640

Due Date: Sunday by 11:59pm

Total Points: 100

Overview: For this assignment, you will use the document you submitted as Assignment MODULE 2 to complete this assignment. By this, I mean that you should integrate the components of this assignment into that document, and then submit the updated document as Assignment Module 4. If you are unclear on this point, please post your question into the 'Ask the Professor' thread.

Instructions: Now, here are the instructions:

1. Update any previous work based on the feedback that I gave you as part of Assignment MODULE 2. Failure to do so can result in loss of credit.

2. Create a cost baseline statement and insert into document. 3. Perform a reserve analysis, using either EMV, PERT, or both, to determine how much to

request for a reserve fund (show work in appendix of document) (For those who choose to do an EMV, you will need to do a brief risk analysis of your chosen project). It is imperative that you provide a basis for your reserve estimate.

4. Create a statement of how much reserve you will be requesting, summarize how you determined the amount you requested, and provide a brief explanation for how these funds will be used and who can authorize the use of them

5. Using the estimates from your MS Project file and your reserves analysis, create a funding request for your project. This should be a statement that identifies the total amount needed, but differentiates between the costs associated with the project and the reserves request

6. Based on your project schedule in the MS Project file, create a funding schedule. You can do this by date or milestone. You could choose to use the following simple table headers: column 1 -- Date or milestone; column 2 -- amount; column 3 -- aggregate amount

7. Be sure to update any previous sections of your document based on the information you developed this week. For instance, your summary budget will most likely need to be updated to account for the PM processes, if you did not account for that previously

PMG640 – Project Scheduling and Cost Planning

Unit 4 Assignment: MS Project #3

Requirements:

• Use MS Project to complete your assignment.

• Save your files using the following filename convention:

o MSProject3 – FirstName_LastName

Be sure to read the criteria, by which your paper/project will be evaluated, before you write, and again after you write.

Evaluation Rubric for Unit 4: MS Project #3 Assignment

CRITERIA Deficient

Needs

Improvement Proficient

Exemplary

0 – 15 Points 16 – 19 Points 20 – 24 Points 25 Points

EMV Reserve justifications have no basis based on estimations but some justifications provided.

Justifications for

reserve fund are

based on clear

estimations using

EMV calculations and

or PERT. Some of the

estimations

incomplete and

justifications are

partially complete.

Justifications for

reserve fund are

based on clear

estimations using

EMV calculations

and or PERT.

Some of the

estimations are

complete and

matches the

justifications.

Justifications for reserve fund are based on clear estimations using EMV calculations and or PERT. The estimations are complete and matches the justifications.

Milestones All activities are Sequenced using the predecessors’ column without a closed network diagram. At least 1-2 of your tasks relationships must be different than Finish to Start.

All activities are Sequenced using the predecessors’ column without a closed network diagram. At least 3 of your tasks relationships must be different than Finish to Start.

All activities are Sequenced using the predecessors’ column with a closed network diagram. At least 3 of your tasks relationships must be different than Finish to Start.

All activities are Sequenced using the predecessors’ column with a closed network diagram. At least 4 of your tasks relationships must be different than Finish to Start.

Cost Baseline Cost baseline do not include at most of activity cost estimates and when added up and does not equals the cost baseline.

Cost baseline include at least 80 percent of activity cost estimates and when added up equals the cost baseline.

Cost baseline include all activity cost estimates and when added up equals the cost baseline.

Cost baseline include all activity cost estimates and when added up equals the cost baseline and contingencies.

Summary Budget Summary budget partially updated to include cost baselines estimates.

Summary budget 50 - 70 %l updated to include cost baselines estimates.

Summary budget 80 %l updated to include cost baselines estimates.

Summary budget fully updated to include cost baselines estimates.

Copyright Statement Post University’s courses contain copyrighted resources created by the University, licensed from

various third parties, or unless otherwise noted. In compliance with U.S. Copyright Law, these

resources may not be reproduced, revised, or distributed without the written permission of Post

University. Students found to be in violation of this policy are subject to civil and criminal liabilities

associated with the Federal Copyright Act and risk dismissal from the university under the Academic

Dishonesty policy. Unless otherwise noted, access to these materials is limited to the duration of

the course. Students should contact the library ([email protected]) for information on which

resources can be printed.

Due Date: Sunday by 11:59pm

Total Points: 100

Overview: For this assignment, you will use the document you submitted as Assignment MODULE 2 to complete this assignment. By this, I mean that you should integrate the components of this assignment into that document, and then submit the updated document as Assignment Module 4. If you are unclear on this point, please post your question into the 'Ask the Professor' thread.

Instructions: Now, here are the instructions:

1. Update any previous work based on the feedback that I gave you as part of Assignment MODULE 2. Failure to do so can result in loss of credit.

2. Create a cost baseline statement and insert into document. 3. Perform a reserve analysis, using either EMV, PERT, or both, to determine how much to

request for a reserve fund (show work in appendix of document) (For those who choose to do an EMV, you will need to do a brief risk analysis of your chosen project). It is imperative that you provide a basis for your reserve estimate.

4. Create a statement of how much reserve you will be requesting, summarize how you determined the amount you requested, and provide a brief explanation for how these funds will be used and who can authorize the use of them

5. Using the estimates from your MS Project file and your reserves analysis, create a funding request for your project. This should be a statement that identifies the total amount needed, but differentiates between the costs associated with the project and the reserves request

6. Based on your project schedule in the MS Project file, create a funding schedule. You can do this by date or milestone. You could choose to use the following simple table headers: column 1 -- Date or milestone; column 2 -- amount; column 3 -- aggregate amount

7. Be sure to update any previous sections of your document based on the information you developed this week. For instance, your summary budget will most likely need to be updated to account for the PM processes, if you did not account for that previously

PMG640 – Project Scheduling and Cost Planning

Unit 4 Assignment: MS Project #3

Requirements:

• Use MS Project to complete your assignment.

• Save your files using the following filename convention:

o MSProject3 – FirstName_LastName

Be sure to read the criteria, by which your paper/project will be evaluated, before you write, and again after you write.

Evaluation Rubric for Unit 4: MS Project #3 Assignment

CRITERIA Deficient

Needs

Improvement Proficient

Exemplary

0 – 15 Points 16 – 19 Points 20 – 24 Points 25 Points

EMV Reserve justifications have no basis based on estimations but some justifications provided.

Justifications for

reserve fund are

based on clear

estimations using

EMV calculations and

or PERT. Some of the

estimations

incomplete and

justifications are

partially complete.

Justifications for

reserve fund are

based on clear

estimations using

EMV calculations

and or PERT.

Some of the

estimations are

complete and

matches the

justifications.

Justifications for reserve fund are based on clear estimations using EMV calculations and or PERT. The estimations are complete and matches the justifications.

Milestones All activities are Sequenced using the predecessors’ column without a closed network diagram. At least 1-2 of your tasks relationships must be different than Finish to Start.

All activities are Sequenced using the predecessors’ column without a closed network diagram. At least 3 of your tasks relationships must be different than Finish to Start.

All activities are Sequenced using the predecessors’ column with a closed network diagram. At least 3 of your tasks relationships must be different than Finish to Start.

All activities are Sequenced using the predecessors’ column with a closed network diagram. At least 4 of your tasks relationships must be different than Finish to Start.

Cost Baseline Cost baseline do not include at most of activity cost estimates and when added up and does not equals the cost baseline.

Cost baseline include at least 80 percent of activity cost estimates and when added up equals the cost baseline.

Cost baseline include all activity cost estimates and when added up equals the cost baseline.

Cost baseline include all activity cost estimates and when added up equals the cost baseline and contingencies.

Summary Budget Summary budget partially updated to include cost baselines estimates.

Summary budget 50 - 70 %l updated to include cost baselines estimates.

Summary budget 80 %l updated to include cost baselines estimates.

Summary budget fully updated to include cost baselines estimates.

Copyright Statement Post University’s courses contain copyrighted resources created by the University, licensed from

various third parties, or unless otherwise noted. In compliance with U.S. Copyright Law, these

resources may not be reproduced, revised, or distributed without the written permission of Post

University. Students found to be in violation of this policy are subject to civil and criminal liabilities

associated with the Federal Copyright Act and risk dismissal from the university under the Academic

Dishonesty policy. Unless otherwise noted, access to these materials is limited to the duration of

the course. Students should contact the library ([email protected]) for information on which

resources can be printed.