Project Management/ Project Scheduling and Cost
User Generated
fwavpxxv
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
- Select 2 of the costing methods, and discuss why they will support developing a realistic budget.
- 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.
- Project Outline
This question has not been answered.
Create a free account to get help with this and any other question!