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Project Performance Management

   

Added on  2019-09-30

14 Pages3205 Words145 ViewsType: 145
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Running Head: ROLLER COASTER PROJECT MANAGEMENTProject ManagementRoller CoasterStudent Name: Student ID: Course Name: Course ID:Faculty Name: University Name:
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ROLLER COASTER PROJECT MANAGEMENT1AbstractThe project is based on the revamp of the roller coaster project of SWL. The project was set to becompleted by December 22 however due to some resource leveling challenges it extended to December 28. Moreover, the paper considers managing various challenges that occurred concerned with motor upgrade, entrance size correction and others. The costs and time aspects of the various activities have been shown using different snapshot from MS Project.
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ROLLER COASTER PROJECT MANAGEMENT2Table of ContentsAbstract............................................................................................................................................1Section 1: Defining the Project........................................................................................................3Question #1a: Project Priority Matrix..........................................................................................3Question #1b: Cost Estimation Approach....................................................................................3Section #2: Managing the Project Team..........................................................................................4Question #2a: Advantages of Outsourcing..................................................................................4Question #2b: Relevant Best Practices........................................................................................4Section #3: Scheduling Resources and Costs..................................................................................5Question #3a: Gantt chart with Table..........................................................................................5Question #3b: Resource Leveling within the Schedule...............................................................5Question #3c: Resource Leveling beyond the Deadline..............................................................6Section #4: Base-lining and Tracking Project.................................................................................6Question #4a: Minor Cost Changes.............................................................................................7Question #4a (i): Incorporating Further Changes........................................................................8Question #4a (ii): Gantt chart with Completion Date..................................................................8Question #4a (iii): Cost Performance Index (CPI).......................................................................9Question #4b: Actions for Issue Prevention..............................................................................11
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ROLLER COASTER PROJECT MANAGEMENT3Section 1: Defining the ProjectThis section is concerned with the definition of the Roller Coaster Project. The project is concerned with the redevelopment of the roller coaster of Super Wonderland (SWL) Pte Ltd in Singapore. SWL is one of the world’s largest entertainment companies with interest in various fields such as movies, theme parks and resorts. Due to government directives, it is mandatory to for the company to either close the old Roller Coaster or revamp the same as per the new directives. This paper has focused towards the same in detail.Question #1a: Project Priority MatrixBased on the CEO’s direction, the project priority matrix has been developed as follows:TimeScopeCostConstrainXEnhanceXAcceptXThe points below explain the identification of priority matrix in above given pattern:Time is needed to be enhanced because there are some resources which are not allocated in a proper manner. As the time is limited for the project because it is going to be launched on 30 Dec 2016. So, time can be enhanced by the management.Scope is constrain because if all requirements of the government is not fulfilled in an appropriate manner than the government will not approve SWL to open Roller Coaster for customers.Cost is acceptable because if the cost is reasonable by the management.Question #1b: Cost Estimation ApproachMentioned below are the four relevant conditions in deciding to use the Top-down or Bottom up Estimate approach for estimating the project cost:Cost and Time ImportantFor condition on “Cost and Time”, Bottom-up Estimates is preferred because managed rarely hold information about the projects with which they are less acquainted with. This is the case for the RCS Project as the management has no understanding of the cost and time that will be incurred on the activities. Hence SWL shall use Bottom-up Estimate under this condition.
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