• Types of Estimates – Top-down (macro) estimates: analogy‚ group consensus‚ or mathematical relationships – Bottom-up (micro) estimates: estimates of elements of the work breakdown structure Why Estimating Time and Cost Are Important • Estimates are needed to support good decisions. • Estimates are needed to schedule work. • Estimates are needed to determine how long the project should take and its cost. • Estimates are needed to determine whether the project is worth doing. • Estimates are
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realization of things I take from this course. Planning a scope is probably the most important step of starting any project. In the Huntsville Plant Project‚ I created a Project Charter‚ wrote a Scope Statement‚ and prepared a two-level Work Breakdown Structure (WBS). The three items comprised the bulk of the scope planning. The Project Charter was a high-level document describing the key stakeholders authorizing the start of the project. It also included brief mission statement‚ summarization
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search-engine optimization to receive responses through the internet Ensure visibility on social media sights such as LinkedIn and Facebook Strategies for Interpretation of Project Scope Understanding the limitations of the scope will help with building work packages and
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software case 15% 18 September 5:00pm (Week 8) to LMS only Your task is to construct a network diagram for this project‚ identify the critical path and address a number of managerial issues. Given the case presentation‚ you will extract a work breakdown structure and an activity list. Enter your project data on to MS Project. Save the project baseline. This represents the half the assignment grade because it evaluates your use of the project management software.You will find that there is a difficulty
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MGT 172 A08836968 HW #1 1. Make a list of the major deliverables for the project and use them to develop a draft of the work breakdown structure for the tournament that contains at least three levels of detail. What are the major deliverables associated with hosting an event such as a soccer tournament? Some of the major deliverables of soccer tournament should be the stadium‚ workers (referee‚ security)‚ food venues‚ local advertisement‚ sponsors‚ teams‚ event insurance and safe environment
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The project terminal elements are the lowest element within a schedule that are not subdivided but estimated in terms of a resource requirement‚ a budget and duration. The project schedule is use by the project manager as a tool for the work breakdown structure known as the WBS. The project schedule remains preliminary until the resource assignments have been confirmed‚ however it may be presented in a summary form‚ a tabular or in detail form. Provide an example of a project milestone. Is the
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patients Meeting with experts Discussion with stakeholders Document current system Owner‚ Project Manager and Operation Manager Indep 2. Objectives and Requirement Scope: Business needs‚ requirements‚ deliverables‚ constraints and work breakdown structure Schedule: Activities schedule and project milestones Costs: Project budget and its funding approach Procurements: Required procurements and purchase processes Owner‚ Project Manager and Operation Manager Indep 3. Design Infrustructure
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represents overhead cost. Indirect cost varies directly in time. For instance‚ if our daily overhead cost is 250 euro‚ any reduction in project duration has to represent a saving of 250 euro per day. Project direct cost is clearly charged to a specific work package such as labor‚ materials and equipments. In order to create a cost-duration graph we have to apply three major steps: 1. Find total costs for selected project duration. 2. Find indirect cost 3. Calculate direct and indirect cost
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Pinafore Project software case 30% 18 April 5:00pm on LMS Your task is to construct a network diagram for this project‚ identify the critical path and address a number of managerial issues. Given the case presentation‚ you will extract a work breakdown structure and an activity list. Enter your project data on to MS Project. Save the project baseline. This represents the half the assignment grade because it evaluates your use of the project management software. You will find that there is a difficulty
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and some modern construction techniques. The project will begin with mobilizing equipment‚ preparing a staging area‚ and some minor demolition work - activities that are expected to last approximately eight weeks. Once the site is ready and all equipment mobilized‚ the work can start simultaneously on both the structure and the playing field. The work in the field involves excavation for installation of a new subsurface irrigation‚ drainage and heating facilities. This activity is followed by
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