Project Management
Contents Executive Summary 3 Schedule 1 5 Performance Analysis 5 Estimate at Completion 7 Control Plan 7 Revised Estimate at Completion 8 Schedule 2 9 Summary and Conclusions Section 10 References 11
Executive Summary
This document comprises of several sections that are financial analysis of a new Indoor theme park project. The financial analysis of any project is very vital for any project since it gives an opportunity to better understand where on the project the project team is and what is needed to be done to improve the project. For example if based on the analysis it turns out to be that the project is behind the schedule and over the budget as a project manager one needs to inform the stakeholders about it and ask for taking corrective actions. If the project is behind the schedule then some resources may be added to the project so that the project team is capable of catching up with the progress. Or if there is a situation where the project is over budget the stakeholders need to be aware of the reasons and try to mitigate the issue or at least be ready for getting additional funds from different donors and sponsors.
Each section of the executive summery is important and gives a detailed information about how a certain part of the project is doing or how the project looks in terms of Gantt Chart which incorporates the provided project data, established baseline, and proper review date representing the anticipated 50% completion date for the project. When we look at the project Gantt Chart we can see that the baseline finish date is 12/19/2008 and we do not have actual finish date. The baseline start date shows 4/14/2008. The duration of the project is 180 days as well as is the baseline.
Performance Analysis section discusses Earned Value data to analyze the project cost and schedule performance. By Looking at the project plan MPP file the Earned Value (BCWP) is $1,086,640.61 the actual cost is $1,230,683.00
Executive Summary
This document comprises of several sections that are financial analysis of a new Indoor theme park project. The financial analysis of any project is very vital for any project since it gives an opportunity to better understand where on the project the project team is and what is needed to be done to improve the project. For example if based on the analysis it turns out to be that the project is behind the schedule and over the budget as a project manager one needs to inform the stakeholders about it and ask for taking corrective actions. If the project is behind the schedule then some resources may be added to the project so that the project team is capable of catching up with the progress. Or if there is a situation where the project is over budget the stakeholders need to be aware of the reasons and try to mitigate the issue or at least be ready for getting additional funds from different donors and sponsors.
Each section of the executive summery is important and gives a detailed information about how a certain part of the project is doing or how the project looks in terms of Gantt Chart which incorporates the provided project data, established baseline, and proper review date representing the anticipated 50% completion date for the project. When we look at the project Gantt Chart we can see that the baseline finish date is 12/19/2008 and we do not have actual finish date. The baseline start date shows 4/14/2008. The duration of the project is 180 days as well as is the baseline.
Performance Analysis section discusses Earned Value data to analyze the project cost and schedule performance. By Looking at the project plan MPP file the Earned Value (BCWP) is $1,086,640.61 the actual cost is $1,230,683.00
References: F.J. Jüngen, W. K. (July 1995). An intelligent interactive project management support system. European Journal of Operational Research, Volume 84, Issue 1, 7, 60-81. Ildar Batyrshin, T. S. (April 2008). Perception based data mining and decision support system. International Journal of Approximate Reasoning , 1-3. JE Diekmann, H. A.-T. (February 1992). Knowledge-based approach to construction project control. International Journal of Project Management, Volume 10, Issue 1, Pages 23–30. Prasanta Kumar Dey, M. T. (August 1996). Petroleum pipeline construction planning: a conceptual framework. International Journal of Project Management, Volume 14, Issue 4, 231-240. R. Bünde, M. G. (November 2001). Project control of WENDELSTEIN 7-X. Fusion Engineering and Design, 803-808. Wideman, R. M. (1989 May). Successful project control and execution. International Journal of Project Management, Volume 7, Issue 2, 109-113.