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PROJ 592 Proj Cost and Schedule Control Course Project All weeks Part 1_2 and 3 Complete Answer

PROJ 592 Proj Cost and Schedule Control Course Project All weeks Part 1_2 and 3 Answer

PROJ 592 Proj Cost and Schedule Control Course Project All weeks Part 1_2 and 3 Answer

Course Project Part 1—Due Week 2
For Part 1 of the Course Project, assume you have been appointed project manager of a new project for your organization. Your first assignment is to create a scope statement and WBS for this project.
For this part of the Course Project, you select a project of your choosing. This selected project will be used in Project Part 1 and Project Part 2. I suggest you verify with your instructor the suitability of your selected project by the end of Week 1.
Select a project of personal interest. For example, select a project where you can identify realistic cost and scheduling concerns. Opening a small retail storefront or a franchise is one example. When selecting your project, keep in mind the goal of CP-1 is to create a scope statement and WBS. In Project Part 2, you will need to create a budget and schedule for this project. Choose something relatively straightforward. For example, simple start-ups, such as pizza or fast-food franchises, work well because information is readily available. It is preferred that you do NOT pick remodeling a house, but building a house or flipping a house is acceptable.
The CP-1 Project Proposal will be structured with the following sections.
• Cover page including assignment, project title, course, and student contact information
• Executive summary that summarizes the content from the entire document with quantifiable highlights, such as overall cost, duration, and so on
• Project scope statement describing the project
• Resource loaded WBS and schedule with proper grouping, indenting, and coding for approximately 25 to 40 line items
Submission Requirements
• The scope statement should be written following guidelines for writing a scope as found in the PMBOK® Guide in Chapter 5.
• The WBS should be created in MS Projects following standard indent and outdent practices used in WBS creation.
• The assignment should be submitted as two files: one MS Word file for the scope statement and one MS Project file containing the project WBS.

Course Project Part 2—Due Week 4
In project Part 2, we create a schedule and accurate budget for your project. You need to focus on detailed cost estimating, scheduling, and cost justification. Estimating includes specific assumptions made during the estimating process, as well as quantities, unit prices, hourly rates for tasks, and accumulated totals. You must justify all of your costs; this includes direct, indirect, variable, fixed, and overhead.
The CP-2 Project Proposal will be structured with the following sections.
• Cover page including assignment, project title, course, and student contact information
• Executive summary summarizing the content from the entire document with quantifiable highlights, such as overall cost, duration, and so on
• Project scope statement describing the project
• Resource loaded WBS and schedule with proper grouping, indenting, and coding for approximately 25 to 40 line items. This also needs to include a work package, deliverables, and activities, activity relationships, activity durations, and activity resources.
• Cost estimates for each activity. Capital cost estimates should include building, franchise fees, equipment, and so on, if required for your project.
• Cost assumptions including a list of assumptions made when deriving your estimates
NOTE: Each section should include the detail as described above, along with a proper discussion about the included data as well as the project manager’s analysis and interpretation of the information.
Submission Requirements
• The assignment should be submitted as two files: one MS Word file for the scope statement and documentation sexcept for the WBS; and one MS Project file containing the project WBS, schedule, resource loading, and budget information.
• CP-2 must include a cover page.
• As a guide, the body of CP-2 should be between five and 10 pages in length (i.e., not including cover page, appendix, and MS Project file).

Course Project Part 3—Due Week 7
For CP-3, we will leave CP-2 behind and start fresh. CP-3 is a performance review of a new indoor theme park project. You will utilize the provided project information and data to create a new project schedule, which will represent your project at a specific point during implementation. You will load the information and data into Microsoft Project where the data will serve as the basis for project monitoring and control and earned value analysis. The output of the analysis, combined with a control plan, will be used to support the continuation of your project.
The CP-3 Project Performance Report will be structured with the following sections.
• Cover page including assignment, project title, course, and student contact information
• Executive summary summarizing the content from the entire document with quantifiable highlights, such as overall project cost and schedule performance and estimate to completion, and making the pitch to project stakeholders to continue the project
• Schedule 1 an MSP Gantt chart schedule (required) that incorporates the provided project data, established baseline, and proper review date representing the anticipated 50% completion date
• Performance analysis utilizing earned value data to analyze the project cost and schedule performance
• Estimate at completion including a forward-looking estimate of the project completion date and the final project costs
• Cost and schedule control plan providing a corrective action plan to bring the project back in line with your project baseline
• Revised estimate at completion including the corrective actions from the control plan along with the resulting cost impact and schedule impact
• Schedule 2 including revised MSP Gantt chart schedule (required) that reflects the impact of your corrective actions
Submission Requirements
• CP-3 must be submitted as a single document in MS Word. Information or details created with other tools like Excel or MS Project, such as tables, charts, or graphs, must be incorporated into the MS Word file submittal as an inserted object, such as a JPEG. (For help with MS Project, see the Video Tutorial link below.) Failure to follow this requirement will result in the return of the proposal for re-formatting to the requested MS Word format.
• You may insert objects into the body of your paper to support your discussion if they are half a page or less. Larger items should be included in an appendix with appropriate references to this information.
• CP-3 must include a cover page.
• As a guide, the body of CP-3 should be between five and 10 pages in length (i.e., not including cover page, appendix, etc.).

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