Project Management Case Study: Time Inc

Running head: PROJECT MANAGEMENT
Case Study: Time Inc
Name of the Student
Name of the University
Author’s Note

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PROJECT MANAGEMENT
Table of Contents
Project Overview........................................................................................................................2
1. Gantt chart..............................................................................................................................3
2. Network Diagram...................................................................................................................4
3. Identification of six milestones for the project using SMART criteria..................................4
4. Resources table.......................................................................................................................5
5. Project budget.........................................................................................................................6
6. RACI table...........................................................................................................................14
7. Potential risks.......................................................................................................................19
8. Probability and Impact matrix..............................................................................................21
Bibliography.............................................................................................................................23

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PROJECT MANAGEMENT
Project Overview
The paper mainly reflects on “Time Inc”. which is one of the international firms that
mainly have software centres in different 15 countries. It identified that the steering
committee of the organization decided to implement the Timesheet in all centres as the
organization wants to know how time is mainly utilized within the different software centres.
The main interest of the committee is to engage within the process of capturing metrics like
cost of quality, resource optimisation as well as project management excellence within the
entire organization. It is found that the organization is mainly engaged within the purchase of
the time sheet system which generally works for the project management system of an
enterprise in order to provide visibility within the projects across different software centres. It
is found that in this report, proper time sheet system is generally recommended for meeting
the needs as well as requirements of the software systems.

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PROJECT MANAGEMENT
1. Gantt chart
Figure 1: Gantt chart
(Source: Created by Author)

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PROJECT MANAGEMENT
2. Network Diagram
The network diagram for the project is provided below:
Figure 2: Network Diagram
(Source: Created by Author)
3. Identification of six milestones for the project using SMART criteria
The six milestones that utilizes the SMART criteria are elaborated below:
Specific: In order to enhance the present working system within the organization
“Time Inc.”, it is very much necessary to develop the new system. It is found that in order to
achieve the entire goal, it is very much necessary to upgrade the required hardware as well as
software.
Measurable: It is found that new timesheet system will generally help in providing
proper functionality of tracking to the organization so that the entire organization will be able
to measure the entire time scales for better as well as for achieving efficiency.
Attainable: The organization must be able to provide stability as well as efficiency in
order to manage the time as well as other important factors of the project.

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PROJECT MANAGEMENT
Realistic: It is found that entire project will generally get finished within the time as
well as budget which is feasible as well as realistic.
Time Bound: After undertaking proper feasibility analysis as well as initial
estimation, it is analyzed that the entire project will get completed within the time period of
105 days.
4. Resources table
The resource table for the project is provided below:
Resource
Name
Type
Max.
Units
Std. Rate Ovt. Rate Cost/Use
Accrue
At
Base
Calendar
Project
Manager
Work 100% $200.00/hr $0.00/hr $0.00 Prorated Standard
Human
Resource
Manager
Work 100% $175.00/hr $0.00/hr $0.00 Prorated Standard
Finance
Manager
Work 100% $145.00/hr $0.00/hr $0.00 Prorated Standard
Project
Supervision
Manager
Work 100% $140.00/hr $0.00/hr $0.00 Prorated Standard
Content Writer Work 100% $140.00/hr $0.00/hr $0.00 Prorated Standard
Procurement
Manager
Work 100% $138.00/hr $0.00/hr $0.00 Prorated Standard