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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
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
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