Schedule, Cost Estimate, and Integrated Change Control

Schedule, Cost Estimate, and Integrated Change Control
Introduction
This portfolio work project includes a project schedule, project budget, and an integrated change control plan, based on your selected business or IT project. You may base your assignment on the Cosmo, Inc. case study, a developer and distributor of wearable technology, or a project of your choice.
Project integration management is defined as “the processes and activities to identify, define, combine, unify, and coordinate the various processes and project management activities within the Project Management Process Groups” (Project Management Institute, 2017, p. 569).
Throughout a project life cycle, processes and activities involved in project integration management include identifying, defining, combining, and unifying processes and activities that are implemented throughout the entirety of the project. Project schedule, costs, and change control are components of an integrated approach to successful project outcome. Change management is considered integrated, because it considers the impact of any change in cost, schedule, scope, quality, risk, resources, or customer satisfaction on all the other factors.

Scenario
Option A: Based on the analysis completed by a task force at Cosmo, Inc., the marketing department is to develop, implement, and test a new marketing campaign focused on maintaining current customer levels and increasing their customer base through the utilization of new technology. Refer to the Cosmo, Inc. business case document in Course Resources for more information.

Part 1: Project Schedule Activity Sequencing
Create a diagram using software of your choice that shows the logical relationships among the schedule activities that your project involves. Note that finish-to-start is the most commonly used precedence relationship in activity sequencing.
In your activity-sequencing diagram, show logical relationships and consider the following types:
Finish-to-start – The predecessor activity needs to finish before the successor can start.
Finish-to-finish – The predecessor activity needs to finish before the successor can finish.
Start-to-start – The predecessor activity needs to start before the successor can start.
Start-to-finish – The predecessor activity needs to start before the successor can finish.
Part 2: Project Cost Estimate
Prepare a cost estimate or budget for your selected project:
Identify the costs of each task and create categories (Labor, Materials, Contractor, Equipment, Misc., et cetera) to prioritize project expenditures.
Identify and quantify:
Constraints: Activities or elements that affect the execution of a project and impact time, costs, or performance.
Dependencies: Activities or elements that have either a negative or positive dependency on costs, time, or performance.
Assumptions: Factors considered to be certain, without proof, that impact project time, costs, or performance.
Provide graphical representation or representations of budget.
Part 3: Integrated Change Control Plan
Design your team’s integrated-change-control-plan document for the project. Include the following items (at minimum):
Instructions for setting up a change-control board and scheduling recurring meetings.
Procedures for reviewing and approving requested changes.
Procedures for managing approved changes.
Areas that need to be updated after approved changes are implemented.
Preparation
Use the software of your choice to develop the deliverables for this assignment.
This assignment has three deliverables:
Deliverable 1: Develop an Activity Sequencing document using your choice of word-processing applications, including Microsoft Word.
Deliverable 2: Using the Cost Estimate Template [XLS] (linked in the Resources), include the following in the Project Cost Estimate or Budget.
Deliverable 3: Develop an Integrated Change Control Plan document using your choice of word-processing applications, including Microsoft Word.
Deliverable Format
References: There is no set number of references required for this assignment. Use scholarly or academic sources where applicable.
Format:
Deliverable 2: Use the Cost Estimate Template [XLS] (linked in the Resources) provided.
Deliverables 1 and 3: Use your choice of Microsoft Word, Visio, or PowerPoint to develop the Activity Sequencing document and the Integrated Change Control Plan
All assignments are professional documents and should therefore follow the corresponding Academic and Professional Document Guidelines [PDF] (linked in the Resources), including single-spaced paragraphs.
Use APA style and format for any references or in-text citations.
Length: Use the template for the Cost Estimate (Budget). There is no length requirement for the Activity Sequencing document or the Integrated Change Control Plan document.

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