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Discuss some of the best practices for estimating and developing a project budget.

by | Apr 28, 2022 | Operations Management homework help | 0 comments

 

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Week 4 Assignment – Project Planning
Overview
This is the first of three writing assignments for the course.
Whether we know it or not, we all have planned and executed projects at some point. For the assignments in this course, you will select a project to undergo the project management process. This project can be real or fictional, but you should choose something that you are interested in.

Remember a project must:
Have a beginning and an end.
Result in something  being delivered to someone.
Require a series of    activities that must be done to complete the project.
Require resources (for  example, people and materials) to complete the work.
Again, we have all done projects. A project can be something as simple as taking a vacation, having a family reunion, putting on a wedding, having a birthday party, or buying / selling a house. The project could also be job-related, such as managing a major technology upgrade for the organization, putting together an annual management retreat for all employees, or something else that meets the definition of a project. The focus of your paper should be on the concepts learned from the chapter readings and not how well you can describe a project. All opinions must be supported with sources and in-text citations. Also, feel free to use different projects for each assignment.
Note: To avoid a high SafeAssign percentage, do not simply copy and paste from one assignment to the next.
Note: You are prohibited from using projects that can found on the Internet, including projects found in places such as CourseHero. All project submissions are submitted to SafeAssign for review.

Instructions
Write a 3-4 page paper in which you define the scope of your project:
Provide an introduction      and overview of the project.
Explain why it is  important to define the goals and objectives for a new project.
Describe at least two goals for the project and describe an objective for each of the goals. Include in-text citations from credible sources that explain the importance of establishing and defining goals and objectives for a new   project.
Explain why it is  important to understand the organizational structure where the project will be completed.
Chapter 3 in the course  textbook describes project management structures.
Describe the project management   structure that you will use to manage your project and why you made that  choice.
For example, will you   manage it via the existing functional structure of the organization, set   up a projected/dedicated project team, or use a matrix management structure?       If you will use a matrix structure, which type will you use?

Include in-text   citations from the course textbook to explain these structures and the  benefits of one over the other.
Define the term  “project stakeholders,” identify the stakeholders involved with  your project, and discuss their impact/role on the project.
Discuss some of the best practices for estimating and developing a project budget.
Chapter 5 in the course textbook discusses budgets.
Use at least three sources to support your writing. Choose sources that are credible,  relevant, and appropriate. Cite each source listed on your source page at  least one time within your assignment. For help with research, writing, and citations, access the library.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Be sure to include a cover page and Sources list. Note: the cover page and Sources list is not included in the 3–4 page count requirement. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:
Draft a project plan  that includes goals and objectives, recommended structure, and  stakeholders for a successful project.

 

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