Managing a Project Schedule

User Generated

gvn1205

Business Finance

CPMGT300

Description

Write a 1,050- to 1,400-word paper in which you answer the following questions:

  • What differentiates a list of project requirements from a Work Breakdown Structure (WBS)?
  • What is the importance of developing a WBS to manage a project?
  • How does the WBS contribute to the success of a project?
  • Once the project schedule is finalized, what are the tools you can use to monitor the schedule?
  • How do you handle over allocated resources?
  • What are the advantages and disadvantages to fast-tracking a project?

Format your paper consistent with APA guidelines.

Unformatted Attachment Preview

Managing a Project Schedule Grading Guide CPMGT/300 Version 10 Project Management Copyright Copyright © 2016 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Managing a Project Schedule Grading Guide CPMGT/300 Version 10 Edited in accordance with University of Phoenix® editorial standards and practices. 2 Managing a Project Schedule Grading Guide CPMGT/300 Version 10 Individual Assignment: Managing a Project Schedule Purpose of Assignment The work breakdown structure (WBS) fulfills the role of ensuring the project scope is met and is a means for achieving accurate estimates for resources, risk, cost, and time. The WBS is a way of formalizing the project requirements. It ensures all of the requirements for project deliverables, resources, and time are addressed in one document. How these resources are managed is an important aspect of project management. Grading Guide Content Met Partially Met Not Met Total Available Total Earned 7 #/7 Partially Met Not Met Comments: The student explains what differentiates a list of project requirements from a work breakdown structure (WBS). The student showcases the importance of developing a WBS to manage a project. The student explains how the WBS contributes to the success of a project. The student provides the tools they use to monitor the schedule once the project schedule is finalized. The student explains how over allocated resources are handled. The student provides advantages and disadvantages to fast tracking a project. The paper is 1,050 to 1,400 words in length. Writing Guidelines The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page. Met Comments: 3 Managing a Project Schedule Grading Guide CPMGT/300 Version 10 Writing Guidelines Met Partially Met Not Met Total Available Total Earned 3 #/3 10 #/10 Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Assignment Total Additional comments: # Comments: 4
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Explanation & Answer

Attached.

Running Head: PROJECT MANAGEMENT.

1

Project Management
Institutional Affiliation:
Date:

PROJECT MANAGEMENT.

2

A project’s success is highly depended on the planning process which composes of the
individuals involved, tools and equipment, schedule as well as the budget. There are many
documents used by the project managers to determine the direction of the activities conducted
and avoid any inconveniences that might lead to failures. Some of the crucial plans used include
the list of requirements and work breakdown structure (WBS) both of which perform different
duties. These two are necessary if all the project’s milestones are to be met, hence the importance
of taking all the required steps before the beginning of any venture.
A list of requirements is like a project plan which identifies all the necessities to be used
in executing, monitoring and controlling the process. The team involved uses this document
specifically to know the content of the project from start to the end. Some of the details shown in
the list of requirements include the summary and introduction of the whole project, goals, and
objectives (Turner, 2014). The scope and problem statement are also identified in association
with the significant timelines and milestones. Through this document, the team can determine the
tools and techniques that will contribute towards the achievement of the set goals (Harrison &
Lock, 2017). The project budget, costs, risks and management approaches are also identified at
this stage to ensure that the team prepares for the best and worst scenarios. The list of
requirements is therefore explicitly used by the...


Anonymous
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