Business Finance - Management Part 3 of Assignment- project management
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IndividualAssignmentPart2.pptx
Dominique Elmadi Villeda University of the Cumberlands A02 Project Management Processes Dr. Priscilla Watts 09/29/2024
Project Overview Statement
Title of Project : Best Strategic Initiative for all Nine Critical Projects
Project Objective : Completion of all nine different types of interconnected projects in one year while which is mainly adhere to a budget $1200,000.
Scope of Project : All the nine projects must and should be delivered within 395 days and along with the 10% of the budget system (Orieno et al., 2024).
Success Criteria of Project : Project must and should be meet all their deadlines, and then along with the budget constraints and that they can be easily ensure some measurable kind of all the important benefits for an organization (Orieno et al., 2024).
Project Prioritization Process
The main methodology used in this prioritization process is all about the dot voting and the monopoly money to be easily prioritizes all the projects that is completely based on importance of stakeholder and their resource allocation.
Prioritization List
Application 7
Application 2
Application 6
Application 1
Application 5
Application 3
Application 9
Application 4
Application 8
Gantt Chart
Initial Gantt chart which mainly display all the estimated timelines for each application that is completely depends upon the initial estimates.
Updated Gantt chart which is mainly considered as after the resource allocation , and all the timelines are adjusted to be easily reflects on the new kind of an estimates (Orieno et al., 2024).
Budget Breakdown & Important Strategies to Meet 12-Month Deadline
Initial Budget : The total initial budget is all about $1,200,000 and then the more detailed kind of a cost for each application (Ekemezie et al., 2024).
Updated Budget : The updated budget which is reflects on all additional costs from a resource allocation and more total with some resource kind of costs that is to be easily calculated.
Optimization of Resources : Deploy an additional resources in order to be more expedite the completion of high priority kind of an applications (Ekemezie et al., 2024).
Overlapping of Tasks : Utilization of parallel processing where all possible in order to be reduces all the total time of the project (Ekemezie et al., 2024).
References
Ekemezie, I. O., & Digitemie, W. N. (2024). Best practices in strategic project management across multinational corporations: a global perspective on success factors and challenges. International Journal of Management & Entrepreneurship Research, 6(3), 795-805.
Orieno, O. H., Ndubuisi, N. L., Eyo-Udo, N. L., Ilojianya, V. I., & Biu, P. W. (2024). Sustainability in project management: A comprehensive review. World Journal of Advanced Research and Reviews, 21(1), 656-677
