PMBOK Guide sections 2.4.1-2.4.6 Download 2.4.1-2.4.6(14 pages); 2.5.5-2.5.6 Dow

Assignment Description

PMBOK Guide sections 2.4.1-2.4.6 Download 2.4.1-2.4.6(14 pages); 2.5.5-2.5.6 Download 2.5.5-2.5.6(2 pages) (Project Management Institute 2021)
Scheduling 101—the Basics of Best Practices Links to an external site.(Jones 2009)
Project Scheduling: Improved Approach to Incorporate Uncertainty Using Bayesian Networks Download Project Scheduling: Improved Approach to Incorporate Uncertainty Using Bayesian Networks(Khodakarami et al 2009)
Improving Project Budget Estimation Accuracy and Precision by Analyzing Reserves for Both Identified and Unidentified Risks Download Improving Project Budget Estimation Accuracy and Precision by Analyzing Reserves for Both Identified and Unidentified Risks(Kwon and Kang 2019)
Developing a Total Project Budget for a Healthcare Capital Project Links to an external site.(Nolin 2017)
Sample CDC Worksite Health Budget Download Sample CDC Worksite Health Budget(Center for Disease Control 2013)
Assignment Overview
For this assignment, you will start a work-breakdown structure (WBS), schedule and budget, and/or resource utilization plan for your portfolio assignment project. It is important to consider all aspects of the project when completing your schedule and budget/resource utilization plan.
Your Tasks
For this assignment, you will design the following elements. To make it seamless, it is advisable to use project software (i.e. ProjectLibre, MS Project, SmartSheet) that can integrate all elements together as you design your WBS.
Work-breakdown Structure (WBS)
Detailed WBS that includes task information, WBS numbering, and anticipated duration.
If you are using project software, including resource/budget in the WBS line item and duration/task dependencies will help you create your schedule and budget quicker.
Schedule
You need to provide a graphical representation of your schedule. You can utilize any of the following types of schedule tools:
Gantt Chart
CPM Chart
PERT Chart
If your project has tasks that are variable, consider using PERT with ranges of times for your duration. This will allow you to keep track of variances in the schedule.
Budget/resource utilization plan
Budgets are utilized if there will be an expense associated with the project/WBS. This can be referencing your material cost, labor costs, or overhead costs.
Resource utilization plans are helpful if budgets are not tracked (often with internal projects). You will want to track elements such as man-hours, materials/supplies, infrastructure needs, etc.
Be sure that your elements are created clearly to the stakeholders of the project. If needed, provide a summary document with your required elements to explain anything.

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