Due Date: Sunday by 11:59pm
Total Points: 100
Overview:
For this assignment, you will use the document you submitted as Assignment MODULE 2 to
complete this assignment. By this, I mean that you should integrate the components of this
assignment into that document, and then submit the updated document as Assignment Module
4. If you are unclear on this point, please post your question into the ‘Ask the Professor’ thread.
Instructions:
Now, here are the instructions:
1. Update any previous work based on the feedback that I gave you as part of Assignment
MODULE 2. Failure to do so can result in loss of credit.
2. Create a cost baseline statement and insert into document.
3. Perform a reserve analysis, using either EMV, PERT, or both, to determine how much to
request for a reserve fund (show work in appendix of document) (For those who choose
to do an EMV, you will need to do a brief risk analysis of your chosen project). It is
imperative that you provide a basis for your reserve estimate.
4. Create a statement of how much reserve you will be requesting, summarize how you
determined the amount you requested, and provide a brief explanation for how these
funds will be used and who can authorize the use of them
5. Using the estimates from your MS Project file and your reserves analysis, create a
funding request for your project. This should be a statement that identifies the total
amount needed, but differentiates between the costs associated with the project and the
reserves request
6. Based on your project schedule in the MS Project file, create a funding schedule. You
can do this by date or milestone. You could choose to use the following simple table
headers: column 1 — Date or milestone; column 2 — amount; column 3 — aggregate
amount
7. Be sure to update any previous sections of your document based on the information you
developed this week. For instance, your summary budget will most likely need to be
updated to account for the PM processes, if you did not account for that previously
PMG640 –
Project Scheduling and Cost Planning
Unit 4 Assignment: MS Project #3
Requirements:
• Use MS Project to complete your assignment.
• Save your files using the following filename convention:
o MSProject3 – FirstName_LastName
Be sure to read the criteria, by which your paper/project will be evaluated,
before you write, and again after you write.
Evaluation Rubric for Unit 4: MS Project #3 Assignment
CRITERIA Deficient Needs
Improvement
Proficient Exemplary
0 – 15 Points 16 – 19 Points 20 – 24 Points 25 Points
EMV Reserve justifications
have no basis based
on estimations but
some justifications
provided.
Justifications for
reserve fund are
based on clear
estimations using
EMV calculations and
or PERT. Some of the
estimations
incomplete and
justifications are
partially complete.
Justifications for
reserve fund are
based on clear
estimations using
EMV calculations
and or PERT.
Some of the
estimations are
complete and
matches the
justifications.
Justifications for
reserve fund are
based on clear
estimations using
EMV calculations and
or PERT. The
estimations are
complete and
matches the
justifications.
Milestones All activities are
Sequenced using the
predecessors’
column without a
closed network
diagram. At least 1-2
of your tasks
relationships must be
different than Finish
to Start.
All activities are
Sequenced using the
predecessors’ column
without a closed
network diagram. At
least 3 of your tasks
relationships must be
different than Finish to
Start.
All activities are
Sequenced using
the predecessors’
column with a
closed network
diagram. At least 3
of your tasks
relationships must
be different than
Finish to Start.
All activities are
Sequenced using the
predecessors’
column with a closed
network diagram. At
least 4 of your tasks
relationships must be
different than Finish
to Start.
Cost Baseline Cost baseline do not
include at most of
activity cost
estimates and when
added up and does
not equals the cost
baseline.
Cost baseline include
at least 80 percent of
activity cost estimates
and when added up
equals the cost
baseline.
Cost baseline
include all activity
cost estimates and
when added up
equals the cost
baseline.
Cost baseline include
all activity cost
estimates and when
added up equals the
cost baseline and
contingencies.
Summary Budget Summary budget
partially updated to
include cost
baselines estimates.
Summary budget 50 –
70 %l updated to
include cost baselines
estimates.
Summary budget
80 %l updated to
include cost
baselines
estimates.
Summary budget
fully updated to
include cost
baselines estimates.
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