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PROJ 6002 - Project planning and budgeting || Management plan

   

Added on  2020-02-24

7 Pages1357 Words164 Views
Leadership Management
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Running head: PROJECT PLANNING AND BUDGETING1Project planning and budgetingName:Course:Professor:University:
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PROJECT PLANNING AND BUDGETING2Table of contentProject C; Cost and quality management plan1.Cost and management plan introduction2.The deliverables of the project3.Measuring Project Costs4.The tools and techniques used in the cost management plan5.Quality management plan for the production processCost and quality management planThe project entails a planning schedule of cost and quality of the production of the 10,000Rubber components in the company. In most production processes, the cost of the productionprocess becomes the central point of discussion in order to understand the eligibility ofproduction. On the other hand, the quality of the produce is also essential for both the owner ofthe process and the managers of the project. Therefore, the projects seek to get the cost of theproduct and quality of the whole process as well for the sake of eligibility. Moreover, severalcost determiners and quality evaluation techniques are used in the project.Deliverables of the projectThe project planIn this part, the project plan acts as a deliverable due to the fact that is essential for the determination of an improved process in the production cycle. Therefore, the manufacturing
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PROJECT PLANNING AND BUDGETING3costs and quality would be part of the plan and this makes it essential for the whole process of production. Tender proposalThe request for the proposal is based on the basis of the cost and quality of the productionprocess of the Rubber components. The value of the project and the quality mechanism isimportant for the sake of the future improvement in the entire cycle of the process. These areessential to make sure that the needs as stated in the tender proposal document are met and this ismainly considered in the quality standards criteria.Measuring Project CostsThe cost management plan which is also part of the project will assist in thedetermination of the cost of producing the expected 10,000 rubber components. PMBOKanalysis mechanism focuses on various cost determinant techniques that based on the earnedvalue of the project which is the actual amount to be paid in the production process. The earnedvalue product can be obtained through consideration of various processes like the schedulevariance which is calculated by getting the difference between the earned value and the projectcosts. There are several cost determiners that assist in the budget projection for the entire project.[ CITATION Atk00 \l 1033 ]The cost baselineBased on the PMBOK analysis, this is a time budget that is generally used as a controlfactor to measure, monitor and control the overall cost of the performance of the entire project
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