Proj592 Course Project Part 1
Course Project Part 1
“Consulting Service”
PROJ592 Project Cost & Schedule Control
Table of Contents Executive Summary/Proposal 3 Project Description 4 WBS (Work Breakdown Structure) 5 Capital Cost Estimates 6 Advanced Cost Estimating Technique 7 Cost Assumptions 9 Financial Analysis 10 Schedule 11
Executive Summary/Proposal
The Consulting Service Company will lean on its relationships that have been built in the project management industry to take full advantage of an opportunity of a lifetime. We are looking to break into an industry that is not accustomed to utilizing project management to manage their office activities. Law firms are a new industry in which the project management professionals are embarking upon. Project Management usage is predominate in the Information Technology industry and is still growing very fast. I think this is an opportunity for Freeman Consulting to work its way into the hearts of the lawyers, one office at a time, showing how project management can provide techniques to improve their day-to-day operations.
The company will begin working out of a home. Therefore, cost will not extend past the startup cost of $50,000, of which the company will supply $4,000. Based on preliminary estimates, the company will be expecting revenues of approximately $15,336 and a net income of $1,278 per month. Assuming the net income holds true the payback on the $46,000 of capital required is five years. The Net Present Value of the project is approximately $23,000 assuming a 10% discount rate for 5 years.
Given that it is able to raise the required capital, the project would immediately begin the process of performing market research to truly understand the law firm sector and what areas and law focus should be the focus.
All indications show that this project is poised for success. In order to capitalize on this opportunity, the startup capital of $46,000 is needed at this present time. I am confident
“Consulting Service”
PROJ592 Project Cost & Schedule Control
Table of Contents Executive Summary/Proposal 3 Project Description 4 WBS (Work Breakdown Structure) 5 Capital Cost Estimates 6 Advanced Cost Estimating Technique 7 Cost Assumptions 9 Financial Analysis 10 Schedule 11
Executive Summary/Proposal
The Consulting Service Company will lean on its relationships that have been built in the project management industry to take full advantage of an opportunity of a lifetime. We are looking to break into an industry that is not accustomed to utilizing project management to manage their office activities. Law firms are a new industry in which the project management professionals are embarking upon. Project Management usage is predominate in the Information Technology industry and is still growing very fast. I think this is an opportunity for Freeman Consulting to work its way into the hearts of the lawyers, one office at a time, showing how project management can provide techniques to improve their day-to-day operations.
The company will begin working out of a home. Therefore, cost will not extend past the startup cost of $50,000, of which the company will supply $4,000. Based on preliminary estimates, the company will be expecting revenues of approximately $15,336 and a net income of $1,278 per month. Assuming the net income holds true the payback on the $46,000 of capital required is five years. The Net Present Value of the project is approximately $23,000 assuming a 10% discount rate for 5 years.
Given that it is able to raise the required capital, the project would immediately begin the process of performing market research to truly understand the law firm sector and what areas and law focus should be the focus.
All indications show that this project is poised for success. In order to capitalize on this opportunity, the startup capital of $46,000 is needed at this present time. I am confident