Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assignment 1 Project Cost Management Assignment: Enhancing a Work Breakdown Structure ( WBS ) in MS Project or ProjectLibre Background: This assignment requires using ProjectLibre,

Assignment 1
Project Cost Management Assignment: Enhancing a Work Breakdown Structure (WBS) in MS Project or ProjectLibre
Background:
This assignment requires using ProjectLibre, an open-source project management software or MS Project, to enhance an existing Work Breakdown Structure (WBS) and understand the assignment and management of project resources.
The existing WBS consists of 4 elements: Initiation, Planning, Execution, and Closure.
Task:
1. WBS Expansion:
Starting with the existing WBS elements, expand the WBS to include at least 10 elements. This can be accomplished by further breaking down the existing elements or adding new ones. Please remember that each element should represent a manageable work package.
2. Resource Creation and Cost Assignment
In the project file, create four distinct resources: Project Manager, Designer, Coder, and Tester. For each of these resources, set an hourly cost. This cost is used to simulate the cost implications of resource allocation.
3. Resource Assignment
After creating the resources, assign them to the respective WBS elements. Each resource should be connected with one or more WBS elements, demonstrating the association of workforce with project tasks.
Deliverables:
An enhanced ProjectLibre file or MS Project file with an expanded WBS (with at least 10 elements).
Assessment Criteria:
Quality and logical structure of the expanded WBS. Accuracy in the creation and cost assignment of resources. Appropriate assignment of resources to WBS elements.
Rubric:
Criteria
0-1
1.1-2
2.1-3.5
WBS Expansion
Less than 10 unclear elements.
10 elements with some lacking clarity.
At least 10 clear, detailed elements.
Resource Creation and Costing
Fewer than four resources; no costs.
Four resources; inconsistent costs.
Four resources; realistic, consistent costs.
Resource Assignment
No or inappropriate assignments.
Mostly correct assignments.
All resources logically assigned.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Analysis For Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

11th Edition

9780132997621, 132149117, 132997622, 978-0132149112

More Books

Students also viewed these General Management questions

Question

Which type of data is not accessed in a derived class?

Answered: 1 week ago

Question

India experiences which type of climate?

Answered: 1 week ago

Question

What is an aquifer?

Answered: 1 week ago