Hris Replacement

2002 WordsFeb 29, 20129 Pages
HRIS Replacement Project Plan for Riordan Manufacturing CMGT410 HRIS Replacement Project Plan for Riordan Manufacturing Resource Allocation The project will be analyzed to identify what resources are required for the Riordan HRIS replacement project. Identified resources will be added to the project plan as shown in Figure 1 - Riordan HRIS Project Resource Sheet. Each resources standard and overtime rate is added to the resources sheet for use in the budget. Figure 1 - Riordan HRIS Project Resource Sheet Cost Plan Part of project management is the estimation of the project cost. The budget can be derived from the project plan by looking at the following criteria (Marchewka, 2009): * estimated duration of activities, *…show more content…
Riordan Project Performance Measures Measurement Construct The Measurement Construct utilized in the Riordan Project is based on the adherence to estimate. Accurate project estimation is crucial in keeping project costs down and stakeholders happy. The Key Performance Indicator project managers want to minimize is expressed by the formula [(E-A)/E], where E = estimated Value to complete project and A = actual Value used to complete project. Project managers can substitute any value into the equation, such as hours or cost, to determine adherence to estimate. This will allow the project management team to spot trends early on during the project and then make the necessary adjustments. To better illustrate this concept figure 2 depicts the subtasks identified as Milestones. The project management has estimated the time required to complete the 1st phase of the project (Project Preparation) would require 10 days. Completion of the phase is signaled by the development of the Statement Of Works. The project management team could measure the performance of the project resources or team members by comparing the actual time required to complete the Milestone against the estimated time to complete the Milestone. Figure 3 - Milestones Figure 2 depicts that the estimated time to complete phase 1 was 10 days. If the actual
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