Acquisition Project Scheduling and Cost Management Plan. 3,000–6,000 words (10–20 pages) total ⦁ Acquisition Project Scheduling and Cost Management Plan document shell ⦁ Use Word ⦁ Title page ⦁ Course number and name ⦁ Project name ⦁ Your name ⦁ Date ⦁ Table of Contents (TOC) ⦁ Use an autogenerated TOC. ⦁ This should be on a separate page. ⦁ This should be a maximum of 3 levels deep. ⦁ Section headings ⦁ Project Outline ⦁ Cost, Schedule, and Technical Performance Management ⦁ Management of Small Projects ⦁ Acquisition Project Guidelines ⦁ Costing Methods and Tools ⦁ Earned Value Management System (EVM) ⦁ Overall Cost and Schedule Performance ⦁ Content to be inserted in document shell ⦁ Project Outline ⦁ Give a brief description of the project. ⦁ Discuss the overall project deliverable. ⦁ The material can be taken from approved proposal submitted to instructor, and this will serve as the draft for the proposal. ⦁ Be sure this project is approved by the instructor. ⦁ Cost, Schedule, and Technical Performance ⦁ Discuss cost techniques both in determining initial estimates and in monitoring and controlling them throughout the life of the project. ⦁ Determine the project schedule for the acquisition component of the overall project and include a copy of it. ⦁ Develop the program evaluation and review technique (PERT) and critical path method (CPM) for this Key Assignment acquisition project, and include copies of those charts in this section. ⦁ Describe all of the key schedule influencers that can impact a schedule positively or negatively and how you would handle them. ⦁ Management of Small Projects ⦁ Develop your small acquisition project schedule using MS Project (tasks, predecessors, duration, and resources assigned). ⦁ Copy a screen print of the schedule and Gantt chart into this shell. ⦁ Copy a screen print of the critical path network diagram, or of the Gantt screen of the Tracking Gantt view showing the critical path into this shell. ⦁ Describe the specific processes that you will use within each of the 5 Project Management Institute (PMI®) process groups: initiating, planning, executing, monitoring, and controlling and closing. ⦁ Acquisition Project Guidelines ⦁ Update the project plan and Gantt chart with acquisition project activities with MS Project, and copy it into this section. ⦁ Develop a request for proposal (RFP) template for the acquisition project. ⦁ Develop a table with the vendor evaluation criteria. ⦁ Diagram and describe the vendor status update process. ⦁ Costing Methods and Tools ⦁ Select 2 of the costing methods, and discuss why they will support developing a realistic budget. ⦁ Provide an example of computations for a few of the activities for the 2 selected methods. ⦁ Fill in a table similar to the example table so that your 2 different total project budgets are based on the 2 selected methods. ⦁ Discuss what type of contingency budget you will put in place based on the 2 budgets to mitigate an underestimation. Apply two of the following methods to determine a worst-case scenario budget: ⦁ Expert judgment ⦁ Analogous estimating ⦁ Parametric estimating ⦁ Bottom-up estimating ⦁ Three-point estimating ⦁ Reserve analysis ⦁ Cost of quality ⦁ Project management estimating software Vendor bid analysis Please put your calculations in a spreadsheet similar to the following: ⦁ Earned Value Management System ⦁ Discuss how an earned value analysis will be utilized for this project or Key Assignment, including the formulas to compute earned value analysis (EVA). ⦁ Cover the following 4 scenarios and what you should do: ⦁ Behind schedule and over budget: Include a sample calculation that would trigger this interpretation, along with a graph. ⦁ Ahead of schedule and on budget: Include a sample calculation that would trigger this interpretation, along with a sample graph. ⦁ Behind schedule and on budget: Include a sample calculation that would trigger this interpretation, along with a sample graph. ⦁ Ahead of schedule and under budget: Include a sample calculation that would trigger this interpretation, along with a sample graph. ⦁ Discuss for each of the above situations how you compute the final cost and end date if nothing changes with its present state. ⦁ Overall Cost and Schedule Performance ⦁ Discuss how you will monitor progress. ⦁ Discuss what metrics, reports, and graphs you will use to monitor progress. ⦁ Discuss how they would determine the cause of the variation. ⦁ Discuss how you will respond to deviations; (specifically around schedule compression and a contingency budget).
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