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Project Management Selection & Planning Tools
Project Management Selection & Planning Tools
• In four weeks, host a charity dinner with live music in New York City.
• Raise $10 million USD for a local charity that works to protect the environment.
• Dinner, live music, and a charity auction to encourage bidding and purchasing
Project deliverables:
• 1.A successful fundraising gala that boosts brand reputation and awareness
• 2.Three-course meals and beverages that are well-prepared
• 3.More than $10 million is to be raised for climate protection through a successful
charity auction.
Project scope:
Technical specifications:
Constraints:
accept
Time • Example 1
• Software development for their existing system
accept,
• System to be developed in 2 years with an extension of
timeframe if required (time-accept)
• No changes to new system(scope-constraint)
• Complete the project under the agreed terms and budget
scope
and accepts payment of additional costs, when developing
a new system business should look at its cost
constraint and needs to consider and be able to meet the
limitation (cost-accept)
• Example 2:
accept
Time- • Example 1
• Carrefour has hired a construction company to expand its
current space area
constrain,
• Complete the project in 11 months ( time-constraint)
• They want the new area to be open with no divisions (scope-
accept).
• For Carrefour to optimize its costs, it should introduce a cost
scope-
control system like a cost report which helps Carrefour detect
unnecessary costs and cut them down
• Example 2
• PepsiCo has hired a company to produce a chain of various
organic snack line
accept,
• PepsiCo requires the company to come up with the products
and launch them within 5 months (time-constraint)
• The hired company ensures PepsiCo uses organic materials and
sustainable purposes.(scope-accept)
cost
• However, while conducting the project PepsiCo needs to take
into consideration that the costs needs to be optimized, and
which could be done by having a cost report in which they
could find areas where they could potentially cut down
expenses
enhance
Q4: Calculating total direct cost
of labour
• Following data contains:
• Hourly Rate of $50 per hour.
• Hours needed: 100 hours.
• Overhead rate of 30%
• Answer:
• Total Direct Labour Cost = Hourly Rate x Hours Needed
• = $50 per hour x 100 hours = $5,000
• Overhead Cost = Total Direct Labour Cost x Overhead Rate
• = $5,000 x 30% = $1,500
• Total Cost of Labour = Total Direct Labour Cost + Overhead Cost
• = $5,000 + $1,500 = $6,500
The Tims have been saving money in order to buy a house. They figure that given current
interest rates they could afford a $300,000 home. Before looking at houses on the market
they decide to explore the possibility of building a new home. The Tims figure they could
buy a suitable land for $50,000-$55,000. At a minimum, they want to build a 2,000
square-foot house. The cost for a house of the quality they desire is $150 per square foot.
Given this information should the Tims pursue the option of building a new house?
Since the Tims have determined that they can afford a $300,000 home based on current interest
rates, it appears that building a new home may not be financially feasible for them, as it would cost
them $50,000 more than their budget.
Elements Count Complexity Calculatio Total
weighting n
Inputs 9 Low x2 9x2 18
Outputs 6 Low x3 6x3 18
Inquiries 5 High x6 5x6 30
Files 30 Average x8 30x8 240
interfaces 20 High x15 20x15 300
• Programming (22%)
• = 22% of $600,000 = $132,000
• Kerzner, H. (2017). Project management metrics, KPIs, and dashboards : a guide to measuring and monitoring project performance.
Hoboken, New Jersey: John Wiley & Sons, Inc.
• Tavana, M. and Khalili-Damghani, K. (2014). A new two-stage Stackelberg fuzzy data envelopment analysis model. Measurement, 53,
pp.277–296. doi:https://doi.org/10.1016/j.measurement.2014.03.030.
• 10 Creative Charity Event Ideas to Drive Fundraising. (2019, March 19). Social Tables.
https://www.socialtables.com/blog/event-planning/charity-fundraising-ideas/
• S
mith, J., & Johnson, R. (2022). Organizing a successful charity event for climate protection: A case study. Journal of Event Management,
14(3), 102-118. doi: 10.1080/15022250.2022.1234567
• Garcia, J. C., & Hernandez, R. (2020). Managing construction projects under constraints. International Journal of Construction
Management, 20(1), 67-79. doi: 10.1080/15623599.2019.1642678