Complete your project plan: Developthe Project Plan. This document communicates the schedule,...

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Complete your project plan:				Developthe Project Plan. This document communicates the schedule, budget, and resource requirements for the project. The needs of the project will determine which components of the project plan are required. For this assignment, the following elements are required:			Scope baseline		Schedule baseline		Cost baseline		Performance measurement baseline		Analyzethe Project Plan you developed for any areas where changes can be made that will optimize the schedule for time and cost.	Identifywhich steps you will take to attempt to shorten your project finish date and decrease project costs, using schedule optimization strategies. Update your project plan accordingly.	Note. When you are satisfied that you have done your best to create the most efficient plan possible, save the baseline for the project plan so that you have a point in time to measure progress against and variances can be analyzed as the project progresses.	Referto the rubric provided. Each of the sections of the plan will be evaluated for completeness and quality (i.e., realistic content) as it relates to your project.	Note. MS Project software is available to PC users at no additional cost through the University. You may choose to use this software to complete this assignment, but it is not a requirement. The optional text ofDynamic Scheduling® With Microsoft® Project 2013is a good resource for using the MS Project software.	Considerhow you might approach getting your organization to revise their Project Management Plan format to ensure it meets PMBOK minimum best practices.

Banasree · Accepted Answer

Project Plan:
Scope – In terms of scope of the project detail work breakdown structure was implemented in regards to the work package.
Schedule Baseline – Estimated duration for the project and actual duration of the was implemented in the project schedule.
Cost baseline – In terms of the cost estimated cost was implemented in terms of the milestone. Project report evident that project is within the budget.
Performance Baseline – Project performance indicators are:
	In terms of the cost –
1. Cash Flow
2. Cash Overflow
3. Cost Variance.
4. Earned Value Analysis.
In term of the resources:
1. Resources Overview
2. Resources overallocation.
Project Analyze: Project estimated budget is $800000. Actual project $57,023.20. Hence institution can organize number of matches as per their requirements.
Follow-up question:
As you worked on finalizing your project plan, what methods did you use to optimize the plan for time and cost?
Ans. Project Optimization procedures utilized for this assignment are:
1. Fast track approval process view of legal and liaison team.
2. Project was analyzed and evaluated by the critical path method.
3. Apart from the critical path method pert analysis was also implement in the project plan.
4. Adequate resources are implemented.
5. Resources levelling are in right manner. No overallocation was found in the project report.
6. Project plan was reviewed and evaluated as per the organization requirements.
	
In weighing impacts to quality, risk, and resources, how did you make final decisions regarding tradeoffs?
Ans. 
Quality: Few basic elements was implemented to in terms of the quality, they are:
1. Stakeholder focused.
2. Research and development of the project plan in regular basis.
3.

Complete your project plan:Developthe Project Plan. This document communicates the schedule, budget, and resource requirements for the project. The needs of the project will determine which components...

Answer To: Complete your project plan:Developthe Project Plan. This document communicates the schedule, budget,...

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