February 23, 2017

Homework Help: Project Budget

Posted by Misty on Sunday, November 11, 2012 at 1:04pm.

For a Company Wide Compliance System

Project Budget

The project for the company offsite 2-day training session has been given a preliminary go-ahead. However a budget needs to be submitted for approval.

Write a 2- to 3-page memo explaining the financial implications of your project that does the following:

· Adds costs estimates to your resources (both labor and material) – Refer to websites like the United States Department of Labor for estimates.

· Adds estimates for all task duration and sequencing of tasks (including precedence relations)

· Summarizes any relevant facts about the project duration, number or type of resources, critical task sequencing, and how duration estimates were arrived at

· Highlights if there are any milestones for your project

Include a Microsoft® Project Gantt chart, as an attachment, showing the WBS of tasks (with dependencies) and task sequences, along with any budget or cost reports to support your memo.

Project Controls:

The company offsite 2-day training session project is about ready to enter the execution phase. However, management has a history of being surprised with projects that finished over-budget, did not adhere to the timeline, evinced waste of resources, or did not meet expectations.

Address your strategy for the following in a 2- to 3-page memo to gain their confidence in your project management abilities:

· Analyze and report unplanned changes

· Evaluate project quality

· Procedures you plan to implement for handling change control issues

· How you plan to communicate whether the project is meeting any stated performance and quality objectives

Include an updated Microsoft® Project file.

Project Postmortem:
Now that the company offsite 2-day training session project is over, conduct a postmortem review.

Submit a 1- to 2-page memo that does the following:

· Details the benefits and drawbacks of a postmortem review

· Lists who should partake in this meeting,

· Indicates what you hope to discover at the conclusion

Include an updated Microsoft® Project file.

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