MGMT 404 WEEK 6 COURSE PROJECT Course Project This week, you will create your Project Schedule with budgeted costs and submit it to the Dropbox. See the Course Project content item under Course Home for details. Groups: Remember to submit your team Statement of Participation (SoP) updates for this week to the Dropbox. You will submit your schedule to the Week 6 Course Project Dropbox located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions or watch this Tutorial Dropbox Tutorial. See the Syllabus section “Due Dates for Assignments & Exams” for due date information. Week 6 Due Week 6: Project Schedule and Budget A project plan cannot be considered complete until the resources have been assigned (including budget and cost estimate). This week, you will assign the resources required to work on your project to your scheduled tasks. In addition, you will add the cost of the resources per hour and any direct or indirect cost required for project contracts, materials, or supplies. You will submit a two-part summary report (business professional format) of your project budget and resources, which includes the following: Part 1: Project Budget (Cost Management) 1. Explain your approach to estimating the project cost (e.g., top down, bottom up, etc.) and why that method was chosen. 2. 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. 3. 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). 4. Explain your budget contingency plan and how much is budgeted for contingency. Part 2: Resource Management 1. Explain the results of your resource assignments. Did you assign enough people to the project? Were there any resources over-allocated? What approach will you take to fix any allocation problems? 2. Develop a plan to manage your project team and define how you will motivate your team and how you will handle team conflicts. 3. What structure would you select for your project: functional, weak matrix, balanced matrix, strong matrix, or pure project? Why? Deliverables for Week 6: 1. MS project file (.mpp) updated with resource assignments and cost 2. MS Word file with report of project budget and resource management 3. Statement of Participation and status update Objectives The objective of the Course Project is to give you an opportunity to practice the skills learned in class regarding the planning methodologies of a project. These skills are directly applicable toward your senior project. Guidelines For this project, you may choose one that is of interest to you, or you may choose to begin planning for your senior project. When selecting a project, avoid picking one that is either too big or too small. For example, do not decide to build a new stadium for your local sports team (too big) or to plant your summer garden (too small). Here are some successful past project ideas. â€¢ The opening of a coffee shop â€¢ A charity event for a local social service agency â€¢ A meditation pool and platform in the center of town â€¢ A redevelopment of a local playground â€¢ Design and installation of a computer network for a small business â€¢ Software development project A project to build a house or create a website is NOT acceptable. You are not limited to the list of projects above. Please refer all questions concerning what is acceptable as a class project to your instructor. Milestones Milestones: â€¢ Due Week 1: Project Outline Proposal/Approval â€¢ Due Week 2: Project Charter â€¢ Due Week 3: Scope Statement â€¢ Due Week 4: Work Breakdown Structure/Gantt Chart â€¢ Due Week
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