Project Management/ Project Scheduling and Cost

Content Type

User Generated

User

fwavpxxv

Subject

Business Finance

Description

Willing to give a tip of $40 if paper is an A, and $20 if paper is a B

Deliverable Length: 600–1,200 words of new content; 3,000–6,000 words (10–20 pages) total

The first step will be to select a project for which you want to develop a Acquisition Project Scheduling and Cost Management plan.

Nontrivial: The selected project candidate should reflect a real-life project.
Domain knowledge: You will be applying knowledge of this acquisition project to address assignments related to scheduling and cost.

Assignment

Your task in this process will be to select a project to use as the basis of your Key Assignment. You will also create the shell document.

The project deliverables are the following

- Use Word
- Title page
  - Course number and name
  - Project name
  - Your name
  - Date
- Table of Contents (TOC)
  - Use an autogenerated TOC.
  - This should be on a separate page.
  - This should be a maximum of 3 levels deep.
  - Be sure to update the fields of the TOC so that it is up-to-date before submitting your project.
- Section headings
  - Project Outline (see what details about this section below)
  - Cost, Schedule, and Technical Performance Management (see what details below)
  - Management of Small Projects
    - Develop your small acquisition project schedule using MS Project (tasks, predecessors, duration, and resources assigned).
    - Copy a screen print of the schedule and Gantt chart into this shell.
    - Copy a screen print of the critical path network diagram, or of the Gantt screen of the Tracking Gantt view showing the critical path into this shell.
    - Describe the specific processes that you will use within each of the 5 Project Management Institute (PMI) process groups: initiating, planning, executing, monitoring, and controlling and closing.
  - Acquisition Project Guidelines
    - Update the project plan and Gantt Chart with acquisition project activities with MS Project, and copy it into this section.
    - Develop a request for proposal (RFP) template for the acquisition project with the elements discussed in the Discussion Board for this week.
    - Develop a table with the vendor evaluation criteria.
    - Diagram and describe the vendor status update process.
  - Costing Methods and Tools
    - Select 2 of the costing methods, and discuss why they will support developing a realistic budget.
      - Expert judgment
      - Analogous estimating
      - Parametric estimating
      - Bottom-up estimating
      - Three-point estimating
      - Reserve analysis
      - Cost of quality
      - Project management estimating software
      - Vendor bid analysis
    - Provide an example of computations for a few of the activities for the 2 selected methods.
    - Fill in a table similar to the example table so that your 2 different total project budgets are based on the 2 selected methods.
    - Discuss what type of contingency budget you will put in place based on the 2 budgets to mitigate an underestimation
  - Earned Value Management System
    - Discuss how an earned value analysis will be utilized for this project or Key Assignment, including the formulas to compute earned value analysis (EVA).
    - Cover the following 4 scenarios and what you should do:
      - Behind schedule and over budget: Include a sample calculation that would trigger this interpretation, along with a graph.
      - Ahead of schedule and on budget: Include a sample calculation that would trigger this interpretation, along with a sample graph.
      - Behind schedule and on budget: Include a sample calculation that would trigger this interpretation, along with a sample graph.
      - Ahead of schedule and under budget: Include a sample calculation that would trigger this interpretation, along with a sample graph.
    - Discuss for each of the above situations how you compute the final cost and end date if nothing changes with its present state.
  - Overall Cost and Schedule Performance
    - Discuss how you will monitor progress.
    - Discuss what metrics, reports, and graphs you will use to monitor progress.
    - Discuss how they would determine the cause of the variation.
    - Discuss how you will respond to deviations; (specifically around schedule compression and a contingency budget).

New content to be inserted in document shell
- Project Outline
  - Give a brief description of the project.
  - Discuss the overall project deliverable.
  - The material can be taken from approved proposal submitted to instructor, and this will serve as the draft for the proposal.
  - Be sure this project is approved by the instructor.
- Cost, Schedule, and Technical Performance
  - Discuss cost techniques both in determining initial estimates and in monitoring and controlling them throughout the life of the project.
  - Determine the project schedule for the acquisition component of the overall project and include a copy of it.
  - Develop the program evaluation and review technique (PERT) and critical path method (CPM) for this Key Assignment acquisition project, and include copies of those charts in this section.
  - Describe all of the key schedule influencers that can impact a schedule positively or negatively and how you would handle them.