CP1 Essay

Topics: Project management, Risk management, Management Pages: 3 (1082 words) Published: June 1, 2014


Step 3: Answer the following essay question

Answer the following essay question
Now that your project schedule has been created, your resources have been loaded, and your resource costs have been allocated, please analyze your results and answer the following questions. After you enter all of your resources, answer the following questions: 1. What is your total budget for this project? Was the project within the budget as set forth by the board of directors? 2. What is your budget for the Planning Phase? What is the Planning Phase duration in weeks? 3. What is your budget for the Preparation Phase? What is the Preparation Phase duration in weeks? 4. As your project launches, what are some of the key performance indicators that you will monitor and control? Why are these performance indicators critical to manage during the project? Formulate the above responses into a two to three page essay report. Remember, the report must be to a level of clarity and depth that would be readily understood by the executive management. Do support your analysis with both in-text citation and references from the textbook, PMBOK or other juried sources. Include a cover sheet and a reference page. Use APA Style format, spacing double, one inch margins, Times New Roman, 12 point font size. Course Project: Week 5

Deliverables | Step 1: Update MS Project with Fixed Cost Information | Step 2: Update MS Project with Variable Cost Information | Step 3: Answer the following essay question

Deliverables

Now that your project schedule has been created and your resources have been loaded, it is very important to perform risk management This week, you will have two deliverables.
Create risk matrix and a risk management plan, and address how your risk response plans would be addressed in your essay— What will be the Duration and Cost impact to each risk
Risk Step 1: Using the Risk Matrix in Doc Sharing, identify five risks that could occur on this project, and...
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