Project on Budgetary Information

Added on - 03 Jun 2020

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Project Management
ContentsINTRODUCTION...........................................................................................................................11. Project Initiation Document (PID)...............................................................................................1Budgetary information.................................................................................................................1Timescales...................................................................................................................................2Key staff.......................................................................................................................................2Stakeholder analysis....................................................................................................................32. Risk Register................................................................................................................................31. Project Plan..............................................................................................................................53. Project Sponsor............................................................................................................................7a. Importance of quality risk management plans and the potential impact.................................7b. Analysis and critique of the potential relevance of PRINCE2................................................8Conclusion and Recommendation...................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONThere are different types of plansdeveloped so that an effective project can be formed.For carrying out any plan it isimportant to have a projectmanager who has proper understanding of ways that can help to complete the project.Further, projectmanagement can be determined as a methodological approach that enables to develop rules, regulations and principlesso as to fulfilall requirements of project(Kerzner and Kerzner, 2017). There are certain aspects that areneeded as support likeworkers, budget planand risk analysis. As perthe scenario provided, QAHE (The QA Higher Education) has planned to refurbish its teaching rooms andcomputing labs in London Campus. This project covers the budgetary information so that all the activities set can be completed.Further, it also covers core elements that will be included in the Gantt chart.Aim:To refurbishteaching rooms and to compute labsforLondon Campus.Objectives:To design a new building that will be used as laboratories by students.To complete the project within the speculate budget.Todevelopan environment in which students are comfortable andcreatehealthy relation.To control and monitor functions like power consumption, energy management, etc.To develop different type of report to examine performance and operations of building.1. Project Initiation Document (PID)Budgetary informationThere are different types of activities that are included in project. For each of the activities it consists of certain amount that isincurred by the management (Burke, 2013). With this respect, it is important to make sure that appropriate steps are taken in whichplanning is made to set the total cost that willraise. Below given are the costs that will be included:1
ParticularsAmount(In GBP)Purchasing materials forrefurbishment1500Acquiring software license2500Database licensing200Equipment cost2000Labour cost1000Server cost800Network cost2000Total10,0002
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