Devry MGMT404 2019 MAY WEEK 5 COURSE PROJECT DELIVERABLE RESOURCE ALLOCATION AND PRELIMINARY BUDGET Latest Question # 00601916 Subject: Education Due on: 06/03/2019 Posted On: 06/03/2019 06:09 AM Tutorials: 1 Rating: 4.5/5
MGMT404 Project Management
WEEK 5: COURSE PROJECT
DELIVERABLE: RESOURCE ALLOCATION AND PRELIMINARY BUDGET
DELIVERABLES:
Resource Allocation: MS project file (.mpp) updated
with resource assignments and cost
Preliminary Budget: MS Word file with a report of
project budget and resource management
For additional instructions and guidelines, refer to
the Course Project Overview page, located under Introduction and Resources.
Part 1: Project Budget (Cost Management)
Explain your approach to estimating the project cost
(e.g., top down, bottom up, etc.) and why that method was chosen.
Create a table that shows the original budgeted cost
(from the charter) and the actual budgeted cost (side by side). Include line
items for labor, materials, contract, equipment, travel cost, and so on.
Compare the budget from the charter to the final
budget, and explain any variances that occurred from your original budgeted
cost in the project charter and the current project cost. (Include your
original estimated cost for the project.)
Explain your budget contingency plan and how much is
budgeted for contingency.
Part 2: Resource Management
Explain the results of your resource assignments. Did
you assign enough people to the project? Were there any resources
overallocated? What approach will you take to fix any allocation problems?
Develop a plan to manage your project team, and define
how you will motivate your team and how you will handle team conflicts.
What structure would you select for your project:
functional, weak matrix, balanced matrix, strong matrix, or pure project? Why?
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