteworthy, a project charter is a fundamental requirement and
ingredient in the project planning series to act as a guide throughout a project's
lifecycle(Crawford, 2006). Despite its importance in the project planning process, creating a
comprehensive and functional project charter can be a daunting task.
However, there re different measures that can be implemented or put in practice to
ensure a comfortable and practical project charter. Some of these measures include
understanding the project goals and objectives, identification of the vision and scope of the
project, having a clear definition of the organization of the project, a list of the critical
responsibilities for the project, inclusive of the stakeholders, consumers, and the project team
members(Crawford, 2006). Further, creating a robust implementation plan that outlines major
milestones, timeline and dependencies of the stakeholders and the team members, identifies
possible issues and risks can lead to the development of a comprehensive and informative
project charter. Although no one wants to be looked at as a pessimist, it is essential to identify

THE ESSENTIALS OF PROJECT MANAGEMENT

3

the possible downfalls of the project by including them in the project as it will provide a
broader perspective of the overall progress and implications of the project.
Like any other part of a project, a project charter has several benefits to the project
management process. Successful projects always start with a project charter. It provides the
way forward for the project in terms of the pathways toward success, the required inputs, a...

DoctorVenus (14620)
Cornell University

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