Project Estimating and Budgeting BUS 419

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PROJECT MANAGEMENT PROCESS 2 Project Management Process – Initiation Project managers are responsible for overseeing projects to ensure they are accomplished on time and on budget. A project manager needs to understand the project so they can define the project to everyone involved in the project to ensure everyone knows what is expected of them. The goal of this paper is to look at a home improvement project and define the scope of the project and explain which phase of the project will be the most difficult. Scope The project in question is a home improvement project made up of small projects that the spouse has requested be done.

Project Estimating and Budgeting BUS 419

The work will be completed from the list of items the wife wants done and the husband will perform most of the labor involved in the completion of the overall project. The overall list consists of many tasks to include painting multiple rooms, replacing flooring in multiple rooms, mounting TV’s to different walls, putting up curtains, replacing ceiling fans and staining multiple wooden surfaces for work inside the house.

Project Estimating and Budgeting BUS 419

Assignment 3: Project Performance
Due Week 6 and worth 230 points
Build on the project from Assignment 2.  This assignment consists of two (2) sections:
·    MS Project Exercise
·    Project Performance paper
You must submit both sections as separate files for the completion of this assignment. Label each file name according to the section of the assignment for which it is written. Additionally, you may create and / or assume all necessary assumptions needed for the completion of this assignment.
Project Estimating and Budgeting BUS 419

Section 1: MS Project Exercise
Update the project schedule in MS Project to account for the following changes:
1. Develop a network schedule for your project using either the arrow diagramming method or the precedence method. Also, your project schedule should illustrate float/slack for each activity.
Section 2: Project Performance Paper

Project Estimating and Budgeting BUS 419

Write a six to eight (6-8) page paper in which you:
2. Summarize your project. Note: Your summary should include, but not be limited to, the project’s key objectives, projected costs and resources, and high-level timeline.
3. Create a responsibility assignment matrix (RAM) for your project, and justify your response.
4. Outline the network schedule for your project. Include a narrative description of your network schedule.
5. Analyze the critical path of your project, and discuss the total float in the project. Next, suggest the primary measures that you would use in order to manage the critical path and reduce the float in the project.
6. Identify and discuss at least one (1) best practice from the PMBOK textbook for each process group that you would apply in order to manage the project schedule. Justify your response.
Your assignment must follow these formatting guidelines:

Project Estimating and Budgeting BUS 419

·    Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
·    Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.
The specific course learning outcomes associated with this assignment are:
·    Analyze project management processes for scheduling and sequencing work components.
·    Analyze quality assurance processes in project management.
·    Use technology and information resources to research issues in project estimating and budgeting.
·    Write clearly and concisely about project estimating and budgeting using proper writing mechanics

Project Estimating and Budgeting BUS 419