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For Week 2 Discussion 2, you created a WBS. Now that you have an understanding of the work your project involves, let’s start to list your project’s activities/tasks. Your list of activities/tasks should be at least 50 activities/tasks (Feel free to provide more than 50 activities). Add your activities to the attached Project Budget Worksheet. You will use Column A to add your activities/tasks. Make sure your activities are added to the appropriate Phase (Please Note: Even though the category is an option, I want you to focus on adding tasks/activities to the proper phase). In addition, add your resource.
Now that you have your tasks/activities completed, begin to add your labor, materials, and fixed costs. If you had an idea of what you wanted to spend for the different activities/tasks add them to your budget column. Your Actual Column should automatically populate. If it doesn’t you just need to follow the rules of excel as you add in rows.
After you complete the spreadsheet, complete a write-up in APA format explaining what steps can be taken to make controlling budgets easier (Focus on technique and thinking). Can these steps also be used to control other project parameters, such as scope, behavior, etc…? Additionally:
Which tools do you feel are most effective and could help you with your project (Use M&M Ch 7 reading to help you)
What about content from PMI Reading? Anything there that could help your budgeting effort?
What part does risk management play in the budget you created?
Additional criteria for this assignment:
1. 50 activities/tasks (Feel free to provide more than 50 activities). Add your activities to the attached Project Budget Worksheet. You will use Column A to add your activities/tasks. Make sure your activities are added to the appropriate Phase (Please Note: Even though category is an option, I want you to focus on adding tasks/activities to the proper phase). In addition add your resource. Now that you have your tasks/activities completed, begin to add your labor, materials and fixed costs. If you had an idea of what you wanted to spend for the different activities/tasks add them to your budget column. Your Actual Column should automatically populate. If it doesn’t you just need to follow the rules of excel as you add in rows.
2. Complete a write up in APA format explaining what steps can be taken to make controlling budgets easier (Focus on technique and thinking)? Can these steps also be used to control other project parameters, such as scope, behavior, etc…? Additionally,: Which tools do you feel are most effective and could help you with your project (Use M&M Ch 7 reading to help you) What about content from Part 1 Chapter 7 of the PMBOK? Anything there that could help your budgeting effort?
3. This criterion is linked to a Learning OutcomeWhat part does risk management play in the budget you created?
Don’t forget to add references to support the writeup
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