Project: Complete bathroom remodel
I. Project Outline
a. Give a brief description of the project.
b. Discuss the overall project deliverable.
II. Cost, Schedule, and Technical Performance Management
a. Discuss cost techniques both in determining initial estimates and in monitoring
and controlling them throughout the life of the project.
b. Determine the project schedule for the acquisition component of the overall
project and include a copy of it.
c. Develop the program evaluation and review technique (PERT) and critical path
method (CPM) for this project, and create those charts.
d. Describe all of the key schedule influencers that can impact a schedule positively
or negatively and how you would handle them.
III. Management of Small Projects
a. What tools, techniques, and methods that you would traditionally use in a larger
project would you still incorporate in managing a small project?
b. What do you envision the roles and responsibilities to be for smaller projects?
c. Describe the schedule change management process that you would implement for
smaller projects and how this differs from what you might use for larger projects.
d. Develop your small acquisition project schedule using MS Project (tasks,
predecessors, duration, and resources assigned).
e. Copy a screen print of the schedule and Gantt chart into this shell.
f. Copy a screen print of the critical path network diagram, or of the Gantt screen of
the Tracking Gantt view showing the critical path into this shell.
g. Describe the specific processes that you will use within each of the 5 Project
Management Institute (PMI®) process groups: initiating, planning, executing,
monitoring, and controlling and closing.
IV. Acquisition Project Guidelines
a. Explain how you will refine your system acquisition project schedule of activities
and deliverables that will also be incorporated in your project plan. (In reviewing
your initial project schedule, what additional activities or deliverables did you
discover that might also need to be included?)
b. What evaluation techniques will you use to determine which seller has the best
system that you are hoping to purchase? What information will you ask for in the
request for proposal (RFP)?
c. What information will you require from the selected vendor in terms of project
status and budget?
d. Update the project plan and Gantt Chart with acquisition project activities with
MS Project, and attach it.
e. Develop a request for proposal (RFP) template for the acquisition project.
f. Develop a table with the vendor evaluation criteria.
g. Diagram and describe the vendor status update process.
V. Costing Methods and Tools
a. Select 2 of the costing methods, and discuss why they will support developing a
realistic budget.
b. Provide an example of computations for a few of the activities for the 2 selected
methods.
c. Fill in a table similar to the example table so that your 2 different total project
budgets are based on the 2 selected methods.
d.
e. Discuss what type of contingency budget you will put in place based on the 2
budgets to mitigate an underestimation.
VI. Earned Value Management System
a. Discuss how an earned value analysis will be utilized for this project or Key
Assignment, including the formulas to compute earned value analysis (EVA).
b. Cover the following 4 scenarios and what you should do:
i. Behind schedule and over budget: Include a sample calculation that
would trigger this interpretation, along with a graph.
ii. Ahead of schedule and on budget: Include a sample calculation that
would trigger this interpretation, along with a sample graph.
iii. Behind schedule and on budget: Include a sample calculation that would
trigger this interpretation, along with a sample graph.
iv. Ahead of schedule and under budget: Include a sample calculation that
would trigger this interpretation, along with a sample graph.
c. Discuss for each of the above situations how you compute the final cost and end
date if nothing changes with its present state.
VII. Overall Cost and Schedule Performance
a. Discuss how you will monitor progress.
b. Discuss what metrics, reports, and graphs you will use to monitor progress.
c. Discuss how they would determine the cause of the variation.
d. Discuss how you will respond to deviations; (specifically around schedule
compression and a contingency budget).
