Project estimating and budgeting
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Project estimating and budgeting
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The course focuses on pertinent factors of the project process and methodologies employed for cost estimating and budgeting. It goes ahead to explore fundamentals, such as determining project expenses, scheduling and project sequencing and quality administration to ensure successful competition of projects.
Assignment 3: Project Performance
Due Week 6 and worth 230 points
Build on the project from Assignment 2. This assignment consists of two (2) sections:
· MS Project Exercise
· Project Performance 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.
Project estimating and budgeting
Section 1: MS Project Exercise
Update the project schedule in MS Project to account for the following changes:
1. Develop a network schedule for your project using either the arrow diagramming method or the precedence method. Also, your project schedule should illustrate float/slack for each activity.
Section 2: Project Performance Paper
Write a six to eight (6-8) page paper in which you:
2. Summarize your project. Note: Your summary should include, but not be limited to, the project’s key objectives, projected costs and resources, and high-level timeline.
3. Create a responsibility assignment matrix (RAM) for your project, and justify your response.
4. Outline the network schedule for your project. Include a narrative description of your network schedule.
5. Analyze the critical path of your project, and discuss the total float in the project. Next, suggest the primary measures that you would use in order to manage the critical path and reduce the float in the project.
Project estimating and budgeting
6. Identify and discuss at least one (1) best practice from the PMBOK textbook for each process group that you would apply in order to manage the project schedule. Justify your response.
Your assignment must follow these formatting guidelines:
· Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; 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 page length.
The specific course learning outcomes associated with this assignment are:
· Analyze project management processes for scheduling and sequencing work components.
· 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
Project estimating and budgeting
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