Quality Management Plan

This document is a sample Quality Management Plan that outlines the strategies and processes for ensuring high-quality outcomes in a project. It includes a cost baseline breakdown by month and phase, a funding requirement analysis with gate-specific costs, and a cash reserve for unforeseen risks. The plan utilizes references from APM (Association for Project Management) and Chung (2017) to support its cost management approach.

OUR LANGUAGE IS IMPORTANT
COST BASELINE & FUNDING REQUIREMENTS
Version Number: 1.0
Version Date: 19/09/2017
Agnel Savery Andoniradji Savery
Student’s Number: 12033311
[----- For CQ University Only-----]

COST BASELINE
WBS Activities February March April May June July
1 Initiation and Planning
1.1 Prepare Business Case $1,200
1.2 Prepare Project Charter $1,200 $2,160
1.3 Develop Project Management Plan $4,000 $400
2 Implementation
2.1 Design the signages $3,640 $2,000
2.2 Print & Deliver Signages $13,480 $1,000
2.3 Erect the Sign boards at campus $6,920
3 Verification and Closure
3.1 Receive Feedback from CQU $2,400
3.2 Document Lessons Learnt $1,760
3.3 Handover documentation $1,000
Monthly Total $2,400 $6,160 $4,040 $15,480 $10,320 $2,760
Cumulative Total $2,400 $8,560 $12,600 $28,080 $38,400 $41,160
Cost baseline (Chung, 2017)
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FUNDING REQUIREMENTS
Gate Funding Required
Planning gate $8,960.00
Design gate $5,640.00
Printing gate $14,480.00
Installation gate $6,920.00
Verification & Closure gate $5,160.00
Subtotal of Cost Baseline $41,160.00
Cash Reserve for Unknown Risks (20% of Cost Baseline) $8,232.00
Total Funding Requirements $49,392.00
Funding Requirement (APM (Association for Project Management), 2017)
References:
APM (Association for Project Management). (2017). Funding. Retrieved September 18, 2017, from www.apm.org.uk: https://www.apm.org.uk/body-of-
knowledge/delivery/financial-cost-management/funding/
Chung, E. (2017, April 11). Project Cost Management: Cost Baseline vs Budget for PMP Exam. Retrieved September 11, 2017, from edward-designer:
https://edward-designer.com/web/cost-baseline-vs-budget-for-pmp-exam/
[----- For CQ University Only-----]