Scenario: You are a consultant with expertise in project management strategies. Select a possible project management situation from your current or future professional experience. As a project management consultant, you are tasked with developing a project management plan for this project. Your goal is to maximize the time, resources and finances associated with the project in the best interests of the business/company. You will need to write a professional memo to the business/company owner describing the management of the project.

Your essay should include:

Create the PERT/CPM activity network for your project that includes at least five activities and at least one predecessor activity. Estimate the optimistic, most likely, and pessimistic times to then determine an expected time for each activity. Determine all activities that are on the critical path. Identify the slack time (if any) associated with activities in the project. Create a Gantt chart to show the project timeline.

Address the following questions in your essay:

What is the overall timeline for this project? What activities are critical for established timeline of the project? What activities have flexibility in completion that would not impact the overall project timeline? What time, resources and money might be affected by any changes to activities throughout the project? What recommendations would you suggest to prioritize the company’s time, resources and money with regards to the project?

Suggested Guidelines for Secondary Reponses:

First Response to a Classmate’s post: Review one of your classmates’ post. Further the math conversation by responding in a professional manner in the role of the business owner.

Second Response to a Classmate’s post:

Review a different classmates’ post. Further the math conversation by identifying any additional variables that have may have been overlooked or added into the project. How would this change the overall project timeline?

IT390: Project Management
1. What is project management? Briefly describe the project management framework, providing examples of stakeholders, knowledge areas, tools and techniques and project success factors.
2. Explain the four frames of organization. How can I help project managers understand the organizational context for the project?
3. Briefly describe what happens in each of the five project management process groups (initiating, planning, executing, monitoring and controlling, and closing). What types of activities are done before initiating a project?
4. What is involved in project scope management and why is good project scope management so important on information technology projects?
5. Explain why you need to use good WBS project management software?