Project Management Assignment - Accurate Estimates, WBS, Gantt Chart
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This project management assignment covers topics like accurate estimates, bottom-up and top-down estimating approaches, types of costs, white elephant, WBS, project networks, slack, lags, hammock activity, and an implementation plan with WBS and Gantt chart.
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Running head: PROJECT MANAGEMENT ASSIGNMENT Project Management Assignment Name of the Student: Student ID: Name of the University: Author’s note:
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1PROJECT MANAGEMENT ASSIGNMENT Section 1 1. Why are accurate estimates critical to effective project management? Accurate estimationof the projectmanagementwould be required for easing the simplification of the activities. The project management deals with the analysis of the activities for the project development and utilization of the functions supporting the implication of the functions. The project management would deal with the implication of the factors aligning with the development of the factors. The utilization of the critical estimation would be helpful for the alignment of the factors depicting the faster and effective project management. The critical estimation is deployed for listing the alignment of the functions of theproject development model. 2. What are the differences between bottom-up and top-down estimating approaches? Under what conditions would you prefer one over the other? The bottom up and top down is an effective estimation techniques implied for the development of the improved analysis and methodology. The estimation of the budget, schedule, and duration of activities is based on the alignment of the specific formation of the factors so that the project is completed in effective time duration. The defining of the operations of Advantage Energy Technology Data Center Migration is based on the implication of the effective project activities so that the deployment can be formed with the implication of the factors. The major difference between the top down and bottom up estimation is based on the impact on the project budget estimation. The bottom up is dependent on the activities aligned for the project while the top down estimation is based on the resource implied for the project development methods.
2PROJECT MANAGEMENT ASSIGNMENT 3. What are the major types of costs? Which costs are controllable by the project manager? The major types of costs included in the project of Advantage Energy Technology Data Center Migration can be classified into human labour costs and material costs. The employment of the various human resources like project manager, network administrator, database developer, and other workers would require a specific amount of salary or wage as the cost. The materials like modems, routers, hardware, software, and other materials would be aligned for exhausting a specific amount of cost for the project. The project manager can manage the costs of materials for ensuring that the project can be completed in the estimated time duration. The material costs are unavoidable costs that cannot be managed. 4. Define what a “white elephant” is in project management? Provide a real-life example. White Elephant is a term used for the representation of the cost factor aligning with the implication of the improved operations for the project. The white elephant would be developed for aligning with the improved activities that can result in forming the loss to the organization. For example- the deployment of the application can result in loss for small scale industries as most of the people would not be using the application for local services. 5. How are WBS and project networks linked? The WBS is the representation of the project activities in a specific work packages grouped together for easing the understanding of the operations depicting the significant analysis of the operations. The deployment would be helpful for easing the process of the network
3PROJECT MANAGEMENT ASSIGNMENT diagram development. The analysis would be helpful for easing the flow of activities and realizing the formation of the work network. The WBS network development would be eased with the utilization of the clear project plan development. 6. Why bother creating a WBS? Why not go straight to a project network and forget the WBS? The work packages can be easily developed into the project network depicting the simplification of the operations. The implying of the smart activities would be supportive for the deployment of the operations aligning with the utilization of the factors depicting the analysis of the successive network diagram. The network diagram can be easily drawn with the help of the work package developed while developing the WBS. The work breakdown structure is helpful for easing the implication of the factors developing the utilization of the smart development factors. 7. Why is slack important to the project manager? Slack is the extra time that allows the implication of the operations even for extended period of time. The non critical activities have some extra time that they can be shifted within for ensuring that the critical tasks are intact and no change in duration of the project. The slack allows the utilization of the appropriate extra time for managing the project activities over the critical time period. 8. What is the difference between free slack and total slack? The free slack is the excess time for which the project activities can be shifted without causing any major problem for the project implication development. The total slack is the time
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4PROJECT MANAGEMENT ASSIGNMENT required for the alignment of the factors using the implication of the operations. The comparison of the two slacks is based on the implication of the activities for forming the implication of the effective utilization of the operations. The difference in the two slacks is the reason of their occurrence like free slack does not have any specific influence and the utilization of the specific functional analysis. 9. Why are lags used in developing project networks? Lags are helpful for calculating the change in duration among the project activities and it would support the alignment of the project activities. It would support the implementation of the activities using the implication of the improved activities. 10. What is a hammock activity, and when is it used? The hammock activity is aligned for the utilization of the activities forming the analysis of the dates and the tasks associated with the project. The formative alliance of the activities can support the execution of the activities. Section 2 Implementation Plan The project of Advantage Energy Technology Data Center Migration is implied for the analysis of the operations so that improved communication operations can be installed in the organization. The following project plan is aligned for the implication of the integration of the activities supporting the development of the effective data center migration,
6PROJECT MANAGEMENT ASSIGNMENT 3.8Ventilation System developed4 daysThu 10/25/18Tue 10/30/18 3.9Replacing old supplies2 daysWed 10/31/18Thu 11/1/18 4Closure13 daysFri 11/2/18Tue 11/20/18 4.1Testing of network5 daysFri 11/2/18Thu 11/8/18 4.2Sign off documents2 daysFri 11/9/18Mon 11/12/18 4.3Network transfer4 daysTue 11/13/18Fri 11/16/18 4.4Battery Change2 daysMon 11/19/18Tue 11/20/18 4.5Closed0 daysTue 11/20/18Tue 11/20/18 Work Breakdown Structure Advantage Energy Technology Data Center Migration Initialization Analysis Resource Accumulation Hiring Brian Ordering new racks and cables Delivery of racks Planning Board Meetings Activity Planning Schedule development Team Recruitment Plan Approval Construction Phase Site renovation Floor Construction Power Supply Development Cables are laid Switchover approved Development Phase Network Designing Ventilation System developed Replacing old supplies Closure Testing of network Sign off documents Network transfer Battery Change Closed
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10PROJECT MANAGEMENT ASSIGNMENT Bibliography Martinelli, R.J. & Milosevic, D.Z., (2016).Project management toolbox: tools and techniques for the practicing project manager. John Wiley & Sons. Nicholas,J.M.&Steyn,H.,(2017).Projectmanagementforengineering,businessand technology. Taylor & Francis. Schwalbe, K., (2015).Information technology project management. Cengage Learning. Serra, C.E.M. & Kunc, M., (2015). Benefits realisation management and its influence on project successandontheexecutionofbusinessstrategies.InternationalJournalofProject Management,33(1), pp.53-66. Snyder, C.S., (2014). A guide to the project management body of knowledge: PMBOK (®) guide.Project Management Institute: Newtown Square, PA, USA. Svejvig, P. & Andersen, P., (2015). Rethinking project management: A structured literature reviewwithacriticallookatthebravenewworld.InternationalJournalofProject Management,33(2), pp.278-290.