4eintropm Appendix c

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Appendix C:

ResourcesNOTE: Instructors can fnd this whole appendix on the instructorsite in Microsot Word or easy editing.



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INTRODUCTION

This appendix suari!es resources you can use to expand yourunderstanding o pro"ect anageent. It descri#es inoration

pro$ided on the copanion We# sites% suari!es inoration a#outteplate fles% pro$ides detailed case studies% discusses the option touse pro"ect anageent siulation sotware% #rie&y descri#esMind'iew (usiness sotware% and pro$ides inoration and resources onpro"ect anageent certifcations. )eel ree to $isit y We# site atwww.*athyschwal#e.co and contact e at schwal#e+augs#urg.eduwith any ,uestions or suggestions.

COMPANION WEB SITES

For Students (www.intropm.com)The student copanion We# site or this text is not password-protected.

nyone can access it. The site includes the ollowing:

• /in*s and saple docuents entioned in each chapter andappendix

• Interacti$e% ultiple-choice ,ui!!es or each chapter where you can test your understanding o *ey concepts

• 0eopardy gaes or each chapter created in 1ower1oint%

another ethod or testing your understanding o aterials• Teplate fles% as descri#ed in the ollowing section

• Microsot 1ro"ect inoration% including necessary data flesor peroring steps in ppendix

• Inoration or using se$eral di2erent pro"ect anageentsiulation sotware tools% as descri#ed later in this appendix

• Inoration or using Mind'iew (usiness sotware to createind aps% W(3s% and 4antt charts

• /in*s to additional resources related to pro"ect anageent

For Instructors

The instructor copanion We# site or this text is password-protected.5ontact the author at schwal#e+augs#urg.edu to $eriy that you are aninstructor using this text to gain access. In addition to the inorationon the student site% the instructor site includes the ollowing:



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• /ecture slides or each chapter% created in 1ower1oint. Note:These slides are copyrighted and ust reain on a secure site.Instructors can copy the onto their own school6s securenetwor* and a*e changes as desired as long as the copyrightinoration reains on each slide.

• n instructor anual or the text

• solution anual or the text

• 3e$eral test #an*s and saple tests

• Teaching ideas% including inoration on using real pro"ects inclasses and using other cases% such as those ro 7ar$ard(usiness Re$iew

• Ideas and inputs ro other instructors

TEMPLATE FILES

s entioned throughout this text% using teplates can help youprepare $arious pro"ect anageent docuents% spreadsheets% charts%and other fles. )igure 5-8 lists the teplate nae% the chapter where itis used in the text% and the application sotware used to create it. (ecareul to enter inoration into the teplates careully% and eel ree toodiy the teplates to eet your particular pro"ect needs. 9ou candownload the fles in one copressed fle introp;<teplates= ro thecopanion We# site or the author6s We# site. The fles are sa$ed in

O2ice >??; orat.

Template name Chapter Appliati!n"!#t$are

1ay#ac* period chart > Excel

Weighted scoring odel > Excel

3ta*eholder register ; Word

3ta*eholder anageent strategy ; Word

(usiness case ; Word

(usiness case fnancials ; Excel

5harter ; Word

@ic*-o2 eeting agenda ; Word

Tea contract A Word

1ro"ect anageent plan A Word

1ro"ect organi!ational chart A Word



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Re,uireents anageent plan A Word

Re,uireents tracea#ility atrix A Word

3cope stateent A Word

W(3 A Word

W(3 dictionary entry A Word

cti$ity list and attri#utes A Word

Milestone list A Word

cti$ity resource re,uireents A Word

1ro"ect schedule A 1ro"ect

5ost estiate A Excel

5ost #aseline A Excel

Buality anageent plan C Word

Buality etrics C WordBuality chec*list C Word

1ro"ect organi!ational chart C 1ower1oint

R5I chart C Excel

Resource histogra C Excel

7uan resource plan C Word

5ounications anageent plan C Word

1ro"ect We# site C )ront1age

Ris* anageent plan C Word1ro#a#ilityDipact atrix C 1ower1oint

Ris* register C Excel

Ma*e-or-#uy analysis C Word

1rocureent anageent plan C Word

Re,uest or proposal C Word

5ontract stateent o wor* C Word

3upplier e$aluation atrix C Excel

Milestone report Word5hange re,uest Word

5ause-and-e2ect diagra and F 1ower1oint

Tea roster Word

Tea perorance assessent Word

Issue log Excel



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Bualifed sellers list Word

5ontract Word

Earned $alue chart F Excel

Geli$era#le acceptance or F Word

Run chart F Excel

3catter diagra F Excel

7istogra F Excel

1areto chart F Excel

)low chart F 1ower1oint

1erorance report F Word

5ustoer acceptance-pro"ectcopletion or

H Word

)inal pro"ect report ta#le o contents H WordTransition plan H Word

/essons-learned report H Word

5ontract closure notice H Word

1otential pro"ect pp 5 Word

Grat schedule pp 5 Excel

Fi%&re C'() Template" a*aila+le #!r d!$nl!ad !n the !mpani!n We+ "ite

CASE STUDIES

Each chapter o this text includes Exercises and Tea 1ro"ects% #utsoe instructors li*e to assign ore detailed case studies. This sectionpro$ides three running case studies: Real 1ro"ects% New (usiness

'enture% and )ixer pper. 9ou can also fnd urther suggestions orusing real pro"ects or other case studies% such as those pro$ided #y the7ar$ard (usiness Re$iew% on the copanion We# site or instructorsunder JTeaching Ideas.K There are also saples o copleted studentpro"ects on www.introp.co #ased on an international new #usiness

$enture $ariation o the New (usiness 'enture case= and the 1ro"ectManageent 'ideos case orerly in the third edition o this text andnow on the instructor site=.

The frst running case pro$ides two indi$idual hoewor*assignents to solicit real pro"ect ideas ro each student and to assessthe tea pro"ect. It then pro$ides detailed instructions on what isre,uired or the real pro"ects. The two other running cases include f$e



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partsLinitiating% planning% executing% onitoring and controlling% andclosingLwith scenario-#ased inoration and se$eral tas*s to copleteunder each part. 3tudents can reer to the saple docuents ound inthe text to help the coplete the tas*s. 3e$eral o the tas*s in$ol$eusing teplates pro$ided on the copanion We# site. nyone can use

these cases as long as they ention the source. )eel ree to odiy theto eet your class needs% and eel ree to share additional case studieson the instructor site.

Case Study 1: Real ProjectsNote: My personal preerence is to use real pro"ects as part o a pro"ectanageent class. It helps students gain real-world experience andpractice wor*ing with a JrealK sponsor and other sta*eholders. 1ro"ectsoten produce $ery useul results or the college% non-proftorgani!ations% #usinesses% or the students thesel$es. The inoration

#elow is #ased on y personal experience and sylla#i instructions orha$ing students wor* on real pro"ects in a tea setting. I gi$e studentsthe option o doing another case study% #ut the $ast a"ority o studentschoose to wor* on a real pro"ect.

n iportant part o coing up with good pro"ect ideas is theollowing re,uired hoewor* assignent% due $ery early in the course.Each student ust do the hoewor*% so as long as you get a#out onegood idea out o e$ery our% you should ha$e enough real pro"ects towor* on. I oten propose additional pro"ect ideas% ostly rosuggestions ro colleagues or orer students.

Indi*id&al ,!me$!r-: Pr!.et Pr!p!"al /(00 p!int"1

7ere6s your chance to get soe useul wor* done Each studentwill propose a pro"ect to #e done as part o this class% andhopeully we will do se$eral o the. E$en i you want to do acase study instead o a real pro"ect% you ust still propose a realpro"ect. 1ro"ects ust ha$e a sponsor can #e a student% riend%relati$e% #oss% counity leader% etc.=% pro$ide a needed ser$ice orproduct% and #e a good ft or this class. Each student norallyspends #etween >?-A? hours on the class pro"ect. Re$iew y We#

site and loo* at soe o the past student pro"ects and theinoration in the sylla#us a#out the pro"ects. Then write aproposal or a potential pro"ect% using the p!tential pr!.ettemplate. Tal* to the sponsor +e#!re writing the proposal% andtry to coe up with a good proposal Thin* a#out pro"ects at wor*%or counity groups% etc. that you could do. I you do not do a



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real pro"ect% you will wor* on a case study. 9ou still need topropose a real pro"ect% though% to get experience doing that

It is also iportant to explain how grades will #e deterinedor these tea pro"ects. (elow is another indi$idual hoewor*

assignent that allows each student to pro$ide inputs on hisDherown tea pro"ect grade and the grade o each tea e#er. Theydo this assignent or #oth the real pro"ects and case studies% andit is due the last day o class.

Indi*id&al ,!me$!r-: Sel# A""e""ment /(00 p!int"1

Write a 8->-page sel-assessent #ased on the tea pro"ect% answeringthe ollowing ,uestions:

• I you had to gi$e your tea a grade or the pro"ect% whatwould it #e Why

• What were your roles and responsi#ilities on the grouppro"ect 7ow well do you thin* you perored on this pro"ect

• (rie&y assess each tea e#er6s perorance. I you had togi$e each person% including yoursel% a grade% what would it #eand why To copare indi$idual contri#utions% i you had 8??points to allocate to your tea% how would you allocate theI you6re an pprentice an% what would #e the order you woulduse to fre people ro your tea

S2lla+&" De"ripti!n !# Team Pr!.et"

The purpose o the tea pro"ect is to use a structured approach topro"ect anageent in a tea setting ;-C studentsDtea=. I norally letteas sel select and assign people to teas as needed. One personcould ta*e the lead on each tas*% #ut other tea e#ers shouldpro$ide inputs and edit the wor* so it is consistent and o high ,ualityand re&ects a tea e2ort. Each tea e#er should plan to spend 30'40 h!&r" total on the tea pro"ect% including soe tie in class. I thepro"ect is done or soeone outside o ugs#urg% students can earn the

ugs#urg Experience credit. 5!& m&"t ha*e the "p!n"!r all !r email me t! appr!*e the pr!.et a#ter 2!& pr!p!"e it i# 2!& reall2

$ant t! $!r- !n it) I you do not choose to wor* on a real pro"ect%teas will wor* on one o the case studies in the text New (usiness 'entureor )ixer pper=. 9ou can su#stitute a di2erent #usiness idea orthe new #usiness $enture case study% i you li*e% with y appro$al.

Example" !# 6real7 la"" pr!.et": One exaple o a pastpro"ect called the Tepting Teplates 1ro"ect We# 3ite which Isponsored% and which was all done $irtually= is a$aila#le on y personal



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We# site www.*athyschwal#e.co= under 1M Ino. I will show soeother student pro"ect sites in class. Most o the were done as 4ooglesites starting in >?88 Other exaples o recent class pro"ects includethe ollowing:

• Organi!ing and running a undraising e$ent% li*e the 7oc*ey Tea)ights 5ancer pro"ect raised o$er C%??? last all=% a #eneft or

soeone with a disease% a gae night at 4rand 3la% a C@ race

or the Ma*e a Wish oundation% or a*ing #a#y #lan*ets or

hurricane $ictis• 5reatingDupdating a We# site or sart phoneDta#le app or a sall

#usiness or non-proft organi!ation• 7elping a new store ar*et its products to college students i.e.

1unch 1i!!a% Edi#le rrangeents=

• 7elping an ugs#urg group peror a pro"ect% li*e ood ser$icespro"ect to change suppliers% career ser$ices organi!ing a special

"o# air% 1an rican group running a ashion show and church

und raiser% etc. RedesigningDreno$ating one or ore roos o soeonePs hoe or

rental property

Team Pr!%re"" Rep!rt":I you are wor*ing on a case study% I6ll pro$ide instructions on whichtas*s you should ha$e copleted #y the progress report dates and whichones to present. In general% you should ha$e the initiating tas*s done orthe frst progress report and the planning tas*s and soe o theexecuting tas*s done or the second one. (elow are instructions or whatis needed or progress reports or the JrealK pro"ects. I will re$iew soeo this inoration #eore you present as part o an online assignent. Ialso want to counicate directly with your pro"ect sponsor and ha$eaccess to your tea6s 4oogle site at least a wee* #eore your frstprogress report.

Pr!%re"" Rep!rt (: ssue you% the pro"ect anager% are gi$inga oral progress report to senior anagers. 9ou will present andre$iew highlights o the ollowing inoration:

• a #rie introduction o your pro"ect and your tea% ephasi!ingwhy you are doing the pro"ect% what your ain deli$era#les will#e% and how you will easure success



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• a one-page progress report using the teplate calledperorance report=

• a pro"ect charter using teplate=% signed #y all sta*eholders%including your sponsor an eail confration is o*ay in place o asignature or now=

• a suary o counications so ar with your pro"ect sponsorand instructor eails or docuented eeting inutes=

• a preliinary scope stateent using teplate. Note: Gesri#eeach product-oriented deli$era#le using at least two copletesentences=

• a tea contract% ephasi!ing the counications section usingteplate=

• a drat schedule using the teplate in Moodle or this class. I will#e ost interested in what you ha$e under Executing and yourtotal estiated hours #y person. I *now this is a rough estiate%#ut do the #est you can or now. 9our tea can update actualhours using 4oogle docs or other eans=

• a #rie suary o your tea6s M(TI types and how they ighta2ect your tea dynaics

Be "&re all !# 2!&r d!&ment" and 2!&r pre"entati!n are !n 2!&r team8" 9!!%le "ite and al"! pr!*ide me $ith a hard!p2 !# them all +e#!re 2!& pre"ent) 1ut *ey inoration roeach docuent in a presentation and a*e sure it is easy to read.)or exaple% you can paste the inoration ro all o these

docuents into 1ower1oint slides. 9ou can also pull up soe o thedocuents and !oo in so they are easier to read% li*e the dratschedule. Ma*e sure you ha$e consistent inoration in eachdocuent. )or exaple% i you say in your pro"ect charter underthe approach that you will prepare a &yer or your pro"ect%descri#e that &yer in ore detail as a deli$era#le in the scopestateent and include it in the executing section o the dratschedule. It would pro#a#ly all under a suary category calledar*eting. I will pro$ide written and $er#al eed#ac* during thepresentation% "ust as a progra anager would.

Pr!%re"" Rep!rt 3: ssue you% a tea e#er% are gi$ing aoral progress report to senior anagers. 9ou will present andre$iew highlights o the ollowing inoration:

• a one-page progress report using the teplate calledperorance report. (e sure to ocus on wor* copleted since thefrst progress report=



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• an updated scope stateent% included m!re detailed descriptionso *ey deli$era#les

• a 4antt chart created in Microsot 1ro"ect% #ased on the dratschedule you created. (e sure to include your detailed W(3 underexecuting% and list at least A ilestones under executing. Note:

9ou can create the 4antt chart in tTas* or Mind'iew% i youpreer% and then export it into 1ro"ect.

• a pro#a#ilityDipact atrix% including at least 8? potential ris*sor your pro"ect. )or at least three o the ost iportant ones=%descri#e your strategy or anaging the

• a suaryDsaple o copleted deli$era#les under executing



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• a coparison and explanation o estiated $ersus actual hours todate show your updated drat schedule=

• eed#ac* ro your sponsor since the last progress report. I alsowant your sponsors to eail or call e to $eriy their in$ol$eentat least three days #eore you present the second progress report

Final Pr!.et Pre"entati!n" and N!te+!!-"(y the last day o class% each tea will present a ;nal pr!.etpre"entati!n and hand in a pr!.et n!te+!!- stapled pages or sotco$erno spiral note#oo*s% please=. ssue you are gi$ing a presenationto senior anagers and potential eployers. I you do a case study% putall o that inoration together in a note#oo*. I you do a real pro"ect%include the ollowing inoration. ll docuentation should also #ea$aila#le on the tea6s 4oogle site. Note: Each tea e#er ust gi$epart o the >?-;? inute fnal presentation.

8. 5o$er page and detailed ta#le o contents. /ist the pro"ect nae%tea e#ers% and date on the co$er page o the note#oo*. (e

sure to nu#er all pages #y hand is fne=% which should atch the

ta#le o contents. 9ou ay include ta#s or di$iders #etween a"or

sections o the note#oo*% too.3) dou#le-spaced ;-A-page pro"ect report. ddress the ollowing

,uestions in your report% which should #e in the ront o your

note#oo* ater the ta#le o contents: What did your tea

produce Was the pro"ect a success or not% and what was your

criteria or deterining success Ree#er that should #edefned in your scope stateent early in the pro"ect=. What pro"ect

anageent toolsDdocuents did you use% and did they help

7ow close was your drat schedule and estiate o hours to the

actual schedule and actual hours wor*ed on the pro"ect What

went right on the pro"ect What went wrong What did your

tea learn #y wor*ing on this pro"ect 7ow did you select the

pro"ect anager Gid heDshe do a good "o# at leading your tea

Gid you wor* well as a tea What was your pro"ect sponsor6s

fnal assessent o the pro"ect Include soe written eed#ac*

ro the sponsor in your fnal report and presentation. 3ee the

saple custoer acceptance or in your text or an exaple.

Di"&"" thi" in#!rmati!n in 2!&r ;nal pr!.et pre"entati!n

and showDsuari!e the ain products produced. I# 2!&r

pr!.et in*!l*e" "!me t2pe !# e*ent +e "&re t! "h!$

pit&re" !# the e*ent)



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;. 7ard copies o all o the products your tea produced. Include

the pro"ect anageent docuents you created charter% 4antt

chart% etc.=% counications with your sponsor% and all product-

related ites.Note: 1art o the grade or the tea pro"ect will #e #ased on the

tea6s fnal presentation and progress reports% and part o grade will

#e #ased on the ,uality o the pro"ect and its note#oo* one note#oo*

per tea% due the last day o class=. 9ou should also include a pro"ect

copletion or or soe ethod o e$aluation or real pro"ects. I will

loo* at the fnal hoewor* where e$eryone suggests grades as well.

Tea pro"ect anagers will earn a sall aount o extra credit or

successully leading their pro"ect teas.

Case Study 2: New usiness !enture

This case should #e interesting to anyone interested in starting a new#usiness. It in$ol$es research% ar*eting% fnance% technology% andpersonal ethics. )eel ree to change the type o #usiness% i desired. Theain purpose o this and other cases% howe$er% is to help you practicesoe o the pro"ect anageent s*ills you are de$eloping as part o

your course. Note: I students want to propose a di2erent #usiness idea%let the 9ou can still use any o the tas*s listed #elow% #ut odifed asneeded.

Part (: Initiatin%Ba-%r!&nd Senari!:

9ou and se$eral o your riends ha$e #een wor*ing or corporations oro$er f$e years% #ut se$eral o you ha$e a desire to start your own#usiness. 9ou ha$e decided that you are ready to pursue your idea ostarting a usic acadey or children ages ;-8. 9ou all en"oy creatingusic% and you saw the ad$antages that soe children had roparticipating in special usic progras #eyond those a$aila#le inschools. In particular% you see the need or usic training in your areaor children interested in $oice% guitar% *ey#oard% and percussion so they

can peror in their own #ands.This New (usiness 'enture 1ro"ect would priarily in$ol$e you

and three o your riends% who were all part o your high school #and:

8. 9ou are an excellent #ass player% and you were the one whoorgani!ed your #and in high school and got the ew paid gigs that

you had. 9ou can also play *ey#oard. 9ou continue to play #othinstruents occasionally% #ut your ull-tie "o# and new spouse



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ta*e up a lot o your tie. 9our current ull-tie "o# is wor*ing asa #usiness analyst or a large retail store. lthough your "o# isgoing well% you reali!e that you would #e happier wor*ing in yourown #usiness and with soething in$ol$ing usic. 9our strengthsare your creati$ity% organi!ation% and analytical s*ills. 9our spouse

is eployed ull-tie and supports your idea to start your own#usiness% as long as you ha$e a detailed plan and fnancial#ac*ing.

>. (rian% one o your #est riends since sixth grade% played leadguitar in your #and. 7e is a natural usician and has little trou#lelearning to play $ery coplicated songs. (rian is $ery ,uiet% #uthe would lo$e to wor* or a successul sall #usiness and #e a#leto share his passion or guitar with children. 7e is also a whi! atusic technology% ha$ing recorded and edited 5Gs or se$eral

years. 7e wor*s as a sotware de$eloper or a large consulting

fr. 7e is arried and has one young child% and his spouse wor*spart-tie. (rian would not gi$e up his ull-tie "o# until he *newhe could support his aily in this new #usiness $enture% #ut hecould do a lot o part-tie wor*.

;. Nicole% also one o your #est riends since sixth grade% was thelead singer in your #and. 3he has a great $oice and really *nowshow to wor* a crowd% too. 3he is currently wor*ing as a part-tietelear*eter% #ut she doesn6t li*e her "o# at all and is ready orsoething new. 7er spouse has a great "o# and supports her inpursuing a new #usiness opportunity. 7er strengths are her $ocal

talent% proessional $oice training% and sales a#ility. 3he also lo$eswor*ing with children and would #e willing to wor* ull-tie onthis new #usiness $enture.

A. ndres was the last person to "oin your #and in high school%ha$ing replaced your original druer. 7e currently wor*s as ausic teacher at a local iddle school. 7e has a lot o contactswith local schools and is dying to get this new usic acadeystarted. 7e is single and would want to *eep his current "o#% #uthe could de$ote a air aount o tie to the #usiness in thee$enings% on wee*ends% and ull-tie in the suer. 7is strengths

are his druing expertise% teaching a#ility% usic technologyexperience% and contacts with school-age children% parents% andschool adinistrators. 7e currently gi$es soe pri$ate lessonsand *nows other people who do as well% so he has potential clientsand instructors that he could #ring into the #usiness.

The ain goals o the New (usiness 'enture 1ro"ect are toprepare a #usiness plan% get fnancial #ac*ing% handle legal issues%



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de$elop ar*eting aterials% fnd a rental space or the usic acadey%purchaseDde$elop curriculu% hire sta2% and open or #usiness #y one

year ro now% 3epte#er 8% to coincide with the school year. 9our teahas already analy!ed the ar*et% and you *now you can a*e this#usiness succeed. 9our goal would #e to co$er your in$estent costs

ater two years in #usiness.

Wor* with your teaates and instructor to peror all or "ustsoe o the ollowing initiating tas*s or this pro"ect.

Ta"-"

8. To #ecoe ore ailiar with the children6s usic instructionar*et% do soe preliinary research to fnd out how #ig thisar*et is% who the ain copanies are in the ar*et% what the#est-selling ser$ices are% pricing and ar*eting strategies% etc. I

you do not want to ocus on your own geographic area% pic* one toocus on or this and uture tas*s. Write a two- to three-pagepaper dou#le-spaced= with your fndings% citing at least tworeerences. )or exaple% the author6s son too* lessons andperored in roc* #ands ro 'irtuosos Music cadey in1lyouth% Minnesota www.virtuososonline.com=. 9ou can alsoinclude a paragraph or two with your tea6s personal experiencein this area% i applica#le.

>. 1repare a sta*eholder register and anageent strategy or thepro"ect. Include all pro"ect tea e#ers and a*e up naes

and inoration or at least one spouse% one potential fnancial#ac*er% and one local copetitor. ssue that you and your threeriends are all tea e#ers% and you each in$est 8?%??? intothe #usiness. 9our other% a retired #usiness proessor% hasdecided to pro$ide a su#stantial loan ;?%???=% so she will #e thesponsor. 9ou still need to fgure out how to get an additional;?%??? or the frst-year start-up costs. se the teplatespro$ided on the copanion We# site% and re$iew the saplesta*eholder register and anageent strategy in the text.

;. 1repare a tea contract or this pro"ect. se the teplate

pro$ided on the copanion We# site% and re$iew the saple in thetext.

A. 1repare a pro"ect charter or the New (usiness 'enture 1ro"ect. ssue the pro"ect will ta*e one year to coplete and cost a#out8??%???. Recall that the ain pro"ect o#"ecti$es are to prepare a#usiness plan% get fnancial #ac*ing% handle legal issues% de$elopar*eting aterials% fnd a rental place or the usic acadey%



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purchaseDde$elop curriculu% hire sta2% and open or #usiness #yone year ro now. 9our pro"ect tea will not get paid or thehours they put into this pro"ect% #ut once the #usiness opens% theywill #e copensated. 9ou will incorporate the #usiness and hire alawyer to help with this and other legal issues. se the teplate

pro$ided on the copanion We# site% and re$iew the saple in thetext.

C. n iportant part o starting any #usiness is preparing fnancialpro"ections. lthough you will prepare a ore detailed fnancialanalysis when you create your #usiness plan% you still want to dorough pro"ections at this stage. 1repare a spreadsheet that can #eused to deterine the proft potential o starting this #usiness.Include inputs or the initial in$estent cost% nu#er ocustoers in the frst onth% custoer growth rateD,uarter%a$erage onthly ee per custoer% fxed and $aria#le onthly

operating costs% and $aria#le costs per custoer. se the ostli*ely% optiistic% and pessiistic inputs as shown in )igure 5-> togenerate results or all three scenarios. )or each onth Month 8->A=% calculate your re$enues nu#er o custoers that onth Qonthly eeDcustoer= and expenses fxed onthly salaries plusfxed onthly operati$e costs plus $aria#le costsDcustoerDonthQ nu#er o custoers that onth=. Then deterine thecuulati$e incoe each onth. )or exaple% the cuulati$eincoe in Month 8 is the Monthly Re$enues - Monthly Expensesor Month 8. The cuulati$e incoe or Month > is the Monthly

Re$enues - Monthly Expenses or Month > plus the 5uulati$eIncoe or Month 8. The frst onth or the ost li*ely scenario isflled in or you to chec* your orulas. Will you #e a#le to recoup

your start-up costs within two years in each scenario I so% inwhat onth There is no teplate or this exaple% #ut you canuse the orat in )igure 5->. 1rint out a sheet with results oreach scenario% clearly la#eling iDwhen you recoup yourin$estent.



469

Fi%&re C'3) Finanial Pr!.eti!n" F!rmat

. 1repare a 8?8C inute presentation that you would gi$e tosuari!e results ro the initiating phase o the pro"ect. ssuethe presentation is or a anageent re$iew to decide i the pro"ectshould o$e on to the next phase.

Part 3: Plannin%

Wor* with your teaates and instructor to peror all or "ust soe othe ollowing planning tas*s or this pro"ect.

Ta"-"

8. Ge$elop a re,uireents tracea#ility atrix and a scope stateentor the pro"ect. se the teplates pro$ided on the copanion We#site% and re$iew the saples in the text. Ree#er that the ainpro"ect goals are to prepare a #usiness plan% get fnancial #ac*ing%handle legal issues% de$elop ar*eting aterials% fnd a rentalspace or the usic acadey% purchaseDde$elop curriculu% andhire sta2 so you can open or #usiness #y one year ro now. (eas specifc as possi#le in descri#ing product characteristics and

re,uireents% as well as *ey deli$era#les. )or exaple% assuethat you need to rent a space or your #usiness that is in adesira#le part o town near other #usinesses and schools% hasenough roo or a reception area% technology la# with f$ecoputers% two larger #and roos that ha$e soundproofng or can#e sound prooed% and f$e sall roos or pri$ate lessons.



470

>. Ge$elop a wor* #rea*down structure W(3= or the pro"ect. (rea* down the wor* to what you thin* is an appropriate le$el. se theteplate pro$ided on the copanion We# site% and re$iew thesaples in the text. 1rint the W(3 in list or as a Word fle. (esure the W(3 is #ased on the pro"ect charter% scope stateent%

and other rele$ant inoration.

;. 5reate a ilestone list or this pro"ect% and include at least 8?ilestones and estiated copletion dates or the.

A. se the W(3 and ilestone list you de$eloped in nu#ers > and ;a#o$e to create a 4antt chart and networ* diagra in 1ro"ect>?8? or the pro"ect. Estiate tas* durations and enterdependencies% as appropriate. Ree#er that your scheduledgoal or the pro"ect is one year. 1rint the 4antt chart and networ*diagra.

C. Ge$elop a cost estiate or de$eloping "ust the technology la# or your usic acadey. ssue that you will purchase f$e personalcoputers that can connect to the Internet and run se$eralpopular usic creation and editing progras. Include the costs othe des*s% chairs% icrophones% *ey#oards% soundproofng theroo% set-up% testing% etc.

. 5reate a ,uality chec*list or ensuring that the #usiness is readyto open its doors. lso defne at least two ,uality etrics or thepro"ect. se the teplates and saples pro$ided.

F. 5reate a R5I chart or the ain tas*s and deli$era#les or thepro"ect. se the teplate and saple pro$ided.

H. Ge$elop a counications anageent plan or the pro"ect. sethe teplate and saple pro$ided.

S. 5reate a pro#a#ilityDipact atrix and list o prioriti!ed ris*s orthe pro"ect. Include at least 8? ris*s. se the teplate and saplepro$ided.

8?.1repare a re,uest or proposal or the technology la# includingpurchasing the hardware% sotware% installation% soundproofng%testing% and aintenance= or your usic acadey and descri#e atleast two procureent issues you need to consider or the pro"ect.

88.1repare a 8?8C inute presentation that you would gi$e tosuari!e results ro the planning phase o the pro"ect. ssuethe presentation is or a anageent re$iew to decide i thepro"ect should o$e on to the next phase.



471

Part <: Exe&tin%

Ree#er that the ain pro"ect goals are to prepare a #usiness plan%get fnancial #ac*ing% handle legal issues% de$elop ar*eting aterials%fnd a rental space or the usic acadey% purchaseDde$elop curriculu%

and hire sta2 so you can open or #usiness #y one year ro now.Wor* with your teaates and instructor to peror all or "ust

soe o the ollowing executing tas*s or this pro"ect.

Ta"-"

8. Write a #usiness plan or this pro"ect. Re$iew saple #usiness plans.)or exaple% www.bplans.com/ % www.score.org% and Microsot O2iceonline select )ile% New% Microsot Online% 1lans ro withinMicrosot Word= pro$ide teplates andDor guidelines or preparing#usiness plans. Gecide on a nae or this #usiness% as well. Include%

at a iniu% the ollowing sections in a f$e- to eight-page paper:

• Executi$e 3uary

• 5opany Gescription

• 1roducts and 3er$ices

• Mar*eting 1lan

• Operational 1lan

• Manageent 3uary

• )inancial 1lan

>. Research options or getting sall #usiness loans. )or exaple% ostgo$ernents ha$e a sall #usiness adinistration o2ice that o2ersloans or loan inoration. 3ee www.sba.gov or .3. inoration.=3e$eral colleges pro$ide loans to aluni. 9ou can also go to #an*sand credit card copanies or unds. Ge$elop a list o at least f$edi2erent% realistic options or getting fnancial #ac*ing or your new#usiness. Recall that you estiate that you will need 8??%??? the

frst year alone% and you are still short ;?%???. Include the source o the unds% interest rates% payent arrangeents% etc. Gocuent yourresults in a two- to three-page paper% including a recoendation onwhich option to pursue.

;. 5reate a one-page &ier or your new #usiness% a hoe page or a We#site% and a tri-old #rochure listing *ey ser$icesDcourses o the



472

#usiness% and any other ar*eting aterials you thin* you wouldneed or your #usiness.

A. Research options or a rental space or the usic acadey. Ge$elopat least f$e alternati$e sites. Include a picture o the site% i a$aila#le%

s,uare ootage% cost% pros and cons% etc. Gocuent the results anda*e a recoendation or which site to select in a three- to our-page paper.

C. ssue that you decide to ha$e students sign up or wee*lyindi$idual instruction on a ter #asis. 9ou will o2er a all% spring% andtwo suer ters consisting o 8> hours o instruction in each. 7alo the hour will #e one-on-one with an instructor% and the other halwill #e in the usic technology la#. 9ou will also ha$e se$eral roc*#and courses with three to f$e students each that will eet wee*lyor six wee*s% ollowed #y a perorance. Research where to

purchase curriculu or what is in$ol$ed in de$eloping it% i needed%or the ollowing courses:

• (asic% interediate% and ad$anced *ey#oard

• (asic% interediate% and ad$anced #ass

• (asic% interediate% and ad$anced guitar

• (asic% interediate% and ad$anced percussionDdrus

• (asic% interediate% and ad$anced $oice

•

(asic% interediate% and ad$anced roc* #and. Include a one-page curriculu sheet or each course and a one-page

schedule or all o the courses% including ties or perorances orthe roc* #and. lso include a perorance each ter or studentsta*ing the indi$idual lessons.

F. 5reate a plan or hiring sta2 or your new #usiness. ssue that youwill wor* ull-tie as the ain anager% pro$iding soe ront-des*co$erage% gi$ing soe lessons% and anaging ost o the #usiness.

ssue that Nicole will also wor* ull-tie% heading up the $ocallessons area% ar*eting% and pro$iding soe ront-des* co$erage.

(rian will lead the usic technology la# de$elopent% outsourcing aair aount o the wor*. 7e will also teach soe o the roc* #andense#les in the e$enings or on wee*ends. ndres will help withar*eting and gi$e percussion instructions as his schedule allows.

9ou will also need to hire a part-tie receptionist to always ha$eront-des* and phone co$erage. 9ou also need to hire se$eral part-tie instructors or all o the classes pro$ided. Include "o#



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descriptions or all o the positions% salaryDpay inoration% and awor* schedule. Gocuent your results in a our- to six-page paper.

H. ssue that the ollowing has occurred since the pro"ect started: susual% you ended up ta*ing lead o this tea% #ut you6re starting to

get #urned out. 9ou are our onths into the pro"ect. 9ou are stillwor*ing your ull-tie "o#% and your spouse has #een coplainingthat you wor* too uch and aren6t delegating enough. Nicole ,uither telear*eting "o# to ocus on this new #usiness% and she isgetting ner$ous a#out the #usiness actually opening. ndresproised to get a #ig list o potential students and instructors to youor the past two onths% #ut he still hasn6t deli$ered it. (rian thin*sthat he can set up the whole usic technology la# instead ooutsourcing it% as you planned. Write a two- to three-page paperdescri#ing how you would handle these challenges.

Part 4: M!nit!rin% and C!ntr!llin%Ba-%r!&nd Senari!:

9ou are six onths into the pro"ect. 9ou copleted the #usiness plan andost o the ar*eting aterials. 9ou had planned to ha$e the locationor your #usiness selected and additional start-up unds #y now% #ut youare #ehind schedule. (rian and Nicole see to disagree on a lot o *eydecisions% especially the location. 9our other calls at least three tiesa wee* as*ing how things are going. 9ou are happy that she li$es C??iles away% #ut you *now that she needs assurance that the #usinesswill actually open. ndres is in charge o purchasingDde$eloping thecurriculu% #ut he has had $ery little tie to wor* on it since school isin session. 9ou want hi to ocus on creating a list o potential studentsand instructors% so you ight hire soeone else to help with thecurriculu.

Wor* with your teaates and instructor to peror all or "ustsoe o the ollowing onitoring and controlling tas*s or this pro"ect.



474

Ta"-"

8. 5reate a new 4antt chart #ased on the re$ised inoration a#o$e% ineeded. (rie&y descri#e other plans you ha$e created so ar that youthin* you should update in a one- to two-page paper.

>. 1repare an agenda or a tea eeting to discuss se$eral o theissues you are acing. 9ou defnitely want to decide on the location atthis eeting% since it is down to two and you ha$e to decide soon.

lso write a one- to two-page paper suari!ing how you willapproach particular people during the eeting.

;. 1repare a 8?8C slide presentation to gi$e to potential unders or your #usiness. se inoration ro your #usiness plan.

A. Write a two- to three-page stateent o wor* to hire soeone to help you purchaseDde$elop the curriculu. se the teplate and saplepro$ided.

C. Re$iew the 3e$en (asic Tools o Buality. (ased on the current pro"ectscenario% pic* one o these tools and create a chartDdiagra to help

you sol$e pro#les you are acing. se the teplates and saplespro$ided.

. pdate your list o prioriti!ed ris*s. 5reate a ris* register entry ortwo o the. se the teplate and saple pro$ided.

Part =: Cl!"in%

Ba-%r!&nd Senari!:

It is one onth #eore you plan to open your new #usiness. 9ou "ust gotinto your leased #uilding% and you are #usy starting to get it ready toopen. 9ou ha$e hired a sall construction fr to put in a ew walls% dosoe painting% etc. 9ou also got a lot o help ro aily and riends. 9ou,uit your "o#% and Nicole is also wor*ing e$ery day now on the new#usiness. 3he did a great "o# at ar*eting% and you are getting calls ande-ails ro your new We# site e$ery day. (rian6s riend% To% #uilt thesite or you at no charge ater (rian said he could coe in and use thetechnology la# when it wasn6t #usy. Eric% the person you hired to helpwith the curriculu% was a antastic resource% e$en though it cost you8?%??? you had not planned on spending. 7e did help you expand yourlist o potential students and instructors% as well% since he *new the localar*et $ery well. 9ou did eet your schedule goal% #ut you had to#orrow another 8?%??? ro your o. 3he is only charging you Cinterest% starting when your doors open. 3he is happy with the resultsand has already #oo*ed a &ight to $isit or your grand openingcele#ration% where you and your tea will #e peroring. 9our o



475

lo$es to coo* and #a*e% so she $olunteered to handle the ood or theopening.

Wor* with your teaates and instructor to peror all or "ustsoe o the ollowing closing tas*s or this pro"ect.

Ta"-"

8. 9ou ha$e scheduled a fnal pro"ect presentation two days #eore yourgrand opening. 1repare a 8?8C slide presentation to suari!e theresults o the pro"ect. Gescri#e the initial pro"ect goals% planned

$ersus actual scope% tie% and cost inoration% challenges aced%and *ey products produced.

>. 1repare a lessons-learned report or the entire pro"ect. Include inputro all sta*eholders in suari!ing the lessons learned. se theteplate and saple pro$ided% and #e creati$e in your response.

;. 1repare a fnal pro"ect report% using inoration ro your fnalpro"ect presentation and the teplate pro$ided. (e sure to include allo the docuents you ha$e prepared as appendices.

A. Gocuent your own list o #est practices that you thin* helped orcould ha$e helped you on this pro"ect in a two- to three-page paper.

CASE <: FI>ER UPPER

This case should #e interesting to anyone interested in purchasing ahouse that needs soe fxing up. It in$ol$es research% procureent%

fnance% technology% and personal ethics. The ain purpose o this andother cases% howe$er% is to help you practice soe o the pro"ectanageent s*ills you are de$eloping as part o your course. Note:Instructors should eel ree to odiy #ac*ground inoration or tas*s.This case is #ased on a true story=

Part (: Initiatin%

Ba-%r!&nd Senari!:

Many people today cannot a2ord to #uy a hoe% including you 9oura$orite unt 0ulie% howe$er% has soe extra oney% and she has #eendisappointed with the low returns she has #een getting on herin$estents. 3he *nows that any houses are priced to sell% andortgage rates are low to those who ,ualiy. 0ulie already #ought asecond hoe that she uses as a $acation property% and she is interestedin owning ore real estate as an in$estent. 3he would really li*e to#uy a property and act ore li*e a #an* than a landlord. Why should a#an* get A or ore in interest or a loan when she can only get a little



476

o$er 8 on a sa$ings account 9ou told her that you would lo$e to stayin the area or a $ery long tie and li$e in a house% #ut you could not,ualiy or a loan yoursel. 9ou would #e happy to fnd rooates to helppay rent and help your fnancial situation% too. 0ulie agrees to go house-hunting with you% and she is willing to pay up to ;C?%??? or the right

property% including any reno$ations. Note that this aount ay $ary #ylocation. The nu#er here is #ased on northern 5aliornia% where thatwould #e a low nu#er. 5hec* with your instructor a#out the aount or

your particular case.= 0ulie suggests you loo* or a ; or A #edroo housewith at least > ull #athroos. 3he also suggests that you try to fnd ahouse that is in a nice area #ut needs soe reodeling% #ut not orethan A?%??? o wor*% including Jsweat e,uity%K eaning the two o youplus soe aily and riends should #e willing to help out without pay.

Wor* with your teaates and instructor to peror all or "ust

soe o the ollowing initiating tas*s or this pro"ect.

Ta"-"

8. Research the rental ar*et or single-aily houses in your area oranother area where you would li*e to li$e and wor* or a long tie.)ind at least three reerences a#out in$esting in rental propertiesand ad$ice on fnding a good fxer upper. 1repare a short paper andpresentation suari!ing your fndings.

>. Geterine a location where you would li*e to li$e or at least ten years and where you thin* your aunt would li*e to #uy a property.

Note: 5hec* with your instructor to agree on a location or as*soeone you *now who would really li*e to pursue this idea. I youcannot decide% select northern 5aliornia% within a >?- ile radius o3an 0ose.= 9our aunt wants to a*e sure it6s a good in$estent% so #erealistic in deterining a property and a location. )or exaple%research the population trends and rental hoes a$aila#le or thearea and what6s a$aila#le gi$en the cost and si!e re,uireents. lsoassue that you will ha$e to fnd one to three rooates who willhelp you pay or rent each onth. Gocuent your research andthree potential locations in a one- to two-page paper. Try to narrow

the locations to a certain part o a city or town% not a whole city. )indf$e saple houses in each area that eet your aunt6s criteria ; orore #edroos% > or ore ull #aths% good in$estent potential%under ;8?%??? #eore reno$ations or your agreed-upon aount=.se a real estate we# site li*e www.!illow.co to fnd inoration.

;. 1repare a sta*eholder register and anageent strategy or thepro"ect. Include all pro"ect tea e#ers and a*e up naes andinoration or the ollowing: a realtor to aid in house-hunting% a



477

#an* who will lend 0ulie oney to refnance her current hoe so shecan pay cash to purchase this in$estent property% a contractor whocan do a lot o reno$ation wor* at a great price% and riends andaily you thin* could help fx up a house. ssue that your unt

0ulie is $ery *nowledgea#le a#out fnances and purchasing and

reno$ating houses #ut only handy when it coes to painting. 3he6salso $ery organi!ed and cost-conscious and leads a $ery #usy lie.

ssue that you ha$e a relati$e in the area you choose% Nic*% whocan help with a lot o #asic reno$ations on wee*ends. ssue youwill ha$e soe other riends your classates in this case= and ailywho can help with soe o the wor* or ree% and you *now a ews*illed ac,uaintances an electrician and a plu#er= who you wouldneed to pay or their ser$ices% #ut you thin* they6d gi$e you a nicediscount. se the teplates pro$ided on the copanion We# site% andre$iew the saple sta*eholder register and anageent strategy in

the text.A. 1repare a pro"ect charter or the )ixer pper 1ro"ect. ssue the

pro"ect will ta*e six onths to coplete and cost a#out ;C?%??? oragreed upon price=% that you estiate you will spend A?%??? orreno$ations. The frst three onths o the pro"ect will in$ol$e fndingand closing on the property% and the last three onths will in$ol$efxing up the property% fnding renters preera#ly two renters=% andpreparing fnancial inoration or you and your aunt. ssue thepro"ect starts on Octo#er 8 and fnishes on pril 8. Recall that theain pro"ect o#"ecti$es are to fnd and reno$ate a house that your

unt 0ulie would own #ut you would li$e in and #e a#le to rent outone to three roos. 0ulie has also agreed that she will let you earne,uity on the house. s she has said to you a ew ties% J1retend I6

your #an*er% and it6s your hoe.K 9ou will do all o the reno$ationplanning wor*% including creating detailed cost estiates or all othe reno$ations% preparing a detailed schedule or the reno$ations%o$erseeing reno$ations% preparing a rental agreeent and a strategyor fnding renters% and creating a spreadsheet to analy!e yourJortgageK payents and other fnancial inoration. se thepro"ect charter teplate pro$ided on the copanion We# site% andre$iew the saple in the text.

C. 1repare an initial scope stateent or the pro"ect. ssue that your unt 0ulie is doing the wor* to fnd and close on the house% which willta*e three onths and #e copleted #y 0anuary 8. The ain scope o

your wor* is to plan and o$ersee the reno$ations o the house% fndrenters% and prepare a spreadsheet or fnancial analysis. 9our auntwants you to get at least three #ids on all a"or expenses% li*e the&ooring and windows. Gefne *ey deli$era#les in as uch detail as



478

you can% as*ing your instructor or guidance i needed. E$en though you will not actually fnd and reno$ate a house% descri#e the wor* asi you were. ssue that the ain reno$ations you will need to doinclude the ollowing: tent the house to get rid o terites and otherinsectsU rent a dupster to get rid o a lot o "un* in the yard and

house% li*e the old carpet and *itchen aterialsU totally reodel the*itchen new ca#inets% appliances% sin*% lights% counter tops% etc.=U#uy a new urnace% washer and dryer% sup pup% and se$eralelectrical outletsU replace all the windowsU put in lainate &ooring inthe entire house except the #athroos=U paint the entire inside o thehouse% and spruce up the yard #y reo$ing soe old shru#s% planting&owers% repairing the wooden ence% and le$eling and seeding thelawn. Note: I you fnd an actual property% eel ree to change thereno$ation wor* as desired.=

. 5oplete a drat schedule in Excel or your class tea to wor* on

this case study. Include all o the tas*s in this case study using theain categories o initiating% planning% executing% onitoring andcontrolling% and closing. (rea* down the executing wor* to what youthin* is an appropriate le$el. The ain executing deli$era#les should#e a reno$ation cost estiate% reno$ation schedule% rental strategy%and fnancial spreadsheet. (e sure the W(3 is #ased on the pro"ectcharter% scope stateent% and other rele$ant inoration. Estiatehow any hours each o your tea e#ers will spend on each tas*in the Excel fle. 3ee the drat schedule teplate onwww.introp.co.

F. 1repare a 8?8C inute presentation to suari!e results ro theinitiating phase o the pro"ect. ssue the presentation is or aanageent re$iew to decide i the pro"ect should o$e on to thenext phase. (e sure that all o your pro"ect docuents are on a4oogle site that you share with your instructor or $iewing only.

Part 3: Plannin%

Ba-%r!&nd Senari!: 5ongratulations on fnding a property It has A#edroos and > ull #aths% is one-story% has a nice open ailyDdiningarea% and decent yard. It is one o the cheapest houses on the street% and

neigh#ors are happy you are o$ing in and plan to fx it up Thepre$ious owner *ic*ed out the pre$ious renters and decided to sell itinstead o fxing it up. 9ou lo$e the location and are excited to fx it upand o$e in. 9our aunt is ta*ing care o the fnancing and otherpaperwor*% and you close on the property on 0anuary 8. 9our ainconcern is how to redo the whole *itchen without spending a ortune%and you ha$e a good riendDrelati$e who will &y in town to do the total*itchen reodel i you pay hi or her 8%??? plus transportation% eals%



479

and a couple o nights on the town. 9ou will a*e sure you #uy the pre-asse#led ca#inets% appliances% etc. #eore heDshe arri$es. 9ou decide toha$e lainate &ooring installed in 8C?? eet o the house e$erywhereexcept the two #athroos= and get three #ids or the "o# roproessional copanies. ll o the interior walls need to #e painted% and

the yard needs a good clean-up. One section o the ence also needs to#e repaired% and you need a new sliding glass door with a doggie dooror the aily roo. 9our aunt suggests that you replace all o thewindows to a*e the house ore energy e2icient. t least they are allstandard si!es. 9ou also need a new urnace% sup pup% washer anddryer% and associated electrical wor* or the. 9ou also want to replaceost o the light fxtures and put in a couple o ceiling ans. 9our auntwould li*e you to try to get all o this wor* done or under A?%???. 3hewill &y out and do a lot o painting and yard clean-up% and you and soeriends and relati$es will do soe o the sipler wor* li*e gutting the

*itchen% ta*ing out the old carpeting% fxing the ence% helping with thepainting% and cleaning up the yard=% #ut you will hire proessionals asneeded or the other wor*. Wor* with your teaates and instructor toperor all or "ust soe o the ollowing planning tas*s or this pro"ect.

Ta"-"

8. Ge$elop a re,uireents tracea#ility atrix and a ore detailedscope stateent or the pro"ect. se the teplates pro$ided on thecopanion We# site% and re$iew the saples in the text.

>. 5reate a ilestone list or the executing part o the reno$ation part

o this pro"ect% and include at least 8? ilestones and estiatedcopletion dates or the. ssue that you close on the house on

0an. 8% you and soe riends will tear out the carpeting% gut the*itchen% and prepare the walls or painting the frst two wee*s in

0anuary% and you% your aunt% and three riends will paint the interiorwalls the third wee*end in 0anuary. ssue your riend will &y in thefrst wee* o )e#ruary. 9ou will ha$e the &ooring and windows put inas soon as possi#le ater the *itchen is done and do other necessarywor* so that you can o$e in #y )e#. >? and then start showing soeroos to potential renters. Ideally you would li*e the house to loo*

li*e a hoe and ha$e two renters sign agreeents no later than pril8.

;. se the W(3 you created earlier% the ilestone list you de$eloped innu#ers > a#o$e% and the new inoration pro$ided to create aninitial 4antt chart and networ* diagra in 1ro"ect >?8? or thepro"ect. 5reate one 4antt chart or the actual fxer upper pro"ect%assuing a start date o Octo#er 8 and end date o pril 8. 5reate asecond 4antt chart or your tea to do this case study% including all



480

the pro"ect anageent tas*s and the dates o your class or the.9ou will #rea* down the reno$ation wor* in ore detail in theExecuting part o this pro"ect.= Estiate tas* durations and enterdependencies% as appropriate. 1rint the 4antt chart and networ*diagra.

A. 5reate a ,uality chec*list or ensuring that the reodeling goes well. lso defne at least two ,uality etrics or the pro"ect. se theteplates and saples pro$ided.

C. 5reate a R5I chart or the ain tas*s and deli$era#les or thepro"ect% ocusing on what you and your class ates need to do. sethe teplate and saple pro$ided.

. 5reate a pro#a#ilityDipact atrix and list o prioriti!ed ris*s or thereno$ation part o the pro"ect. Include at least 8? ris*s. se theteplate and saple pro$ided.

F. 1repare a 8?8C inute presentation that you would gi$e tosuari!e results ro the planning phase o the pro"ect. ssuethe presentation is or a anageent re$iew to decide i the pro"ectshould o$e on to the next phase.

Part <: Exe&tin%

8. Ge$elop a cost estiate or all o the reno$ations. Try to get real #idsro real contractors and search or actual costs or aterials% suchas appliances% ca#inets% etc. Include photos o potential ites as well.

(e sure to list all o your a"or assuptions% and docuent yourresults in a spreadsheet orat. Ma*e it easy to change inputs% suchas cost per oot o &ooring% nu#er o windows% cost or appliances%the urnace% etc.

>. 1repare a ore detailed 4antt chart or "ust the reno$ations part othe pro"ect. (e aware o dependencies% such as washing the walls#eore priing the and priing the #eore painting the.Gocuent ,uestions you ha$e in preparing this 4antt chart to discusswith your instructor.

;. 1repare a strategy or fnding renters% de$eloping a rental

agreeent% and collecting and a*ing payents. 9ou *now what youneed to pay your unt 0ulie e$ery onth% #ut you need to fgure outwhat to charge renters and how to anage your personal cash &ow.Research ethods or fnding renters in the area and fnd goodsaples o rental agreeents. lso research $arious tax strategies

your aunt could use to inii!e paying taxes on this property. 7int:/oo* into Jgiting.K= Gocuent your fndings and recoendations ina >-; page report% plus reerences and attachents as needed.



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A. 5reate a spreadsheet to suari!e fnancial inoration thatincludes our sheets called /oan% 5ash )low% In$estent% and 3ell.Nae the frst sheet /oan and fgure out your onthly payents andinterest paid on a loan ro your unt 0ulie or ;C?%??? o$er ;?

years% using realistic interest rates. 7int: /oo* into loan

aorti!ation schedules and current ortgage rates=. dd a secondsheet call 5ash )low to show your total onthly expenses% includingthe cost or utilities% taxes assue ;%C?? per year% increasing ;per year=% hoeowners insurance% #asic aintenance% etc. on top othe payent you a*e to your aunt. lso include other expenses%such as ood% gas% car payents% etc. dd your pro"ected incoe%including oney you would recei$e ro renters. ssue you earnC?%???Dyear at your "o# and pay taxes% o course. Geterine youronthly cash &ow or a year. dd a third sheet called In$estent toshow your aunt that she is a*ing a good in$estent% assuing she

could ha$e in$ested the sae aount o oney ;C?%???= in a sae%low-interest in$estent. dd a ourth sheet called 3ell that assues you sell the house in ten years or AC?%???. 3uggest options to youraunt or how to handle that situation% including your e,uity in thehouse.

Part 4: M!nit!rin% and C!ntr!llin%

Ba-%r!&nd Senari!:

9ou and your riends had un gutting the *itchen and tearing out theugly carpets in the house. 1ainting the walls went well% and the house

already loo*s uch #etter. 9our riend &ew in to install the *itchenca#inets% appliances% and so on. 7owe$er% when you try to put thererigerator in% you reali!e that the ceiling is inches too low. 9ourriend says heDshe can raise the ceiling% #ut it will ta*e at least a ull dayo wor*% and heDshe will not ha$e tie to put in the counter tops or s*icoat and paint the ceiling. 9ou thin* your relati$e% Nic*% can do that or

you% #ut he is $ery #usy. 9ou cleaned up the yard pretty well% #ut now you disco$er that you ha$e gophers. 9ou don6t want to try to le$el the#ac* yard or plant new grass seed until you can get rid o your gopherpro#le.

Wor* with your teaates and instructor to peror all or "ustsoe o the ollowing onitoring and controlling tas*s or this pro"ect.

Ta"-"

8. Giscuss with your tea e#ers what you can do to con$ince yourrelati$e% Nic*% to install your lainate counter tops and fnish the*itchen ceiling. lso get at least two #ids or what it would cost tohire soeone to do the wor*. 7int: /ocal hardware stores oten do



482

this *ind o wor*=. 1repare a short paper suari!ing theinoration.

>. Research di2erent approaches or getting rid o gophers and a*e arecoendation on what to do in a short paper. Include three

reerences.;. Re$iew the 3e$en (asic Tools o Buality. (ased on the current pro"ect

scenario% pic* one o these tools and create a chartDdiagra to help you sol$e pro#les you are acing. se the teplates and saplespro$ided.

A. pdate your list o prioriti!ed ris*s. 5reate a ris* register entry ortwo o the. se the teplate and saple pro$ided.

Part =: Cl!"in%

Ba-%r!&nd Senari!:

It is March 8. 9ou o$ed into the reno$ated house on )e#. >?% asplanned. 3e$eral o your aily% riends% and co-wor*ers helped you withurnishing and decorating the house% and it is starting to eel li*e ahoe. 9ou tried your frst approach to get rid o the gophers% #ut it hasnot wor*ed. 9ou decide to wait a ew onths and deal with the #ac*

yard then. riend o a riend is $ery interested in renting a roo% and you are excited a#out that. One o your other relati$es% a >8-year-oldwho dropped out o college and is wor*ing >?-;? hours a wee* at a localhardware store% has o$ed in. 7e can only contri#ute >??Donthtoward rent% #ut he is $ery handy% lo$es your two sall dogs% and youli*e ha$ing hi around. 9our unt 0ulie strongly encouraged you to lethi li$e with you until he decides what to do with his lie. 9ou eel $eryluc*y to #e li$ing in your own house and want to learn ore a#out doingthings li*e landscaping.

Wor* with your teaates and instructor to peror all or "ustsoe o the ollowing closing tas*s or this pro"ect.

Ta"-"

8. 9our unt 0ulie is coing to $isit March 8-8H as part o her $acation.

3he has not seen the house since she cae to help paint. 9ou6$e #eensending her pictures and getting her ad$ice along the way% #ut youreally want to ipress her and than* her or what she6s done.1repare a 8?8C slide presentation to suari!e the results o thereno$ation pro"ect. Gescri#e the initial pro"ect goals% planned $ersusactual scope% tie% and cost inoration% challenges aced% and#eore and ater pictures #e creati$e in fnding pictures=.



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>. 1repare a lessons-learned report or the entire pro"ect% ocusing onwhat you and your class ates learned a#out pro"ect anageentand in$esting in a fxer upper. Include input ro all sta*eholders insuari!ing the lessons learned. se the teplate and saplepro$ided% and #e creati$e in your response.

;. 1repare a fnal pro"ect report% using inoration ro progressreports and your fnal pro"ect presentation and the teplatepro$ided. (e sure to include all o the docuents you ha$e preparedas appendices.

SIMULATION SOFTWARE nother way to practice your pro"ect anageent s*ills is #y usingsiulation sotware. There are se$eral tools a$aila#le% including threelisted #elow. Note that all are separate purchases. These three tools are

all We#-#ased and cost >?- A? per student with discounts orentioning this #oo*. 5onsult the suppliers or ore details. I you fnd#etter ones or ha$e suggestions on using these tools% please let e *nowat schwal#e+augs#urg.edu.

8. Fi""&re /$$$);""&re)!m1 now pro$ides a we#-#ased tool to helpstudents apply their pro"ect anageent s*ills in a siulateden$ironent. The price listed in >?8> was ;S.SC. Most students canrun the siulation once within >-; hours and #eneft ro running itagain% ta*ing another 8-> hours. The ollowing inoration was ta*enro their We# site in 0une% >?8>.

3i1ro"ectV% the lliance 1rototype pro"ect is a siulated pro"ectro )issure 5orporation used #y any acadeic institutionsaround the world as part o their pro"ect anageent curriculu.3i1ro"ect% the lliance 1rototype pro"ect has F tas*s and 8?potential tea e#ers. 3i1ro"ect can #e gi$en as standalonehoe wor* or students indi$idual or teas=% or utili!ed as aclassroo acti$ity with teas o three or our students sharingthe role o pro"ect anager. 1urchase includes three runs orcoplete executions o the siulated pro"ect. 3i1ro"ect will

expire ater the third run or ater 8>? days e$en i all runs arenot copleted=.

>. D!&+le Ma"ter" /$$$)d!&+lema"ter")!m1 pro$ides a pro"ectanageent siulation or acadeia. Instructors should contactino+dou#leasters+co and ention this #oo* to recei$e a >?discount on the acadeic $ersion. The price in 0une >?8> was >S.SCper student without the discount=. Most students ta*e a#out F hours to



484

run the entire siulation. The ollowing inoration was ta*en rotheir We# site in 0une% >?8>:

Gou#le Masters siulations are o2ered $ia the we# on deandand can #e run whene$er con$enient or the student or instructor.

This eans there is no sotware to download or anage and thesiulation can #e accessed ro any coputer in the world% aslong as there is Internet connecti$ity.

The process is siple and straightorward:

• n instructor will sponsor a session: a session IG and

access code are generated in order to group students into asingle online course

• The instructor defnes the session duration: start and end

date or student accessi#ility

• The students create a user account and register or the

session identifed #y their instructor

• The students can only run the siulation during the

esta#lished tie constraints o the siulation

Registering or the siulation is easy. Instructors should ha$etheir students consult the 3tudent 4uide or detailed instructions.

ssessing 1erorance

Reports are pro$ided that a*e it easy or instructors to trac*their studentsP siulation run results.

@ey inoration reported includes:

• 5oplete list o decisions ade

• Mail and docuents read

• 3chedule and #udget data

• )inal Earned 'alue Manageent etrics

http://www.doublemasters.com/support/project_integration_management_2010_users_guide.pdf

http://www.doublemasters.com/support/project_integration_management_2010_users_guide.pdf



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The siulation pro$ides each student with detailed eed#ac*%using $arious etrics to gauge the e2ecti$eness o his or herdecisions. 3corecard is a$aila#le to #oth the student andinstructor with a fnal score out o 8??.

;. Sand+!x M!del /$$$)"and+!xm!del)!m1 also pro$ides asiulation tool. The price in 0une >?8> was C? per student% and you canget a ;? discount #y entioning this #oo*. Most students can run thewe#-#ased siulation once within ;? inutes. The ollowing inorationwas pro$ided in 0une% >?8>.

The 1T( is an award winning training and siulation tool whichis used in designing and anaging real world pro"ects thatre,uire the use o all 1ro"ect Manageent aspects. Originallyde$eloped at the Technion Institute o Technology% the sotware is

now used #y ni$ersities and practitioners around the world. Thesiulation engine has scientifc oundations that are #ased onreality.

sing the 1T(% pro"ect anagers o all le$els can siulate realworld case studies and peror Jwhat iK analysis to predict howthe pro"ect they designed ight play out in the real world.1ro$iding lie-li*e uncertainty% pro"ect anagers cope withanaging the ongoing pro"ect in an en$ironent whichephasi!es pro"ect onitoring and controlling to a le$el ne$er

seen #eore in a training tool. The 1T( integrates di2erenttopics o pro"ect anageent into one coplete tool. The usersget a chance to see how e$erything connects through acti$ehands-on training% rather than #y listening to lectures.

While other pro"ect anageent siulation tools include a sallnu#er o predefned pro"ects that the user can siulate% the1T( includes a user-riendly case study generator% acilitatingthe de$elopent o new case studies that suit a $ariety o#usinesses and pro"ects. The odule e$en allows or iportingpro"ects ro third party sotware such as Microsot 1ro"ect. Thiseature ena#les using the 1T( in di2erent felds such assotware de$elopent% construction% etc.

The 1T( is the only pro"ect anageent siulator that ta*es $ariance into account. Each pro"ect tas* can #e perored in anu#er o di2erent odes. When the trainee selects the ode orexecution% the decision a2ects the pro"ect cost% schedule and



486

,uality. nother uni,ue eature is the 7istory Mechanis. Thisperits users to Jtra$el in tieK% $iew past decisions ade in thepro"ect lie cycle% and correct the i necessary. ter the pro"ectsiulation ends% the echanis allows the user to learn ro pastista*es and to duplicate successul solutions.

The 1T( won the 1MI pro"ect o the year award.

MIND?IEW BUSINESS SOFTWARE

s entioned in earlier chapters o this text% you can use ind-apping sotware to peror a 3WOT analysis% create a W(3% andore. ter creating a W(3 with Mind'iew (usiness sotware% you caneasily $iew it in a 4antt chart orat as well. Readers o this text candownload a ?-day ree trial o Mind'iew (usiness sotware #yMatchware% Inc. 4o to www.atchware.coDintrop or oreinoration. )igure 5-; pro$ides saple screen shots ro Mind'iew(usiness.

Fi%&re C'<) Mind?ie$

9ou can fnd nuerous $ideos on how to use this powerul sotware%starting with the Buic*start $ideo on www.atchware.coDintrop.(elow is ore inoration ta*en ro www.atchware.co in 0une%>?8>.



487

@i-'Start 5!&r Plannin% Se""i!n"

Need a #etter way to $isuali!e your tas*s and wor* streas

)rustrated #y note ta*ing during planning eetings /oo*ing ora proessional 4antt chart tool that is ast and easy to use ThenMatchWare Mind'iew A (usiness is the ideal pro"ect anageentsotware tool or you

MatchWare Mind'iew lets you use Mind Mapping to help e$erye#er o your tea ully understand the pro"ect% contri#ute toplanning% ollow the pro"ect tieline and clearly $isuali!e all tas*s

in an organi!ed anner. It lets you ta*e notes Jon-the-&yK orcriteria or ris* anageent and allows you to attach rele$ant flesto each tas* in your Mind Map ExcelV fles% technical drawings%etc.=. Tas* inoration such as resources% duration and prioritiescan also easily #e applied directly onto your Mind Map.

MatchWare Mind'iew (usiness #ridges the gap #etween MindMapping and pro"ect planning #y integrating a dynaic 4antt

5hart. This allows you to create ost o your pro"ect plan in theMind Map $iew and then siply switch to the 4antt $iew or fne-tuning. 9our fnal 4antt chart can then easily #e printed orintegrated with MicrosotV 1ro"ect.

MatchWare Mind'iew (usiness is ast% e2icient% a2orda#le andeasy to use 0ust ollow these A easy steps:

8. (rainstor using Mind Mapping

>. pply tas* inoration

;. )ine tune pro"ect plans in the #uilt-in 4antt $iew

A. 1resent your pro"ect plan



488

@e2 Feat&re" !# Mind?ie$ 4 B&"ine"" #!r Pr!.etMana%ement

• (uilt-in 4antt 5hart

• (uilt-in 1ro"ect Tieline

• Export D iport to M3 O2iceV

• Integration with M3 1ro"ectV

• QM/ export D iport

• )REE $iewer

PROECT MANA9EMENT CERTIFICATIONS

s entioned in 5hapter 8 o this text% any people are interested incertifcation in pro"ect anageent. I personally earned 1M1certifcation in 8SSH% #eore I started writing text#oo*s% and this #oo*was written to #e a resource in earning 1M1 or 51M certifcation aswell as a general text#oo* in pro"ect anageent.

9ou can access a pd fle ro y personal We# site atwww.*athyschwal#e.co under Test ad$ice the lower let lin* on thehoe page=% or ollow the lin* ro www.introp.co. This docuent%called Appendix B: Advice for the Project Management Professional(PMP !xam and "elated #erti$cations% descri#es $arious certifcationprogras and pro$ides detailed inoration on 1MI6s 1M1 and5opTI6s 1ro"ectX certifcations% the structure and content o theseexas% suggestions on preparing or the exas% tips or ta*ing theexas% saple ,uestions% and inoration on related certifcations. Thisdocuent is an appendix ro y other #oo*% %nformation &echnolog'

Project Management )eventh !dition% and it is pro$ided on y We# sitewith pu#lisher perission.

My We# site also pro$ides general ad$ice on ta*ing exas andlin*s to ree saple 1M1 exas. lso ree#er that you do not needwor* experience to earn the 1ro"ect X certifcation or 1MI6s 5ertifed

ssociate in 1ro"ect Manageent 51M=. 5onsider earning thesecertifcations right ater you fnish your #achelor6s degree% and considerearning the 1M1 ater you ha$e wor*ed on pro"ects or a ew years. 9ou



489

can also earn other certifcations ro 1MI% including the 1rograManageent 1roessional% gile 5ertifed 1ractitioner% Ris*Manageent 1roessional% and 3cheduling 1roessional. 5onsult 1MI6sWe# site or ore details.

Documents

4eintropm Appendix c