[IT301: Project Management I]
Unit 4 Assignment: Project Costs
Outcomes addressed in this activity: Unit Outcomes:
Demonstrate the ability to estimate project costs using three levels of estimation Determine project budget/spend plan with baseline
Course Outcomes: IT301-1: Select appropriate project management practices, tools and methodologies for a given project. IT301-2: Create a project plan. Assignment Instructions: Your assignment consists of two parts with three deliverables: Part One: For reference purposes, read the Duration Estimate for the Gauchito reusable commercial launch vehicle entry to the Asari X-Prize competition, and the Duration Estimate you created for your project in Unit 3. Based on your duration estimate, total the skill set labor hours, plug in each skill set labor rate (you set each rate) and build out a definitive cost estimate using Excel. Use the Generic Excel Workbook as your guide and Appendix E: Cost Rollup Estimates from the Gauchito Project Plan Final file in Doc Sharing for an example (pp. 119-120). Remember to cross-check yourself against the grading rubric to ensure you address each and every grading criterion. Part Two: Using the example in the Gauchito rocket project documents and using the example of building a project spend plan or budget with cumulative cost curve (S-Curve or Project Baseline) from the file “Building the BCWS.xls,” build a project spend plan or budget for your project, with a cumulative cost curve or project baseline. Use the Generic rocket project workbook in Doc Sharing and the Gauchito Cost Management Plan (pp.40-50) and the S-curve shown in Fig. 4-2 on p. 47 of the Gauchito Project Plan Final file in Doc Sharing for your examples. Remember to cross-check yourself against the grading rubric to ensure you address each and every grading criterion. Directions for Submitting your Assignment When you have completed your assignment and checked it against the requirements in the rubric,...
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