This website uses cookies to ensure you have the best experience. Learn more

Pmp Project Essay

630 words - 3 pages

Week 6 Assignment

Our team is building a tree house for a family in their backyard within a residential housing area. The project should be completed in thirty business days with a project budget not to exceed $25,000. All legal permits are required in order to start building, and the tree house is expected to be child safe and weather resistant. As a team we have stayed under budget because we have taken into account periodic costs through our risk analysis.

As a team we have taken into account tree structural issues and periodic costs could incur here because of using more material to either strengthen by reinforcement with more wood and metal. We have taken into account what tools we need and annotated them in our risk analysis with cost over runs. During the project we may need to purchase extra materials and tools prior to the building ...view middle of the document...

00 which includes getting the right personnel, the materials, and the tools for the project. We have higher dollar amounts for pre-phase construction and building phase $10,197.50 because these are the two phases in which problems often times arise, so we went front end heavy on the dollar amount just in case we had to do more with the tree structure. For example, if branches on the tree were not solid enough to support the foundation, more materials will need to be used to make a safe structure. We also took into account weather considerations during the building phase because we may be half way through the project and inclement weather may hit us, so we will need more materials in order to complete the job. This is why we also have two construction workers for this reason. This is a periodic cost we are willing to incur in case of inclement weather, we can get back on schedule. The testing phase has a cumulative cost of $3,800.00, we took into consideration during testing we may need to strengthen, or other improvements needed before we close out the project. This dollar amount is a bit high for testing because we want some room to play with in case we need to make any necessary adjustments as stated previously. Lastly, we come to our closing phase which is the lowest of our dollar amounts for cumulative cost at $2,380.00. This dollar amount represents us finishing the project with painting, cleaning, and last minute touch ups before the family can enjoy the tree house. Below is how we broke down our cost by phase:

When it is all said and done our cumulative cost for this project is $20,837.50. We have taken into account cumulative and periodic costs while maintaining our goal of staying under our $25,000.00 budget. We have taken into account periodic costs in our $20,837.50 budget and we still have an additional $4,162.50 to use in case the tree structure is bad, there is a delay in getting permits (putting us behind schedule), or we encounter inclement weather. Our project thus far is on schedule and under budget.

Other Papers Like Pmp Project

Dq 5 Planning Budget With Risk

930 words - 4 pages above would need to be compliant, from inspection of deliverables to reporting status progress reports and to evaluating the costing status of the project. References Wysocki, R. K (2009),"Effective Project Management: traditional, agile, extreme". 5th ed. Indianapolis: Wiley Publishing. Kerzner, H (2006). Project Management: A system approach to planning scheduling and controlling. 9th. John Wiley & Sons Publishing Sanghera, P. (2010), PMP® in depth: project management professional study guide for the PMP® exam. 2nd ed.

Project Management | Chapter 01 Essay

645 words - 3 pages Management Process FIGURE 1.3 1–11 1–12 3 8/23/2013 An Overview of Project Management 5e. ISO 9000 Program Project Key Terms Project life cycle Project Management Professional (PMP) Sociotechnical perspective 1–13 1–14 4

Educational Requirements for Project Managers

4614 words - 19 pages that would meet the requirements of the role of project manager. within a certain set of restraints i.e. time, money, people, materials, and required quality. Project managers usually have a degree, several years of experience in their field of expertise, and sometimes additional Project management training (like PMP certification). A software project manager is thought to be a project manager with a firm background in software development

Control Mangagment

5828 words - 24 pages activity performed on a project before handoff to the customer. Documents the characteristics of the product or service that the project was undertaken to create. Differs from quality control in that scope verification is concerned with the acceptance – not correctness – of the work results. Source: Ward, J.L, PMP Exam Practice test & Study Guide – 7th Edition, Arlington: ESI 15 Validate Scope Questionson Which of the following is the KEY

Project Risk Management

1020 words - 5 pages resource estimates of course leading to budget overrun and time of project completion. References: Consortiumnews.com, Enron’s India Disaster. Hillson. D, Simon. P, Practical Project Risk Management, The Atom Methodology. Kim. Heldman, PMP Project Manager’s Spotlight on Risk Management.

Careers in It Journal: Salary

1134 words - 5 pages position listed required PMP certification, all the other listings listed PMP certification as either preferred or a plus. Further research found that if seeking a similar position in Los Angeles, California you would need to make 41% more in order to satisfy the lifestyle one would be accustomed to in Miami, Florida. (Bankrate.com, n.d.) To see if there is a possibilities for an IT Project Manager to make this move from Miami to LA and keep

History of Project Management

2483 words - 10 pages to make some changes in order to survive. IBM, for ten years, has been a PMI Registered Education Provider (R.E.P.) and It currently employs more people with the Project Management Professional (PMP)® credential than any other organization in the world. This participation in the R.E.P. program and employing PMP credential holders helped IBM deliver tangible value to their business, from increasing operational efficiency to aiding business

Misbehavior

1042 words - 5 pages of New York, Flushing, NY. Bachelor of Arts – Accounting Certifications or Additional Education: ▪ IT Project Management Certificate – New Jersey Institute of Technology - 2015 ▪ Lean Six Sigma Green Belt Certificate – New Jersey Institute of Technology – 2015 ▪ Project Management Professional (PMP), in progress Technical Skills Microsoft Office Suite (Word, Excel, Power Point, and Project) VLOOKUP, Pivot table, Telecom Network, SAP, Cognos, Business Intelligence reporting tool.

Project Management Plan

4473 words - 18 pages ; • Creating the Work Breakdown Structure (WBS); • Verifying the Scope; • Controlling the Scope. (PMI, 2008) (PMP Notes, 2013) 1 Scope Management Process 2 Project Objectives (Smart Goals) The aim of the project is to sub-divide 1 lot into 3, within the allocated time limit of six months and the client’s budget of $250,000. This will be done while following the

Project and Scope Presentation

1923 words - 8 pages Risk Management 5 9.1 Risk Log 6 10 Issue Management 6 10.1 Issue Log 6 11 Procurement Management 6 12 Compliance Related Planning 6 Appendix A: Project Management Plan Approval 7 APPENDIX B: REFERENCES 8 APPENDIX C: KEY TERMS 9 APPENDIX D: SUMMARY OF SPENDING 10 * Introduction Purpose of Project Management Plan The intended audience of the Personal Health Record PMP is all project stakeholders including the project sponsor

Cis 517 Week 10 Assignment 5 Term Paper Final Project

806 words - 4 pages made a persuasive and high-level presentation of your company’s approach to managing projects on time and on schedule in accordance with the PMBOK®. Leads are pouring in. It looks like business is about to pick up.   Your small but experienced team of ten (10) PMP-certified project managers have managed a wide range of small capital projects, namely wiring closets, wireless, data center moves, network upgrades, and ERP deployments. You have been

Related Essays

Entrepreunship Essay

2545 words - 11 pages analysis-------------------------------------------------------------- 6.0 Bibliography Executive Summary • Business Concept Atlas Project Consulting Corporation (APCC) is a LLC that provides various Project Management professional information including test information and lessons of Project Management Profession (PMP) certification and assistance of Project problem in the companies that need Project Management

Project Management Essay

580 words - 3 pages develop over time. Static coming up with is versatile and also the set up can build the mandatory changes on the method. The trade-off between progressive elaboration and static planning modes would be the flexibleness of the design processes. Project Management Institute (2013). A Guide to the Project Management Body of Knowledge (PMBOK guide), Newtown Square, PA: Project Management Institute, Inc. Sanghera, P. (2010) PMP® in depth: project management professional study guide for the PMP® exam. 2nd ed. Boston: Course Technology/Cengage Learning.

Cost Management Essay

1788 words - 8 pages resources, the needed quantity, and the 2 Chapter 7: Introducing Project Cost Management CertPrs8 / PMP Project Management Professional Study Guide / Phillips / 223062-2 / Chapter 7 P:rojects cost. Have you ever worked with a client who had a huge vision for a project, but had little capital to invest into the vision? Or have you worked with a client who gasped when you revealed how much it would cost to complete their desired scope of

No Very Tricky Work Essay

959 words - 4 pages this type of discussion, including defining a common language between you and the stakeholder, maintaining positive contact with the stakeholder and acting with ethics — honestly and with transparency, says Bruna S. Oliveira, MBA, PMP, a seven-year project management veteran from Uberlandia, Minas Gerais, Brazil. Options and Consequences A well-executed project charter with governance authority can make saying “no” easy, notes Mark Palmquist, CDP