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Project Huntsville

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Submitted By chuyjaramillo
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Week 4 Project

1. The total budget for the project that I was able to gather from MS Project is a total of $2,616,807.05 . Yes, the project is still under budget of the original budget of $2,750,000 set by the board of directors. 2. The planning phase budget is: $280,883.71
The duration of the planning phase is 10 weeks. 3. The budget for the preparation phase is: $1,280,586.00
The duration of the preparation phase is 47 weeks 4. Key performance indicators are critical to the successful completion of our project and measure progress of our ultimate goal. In order to assure our project launching is on track, quantifiable measurements are a must. Feedback of team leaders in all areas is essential to assure all stakeholders involved are working in synergy towards to main goal.
It is imperative that we measure results of hard-to-measure activities as well as more simple activities in an accurate and simple way. Some of the simple key indicators that I would monitor and control are:
-How accurately the schedule is being followed.
-How closely are we to the predetermined budget?
-How many tasks do we have left?
-How many tasks have been completed?
Knowing the answers to these questions will create key performance indicators that are easy to follow and interpret. A more technical approach towards key performance indicators might be:
-Monitor business resources to assure they are being used in in a way that gains a return on investment.
-Monitor process outcome in order to initiate process development and attain business growth.
-Quality Assurance elements such as subject knowledge, technical abilities, task performance, effectiveness and efficiency on achieving project objectives, and attitude and communication skills among team members.

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