Week Two - Post-Graduation Adventure
Post-Graduation Adventure
Felicia Williams
CPMGT/305
December 12, 2016
Gary Denney
This study source was downloaded by 100000764187025 from CourseHero.com on 03-31-2021 18:57:26 GMT -05:00
https://www.coursehero.com/file/22067059/Post-Graduation-Adventure-Week-2/
Th is
stu dy
re so
ur ce
w as
sh ar
ed v
ia C
ou rs
eH er
o. co
m
POST GRADUATION ADVENTURE 2
Post-Graduation Adventure Planning a trip abroad to South Africa or Vietnam could be an affordable adventure or a
costly adventure. Mike and Josh will need to develop an WBS in order to systematically plot and
plan their trip. I believe that a RM (responsibility matric) would also be a beneficial aspect of
planning and insuring that the trip will fall within their limited budget and time frame. There may
not be a best methodology that works for all business plans; there are ways to determine which
methodology to use and how to effectively apply it. M. Alexandra (2015).
1. Assume you are either Mike or Josh; how would you go about making a decision using
project management methodology?
There could be a multitude of benefits from using project management methodology in
the decision and planning phases of making this trip a doable adventure, with so many
different approaches of managing complexities of any given program.
Selecting the best methodology should be based on the needs of the project and the
project management team, this can be a struggling venture. In the process of selecting the
most appropriate one, there are a few dozen factors that need to be considered. Each project
management carries its own strengths and weaknesses.
Realistically, there is really no one good or bad methodology to select from. There is
generally a suitable path that should be followed that will fit the project management
requirements for the project that is being planned. Selecting the proper methodology for
planning this trip would be to develop a set document of SOP that will identify and define the
scope of this project. It will also identify the timeline, schedule and brake down the cost
associated with this adventure.
This study source was downloaded by 100000764187025 from CourseHero.com on 03-31-2021 18:57:26 GMT -05:00
https://www.coursehero.com/file/22067059/Post-Graduation-Adventure-Week-2/
Th is
stu dy
re so
ur ce
w as
sh ar
ed v
ia C
ou rs
eH er
o. co
m
POST GRADUATION ADVENTURE 3
It will be important that Mike and Josh stay connected throughout the planning phase
since this is such a fast trip. Communication and budgetary issues need to take precedence
for everything to fall into plan and make this adventure a pleasurable success.
2. Looking first at only cost, what decision would you make?
The budget needs to be put together in order to verify that the funds available are going to be
enough to make the trip a reality. Because Mike and Josh have $3,500 each to spend on the trip, a
cost brake down of expenses needs to be put together. Airfare is more than likely going to be the
most expensive item of the trip. The cost of air fare is going to depend on their ability to pre-plan
far enough in advance to attain air fare at a reasonable rate.
Between Mike and Josh, they have a total $7,000 as a base for their budget. The first thing
that they need to decide is whether it is cheaper to fly to Vietnam or to South Africa, and which
one fits within the budgeted cost allotted for airfare. Mike and josh will need to develop a cost
list, which would include costs associated to their trip.
• Airfare
• Lodging
• Food
• Miscellaneous goods
After some research airfare to South Africa for a round trip ticket is going to be right at $800
for each of them. The airfare to Vietnam is only about a $100 cheaper per person, remembering
that the purchase has to be made well in advance to take advantage of any type of savings. The
limited cost difference is not a deal breaker, making either destination feasible for their trip. The
budget breakdown would start off looking like this. ($3,500x2 $7,000) adding airfare for the
round trip to South Africa per person would equal to ($800.00x2 1600), ($7,000 -$1600 $5,400).
This study source was downloaded by 100000764187025 from CourseHero.com on 03-31-2021 18:57:26 GMT -05:00
https://www.coursehero.com/file/22067059/Post-Graduation-Adventure-Week-2/
Th is
stu dy
re so
ur ce
w as
sh ar
ed v
ia C
ou rs
eH er
o. co
m
POST GRADUATION ADVENTURE 4
Another consideration that has to be factored in is how they intend to spend their time
abroad. They have 14 days that they can be gone assuming that travel will consume four of those
days, they are left with 10 days that they need to factor lodging and food for. By breaking down
individual budgets, ($5,400/2 $2700) Mike and Josh would each have $2,700 to spend on
lodging and food $2,700/14 192.85) and by splitting the cost for their daily adventures and food
and lodging (193x2 386) Mike and Josh would have $386 allotted for daily expenses.
3. After cost, what other factors should be considered before making a decision?
One of the biggest items that need to be factored in is how and what Mike and Josh are going
to do on their adventure. Planning for activities that are free would help them on a budgetary
level. Hiking adventure that constitutes camping out would also save them money. Traveling
from point A to point B will be an added cost that needs to be considered.
To make a decision Mike and Josh are going to have to come to agreement on each of their
desired goals and what each of them want to take away from such an exotic adventure to make it
a success. This is going to have to take into account the many different variables and unexpected
costs along the way. By implementing project management methodology, they could build a
WBS that plots out destinations and time frames of travel and time spent at any one specific
location.
Developing a timeline for their travels should keep them on time and on task so that they
arrive at their final departure with time to spare. They would also need to develop some type of
contingency plan to fall back onto in the event that something outside of the plan occurs. This
could constitute as a modification to travel destinations or shortening up stays at specific
destination or even by passing a location in order to stay within the scope of their time allotment
in reaching their final destination.
This study source was downloaded by 100000764187025 from CourseHero.com on 03-31-2021 18:57:26 GMT -05:00
https://www.coursehero.com/file/22067059/Post-Graduation-Adventure-Week-2/
Th is
stu dy
re so
ur ce
w as
sh ar
ed v
ia C
ou rs
eH er
o. co
m
POST GRADUATION ADVENTURE 5
The budget is fairly tight for a trip of this nature. Mike and Josh are going to have to come to
an agreement that it is going to take a high level of strategic planning to make either destination
work within their budgetary limits and time frame. I think that I would default to an adventure
that require hiking and camping out verses staying in towns and hotels. It would be my
recommendation to only stay in a hotel twice during this adventure. This would be a large cost
savings and would make for a more memorable experience.
This study source was downloaded by 100000764187025 from CourseHero.com on 03-31-2021 18:57:26 GMT -05:00
https://www.coursehero.com/file/22067059/Post-Graduation-Adventure-Week-2/
Th is
stu dy
re so
ur ce
w as
sh ar
ed v
ia C
ou rs
eH er
o. co
m
POST GRADUATION ADVENTURE 6
Reference
Alexandra, M. (2015), How to pick a project management methodology. Retrieved from
www.cio.com/article /2950579/project-management.
This study source was downloaded by 100000764187025 from CourseHero.com on 03-31-2021 18:57:26 GMT -05:00
https://www.coursehero.com/file/22067059/Post-Graduation-Adventure-Week-2/
Th is
stu dy
re so
ur ce
w as
sh ar
ed v
ia C
ou rs
eH er
o. co
m
Powered by TCPDF (www.tcpdf.org)