PM586
Week 4 Assignment

1. What is your total budget for this project? Was the project within the budget as set forth by the board of directors?
The total budget for the project is $2,634,172. This amount is about $100,00 less than the current allotted amount of $2,750,000, showing that the project is currently within budget.
To continue on this projected path of being within budget, we would need to ensure that the current budget allocations for activities such as training and recruiting of staff members is kept. We need to ensure that the personnel that we recruit are well trained to or can be easily trained so that no extra monies are spent . 2. What is your budget for the Planning Phase? What is the Planning Phase duration in weeks? [5 points]
The current budget for the Planning Phase of the Huntsville Project is $285754 with duration of roughly10 weeks. This Phase of the project is scheduled to last from April 18th 2011 to June 24th 2011.

3. What is your budget for the Preparation Phase? What is the Preparation Phase duration in weeks?
The current budget for the Preparation Phase of the Huntsville Project is $1,282,441 with duration of roughly 49 weeks. This Phase of the project is scheduled to last from June 27th 2011 to June 27th 2011 to May 18th 2012.

4. As your project launches, what are some of the key performance indicators that you will monitor and control? Why are these performance indicators critical to manage during the project?

Some of the key performance indicators or factors that define how well a project is achieving its objectives are * Communication:- Effective and frequent communication is crucial for keeping the project moving * The performance of the budget- Monitoring the budget or cost performance is important as we need to always be aware of the bottom line. If the money runs out,