Posted: February 26th, 2023
Can you do the Step 4 only . This is the group project
Step 4: Manage a project
Susans Consulting Company (SCC) has been in business for ten years and has experienced a significant turnover in the project management group, which has prompted senior leadership to investigate.
A preliminary review by senior leadership has determined that Project Managers are frustrated with the amount of required project management documentation, which has impacted their ability to manage projects successfully.
A recent review of the project management process has determined that SCC has spent between 30-40% of its total project budget on projects' overhead costs to include project management costs. A review of industry standards is between 5-15% higher than most companies. In addition, senior leaders found that projects are being delivered between 25% and 50% over budget and late 95% of the time.
Note: Project Management overhead includes the PM's time managing the project, attending meetings, and developing the required documentation.
Request: SCC has reached out to your team because you are experts in defining project management processes and delivering projects on time. The SCC request includes the following:
Step 1: Identify a project manager – this individual is responsible for the team assignment ensuring that team members are completing their assigned work and will be responsible for turning in the assignment.
General Note: Your instructor will act as the sponsor both for the project and for the methodology build-out. Any questions should be directed to me.
Step 2: Build a Methodology
Step 3: The Project
Using your new methodology, SCC would like you and you to complete the following project:
Scope: The scope of the project consists of 9 applications
|Initial Development Cost (YR 0)||Year 1 Income||Year 2 Income||Year 3 Income||Year 4 Income||Year 5 Income|
|Application 1||$ 350,000.00||$ 65,000.00||$ 74,750.00||$ 89,700.00||$ 94,185.00||$ 95,126.85|
|Application 2||$ 275,000.00||$ 52,000.00||$ 62,400.00||$ 68,640.00||$ 70,012.80||$ 71,413.06|
|Application 3||$ 500,000.00$ 65,000.00||$ 79,300.00||$ 83,265.00||$ 89,926.20||$ 94,422.51|
|Application 4||$ 450,000.00||$ 50,000.00$ 65,000.00||$ 69,550.00||$ 73,723.00||$ 77,409.15|
|Application 5||$ 300,000.00||$ 130,000.00||$ 143,000.00||$ 145,860.00||$ 160,446.00||$ 170,072.76|
|Application 6$ 450,000.00||$ 82,000.00||$ 94,300.00||$ 95,243.00||$ 96,195.43||$ 100,043.25|
|Application 7||$ 750,000.00||$ 230,000.00||$ 287,500.00||$ 301,875.00||$ 316,968.75||$ 323,308.13|
|Application 8||$ 550,000.00||$ 75,000.00||$ 91,500.00||$ 93,330.00||$ 100,796.40||$ 103,820.29|
|Application 9||$ 250,000.00$ 65,000.00||$ 85,800.00||$ 88,374.00||$ 93,676.44||$ 95,549.97|
Given the critical nature of the project, the company has developed a high-level budget and potential income for each application.
Step 4: Manage a project
Step 5: Develop your paper using the following requirements:The paper should be between 15-20 pages and should include: Title Page Reference Page Table of Content Your paper should include APA format (Times New Roman, font size 12, double-spaced, proper grammar, and reference list) Your paper should utilize at least one outside scholarly or professional source related to project management Your paper should include an Abstract, Introduction, and Conclusion Powered by BeeLine Reader
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