Using the process that you developed in Group Project 1. Build out a project using your new methodology. The Project Using your new methodology, SCC would like you to complete the fo
Using the process that you developed in Group Project 1. Build out a project using your new methodology.
The Project
Using your new methodology, SCC would like you to complete the following project:
Scope: The scope of the project consists of 9 applications
Below is key information necessary to complete your project
If you choose to leverage IRR, NPV, PBP, or PV you will use the information below:
Initial Development Cost (YR 0)
Year 1 Income
Year 2 Income
Year 3 Income
Year 4 Income
Year 5 Income
Application 1
$ 100,000.00
$ 25,000.00
$ 28,750.00
$ 34,500.00
$ 36,225.00
$ 36,587.25
Application 2
$ 125,000.00
$ 30,000.00
$ 36,000.00
$ 39,600.00
$ 40,392.00
$ 41,199.84
Application 3
$ 150,000.00
$ 15,000.00
$ 18,300.00
$ 19,215.00
$ 20,752.20
$ 21,789.81
Application 4
$ 75,000.00
$ 15,000.00
$ 19,500.00
$ 20,865.00
$ 22,116.90
$ 23,222.75
Application 5
$ 135,000.00
$ 50,000.00
$ 55,000.00
$ 56,100.00
$ 61,710.00
$ 65,412.60
Application 6
$ 210,000.00
$ 62,000.00
$ 71,300.00
$ 72,013.00
$ 72,733.13
$ 75,642.46
Application 7
$ 175,000.00
$ 85,000.00
$ 106,250.00
$ 111,562.50
$ 117,140.63
$ 119,483.44
Application 8
$ 175,000.00
$ 60,000.00
$ 73,200.00
$ 74,664.00
$ 80,637.12
$ 83,056.23
Application 9
$ 130,000.00
$ 75,000.00
$ 99,000.00
$ 101,970.00
$ 108,088.20
$ 110,249.96
Given the critical nature of the project, the company has developed a high-level budget and potential income for each application.
- Year 0 is the projected cost the company has estimated for the build of the component. This includes a 15% overhead cost for project management work
- Year 1-Year 5 is the amount of revenue the company has estimated for the product
- The Acceptable Rate of Return for all projects with the company is 10%
If you choose to use Dot Matrix Voting or Monopoly Money, you will use the following information
Total Dots
Monopoly Money
Application 1
29
$ 4,487.00
Application 2
19
$ 5,797.00
Application 3
23
$ 3,280.00
Application 4
21
$ 3,942.00
Application 5
18
$ 4,792.00
Application 6
29
$ 4,659.00
Application 7
12
$ 4,579.00
Application 8
17
$ 2,071.00
Application 9
9
$ 3,177.00
Team Available – The company has identified the following individuals who will be available to support the application development. Each individual can work on a single application.
Application Developer 1
$70.00 per hour
Application Developer 2
$65.00 per hour
Application Developer 3
$50.00 per hour
Application Developer 4
$65.00 per hour
1 Contractor (Application Developer)
$130.00 per hour
Manage a project
- Describe the process that your team will use to elicit and decompose the requirements for the project
- Develop a Project Overview Statement document for the project
- Create a WBS for the project. Remember your WBS is a deliverable base, so there should be a section of your WBS that outlines our project management deliverables
- Determine an updated budget
- Using the following information develop a Gantt chart
Information in Months
Optimistic Estimate
Pessimistic Estimate
Most Likely Estimate
Application 1
11
13
12
Application 2
9
11
10
Application 3
12
14
13
Application 4
8
10
9
Application 5
13
16
14
Application 6
9
11
10
Application 7
8
10
9
Application 8
16
19
18
Application 9
15
18
17
- Describe 2 strategies you can use to bring the project timeline to 12 months.
- Develop a team agreement
- Using your defined prioritization process, prioritize each application.
- Identify at least five stakeholders for your project and a communication strategy for each individual.
- Identify at least five risks to include both threats and opportunities associated with the project. For each risk, please include the following information:
·
- Impact
- Probability
- Description of the risk
- Mitigation Strategy
- Describe the process your team can use to determine if the projects are making the appropriate revenue.
Assignment Requirements:
There is no narrative paper required for this project, however, a "narrative PowerPoint slide" should be submitted, which should include an audio presentation by all the team members.
The PowerPoint slide should be submitted as a group to be graded. (Hint: each team member can record their piece of the presentation and the project manager can consolidate everything into one single file to be submitted. The entire audio presentation should not be more than 30 minutes, and should not be more than 25 slides.)
The slide deck should include the following:
- Overview of the Project Management Process
- A pictorial review of how requirements will be elicited and decomposed
- Project Overview Statement
- WBS for the project
- Project Budget
- Gantt Chart
- Team Agreement
- Overview of the prioritization process and prioritization process
- Stakeholders
- Risks
- Overview of the process used to ensure appropriate revenue
Sheet1
| ID | Description | Percentage | Total Points | Yes/No | Calculated | Points Available | 50 | ||
| 2 | Project | 90% | 45 | 0 | |||||
| Describe the process that your team will use to elicit and decompose the requirements for the project | 10% | 5 | |||||||
| Develop a Project Overview Statement document for the project | 5% | 2.5 | |||||||
| Provided WBS | 7% | 3.5 | |||||||
| Provided Gantt Chart | 7% | 3.5 | |||||||
| Develop an updated budget | 5% | 2.5 | |||||||
| Described 2 strategies to bring in the project timeline to 12 months | 10% | 5 | |||||||
| Developed a team agreement | 10% | 5 | |||||||
| Using your defined prioritization process, prioritize each application. | 10% | 5 | |||||||
| Identify at least five potential stakeholders for your project. | 6% | 3 | |||||||
| Identify at least five risks to include both threats and opportunities associated with the project. For each risk, please include the following information: Impact Probability Description of the risk Mitigation Strategy | 10% | 5 | |||||||
| Describe the process your team can use to determine if the projects are making the appropriate revenue. | 10% | 5 | |||||||
| 3 | General | 10% | 5 | 0 | |||||
| Slide Presentation – Narrative Slide Deck | 5% | 2.5 | |||||||
| Spelling/Grammer | 5% | 2.5 | |||||||
| 0% | 0 | ||||||||
| 0% | 0 | ||||||||
| Total | 100% | 50 | 0% | 0% | |||||
_x000D_&1#&"Calibri"&10&K000000 Classified as Confidential
,
Sheet1
| Application | Application 1 | |||||||
| Year | 0 | 1 | 2 | 3 | 4 | 5 | Total | Column1 |
| Nominal Amount | $ (100,000.00) | $ 25,000.00 | $ 28,750.00 | $ 34,500.00 | $ 36,225.00 | $ 36,587.25 | ||
| Acceptable Rate of Return | ||||||||
| Present Value | ||||||||
| Pay Back Period | ||||||||
| Net Present Value | ||||||||
| Internal Rate of Return | ||||||||
| Application | Application 2 | |||||||
| Year | 0 | 1 | 2 | 3 | 4 | 5 | Total | Column1 |
| Nominal Amount | $ (125,000.00) | $ 30,000.00 | $ 36,000.00 | $ 39,600.00 | $ 40,392.00 | $ 41,199.84 | ||
| Acceptable Rate of Return | ||||||||
| Present Value | ||||||||
| Pay Back Period | ||||||||
| Net Present Value | ||||||||
| Internal Rate of Return | ||||||||
| Application | Application 3 | |||||||
| Year | 0 | 1 | 2 | 3 | 4 | 5 | Total | Column1 |
| Nominal Amount | $ (150,000.00) | $ 15,000.00 | $ 18,300.00 | $ 19,215.00 | $ 20,752.20 | $ 21,789.81 | ||
| Acceptable Rate of Return | ||||||||
| Present Value | ||||||||
| Pay Back Period | ||||||||
| Net Present Value | ||||||||
| Internal Rate of Return | ||||||||
| Application | Application 4 | |||||||
| Year | 0 | 1 | 2 | 3 | 4 | 5 | Total | Column1 |
| Nominal Amount | $ (75,000.00) | $ 15,000.00 | $ 19,500.00 | $ 20,865.00 | $ 22,116.90 | $ 23,222.75 | ||
| Acceptable Rate of Return | ||||||||
| Present Value | ||||||||
| Pay Back Period | ||||||||
| Net Present Value | ||||||||
| Internal Rate of Return | ||||||||
| Application | Application 5 | |||||||
| Year | 0 | 1 | 2 | 3 | 4 | 5 | Total | Column1 |
| Nominal Amount | $ (135,000.00) | $ 50,000.00 | $ 55,000.00 | $ 56,100.00 | $ 61,710.00 | $ 65,412.60 | ||
| Acceptable Rate of Return | ||||||||
| Present Value | ||||||||
| PayBack Period | ||||||||
| Net Present Value | ||||||||
| Internal Rate of Return | ||||||||
| Application | Application 6 | |||||||
| Year | 0 | 1 | 2 | 3 | 4 | 5 | Total | Column1 |
| Nominal Amount | $ (210,000.00) | $ 62,000.00 | $ 71,300.00 | $ 72,013.00 | $ 72,733.13 | $ 75,642.46 | ||
| Acceptable Rate of Return | ||||||||
| Present Value | ||||||||
| PayBack Period | ||||||||
| Net Present Value | ||||||||
| Internal Rate of Return | ||||||||
| Application | Application 7 | |||||||
| Year | 0 | 1 | 2 | 3 | 4 | 5 | Total | Column1 |
| Nominal Amount | $ (175,000.00) | $ 85,000.00 | $ 106,250.00 | $ 111,562.50 | $ 117,140.63 | $ 119,483.44 | ||
| Acceptable Rate of Return | ||||||||
| Present Value | ||||||||
| PayBack Period | ||||||||
| Net Present Value | ||||||||
| Internal Rate of Return | ||||||||
| Application | Application 8 | |||||||
| Year | 0 | 1 | 2 | 3 | 4 | 5 | Total | Column1 |
| Nominal Amount | $ (175,000.00) | $ 60,000.00 | $ 73,200.00 | $ 74,664.00 | $ 80,637.12 | $ 83,056.23 | ||
| Acceptable Rate of Return | ||||||||
| Present Value | ||||||||
| PayBack Period | ||||||||
| Net Present Value | ||||||||
| Internal Rate of Return | ||||||||
| Application | Application 9 | |||||||
| Year | 0 | 1 | 2 | 3 | 4 | 5 | Total | Column1 |
| Nominal Amount | $ (130,000.00) | $ 75,000.00 | $ 99,000.00 | $ 101,970.00 | $ 108,088.20 | $ 110,249.96 | ||
| Acceptable Rate of Return | ||||||||
| Present Value | ||||||||
| PayBack Period | ||||||||
| Net Present Value | ||||||||
| Internal Rate of Return |
_x000D_&1#&"Calibri"&10&K000000 Classified as Confidential
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