QuestionQuestion

Section Topics

1 Time Management

2 Cost Management

3 Quality Management

4 Project Integration and Change Management


The purpose of this assessment is to demonstrate the application of:
(a) Project optimization for cost, time and workload
(b) A Gantt Chart (using MS Project) to schedule people, equipment and their relevant costs
(c) Monitoring a project utilizing control techniques, project milestones and reports

INSTRUCTIONS

1 This is an individual assessment.

2 This assessment must be word processed using double line spacing and submitted as a single-sided, printed document together with a suitable cover sheet, marking schedule,
and a completed green student submission form attached. Do not use the front page of this assessment as a cover sheet.

3 A cover sheet must be provided on the assessment that indicates the subject, assessment title, submission date, the lecturer’s name, project title, student name and ID number.

4 The marking schedule provided at the end of this assessment must be attached to the back of your physical submission.

7 You are required to apply the knowledge areas below to your Project Charter as defined by you in Assessment 1 and your Project Management Plan as detailed by you in Assessment 2 and taking into consideration any feedback provided by your lecturer from those two assessments.
Education and Applied Research Division Department of Business

SECTION ONE TOTAL:

Time Management

Apply your understanding of the knowledge area of project Time Management by creating a Time Management Process specifically created for your project.
The selection of the elements in your Time Management Process should be strongly guided by the PMBOK Guide. According to the PMBOK Guide, the major processes associated with project time management are:

(a) Plan schedule management: Identify and describe the policies and procedures that will be used to plan, manage and control the project schedule.

(b) Define activities: Identify the specific actions to be performed to produce the project deliverables.

(c) Sequence activities: Identify and document the relationships between project activities.

(d) Estimate activity resources: Estimate the types and quantities of material, people, equipment or supplies required to perform each activity.

(e) Estimate activity durations: Estimate the number of work periods needed to complete individual activities with the estimated resources.

(f) Develop schedule: Use MS Project to create a comprehensive project schedule.

(g) Control schedule: Identify and describe the process of monitoring the status of the project
to update progress and manage changes to the schedule baseline.

Cost Management

Apply your understanding of the knowledge area of project Cost Management by creating a Cost Management Process specifically created for your project.
The selection of the elements in your Cost Management Process should be strongly guided by the PMBOK Guide.
According to the PMBOK Guide, the major processes associated with project cost management are:

(a) Plan cost management: Identify and describe the process that will be used to plan, manage and control costs for the project.

(b) Estimate costs: Identify and describe the process for estimating costs to complete all the activities required to finish the project.

(c) Determine budget: Aggregate the estimated costs of all the individual activities to form the overall budget for the plan.
Identify and define the process by which all actual costs and variations from the base-line budget will be reported.

(d) Control costs: Identify and describe the process of monitoring and controlling the status of project expenditure.

Quality Management

Apply your understanding of the knowledge area of project Quality Management by creating a Quality Management Process specifically created for your project.
The selection of the elements in your Quality Management Process should be strongly guided by the PMBOK Guide.
According to the PMBOK Guide, the major processes associated with project quality management are:

(a) Plan quality management: Identify and describe the process for identifying quality requirements and quality standards applicable to your project.
Document how these requirements will be achieved for each deliverable.

(b) Perform quality assurance: Identify and describe the process, during execution of the project, that ensures all deliverables perform as expected, that they achieve specified quality requirements and conform to any relevant standards.

(c) Control quality: Identify and describe the process required to ensure that each deliverable meets all the requirements and specifications.

Project Integration and Change Control Management

Select any two (2) of the top ten (10) of your highest likelihood risks and assume that these two risks have materialized at 25% through your project schedule.
Apply your understanding of the knowledge area of Project Integration Management by making choices and trade-offs between competing objectives and alternative actions.

Identify and describe a Change Control Management Process that will perform integrated change control for your project.
Ensure that your Change Control Process addresses all the appropriate knowledge areas within your project using the control processes you have already described.

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Project management

Introduction

This report is based on my project of opening a laser tag arena. The underlying aim of this project is to achieve all the objectives within the planned cost and time parameters.
As such, it is important to develop time and cost estimates along with the strategy in which the progress would be tracked so that size-able deviations do not occur in the project’s implementation.

Time management

Scheduling the activities is very important since this would lead to timely completion of the project. In this project, the techniques of CPM (Critical Path Method) would be used to schedule the tasks.
At the onset, the work breakdown structure would be used to identify the work packages and this would be used to create a Gantt Chart.

The tasks can be divided into major categories of sequential tasks and parallel tasks.
While the sequential tasks can be completed only when all the predecessors are completed, parallel tasks can be done in conjunction with other tasks.

As such, the predecessors would be identified for every activity so that the critical tasks can be identified along with the slack associated with each activities.
The activities which would lie on the critical path would have zero values of slack and as such, they need to be completed timely. The activities that have positive values of slack can be delayed by the extent of their slack.

The main activities of the project have been shown in Figure 1. The red bars indicate the critical activities while the blue bars indicate the non-critical activities.
Due to the high levels of dependence amongst the activities, most of the tasks are sequential and not parallel.

As can be seen, the non-critical tasks are the tasks in resource acquisition. Since the acquisition of labor resources is expected to take 13 days, the other activities of approvals from the Government and acquisition of materials have slack times associated with them of 8 days and 7 days respectively.

All the other tasks have zero slack associated with them and as such if they are delayed, the total project duration can be more than 64 days.

Figure 1: Gantt Chart showing the project activities

Controlling is very important and as such, the project plan has milestones which would serve as check points for tracking the progress of the project. This project has five key milestones that are related to...
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