Final Project The Project has two parts: 1. Setting up your project outline and

Final Project
The Project has two parts: 1. Setting up your project outline and definition (word documents). 2. Monitoring and reporting progress against the plan and revising the plan as necessary to achieve successful completion by using MS Project software. Project Report Outline (suggested) 1. Introduction
• Background • Organizational Structure and Stakeholder
• Project life Cycle
2. Project Selection
• Screening and Selection (at least 2 methods)
• Financial Models (at least 3 methods)
3. Scope Management
• Project Goal/Mission: • The Project Mission Statement clearly states the maindeliverable and business or organizational objective of theproject.
• The second part provides the business or organizational objectiveof the project.
• Problem statement
• Project objectives
• Clarification of Boundaries (constraints): • Major activities, deliverables and topics that are within the scope of the project and are the responsibility of the project core team.
• Major activities, deliverables and topics that may be related to the project deliverable, but that are outside of the scope of the project
• Requirements/ Information gathering
• Alternative analysis
• Business case
• Project charter
• Scope statement
• Scope baseline
• Statement of Work
• Work Breakdown Structure:
• Work package
4. Risk Management
• Risk Management (Four-stage Process)
• Risk Breakdown Structures
5. Cost Estimation and Budgeting
• Cost Management
• Cost Estimation
• Learning Curves in Cost Estimation (assume you have repetitive tasks) • Creating a Project Budget
• Developing Budget Contingencies
6. Project Scheduling: Networks, Duration, Estimation, and Critical Path
• Developing a Network
• Duration Estimation
• Constructing the Critical Path
• Options for Reducing the Critical Path
• lags in Precedence Relationship
• GANTT Charts Include Resources
7. Project Evaluation and Control
• Control Cycles
• Monitoring Project Performance
• Earned Value Management
8. Closeout Process