Itc505 assignment - create a time-phased budget for your


Task 1: WBS (level 2/3) - Word doc or MS Project

You need to create level 3-4 WBS. It should have a minimum of 40 tasks. Use the indented format and level 1 as 4 phases of project life cycle.

Task 2: Gantt chart - Firstly you need to do Activity Estimation i.e. estimate the duration of each activity and Secondly dependencies between eh activities need to be determined before you can create a schedule and MS Project builds the Gann chart. You also need to allocate resources to each activity ( 1 resource per activity) from the table given below (PS: You do not need to use all the resources listed below, you may use the ones you need to complete your project)Gantt chart should include all the resources allocated in this project. You should attach the MS project screen shots to prove your workings.

The Resource table to be used for allocating resources is as below

 

 

 

 

$ per Hour

Project Manager

 

 

 

80

Systems Analysis

 

 

 

60

Graphic Designer

 

 

 

50

Application Programmer

 

 

 

50

Web System Expert

 

 

 

70

Program Team member_1

 

 

 

50

Program Team Member_2

 

 

 

50

Quality Assurance Tester

 

 

 

60

Database Administrator

 

 

 

50

Team Member_1

 

 

 

35

Team Member_2

 

 

 

35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Working Days

 

 

 

5 days per week ( No Over time required)

Working Hours

 

 

 

8 hours per day ( 8.30 - 5.30pm) - 1 hour for lunch

 

 

 

 

 

Task 3: Create a time-phased budget for your example project using bottom-up estimating. As you allocate resources to the activity your budget is being created. After you extract the Gantt chart, revisit the activity list and be sure to check direct labour costs for you and your team has been added and add 20% for fringe.

In this section, State all assumptions and constraints you have used when creating your budget. Give examples of known knowns and known unknowns (these are financial risks) on your project. Describe how you have budgeted for both of them plus how you have budgeted for unknown unknowns

Task 4: Risk Register

Create a risk register In the form of a risk register as per the format and example below

(4 risks- 3 negative and 1 positive risk)for your example project.(20 marks)

Task 5: Quality Management Plan.

It should include:

a short statement that reflects your team's philosophy or objective for ensuring that youdeliver a quality system to your client.

Develop and describe 3 quality issues related to this project that your project team could implement to ensure quality (6 marks)

Task 6: Closure checklist and project evaluation.

Develop a closure checklist that the project team will use to ensure that the project has beenclosed properly.
Develop a project evaluation -outline and discuss how your project's MOV will beevaluated.

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Business Management: Itc505 assignment - create a time-phased budget for your
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