{"id":32843,"date":"2022-02-14T14:06:35","date_gmt":"2022-02-14T14:06:35","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/cost-model-cmgt410-project-planning-and-implementation-university-of-phoenix\/"},"modified":"2022-02-14T14:06:35","modified_gmt":"2022-02-14T14:06:35","slug":"cost-model-cmgt410-project-planning-and-implementation-university-of-phoenix","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/cost-model-cmgt410-project-planning-and-implementation-university-of-phoenix\/","title":{"rendered":"Cost model | CMGT410 Project Planning And Implementation | University of Phoenix"},"content":{"rendered":"<div>\n<p>\u00a0\u00a0<\/p>\n<p>Tony Prince and his team are working on the Recreation and Wellness Intranet Project. They have been asked to refine the existing cost estimate for the project so they can evaluate supplier bids and have a solid cost baseline for evaluating project performance. Recall that your schedule and cost goals are to complete the project in 6 months for under $200,000.<\/p>\n<p>Use the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/myresource.phoenix.edu\/secure\/resource\/CMGT410v20\/cmgt410_v20_cost_estimate.xlsx\">Cost Estimate template<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/myresource.phoenix.edu\/secure\/resource\/CMGT410v20\/cmgt410_v20_cost_baseline.xlsx\">Cost Baseline template<\/a> to assist with this assignment.<\/p>\n<p><strong>Tasks<\/strong><\/p>\n<ul>\n<li>Prepare and upload a 1-page cost model for this project \u00a0\u00a0\u00a0\u00a0\u00a0using spreadsheet software. Use the following work breakdown structure \u00a0\u00a0\u00a0\u00a0\u00a0(WBS), and document your assumptions in preparing the cost model. Assume a \u00a0\u00a0\u00a0\u00a0\u00a0labor rate of $100 per hour for the project manager and $60 per hour for \u00a0\u00a0\u00a0\u00a0\u00a0other project team members. Assume that none of the work is outsourced, \u00a0\u00a0\u00a0\u00a0\u00a0labor costs for users are not included, and there are no additional \u00a0\u00a0\u00a0\u00a0\u00a0hardware costs. The total estimate should be $200,000.<\/li>\n<\/ul>\n<ol>\n<li>Project management<\/li>\n<li>Requirements definition<\/li>\n<li>Website design<\/li>\n<\/ol>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0a. Registration for recreational programs<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0b. Registration for classes and programs<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0c. Tracking system<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0d. Incentive system<\/p>\n<ol>\n<li>Website development<\/li>\n<\/ol>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0a. Registration for recreational programs<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0b. Registration for classes and programs<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0c. Tracking system<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0d. Incentive system<\/p>\n<ol>\n<li>Testing<\/li>\n<li>Training, rollout, and support<\/li>\n<\/ol>\n<ul>\n<li>Using the cost model you created in the first task, \u00a0\u00a0\u00a0\u00a0\u00a0prepare a cost baseline by allocating the costs by WBS for each month of \u00a0\u00a0\u00a0\u00a0\u00a0the project.<\/li>\n<li>Assume that you have completed 3 months of the project. \u00a0\u00a0\u00a0\u00a0\u00a0The BAC was $200,000 for this 6-month project. You can also make the \u00a0\u00a0\u00a0\u00a0\u00a0following assumptions:<\/li>\n<li>PV=$120,000<\/li>\n<li>EV=$100,000<\/li>\n<li>AC=$90,000<\/li>\n<\/ul>\n<p>a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?<\/p>\n<p>b. Use the CPI to calculate the estimate at completion \u00a0\u00a0\u00a0\u00a0\u00a0(EAC) for this project. Is the project performing better or worse than \u00a0\u00a0\u00a0\u00a0\u00a0planned?<\/p>\n<p>c. Use the SPI to estimate how long it will take to finish \u00a0\u00a0\u00a0\u00a0\u00a0this project.<\/p>\n<p>After completing your charts, <strong>write<\/strong> a 150-word follow-up in which you complete the following:<\/p>\n<ul>\n<li>Explain how the project is doing based on the CPI and \u00a0\u00a0\u00a0\u00a0\u00a0SPI. Is it ahead of schedule or behind? Is it under budget or over?<\/li>\n<li>Describe the strategies or steps that should be taken \u00a0\u00a0\u00a0\u00a0\u00a0for human resource management to avoid additional costs.<\/li>\n<li>Describe the strategies or steps that should be taken \u00a0\u00a0\u00a0\u00a0\u00a0for resource activity management to avoid additional costs.<\/li>\n<li>Recommend 2 tools to support these strategies and \u00a0\u00a0\u00a0\u00a0\u00a0explain why these tools would be beneficial.<\/li>\n<\/ul>\n<p><strong>APA format!\u00a0<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0\u00a0 Tony Prince and his team are working on the Recreation and Wellness Intranet Project. They have been asked to refine the existing cost estimate for the project so they can evaluate supplier bids and have a solid cost baseline for evaluating project performance. Recall that your schedule and cost goals are to complete the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-32843","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/32843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=32843"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/32843\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=32843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=32843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=32843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}