Benefits Realisation Management And Influence

Accurate Project Management Estimation

What Is The Benefits Realisation Management And Its Influence?

Accurate estimation of the project management would be required for easing the simplification of the activities. The project management deals with the analysis of the activities for the project development and utilization of the functions supporting the implication of the functions. The project management would deal with the implication of the factors aligning with the development of the factors. The utilization of the critical estimation would be helpful for the alignment of the factors depicting the faster and effective project management. The critical estimation is deployed for listing the alignment of the functions of the  project development model.

1. What are the differences between bottom-up and top-down estimating approaches? Under what conditions would you prefer one over the other?

The bottom up and top down is an effective estimation techniques implied for the development of the improved analysis and methodology. The estimation of the budget, schedule, and duration of activities is based on the alignment of the specific formation of the factors so that the project is completed in effective time duration. The defining of the operations of Advantage Energy Technology Data Center Migration is based on the implication of the effective project activities so that the deployment can be formed with the implication of the factors. The major difference between the top down and bottom up estimation is based on the impact on the project budget estimation. The bottom up is dependent on the activities aligned for the project while the top down estimation is based on the resource implied for the project development methods.

1. What are the major types of costs? Which costs are controllable by the project manager?

The major types of costs included in the project of Advantage Energy Technology Data Center Migration can be classified into human labour costs and material costs. The employment of the various human resources like project manager, network administrator, database developer, and other workers would require a specific amount of salary or wage as the cost. The materials like modems, routers, hardware, software, and other materials would be aligned for exhausting a specific amount of cost for the project.

The project manager can manage the costs of materials for ensuring that the project can be completed in the estimated time duration. The material costs are unavoidable costs that cannot be managed.

1. Define what a “white elephant” is in project management? Provide a real-life example.

White Elephant is a term used for the representation of the cost factor aligning with the implication of the improved operations for the project. The white elephant would be developed for aligning with the improved activities that can result in forming the loss to the organization. For example- the deployment of the application can result in loss for small scale industries as most of the people would not be using the application for local services.

1. How are WBS and project networks linked?

Types of Costs in Project Development

The WBS is the representation of the project activities in a specific work packages grouped together for easing the understanding of the operations depicting the significant analysis of the operations. The deployment would be helpful for easing the process of the network diagram development. The analysis would be helpful for easing the flow of activities and realizing the formation of the work network. The WBS network development would be eased with the utilization of the clear project plan development.

1. Why bother creating a WBS? Why not go straight to a project network and forget the WBS?

The work packages can be easily developed into the project network depicting the simplification of the operations. The implying of the smart activities would be supportive for the deployment of the operations aligning with the utilization of the factors depicting the analysis of the successive network diagram. The network diagram can be easily drawn with the help of the work package developed while developing the WBS. The work breakdown structure is helpful for easing the implication of the factors developing the utilization of the smart development factors.

1. Why is slack important to the project manager?

Slack is the extra time that allows the implication of the operations even for extended period of time. The non critical activities have some extra time that they can be shifted within for ensuring that the critical tasks are intact and no change in duration of the project. The slack allows the utilization of the appropriate extra time for managing the project activities over the critical time period.

1. What is the difference between free slack and total slack?

The free slack is the excess time for which the project activities can be shifted without causing any major problem for the project implication development. The total slack is the time required for the alignment of the factors using the implication of the operations. The comparison of the two slacks is based on the implication of the activities for forming the implication of the effective utilization of the operations. The difference in the two slacks is the reason of their occurrence like free slack does not have any specific influence and the utilization of the specific functional analysis.

1. Why are lags used in developing project networks?

Lags are helpful for calculating the change in duration among the project activities and it would support the alignment of the project activities. It would support the implementation of the activities using the implication of the improved activities.

1. What is a hammock activity, and when is it used?

The hammock activity is aligned for the utilization of the activities forming the analysis of the dates and the tasks associated with the project. The formative alliance of the activities can support the execution of the activities.

The project of Advantage Energy Technology Data Center Migration is implied for the analysis of the operations so that improved communication operations can be installed in the organization. The following project plan is aligned for the implication of the integration of the activities supporting the development of the effective data center migration,

WBS	Task Name	Duration	Start	Finish
0	Advantage Energy Technology Data Center Migration	77 days	Mon 8/6/18	Tue 11/20/18
1	Initialization	9 days	Mon 8/6/18	Thu 8/16/18
1.1	Analysis	2 days	Mon 8/6/18	Tue 8/7/18
1.2	Resource Accumulation	3 days	Wed 8/8/18	Fri 8/10/18
1.3	Hiring Brian	1 day	Mon 8/13/18	Mon 8/13/18
1.4	Ordering new racks and cables	1 day	Tue 8/14/18	Tue 8/14/18
1.5	Delivery of racks	2 days	Wed 8/15/18	Thu 8/16/18
2	Planning	13 days	Fri 8/17/18	Tue 9/4/18
2.1	Board Meetings	1 day	Fri 8/17/18	Fri 8/17/18
2.2	Activity Planning	3 days	Mon 8/20/18	Wed 8/22/18
2.3	Schedule development	4 days	Thu 8/23/18	Tue 8/28/18
2.4	Team Recruitment	3 days	Wed 8/29/18	Fri 8/31/18
2.5	Plan Approval	2 days	Mon 9/3/18	Tue 9/4/18
3	Construction Phase	42 days	Wed 9/5/18	Thu 11/1/18
3.1	Site renovation	10 days	Wed 9/5/18	Tue 9/18/18
3.2	Floor Construction	6 days	Wed 9/19/18	Wed 9/26/18
3.3	Power Supply Development	8 days	Thu 9/27/18	Mon 10/8/18
3.4	Cables are laid	5 days	Tue 10/9/18	Mon 10/15/18
3.5	Switchover approved	1 day	Tue 10/16/18	Tue 10/16/18
3.6	Development Phase	3 days	Wed 10/17/18	Fri 10/19/18
3.7	Network Designing	3 days	Mon 10/22/18	Wed 10/24/18
3.8	Ventilation System developed	4 days	Thu 10/25/18	Tue 10/30/18
3.9	Replacing old supplies	2 days	Wed 10/31/18	Thu 11/1/18
4	Closure	13 days	Fri 11/2/18	Tue 11/20/18
4.1	Testing of network	5 days	Fri 11/2/18	Thu 11/8/18
4.2	Sign off documents	2 days	Fri 11/9/18	Mon 11/12/18
4.3	Network transfer	4 days	Tue 11/13/18	Fri 11/16/18
4.4	Battery Change	2 days	Mon 11/19/18	Tue 11/20/18
4.5	Closed	0 days	Tue 11/20/18	Tue 11/20/18

Resource Name	Work	Standard Rate	Cost
Project Manager	104 hrs	$100.00/hr	$10,400.00
Facility	16 hrs	$60.00/hr	$960.00
Operator	104 hrs	$80.00/hr	$8,320.00
System Developer	128 hrs	$95.00/hr	$12,160.00
Contractor	24 hrs	$90.00/hr	$2,160.00
Vendor	64 hrs	$75.00/hr	$4,800.00
City Inspector	24 hrs	$50.00/hr	$1,200.00
Racks	1	$1,680.00	$1,680.00
Cables	1	$2,500.00	$2,500.00
Building Materials	1	$3,060.00	$3,060.00
Client	24 hrs	$0.00/hr	$0.00
Telecommunicator	96 hrs	$80.00/hr	$7,680.00
Total Budget	$54,920.00

 

References

Martinelli, R.J. & Milosevic, D.Z., (2016).  Project management toolbox: tools and techniques for the practicing project manager. John Wiley & Sons.

Nicholas, J.M. & Steyn, H., (2017). Project management for engineering, business and technology. Taylor & Francis.

Schwalbe, K., (2015). Information technology project management. Cengage Learning.

Serra, C.E.M. & Kunc, M., (2015). Benefits realisation management and its influence on project success and on the execution of business strategies. International Journal of Project Management, 33(1), pp.53-66.

Snyder, C.S., (2014). A guide to the project management body of knowledge: PMBOK (®) guide. Project Management Institute: Newtown Square, PA, USA.

Svejvig, P. & Andersen, P., (2015). Rethinking project management: A structured literature review with a critical look at the brave new world. International Journal of Project Management, 33(2), pp.278-290.