Explain the conceptual details of budgeting including top down and bottom up, variable cost, fixed cost (citations needed) Decide what you will be using for this project and justified your choice (optional, can do in assignment 2)

/in /by
  • Background of company

What your company is doing?  E.g. project company, audit company

Mission/Strategy of your company.  E.g. focus on oversea project, caring company doing CSR

 

  • Scope of report
  • Selection criteria of case study
  • Identify a specific project within the case study
  • Define and give examples of project types
  • Identify what elements should be included in managing the scope plan of the project you have chosen
  • Identify which tools and techniques you will utilize within the project.

 

  1. Selection criteria of case study

 

2.1       Define project types

–      (L2S13, 27, 29)

–      Give examples of each project types

 

2.2      Method to select project

–        Explain project screening process (L2S26)

* Deciding how well a strategic or operations project fits the organisation’s strategy

–        List and briefly describe different methods e.g. Checklist Selection Model (L2S19-21), Financial and Non Financial Methods (L2S15-18)

–        Which method will you use and why?

  1. Project Scope Checklist

 

3.1       Objective of project

–      SMART definition (see prescribed text p.31; PPT L2S8)

–      Specific (limit your scope), Measurable (ways to measure), Assignable (your team, number of people), Realistic (subjective, judge by marker, can judge scale by budget?), Time (duration, start, finish)

–      Explain how this project matches the strategy for organisaiton

 

3.2       Deliverables

  • Conceptual discussion and explanation of deliverables (citations needed)
  • Describewhat you will give client at end of project e.g. UOS MBA will produce knowledgeable Biz graduate suitable for working environment, Birthday party will produce happy people with good memories and pictures for Facebook

 

3.3       Milestones

  • Conceptual discussion and explanation of milestones (citations needed)
  • If you are using software such as MS Project, this can be extracted direct
  • Be specific on milestone dates e.g. by 31 Jul 2014, before 1 Aug 2015. But not end 3rd quarter 2014, before week 31, 2015.  See example below.

 

Table1.4: Milestones

Date Activities
2 Mar 2015 Materials of racking system at the customer’s site
  Training contractual workers
6 Mar 2015 Finishing frames assembling and floor positioning
11 May 2015 Fine-tuning installation, final checking, full load testing, customer training
12 May 2015 Delivering and ending the project

 

3.4       Technical requirements

  • Conceptual discussion and explanation of technical requirements (citations needed)
  • List down KEY requirements e.g. machines, utilities, vehicles, PA system

 

3.5       Limits and exclusions

  • Conceptual discussion and explanation of Limitations (citations needed)
  • List of things not included in this project e.g. Birthday parties excluding door gift, hard liquor; Company outing exclude insurance, entrance tickets

 

3.6       Reviews with customer(Optional)

  • When is customer consulted? Before or after plan?
  • What amendments or input has customer provided?

 

  1. Tools and Techniques in PMP

 

  • Work Breakdown Structure (WBS)

–           Explain in detail the meaning of WBS, work package, usefulness of WBS (citations needed)

 

4.2      Organisation Breakdown Structure (OBS)

–           Explain in detail OBS including the types and classification (citations needed)

–           Explain the type chosen for your project team and justified (with discussion of advantages) – optional, can do in assignment 2.

 

4.3      Network diagram

–           Explain the conceptual of network diagram and purpose (citations needed)

 

4.4      Gantt Chart

–           Explain the conceptual of Gantt Chart and purpose (citations needed)

 

4.5      Budgeting

  • Explain the conceptual details of budgeting including top down and bottom up, variable cost, fixed cost (citations needed)
  • Decide what you will be using for this project and justified your choice (optional, can do in assignment 2)

 

4.6      Risk Management

  • Explain the conceptual details of risk management, including risk identification, risk assessment, risk response development and risk response control (citationsneeded).

 

  1. Conclusions
  • Summary of key findings and recommendations discussed in essay

At least 3 paragraph

(1) Background of company (3 lines)

(2) Case explanation (3 lines)

(3) What to do in PMP (3 lines)

  • NO new points to be brought up

 

References

 

Larson, E.W. and Gray C.F. (2014) Project Management: The Managerial Process, 6th ed. McGrawHill Irwin, Boston, M.A.

 

(Larson & Gray, 2014)

Table of Contents

  • Include page numbering in the table of contents
  • Every section to have proper numberings e.g. 1, 1.1 and not I, II, III
  • Recommend to use auto format in Words (References tab section)

 

  1. Project Scope and Definition

 

  • Introduction
  • This is the detail report following the project proposal report discussion. It involved …. (summary of what you are doing – 5 lines)
  • Structure and layout of report e.g. section 1 … section 2 …

 

  • Objectives
  • The project aims to … . The detail smart definition has been provided in previous report (see annex A – p. 3, section 2.1)
  • No changes because client has agreed after discussion
  • Highlight changes (if any) e.g. clients feedback

 

  • Deliverables
  • Define deliverables (textbook ref.).
  • Details of this deliverables remains unchanged as indicated/provided in annex A – …)
  • No changes because client has agreed after discussion
  • Highlight changes (if any) e.g. clients feedback

 

  • Milestones
  • Same as above

 

  • Technical Requirements
  • Same as above

 

  • Limitations
  • Same as above

 

(Detail examples of this section available in prescribed text pp. 231 – 236)

 

 

  1. Project selection and prioritization

 

Explain in summary how you have done selection and refer to annex for detail

 

 

  1. Work Breakdown Structure (WBS)

 

Things to do BEFORE WBS (this table is for action, not part of report)
–          Draw structure tree of your project–          At least three level for some branches and 20 activities (end of branch work)

–          Cut out these activities and arrange their sequent

–          Write the flow into predecessor table and decide their duration

–          Enter data into software such as MS Project (MUST by software)

–          Decide on your project team (5 members) and responsibilities of every member

–          Enter data into MS Project (note ONLY 30 days trial)

–          Run the project and adjust accordingly

 

–           Explain in detail the meaning of WBS, work package, usefulness of WBS (citationsneeded)

 

  • Activities of project

 

–           Draw the WBS you have already work out above (explain in box above).   Use software generated copy (if possible), otherwise use manual.

  • Explain in detail what your project activities are, justified their inter-relationship, justified the duration allocation for each activities
  • Example of a WBS:

 

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