The NPV of the proposed project is $ 1,316,000 and the payback period of the project is 1 year. The project has avery high ROI that is equal to 39%.
Calculations done in attached excel file in worksheet (business_case_financials)
Assumptions
The project will be done within 6 months.
8% will be assumed as an rate of return.
Costs
Hours
PM (500 Hours, $50/hour)
25000
Staff (1500 hours, $70/hour)
105000
Outsourced Software and Services
10000
Total Project Cots (all applied in year 0)
140000
Benefits
Number of consultants
400
Hours saved
40
$/hour profit
10
Benefits from saving time
160000
Benefits from 1% increase in profits
40000
Total annual projected benefits
200000
Question 2
The basic ingredients for a project management framework may be represented schematically in Figure -1. A working knowledge of general management and familiarity with the special knowledge domain related to the project are indispensable. Supporting disciplines such as computer science and decision science may also play an important role. The representation in Figure -1 reflects only the sources from which the project management framework evolves.
Figure 1: Basic Ingredients in Project Management
Specifically, project management in construction encompasses a set of objectives which may be accomplished by implementing a series of operations subject to resource constraints. There are potential conflicts between the stated objectives with regard to scope, cost, time and quality, and the constraints imposed on human material and financial resources. These conflicts should be resolved at the onset of a project by making the necessary tradeoffs or creating new alternatives.
Main Project Success Criteria:
The Main success criteria for the project is to achieve all the objectives of the project within the specified budget and time without compromising on quality.
Approach:
The approach would be to first select the team of individuals that would be working on this project as soon as possible. For this purpose, the company may opt for internal hiring as well as look for qualified people from around the globe that can join them quickly.
Roles and Responsibilities
Role
Name
Organization/
Position
Contact Information
PM
XXX
BA
John
DA
Matt
IN
Le
MS
Teresa
Question 3 (Attached in mpp.file)
Final Work Breakdown Structure reviewed for Green Computing Research Project
Prepared by:Date:
Initiation
1.1 Kickoff Meeting
1.2 Developing Project Charter
1.2.1 Charter Signed
Planning
2.1 Develop Project Plan
2.2 Review Project Plan
2.3 Approve Project plan
Executing
Analysis
Design
Implementation
System Implemented
Controlling
System Reports
Report Performance
Control Changes
Closing
5.1 Prepare Final Project Report
5.2 Prepare final project presentation
5.3 Write lessons learned
Network Diagram
Question 4
Gantt chart (Also attached in mpp File)
Question 5
After reviewing the WBS and chart Gantt created for Tasks 3 and 4 in part 2, I propose the additional activities below that be added to help me estimate resources and durations.
Under Planning I propose2.1 Hold team planning 2.2 Prepare team contract2.5 prepare schedule and cost baseline 2.5.1 Determine task resource 2.5.2 Determine task duration 2.5.3 Determine task dependencies 2.5.4 review and finalize WBS and Gantt chartUnder communication management I propose 2.7.1 create an issue logUnder risk management I propose 2.8.1 Create a risk register2.8.2 Plot the six risks on a probability/matrixUnderSet up Project Web Site I propose 2.2.1 Obtain Web Location (URL)2.2.2 Lay Out Web Site
I am going to start this description of these new activities by giving the real goal of the ...