Formulate Resource Estimates and Project Budgets
To build an effective project plan, one of the many components is the estimate of resources that will be required, when the resources willbe required and the formulation of project-based budgets.
Review the resources listed in the Books and Resources area below to prepare for this assignment(s).
Books & Resources:Book
Fleming, Q. W., & Koppelman, J. M. 2010 Earned value project management.
Instruction:Read Chapters #7 and #8
Kerzner, H. 2009 Project management: A systems approach to planning, scheduling, and controlling.
Instruction:Read Chapters #14 (14.19, 14.21) and #15 (15.4)
Assignment:
Using a re-carpeting project as an example for this assignment, research resource estimation techniques necessary to generate a high level budget for the project. Formulate the resource estimates and budget for the project in a spreadsheet. Your spreadsheet should include:
• integrating scope with costs and schedules,
• management reserves,
• project baseline,
• methods used to plan earned value and control account plans.
In addition, provide a brief explanation of the project and the process implemented to formulate the estimates and initial budget. Justify your selection of necessary resources based on the budget you prepared.
Support summary with a minimum of three (3) external resources.
Length: Spreadsheet with sufficient detail to demonstrate the resources required AND 2-3 page summary explanation
Summary should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Response should reflect scholarly writing and current APA standards where appropriate.
Instruction:
Understand that North-central university has zero tolerance for plagiarism, answer the question directly, don't go out of point be original use your own words, use the text book and the Article/Journal.
do not plagiarize, do not copy and paste. don't forget to cite, references, page numbering, running head the Assignment and everything in the assignment should be done in APA format.