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MBA Program Managerial Perspectives of Project Management Summer 2015 term Instructor Dr. Ivanov Module 2 Managing Project Dimensions Assignment 5 Running Case By Philippe Hyppolite 1. Cost estimate model and using it for WBS activities Recreation and Wellness Project Cost Estimate Units/Hrs.Cost/Unit/Hrs.SubtotalsWBS Level 1 Totals of TotalWBS Items1.Project Management Project manager10010010,000 Project team members10006060,00070,000352. Requirements Definition10010010,00010,00053.Web Site Design 3.1 Registration for recreational programs501005,000 3.2 Registration for classes and programs10020020,000 3.3 Tracking system15010015,000 3.4 Incentive system20010020,00060,000304.Web Site Development 4.1 Registration for recreational programs501005,000 4.2 Registration for classes and programs501005,000 4.3 Tracking system605003,000 4.4 Incentive system107007,00020,000105. Testing10200020,00020,000106. Training, Roll Out, and Support5040020,00020,00010 Total project cost estimate200,000 The PM also assisted in other areas, but all of his costs are included in the project management category. 2. Cost baseline Recreation and Wellness Project Cost BaselineMonth123456TotalWBS Items1.Project Management Project manager1,6671,6671,6671,6671,6671,66710,000 Project team members10,00010,00010,00010,00010,00010,00060,0002. Requirements Definition1,6671,6671,6671,6671,6671,66710,0003.Web Site Design 3.1 Registration for recreational programs8338338338338338335,000 3.2 Registration for classes and programs3,3333,3333,3333,3333,3333,33320,000 3.3 Tracking system2,5002,5002,5002,5002,5002,50015,000 3.4 Incentive system3,3333,3333,3333,3333,3333,33320,0004.Web Site Development 4.1 Registration for recreational programs8338338338338338335,000 4.2 Registration for classes and programs8338338338338338335,000 4.3 Tracking system5005005005005005003,000 4.4 Incentive system1,1671,1671,1671,1671,1671,1677,0005. Testing3,3333,3333,3333,3333,3333,33320,0006. Training, Roll Out, and Support3,3333,3333,3333,3333,3333,33320,000 Total project cost estimate200,000 The PM also assisted in other areas, but all of his costs are included in the project management category. 3. Cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) After completion of 3 months, the following is achieved PV 120000 EV 100000 Actual cost 90003 Cost variance 100000-90003 9097 Schedule variance Earned value - Planned value 120000-100000 20000 CPI EV/Actual cost 100000/90003 1.11 SPI Budgeted cost of work performed/Budgeted cost of work scheduled 120000/100000 1.2 Estimate at completion as per CPI 200000 X 1.11 222000 Estimate of time as per SPI 6 months X 1.2 7.2 months Earned value chart MonthsEVCumulative EV133333.3333333.33233333.3366666.67333333.33100000433333.33133333.3533333.33166666.7633333.33200000 4. Midterm report (two pages total) to the stakeholders describing how the project is doing at this stage Dear stakeholders, We are happy to inform you that about 50 of the project has been successfully completed within the first 3 months of the project. The budgeted expense for the complete project is 200000. As budgeted, we have been able to maintain cost controls and have expended 100000 so far. The firm has achieved the following PV 120000 EV 100000 Actual cost 90003 These elements indicate that the project has a higher market value which is beneficial to the stakeholders as well as the company. It indicates that the firm has been able to obtain higher levels of value addition to the project. Cost variance 100000-90003 9097 b) Schedule variance Earned value - Planned value 120000-100000 20000 c) CPI EV/Actual cost 100000/90003 1.11 d) SPI Budgeted cost of work performed/Budgeted cost of work scheduled 120000/100000 1.2 e) Estimate at completion as per CPI 200000 X 1.11 222000 f) Estimate of time as per SPI 6 months X 1.2 7.2 months These elements do indicate that the project is doing well and we have been able to manage it in line with the plans firmed for the purpose of accomplishing this project. We are hoping to continue the same pace of work completion and ensure that the project is completed at the earliest. The efficiency of the project managers in completing this project is commendable and appreciable. The slight variances which have occurred indicate that contingencies may lead to a delay in the project completion by 1.2 months. We shall try our best to avoid any contingency and ensure that the project is completed in the stipulated time period by using different project management techniques including overtime and crashing activities techniques. This should help us maintain the time line without compromising quality. We shall also try to improve the earned value in the further stages of the project. We hope to receive your support and trust even in the future. We shall put in our best possible efforts to accomplish the tasks and value addition promised like always. Philippe Hyppolite MBA, MP of PM, Module 2, Assignment 5 Page PAGE 2 / NUMPAGES 7 JTbewf a YoX833GBQBdqs(,vrtF7 qJE/IxNVhNAYrf deRMLTZhB3)Aq3tXnyiO 1TRFb pf7 zrQ3elCy1W6xRhrLJ9tytOf AWks0i Kc(G@Y2w fwY dWV9 lk@jRAX79ny5mMfP)_Xfy6UfiVkR80X5D9 6 gNzBiA4j0zh z8FChh5J 8 XLar)qQuzWiDXh( xJq/D2W2t/Z@e.0k J0.znN nu58vZ5tL-at QT MTOb4Mu/BiA(EzDDXNePZf.PZr.kq-hLkCsA4Dr( /0PgM 3 iiG2oh (QC( g 31af 344zjjM1qY.keMO2ttcEJfka8fsr-2,/CDM@VybhujvXtBMC4Tr coSO.t-Nhf 1P44_51M_boY4.geUt6DOWtSV0cLSSS SoSiLLflddYRy.e5kGuZ tzc0uy(r@(7-RYm@nSQs An Kg)Uo@ez@2_QmqjnmmZs0E1dlWO6J5JWE)Lh1s _r,JI@_aMVkAfKUZLn xOm@KxHx-(gBt7EZZr7pYbWORJ Sw9J qI CPHCCPk)xqWqTq/9RbI6em aLxInA-sdn iZ Ule HU0bZEkdZ1nsz.PGz7yG_ilQ0cnUDMgH)4RpNqSrBBbU_F,rclfh/-aUR47iaI8aRi.rurmkWJut FJCBu )(2oSIobkk KXIERv )7/_7/sViTUMMOEzQ 1(k6w0JAOXKk255rBO1gR M5Dw-Xb,vJmg._39/k@_stBPA@0K7j9.-n-UzS ,cyaVdbms BSXduI6lh2c531d,bXctXG2RwKMib)t,1wW)SXJ cl F/D-/yU (x5BrK9 oD/mq-Gw)t g_lppqrZ /R C@BRk4@G9S 3uSP09 Je8/GU041@rkNhzu mAw5C gCfAd82qw9 O.d7akmtbtQS,xa-m8ubHc06-TnkZTS K/AtmXCYfzL gzPN.TQ14pbbK,-7Yo2As4eP lQPrKTaWIH(mB KTnX_C)RMum15b/o,W90zh4bV65Kmj6YVkmWUkXyaQTHgU5UnJeJTTRRX1I j/nXC DVX, 8X5 XOEkkflV71e )ehh4gC)_ 87r V OcbIIh 9A .Lyq. 3P8K sMNNJ 8LNVcs dIL__nLTL F1o Gp gj,VIL(_JNOT3Ip0S-I LLxa2M2nh ffs7 K_3@,G1sgpEMbGt7GHobjVA50mP COjI 6qW/hvtpaQSRjZJ uoZ5kVvWMFOMvzvmu pUy.mI@SKusAd pXti(q1WAabyP-vpBvXkgB f X9s..W8r1q-1tKWKOibm_nffz4jcCc_hJrJo7oVHwZaqatfMm Fvg4nOF-ne/SaoS@MNIDSXo.Ztjj( Zf2/j8d2te1N3A I-)vX5M55uLpt(LVU QG,i34b2t1jm X6mt.6sgX_Fq O SbSyVJ9dG_-oEB2jFln L 3LZ9@y11vH--0OBOS7XyebrbI 6TSj3HTT7TS9zqcTY (VeQ4( pmXe,t__RQ TN.Y/-S_NN(L2,PcpFvm9(Ucn.iQb2c2s(X@OsuW7tKDp-vz.x,fDA4_sThTY_S7V71DMt)BamC5wiE rE,W @TvAhGpCOOX)2b0Zto_iZV8.y(e@OY y 9w -1CSq yyyMpD@gbVK.LWKRRR/Bc wqb Q,anrvNz64HQ8kg. 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Hands-on 3

Question # 00081380 Posted By: StePhi Updated on: 07/10/2015 10:29 PM Due on: 07/13/2015
Subject Business Topic Management Tutorials:
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Utilizing the templates provided on the Schwalbe’s textbook website, the listed Final Project documentation items at Table 10-4 on page 428 from the Schwalbe textbook, and Appendix 14.1 from Larson's and Gray’s text please create the following professional formatted forms:

1. 1.Create Expectation Management Matrix in a table format using the data from your previous Assignment # 5. Use as a sample the Table 13-3 on page 517 of Schwalbe’s textbook. You could modify and extend with additional measures of success, such as achieving customers’ satisfaction, exceeding ROI projections, accomplishing great quality expectations. Write one page Memo to the stakeholders introducing to them the Expectation Management Matrix.

2. Create Final Project Closeout Reportbased on templates from the Schwalbe’s textbook, and Appendix 14.1 from Larson's & Gray’s text. Use as project information the data from your previous Assignments #5 and #6, and prepare a professional looking Final Project Closeout Report for concluding the project. Assume the project is finished on time (for 6 months) and on budget ((total project cost $200K) as it was initially planned. This task should be integrated in one MS Word file and should include:

2.1 2.1 Final report with executive summary, review analysis, and recommendations
2.2 Project Deliverables
2.3 Client acceptance form
2.4 Lessons learned report.

3. Create 15 to 20 slides Power Point presentation using the information from Task 1 and 2 above to present at the closing meeting with the stakeholders the Final project information.

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Tutorials for this Question
  1. Tutorial # 00077070 Posted By: vikas Posted on: 07/14/2015 09:06 AM
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