Description
Compare and contrast the advantages and disadvantages of analogous, parametric and bottom-up estimating.
You are the project manager in charge of the construction of a new school building. Give one possible example each of a known known, known unknown, and unknown unknown you might encounter.
MS Project
Complete the following in Microsoft Project 2013 or later:
Open the MS Project File and make the following changes:
Create the following “Work” Resources and assign costs to them, as appropriate, to create a project budget
John Smith
Beth Jones
Jennifer Williams
Mike Whitman
Joanna Edwards
Temporary Worker
Create the following “Material” Resources and assign costs to them, as appropriate, to create a project budget
Concrete
Paint
Siding
Create the following “Cost” resources
Permits
Inspection Fees
Contingency Reserve
Management Reserve
Define a “resource” calendar for Mike Whitman with a week of vacation during the project schedule
Define Beth Jones to work only part-time
Assign your work resources to tasks, ensuring that you have people working on each task that requires people.
You may need to create more work resources so you do not have any that are overallocated. Feel free to add as many work resources as you deem necessary.
Resolve any resource overallocations
Assign material resources to tasks, as appropriate. At a minimum, you must use a quantity greater than 1 of each material resource on at least one task.
Assign cost resources to tasks, as appropriate. At a minimum, you must use each of your cost resources at a cost greater than $0 on at least one task.
View your project budget (View the Gantt Chart Cost Table)
Verify the cost of all of your tasks.
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