ORG 5800 Project Plan: Time, Cost, and Resource Management

This project plan analyzes the challenges encountered during project execution, specifically focusing on time and cost management. The plan details a construction project that faced delays due to issues with permits and inspections, leading to increased costs and extended timelines. The student explores the importance of accurate scheduling, resource allocation, and the impact of external factors on project success. The plan includes a schedule outlining activities, timeframes, and associated costs, highlighting variances from the initial projections. It emphasizes the need for proactive project management, including consulting with team members, realistic budgeting, and strategies to mitigate potential delays. The student reflects on the importance of meticulous planning and resource management to ensure projects are completed on time and within budget, while addressing the need for adaptability and contingency planning to overcome unforeseen obstacles. References to project management principles and relevant literature are included.

Running head: PROJECT PLAN 1
Project Plan
Name
Institution

PROJECT PLAN 2
Project Management Plan
When planning the project execution, some issues need to be addressed based on the
timed assigned as well as the availability of resources required. There remain situations that the
project shall go the unexpected way whereby the actual cost shall go up as well as the time shall
be less than what had been planned. All these variations are mainly caused by poor planning
schedule, which shows what must be done. When supervising a project, one ought to please the
customer, your management as well as the project (Kerzner, 2017). In the completion of the
project that was targeted to be complete within 2 years and to cost five hundred thousand dollars,
there were some activities that delayed making the all process delay. Indeed, the delay from the
county inspections as well as permit process remains the start of a delayed project whereby most
of the activities that were planned to be executed at that specific time shall have to be postponed
to the future date. The total time that were allocated was 2 years (Burke, 2013). The projected
time included the time that shall be taken by authorities to permit as well as give the required
documents for the project to continue. To be able to understand what would have gone wrong, let
us have a schedule that shall include the cost as well as the activities to be performed during the
2 years.
Table 1: Schedule
Activity Time (month) Cost ($)
Inspection as well as
document from authorities
2 20,000
Preparation of the foundation 5 80,000
Construction of the house 14 250,000
Construction of the garage 3 60,000
Labor 90,000
This table shows the budget that the project starts with as well as the time assigned to
each activity. Nevertheless, this was not the case because some activities were delayed, which

PROJECT PLAN 3
means that the firm has to allocate more time to the project. The cost incurred performing the
activities was going to be higher as compared to expected because of the added time taken to
wait for the completion of other activities (Yee et al. 2019). When the authorities refuse to give
the documents that shall allow the project to start, the contractors ought to wait for the release of
those essential documents. The client needs to confirm that everything is in order before the
project begins.
Poor baseline schedule might have been one of the factors that cause the variances
whereby the prognosis of the activities did not mirror the reality. Often there remain glitches
with the authorities whereby they have a habit of delaying permission for the commencement of
the projects (Garcia-Perez, Gheriss & Bedford, 2019). This meant that this schedule ought to
have added more time to cover up any uncertainty that may arise. The addition of more time to
the project would have corrected the situation. The other cause of this uncertainty may be
inadequate resources compared to what had been planned by the management. Having to plan a
budget of about five hundred thousand dollars, and then realizing the project shall cost six
hundred thousand dollars, it means the estimation of resources was not done well.
The management team of the project has a role to play to make sure that the deadline
remains met. This shall mean the straining of the available resources to facilitate the completion
of the project (Newton, 2016). Having a contract of 2 years means the client wants the project to
be done within the 2 years. Failure to having this work finished within the 2 years, the client
shall call it a breach of contract. The time that was assigned to all the activities has to be added.
The project management team shall have to find better methods to help them bring together all
the activities to attain the time specified (Reiss, 2013). For instance, they should undertake at the

PROJECT PLAN 4
same time the construction of the garage and the house to help them save time. This will also
reduce the actual cost of construction.
Reflection on My Learning
There remains the need for a manager to consult with the members of the team to make
sure what they plan is real and achievable. Project management requires a lot of attention to
ensure that time, as well as resources allocated, are accurate and real. An individual may
generate a project plan to achieve within the set time, but he/she may fail terribly because of the
lack of a proper plan as well as the budget. Therefore, the time allocated and budget remain two
essential factors that one ought to be keen on when dealing with any project plan.

PROJECT PLAN 5
References
Burke, R. (2013). Project management: planning and control techniques. New Jersey, USA, 26.
Garcia-Perez, A., Gheriss, F., & Bedford, D. (2019). Developing a Knowledge Metrics Strategy–
A Project Plan. In Designing and Tracking Knowledge Management Metrics. Emerald
Publishing Limited.
Kerzner, H. (2017). Project management: a systems approach to planning, scheduling, and
controlling. John Wiley & Sons.
Newton, R. (2016). Project Management Step by Step: How to plan and manage a highly
Reiss, G. (2013). Project management demystified: Today's tools and techniques. Routledge.
successful project. Pearson UK.
Yee, D., Ross, J., Franz, A., Jabusch, T., Davis, J., Weaver, M., ... & District, S. R. C. S. (2019).
Quality Assurance Project Plan.