Project schedule 4
tne1981
Chapman_Kelly_MPM434_IP4.doc.docxRunning head: [Shortened Title up to 50 Characters] 1
[Shortened Title up to 50 Characters] 8
Project Outline
Kitchen Cabinet Remodel
Kelly Chapman
Contents Project Outline 3 [Heading 1] 3 [Heading 2] 3 [Heading 3]. 3 References 5 Footnotes 6 Tables 7 Figures title: 8
Project OutlineThe project I chose to do is a kitchen cabinet and pantry remodel. The entire cabinets and shelves will be ripped out and replaced. We will be adding more storage and space, countertops will be Granite, and we will be adding an island that has cabinets and shelfs for extra storage. The pantry will be the old laundry room that is connected to the kitchen. The pantry will have top to bottom shelfs with a pull out spice rack.
Cost, Schedule, and Technical Performance
In determining initial estimates and controlling them throughout the project, one will need a cost management plan. The cost management plan describes how the project’s cost will be planned, structure and controlled.
The cost management plan can establish the following: staff hours, cost estimates, level of accuracy, controlled thresholds.
Key influencers that can impact a schedule are employees, not showing up or not doing the job correctly or getting the project done ahead of schedule, budget and funds, nothing can shut down a project quicker then not have enough funds and being over budget, and material out of stock or on beck order. To make sure there are enough funds, knowing the budget and how much is allotted for each step of the project well let one know where they need to be at.
Management of Small Project
Management of small project Initiating If you do not formally authorize a project, you do not have a project. In this process group, this is where we will define the scope of the remodel. We will ensure that everyone is on the same page, and that the team understands what is expected during the project. Also we will reasonably predict all project work that can be reported. We will get the remodel project formally authorized by the sponsor, and we will identify the stakeholders in this process. Planning Moving from the initiating process, where we established the total scope of the project, to the planning process where we will have more detailed planning process and project documents are developed at a much more detailed level. So not only are we planning on how the remodel will go, we will also think about what can go wrong and how we can take care of that. In this process a project management plan will be created. Executing This is of course the next step in the process, after planning we execute that plan. Having a project management plan helps keep everyone on track. This is the process where the project team starts doing the work. In the executing process, this is where most of our budget will be spent, and deliverables of our project will be produced. Monitoring and Controlling We must not just execute our plan, that is not enough, we must make sure our project stays on track. Monitoring and controlling, unlike the other processes, happens throughout our project. No matter how much planning one dose for the project and trying to prepare for possible problems and issues that might occur, there will always be a set back of some kind, it could be small or really big, but a setback will happen. Therefore, monitoring the project and controlling it form the beginning and continuing it throughout the project is very important. Time is not the only thing we are monitoring, budget is a must to monitor and control. Closing This is the process where you will formally close the project; where most of the time this is skipped over, it is just as important to hold a last meeting of the project, go over different areas of the project where improvement could be made, and also highlight some of the areas of the project that went smooth and great. The project manager should formally close the project by celebrating and releasing the team.
Acquisition Project Guidelines
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Request for Proposal
[INSERT DEPARTMENT OR AGENCY NAME HERE]
[INSERT PROJECT TITLE HERE]
Issued under: Commercial and Financial Advisory Services Panel for Infrastructure and Capital Asset Projects, and Commercial Transactions
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This Request for Proposal (“RFP”) is issued in accordance with clause 7.1 of the Open Standing Offer Agreement (“OSOA”) between your organisation and the Department of Treasury and Finance for the “Commercial and Financial Advisory Services Panel for Infrastructure and Capital Asset Projects, and Commercial Transactions”.
You are requested to submit a Quote in accordance with this Request and with the terms and conditions of the OSOA for the supply of professional services described in this Request.
The Quote is required to address all requirements outlined in the attached Project Brief.
Form of Quote
(To be submitted by Service Provider with its Quote)
I/We offer to supply the Services specified in the Quote and Request for Proposal; at the fees and charges offered; within the period offered; and in accordance with the terms and conditions in our Open Standing Offer Agreement executed with the Department of Treasury and Finance for the ‘Commercial and Financial Advisory Services Panel for Infrastructure and Capital Asset Projects, and Commercial Transactions’.
Service Provider’s Name...................………………............……………………... ABN....……….................……………………………………………………......…… Address.........................................................................................……….…….. .........................................................................P/Code................……………….
Telephone:……………………….. Facsimile:………………………………………….. Email:…………………………………………………………………………………..
Name of Service Provider’s Authorised Agent: ……………………………………………………..
…………………………………………………….. Title of Authorised Agent:
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Signature...........................................................
Dated this.........................................20......……
References
Last Name, F. M. (Year). Article Title. Journal Title, Pages From - To.
Last Name, F. M. (Year). Book Title. City Name: Publisher Name.
Footnotes
1[Add footnotes, if any, on their own page following references. For APA formatting requirements, it’s easy to just type your own footnote references and notes. To format a footnote reference, select the number and then, on the Home tab, in the Styles gallery, click Footnote Reference. The body of a footnote, such as this example, uses the Normal text style. (Note: If you delete this sample footnote, don’t forget to delete its in-text reference as well. That’s at the end of the sample Heading 2 paragraph on the first page of body content in this template.)]
Table 1
[Table Title]
| Column Head | Column Head | Column Head | Column Head | Column Head |
| Row Head | 123 | 123 | 123 | 123 |
| Row Head | 456 | 456 | 456 | 456 |
| Row Head | 789 | 789 | 789 | 789 |
| Row Head | 123 | 123 | 123 | 123 |
| Row Head | 456 | 456 | 456 | 456 |
| Row Head | 789 | 789 | 789 | 789 |
Note: [Place all tables for your paper in a tables section, following references (and, if applicable, footnotes). Start a new page for each table, include a table number and table title for each, as shown on this page. All explanatory text appears in a table note that follows the table, such as this one. Use the Table/Figure style, available on the Home tab, in the Styles gallery, to get the spacing between table and note. Tables in APA format can use single or 1.5 line spacing. Include a heading for every row and column, even if the content seems obvious. A default table style has been setup for this template that fits APA guidelines. To insert a table, on the Insert tab, click Table.]
Figures title:
Figure 1. [Include all figures in their own section, following references (and footnotes and tables, if applicable). Include a numbered caption for each figure. Use the Table/Figure style for easy spacing between figure and caption.]
For more information about all elements of APA formatting, please consult the APA Style Manual, 6th Edition.
Cost Methods and Tools
The challenge with estimating is that it always involves uncertainty. There are some tools and methods that can help with the estimating process. The two Methods that I have chosen for this project is expert judgment and analogous estimating.
Expert judgment uses the experience and knowledge of experts to estimate the cost of the project. This technique can take into account unique factors specific to the project.
Analogous estimating uses historical data from similar projects as a basis for the cost estimate. This type of estimate is usually used in the early phases of a project.
An example of expert judgment would be getting a quote and some cost estimates from a contractor. An example of Analogous would be finding an average price that others had paid for their kitchen remodel and use that as a rough estimate.
With any project one will need a contingency budget. I will use reserve analysis. Reserve analysis is used to determine how much contingency reserve, if any, should be allocated to the project. This funding is used to account for cost uncertainty.
Earned Value Management System
Earned value management is a project management technique for measuring project performance and progress in an objective manner. Controlling a project is key to the success or failure of the project. Earned value management is a well-known technique to control the time and cost performance of a project. The basic principle of earned value management is that the value of the pice of work is equal to the amount of funds budgeted to complete it formulas to compute earned value analysis.
Schedule Variance: SV=EV-PV
Cost Variance: CV=EV-AC
Behind Schedule and Over Budget
Schedule Variance: 40,000 – 50,000 = -10,000
Ahead of schedule and on Budget
Schedule Variance: 60,000 – 50,000 = 10,000
Cost Variance: 60,000 – 60,000 = 0
Behind Schedule and on Budget
Schedule Variance: 40,000 – 50,000 = -10,000
Cost Variance: 40,000 – 40,000 = 0
Ahead of Schedule and Under Budget:
Schedule Variance: 60,000-50,000=10,000
Cost Variance: 60,000-40,000=20,000
Overall Cost And Schedule Performance
The basic premise of earned value of a piece of work is equal to the amount of funds budgeted to complete it. I will use the following information to assess the schedule and cost performance throughout the project. Planed Value(the approved budget for the work), and actual cost( the cost actually incurred for the work).
To keep track throughout the project I will graph the planed value, earned value, and actual cost. By keeping up with daily cost and timeframes it will help me to be able to see where we went over budget or where we started to go over time.
Series 1 Category 1 Category 2 Category 3 Category 4 4.3 2.5 3.5 4.5 Series 2 Category 1 Category 2 Category 3 Category 4 2.4 4.4000000000000004 1.8 2.8 Series 3 Category 1 Category 2 Category 3 Category 4 2 2 3 5
EV day 1 day 3 day 5 today 10000 20000 30000 40000 PV day 1 day 3 day 5 today 20000 30000 40000 50000 AC day 1 day 3 day 5 today 30000 40000 50000 60000
EV Day1 Day3 Day5 Today 31000 41000 52000 60000 PV Day1 Day3 Day5 Today 20000 30000 40000 50000 AC Day1 Day3 Day5 Today 30000 40000 50000 60000
EV Day1 Day3 Day5 Today 12000 22000 32000 40000 PV Day1 Day3 Day5 Today 20000 30000 40000 50000 AC Day1 Day3 Day5 Today 10000 20000 30000 40000
EV Day1 Day2 Day 3 Day 4 30000 40000 50000 60000 PV Day1 Day2 Day 3 Day 4 20000 30000 40000 50000 AC Day1 Day2 Day 3 Day 4 10000 20000 30000 40000
