Project Management

This document provides an overview of system development methodology, including a description of the waterfall model and extreme programming. It also includes a project Gantt chart and discusses economic cost feasibility and project budgeting. The document references various sources on project management.

Running head: PROJECT MANAGEMENT
Project Management
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Table of Contents
Task 1. System Development Methodology....................................................................................1
Description of Extreme Programming.........................................................................................1
Comparison of both Methodologies............................................................................................2
Task 2: Project Gantt chart..............................................................................................................3
1. Gantt Chart Screenshot............................................................................................................3
2. Explanation of Gantt chart.......................................................................................................3
Task 3: Economic Cost Feasibility/ Project Budgeting...................................................................5
References........................................................................................................................................7

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Task 1. System Development Methodology
1. Description of Waterfall Model: In waterfall model, all the phase must be completed
before starting of next phase and no overlapping of the project is done. This particular model is
considered as the early form of SDLC approach that are usually used in developing a software.
In the waterfall model all process are divided in to many different phases (Kerzner and Kerzner
2017). Any phases in a development process usually begins if the previous process is completed.
This particular model includes a sequential process of designing where the progress of the
project is seen to be downwards through different phases such as conception, Initiation, analysis
phase, designing phase, construction phase, testing phase, implementation phase and lastly
maintenance phase.
Description of Extreme Programming:
The Extreme programming is the most important framework of software development in
System development Life Cycle and this XP methodology is a part of agile methodology. This
methodology is used in improving the quality of software as well as is very much responsive to
the requirement of the customers. This particular model mainly recommends to take best
available practice that were used in previous program for developing a project with extreme
model.
XP is actually based on frequent iteration that are implemented by the user stories of the
developers. The user stories are actually simple as well as informal statements for the customers
about the functionalities that they need in the project (Joslin, R. and Müller 2016). This is a
conventional description that are done by the user who will use the system or the product. The
user stories that are used in XP are just the scenarios of the system and does not include the

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details system. After defining the user stories, the team handling the project defines the
metaphors. These are some common vision stating the working process of the system.
Depending on metaphor, the team decides to build a spike for the project in future.
Comparison of both Methodologies: Another name for the waterfall model is traditional
model for developing the software. Even before the invention of the agile model, waterfall model
was invented and all the projects were controlled by the waterfall model was well. Waterfall
model is an old methodology that follows a sequential method. The projects dealing with
waterfall model have many different stages in the project and the project have to pass before
starting the project. Minimum of stages that can be used in a waterfall model is five (Golini,
Kalchschmidt and Landoni 2015). The waterfall testing is mainly conducted at the final stage of
completion of work. So, fixing error in the middle of the project is difficult using the waterfall
model at the early stage of realizing the project. Backtracking is not possible with the waterfall
model.
Difference between the extreme programming and the waterfall model is described
below:
 The extreme programming model is iterative process and in place of having a sequential
stages, the XP model uses the same lifecycle over and over again till the final product is
completed and the system is created.
 Another difference of extreme programming and the waterfall model is the team of
Extreme Programming. This programming is actually a part of agile methodology but
does not follow such strict rules. XP methodology is a self-managing methodology.

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 The extreme methodology follows customer satisfaction which is not followed in any
other methodologies. So, extreme methodology is different from all other methodologies
of software development life cycle.
Task 2: Project Gantt chart
1. Gantt Chart Screenshot

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2. Explanation of Gantt chart
The Gantt chart above shows the activities and tasks that are related with the SolarPower
project. The designing phase and the Implementation phase is carried out in the Gantt chart
stated above. The project duration is five days. The sub tasks that are related with the project
chart are appointment details, system checking phase, describing the quote to workers, and the
payment process related with the tasks. The resources are also included in the Gantt chart who
are involved with a particular activity or tasks.

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Task 3: Economic Cost Feasibility/ Project Budgeting
1. Excel Spreedsheet
2. a. Breakeven period is the total sales amount in quantity or in revenue term that covers the
total cost of the project including the fixed cost as well as the variable cost (Joslin and Müller
2015). It is also stated as the total time required by net cash flow in a project so that project cost
as well as the investment cost can be offset.
b. The breakeven analysis of the project is
For year one: $20,270
For 2nd year: $22,319
For 3rd year: $23,763
For 4th Year: $24,702
For 5th year: $25,221

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c. Break even analysis is mainly used for the production management as well as accountants
(Chavez 2018). Breakeven analysis is mainly based on categorizing the cost of production
between variable and the fixed cost. With the breakeven analysis, the customer can get to know
about the total sales per year and can compute the profit and loss of a company.
3. a. Return of Investment is the gain or the loss that is generated on the investment compared to
the total amount of money that is invested by the company (Golini, Kalchschmidt and Landoni
2015). ROI is done in percentage and is mainly used for financial decisions for comparing the
profitability of the company and in comparing the efficiency of the company in different
investments.
b. The value of ROI in this project is 0.78. The profit of the company is mainly determined with
the ROI. With this value the customer will get to know about the net profit of the company and
their decision about getting SolarPower service will actually depend on the ROI of the company.
c. The project is a worthwhile investment because the project breakeven occurs within 1st year
and 2nd year, that is the company is able to withdraw the total money invested for the project and
the project is having profit in all five consecutive years.

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References
Chavez, R., 2018, June. Implementing Project Management Methodologies in Social
Entrepreneurship Initiatives in Developing Nations: Methodology for Training SE Project
Managers and Two Case Studies. In Global Conference on Business and Economics (GLOBE
2018).
Golini, R., Kalchschmidt, M. and Landoni, P., 2015. Adoption of project management practices:
The impact on international development projects of non-governmental
organizations. International Journal of Project Management, 33(3), pp.650-663.
Joslin, R. and Müller, R., 2015. Relationships between a project management methodology and
project success in different project governance contexts. International Journal of Project
Management, 33(6), pp.1377-1392.
Joslin, R. and Müller, R., 2016. The impact of project methodologies on project success in
different project environments. International Journal of Managing Projects in Business, 9(2),
pp.364-388.
Kerzner, H. and Kerzner, H.R., 2017. Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Kerzner, H., 2017. Project management metrics, KPIs, and dashboards: a guide to measuring
and monitoring project performance. John Wiley & Sons.