Project Management I] Unit 4 Assignment: Project Costs Outcomes addressed in this activity: Unit Outcomes: ? ? Demonstrate the ability to estimate project costs using three levels of estimation Determine project budget/spend plan with baseline Course Outcomes: IT301-1: Select appropriate project management practices, tools and methodologies for a given project. IT301-2: Create a project plan.Assignment Instructions: Your assignment consists of two parts with three deliverables: Part One: For reference purposes, read the Duration Estimate for the Gauchito reusable commercial launch vehicle entry to the Asari X-Prize competition, and the Duration Estimate you created for your project in Unit 3.
Based on your duration estimate, total the skill set labor hours, plug in each skill set labor rate (you set each rate) and build out a definitive cost estimate using Excel. Use the Generic Excel Workbook as your guide and Appendix E: Cost Rollup Estimates from the Gauchito Project Plan Final file in Doc Sharing for an example (pp. 19-120). Remember to cross-check yourself against the grading rubric to ensure you address each and every grading criterion. Part TwoUsing the example in the Gauchito rocket project documents and using the example of building a project spend plan or budget with cumulative cost curve (S-Curve or Project Baseline) from the file “Building the BCWS. xls,” build a project spend plan or budget for your project, with a cumulative cost curve or project baseline.
Use the Generic rocket project workbook in Doc Sharing and the Gauchito Cost Management Plan (pp. 0-50) and the S-curve shown in Fig. 4-2 on p. 47 of the Gauchito Project Plan Final file in Doc Sharing for your examples. Remember to cross-check yourself against the grading rubric to ensure you address each and every grading criterion. Directions for Submitting your Assignment When you have completed your assignment and checked it against the requirements in the rubric, zip your assignment as IT301_YourName_Unit4.
zip. Submit the file to the Dropbox for Unit 4. Assignment Requirements Written work should be free of spelling, grammar, and APA errors. Points deducted rom the grade for each writing, spelling, or grammar error are at your instructor’s discretion.
Please be sure to download the file “Writing Center Resources” from Doc Sharing to assist you with meeting APA expectations. Review the grading rubric below before beginning this activity. 1 Unit 4 [IT301: Project Management I] Assignment 4 grading rubric = 55 points Assignment Requirements Points possible Points earned by student 1. Durations reflect Task totals that match with deliverables. (Definitive Cost Estimate) 2. Sub-Task totals are properly calculated.
(Definitive Cost Estimate) 3.Work Packages total to Sub-Tasks correctly. (Definitive Cost Estimate) 4. The Levels of Effort reflect effort correctly.
(Definitive Cost Estimate) 5. Skill-Sets are totaled correctly. (Definitive Cost Estimate) 6. Skill-Set costs reflect rates and man-hour totals. (Definitive Cost Estimate) 7.
The duration total matches the total of all skill-sets. (Definitive Cost Estimate) 8. Calculated based on labor, material and equipment over time increments. (Budget or Spend Plan) 9. Labor is calculated on blended rates or each skill rate is formulated into the budget.
Budget or Spend Plan) 10.Time increments equally divided (years, months, weeks, or days). (Budget or Spend Plan) 11. Time increments totaled accurately using formulae.
(Budget or Spend Plan) 12. Cumulative totals accurately formulated. (Budget or Spend Plan) 13. Project baseline accurately charted to reflect the project cumulative costs with EAC. (Budget or Spend Plan) Total (Sum of all points) Points deducted for spelling, grammar and/or APA errors. Plagiarism is totally unacceptable.
Adjusted total points 0-4 0-4 0-4 0-5 0-5 0-5 0-4 0-4 0-4 0-4 0-4 0-4 0-4 2
