Chat with us, powered by LiveChat You are managing a project with a duration of 24 months and a budget o - Writeedu

You are managing a project with a duration of 24 months and a budget o

 

1. You are managing a project with a duration of 24 months and a budget of $12 million dollars. Assume that you are running two months behind schedule, but you have enough money to complete it. Should you crash or fast track your schedule? Explain your reasoning.

2. When would scope creep or gold plating be acceptable for a project?

MBA 6941, Managing Project Teams 1

Course Learning Outcomes for Unit III Upon completion of this unit, students should be able to:

8. Assess strategies to manage organizational change. 8.1 Explain how the triple constraints play an integral role in managing a successful project. 8.2 Explain the relationship between the scope statement and the WBS and why they are

fundamental to project success. 8.3 Identify the critical path of a project and why it is important to an effective schedule

management.

Reading Assignment Chapter 8: Scope Chapter 13: Time

Unit Lesson Project Scope Management Project scope management includes the processes concerned with all of the work required to successfully deliver a project to the stakeholders’ expectations, manage changes, minimize surprises, and gain acceptance of the product in order to complete the project. During scope management, the project manager should always be in control of the scope and must make sure of the following:

 each requirement is documented with the acceptance criteria defined;

 all the work is being completed;

 define and control what is and is not in the project;

 guard against additional scope not covered under the project charter;

 prevent extra work or “gold plating,” which increases risk and uncertainties and introduces problems into the project;

 proactively identify and influence the factors that cause changes; and

 capture, evaluate, and manage the scope changes in a controlled, structured, and procedural manner (Perrin, 2013).

Key Terms in Project Scope Management:

 Triple constraints: A project’s scope is one the triple constraints, so managing the scope of the project is one of the key ways in which project management performance can be measured. Since scope is usually owned by the project sponsor or the customer but managed by the project manager, project scope management is especially challenging (Perrin, 2013).

 Scope creep: Scope creeps are unapproved and undocumented changes, and they occur when changes to the scope are not detected early enough or managed. All these minor changes slowly add up and may have drastic impact on budget, schedule, and quality (Perrin, 2013).

Causes of scope creep can include the following:

UNIT III STUDY GUIDE

Project Performance and Team

Graphical representation of triple constraints (Mapto, 2007)

MBA 6941, Managing Project Teams 2

UNIT x STUDY GUIDE

Title

 Unexpected scope-related issues: These issues can change project requirements or increase the project’s complexity.

 Placating stakeholders: This involves giving in to stakeholders’ additional requests without following the proper approval process, which can lead to cost and time overruns.

 Perfectionism: Team members often try to improve the product without proper approval, which can also lead to cost and time overruns.

 Misunderstanding about the project scope: Ambiguous and unclear scope can cause the project team to misunderstand requirements about the project, causing scope creep (Turner, 2014).

Project vs. product scope: Project scope management deals with managing both the product scope as well as the project scope. Product scope describes the features, functions, and physical characteristics that characterize a product, service, or result. It may also include subsidiary components. Completion is measured against the product requirements to determine successful fulfilment. While project scope describes work needed to deliver a product, service, or result with the specified features and functions, completion of project scope is measured against the project plan, project scope statement, and work breakdown structure (WBS) (Perrin, 2013). Project Scope Management Processes The project scope management process helps the project management team determine how the project scope will be defined, how the work breakdown structure (WBS) will be created, how the scope will be validated by the customers and stakeholders at the end of the project and at the end of each project phase, and how the scope will be managed and controlled throughout the project. The project team must have a clear understanding of the project, the business and need for the project, the requirements of the project, and the stakeholder expectations for the project. The project scope management plan is a planning process, and the first thing you want to do is to plan how to define, validate, and control your project scope and come up with the scope and requirement management plan. You then ask your team members to work closely with the customers and other stakeholders to collect requirements from them. The team members will be working on a requirement document to document the quantifiable needs and expectations of the customers and stakeholders. Next, the team must be working on a scope statement document to develop a comprehensive and detailed description of the project and product and identify all the work that needs to be done to complete project requirement. Now that the team has a clear understanding about the project deliverables, as a project manager you need to decompose these deliverables and project work into smaller, more manageable components so that you can easily assign resources and come up with a detailed WBS. Developing the scope management plan, requirements management plan, requirement document, scope statement documents, and WBS are all done during a planning process group meeting (Turner, 2014). PMI identifies six key processes that are associated with the scope management areas. Since scope is one of the triple constraints, an understanding of these procedures is vital to project success:

Process Process

Group Detail Key Outputs

1. Plan Scope Management

Planning This is the process of creating a scope management plan that explains how project scope will be defined, validated, and controlled in the project.

Scope Management Plan Requirement Management Plan

2. Collect Requirements

Planning This is the process of collecting and documenting measurable needs and expectations of the project stakeholders.

Requirement documentation Requirement Traceability Matrices

MBA 6941, Managing Project Teams 3

UNIT x STUDY GUIDE

Title

3. Define Scope Planning This is the process of developing a detailed and comprehensive description of the project/product.

Project Scope Statement

4. Create WBS Planning This is the process of breaking down (decomposing) project deliverables, and works into tasks, activities, work packages (Smaller components)

Scope Baseline

5. Validate Scope

Monitoring and Controlling

This is the process of obtaining stakeholder’s formal acceptance of the completed project scope and corresponding deliverables.

Accepted Deliverables Change Requests

Control Scope Monitoring and Controlling

This is the process of monitoring the project and product status, maintaining control over the project through the management of scope change requests, and managing charges to the scope baseline.

Work Performance Information Change Requests.

(Perrin, 2013)

Now that you know the scope of your project, the next step is to determine how long it would take to complete. This process is known as the project time management processes. Project time management is focused on planning, developing, managing, executing, and controlling a project schedule. It is important to note that before you start work on the schedule, you should have completed working on the business case, feasibility study, project charter, developed a scope management plan, a requirement management plan, scope statement, and the work breakdown structure (WBS) in a planning process group meeting. When a project manager starts working on the project schedule, he/she—along with the project team—will consider all of the activities that will need to be completed based on the project’s WBS. Once all the project work has been identified and the activity list has been generated, it is time to put the activities into the order necessary to reach the project completion. Once the work has been organized and visualized, it is time to staff it. Project resource estimating considers people that your project will need as well as the materials and equipment. Of course, management and the project stakeholders will want to know how long the project work will take to complete. A project manager must control the project schedule by applying the method of schedule compression and fast tracking (Turner, 2014). PMI identifies seven key processes that are associated with time management knowledge area. Since time is one of the triple constraints, an understanding of these processes is vital to project success.

MBA 6941, Managing Project Teams 4

UNIT x STUDY GUIDE

Title

Processes Process Groups

Detail Key Outputs

1. Plan Schedule Management

Planning The process of defining how the project schedule will be planned, developed, managed, executed, and controlled

Schedule Management plan

2. Define Activities

Planning The process of decomposing the WBS work packages into schedule activities that are at a level small enough for estimating, scheduling, monitoring, and changing.

Activity List Activity Attributes Milestone List

3. Sequence Activities

Planning The process of identifying and documenting relationships among defined activities and arranging them in the order they must be performed.

Project Schedule Network

4. Estimate Activity Resources

Planning The process of estimating the resources such as material, equipment, manpower, and supplies required to perform activities in the project.

Activity Resource Requirements Resource Breakdown Structure

5. Estimate Activity Durations

Planning The process of estimating durations for the activities of the project by utilizing scope and resource information, such as in who will be doing the work, resource availability, and number of resource assigned.

Activity Duration Estimates

6. Develop a Schedule

Planning The iterative process of analyzing activity sequence, dependency, logical relationships, durations, resources (such as materials, manpower, equipment, supplies), constraints, and assumptions to develop the project schedule with planned dates for project activities completion.

Schedule Baseline Project Schedule

7. Control Schedule

Monitoring & Controlling

The process of monitoring the status of the project by comparing the result to the plan, updating project progress, and managing changes to the project schedule baseline.

Work Performance Information Change Request Schedule Forecasts

(Perrin, 2013)

MBA 6941, Managing Project Teams 5

UNIT x STUDY GUIDE

Title

Leads and Lags

 Lead: A lead is an acceleration of the successor activity, or in other words, a successor activity getting a jump start. A lead may be added to start an activity before the predecessor activity is completed. For example, there may be a finish-to-start relationship between design and coding in a software development project, but coding may start five days before design is completed. This is an example of a finish–to–start with five days lead.

 Lag: A lag is an inserted waiting time between activities. For example, you must wait three days after pouring concrete before you can construct the frame for the house. This can be shown as a finish-to- start with three day’s lag (Turner, 2014).

Critical Path Method (CPM) The critical path is the longest path through a network diagram and determines the shortest time to complete the project as well as any scheduling flexibility (Perrin, 2013). It is not the project schedule, but it indicates the time period within which an activity could be scheduled considering activity duration, logical relationships, dependencies, leads, lags, assumptions and constraints. Below are a few important points about the critical path:

 It identifies how much individual activities can be delayed without delaying the project.

 It is the path with zero float. None of the activities in the critical path can slip (Perrin, 2013).

References

Mapto. (2007, September 6). Project-triangle-en.svg [Image file]. Retrieved from https://commons.wikimedia.org/wiki/File:Project-triangle-en.svg

Perrin, R. (2013). PMP exam prep boot camp. Retrieved from

http://edwel.com/materials/PMP%20Exam%20Prep%20Manual%20Online%20Free%205_0_1.pdf

Suggested Reading In order to access the resource below, you must first log into the myCSU Student Portal and access the Business Source Complete database within the CSU Online Library. This article gives you an insight on how to manage the project triple constraints and its implication to project success: Managing the triple constraints. (2010). PM Network, 24(8), 54.

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteEdu. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?

Do you need help with this question?

Get assignment help from WriteEdu.com Paper Writing Website and forget about your problems.

WriteEdu provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.

With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.

Chat with us today! We are always waiting to answer all your questions.

Click here to Place your Order Now