Pm592 Week 6 Hw

“Strategic HR planning predicts the future HR management needs of the organization after analyzing the organization's current human resources, the external labor market and the future HR environment that the organization will be operating in” (HR Council, n.d.). Human resource planning directly ties in to an organization’s strategic development and implementation by calculating company trends, resources, design, previous works and future expansion and ensuring that the impending requirements are met. This paper will further examine the role of human resource development

1. What is the estimated project completion date? (Assume there are no holidays and ignore the sunk cost of the planning team’s effort)

Project B: The work of this project has not likely been done before by anyone. You are breaking technological barriers in this project. As such, it is imperative you get accurate cost estimates.

A project has been estimated to take six weeks and cost $130,000. Cost and percent complete data are provided in the table below through 3 weeks of the project. % scheduled data can be obtained from the Gantt chart following the table.

The report is based on the e-learning activity of week four and week six, which focuses and outlines the idea of diversities in organizational management and the role of structure and strategy. Blog four mentions about the interrelationship between the managerial structure and the strategy and how they each act to attain the goal and objectives. Blog six is based on linear programming.

Market live is an online game that helps to educate students in making real life business decisions and seeing their results. The game included five teams that were starting new companies entering the microcomputer business. They were given investment money to help them start their business. By using that capital to open sales offices, web sites, design their brand, and build their factory. Since microcomputer industry was in the introductory stage of the product cycle there was no previous history nor established competitors. The teams were given six quarters to get their companies up and running. In those quarters each team should have become self-sufficient and earned substantial profits from their operating decisions. The team’s cumulative performance

The project path of task B(7 weeks) plus task F(10 weeks) plus task G(6.5weeks) plus task I(6.5weeks) plus task J(3.5weeks) which equals 33.5 weeks total.

The cost planning is one of important phases for project management. It will goes through whole project’s life cycle. It is foundation of project and it will tell the project are measured, reported and controlled in every process. Estimating is the process of forecasting or approximating the time and cost of completing project deliverables.

Managing a budget and schedule can be very difficult in everyday life, let alone managing a budget and schedule for a multi-million dollar project. Many tools are available to help with project management to aid in managing a project with a vast amount of factors involved. In the article, ‘How Gantt Charts Can Help Avoid Disaster’ by Linda Russell, she explained how a Gantt chart may have helped this failed project. To name a few issues, the project didn’t have a dated project plan, the project had not determined the critical path, there was no baseline project plan, and there was a major scope change in the middle of the project. Poor scheduling management led the company to penalty charges. And all of this also pointed to poor communication.

Initial projections show that the current schedule will take 50 weeks to finish with a final budget estimate of $3.152 million. Although the project estimate comes in under budget, the time frame for completion extends beyond the acceptable 45

Initial projections show that the current schedule will take 50 weeks to finish with a final budget estimate of $3.152 million. Although the project estimate comes in under budget, the time frame for completion extends beyond the acceptable 45

7.0 Budget Estimate and Financial AnalysisA preliminary estimate of the cost for the entire project is $200,000. This includes the hire of a temporary project manager, and the hours used by current employees to work on the project. Project savings comes in the form of reduced health insurance cost due to a healthier workforce that makes fewer claims.

1. Draw a Gantt chart for the construction phase of the program. What is the completion date

4. During which month of the project are the highest and lowest costs expected to

Estimate Time and Cost: it is very crucial for every project to estimate how much time will project takes to complete and base measurement cost for entire completion of the project.