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Authentic Experience Project Components

Authentic Experience Project Components

You will do what is necessary to have the project succeed this time around. Using the Project Revive LLC Scenario

Using the original WBS:

· Break down the activities and tasks further into smaller work packages that will not exceed 80 hours of work.

· You may also add new activities and tasks that you think are needed to successfully complete the project.

· You will use Microsoft Project as the project management software tool to create the new WBS in tabular form.

YouTube has many excellent project management videos that may be helpful to review before completing this assessment.

Scenario

For this assessment

Project Revive LLC is a consulting firm of highly charged and accomplished project managers whose main stream of revenue comes from managing the turnaround of failing projects. As a consultant with Project Revive LLC, you will study, analyze, and manage a failed project from NearlyFree.com. NearlyFree.com is a fictitious company and the project documents for this project scenario are located below. The NearlyFree.com project was originally scoped to develop and deploy an automated web-based training system for new employees to reduce the workload and cut down personnel resources required to complete the new employee orientation (NEO) training.

Use the NearlyFree.com project work breakdown structure to help identify deliverables and processes that need resources. It is important to know historical information regarding what types of resources were required for similar work. You can do research using the Internet to find similar projects. You will find the project justification and objectives in the project scope statement, which is listed among the resources below.

Option A Resources (use these artifacts for completing the activities in this course):

· NearlyFree.com Organizational Background and IT Governance [DOCX].

· Project Charter [PDF].

· Project Schedule [MPP].

· Project Scope Statement [PDF].

· Quality Statement [PDF].

· Statement of Work Template [DOC].

· Task Costs [XLS].

· Work Breakdown Structure [DOC].

· Work Breakdown Structure [VSD].

Your Role

You are the project manager.

Requirements

Microsoft Project is the recommended software tool for this course due to its wide industry acceptance and its use in many project management professional roles. To make this easier, you have the ability to download and install your own version of MS Project for use in this course. See the Software Preparation and Technology Access activity for more information.

Practice using MS Project in this course will prepare you for future professional PM roles and responsibilities; please use MS Project for those tasks supported by MS Project. If you have access to other tools such as MS Visio, MS PowerPoint, MS Word, or other project management software that you believe may still meet the requirements of this course, please discuss your selected alternative with faculty.

Use the PMBOK® Guide as the model for developing the deliverables.

Part 1: Budget Analysis Report

Deliverable: Create a budget analysis report of the current failed project.

Use the MS Project functionality (or other, approved software of your choice) to:

· Display project summary information and report.

· Create project reports.

· Export project plan cost data into Excel.

· Develop an analysis report including the following:

. Analyze the current financial state using cost estimating techniques.

. Estimate costs of individual schedule activities or work packages by reviewing WBS and associated project costs.

. Identify failure points that occurred throughout the project.

Part 2: Cost Estimating Forecast Analysis

Deliverable: Create a project estimation report for the turnaround project.

At this point in the process you have been asked to report back to NearlyFree.com on your findings and recommendations with respect to project costs. Review the information you gathered and prepare a report for your client. This will be a what-if scenario or plan that you will propose to NearlyFree.com management for the project turnaround to succeed. In the report, do the following:

· Copy the original NEO project schedule baseline and create a custom table to add your changes and modifications.

· Display your proposed cost estimates and newly established cost baseline for the turnaround project, based on the Project Schedule [MPP].

As part of this report, address the following topics or questions, and where necessary, define assumptions you made:

· Total cost of ownership—what it means to the project and to the business, how it is calculated, its role in the failed project, and your estimates for the turnaround project.

· Return on investment—what it means to the project and to the business, how it is calculated, and your estimates for the turnaround project.

· Project budget—an analysis of the failed project budget, techniques used to prepare your proposed project budget, and the proposed project budget.

. Develop a new project budget with a more detailed assessment of the resources.

. Establish a total cost baseline for measuring project performance.

· Explain and justify the cost estimating techniques used.

· Estimate contingency reserves.

Applicable Microsoft Project Functions

· Create a custom table.

· Updating a project plan.

· Set a baseline.

· Save an interim project plan.

· Display project summary information and report.

· Export project plan cost data into Excel.

· Create Project "Current State" Analysis report.

Preparation

Use the software of your choice to develop the deliverables for this assessment.

This assessment has two parts and two deliverables:

1. Develop a comprehensive "current state" budget analysis report.

2. Develop a comprehensive cost estimating forecasting analysis report.

Deliverable Format

· References: There is no set number of references required for this assessment. Use scholarly or academic sources where applicable.

· Format:

. Use Microsoft Project to obtain project costs information.

. Use your choice of MS Word, MS Visio, or MS PowerPoint to develop the comprehensive analyses.

. These analyses are professional documents and should therefore follow the corresponding Academic and Professional Document Guidelines [PDF], including single-spaced paragraphs.

. Use APA style and format for references and in-text citations.

Evaluation

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies through corresponding scoring guide criteria.

· Competency 1: Apply project cost tools and techniques to ensure project success.

. Analyze cost-estimating techniques.

. Estimate costs of individual schedule activities or work packages.

. Estimate the total cost of ownership and explain how it applies to the project.

. Estimate return on investment and explain the calculation.

. Develop new project budget.

. Estimate contingency reserves.

· Competency 4: Communicate effectively in a professional manner consistent with the standards of project management.

. Explain cost-estimating techniques used


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