Saudi electronic university: Operation Management: Project Management
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Projects are unique, one-time operations designed to accomplish a set of objectives in a limited time frame (Stevenson, 2021).
Think about a project you did recently or a project you will soon work on and detail the following:
Offer a brief explanation of the type of project.
Create a Work Breakdown Structure (WBS) of the project and explain how it will help you with your project.
- Present both probabilistic (t0, tp, and tm) and deterministic time estimates and discuss how you arrived at these time estimates.
- For each activity, determine hypothetical costs in a table. Include budgeted costs, percent complete, actual/projected cost, and over/under budget (and total). Discuss the rationale for how you derived these costs.
- Finally, tell us how the project management tools helped you gain a better vision of the project.
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