Paper (SP)

Overall Project Budget:

Planned Value (PV) or Budgeted Cost of Work Scheduled (BCWS)
WBS	Task Name	TBC	1	2	3	4	5	6	7	8	9	10	11	12
1.1	Task 1	500	900	400	900
1.2	Task 2	1300		300	800	700	1400
1.3	Task 3	8600			600	1800	800	800
1.4	Task 4	5700			400	400	800	1400
1.5	Task 5	2200					600	400	800	400
1.6	Task 6	600								500	1500	700	1400	800
		0
		0
		0
		0
		0
		0
Insert new rows above this one
	Total Budgeted Cost	17000	1000	700	2700	3500	3700	3400	1000	1000	1500	700	1400	800
		Cumulative Planned Value (PV)	1000	1700	4500	7200	11200	13700	14700	15400	17000	17700	19100	19900
Actual Cost and Earned Value
		Cumulative Actual Cost (AC)	700	1850	4750	6450	10700	13800	14400
		Cumulative Earned Value (EV)	90	600	2660	4040	6300	13485	15565

Budget and Risk Management

The design, functioning, and cost of the new battery are the key considerations for the potential dangers associated with this project. Transformational Technologies and CASED LLC employ risk management to ensure that the project is successfully completed. Risk management is used to identify and analyses the many elements that could have an impact on the project.

Trade-off: Depending on their capacity, batteries can store more energy or charge and discharge more quickly than other types of batteries.

Lithium-ion batteries are produced in vast quantities, and regulations governing transportation and disposal must be taken into consideration.

In terms of cost, a higher-performance electric vehicle battery will be more expensive to build and more expensive to purchase for EV owners.

When it comes to lithium-ion batteries, charging can only take place within a narrow temperature range.

There is a wide range of temperatures from 20 to 45 degrees Celsius. Lower temperature ranges result in longer charging times, whilst higher temperature ranges increase the risk of lithium dendritic plating difficulties (exploding battery).

Funding

The average cost for developing an electric vehicle is $ 1,961,000. However, we have inflated the budget by an additional $108,700 for any unforeseen occurrences that may arise during construction.

Project resource (Budget)

Phase	Time	Milestone	Estimated Cost
I	1-year	Battery Design	$750,000
II	1-year	Battery Prototype	$1.5 million
III	1-year	Prototype Testing	$500,000
IV	1-year	Refine Prototype	$500,000
Totals	4 years	Project Completion	$3,250,000

Government subsidies are expected to reduce the cost of each car to between $200,000 and $25,000, according to the country studies conducted so far. Please keep in mind that eligibility varies by country and program, with most recent initiatives focusing on grid-connected vehicles (see below). As a result, the project justifies a significant capital investment because it is expected to provide approximately 350 jobs for the local community. The advancement of infrastructure, on the other hand, is required in order to construct the reliable charging points and power outlets that can be used instantly. This equates to approximately $500,000 in funding for the project. Specifically, the cash will be used to pay for display expenditures, as well as the salaries of the electrical engineers on staff, as well as the costs of the cars utilized for demonstrations and testing.

Improved place model optimizations are popular in the industry. In order to conserve money, exhibitions would only involve a small portion of society in order to maximize participation. In Paris, members of the general public would be allowed to test out the products as part of the Autolib initiative. Only via the formation of a successful public-private partnership will it be able to provide the necessary EVs with the requisite charging infrastructure. In addition, clients require more information and additional programs in order to properly comprehend and benefit from the current EV technology trend and to do so effectively.

Project Requirements :-

The self driving cars without human intervention after location was set. Nevertheless the driver should be attentive.

ACC (Adaptive Cruise control) will control vehicle speed or stop by calculating the gap between the vechiles.

Lane-centering steering automatically nudges the car toward the other lane marking when the driver passes lane markings.

Cost Management Plan:

Detailed Risk Management Plan: 

Risk	Reason	Response	Mitigation
Weather change	Natural cause	Have to be changed to in-person driver mode	Provide any External Source with safety measures
Communication	Source of communication	Communicate with in person driving	Cars will direct to the concerned person
Approval	Availability	Client meeting for the project	Take approvals from the client before starting the project execution
Procurement	Delay in payment	Meet with engineer and client	Advance payment should be done

Reference :-

Reinhardt, R., Christodoulou, I., Gassó-Domingo, S., & García, B. A. (2019). Towards sustainable business models for electric vehicle battery second use: A critical review. Journal of environmental management, 245, 432-446.

Irfan, M., Khan, S. Z., Hassan, N., Hassan, M., Habib, M., Khan, S., & Khan, H. H. (2021). Role of project planning and project manager competencies on public sector project success. Sustainability, 13(3), 1421.