Project Management: National Archives of Australia

Running head: PROJECT MANAGEMENT
Project Management: National Archives of Australia
Name of the student
Name of the university:

1PROJECT MANAGEMENT
Table of Contents
Part 1................................................................................................................................................2
1. Project scope and WBS...............................................................................................................2
2. Cost management plan for the project........................................................................................3
Part 2................................................................................................................................................4
1. Usage of two cost analysis methods and tools for ton demonstrate the cost variance occurred
in the project....................................................................................................................................4
2. Detailed budget performance report for showing the variance..................................................5
3. Replanning to bring back the project to original budget.............................................................5
Part 3................................................................................................................................................6
1. Describing the details of the financial completion activity.........................................................6
2. Review of the project performance in terms of cost management............................................10
3. List of cost issues that may have been experienced on the project...........................................10
3.1 List of cost issues.................................................................................................................10
3.1 Recommendations for the future of the project...................................................................13
References......................................................................................................................................15

2PROJECT MANAGEMENT
Part 1
1. Project scope and WBS
In order to upgrade the archive website of the company, the project manager is required
to develop a project budgetary plan. It is the responsibility of the project manager to complete
the project within the estimated budget and allotted time. Budget variance is referred to as the
difference between budget and baseline amount of the revenue, expense and the actual amount.
In order to upgrade the website, different activities are considered by the project manager. For
each of the project activities varied cost amount is also allotted. The project manager of this
long-term project has considered various resources also.
Figure 1: WBS for upgrading the website of National Archives of Australia

3PROJECT MANAGEMENT
(Source: created by author)
The lists of resources allotted for the project include needful equipments, facilities, fees
and charges, human resources, materials, statutory cost and services as well. In order to reduce
workload from the project team members and project manager as well work break down
structure is also developed. For this particular project, five different phases are designed in terms
of initiation phase, planning phase, design phase, design phase, development phase, testing phase
and closure phase.
Contingency budget plan is a kind of fund that is set aside by the company to deal with
the unpredicted conditions. It also helps to ensure the successful completion of the project
program. On the other hand, tolerance is percentages estimated for the total budgeting that can
be spend without any kind of return program.
For this particular project, overheads or indirect costs have been estimated. In order to
upgrade the website of the company the indirect cost estimated for the below factors such as
management, general administration, utilities, security, insurance, legal, building rentals,
advertisement etc. For different activities, the total budget estimated is as follows:
2. Cost management plan for the project
For upgrading, the website units of measure are considered as it helps to define the
perquisite inventory setup for the units of measure. For this project, the project measures and
metrics are related to each other. The metrics serve values, thresholds, constraints, scope and
duration of the project. According to the developed Service Level Agreement (SLA) of the