1. Staffing the Project (25 points)

1. Staffing the Project (25 points)

Once a Work Breakdown Structure (WBS) is completed it is important to assign ownership to each task and make a reasonable assessment of the required project skills that will be necessary to complete the project. Additionally, an assessment of the availability of personnel and the requisite skills required to complete the project are completed; where a firm has two options for staffing a project: (1) hire new personnel for the project (e.g., the company hires contractors or consultants for the life of the project), or (2) use and/or train current personnel to become proficient in the skills they will need to perform the task. then you will post in favor of hiring new personnel or outside resources.

2. Technology Usage in Costing and Budgeting (25 points)

The estimates of costs for various components of the project are developed into a comprehensive project budgeting document that allows for ongoing project tracking and cost control. Advances in information technology and software packages have transformed the way cost estimation and budgeting of projects is completed, allowing for advanced costing methods, real time cost tracking, budget reporting and dashboards, and various methods to prevent and control cost overruns.

For this week’s discussion find current examples of real companies that use technology to support cost management and budgeting. Explain how the organization(s) of your choice are utilizing technology to help organizations and their project managers in costing and budgeting a project. You must also discuss how technology can be utilized to overcome common problems with cost estimation.

3. Risk Management (25 points)

Project managers usually look for areas where a project may run into trouble or the potential areas where the project may fail. Risk management is the art and science of identifying, analyzing, and responding to risk factors throughout the life of a project to minimize potential negative consequences to the organization. For this week’s discussion imagine that you are the PM for a real estate investment firm, you are evaluating several projects involving land acquisition, for you must address the following:

Discuss how you would use both qualitative and quantitative approaches for identifying and assessing risk.

If you are limited to using just one approach, specify which method you’d use, and why.

Discuss best practices for how project managers can be sure risks are identified at all levels of the project and throughout the entire project lifecycle since risk management is an iterative process.

4. Quality Management (25 points)

A project quality program is an action plan striving to ensure that the actual quality of the project will meet the planned project quality. The quality level of a project quality program is based entirely on customers’ expectations and requirements. The project manager is responsible for ensuring tasks are explicitly defined and those associated with the responsibility for completing those tasks are meeting quality standards.

Using current events research to support your main arguments, discuss how a project quality program can be used to ensure the quality of the project deliverables in meeting the customers’ requirements for completion of the project. Give some current examples of companies using project quality management programs. Be sure to integrate current quality management best practices in your discussion.

5. Project Plan Evaluation (25 points)

Many projects occur outside of a formalized project management program in organizations, especially for small, short duration projects. For this discussion, assume you are a newly hired project manager for an organization that would like to implement project management principles across various departmental projects. Part of your responsibility is to review the project plans for various projects across the organization.

For this week’s discussion, describe what criteria you will be using to evaluate those projects in terms of project selection. What are the most important factors that need to be included in project plans in order for you to ensure those projects are being planned and managed effectively? Also discuss some of the challenges you may face in your new role and how you plan on overcoming each of those challenges.

1. Staffing the Project (25 points)

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