Project Releasing and Investors bidding

Project WBS and Schedule

Overview

This is the second of four assignments which, as a whole, will cover all aspects of the project life cycle relevant to your selected project.

((Please Find attache Part 1 (project proposal) to utilize and work off of))

Now, it is time to develop a work breakdown structure (WBS) and project schedule for the project that you discussed in your Project Proposal assignment.

Instructions

This assignment requires you to:

• Create a WBS for your project using the proper format (MS Word, MS Excel, Visio, or any other applicable format) to depict the WBS graphically (see Figure 4.1 from Chapter 4 of Successful Project Management). Alternatively, you may use a coded format using MS Word (see Figure 4.3 from Chapter 4 of Successful Project Management: as an example). The example is in MS Project format, but the same could be done in MS Excel.
• Create a project schedule that lists all of the core activities, dates (start and finish), and resources to complete your project. While it is recommended that you use MS Project, you can use MS Excel to create your schedule. Your project schedule must contain at least 30 separate activities or tasks, including the critical path.

The specific course learning outcome associated with this assignment is:

• Develop a work breakdown structure (WBS) and schedule for a project using appropriate digital tools (Word, Excel, Project, Visio, etc.).

Notes from professor:

This WBS and its schedule is ONE document. WBS has a very specific format that must be used and the schedule contains data within this format such as task, start and finish dates, resources, AND CRITICAL PATH (YES OR NO).

Ensure you list 30 separate activities or task (remember, these must be activities or tasks that are needed to deliver a finish product or service.

Meeting with the customer, planning sessions with teams etc are NOT ACTIVITIES OR TASKS GERMANE TO THE FINAL PRODUCT OR SERVICE.

Yes they may be needed but these fall outside the realm of the specific tasks or activities needed to be completed in deliver the actual project product or service. So creating a WBS, planning and or designing are not and should not be part of your WBS.

Rubric:

Create a WBS for a project using the proper format (MS Word, MS Excel, Visio, or any other applicable format) to depict WBS graphically.0(0.00%)

Levels of Achievement:Unacceptable 0 (0.00%) pointsNeeds Improvement 31.2 (39.00%) pointsSatisfactory 36 (45.00%) pointsCompetent 40.8 (51.00%) pointsExemplary 48 (60.00%) points

Create a project schedule using the proper format, utilizing a computerized software program (e.g., MS Project, MS Excel) to depict the project schedule that includes at least 30 activities or tasks, including the critical path. Be sure that all typical components (e.g., start date, end date, resource name, duration) in a project schedule are included.0(0.00%)

Levels of Achievement:Unacceptable 0 (0.00%) pointsNeeds Improvement 20.8 (26.00%) pointsSatisfactory 24 (30.00%) pointsCompetent 27.2 (34.00%) pointsExemplary 32 (40.00%) points

Attached you will find the first attempt (WBS) with a failing grade this is the review and feed back:

You earned a grade of F on this assignment (0%, 0 out of 80). This paper has a good foundation, but there are several areas needing more detail and explanation. After you review my feedback below and the Rubric, you can re-write the paper to address the areas I’ve noted and strongly suggest reading the assignment instructions and or viewing the video again. I’ll then re-grade with NO penalties as long as the paper is submitted within four (4) days of this feedback date. Otherwise, resubmission will be subject to Late Submission Policy and points will be deducted accordingly. I’m confident that you can earn a higher grade on this paper. Now, let’s take a look at your paper.

Did not submit or incompletely created a WBS for a project using the proper format (MS Word, MS Excel, Visio, or any other applicable format) to depict WBS graphically.

Did not submit or incompletely created a project schedule using the proper format, utilizing a computerized software program (e.g., MS Project, MS Excel) that depicted a schedule that included at least 30 activities or tasks, including the critical path. Missing key components (e.g., start date, end date, resource name, duration) in a project schedule.

Project WBS and Schedule

The work breakdown structure presented involves four processes, which are

i. Initiation phase,

ii. Planning phase,

iii. Market research phase

iv. Execution phase

The Initiation phase comprises of all the activities involved in the start of the project. The planning phase involves all the planning in completing the project on the production of products. The marketing research phase involves researching the market before launching the product and implementing marketing strategies in the execution phase. The execution phase comprises the last significant activities, including product review, launching of the products, and implementing marketing strategies. Moreover, this phase will involve monitoring the progress of the project for the first few weeks to identify if there are any changes to be made on the perfume’s products.

Running Head: WBS 1

 

WBS 3

The primary reason for developing WBS is to help reduce complicated activities in the project into a task collection. In addition, this will be of significance in various approaches. One of the significances, it will assist in providing the team members to understand their role in the overall project, by indicating the impact of their work on the project. The other significance will be to estimate the time, costs, and resources needed.

 

Project WBS & Schedule

 

 

Initiation phase

 

 

Gathering and Analysis of requirements

*Defining processes for gathering requirements

*Project Releasing and Investrs bidding.

*Extraction of raw materials.

*Analyzing requirements

 

 

 

Developing Project Charter

*Development of the business case

*Defining the scope of the project

*Establishing of resource estimates, costs, and high-level time.

*Documenting of the Project’s Charter.

 

 

 

Execution Phase

 

 

Launching of production of products.

*Product Delivering.

 

 

Monitoring the Project progress.

 

 

Approval to the next phase

 

 

Market research Phase

 

 

Prep Work

*Defining research objectives.

*Identifying brainstorming team. *Developing agenda

*Scheduling research activities.

 

 

Planning Phase

 

 

Statement Scope

*Defining key project objectives.

*Creating Scope descriptions.

 

 

Performance Baseline measurements.

*Establishing baseline

*Defining Budget for the project.

*Creating Schedule.

 

 

Procurement Planning.

*Developing statement for the project.

*Developing procurement Management plan.

 

 

Scheduling Project’s plan

*Defining Project’s milestones.

*Scheduling work plan

 

 

Brainstorming Session

*Analyzing the market conditions.

*Identifying Risks.

*Gathering and Analyzing Ideas.

 

 

Sourcing Selection

*Primary Market Research

*Identifying demographics.

*Identifying test market.

*Conducting and compiling research.

*Generating report.

 

 

Resource management

*Naming Project Team members, Roles and responsibilities.

*Creating work Chart,

*Defining all the stakeholders

*Identifying the source of raw materials.

 

 

Supporting the Processes in Project Milestone plan

*Documenting Control and quality assurance plan.

*Document Communication plan.

*Document processes in risks management.

*Documenting changing management procedures.

*Creating a draft project plan

 

 

Approval to the next Phase.

 

 

Approval to the next phase

 

 

Launching the marketing Strategies

*Product marketing.

 

 

Product Review

*Checking the product.

*Testing the products