Project Assignment
Section A: 250 words / Subject: Initiating the Project
Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding.
Also, provide a graduate-level response to each of the following questions:
• Your company is hoping to outsource some of its work constructing a new development of condominiums. What would you use as selection criteria to narrow down your list of potential sellers?
• Give specific examples of risks on a project that are within the team's control, partially within the team's control, and outside the team's control. Tell how you would deal with each.
• Give two examples of why a project might be terminated early for cause and two examples of why a project might be terminated early for convenience.
• The sponsor of a large multi-phased project you are managing suddenly decides to terminate the project early. How do you respond? How and when do you notify your team members?
Section B: 400 words/ Subject: Initiating the Project
Chapter 13: Project Supply Chain Management.
This chapter deals with securing the services and materials that are needed to perform the project. After completing this chapter, each student should be able to perform the following:
Core Objectives:
• Identify the role of supply chain management in project management and its importance for ensuring project success.
• Describe how to plan, conduct, control, and close project procurements.
Behavioral Objectives:
• Explain how to use the contemporary approach to project partnering and collaboration.
Technical Objectives:
• Describe the various formats for supply contracts and when each type is appropriate.
• Given a project situation, determine which activities, supplies, or service should be purchased, create bid documents for one of them, determine the criteria you would use to select a seller, and then determine and justify the type of contract to be used.
Chapter 14: Determining Project Progress and Results.
This chapter covers multiple ways in which project managers seek to ensure the project results they planned to make and promised to deliver. After completing this chapter, each student should be able to perform the following:
Core Objectives:
• Develop and demonstrate use of a change control system.
• Demonstrate how to monitor and control project risks with various resolution strategies.
• Create and present a project progress report.
Behavioral Objectives:
• Describe the importance of formal reporting and communications.
• Demonstrate negotiating skills.
• Manage conflicts during the project execution.
Technical Objectives:
• Describe project quality control tools, including how and when to use each.
• Calculate current project schedule and budget progress, and predict future progress, using earned value analysis.
• Document project progress using MS Project.
Chapter 15: Finishing the Project and Realizing the Benefits.
This chapter deals with all of the processes and issues involved in finishing a project either on time or prematurely. After completing this chapter, each student should be able to perform the following:
Core Objectives:
• Describe how to determine when a project should be terminated early and the process for terminating a project in normal completion time.
• Describe the importance of the project closing activities and how to perform them.
• Create and present a transition plan for the project, including a plan for ongoing support and sharing lessons learned.
• Capture and share project lessons learned.
Behavioral Objectives:
• Secure customer feedback and acceptance of the project.
• Assist senior management in managing talent and managing resources for upcoming projects.
Technical Objectives:
• Close your projects administratively using MS Project.
Section C: 400 words / Subject: Initiating the Project
Instructions: Within the context of your Business Case project you will address and identify the different types of contracts that are available for supply chain management.
You will copy and paste the Business Case.
For each of the six contract types below you will provide a description of each contract type (based on the weekly readings and material from the textbook) and then identify where each of the contracts could be utilized within your project. These need to be specific examples and explain why the specific contract type would be ideal for these supplies (goods or services). There is no word minimum but each should cover the required material and provide a logical analysis of the specific information sought.
Business Case:
Fixed-Price Contracts
Firm-Fixed-Price (FFP) Contract:
Fixed-Price-Incentive-Fee (FPIF) Contract:
Fixed-Price-Economic-Price-Adjustment (FP-EPA) Contract:
Cost-Reimbursable Contracts
Cost-Plus-Fixed Fee (CPFF) Contract:
Cost-Plus-Award-Fee (CPAF) Contract:
Cost-Plus-Incentive Fee (CPIF) Contract:
Instructions: You have been instructed to provide a detailed analysis of the current progress of cost and schedule for an on-going project. You have been provided the Planned Value, Earned Value, Actual Cost and Budget at Completion. You will calculate the Variances, Indexes and Estimates for the project to provide a comprehensive report on the project. The comprehensive report should explain how the results are calculated, what the results mean, and what specific action steps should or need be taken to bring the project back within scope. Definitions must cite Kloppenborg textbook.
Planned Value (PV)
Earned Value (EV)
Actual Cost (AC)
Budget at Completion (BAC)
Schedule Variance (SV)
Cost Variance (CV)
Schedule Performance Index (SPI)
Cost Performance Index (CPI)
Estimate to Completed (ETC Method 1)
Estimate to Complete (ETC Method 2)
Estimate at Completion (EAC)
To-complete Performance Index (TCPI)
Comprehensive Situational Analysis:
Title Project Article #2: High Speed Train
City: California
Reference: Gourney, A. (2018, July 30). A $100 billion train: The future of California or a boondoggle?
Section D: 500 words /Subject : Initiating the Project
Imagine if you are working in software company as a manager, how initiating the project subject relevant or helpful to your career?
Format your assignment according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.