This assignment is a build off of a previous assignment. The information from this assignment has to be embedded into the that assignment to complete this assignment (3). I would encourage formatting the current information and what you create into the template provided to prevent formatting issues. There will be a need to use Microsoft Excel or Microsoft Project. I will upload the details from Assignment 1 and 2 as background information to help give guidance to complete assignment 3. Assessment 3 Instructions: Project Budget and Schedule PRINT Create your final project management plan, including the project budget and schedule. Executing the project is the third process group out of five defined in the PMBOK® Guide. The PMBOK® Guide (2007) defines executing processes as those processes performed to complete the work defined in the project management plan to satisfy project requirements. This is where the work actually gets done—the knowledge and the skillsets are applied. As execution is occurring, it is important for the project manager to manage all tasks, schedules, budgets, and resources. Reference Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK® Guide) — Sixth Edition and Agile Practice Guide. Newtown Square. PA. 2017. Overview In this assessment, you will use Microsoft Project to create a project budget and a project schedule. You will first develop your project schedule. Then, you will include the budget for all the project-related costs. Include costs for each of the tasks with a minimum of 20 line items in the schedule. The easiest method is to create a budget column. Context Executing the project is the third out of five process groups as defined in the PMBOK® Guide. The PMBOK® Guide defines executing processes as those processes performed to complete the work defined in the project management plan to satisfy project requirements. This is where the work gets done, and knowledge and skill sets are applied. As execution is occurring, it is important for the project manager to manage all tasks, schedules, and resources.​ Read the following: Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK® Guide) — Sixth Edition and Agile Practice Guide. Newtown Square. PA. 2017. Part 1, “A Guide to the Project Management Body of Knowledge (PMBOK® Guide).” Section 6, “Project Schedule Management.” Section 7, “Project Cost Management.” Instructions Complete the following steps for this assessment: Create your project schedule in Microsoft Project. Include tasks, durations, dependencies, resources, and a Gantt chart. Develop a budget in Microsoft Project or Microsoft Excel that includes the cost for each task, as well as subtotals and a total cost. Add references to your project budget and schedule in the Project Plan Template. Create the executive summary for your project plan. Note that it should explain who, what, where, when, why, and how. Be sure to include: The project summary and benefits. Project start and completion dates (or duration). Estimate project cost. Resources needed and supporting evidence. Submit your final project plan, including your executive summary, budget, and schedule. Additional Requirements Your assessment should also meet the following requirements: Written communication: Ensure written communication is free of errors that detract from the overall message. Length: Use the Project Plan Template. Font and font size: Use Times New Roman, 12-point font. Submission: Submit your final project plan with all sections completed. Portfolio Prompt: You are required to save this learning activity to your ePortfolio. Competencies Measured By successfully completing this assessment, you will demonstrate your proficiency in the course competencies through the following assessment scoring guide criteria: Competency 2: Evaluate the significance of project management benefits to business and IT projects. Write an executive summary for the project Competency 3: Explain project management documentation to support business or IT projects. Develop a project budget. Construct a project schedule. Competency 4: Communicate effectively. Communicate effectively in a professional manner consistent with the standards and conventions of project management.
