1. Your family (you, your spouse, and five-year-old child) are planning a trip to Walt Disney World in Orlando, Florida. Representatives from upper management (your spouse and child) have specified that the trip will entail travel to Orlando, a four-night stay, and three days spent in Disney World itself. You and your spouse have allocated about $5,000 from your annual budget for this project.
a. Develop a WBS for this project and submit your work in mind map and outline form. You should have at least 30 work packages as the lowest level. Student answers will vary but should include 5-6 deliverables and at least 30 work packages as per the following example: THE FURTHER DOWN YOU GO IN WBS THE BETTER!
b. Select three of the deliverables included in your WBS and, for each, list three key performance indicators
2. For two of the major deliverables or project elements you identified for the Disney World project, develop a detailed cost estimate in a spreadsheet format similar to the one shown in Exhibit 5.20. Your goal is to make the cost estimate as accurate as possible. Explain the approach you adopted in developing the estimate and the strategies you used to increase the accuracy of the estimate. Also list any assumptions on which your estimates are based. How confident are you in the accuracy of these cost estimates? Why?