Unit VII
Project
Scenario: You are the project manager responsible for a new
building construction in northern Virginia. The building is worth $500,000 and
will have five bedrooms, a kitchen, landscaping, and a two-car garage to be
completed in two years. This was agreed upon in a firm fixed contract. During
the execution (construction) of the building, you realize that the cost of
materials have gone up by 10%, and your schedule is behind by 90 days due to
delays from county inspections and permit processes. You also notice that if
you continue with the current cost rate and schedule rate that the total cost
to complete this house would be $600,000 and delivered three months late.
Submit a three-page report explaining the reasons for these
variances from your original project management plan and the proposed steps on
how you are going to control the cost and schedule to achieve the contract
threshold of $500,000 to be delivered in two years. Your plan must include the
following:
Address identifications of impacted activities with their
cost and schedule attributes, remembering to account for contingencies.
Address explanations of the roles your project management
team will play during the execution of your project management plan and how
they will help you to control the issues that are arising during the project.
At the end of your essay, add a separate section entitled,
“Reflections on My Learning.” In this stand-alone section, summarize what you
have learned in doing the research, reading the textbook, and reading the
written lessons in regard to project management and how it impacted your
decisions in this essay.
Refer to the execution and control process examples in the
Handbook of project-based management: Leading Strategic change in organizations
textbook, Chapter 17. Include at least one additional source to support your
ideas, thoughts, and theories. Use APA format to document your sources in-text
and in your “References” list at the end of the essay.
