Fluent Essays

Submit sections IV and V of the project management plan using the template provided. This work will cover the critical elements risk and budget. This initial submission of the remaining project management plan sections will give you an opportunity to receive feedback before the final composite plan is submitted. Go over the activity you completed in Module Three to help you with this milestone. For additional details, please refer to the Milestone Two Guidelines and Rubric document and the Final Project Part I document.QSO 355 Final Project Part I Guidelines and Rubric Overview The final project for this course is divided into two parts. The first part is the creation of an Initial Schedule and Budget Report. Project managers play an important role in helping to complete successful projects. Often, they are responsible for tasks such as defining the project goal(s), identifying the tasks necessary to achieve the goal, evaluating project resources, and determining budgets and schedules. Project managers must then keep projects on time, on budget, and within scope and problem solve when this does not happen. This course focuses on resource estimating and scheduling. In the first part of this project, you will analyze the case study, A&D High Tech (A): Managing Projects for Success (located in the Harvard Business Review area of the course), which includes a scenario along with a work breakdown structure and other pertinent project requirements. You will write a report assessing the company’s resources and then develop a high-level budget and schedule for the project discussed in the case study. Note: The case studies for this project regularly reference the use of MS Project. While MS Project is a software tool that is often used for project management, the focus of this course is to understand the process, not this particular tool. As such, you will not be using MS Project to complete the milestones and your final project. Suggested templates needed to complete the critical elements of the final project are listed in the Project Management Plan Template. The following templates are provided for you in order to complete the final project:  Project Management Plan Template: This template will be used throughout the final project. This template will guide you step-by-step from Milestone One through your final submission. All other templates can be accessed through this main template.  Stakeholder Register Template: You will use this template in Milestone One to identify the role of each stakeholder in your project.  WBS Dictionary Template: You will use this template in Milestone One to describe the tasks and sub-tasks that will fulfill each of the project deliverables.  WBS Resource Alignment Template: You will use this template in Milestone One to align resources to each of the sub-tasks you described. Justify your reasoning for your alignment decisions.  Risk Register Template: You will use this template in Milestone Two to identify likely sources of risk for the project. Make sure to consider the project scope, budget, and time. http://snhu-media.snhu.edu/files/course_repository/undergraduate/qso/qso355/qso355_project_management_plan_template.docx http://snhu-media.snhu.edu/files/course_repository/undergraduate/qso/qso355/qso355_stakeholder_register_template.xlsx http://snhu-media.snhu.edu/files/course_repository/undergraduate/qso/qso355/qso355_wbs_dictionary_template.xlsx http://snhu-media.snhQSO 355 Milestone Two Guidelines and Rubric Submit sections IV and V of the Project Management Plan using the template provided. This work will cover the critical elements risk and budget. Go over the activity in Module Three to help you with this milestone. Note: The case studies for this project regularly reference the use of MS Project. While MS Project is a software tool that is often used for project management, the focus of this course is to understand the process, not this particular tool. As such, you will not be using MS Project to submit case study assignments. Suggested templates needed to complete the critical elements of the final project are listed in the Project Management Plan Template. Specifically, the following critical elements must be addressed: IV. Risk A. Sources: Identify likely sources of risk for the project. Make sure to consider the project scope, budget, and time. B. Strategies: Determine risk mitigation strategies for the areas you identified. What strategies could you recommend to minimize the impact of the risks you identified? V. Budget: Develop an initial high-level budget based on the individual costs of the project deliverables. In other words, ensure the costs identified in your budget align with the deliverables. Guidelines for Submission: This milestone will be submitted using the Project Management Plan Template along with additional required templates and spreadsheets. Any outside references should be cited in APA format, but are not required. Critical Elements Proficient (100\%) Needs Improvement (75\%) Not Evident (0\%) Value Risk: Sources Accurately identifies sources of risk for project with respect to project scope, budget, and time Identifies sources of risk for project but with gaps in accuracy or without considering scope, budget, or time Does not identify sources of risk for project 30 Risk: Strategies Determines appropriate risk mitigation strategies to minimize impact of risk Determines risk mitigation strategies but strategies are not appropriate or do not minimize impact of risk Does not determine risk mitigation strategies 30 Budget Develops initial, high-level budget accurately based on costs of project deliverables and ensures costs are aligned to deliverables Develops initial, high-level budget but budget is not based on costs of project deliverables; does not ensure costs are aligned to deliverables, or is inaccurate Does not develop initial, high-level budget 30 http://snhu-media.snhu.edu/files/course_repository/undergraduate/qso/qso355/qso355_project_management_plan_template.docx Articulation of Response Submission has no major errors related to citations, grammar, spelling, or syntax Submission has major errors related to citations, grammar, spelling, or syntax that negatively impact readability and articulation of main ideas Submission has critical errors related to citations, grammar, BOTTOM-UP COST ESTIMATING WORKSHEET Project Title: Date Prepared: WBS ID Labor Hours Labor Rates Total Labor Material Supplies Equipment Travel Other Direct Costs Indirect Costs Reserve EstimateRISK CAPTURING TEMPLATE Demo - https://www.youtube.com/watch?v=Hw6cA665R5Q&feature=em-share_video_user Task 3-2 Risk Register RISK NO. RISK DESCRIPTION (Event, Causes, Impacts) COMMENT ON RISK (Trends, Background, etc.) DATE RISK LAST ASSESSED- (MM/DD/YYYY) CONSEQUENCE (SEVERITY) SCORE (1–5) LIKELIHOOD SCORE (1–5) NUMERIC RISK VALUE- (E X, F) CHANGE IN RISK (Improving, No Change, Getting Worse) RISK OWNER (Job Title) RISK STRATEGY (Avoid, Reduce, Transfer, Do Nothing) &F Page &P of &N &F Page &P of &N Demo - https://www.youtube.com/watch?v=Hw6cA665R5Q&feature=em-share_video_user Demo - https://www.youtube.com/watch?v=Hw6cA665R5Q&feature=em-share_video_userProject Management Plan Template This template will take you through the required deliverables for the Final Project Part I. Please note that each section should be completed in the order of appearance as noted by in the Final Project Part I and Part II guidelines. Additional templates have been provided as needed for certain sections. INSERT A TITLE PAGE HERE Table of Contents Introduction I. Project Overview A. Roles and Responsibilities B. Scope and Schedule II. Tasks A. Description B. Time C. Dependencies III. Resources A. Alignment B. Evaluation IV. Risk A. Sources B. Strategies V. Budget VI. Schedule Note: For Milestone One, complete the following sections of this form and the associated templates as instructed: Introduction, I. Project Overview, II. Tasks, and III. Resources. Introduction Provide an introduction to the project plan. The introduction should include a sentence or two about all of the major aspects of the project. (The below categories for an introduction were taken from an open-source document provided through Project Management Institute (PMI), ensuring real-world applicability.) Write a sentence or two on each of the following topics. Purpose: State the purpose of the project plan. Indicate in a short statement that the plan will provide a definition of the project, including the business goals and objectives. In addition, state that the plan is a contract between the project manager, executive sponsor, project team, and other management of the enterprise associated with and/or affected by the project. To be clear, the purpose of the plan is to guide the project work, which is separate from the actual goal of the project. Purpose of Project Plan: Background Background Information: Describe the project history. Include information such as previous initiatives, business environment changes (may be related to competition, regulation, resource availability), and the impetus and rationale for the project. Describe, in essence, how the project came about. Background Information: Pro Project Approach: Explain how the various behavioral and team management techniques, methodology, and task structure will be utilized most effectively to meet the requirements and objectives of the project. Project Approach: Project Overview Introduce the project overview section. Only a couple of sentences are needed. This section should also indicate the below upcoming subtopics. Project Overview: A. Roles and Responsibilities Identify the project leader and all of the other stakeholders involved in the project. What are the responsibilities of the stakeholders involved? In industry practice it is extremely common to use a stakeholder register to capture this information. A Stakeholder Register Template has been developed to use for this section. You are free to use other templates, tools, or formats to convey the requirements outlined within the Final Project Part I Document as long as you sat