HRIS Replacement Project Plan for Riordan Manufacturing
CMGT410
HRIS Replacement Project Plan for Riordan Manufacturing
Resource Allocation
The project will be analyzed to identify what resources are required for the Riordan HRIS replacement project. Identified resources will be added to the project plan as shown in Figure 1 - Riordan HRIS Project Resource Sheet. Each resources standard and overtime rate is added to the resources sheet for use in the budget.
Figure 1 - Riordan HRIS Project Resource Sheet
Cost Plan
Part of project management is the estimation of the project cost. The budget can be derived from the project plan by looking at the following criteria (Marchewka, 2009): * estimated duration of activities, *
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Riordan Project Performance Measures
Measurement Construct The Measurement Construct utilized in the Riordan Project is based on the adherence to estimate. Accurate project estimation is crucial in keeping project costs down and stakeholders happy. The Key Performance Indicator project managers want to minimize is expressed by the formula [(E-A)/E], where E = estimated Value to complete project and A = actual Value used to complete project. Project managers can substitute any value into the equation, such as hours or cost, to determine adherence to estimate. This will allow the project management team to spot trends early on during the project and then make the necessary adjustments. To better illustrate this concept figure 2 depicts the subtasks identified as Milestones. The project management has estimated the time required to complete the 1st phase of the project (Project Preparation) would require 10 days. Completion of the phase is signaled by the development of the Statement Of Works. The project management team could measure the performance of the project resources or team members by comparing the actual time required to complete the Milestone against the estimated time to complete the Milestone.
Figure 3 - Milestones
Figure 2 depicts that the estimated time to complete phase 1 was 10 days. If the actual
The implementation portion of the Riordan project could in fact, prove to be one of the most challenging parts. However, this could be the part that is worth all of the effort. There will have to be a team of experienced developers in various different Information Technology fields to see the implementation portion stage through to completion; this cannot be known as a “one-man show.” Several of the departments within the Riordan organization will have to be given priorities when it comes to implementing the new human resource management system. Since this type of system has been deemed automated and is on an Information Technology platform, the
When every time comes into a milestone, there should be a summary timely on the work of the previous, and to adjust the plan about follow-up work. The main contents of this work include: the importance of identifying the stage of work; organizations and individuals who may act; stakeholder and individual; target, evaluation index, preliminary description of constraints. Through the summary at the milestone, the project manager can see that the next step in the management process needs to solve the problem in the general direction and areas, in order to give greater attention, and for some obvious areas of management, you do not have to invest a larger
The milestones should be truly significant and reasonable in terms of deadlines. This method would likely be applied when an important piece of equipment needs to be installed; a cutover to a new system; or completion of project phases.
- Cost and estimation is done so that cost and schedule estimates are done developed during this time.
(Systems analysis and design, tenth edition. Page 91 & 92.). After determining the necessary tasks a project manager will use project scheduling to put the tasks in order to create a timetable to follow by, which are usually charts showing the task, what it needs, and critical tasks that can’t be avoided. (Systems analysis and design, tenth edition. Page 91 & 92.). Once the work has begun the next step is project monitoring which includes supervising, guiding, and to not push too much work onto the project team. (Systems analysis and design, tenth edition. Page 91 & 92.). Then the final step in the process is project reporting. (Systems analysis and design, tenth edition. Page 91 & 92.). The project manager creates reports on the progress made and sends it to the users, management, and the project team. (Systems analysis and design, tenth edition. Page 91 & 92.).
• and the rate at which the team is completing work on the activity to date.
The idea of the project success and its criteria has remained vague, due to the wide perspective it carries (Liu and Walker, 1998). Project success has always been seen as an abstract notion, thus it is very complex to determine if a project is a success or not (Chan et al, 2002). Thus, the criteria for measuring the project’s success are normally agreed and accepted by all parties, before beginning the project. Else, it is hard to control the trajectory of the project, with all team members finding it hard to focus in one direction.
Planning a cost budget for a project is necessary. It requires some process to count the estimate projects costs accurately. It is also depending on the types of costs which must be understood by the project manager. Cost estimating also can be challenging for the project manager because some activities might have many variation, and they are available to assist in it. There are 4 types of costs, 3 methods of estimating costs, and 7 project cost estimating issues. To create a budget project, we should know the basics of budgeting. Because as a project manager, the basics of budgeting used to determined whether the project is well managed or not. Furthermore, interpretation also becomes the biggest issues in creating a budget project. People should understand the concepts of the budgeting itself. Moreover, a project costs and project budget is different. Most of the project manager usually start to identify from the project costs. To create a budget project, people also have to know what they really want to the project. But once they know what they really want, determining the budget will be much easier for the future of the project. Project Budget has many problems and they are vary based on the category.
Budgeting in project planning is parallel with development of schedule. Budgeting can be determined as costs of defined activities, at the initial stages of project planning. The process of budgeting is highly dependent on length of the tasks, number of associates assigned for that and resources assigned to the project. Initially budget estimation will be on the organization available funds. Later, with the internal and external parameters, budget size may increase or decrease depending on the project activities. Till actual costs are measured and compared with the actions, budgeting serves as control mechanism for the planning. For executive parameters, budget fairly set parameters. When project starts and all objectives are put into action, the scope, budget or schedule needs adjusting.
Third, the late finish dates for each activity should be determined by identifying the timing of the activities. For instance, the late finish dates for x, y and z activities is determined by when each of them will be started or implemented. The fourth is identifying resource over allocation, which requires taking them off of non-critical path activities to critical-path activities. For example, a project team could use a faster printing machine to complete the printing
Goal related projects should also be given budgets. Each initiative should have projected costs associated with the goals. This is where the cost of all goals is incorporated into the annual budget. Projections of costs should be identified, laid out and incorporated into the departmental budget that is responsible for completing the goal.
A budget spreadsheet is typically used for cost management and performance reporting. Because the nature of cost control is challenging; due diligence must be adhered to when trying to avoid inefficient reporting of a project’s budget. A project manager should expect to maintain continuous reporting on the budget of a project whether the scope changes or not. The Microsoft Project 2013 software is an
The time plan and milestones defines the major phases of work that are required for undertaking by the financial department, toward successful implementation of the investment. It is documented in logical sequence and provides a
In order to succeed in managing a project, the project manager needs to know how to make cost calculations, estimate resources required for the project, develop cost spreadsheets, use cost management templates etc. Project Cost management is a series of activities for estimating, allocating, and controlling the costs in a project. It allows a business to predict coming expenses in order to reduce the chances of it going over budget. Project cost management includes the processes required to ensure that the project is completed within an approved budget. Projected costs are calculated during the planning phase of a project and must be approved before work begins. As the project plan is executed, expenses are documented and tracked so things stay within the cost management plan. Once the project is completed, predicted costs vs. actual costs are compared, providing benchmarks
Phase 2 will take approximately 60 days. We estimate Phase 3 will require about six months. Phase 4 will take an additional 90 days. These phases are described as follows: