PROJ 592 Week 7 Course ProjectThis Course Project will provide you with practical experience in
applying the skills, tools, and methodologies contained in the coursework for
PROJ592. You will be generating a detailed project plan, including a project
work breakdown structure, schedule, and cost estimate to justify the project,
and then use these tools to monitor, control, and forecast results of your
project.

Very important:Each
part of this project cannot be done in the last couple of days before it is
due. You must start early, 2 or 3 weeks, before each is due if you wish to do
well on them. I will be available to address questions but cannot commit to
sitting by my computer on the afternoon each is due to solve your problems for
you. As this is a graduate level course following these recommendations is
optional for the student. Also since this is a graduate level course grades
earned for poorly done reports may reflect whether the work submitted meets the
requirements of the project instructions.

In Part 1 (CP-1), you will select a project which requires sufficient tasks and
detail to demonstrate your understanding of course concepts.
In Part 2 (CP-2), you will be provided
details for a new project.You will not use the work you developed
in part one.
Both parts of the Course Project require modest use of
Microsoft Project software which is availablein
the Student Software Store orin iLab under Course Home. Use these
tutorials and content from the Student Resources tab to help you with the
Course Project Assignment.

Microsoft Project Training Video Tutorials

Course Project, Part 1 – Due Week 4

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Assume you are the
project manager for a new business venture. This venture will require
financing, but once completed, will generate revenue and, eventually, a profit
over cost. For CP-1, you are to write a Project Proposal with enough detail to
convince investors to finance your idea. This Project Proposal will require
detailed cost and revenue estimates and a credible schedule to win investor
support.
Select a venture of
personal interest. Read the Proposal Requirements below to help you select a
suitable idea. For example, select a venture where you can identify realistic
cost and scheduling concerns. Opening a small retail storefront or a franchise
is one example. Do NOT propose building a house, because investors typically
already have financing before beginning such a project. When selecting your
project, keep in mind the goal of CP-1 is to apply the techniques introduced
during the course.
Focus on detailed cost
estimating, scheduling, and project justification. Estimating includes specific
assumptions made during the estimating process, as well as quantities, unit
prices, hourly rates for tasks, and accumulated totals. Justification will
include an NPV analysis of costs vs. projected detailed revenue streams over a
five year period with cash inflows and outflows over the project life. Start-up
and other costs, and revenue streams, should be derived from detailed project
cost estimates and sales forecasts.
When you establish your
financial data you must be reasonable. A product that is developed for a cost
of $100,000 will rarely have a net income of $1,000,000 per year, but I have
seen students dream that up in the past. The numbers should allow for the
possibility of failure if things go wrong.
The CP-1 Project
Proposal will be structured with the following sections:
Cover Pageincluding assignment, project title, course, and
student contact information.Executive Summary/Proposalwhich “summarizes” the content from the
entire document with quantifiable highlights such as overall cost,
duration, revenue, etc., and makes the pitch to investors along with a request
for the needed funds.Project Descriptionwhich describes the project and the need for it.WBSwith proper grouping, indenting, and coding for
approximately 25 to 40 tasks.Cost Estimatefor each task. Capital cost estimates should include
building, franchise fees, equipment, etc., if required for your project.Advanced Cost Estimating
Techniquewhich describes the use of an
advanced technique such as three-point or contingency estimating and an
example of its use in your project.Cost Assumptionsincluding a list of assumptions made when deriving your
estimates.Financial Analysisincluding NPVcalculationsto justify your project.Scheduleincluding MSP Gantt chart schedule (required),includingWBS codes,tasks, task relationships, task duration, and task
resources.
NOTE: Each section
should include the detail as described above, along with a proper discussion
about the included data as well as the project manager’s
analysis/interpretation of the information.
Submission Requirements
CP-1 must be submitted as a singledocument in MS Word.
Information or details created with other tools like Excel or MS Project
such as tables, charts, or graphs must be incorporated into the MS Word
submittal as an inserted object, such as a JPEG. (For help with MS Project,
see the Video Tutorial link in theOverview
section aboveand the help document in doc sharing.) Failure to follow this requirement will result in
the return of the proposal for re-formatting to the requested MS Word
format. The official date
it will be considered received is the date it is received in the correct
MS Wordformat.You may insert objects into the body of your paper to
support your discussion if they are half a page or less. Larger items
should be included in an appendix with appropriate references to this
information.CP-1 must include a cover page.As a guide, the body of CP-1 should be between five and
ten pages in length (i.e., not including cover page, appendix, etc.).Submit the Word document to the Week 4: Course Project,
Part 1Dropbox.
Submit your assignment
to the Dropbox located on the silver tab at the top of this page. For
instructions on how to use theDropbox, read these.next.ecollege.com/ec/Courses/13775/CRS-DVUO-2148869/SSO/hub2/sso.html?node=184″>Step-by-Step Instructionsor watch this.png” alt=”Tutorial”>.next.ecollege.com/ec/Courses/13775/CRS-DVUO-2148869/SSO/hub2/sso.html?node=232″>Dropbox
Tutorial.
See Syllabus “Due
Dates for Assignments & Exams” for due date information.

Course Project, Part 2 – Due Week 7

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For CP-2, we will leave
CP-1 behind and start fresh. CP-2 is a financial analysis of a new Indoor theme
park project. You will utilize the provided project information/data to create
a new project schedule which will represent your project at a specific point
during implementation. You will load the information/data into Microsoft
Project where the data will serve as the basis for project monitoring and
control and Earned Value Analysis. The output of the analysis, combined with a
control plan, will be used to support the continuation of your project.
The CP-2 Project
Performance Report will be structured with the following sections:
Cover Pageincluding assignment, project title, course, and
student contact information.Table of ContentsExecutive Summarywhich “summarizes” the content from the
entire document with quantifiable highlights such as overall project cost
and schedule performance, estimate to completion, and makes the pitch to
project stakeholders to continue the project.Schedule 1a schedule displayed on a MSP Gantt chart schedule(required) which incorporates the provided project
data, established baseline, and proper review date representing the
anticipated 50% completion date .A Gantt chart is a graphical
representation of the schedule and NOT a table of dates..Performance Analysisutilizes Earned Value data to analyze the project cost
and schedule performance.Estimate at Completionincludes a forward-looking estimate of the project
completion date and the final project costs.Control Planwhich provides a corrective action plan to bring the
project back in line with your project baseline.Revised Estimate at
Completionwhich includes the corrective
actions from the control plan along with the resulting cost impact and
schedule impact.Schedule 2including revised MSP Gantt chart schedule (required)
which reflects the impact of your corrective actionsThis should meet the requirements of the original
project plan.
NOTE: Each section
should include the detail as described above, along with a proper discussion
about the included data as well as the project manager’s
analysis/interpretation of the informationYou will use your Microsoft Project data in the
report but will not be graded on the Microsoft Project file..
Background data for the CP-2 project can be found in Doc
Sharing under the Course Project category. This file also contains
detailed instructions and help.
Submission Requirements
CP-2 must be submitted as a singledocument in MS Word.Information
or details created with other tools like Excel or MS Project such as tables,
charts, or graphs must be incorporated into the MS Word submittal as an
inserted object, such as a JPEG. (For help with MS Project, see the Video
Tutorial link below.) Failure to follow this requirement will result in
the return of the proposal for re-formatting to the requested MS Word
format.You may insert objects into the body of your paper to
support your discussion if they are half a page or less. Larger items
should be included in an appendix with appropriate references to this
information.You should not use imbedded links to
files in the body of the report and they are not recommended for the
appendix. If they are used and do not open they will considered not there.CP-2 must include a coverpageand Table of Contents.As a guide, the body of CP-2 should be between five and
ten pages in length (i.e., not including cover page, appendix, etc.).Submit the Word document to the Week 7: Course
Project, Part 2Dropbox.PROJ 592 Week 7 Course ProjectThis Course Project will provide you with practical experience in
applying the skills, tools, and methodologies contained in the coursework for
PROJ592. You will be generating a detailed project plan, including a project
work breakdown structure, schedule, and cost estimate to justify the project,
and then use these tools to monitor, control, and forecast results of your
project.

Very important:Each
part of this project cannot be done in the last couple of days before it is
due. You must start early, 2 or 3 weeks, before each is due if you wish to do
well on them. I will be available to address questions but cannot commit to
sitting by my computer on the afternoon each is due to solve your problems for
you. As this is a graduate level course following these recommendations is
optional for the student. Also since this is a graduate level course grades
earned for poorly done reports may reflect whether the work submitted meets the
requirements of the project instructions.

In Part 1 (CP-1), you will select a project which requires sufficient tasks and
detail to demonstrate your understanding of course concepts.In Part 2 (CP-2), you will be provided
details for a new project.You will not use the work you developed
in part one. Both parts of the Course Project require modest use of
Microsoft Project software which is availablein
the Student Software Store orin iLab under Course Home. Use these
tutorials and content from the Student Resources tab to help you with the
Course Project Assignment.Microsoft Project Training Video TutorialsCourse Project, Part 1 – Due Week 4.next.ecollege.com/%28NEXT%28a40d13a823%29%29/Main/CourseMode/VizedHtmlView/RenderVizedHtmlView.ed?courseItemSubId=351416186&courseItemType=CourseContentItem&#top”>.png” alt=”Back to top”>Assume you are the
project manager for a new business venture. This venture will require
financing, but once completed, will generate revenue and, eventually, a profit
over cost. For CP-1, you are to write a Project Proposal with enough detail to
convince investors to finance your idea. This Project Proposal will require
detailed cost and revenue estimates and a credible schedule to win investor
support.Select a venture of
personal interest. Read the Proposal Requirements below to help you select a
suitable idea. For example, select a venture where you can identify realistic
cost and scheduling concerns. Opening a small retail storefront or a franchise
is one example. Do NOT propose building a house, because investors typically
already have financing before beginning such a project. When selecting your
project, keep in mind the goal of CP-1 is to apply the techniques introduced
during the course.Focus on detailed cost
estimating, scheduling, and project justification. Estimating includes specific
assumptions made during the estimating process, as well as quantities, unit
prices, hourly rates for tasks, and accumulated totals. Justification will
include an NPV analysis of costs vs. projected detailed revenue streams over a
five year period with cash inflows and outflows over the project life. Start-up
and other costs, and revenue streams, should be derived from detailed project
cost estimates and sales forecasts.When you establish your
financial data you must be reasonable. A product that is developed for a cost
of $100,000 will rarely have a net income of $1,000,000 per year, but I have
seen students dream that up in the past. The numbers should allow for the
possibility of failure if things go wrong.The CP-1 Project
Proposal will be structured with the following sections:NOTE: Each section
should include the detail as described above, along with a proper discussion
about the included data as well as the project manager’s
analysis/interpretation of the information.Submission RequirementsSubmit your assignment
to the Dropbox located on the silver tab at the top of this page. For
instructions on how to use theDropbox, read these.next.ecollege.com/ec/Courses/13775/CRS-DVUO-2148869/SSO/hub2/sso.html?node=184″>Step-by-Step Instructionsor watch this.png” alt=”Tutorial”>.next.ecollege.com/ec/Courses/13775/CRS-DVUO-2148869/SSO/hub2/sso.html?node=232″>Dropbox
Tutorial.See Syllabus “Due
Dates for Assignments & Exams” for due date information.Course Project, Part 2 – Due Week 7.next.ecollege.com/%28NEXT%28a40d13a823%29%29/Main/CourseMode/VizedHtmlView/RenderVizedHtmlView.ed?courseItemSubId=351416186&courseItemType=CourseContentItem&#top”>.png” alt=”Back to top”>For CP-2, we will leave
CP-1 behind and start fresh. CP-2 is a financial analysis of a new Indoor theme
park project. You will utilize the provided project information/data to create
a new project schedule which will represent your project at a specific point
during implementation. You will load the information/data into Microsoft
Project where the data will serve as the basis for project monitoring and
control and Earned Value Analysis. The output of the analysis, combined with a
control plan, will be used to support the continuation of your project.The CP-2 Project
Performance Report will be structured with the following sections:NOTE: Each section
should include the detail as described above, along with a proper discussion
about the included data as well as the project manager’s
analysis/interpretation of the informationYou will use your Microsoft Project data in the
report but will not be graded on the Microsoft Project file..Background data for the CP-2 project can be found in Doc
Sharing under the Course Project category. This file also contains
detailed instructions and help.Submission Requirements