Cost Management Plan Assignment Help

Cost Management Plan Assignment Help

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Cost Management Plan Assignment Help

Assignment Objective 

This assignment is directly linked to the following key learning outcomes from the course syllabus:

• Design a cost management plan outlining how the schedule and cost would be defined, estimated, validated and controlled throughout a project.
• Critique the various estimation methods (analogous, parametric, bottom-up and three-point estimating; as well as reserve analysis and cost of quality estimation)

In addition to these key learning outcomes, you will also have the opportunity to evidence the following skills through completing this assignment:

• Critical thinking and analysis
• Technical Competency
• Problem solving

Instructions

• Part 1 of this Assignment (Assignment 1C) is due Week 1

1. 1. 1. Use the attached Cost Management Plan template for the Part 1 and Part 2 assignments.
      2. Select a Project that you have had experience.  If you have no project experience then select a project that you have an interest in.
      3. The project should contain approximately 7 to 12 deliverables (Level 1 through level 3 deliverables).
      4. The project criteria includes:
         1. Project duration must be at least 6 months
         2. Project costs must be at least $100,000.
         3. There must be sufficient activities so that resources can be assigned and the cost for the resource can be estimated.
         4. The activities need to have a long enough duration so that there will be an need for your team to provide progress reports that will be used to monitor and control costs as the project proceeds through implementation.
      5. Complete only the Scope Sections 1.1 through 1.1.3 in the Cost Management Template.  See PMBOK section 5.3.3 for guidance on a Project Scope statement and Week 1 Lecture on the PMBOK overview.
      6. This is not a gradable assignment.  I will review your project scope and provide feedback.  Please be sure to check Turnitin for comments and improvements if required.

• Part 2 of this Assignment (Assignment 4B) is due Week 5

1. 1. You will be creating a 3-5 page cost management plan related to the project that you selected.
   2. As you proceed through the course (weeks 2 through 4) expand your project WBS deliverables and identify activities and your estimates for duration, resources and cost of the resources.
   3. You should use MS Project as the tool to assist you in developing your schedule and cost estimates.
   4. MS Project Plan. You will also be required to submit the MS Project Plan as supporting data for your Cost Management plan.  The Baseline Cost in the MS Project Plan should align with the Cost Management Plan.  There is no need to add progress as your project is still in the planning phase.
   5. Complete Sections 1 through 1.4 of the Cost Management Plan.  Be sure to update sections 1.1.1, 1.1.2 and 1.1.3 based on my comments from Assignment 1C.
   6. Avoid the use of ‘I’ or ‘We’ instead use ‘Project Team or The plan is’.
   7. Remember that the purpose of the plan is to provide guidelines to your team as well as inform management.  The plan should describe the ‘what’ and the ‘how’.

Format

Use the attached Cost Management Plan template for this assignment.

Please be sure to review the attached rubric. It along with these assignment instructions and guidance provided in the Cost Management Plan template will ensure you have a solid understanding of the assignment requirements. Cost Management Plan Assignment Help

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