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Assignment #3

Ducks Unlimited Keystone Conference: Budget Issues

Hesham A Aziz

BUS 517

Project Management

This document presents a discussion about the Ducks Unlimited Keystone Conference: Budget Issues.

As a successful Project Manager for Ducks Unlimited (DU), there are always an unforeseen crisis which may arise unexpectedly - either trouble with getting enough money to cover for the project expenses, a time-driven crisis to meet the required target timeline because there may be insufficient fund and resources to achieve the goal for this project - at the right time and scope. All these elements are interrelated. Each must be managed effectively. All must be managed together and carefully integrated together in order to be a success.
In this scenario, the new crisis emerged by having slashed almost ¾ of the original budget and reduced the initial plan budget from $1.2 million down to $280.000. In the light of this new information, the budget has created a tough road ahead to carry on this project, but as a successful manager, one has got to “make it work”.
Resources – People, equipment and material required.
The new plan will require the manager to move around the resources available and regroup people.
Time – Task durations, dependencies, and critical path. A new lay out plan to project a new time schedule for a newly slashed budget.
Money – Costs, contingencies, profit (if applicable).
New budget has been reduced from original $1.2 million down to $280.000. Options include finding some donors to carry on the initial plan or reduce the size of the entire plan? Decision, decision, decision.
Scope – Project size, goals, objectives and requirements. New goal and priority.
Question 5 – New Work Breakdown Structure (WBS) using the new budgeting parameters which slash almost ¼ of the original budget.

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