Quality Management Plan Project

The document outlines a Quality Management Plan for a project, detailing the cost baseline, funding requirements, and various project activities. It includes a structured approach to project management, emphasizing the importance of planning, implementation, and verification. The plan also references key sources for further understanding of project cost management.

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-----]