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Project Mgmt Wk4 Essay Q &a

In: Business and Management

Submitted By mason43
Words 419
Pages 2
What is your total budget for this project?
The total budget for this project will be met with the original figure of $2,750,000 that was presented in the project scope and charter. Yes, the project budget that was set forth by the board of directors will remain the same.
The budget for the Planning Phase is as follows:
General Contractor $2800.00; Building Design $32,000.00; Site Cost $216,000.00; Permit $3,200.00; Architect $2,600.00; Personnel Director $4,000.00; Real Estate Consultant $2,200.00; Accounting Director $1760.00 this planning phase budget totals to $264,560.00. The duration of the planning phase will be no longer than 4 -6 weeks.
What is the budget for Preparation Phase?
The preparation phase budget is the following:
Building Cost $1,200,000.00 and Landscaping $26,000.00 which the total was $1,226,000.00.
The duration of this will be 40 weeks that is including the landscaping. The Landscaping will be last of the preparation once the building is up the landscaping will be done.
As your project launches, what are some of the key performances indicators that you will monitor and control?
As the project continues to move forward I would continue to be proactive throughout the duration of the project. Weekly meeting are essential to have with team members to update the project status. Bi-weekly meeting are also essential with stakeholders and project teams in the project to update them on the status of the project. MS project is a key tool to utilize to monitor and control the project as well as to present using a visual assistance from graphs and charts.
By executing the process through these three elements which are perform the work, monitor and control progress; and control changes. These three elements are very important and must be followed to stay on track and to be successful in completing the project in an effective,

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