Project cost and quality management


Week3                  Project Cost and Quality Management




  1.  Supporting Activity: Cost and Time


Write a 200- to 300-word short-answer response to the following:


•While cost and time are critical components of projects, how would you define the quality of a project? Provide some examples of project reporting metrics a project manager could use to measure and communicate the status of quality during a project.


  1.  Supporting Activity: Dependency Types


•Provide real-world examples of activities where each dependency type is used: finish-to-start, start-to-start, finish-to-finish, and start-to-finish.


  1.  Supporting Activity: Metrics


•Which metric does a project manager have most control over: cost variance, schedule variance, cost performance index, and schedule performance index? Explain how so. Which one does a project manager have least control over?




Write a 100- to 200-word short-answer response to the following:




  1. The Nature of Information Technology Projects



What is a methodology? What are the advantages of following a methodology when developing an information system? Information Technology Project Management




  1. The Nature of Information Technology Projects


What is project management?






  1. Conceptualizing and Initializing the IT Project


Describe the project life cycle (PLC) and the systems development life cycle (SDLC), and their relationship?




7.         Conceptualizing and Initializing the IT Project


What is fast tracking? When should fast tracking be used? When is fast tracking not appropriate?




  1. Conceptualizing and Initializing the IT Project


Why is it important to have deliverables for each phase of the IT project methodology?










Individual:  Project Budget




The project for the company offsite 2-day training session has been given a preliminary go-ahead. However a budget needs to be submitted for approval.




Write a 2- to 3-page memo explaining the financial implications of your project that does the following.




• Adds costs estimates to your resources (both labor and material) – Refer to websites like the United States Department of Labor for estimates.


• Adds estimates for all task duration and sequencing of tasks (including precedence relations)


•Summarizes any relevant facts about the project duration, number or type of resources, critical task sequencing, and how duration estimates were arrived at


•Highlights if there are any milestones for your project




Include a Microsoft® Project Gantt chart, as an attachment, showing the WBS of tasks (with dependencies) and task sequences, along with any budget or cost reports to support your memo.








Learning Team: Project Schedule




We are doing our project   Riordan Manufacturing




Choose a project involving an IT requirement with multiple tasks and human resources. This project must come from a business situation—for example, hardware procurement and installation, network acquisition, implementation, or expansion—in which each Learning Team member contributes background details.




Project Charter (Due in Week Two)




This is a consolidated source of information which lays the foundation for successful completion of any project by identifying your project vision and communicating the overall approach for a project to all key stakeholder audiences.




At a minimum the charter will contain the following:


•Background of the organization and any information or statement of needs that helps explain how the project came to be


•Goals and objectives of the project in language that is both concise and explanatory


•Project scope delineated so that all parties involved are aware of what the project includes as well as what it does not


Budgetary limitations


•Explanation of sponsors, stakeholders, and as well as how the project team is structured so that there will be no confusion concerning roles and responsibilities


•Project approach your team intends to take to fulfill meeting deliverables of the project




Write 3 to 4 pages on your findings








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