Put yourself in the shoes of a project manager. You must create and present a pr
ID: 370319 • Letter: P
Question
Put yourself in the shoes of a project manager. You must create and present a project proposal for a home renovation that has value and persuade your management (which is your instructor) that it is worthy of being part of the project portfolio. The objective of the project is to include information from the table below
Deliverable
Audience
Objective of Deliverable
Approx. length
What to include
Comments
Project Report
Sponsor, stakeholders, project team, future project teams.
Self-contained description of entire project, including problem approached, solution, final deliverables, success metrics, conclusions, and lessons learned. This is the project artifact that will be available in the future about the
project.
5-20 pages
Cover page and detailed table of contents
PROJECT OBJECTIVE & SCOPE
ORGANIZATION AND PROJECT CRITICAL SUCCESS FACTORS
ASSUMPTIONS
PROJECT ORGANIZATION
Work Breakdown Structure
Responsibility Chart
Schedule
Resource Allocation
FINANCIAL PLAN
MONITORING AND CONTROL PLAN
RISK ASSESSMENT
SUMMARY
References and Appendices
: Relevant project management documentation, including an example of team meeting notes.
See sample:
Presentation
Sponsor, stakeholders, project team, peers
Highlight purpose of project, solution, and major accomplishments. Highlight unique aspects of project, including lessons learned.
Depends on duration
Project Objective
Overview: product deliverable
Approach & Plan: major interim deliverables, risk analysis, etc - focus on unique/interesting aspects
Results: product deliverable and measures of success. Include pictures when possible.
Lessons Learned
Focus on the unique elements of your project - what will your audience find most relevant and interesting?y
Deliverable
Audience
Objective of Deliverable
Approx. length
What to include
Comments
Project Report
Sponsor, stakeholders, project team, future project teams.
Self-contained description of entire project, including problem approached, solution, final deliverables, success metrics, conclusions, and lessons learned. This is the project artifact that will be available in the future about the
project.
5-20 pages
Cover page and detailed table of contents
PROJECT OBJECTIVE & SCOPE
ORGANIZATION AND PROJECT CRITICAL SUCCESS FACTORS
ASSUMPTIONS
PROJECT ORGANIZATION
IMPLEMENTATION PLANWork Breakdown Structure
Responsibility Chart
Schedule
Resource Allocation
FINANCIAL PLAN
MONITORING AND CONTROL PLAN
RISK ASSESSMENT
SUMMARY
References and Appendices
: Relevant project management documentation, including an example of team meeting notes.
See sample:
Presentation
Sponsor, stakeholders, project team, peers
Highlight purpose of project, solution, and major accomplishments. Highlight unique aspects of project, including lessons learned.
Depends on duration
Project Objective
Overview: product deliverable
Approach & Plan: major interim deliverables, risk analysis, etc - focus on unique/interesting aspects
Results: product deliverable and measures of success. Include pictures when possible.
Lessons Learned
Focus on the unique elements of your project - what will your audience find most relevant and interesting?y
Explanation / Answer
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Table of Contents for the project:
Table of Contents
Table of Contents. 1
Cover Page: 2
Objective of the Project: 3
Scope of the Project: 3
Organization of the project: 4
Critical Success factors for the project: 6
Assumptions made: 6
How the project is organized: 7
Plan to implement: 8
Responsibility Chart (Hierarchy, who does what work) 9
Time schedule: 10
Resources Allocation: 11
Financial Planning: 12
Risk Assessment: 14
Summary: 15
Citation and References: 16
Cover Page:
Construction and home renovation
Objective of the Project:
Scope of the Project:
Organization of the project:
Budget for the following:
Critical Success factors for the project:
(The success of the Project depends on these major pillars of the project)
Assumptions made:
How the project is organized:
Plan to implement:
Work Break Down Structure (WBS)
Responsibility Chart (Hierarchy, who does what work)
Time schedule:
Resources Allocation:
Civil Engineers
Funds
Masons
Bricks
Sand
Cement
Steel rods
and other construction materials
Financial Planning:
Monitoring and control of the financial plan:
So we are borrowing 10 million, put in the work for 2 years and repay 11 million
When the sale price of 50 homes is 10 million, the construction cost can be aligned in such a way that there is a 30% return on Investment (ROI)
m = million
100 - 130
10 million - 130 * 10 million / 100 = 13 million
So we build houses for 10 million and sell them for 13 million
Repay the interest of 1 million and retain a profit of $12 million - not bad for a 2 year project work
so, for the $10 m, we can build 65 houses, sellable at 65 * 200,000 = $13, 000, 000 = $13 million
So these extra constructions of 15 houses are the ROI or profit
Risk Assessment:
Summary:
Over al, the project looks good, borrow $10 m, reap $13 m in just few years may look attractive as long as the market for housing and he supply demand goes in order
Citation and References:
Small business advice panel, Oxford University Press;
Project Plan to renovate 50 homes and resell (make bulk and save)
6 month per home; but 2 years for building 50 homes at a stretch
Median Home Sales price in USA
$200,000
50 homes
50*200,000= $10 million =
$10,000,000.00
Home Loan interest rate = 4%
Business loan interest rate = 9%
Equated Monthly Installements (EMI)
$456,847
Total Interest to be repaid
$964,338
Total Payment (Principal & Interest)
$10.9 million approx = $11 million
$10,964,338.00
So we are borrowing 10 million, put in the work for 2 years and repay 11 million
Project Plan to renovate 50 homes and resell (make bulk and save)
6 month per home; but 2 years for building 50 homes at a stretch
Median Home Sales price in USA
$200,000
50 homes
50*200,000= $10 million =
$10,000,000.00
Home Loan interest rate = 4%
Business loan interest rate = 9%
Equated Monthly Installements (EMI)
$456,847
Total Interest to be repaid
$964,338
Total Payment (Principal & Interest)
$10.9 million approx = $11 million
$10,964,338.00
So we are borrowing 10 million, put in the work for 2 years and repay 11 million
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