Whistler Ski Resort Project

a. When is the project estimated to be completed? How many working days will it take?

If the estimations in a budgeting process are poor, the organisation and the customers may suffer.

Remember the old saying, "A project plan is not a schedule until resources are committed." This exercise illustrates this subtle, but very important, difference.

project data from work breakdown structures and schedules" and comparing it to "topdown project goals." After this, the teams are to estimate investment risks

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 A: This project is new to your company. You do not feel confident in estimating the project costs using internal resources. There are other companies that have done this type of work. Yet you still want the most accurate estimates possible.

592 Week 1 DQ 1 WBS Construction PROJ 592 Week 1 DQ 2 Project Cost Estimates and Assumptions PROJ 592 Week 2 DQ 1 Cost Components PROJ 592 Week 2 DQ 2 Estimating Processes PROJ 592 Week 3 DQ 1 Project Schedules PROJ 592 Week 3 DQ 2 Sensitivity Analysis PROJ 592 Week 4 DQ 1 Resource Allocation and Leveling PROJ 592 Week 4 DQ 2 Advanced Schedule Techniques PROJ 592 Week 5 DQ 1 Earned Value Calculation PROJ 592 Week 5 DQ 2 Project Monitoring and Control & EV PROJ 592 Week 6 DQ 1 Forecasting Project Completion Cost PROJ 592 Week 6 DQ 2 Project Control PROJ 592

Summary of the outcomes: The project stated on 15/12/2015 and it lasts for 2 months. During the project there were few stages such as initiating the project which happened in the beginning of the project. Then there was planning of the project which happened after 15 days of the project initiation. During next month there

The earned value analysis has led to see the project will control the actual budget, which is $18,000. The actual cost at the period 4 totaled to be $7,050, and total of earned value at period 4 is $7,750. The estimate at completion for typical is $22,550. These variances show that this project will exceed the original budget of $18,000, so we are still exceeding the project’s original budgets. The SPI is less than a value of 1, which means that the project will also over schedule and activity plans. The requests immediate actions from the third-party company.

Based on our estimate cost, we will need different number of employees each month to finish the project. This is going to be a big construction which will include different type of staffing. We will rely on both an architect and a contractor.

Activities A, B, and C are the starting tasks, while activities I and J are the end activities of the project. Dummy activities Start and Finish with duration 0 are added in the network diagram to make the calculation of critical paths simpler (You can remove these dummy variables if you want). Following duration for each activities are provided:

The analysis of the financial projection in this report is based on the assumptions and the information which you (client) provided. These assumptions and information can be change with the passage of time. The

If the project is started on March 1st, 2012, the finish date is July 30th, 2013.

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

* Many IT professionals think that preparing cost estimates is a job for accountants when in fact, it is a very demanding and important skill that project managers need