course Homework

course Homework

Deliverables Step 1: Update MS Project with Fixed Cost Information | Step 2: Update MS Project with Variable Cost Information | Step 3:

Answer the following essay question

Deliverables Now that your project schedule has been created and your resources have been loaded, let’s take a closer look at the cost of the project.
This week, you will have two deliverables.
• Enter project cost information into MS Project– 15 points
• Answer questions regarding earned value analysis– 30 points
Please provide these two deliverables (MS Project file, and MS Word document) to the Week 4 Drop Box. Please refer to the course syllabus for your due date.
To help guide you through these deliverables, please follow the three step process on the following pages.

Step 1: Update MS Project with Fixed Cost Information You have just received the fixed costs that pertain to this project. With this information enter it into MS Project following the instructions below.

Resource/Cost Initials Full Name Cost Type Fixed Cost ($)
BD Create Building Design Fixed $32,000
SC Procure Site Cost Fixed $216,000
PC Cost to Obtain Permit & Approval Fixed $3,200
BC Construct Building Costs Fixed $1,200,000
EC Procure Equipment Costs Fixed $780,000
IC Cost to Install Equipment Fixed $120,000
TC Procure Truck Fleet Cost Fixed $135,000
LC Cost to Install Landscaping Fixed $26,000
Resource Fixed Cost List Instructions Microsoft Project 2010
The following steps should be followed when setting up the Huntsville Plant Project Resources with Microsoft Project:
1. Use the information supplied above on the Resource Cost List. Enter fixed costs for appropriate activities.
o Go to the gray area at the top of the project on the “Duration” column and “Right Click” and choose “Insert Column.” Type in “Fixed Cost” and hit enter.
o Enter the fixed costs above in the fixed cost column as listed adjacent to the appropriate tasks.
Resource Fixed Cost List Instructions Microsoft Project 2007
The following steps should be followed when setting up the Huntsville Plant Project Resources with Microsoft Project:
1. Use the information supplied above on the Resource Cost List. Enter fixed costs for appropriate activities.
o Choose View – More Views. In the views box, select Task Sheet, Apply.
o Next select a task (e.g. “Create Building Design”). Display the Cost Table (View – Table: Cost). Type “32,000” in the fixed cost column. Repeat for other fixed costs.

Step 2: Update MS Project with Variable Cost Information Variable Resource List
With the help of the human resources, accounting, purchasing, and finance departments, resources have been identified to assist with the project. The resources are provided below and need to be loaded into MS Project and then allocated to the Project Schedule:
Resource/Cost Initials Full Name Cost Type Hourly Rate ($/Hr)
FS Facility Specialist Resource $21
PM Project Manager Resource $32
CP Corp. Personnel Resource $18
PS Production Specialist Resource $24
RC Real Estate Consultant Resource $55
ME Manufacturing Engineer Resource $18
GC General Contractor Resource $70
PD Personnel Director Resource $20
AC Architect Resource $65
MS Marketing Specialist Resource $24
AD Accounting Director Resource $22
TM Traffic Manager Resource $19
PA Purchasing Agent Resource $22

Resource Variable Cost List Instructions for Microsoft 2010

Using this information, go back into the Resource Sheet to update the Hourly Rate for each resource.
• Click on the View tab. Click on the Resource Sheet icon under the “Resource Views” section. The Resource sheet icon is the middle icon on the right of this view with two heads. Check to make sure the Type field is “Work” and enter the dollar amount above for the Hourly Rate for each resource in the Std. Rate column.
• To access various reports with cost and other information select Reports under the Project tab.
Resource Variable Cost List Instructions for Microsoft 2007
Using this information, go back into the Resource Sheet to update the Hourly Rate for each resource..
• Click on “View”, “Resource Sheet”, and enter the standard rate for each role. For example, for the PM Resource, enter “32” in the Std. Rate column. This will default to $/hour.

Step 3: Answer the following essay question Answer the following essay question
Now that your project schedule has been created, your resources have been loaded, and your resource costs have been allocated, please analyze your results and answer the following questions.
After you enter all of your resources, answer the following questions:
1. What is your total budget for this project? Was the project within the budget as set forth by the board of directors? [5 points]
2. What is your budget for the Planning Phase? What is the Planning Phase duration in weeks? [5 points]
3. What is your budget for the Preparation Phase? What is the Preparation Phase duration in weeks? [5 points]
4. As your project launches, what are some of the key performance indicators that you will monitor and control? Why are these performance indicators critical to mange during the project? [15 points]
Formulate the above responses into a two to three page essay report. Remember, the report must be to a level of clarity and depth that would be readily understood by the executive management. Do support your analysis with both in-text citation and references from the textbook, PMBOK or other juried sources. Include a cover sheet and a reference page. Use APA Style format, spacing double, one inch margins, Times New Roman, 12 point font size.

 

 

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