Company Overview:Susans Consulting Company (SCC) has been in business for ten years and has experienced a significant turnover in the project management group, which has prompted senior leadership to investigate. A preliminary review by senior leadership has determined that Project Managers are frustrated with the amount of required project management documentation, which has impacted their ability to manage projects successfully. A recent review of the project management process has determined that SCC has spent between 30-40% of its total project budget on projects’ overhead costs to include project management costs. A review of industry standards is between 5-15% higher than most companies. In addition, senior leaders found that projects are being delivered between 25% and 50% over budget and late 95% of the time.Note: Project Management overhead includes the PM’s time managing the project, attending meetings, and developing the required documentation. Request: SCC has reached out to your team because you are experts in defining project management processes and delivering projects on time. The SCC request includes the following:
Assignment: Step 1: Identify a project manager – this individual is responsible for the team assignment ensuring that team members are completing their assigned work and will be responsible for turning in the assignment.General Note: Your instructor will act as the sponsor both for the project and for the methodology build-out. Any questions should be directed to me.Step 2: Build a Methodology
Step 3: The ProjectUsing your new methodology, SCC would like you and you to complete the following project:Scope: The scope of the project consists of 9 applications
Initial Development Cost (YR 0) Year 1 IncomeYear 2 IncomeYear 3 IncomeYear 4 IncomeYear 5 IncomeApplication 1 $ 350,000.00 $ 65,000.00 $ 74,750.00 $ 89,700.00 $ 94,185.00 $ 95,126.85Application 2 $ 275,000.00 $ 52,000.00 $ 62,400.00 $ 68,640.00 $ 70,012.80 $ 71,413.06Application 3 $ 500,000.00 $ 75,000.00 $ 90,000.00 $ 220,000.00 $ 220,000.00 $ 220,000.00Application 4 $ 250,000.00 $ 120,000.00 $ 75,000.00 $ 80,000.00 $ 120,000.00 $ 120,000.00Application 5 $ 300,000.00 $ 130,000.00 $ 143,000.00 $ 145,860.00 $ 160,446.00 $ 170,072.76Application 6 $ 450,000.00 $ 82,000.00 $ 94,300.00 $ 95,243.00 $ 96,195.43 $ 100,043.25Application 7 $ 750,000.00 $ 230,000.00 $ 287,500.00 $ 301,875.00 $ 316,968.75 $ 323,308.13Application 8 $ 550,000.00 $ 325,000.00 $ 325,000.00 $ 93,330.00 $ 100,796.40 $ 103,820.29Application 9 $ 250,000.00 $ 65,000.00 $ 85,800.00 $ 88,374.00 $ 93,676.44 $ 95,549.97Given the critical nature of the project, the company has developed a high-level budget and potential income for each application.
Step 4: Manage a project
Step 5: Develop your paper using the following requirements:
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