Project Management

This document provides answers to various questions related to project management. It discusses resource allocation, critical path, cost analysis, and more. It also includes a breakdown of the project costs. Find study material and solved assignments on project management at Desklib.

Running Head: PROJECT MANAGEMENT
Project Management
Name of the Student
Name of the University

1PROJECT MANAGEMENT
Answer to 1
In order to remove resource over-allocation, some of the resources were changed in a
number of activities. After removing over-allocated resources, alternative resources were added
in the activities who will be able to do the work as the previous resource. For example, one of the
activities was found that could be done by project analyst and hence, project manager was
replaced by analyst in the activity.
In one task, one new resource was added – risk manager. This is because the allocated
resource could not be replaced by any other resource and hence, a new and necessary resource
was added.
Answer to 2
The critical path did not change as the durations of the work packages were kept intact.
Answer to 3
The following series of has the highest cost in the project.
Task Name Duration Resource Names Cost
Planning 98 days $118,080.00
Scope Planning 51 days $38,320.00
Requirements 40 days $30,320.00
Develop/finalize 16 days Senior Systems Test $10,240.00

2PROJECT MANAGEMENT
functional requirements Engineer
Develop/finalize hardware
requirements
12 days Senior Hardware Engineer $7,680.00
Develop/finalize software
requirements
10 days Senior Software Engineer $6,400.00
Develop/finalize
requirements traceability matrix
10 days Systems Test Engineer $4,400.00
Finalize project
deliverables
2 days Project Manager $1,600.00
Develop scope statement 7 days Project Manager $5,600.00
Finalize/Update WBS 4 days Project Analyst $2,400.00
Schedule (Time) and Cost
Planning
33 days $13,680.00
Finalize hardware/software
costs
12 days Senior Hardware Engineer $7,680.00
Update activities and
duration estimates
10 days Project Analyst $6,000.00
Human Resource Planning 24 days $28,400.00
Finalize resource 9 days Project Manager $7,200.00

3PROJECT MANAGEMENT
requirements
Finalize project costs 7 days
Senior Hardware Engineer,
Senior Software Engineer
$8,960.00
Identify training
requirements
4 days
Senior Systems Test
Engineer
$2,560.00
Complete training activities 11 days
Hardware Engineer,
Software Engineer
$9,680.00
Quality Planning 38 days $3,960.00
Determine impacted quality
processes
3 days Systems Test Engineer $1,320.00
Finalize quality
management plan
6 days Systems Test Engineer $2,640.00
Risk Planning 17 days $12,280.00
Update project risks 11 days Risk Manager $7,480.00
Draft risk register 3 days Project Manager $2,400.00
Finalize risk management
plan
3 days Project Manager $2,400.00
Finalize Project Plan 58 days $21,440.00

4PROJECT MANAGEMENT
Finalize communications
management plan
3 days Project Analyst $1,800.00
Finalize procurement
management plan
9 days Contracts Analyst $3,240.00
Finalize stakeholder
management plan
2 days Project Manager $1,600.00
Finalize project
schedule/cost baseline
10 days Project Analyst $6,000.00
Finalize project plan 6 days Project Manager $4,800.00
Obtain approval for project
plan
5 days Project Manager $4,000.00
Answer to 4
The total project cost is $253,480. The detailed breakdown is shown in the following
table.
Task Name Cost
TECHNOLOGY REFRESH PROJECT $253,480.00
Initiating $22,160.00

5PROJECT MANAGEMENT
Meet with key stakeholders $1,600.00
Finalize statement of work $4,000.00
Secure project team leads $2,160.00
Finalize stakeholder register $3,200.00
Develop project charter $9,600.00
Finalize project charter $1,600.00
Planning $118,080.00
Scope Planning $38,320.00
Requirements $30,320.00
Develop/finalize functional requirements $10,240.00
Develop/finalize hardware requirements $7,680.00
Develop/finalize software requirements $6,400.00
Develop/finalize requirements traceability matrix $4,400.00
Finalize project deliverables $1,600.00
Develop scope statement $5,600.00
Finalize/Update WBS $2,400.00

6PROJECT MANAGEMENT
Schedule (Time) and Cost Planning $13,680.00
Finalize hardware/software costs $7,680.00
Update activities and duration estimates $6,000.00
Human Resource Planning $28,400.00
Finalize resource requirements $7,200.00
Finalize project costs $8,960.00
Identify training requirements $2,560.00
Complete training activities $9,680.00
Quality Planning $3,960.00
Determine impacted quality processes $1,320.00
Finalize quality management plan $2,640.00
Risk Planning $12,280.00
Update project risks $7,480.00
Draft risk register $2,400.00
Finalize risk management plan $2,400.00
Finalize Project Plan $21,440.00

7PROJECT MANAGEMENT
Finalize communications management plan $1,800.00
Finalize procurement management plan $3,240.00
Finalize stakeholder management plan $1,600.00
Finalize project schedule/cost baseline $6,000.00
Finalize project plan $4,800.00
Obtain approval for project plan $4,000.00
Executing $68,760.00
Hardware $5,280.00
Procure hardware from suppliers $5,280.00
Software $12,960.00
Obtain software OS licenses $5,280.00
Obtain software application licenses $7,680.00
Pilot Testing $4,640.00
Setup test area $1,320.00
Load software onto pilot machines $1,320.00
Validate functionality $2,000.00

8PROJECT MANAGEMENT
Deployment $23,800.00
Configure production hardware $8,640.00
Deploy production hardware $7,680.00
Load software to deployed hardware $7,480.00
Testing $10,880.00
Validate startup on deployed hardware $2,400.00
Perform OS testing $3,200.00
Perform application testing $5,280.00
Obtain formal sign-off from users $11,200.00
Monitoring and Controlling $22,400.00
Formal Customer Review 1 $6,400.00
Hold formal customer review after project plan
approval
$1,600.00
Update project plan $4,800.00
Formal Customer Review 2 $16,000.00

9PROJECT MANAGEMENT
Obtain updates regarding key deliverables from
project team
$9,600.00
Hold formal customer review after pilot testing $1,600.00
Update project plan $4,800.00
Closing $22,080.00
External $17,080.00
Finalize procurement with suppliers $4,680.00
Customer Approval $12,400.00
Hold final customer review $1,600.00
Prepare/submit final customer report $3,600.00
Audit against contractual deliverables $4,800.00
Obtain final customer approval $2,400.00
Internal $5,000.00
Hold lessons learned meeting $600.00
Update final internal report $3,600.00
Hold project team celebration event $800.00