Roller Coaster Safety Project Management
16 Pages3360 Words156 Views
Added on 2019-09-30
Roller Coaster Safety Project Management
Added on 2019-09-30
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PROJECT MANAGEMENTROLLER COASTER
Section:-AAnswer: 1a.Priority matrixTimeScopeCostConstrainXEnhanceXAcceptXTime is needed to enhance because there are some resources which are notallocated in a proper manner. As the time is lots for project because it is going tolaunched on 30 Dec 2016. So, time can be enhanced by the project manager.Scope is constrain because if all requirements of the government is not fulfilled inan appropriate manner than the government don’t give its approval to the projectmanager.Cost is acceptable because if the cost is reasonable, project manager is ready topay it. b.Conditions for using the bottom-up estimate are following:-Any organization which is using bottom-up estimate for measuring the project cost canbe inexperienced. In this estimate, less experience is required.The bottom-up approach is mostly suitable only for developing detailed project budgets,schedules, and monthly forecasts. Using bottom-up approach by the management requires more time because it isconsidered a time-consuming estimate. 1
Bottom- up approach is based on the collective decision making and seeks to avoid thepitfalls of change.Conditions for using top-down estimate:-This estimate is only suitable for those organizations which are experienced.For accurate estimation of the cost, following top-down approach requires that themanagement of the organization should have knowledge of project pricing.For the top-down estimate, smaller-scale installation is considered the best environment.Top-down requires that management of an organization should have market knowledgeand clear insight into the details of a project.For condition related to the requirement of experience. For SWL, the bottom-up estimate ispreferred because the management of the organization is inexperienced. The bottom-up estimateis the case for RCS project because implementing the bottom-up approach requires lessexperience from management. Hence, SWL shall use bottom-up estimate under the requirementof required experience.For condition related to developing detailed project budgets, schedules, and monthly forecasts.Bottom –up approach estimate is preferred because RCS Project management prepare detailedproject budgets for which appropriate schedule and monthly forecasts is required, all this can bedone by using Bottom- up approach. This is the case for RCS project because management isinexperienced and it needs to conduct forecasts and develop schedules. Hence, SWL shall useBottom-up estimate under the requirement of detailed project budgets and schedules.For condition related to the requirement of more time. The bottom-up approach is preferredbecause it gives an accurate estimate after spent more time. This is the case for RCS project2
because it gives accurate estimates of the cost to management. Hence, SWL shall use bottom-upestimate under the condition of the requirement of time. For condition related to collective decision making and avoid pitfalls of change. Bottom- upapproach is preferred because management is able to develop best decisions because ofinvolvement of a large number of peoples. This is the case for RCS project because it requires agood decision for estimating the project cost. Hence, SWL shall use bottom-up estimate underthe requirement of decision making.For condition related to experience. Top up estimate is preferred, when the management of RCSis highly experienced. Top- up estimate require high experience from the management. The top-up approach is not the case of RCS project because the management has no any experience.Hence, SWL shall not use top-up estimate for estimating the cost of the requirement ofexperience.For condition related to the requirement of knowledge related to project pricing. Top- upestimate is preferred when the management is fully experienced and has overall knowledge ofproject pricing. The top-up estimate is not the case of RCS project because the management isinexperienced and have not any knowledge about the project pricing. Hence, SWL shall not usetop-up estimate under the requirement of project pricing knowledge.For condition related to the best environment. Top- up estimate is preferred because it providesthe best environment through smaller-scale installation. The top-up estimate is not the case forRCS project because it needed no any smaller scale installation environment during its working.Hence, SWL shall not use top- up estimate under the requirement of the environment.3
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