You have a job with a company that designs and builds small high efficiency dwel

ID: 447738 • Letter: Y

Question

You have a job with a company that designs and builds small high efficiency dwellings. Your firm has just won a contract from a development company to design and build 15 dwellings on a tract of land that will be sold as affordable housing. The total value of the contract is $1,000,000. The development company has included a profit of 6% in their bid, and have estimated that direct overhead costs will be about $10,000 for each unit. All of the houses have to be completed in nine months. The total construction time per house is about 3 months, and maximum available construction crews will allow five houses to be built at a time. You have been assigned as the Project Manager, and have been asked to put together a project plan. The plan includes the following elements Project execution plan Organization Chart Schedule Budget Summary of the risks and your plan to mitigate the risks

Explanation / Answer

The project execution plan (PEP) is the governing document that establishes the means to execute, monitor, and control projects. The planserves as the main communication vehicle to ensure that everyone is aware and knowledgeable of project objectives and how they will be accomplished.

An organizational chart (often called organization chart, org chart, organigram(me), or organogram) is a diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs. The term is also used for similar diagrams, for example ones showing the different elements of a field of knowledge or a group of languages.

The organization chart is a diagram showing graphically the relation of one official to another, or others, of a company. It is also used to show the relation of one department to another, or others, or of one function of an organization to another, or others. This chart is valuable in that it enables one to visualize a complete organization, by means of the picture it presents.

A company's organizational chart typically illustrates relations between people within an organization. Such relations might include managers to sub-workers, directors to managing directors, chief executive officer to various departments, and so forth. When an organization chart grows too large it can be split into smaller charts for separate departments within the organization. The different types of organization charts include:

There is no accepted form for making organization charts other than putting the principal official, department or function first, or at the head of the sheet, and the others below, in the order of their rank. The titles of officials and sometimes their names are enclosed in boxes or circles. Lines are generally drawn from one box or circle to another to show the relation of one official or department to the others

A schedule or a timetable, as a basic time-management tool, consists of a list of times at which possible tasks, events, or actions are intended to take place, or of a sequence of events in the chronological order in which such things are intended to take place. The process of creating a schedule - deciding how to order these tasks and how to commit resources between the variety of possible tasks - is called scheduling,and a person responsible for making a particular schedule may be called a scheduler. Making and following schedules is an ancient human activity.

Some scenarios associate "this kind of planning" with learning "life skills".Schedules are necessary, or at least useful, in situations where individuals need to know what time they must be at a specific location to receive a specific service, and where people need to accomplish a set of goals within a set time period.

Schedules can usefully span both short periods, such as a daily or weekly schedule, and long-term planning with respect to periods of several months or years.They are often made using a calendar, where the person making the schedule can note the dates and times at which various events are planned to occur. Schedules that do not set forth specific times for events to occur may instead list algorithmically an expected order in which events either can or must take place.

In some situations, schedules can be uncertain, such as where the conduct of daily life relies on environmental factors outside of human control.People who are vacationing or otherwise seeking to reduce stress and achieve relaxation may intentionally avoid having a schedule for a certain period of time.A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. It expresses strategic plans of business units, organizations, activities or events in measurable terms.

Risk mitigation planning is the process of developing options and actions to enhance opportunities and reduce threats to project objectives. Risk mitigation implementation is the process of executing risk mitigation actions. Risk mitigation progress monitoring includes tracking identified risks, identifying new risks, and evaluating risk process effectiveness throughout the project.

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You have a job with a company that designs and builds small high efficiency dwel

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