Project Management MS PROJECT

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******ATTACHED IS THE PREVIOUS ASSIGNMENTS SO YOU CAN SEE THE PROJECT

Due Week 8 and worth 130 points

Use the Internet or the Strayer Library to research articles on EVM.

Project managers often use Earned Value Management (EVM) if they want to compare the status of their projects to their project plans. Using the same project from Assignment 3, develop a project scenario to explain the amount of work that you have completed with the funds allotted.

This assignment consists of two (2) sections:

  • MS Project Exercise
  • EVM paper

You must submit both sections as separate files for the completion of this assignment.Label each file name according to the section of the assignment for which it is written. Additionally, you may create and / or assume all necessary assumptions needed for the completion of this assignment.

Section 1: MS Project Exercise

Assume that your project is using more resources (e.g., time, money, and / or other non-labor resources, etc.) than anticipated through 50% of the project duration.

1. Update the project schedule to reflect related resource changes.

2. Produce a series of EVM reports from MS project that illustrates your project’s performance. Note: Your reports should focus on the cost and schedule performance of the project.

Section 2: EVM Paper

Write a two to three (2-3) page paper in which you:

3. Summarize the resource changes of your project, and discuss the performance results of your project.

4. Determine one (1) performance measurement baseline for your MS Project. Justify your response.

5. Apply earned value analysis (EVA) in order to forecast future cost issues. Justify your response.

Your assignment must follow these formatting requirements:

  • Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Appraise the process of determining the cost and relevant budget required for a project component.
  • Analyze quality assurance processes in project management.
  • Use technology and information resources to research issues in project estimating and budgeting.
  • Write clearly and concisely about project estimating and budgeting using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric found here.

Unformatted Attachment Preview

Running head: MS PROJECT EXERCISE 1 MS Project Exercise Critical Path Diagram showing tasks and Float/Slack for various projects Procurement 0 Preparation and Planning 70 0 Construction of Inside 0 Construction of Outside 0 Completion Foundation Construction Running head: PROJECT PERFORMANCE Project Performance Darrell Nichols BUS 419 2/9/2018 Strayer University 1 PROJECT PERFORMANCE 2 Project Performance Introduction The project involves the construction of a baseball stadium. The project has different timelines for the completion of different crucial phases that it has. Budgets have been set for various items of the project totaling to $ 159, 515,000. It is expected that the total costs will not exceed the budgeted amounts. Key project objectives will cover the financial part of the project, the quality, performance, compliance, technical aspect, and finally the business aspect. Key Project Objectives Financial Objective The project has key several objectives that are expected to be met during and at the end of the project life. One of these objectives is finances. The project has a budget that has estimates the amount of money that will be required to complete the task. One of the key objectives in this area is to ensure that the costs do not exceed the budgeted amount. Such will be made possible by ensuring that all the aspects of procurement of materials, hiring, and acquiring of other resources is done as per the plan. Having estimated the cost for completion, it is important to also consider the project sponsor. The cost for completion of the project is not a small amount that can be raised overnight. It is therefore important to have a reliable source of the finances. The main objective of having a reliable project sponsor is to ensure that the project does not stall due to lack of funds and that it is completed according to the set timelines. Apart from settling the costs, the benefits of the project will be established to come up with a cost benefit analysis. At the end of the project, there are certain returns that the project is expected to give. Some of these returns might be financial. PROJECT PERFORMANCE 3 Compliance Objective When undertaking a construction, there are different activities that are involved in the process. Some of these activities include excavation, drilling, and many others. One of the main objectives of this project is to ensure that all activities that will be undertaken during the construction of the baseball stadium are in compliance with different laws. Some of the laws that will be keenly considered include environmental laws and construction laws. All legal processes for the construction will also be considered. The importance of this is to ensure that all safety and healthy targets have been met. Meeting these objectives will allow the construction to continue without interruptions from the authorities. It will also prevent the project from incurring losses as well as having delays in the timeline of the project. Quality Objective Quality is another major objective of the plan. In construction of the baseball stadium, it is expected that all quality standards will be met. The quality objective will be met by ensuring that highly skilled and experienced engineers have been hired to handle the project. Secondly, quality of the project will be met by ensuring proper distribution of work among the highly skilled labor. Proper delegation will be done to achieve top success in work. Proper procurement procedures will be adopted in sourcing different suppliers for the construction materials. The main aim of this is to ensure that the best suppliers of quality materials have been contracted bearing in mind taking the best cost. The project is expected to deliver certain internal and external quality standards. Importance of ensuring quality standards for this project is to ensure that there are minimum defects in the project and that the end project meets the quality plan adopted. The project will rely heavily on technology to ensure that the performance is up to the required standards. PROJECT PERFORMANCE 4 Projected Costs and Resources The estimated cost of the project is $ 159, 515,000. One objective of the project is to ensure that the cost is not exceeded. It will be made possible by following the quality plan as well as the overall plan of the project. The company has several key resources. People who include the management and labor, facilities, equipment, and funding are the main resources of this project. All these resources are expected to be sourced out before the start of the project. The first key resource of management and labor will be sourced through competitive selection. The selection process will ensure that the right skilled labor for the project is acquired. Different equipment and facilities will be required for the construction. These resources will be provided with others expected to be provided by the engineer of the project. Funding will be sourced through different way among them being sponsorship. It will be the main source of this resource that will aim at ensuring that all the financial obligations of the project are met without any constraint. High-Level Timeline According to the work break down schedule, the project is supposed to commence on 1/1/18 and completion which is task 6 to be on 7/18/22. Each different task in the project takes a specific time. It is a project objective to ensure that these timelines have been followed. An extension of the completion time of the project may be associated other costs which are highly discouraged. Responsibility Assignment Matrix (RAM) Function Project Project Business/Financial Project Project Procurement Manager Auditor Analyst Engineer Officer Sponsor PROJECT PERFORMANCE Establish a 5 AR I AR C C I C I I I I AR A I R I C I A R C I C I I I plan Procurement of key resources Develop technical and financial requirements Develop quality plan Initiate AR C project Audit of the A R I I project R- Responsible A- Accountable B- Consult I- Inform The above responsibility assignment matrix takes into account the main tasks of a project that have to be undertaken from the initial stage to completion. The responsibility assignment matrix PROJECT PERFORMANCE 6 also takes into consideration the key objectives of the projects so as to come up with the main tasks that need to be taken into consideration. Justification of the Matrix In the WBS, the resource names provided include project manager, committee, casuals, and electricians among others. Handling of the project requires more staff and that is the reason for business analyst for the added task of planning, auditor for quality and control, procurement officer for quality of materials, engineer for general construction, sponsor for funding, and manager for general project manager. The tasks broken down in the WBS have been given titles in the RAM showing how the responsibility of each individual for each task. The RAM clearly outlines who is responsible for different tasks from the initial stage to the completion stage. Outline of the Network Schedule of the Project The following outline is of network schedule of the baseball stadium. It contains main tasks of the project and the duration of each. The project has 6 main tasks. TASK 1. Procurement 2. Planning and preparation DURATION IN DAYS 9 days 430 days 3. Foundation construction 360 days 4. Constructing Inside 380 days 5. Construction of Outside 320 days 6. Completion 10 days Description of the Schedule The first task in the project involves procurement of materials for the construction. It incorporates the sub-tasks of material purchasing and transportation. The task is estimated to take PROJECT PERFORMANCE 7 9 days. The second main task is planning and preparation of the construction grounds. It involves clearing the stadium site, demolition of buildings, and set up of the construction site. The time estimated for this task is 430 days. The third task in the schedule involves construction of the foundation. The sub-tasks include drive support piling, pouring lower concrete bowl, pouring main concourse, installing play field, constructing upper steel bowl, installation of seats, and finally building of luxury boxes. The tasks and the sub-tasks are estimated to take 360 days. The fourth task is construction of the inside part of the baseball stadium. The sub-tasks include construction of jumbotron, installing stadium infrastructure, construction of steel canopy, light installation, building roof support, installing roof tracks, install of the roof, and finally inspection. The task is estimated to take 380 days. The fifth task is completion of the outside which is estimated to take 320 days. Completion is the last task of the project which is estimated to take 10 days. Critical Path and Total Float Critical path is the longest sequence of activities in a project plan which has to be completed in time so as to ensure it is completed in the due date. Total float is the amount of time which an activity can be delayed without having any effect on the finish time of the project. Critical Path Diagram Procurement Preparation and Planning Construction of Inside Construction of Outside Foundation Construction PROJECT PERFORMANCE 8 Completion The above critical path diagram shows how the activities will follow each other. The project has clear defined milestones and activities that follow each other from the start to the end. The critical path of the diagram as illustrated must cover all the task of the project. Activities follow each other from procurement to planning to foundation construction to construction of inside to construction of outside and finally to completion. No other shorter distance can be adopted to finish the project without following the activities as each of them is crucial. However, total slack can be identified as 70 days derived from the planning and preparation of the construction site. Series of preparations have been done on the construction site in previous tasks and sub-tasks and this sub-activity can be eliminated to pave way for idle time which can be the total float of the project. 1 Best Practice from the PMBOK Textbook for the Processes to Manage the Project Schedule 1. Defined Cycle of Activities and Milestones 2. Stable Requirements and Scope of the Project 3. Define roles 4. Quality assurance 5. Planning Commitment Procurement Start: Mon 1/1/18 ID: 1 Finish: Thu 1/11/18Dur: 9 days Comp: 0% Material Purchasing Start: 1/1/18 ID: 2 Finish: 1/12/18 Dur: 10 days Res: Construction Material[1] Transportation Start: 1/1/18 Finish: 1/5/18 Res: Transport ID: 3 Dur: 5 days Planning Start: Mon 1/22/18ID: 4 Finish: Fri 9/13/19 Dur: 430 days Comp: 0% Foundation Construction Start: Mon 9/16/19ID: 8 Finish: Fri 1/29/21 Dur: 360 days Comp: 0% Page 1 Page 2 Completion Start: 7/18/22 ID: 27 Finish: 7/29/22 Dur: 10 days Res: Committee, Constructors, Project Manager Start: Finish: Res: ID: 28 Dur: Page 3 Clear Stadium Site Start: 1/22/18 ID: 5 Finish: 4/27/18 Dur: 70 days Res: Casuals, Constructors Demolish Building Start: 4/30/18 ID: 6 Finish: 6/8/18 Dur: 30 days Res: Casuals, Constructors Drive Support Piling Start: 9/16/19 ID: 9 Finish: 2/28/20 Dur: 120 days Res: Casuals, Constructors Pour Lower Concrete Bowl Start: 3/2/20 ID: 10 Finish: 8/14/20 Dur: 120 days Res: Casuals, Constructors Page 4 Constructing Inside Start: Mon 2/1/21 ID: 16 Finish: Fri 7/15/22 Dur: 380 days Comp: 0% Page 5 Construction Outside Start: 7/18/22 ID: 26 Finish: 10/6/23 Dur: 320 days Res: Project Manager, Committee, Constructors Page 6 Set up Construction Site Start: 6/11/18 ID: 7 Finish: 9/14/18 Dur: 70 days Res: Casuals, Constructors Pour Main Concourse Start: 8/17/20 ID: 11 Finish: 1/29/21 Dur: 120 days Res: Casuals, Constructors Install Seat Start: 2/1/21 ID: 14 Finish: 8/13/21 Dur: 140 days Res: Casuals, Constructors Building Luxury Boxes Start: 2/1/21 ID: 15 Finish: 6/4/21 Dur: 90 days Res: Casuals, Constructors Page 7 Install Playing Field Start: 8/17/20 ID: 12 Finish: 12/18/20 Dur: 90 days Res: Casuals, Constructors Construct upper Steel Bowl Start: 8/17/20 ID: 13 Finish: 1/29/21 Dur: 120 days Res: Casuals, Constructors Install Jumbotron Start: 2/1/21 ID: 17 Finish: 3/12/21 Dur: 30 days Res: Casuals, Constructors Stadium Infrastructure Start: 2/1/21 ID: 18 Finish: 7/16/21 Dur: 120 days Res: Casuals, Constructors Page 8 Build Roof Supports Start: 2/1/21 ID: 21 Finish: 3/12/21 Dur: 30 days Res: Casuals, Constructors Construct Roof Start: 3/15/21 ID: 22 Finish: 7/16/21 Dur: 90 days Res: Casuals, Constructors Install Roof Tracks Start: 3/15/21 ID: 23 Finish: 11/19/21 Dur: 180 days Res: Casuals, Constructors Page 9 Page 10 Construct Steel Canopy Start: 8/16/21 ID: 19 Finish: 11/26/21 Dur: 75 days Res: Casuals, Constructors Light Installation Start: 11/29/21 ID: 20 Finish: 1/7/22 Dur: 30 days Res: Casuals, Electrician Page 11 Install Roof Start: 11/22/21 ID: 24 Finish: 3/25/22 Dur: 90 days Res: Casuals, Constructors Page 12 Page 13 Inspection Start: 3/28/22 ID: 25 Finish: 4/22/22 Dur: 20 days Res: Committee, Project Manager Page 14 Page 15 Project: Char_Project 1 Date: Thu 2/22/18 Critical Summary Critical External Noncritical Critical Inserted External Critical Milestone Inserted Project Summary Milestone Critical Marked Highlighted Critical Critical Summary Marked Highlighted Noncritical Page 16
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Explanation & Answer

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Running head: EVN PAPER

EVN Paper
Student’s Name
Institution

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EVN PAPER
EVN Paper
Resource Changes and Performance
During the planning stage of the project, the members must have omitted important parts
of the projects such as the dynamic nature of the market prices and the complication of
transportation of some equipment. They also left out the complications that come along with the
relocation process. As a result, the project faces major delays from the beginning. The changes in
prices and transport complications change the step one-time frame by three days. However, that
may not seem very significant, the cost implications are however breathtaking as the budget of the
stage rose by a whole third of the intended budget.
The resource effect at one stage of a project relatively and consequently affects the entire
project (Kerzner & Kerzner, 2017). The second ran down with the highest level of complication.
Court cases are the dominating reasons for the effect. However, any project can be faced with
emerging issues along the way. The court cases tricked their effect down to increase the budget of
the second stage by 10% in...


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