In a hypothetical country, fifty years ago, the minimum wage was approximately $1.50 per hour. At the same time, a family with two adults and two children could live in….
Project Planning and Budgeting
You will be creating subsidiary management plans of a Project Management Plan using the information found in the case study provided (attached).
Please, for this assignment, do not take "Assessment 2 – Part B" into consideration!!! Just "Assessment 1 – Part B"!!!
For Assessment 1 Part B, you are responsible for submitting the project scope and time management
plans for the case study. The plans must contain, but not limited to, the following plan components:
– Project goals and objectives
– Project scope statement
Describe the entire scope of the work including project background, a list of specific project goals, deliverables, constraints and assumptions, and milestones.
Use the attached Gantt chart (ProjectLibre file) for the project, which was already created by me using project activities given in Table 1. Conduct a critical path analysis and carefully apply the 3-point estimate technique on identified critical activities to develop an estimated project schedule. It is assumed that the critical activities will remain the same in a risk-free environment ("Most-likely" and "Optimistic" scenarios). On the other hand, without an appropriate risk management, the durations of critical activities creep by 40% ("Pessimistic" scenario).
Perform a final schedule analysis using the results obtained from project scheduling conducted in the previous stages.
For the project scope statement, you can use the template attached, but kindly add the information in the assessment body.