Inf2040 Project Management For Service Assessment Answers

Discuss about the Project Management For Service Tourism Convention Project.

The project cost management has been done considering the resource usage plan and the bottom up estimation method in which each of the resource usage is multiplied by the standard rate of the resource. The summation of the cost of individual resource has help in calculating the final project budget cost. The following is the cost estimation for the project,

Resource Name	Work	Standard Rate	Cost
Analyst	16 hrs	$45.00/hr	$720.00
Documenter	96 hrs	$50.00/hr	$4,800.00
Planner	56 hrs	$55.00/hr	$3,080.00
Project Manager	152 hrs	$100.00/hr	$15,200.00
Risk Analyst	24 hrs	$60.00/hr	$1,440.00
Event Manager	40 hrs	$75.00/hr	$3,000.00
Volunteers	80 hrs	$70.00/hr	$5,600.00
Contractor	64 hrs	$80.00/hr	$5,120.00
Engineer	40 hrs	$90.00/hr	$3,600.00
Vendor	24 hrs	$70.00/hr	$1,680.00
Documents	3	$150.00	$450.00
Food and Beverage	1	$10,000.00	$10,000.00
Construction Material	1	$15,000.00	$15,000.00
Audio-Video Equipments	1	$5,310.00	$5,310.00
Total Budget		$75,000.00

Quality Management

The quality management for the project of Service-Tourism Convention Project can be done for following the effective implication of the SDLC process. The SDLC comprise of the following elements,

Information Collection: The collection of the required information is done in this phase for the project tasks.

Plan Development: The project tasks are scheduled using the appropriate calendar software for execution of the project.

Execution: The project tasks has be executed successfully for the finalizing of the project.

Monitor and Control: The monitor and control of the project has be done using 7QC, checklist, and evaluation methods.

Communication Management

Communication Medium	Information Transferred	Frequency	Sender	Receiver
Reports	Project Progress	Weekly	Project team, Project Manager	Project Client, Sponsor
Emails, Messages	Issues identified	Monthly	Project team	Project Manager
Face to Face Talk	Project Requirement	Once	Project Client	Project Manager
Phone calls	Change requirements	Twice	Project Manager, Project Manager	Project Manager, Project Team

Risk Management

Risk Factor	Type	Probability	Impact	Mitigation
Delay in Completion	Operational	High	Low	Time Management Plan should be used
Cost Issues	Financial	Medium	Medium	Provisional Budget should be included
Technical Issues	Technology	Low	High	Hiring of external engineer

Conclusion

The event is developed for executing the event of management of the better activity alignment. The finalizing of the documents had been helpful for analysing the prospect of developing successful project tasks. The finalizing of the project had been eased with the usages and development of the successive information management.

Bibliography

Binder, J. (2016). Global project management: communication, collaboration and management across borders. Routledge.

Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach. Routledge.

Heagney, J. (2016). Fundamentals of project management. Amacom.

Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.

Larson, E. W., Gray, C. F., Danlin, U., Honig, B., & Bacarini, D. (2014). Project management: The managerial process (Vol. 6). Grandview Heights, OH: McGraw-Hill Education.

Leach, L. P. (2014). Critical chain project management. Artech House.

Mir, F. A., & Pinnington, A. H. (2014). Exploring the value of project management: linking project management performance and project success. International journal of project management, 32(2), 202-217.

Verzuh, E. (2015). The fast forward MBA in project management. John Wiley & Sons.