08 Oct Resource Allocation and Budget Reports

Project Management

The Course Project Part 2 assignment is the integration of all the sections that you have covered in the previous weeks (Introduction and Sections A through E) plus Sections F, G, and the Conclusion. Part 2 should be completely integrated and presented in a logical order, written professionally and free of spelling and grammar errors, and updated with any changes that occurred along the way, including corrections and advice provided by your professor.

 

Section F: Resource Allocation and Budget Reports

 

To complete this section, you must continue working on your MS Project file and add the information in the Week 5 Getta Byte project video.

 

Step 1: Allocate resources.

 

Step 2: Review costs.

 

Step 3: Analyze your resource allocation and assignments.

 

Step 4: Print the Gantt chart.

 

Step 5: Print resource allocation report.

 

Step 6: Print the project budget report.

 

Note: Microsoft Project is a project management information system (PMIS) designed to aid project managers in the development of schedules, assigning of resources, tracking progress, managing the budget, and analyzing workloads for projects. In this course, the Microsoft Project schedule is created in Section E and completed in Section F after adding the allocation and budgeting of resources.

 

Section G: Risk Register

 

Use the Risk Register Template spreadsheet to complete your assignment.

 

Identify and analyze your project risks.

 

Plan and implement risk responses.

 

Monitor the project risks.

 

Instructions

 

Review the Week 6 Getta Byte Software Risk Management video located in the Week 6 Lesson; the video provides examples of 3 negative risks.

 

Apply the risk management process learned in the Week 6 reading assignments (i.e., Chapter 11 of the Contemporary Project Management textbook and Part 1 Section 11 of the PMBOK® Guide. to identify, assess, and plan risk responses for five positive and five negative risks other than the examples provided in the video using the Risk Register Template located in the Project Templates section below.

 

For the risk identification process, be sure to assess the following process inputs: 1) Internal and external enterprise environmental factors and 2) the organizational process assets. Next, proceed to complete the following identification columns in the Risk Register Template.

 

Category

 

Risk Name

 

Risk Description

 

Risk Owner

 

Reason/Root Cause

 

Effect/Impact on Project Objectives

 

For the assessment process complete the following columns.

 

Probability of occurrence

 

Impact/Cost

 

Impact/Time

 

Impact/Quality

 

Risk Score (i.e., probability times impact)

 

For the Plan Risk Response process complete the following columns.

 

Risk Response Strategy

 

Cost

 

Note: The risks identified in the Week 6 Getta Byte project video are negative risk examples.

 

Conclusion

 

Instructions

 

Describe how the student applied theoretical and technical knowledge of the project management discipline to manage the course project successfully.

 

Conduct a short self evaluation on how successfully the project management concepts, techniques, and skills have been applied to the course project.