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Homework answers / question archive / In order to complete this assignment successfully, you will need to develop the foundational elements of the project management plan for your capstone project
In order to complete this assignment successfully, you will need to develop the foundational elements of the project management plan for your capstone project. This assignment is worth 30% of your final grade, and you will have the opportunity to submit it in three parts.
This assignment is a group assignment, so you will work with the other members of your project team to develop the three baselines for your project plan.
2. AssignmentScope
With an approved project charter, you will start by defining your projects scope in detail and establish your scope baseline. You will then develop a schedule for all of your project’s activities and tasks, to define the schedule baseline. The final piece of the assignment will have you estimate the project cost and define the cost baseline and funding requirements. Each of the baselines will require you to define a management plan.
3. Deliverables
A completed set of baselines that establish the “Iron Triangle”. The foundation of your project management plan in MS Word format that includes a MS Project file and all the items in the high-level requirements.
2
4. PartA
This must include:
? Your approved project charter.
? Assumption log. This should include any assumptions made while creating your charter along with anynew assumptions made while creating your scope baseline.
CAPSTONE ASSIGNMENT 2 “THE IRON TRIANGLE” September 13, 2021 OVERVIEW 1. Assignment Background and Description In order to complete this assignment successfully, you will need to develop the foundational elements of the project management plan for your capstone project. This assignment is worth 30% of your final grade, and you will have the opportunity to submit it in three parts. This assignment is a group assignment, so you will work with the other members of your project team to develop the three baselines for your project plan. 2. Assignment Scope With an approved project charter, you will start by defining your projects scope in detail and establish your scope baseline. You will then develop a schedule for all of your project’s activities and tasks, to define the schedule baseline. The final piece of the assignment will have you estimate the project cost and define the cost baseline and funding requirements. Each of the baselines will require you to define a management plan. 3. Deliverables A completed set of baselines that establish the “Iron Triangle”. The foundation of your project management plan in MS Word format that includes a MS Project file and all the items in the high-level requirements. 1 4. Part A (Scope Baseline) due Friday, Sept 17th, 2021 @ 11:59PM (10%) This must include: ? ? ? ? ? ? ? Your approved project charter. Assumption log. This should include any assumptions made while creating your charter along with any new assumptions made while creating your scope baseline. Requirements Management Plan Scope Management Plan Scope Statement WBS. This is to be completed in MS Project, and needs to be elaborated to at least three levels deep (0 being the first level). Use the notes feature on each task to define details of each task. Scope Baseline. The baseline is the combination of the items above, so any missing pieces means you do not have a baseline. Please use the drop box provided on the course Moodle page to submit your work. Do not email this assignment. 5. Part B (Schedule Baseline) due Friday, Sept 24th, 2021 @ 11:59PM (10%) This must include: ? ? ? ? Schedule Management Plan Schedule Baseline Assumption log (keep this current) WBS (updated with activity resources). Your update MS Project file with start, finish, and duration data. Please use the drop box provided on the course Moodle page to submit your work. Do not email this assignment. 6. Part C (Cost Baseline) due Friday, Oct 1st, 2021 @ 11:59PM (10%) This must include: ? ? ? ? ? ? Cost Management Plan Cost Estimates Cost Baseline (Time phased Project Budget) Assumption log (keep this current) WBS (updated with activity resources and costs) A change log must be submitted to detail the changes in the WBS. Please use the drop box provided on the course Moodle page to submit your work. Do not email this assignment. 7. Organizational Process Assets Your assignment should use the book of forms, the book of techniques, and the PMBOK guide, as the standard for any documents submitted. If there is a form available, use it! 2 PRM1009-July-2021: Assignment # 2 - Part A Rubric – Scope (10%) Assignment Due Date: Sept 17th @ 11:59PM Criterion Below Expectations (Score 0 if element is (1) absent) Assignment formatting Project Charter Requirements Management Plan Meets Expectations (2) Easy to read and interpret. No spelling or grammar errors. Missing or incomplete supporting Includes your project charter documentation Includes a Requirements Includes a Requirements Management Plan using BoF1 management plan Form # 2.4 Exceeds Expectations (3) Consistent formatting throughout assignment. Very easy to read and interpret. No spelling or grammar errors. Updated based on feedback from Assignment # 1 Demonstrates understanding of the form purpose and knowledge of individual fields Demonstrates understanding of the form purpose and knowledge of individual fields Demonstrates understanding of the form purpose and knowledge of individual fields Scope Management Plan Includes a Scope management plan Includes a Scope Management plan using BoF1 Form # 2.3 Scope Statement Includes a Scope Statement plan Includes a Scope Statement plan using BoF1 Form # 2.7 WBS included with only 2 levels of depth WBS included with at least 3 levels of depth WBS includes WBS dictionary, and is in a MS Project file Includes an assumption log Includes most elements described in section 4.1.3.2 of PMBOK (pg. 86). Must use the template from the book of forms. Includes all elements of an assumption log, with assumptions within the context of the project. MUST INCLUDE A Group Activity Log Zero grade on assignment if missing Incomplete Includes details of how each team member contributed Current state of assumptions must be clearly stated. Actions must have begun to turn assumptions into facts. Includes complete details of the activities required to complete this assignment, amount of time spent, the tools and techniques used including amount of time spent, TOTAL (/24) Work Breakdown Structure (WBS) 1 Typographical errors, Spelling errors. Grammar errors. Difficult to read and interpret Late Penalty: 2 points per day late to maximum of 50% of grade – BoF: The Project Manager’s Book of forms Center for University Teaching, Learning, & Assessment uwf.edu/cutla Score REQUIREMENTS MANAGEMENT PLAN Project Title:Click here to enter text. Collection: Date: Click here to enter a date. Describe how requirements will be collected or elicited. Consider techniques such as brainstorming, interviewing, observation, etc. Analysis: Describe how requirements will be analyzed for prioritization, categorization, and impact to the product or project approach Categories: Identify categories for requirements such as business, stakeholder, quality, etc. Documentation: Define how requirements will be documented. The format of the requirements document may range from a simple spreadsheet to more elaborate forms containing detailed descriptions and attachments Prioritization: Identify the prioritization approach for requirements. Certain requirements will be nonnegotiable, such as those that are regulatory or those that are needed to comply with the organizations policies or infrastructure. Other requirements may be nice to have, but not necessary for functionality Metrics: Document the metrics that requirements will be measured against. Traceability Structure: Identify the information that will be used to link requirements from their origin to the deliverables that satisfy them. Tracking: Describe how often and what techniques will be used to track progress on requirements Reporting: Describe how the reporting on requirements will conducted and the frequency of such reporting Validation: Identify the various methods that will be used to validate requirements such as inspections, audits, demonstrations, testing, etc. Configuration Management: Describe the configuration management system that will be used to control requirements, documentation, the change management process, and the authorization levels needed to approve the changes. CAPSTONE PROJECT CHARTER Assignment 1 Mr Michael Wilson, PMP Giovonni Davis A00223608 Contents EXECUTIVE SUMMARY ............................................................................................................... 1 BUSINESS CASE........................................................................................................................... 1 PROJECT CHARTER ..................................................................................................................... 2 Project Purpose ...................................................................................................................... 2 High-Level Project Description ............................................................................................... 2 Project Boundaries: ................................................................................................................ 3 Key Deliverables: .................................................................................................................... 3 Overall Project Risk ................................................................................................................ 3 Scope: ..................................................................................................................................... 4 Time ........................................................................................................................................ 4 Cost:........................................................................................................................................ 4 Preapproved Financial Resources .......................................................................................... 4 Project Exit Criteria................................................................................................................. 4 Approvals................................................................................................................................ 4 ASSUMPTIONS LOG .................................................................................................................... 6 EXECUTIVE SUMMARY The continued rapid growth in Canadas’s graduating population brings to mind the reality that in a few years’ time it will become harder to find affordable housing solutions for the students of the country. There are government institutions such as the Ministry of Municipal Affairs and Housing (Ontario) and several private entities who have seen this issue on the horizon and have implemented strategies to provide suitable housing solutions for the future of Sudbury. These solutions came in the form of housing schemes, apartment buildings, and multifamily dwellings, just to name a few. In all of this, not many solutions were being implemented to cater to the housing needs of university graduates, which will provide a ease of owning a house at a earlier age and also at a more affordable cost. The vision of creating affordable housing solutions suitable for university graduates over the region of Sudbury. BUSINESS CASE PROJECT BUSINESS CASE Project Name Affordable Housing for University graduates in Sudbury Project Sponsor Project Manager Date of Project Approval 11/08/2021 Last Revision Date 11/09/2021 Options Considered The project strategy is to see how best house prices can be affordable for individuals who have just re3cently graduated university and is seeking to become homeowners instead of renting. The aim is to make affordable housing with low interests’ rates and low down payments. This will result in housing being more affordable for student who have graduated university and who also have student loan repayments. Benefits More University graduates will become homeowners at a earlier age Home sales increase Happier residents Timescale Initial analysis shows that the system will take approximately 5 years Cost $250,000 per house at 2% down payment and 5% interest Risk As is stands there are a few risk that this project could encounter 1) One standard unit design 2) Lack of loan payment 3) 1 PROJECT CHARTER Project Title: Affordable housing for university Graduate Project Sponsor: Ministry of Municipal Affairs and Housing (Ontario) Date Prepared: 05-09-2021 Project Manager: Mr Michael Wilson Project Customer: University Graduates Project Purpose: The implementation and execution of affordable housing project which seeks to meet the need for sustainable and affordable housing solutions for Sudbury’s grow in population of university graduates of a middle to low-income background: in an effort to quell the obvious upcoming housing situation in Canada. The development will facilitate the construction of 50 two (2) bedroom Single family dwelling units at a cost of 250,000, all to be spread across Sudbury in different locations. This development will lead to more university graduates owning homes at a younger age and at a more affordable cost for the future developments. High-Level Project Description: Build 50 two-bedroom units situated throughout Sudbury. Down payment of 2% for houses at 250,000 CAD Interest rate of 5% for the over a 30-year period Through a keen analysis of Sudbury’s population growth over the years it is evident that there is room for a potential housing issue to arise in coming years; where not enough housing solutions will be present to accommodate the growing nation. There are organizations who have realized this and capitalized on the opportunity to put mitigating strategies in place to resolve this issue, such as building housing schemes, apartments, and multi-family dwellings. However, the needs grow higher each year which makes it harder and more expensive for individuals to acquire housing especially for university graduates who is seeking to stay in Sudbury, who are of a certain financial background. 2 Project Boundaries: The entire project must be done at a reasonable cost in order for housing units to be affordable as well as the investors will make returns on the investment. Material cost for houses should be up to modern day building code standards. Key Deliverables: ? To meet the specifications outlined by the sponsor regarding the details of the design. ? Preparation of building design documents to the requirements of the local regulatory bodies. ? Completely constructed and finished fifty (50) two (2) bedroom single units to the approved specifications and requirements outlined. ? Completed amenities to their required specifications outlined. Overall Project Risk • • • Labour Shortage Natural Disasters & Hazards One standard unit design • Lack of loan payment 3 Scope: This project is geared at the construction of affordable housing solutions for Sudbury university graduates, through the Ministry of Municipal Affairs and Housing (Ontario); based on their specifications and the technical requirements of the nation’s regulatory bodies. In an effort to meet the growing rise in demand for housing solutions of this calibre to benefit the future citizen the nation. The project works will include ongoing daily operations which will be closely monitored to maintain quality of deliverables. The allocated funds for the development will be managed by the project manager through the cost management plan. Any changes to the scope leading to changes in the cost of work is to be justified and presented to the project sponsor for approval. In concluding the project all final documents and the proposed development should be completed, signed off and submitted to the project sponsors. Time Fifty (50) two-bedroom units to be built in and around Sudbury in a 5-year span. Cost: The projected budget for the project is 12,000,000 CAD Preapproved Financial Resources: Funds are to be allocated by the project sponsor for the building of the housing units, any exceed in cost the project manager will be informed prior to the purchase or decision. Project Exit Criteria: All fifty (50) housing units pass mandatory building inspections by the building officers as well as the fire department. Approvals: 4 Click here to enter text. Click here to enter text. Project Manager Signature Sponsor or Originator Signature Click here to enter text. Click here to enter text. Project Manager Name Sponsor or Originator Name Click here to enter text. Click here to enter text. Date Click here to enter a date. Date Click here to enter a date. 5 ASSUMPTIONS LOG ID Category Assumption/Constraint Responsible Due Date Actions Status Party 001 Resources I assume that the materials Project needed for the building of each Manager 9/9/2021 Project manager will meet with Open sellers for resources, also housing units will be readily contractors who are bidding for available to the project as well as the project. the other resources needed such as workers and machines. 002 Budget I assume that the project will run Government, 10/15/2021 The governing polices along with on the predicted budget, there Project investor will discuss the budget are some contingencies in case Manager and with the project manager and the project runs slightly over the Investor contractor. Open budget. The projected time for every unit 003 Scheduling Project manger A effective time line will be to be completely built is 5 years discussed for each portion of the which should go according to project over the 5 year span. plan 6 Open The allocated budget will be paid 004 Finances Investors for by our government as well as 11/6/2021 Finances are being given out so Open project can commence external investor 005 Planning/ Execution I assume hat the Project manger Project manger, Project managers oversee the and his team will execute the Contractor project as planned and will be project a\ensuring and reports to the investors. professional and delivery in the allotted time.
