PROJECT MANAGEMENT
This assignment is in 2 parts: Assignment 1 & 2
Assignment 1 is due on Saturday  03 February; Time 18Hrs GMT
while Assignment B is due on Sunday 04 February; Time 15Hrs GMT
Budget: $25.00
Assignment 1:   Given the information provided for your assigned rocket assembly project (See Course Resources as per attached):   • Develop the cost management plan for your assigned rocket assembly project.   • Develop the human resource management plan your assigned rocket assembly project.   As limited to the rubric below:  Ensure that your project documents address the criteria of the rubric below and follows the stated requirements.   Cost Management Plan 1.1 Units of Measure  1.2 Level of Precision  1.3 Level of Accuracy  1.4 Process for Formal Acceptances  1.5 Process to Control Requests for Changes  1.6 Organizational Procedural Links  1.7 Control Thresholds  1.8 Rules of Performance Measurement  1.9 Reporting Formats  1.10 Process Descriptions  Human Resource Management Plan 2.1 Roles and Responsibilities  2.2 Project Organization Charts  2.3 Staffing Management Plan     GM592 Unit 3 Team Assignment: 50 Points  Content (0-30 points)   1. Tool Development (Cost Management Plan)    a) Units of measure. Each unit used in measurements (such as staff hours, staff days, weeks for time measures; or meters, liters, tons, kilometers, or cubic yards for quantity measures; or lump sum in currency form) is defined for each of the resources. 10  b) Level of precision. The degree to which activity cost estimates will be rounded up or down (e.g., US $100.49 to US $100, or US $995.59 to US $1,000), based on the scope of the activities and magnitude of the project  c) Level of accuracy. The acceptable range (e.g., :10%) used in determining realistic activity cost estimates is specified, and may include an amount for contingencies  d) Process that specifies how formal acceptances of the completed project deliverables will be obtained?  e) Process to control how requests for changes to the detailed scope statement will be processed as defined in the Integrated Change Control process (PMBOK section 4.5)?  f) Organizational procedures links. The WBS component used for the project cost accounting is called the control account. Each control account is assigned a unique code or account number(s) that links directly to the performing organizations accounting system. g) Control thresholds. Variance thresholds for monitoring cost performance may be specified to indicate an agreed—upon amount of variation to be allowed before some action needs to be taken. Thresholds are typically expressed as percentage deviations from the baseline plan.  h) Rules of performance measurement. Earned value management (EVM) rules of performance measurement are set.  i) Reporting formats. The formats and frequency for the various cost reports are defined.  j) Process descriptions. Descriptions of each of the other cost management processes are documented.    2. Tool Development (Human Resource Management Plan)  a) Roles and responsibilities of assigned skill sets? 10  i) Role?  ii) Authority?  iii) Responsibility?  iv) Competency?  b) Project organization charts?  c) Staffing management plan?  i) Staff acquisition?  ii) Resource calendars?  iii) Staff release plan?  iv) Training needs?  v) Recognition and rewards?  vi) Compliance?  vii) Safety?            Analysis (0-11 points)  Response exhibits strong higher-order critical thinking and analysis (e.g., evaluation). Paper shows original thought. 3  Analysis includes proper classifications, explanations, comparisons and inferences. 4  Critical thinking includes appropriate judgments, conclusions and assessment based on evaluation and synthesis of information.    Writing (0-9 points)  Grammatical skills are strong with typically less than one error per page. Correct use of APA when assigned. 3  Appropriate to the assignment, fresh (interesting to read), accurate, (no far-fetched, unsupported comments), precise (say what you mean), and concise (not wordy). 3  Project is in 12-point font. Narrative sections are double-spaced with a double space between. Project is free of serious errors; grammar, punctuation, and spelling help to clarify the meaning by following accepted conventions.
Assignment 2:
This Assignment is designed to evaluate your ability to research, organize, and demonstrate project data and financial information pertaining to the development of the feasibility study within the project planning phase.   
In this Assignment, you will be assessed on the following outcome:   Plan cost management with associated resources.   Planning is moving right along. You are in the process of pulling together the Cost Management Plan, your definitive cost estimate, the project spend plan and baseline, your human resource management plan, and your procurement management plan.
Given the information provided you for your assigned rocket assembly project (See Course Resources):
• Construct a definitive cost estimate based on your definitive duration estimate for your assigned rocket assembly project.
• Build a project spend plan with a graph of your cost baseline (Cumulative or S-Curve) with your EAC identified for your assigned rocket assembly project.
• Ensure that your project documents address the criteria of the rubric below and follows the stated requirements.   •
GM592 Unit 3 Individual Assignment: 40 Points
(0-24 points)
1. Tool Development (Definitive Cost Estimate)
a) Durations reflect task totals that match with deliverables? 12
b) Sub-task totals properly calculated and rolled up?
c) Work packages are accurate and controllable?
d) Work packages total to sub-tasks correctly?
e) Levels of effort reflect activity effort correctly?
f) Skill-sets totaled correctly?
g) Skill-set costs reflect rates and hour totals?
h) Duration total matches the total of all skill-sets?
2. Tool Development (Spend Plan with Baseline)
a) Reflects schedule planning increments (day/week/month)? 12
b) Incremental costs reflect labor/equipment/material costs (not counting indirect costs) and totaled incrementally as well as cumulatively?
c) Cumulative costs are depiction of total project costs?
d) Cumulative cost curve graph (S-curve graph)?
e) Cost baseline (S-Curve) based on total project cost?
f) Estimate at Completion (EAC) depicted on cost baseline graph?
Analysis (9 points)   Response exhibits strong higher-order critical thinking and analysis (e.g., evaluation). Paper shows original thought. 3
Analysis includes proper classifications, explanations, comparisons and inferences. 3
Critical thinking includes appropriate judgments, conclusions and assessment based on           3
evaluation and synthesis of information.
Writing (7 points)
Grammatical skills are strong with typically less than one error per page. Correct use of APA when assigned. 3
Appropriate to the assignment, fresh (interesting to read), accurate, (no far-fetched, unsupported comments), precise (say what you mean), and concise (not wordy). 2
Project is in 12-point font.
Narrative sections are double-spaced with a double space between.
Project is free of serious errors; grammar, punctuation, and spelling help to clarify the meaning by following accepted conventions. 2