PROJMGNT 2021 Project Management For Budgeting System
Answer:
Scope Management Plan
Project Overview including Owner, Sponsors, and Stakeholders
The project is developed for case study of Information System where a new information system (Bespoke system) would be developed using the programming language of C# that would be helpful for developing the effective implication management. The system would be developed considering the function of project cost estimating, budgeting, and schedule estimating. The completion of the system would result in developing the effective system for creation of the cost baseline, cash flow, earned value calculation, percentage complete proposal. The project owner is Jack Nicholson, proprietor of a consultancy firm that would require the system for his firm. The project sponsor is Diana Keith, CEO of State Bank and she would support the project with resources. The stakeholders of the project include the owner, sponsor, project manager, steering committee, and project team.
Problem Statement
It is very crucial for calculating the project cost, budget, and schedule and with the growth of the project scale, the calculation have become very complex. Hence, the bespoke system would help the organization with creation of the cost baseline, cash flow, earned value calculation, percentage complete proposal.
Project Deliverables
The deliverables for the project of Development of Bespoke System for project estimating, costing, and budgeting system include,
- Proper Documentation of the charter, plan, risk management, and final report
- Design of the Bespoke System and it simulation
- Program for the Bespoke System
- New Server merged with the existing server
- 25 Client PCs configured with Windows 10, NIC card, and the system
- Proper Testing Results
Milestones
The milestones for the project of Development of Bespoke System for project estimating, costing, and budgeting system are,
|
WBS |
Task Name |
Duration |
Start |
Finish |
|
M1 |
Kick off |
0 days |
Fri 10/12/18 |
Fri 10/12/18 |
|
M2 |
Information Phase Completed |
0 days |
Thu 10/11/18 |
Thu 10/11/18 |
|
M3 |
Design Approval |
0 days |
Tue 10/16/18 |
Tue 10/16/18 |
|
M4 |
System Developed |
0 days |
Mon 10/22/18 |
Mon 10/22/18 |
|
M5 |
PCs Configuration done |
0 days |
Mon 11/5/18 |
Mon 11/5/18 |
|
M6 |
Testing Results Documented |
0 days |
Tue 11/6/18 |
Tue 11/6/18 |
|
M7 |
Training Completed |
0 days |
Thu 11/1/18 |
Thu 11/1/18 |
|
M8 |
Project Closure |
0 days |
Thu 11/15/18 |
Thu 11/15/18 |
Cost Estimates
The cost estimates for the project of Development of Bespoke System for project estimating, costing, and budgeting system are,
|
Project Budget Estimation | ||||
|
Project Name: Development of Bespoke System for project estimating, costing, and budgeting system | ||||
|
Resource Name |
Type |
Duration/Units |
Standard Rate |
Total Cost |
|
Project Manager |
Human |
40 |
$125.00 |
$5,000.00 |
|
Planner |
Human |
40 |
$40.00 |
$1,600.00 |
|
Network Engineer |
Human |
136 |
$100.00 |
$13,600.00 |
|
Data Admin |
Human |
88 |
$85.00 |
$7,480.00 |
|
Programmer |
Human |
152 |
$110.00 |
$16,720.00 |
|
Designer |
Human |
24 |
$90.00 |
$2,160.00 |
|
System Engineer |
Human |
80 |
$120.00 |
$9,600.00 |
|
Tester |
Human |
96 |
$70.00 |
$6,720.00 |
|
Trainer |
Human |
80 |
$50.00 |
$4,000.00 |
|
Support team |
Human |
64 |
$45.00 |
$2,880.00 |
|
Server Cost |
Material |
1 |
$4,000.00 |
$4,000.00 |
|
Design Software |
Material |
1 |
$1,000.00 |
$1,000.00 |
|
Database Storage |
Material |
1 |
$1,500.00 |
$1,500.00 |
|
Programming Software |
Material |
1 |
$1,300.00 |
$1,300.00 |
|
Windows 10 |
Material |
10 |
$100.00 |
$1,000.00 |
|
NIC Card |
Material |
10 |
$55.00 |
$550.00 |
|
Testing tools |
Material |
4 |
$200.00 |
$800.00 |
|
Documents |
Material |
3 |
$30.00 |
$90.00 |
|
Total Budget |
$80,000.00 | |||
Project Assumptions and Risks
The assumptions for the project of Development of Bespoke System for project estimating, costing, and budgeting system are,
- Project would be completed in the estimated time and budget
- Project Plan would be feasible for the organization
- Testing Results are positive and supportive
- Improvement Plan would be helpful for analysing the development factors
The risks for the project of Development of Bespoke System for project estimating, costing, and budgeting system are,
|
Risk |
Likelihood (L) |
Impact (I) |
Rating (L*I) |
|
Delay in Completion |
5 |
2 |
10 |
|
Over budget |
3 |
3 |
9 |
|
Issues in Server Installation |
2 |
5 |
10 |
|
Compiling Errors in Codes |
3 |
5 |
15 |
|
Installation Issues |
2 |
4 |
8 |
Project Limitations
The limitations for the project of Development of Bespoke System for project estimating, costing, and budgeting system are,
- Time Bounded by the duration of 34 days
- Cost Bounded by a budget of $80,000.00
- Quality Bounded by the functions of automatic
Project Acceptance Criteria
The acceptance criteria for the project of Development of Bespoke System for project estimating, costing, and budgeting system are,
- Project had been completed in the estimated time and budget
- Project Plan had been feasible for the organization
- Testing Results were positive and supportive for implementation
WBS
Procurement Plan
The procurement of the project would be done following the Fixed Cost Contract between the contractors (including sub contractors) and the project owner. The contractor would deliver the project requirements and implementing the effective development management. The information development would be effectively managed with the consideration and formation development.
Communication Plan
The communication plan would be effectively managed for integrating the development of the information management and utilization development. The communication of the project plan would be developed for involving the management of the communication means and implying the management of the successful project plan development. The implication would be developed for considering the development of communication operations.
Budget Cost Estimates
|
Resource Name |
Type |
Duration/Units |
Standard Rate |
Total Cost |
|
Project Manager |
Human |
40 |
$125.00 |
$5,000.00 |
|
Planner |
Human |
40 |
$40.00 |
$1,600.00 |
|
Network Engineer |
Human |
136 |
$100.00 |
$13,600.00 |
|
Data Admin |
Human |
88 |
$85.00 |
$7,480.00 |
|
Programmer |
Human |
152 |
$110.00 |
$16,720.00 |
|
Designer |
Human |
24 |
$90.00 |
$2,160.00 |
|
System Engineer |
Human |
80 |
$120.00 |
$9,600.00 |
|
Tester |
Human |
96 |
$70.00 |
$6,720.00 |
|
Trainer |
Human |
80 |
$50.00 |
$4,000.00 |
|
Support team |
Human |
64 |
$45.00 |
$2,880.00 |
|
Server Cost |
Material |
1 |
$4,000.00 |
$4,000.00 |
|
Design Software |
Material |
1 |
$1,000.00 |
$1,000.00 |
|
Database Storage |
Material |
1 |
$1,500.00 |
$1,500.00 |
|
Programming Software |
Material |
1 |
$1,300.00 |
$1,300.00 |
|
Windows 10 |
Material |
10 |
$100.00 |
$1,000.00 |
|
NIC Card |
Material |
10 |
$55.00 |
$550.00 |
|
Testing tools |
Material |
4 |
$200.00 |
$800.00 |
|
Documents |
Material |
3 |
$30.00 |
$90.00 |
S-Curve of Cost Estimates
Parametric/Bottom up
The cost estimation has been done using parametric/bottom up estimation and it would help in ensuring that the cost estimates of the project procurement processes. The estimation of the bottom up estimation would be implied for easing the management of the processes. The resource analysis would be helpful for entailing the development of the improved budget resources and forming effective and influential development model.
Stakeholder Register
The stakeholder register for the project of Development of Bespoke System for project estimating, costing, and budgeting system are,
|
Name |
Position |
Role |
Contact Information |
Requirements |
Expectations |
Influence |
Classification |
|
Jack Nicholson
|
CEO of Consultancy Firm |
Owner |
+41-XXXX-XXXX |
Bespoke System |
High |
High |
Internal |
|
Diana Keith
|
CEO of State Bank |
Sponsor |
+41-XXXX-XXXX |
Revenue Generation |
High |
High |
External |
|
<<name of the student>> |
Manager of the Project Firm |
Project Manager |
+41-XXXX-XXXX |
Completion of project |
Low |
High |
Internal |
|
Teddy Lewis |
Head Engineer |
Programmer |
+41-XXXX-XXXX |
Execution of the codes |
Low |
Low |
External |
|
Katie McQueen |
Quality Head |
Analyst |
+41-XXXX-XXXX |
Functions of the System |
High |
Low |
Externala |
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