Cost model | CMGT410 Project Planning And Implementation | University of Phoenix

 

Open a new Microsoft Word document, Microsoft Excel document, or use the provided template to complete the following tasks.

Tony Prince and his team are working on the Recreation and Wellness Intranet Project. They have been asked to refine the existing cost estimate for the project so they can evaluate supplier bids and have a solid cost baseline for evaluating project performance. Recall that your schedule and cost goals are to complete the project in 6 months for under $200,000.

Use the Cost Estimate template and Cost Baseline template to assist with this assignment.

Tasks

  • Prepare and upload a 1-page cost model for this project using spreadsheet software. Use the following work breakdown structure (WBS), and document your assumptions in preparing the cost model. Assume a labor rate of $100 per hour for the project manager and $60 per hour for other project team members. Assume that none of the work is outsourced, labor costs for users are not included, and there are no additional hardware costs. The total estimate should be $200,000.
  1. Project management
  2. Requirements definition
  3. Website design
  4. Registration for recreational programs
  5. Registration for classes and programs
  6. Tracking system
  7. Incentive system
  8. Website development
  9. Registration for recreational programs
  10. Registration for classes and programs
  11. Tracking system
  12. Incentive system
  13. Testing
  14. Training, rollout, and support
  • Using the cost model you created in the first task, prepare a cost baseline by allocating the costs by WBS for each month of the project.
  • Assume that you have completed 3 months of the project. The BAC was $200,000 for this 6-month project. You can also make the following assumptions:
  • PV=$120,000
  • EV=$100,000
  • AC=$90,000
  1. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?
  2. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
  3. Use the SPI to estimate how long it will take to finish this project.

After completing your charts, write a 150-word follow-up in which you complete the following:

  • Explain how the project is doing based on the CPI and SPI. Is it ahead of schedule or behind? Is it under budget or over?
  • Describe the strategies or steps that should be taken for human resource management to avoid additional costs.
  • Describe the strategies or steps that should be taken for resource activity management to avoid additional costs.
  • Recommend 2 tools to support these strategies and explain why these tools would be beneficial.

Submit your cost model, course baseline, and follow-up.

Premium Custom Essays
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.