Assessment 1 Instructions:
Budget Analysis and Cost Estimating
Create a budget analysis report of the current failed project and a project estimation report for the turnaround project.
This portfolio work project, a budget analysis and cost estimating artifact, is based on your selected business or IT project. You may choose to base your assessment on the Revive LLC case study for the development of a new online employee orientation module, or you may select a company/scenario of your own choosing. Both human resources (HR) and information technology (IT) employees, as well as contractors, will be used in this project.
Reference
Project Management Institute. Guide to the Project Management Body of Knowledge (PMBOKO Guide) — Sixth Edition and Agile Practice Guide. Newtown Square. PA. 2017. Authentic Experience Project Components You will do what is necessary to have the project succeed this time around. Using the Project Revive LLC Scenario or a project of your choosing, you will:
• Assess the failed project by examining the cost estimation process. • Analyze the existing project work breakdown structure (WBS). • Create a new WBS.
Using the original WBS:
• Break down the activities and tasks further into smaller work packages that will not exceed 80 hours of work. • You may also add new activities and tasks that you think are needed to successfully complete the project. • You will use Microsoft Project as the project management software tool to create the new WBS in tabular form.
YouTube has many excellent project management videos that may be helpful to review before completing this assessment.
https://courserooma.capella.edu/webapps/blackboard/content/listContent.jsp?course_id=_343622_1&content_id=_10397618_1 1/5
