Course: IT Project Management (Project)

Code: IT362

Project Title:

The students should provide a project title

Project Scenario:

The students should propose a valid project scenario ( a brief description about the project) and use this project to answer the questions

1 Mark for choosing a propitiate project title, 1 mark for the project scenario.

6 Marks

Question One

Based on your proposed project, you have been assigned as a project manager and you need to coordinate and manage the project.

Write a description for the project in terms of its scope, time, and cost goals includes at least five requirements in a requirements traceability matrix

Also describe other impacts on a project, such as quality, resources, and risks.

Discuss what went right and wrong on the project and the role of the project manager and sponsor.

Create a project charter based on the assumption that the project will take 4 years to complete. Make a Work Breakdown Structure (WBS) and Gantt Chart using Microsoft Project or similar software and indenting categories appropriately.

Take screenshots and print out the WBS and Gant Chart in suitable format (mind map, chart, and tabular).

.

Project description: 1 Mark

Project impact: 1 Mark

Discussion the roles: 1 Mark

Project charter: 1 Mark

WBS: 1 Mark

Gantt chart: 1 Mark

Learning Outcome(s):

LO4: Evaluate IT project team management, and IT project performance.

5 Marks

Question Two

As a project manager,

Prepare cost model for the project. Use WBS you developed in question 1 and be sure to document your assumptions in preparing the cost model.

Assume a labor rate of $20/hour for yourself (the project manager) and team members. You will pay for your IT guy, $30/hour. The project will fund refreshments for the four shark tank like events and prizes for the winners, at a cost of $1,000 for each event

Develop a list of quality standards or requirements related to meeting the stakeholder expectations described in the proposed scenario and project information in question 1. And determine how you will measure progress on meeting the requirements.

Project Cost model: 2 Marks

List of quality standards: 2 marks

How to measure the progress: 1 mark

Learning Outcome(s):

LO6: Use the strategies for managing change and for assuring quality in the conducted IT project.

5 Marks

Question Three

Perform a financial analysis for the project. Assume that the projected costs and benefits for this project are spread over 4 years as follows:

Estimated costs are $300,000 in Year 1 and $40,000 each year in Years 2, 3, and 4.

Estimated benefits are $0 in Year 1 and $120,000 each year in Years 2, 3, and 4.

Use a 7 percent discount rate, and round the discount factors to two decimal places.

Create a spreadsheet or use any business case financials template to:

calculate and clearly display the NPV, ROI, and year in which payback occurs.

In addition, write a paragraph explaining whether you would recommend investing in this project, based on your financial analysis.

Calculate NPV : 2 Marks

Calculate ROI: 1 Mark

Determine the payback in which year (If possible). 1 Mark

Explain the situation of your project. (Over, under, behind the budget). Write the interpretation of your values 1 Marks

then paste your Excel sheet here including your name(s).

Note: The work should be your own using the tool, copying from students or other resources will result in ZERO marks in whole project.