For this part of the Course Project, you select a project of your choosing. This selected project will be used in Project Part 1 and Project Part 2. I suggest you verify with your instructor the suitability of your selected project by the end of Week 1.
Select a project of personal interest. For example, select a project where you can identify realistic cost and scheduling concerns. Opening a small retail storefront or a franchise is one example. When selecting your project, keep in mind the goal of CP-1 is to create a scope statement and WBS. In Project Part 2, you will need to create a budget and schedule for this project. Choose something relatively straightforward. For example, simple start-ups, such as pizza or fast-food franchises, work well because information is readily available. It is preferred that you do NOT pick remodeling a house, but building a house or flipping a house is acceptable.
The CP-1 Project Proposal will be structured with the following sections.
Cover page including assignment, project title, course, and student contact information
Executive summary that summarizes the content from the entire document with quantifiable highlights, such as overall cost, duration, and so on
Project scope statement describing the project
Resource loaded WBS and schedule with proper grouping, indenting, and coding for approximately 25 to 40 line items
Submission Requirements
The scope statement should be written following guidelines for writing a scope as found in the PMBOK® Guide in Chapter 5.
The WBS should be created in MS Projects following standard indent and outdent practices used in WBS creation.
The assignment should be submitted as two files: one MS Word file for the scope statement and one MS Project file containing the project WBS.
Course Project Part 2—Due Week 4
In project Part 2, we create a schedule and accurate budget for your project. You need to focus on detailed cost estimating, scheduling, and cost justification. Estimating includes specific assumptions made during the estimating process, as well as quantities, unit prices, hourly rates for tasks, and accumulated totals. You must justify all of your costs; this includes direct, indirect, variable, fixed, and overhead.
The CP-2 Project Proposal will be structured with the following sections.
Cover page including assignment, project title, course, and student contact information
Executive summary summarizing the content from the entire document with quantifiable highlights, such as overall cost, duration, and so on
Project scope statement describing the project
Resource loaded WBS and schedule with proper grouping, indenting, and coding for approximately 25 to 40 line items. This also needs to include a work package, deliverables, and activities, activity relationships, activity durations, and activity resources.
Cost estimates for each activity. Capital cost estimates should include building, franchise fees, equipment, and so on, if required for your project.
Cost assumptions including a list of assumptions made when deriving your estimates
NOTE: Each section should include the detail as described above, along with a proper discussion about the included data as well as the project manager’s analysis and interpretation of the information.
Submission Requirements
The assignment should be submitted as two files: one MS Word file for the scope statement and documentation excerpt for the WBS; and one MS Project file containing the project WBS, schedule, resource loading, and budget information.
CP-2 must include a cover page.
As a guide, the body of CP-2 should be between five and 10 pages in length (i.e., not including cover page, appendix, and MS Project file).
Submit the Word document to theWeek 4: Course Project, Part 2Dropbox.
Course Project Part 3—Due Week 7
For CP-3, we will leave CP-2 behind and start fresh. CP-3 is a performance review of a new indoor theme park project. You will utilize the provided project information and data to create a new project schedule, which will represent your project at a specific point during implementation. You will load the information and data into Microsoft Project where the data will serve as the basis for project monitoring and control and earned value analysis. The output of the analysis, combined with a control plan, will be used to support the continuation of your project.
The CP-3 Project Performance Report will be structured with the following sections.
Cover page including assignment, project title, course, and student contact information
Executive summary summarizing the content from the entire document with quantifiable highlights, such as overall project cost and schedule performance and estimate to completion, and making the pitch to project stakeholders to continue the project
Schedule 1 an MSP Gantt chart schedule (required) that incorporates the provided project data, established baseline, and proper review date representing the anticipated 50% completion date
Performance analysis utilizing earned value data to analyze the project cost and schedule performance
Estimate at completion including a forward-looking estimate of the project completion date and the final project costs
Cost and schedule control plan providing a corrective action plan to bring the project back in line with your project baseline
Revised estimate at completion including the corrective actions from the control plan along with the resulting cost impact and schedule impact
Schedule 2 including revised MSP Gantt chart schedule (required) that reflects the impact of your corrective actions
NOTE: Each section should include the detail as described above, along with a proper discussion about the included data as well as the project manager’s analysis and interpretation of the information.
Background data for the CP-3 project can be found in Doc Sharing under the Course Project category or from this link: PROJ592_CourseHome_CP3_Start_Data.docx.
Submission Requirements
CP-3 must be submitted as a single document in MS Word. Information or details created with other tools like Excel or MS Project, such as tables, charts, or graphs, must be incorporated into the MS Word file submittal as an inserted object, such as a JPEG. (For help with MS Project, see the Video Tutorial link below.) Failure to follow this requirement will result in the return of the proposal for re-formatting to the requested MS Word format.
You may insert objects into the body of your paper to support your discussion if they are half a page or less. Larger items should be included in an appendix with appropriate references to this information.
CP-3 must include a cover page.
As a guide, the body of CP-3 should be between five and 10 pages in length (i.e., not including cover page, appendix, etc.).
Submit the Word document to the Week 7: Course Project, Part 3 Dropbox.
Category
Points
%
Description
Scope Statement
20
40
The scope statement should be written following the guidelines for writing a scope as found in the PMBOK® Guide in Chapter 5.
Resource Loaded WBS and Schedule
20
40
The WBS should be created in MS Project following standard indent and outdent practices used in WBS creation.
The WBS and schedule must have proper grouping, indenting, and coding for approximately 25 to 40 line items.
Cover Page and Summary
10
20
Summarizes the content from the entire document with quantifiable highlights
Total
50
100
A quality paper will meet or exceed all of the above requirements.
Assignment title: Project Part 2
Category
Points
%
Description
Scope Statement
10
8
The scope statement should be written following the guidelines for writing a scope as found in the PMBOK® Guide in Chapter 5.
WBS and Schedule
30
25
The WBS should be created in MS Project following standard indent and outdent practices used in WBS creation.
The WBS and schedule must have proper grouping, indenting, and coding for approximately 25 to 40 line items.
This also needs to include work package, deliverables and activities, activity relationships, activity durations, and activity resources.
Cover page and Summary
10
8
Summarizes the content from the entire document with quantifiable highlights
Cost Estimates
40
34
Cost estimates for each activity. Capital cost estimates should include building, franchise fees, equipment, and so on, if required for your project. All costs must be accounted for.
Cost Assumptions
30
25
Cost assumptions including a list of assumptions made when deriving your estimates.
Total
120
100
A quality paper will meet or exceed all of the above requirements.
Assignment title: Project Part 3
Category
Points
%
Description
General Business Presentation and Format
10
8
A professional, well-worded paper with cover page that meets requirements and maintains continuity from start to finish. The paper uses proper references to important information, including items contained in the appendix. It uses appropriate citing and notation.
Executive Summary
10
8
Summarizes the content from the entire document with quantifiable highlights, such as overall project cost and schedule performance, estimate to completion, and makes the pitch to project stakeholders to continue the project. This is where you have to act as a project manager and a business person.
Schedule 1
10
8
Demonstrates proper use of Microsoft Project and ability to correctly incorporate the provided data and establish a schedule with established baseline and review date at the planned 40% completion date
Performance Analysis
30
25
Utilizes earned value data to analyze and provide proper interpretation of the project cost and schedule performance to date. It includes analysis of poorly performing tasks, critical path, and total project performance using earned value indicators such as PV, EV, AC, CV, SV, CPI, and SPI.
EAC
15
13
Includes a forward-looking estimate of the project completion date and the final project costs based on the performance analysis
Cost and Schedule Control Plan
20
17
Proposes appropriate corrective action(s) that should be taken at this point to put the project back on track based on the performance analysis
Revised EAC
15
13
Includes the corrective actions from the control plan, along with the resulting cost impact and schedule impact; uses a cost versus benefit approach
Schedule 2
10
8
Includes a revised MSP Gantt chart schedule (required) that reflects the impact of your corrective actions
Total
120
100
A quality paper will meet or exceed all of the above requirements.
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