Memo Cost And Schedule Management Assignment Sample

Introduction: Memo Cost And Schedule Management

Access Free Samples Prepared by our Subject Matter Experts, known for offering the Best Online Assignment Help Services in Australia.

The memo is framed to incorporate and update the project as per the evolution needs. The changes in the time plan and the change in the costs of the project are evaluated and calculated along with the resources that are allocated for the tasks of the project. The project schedule and the project costs have changed due to the change in the timeline of the project. The changes are evaluated with respect to their impact on the development of the project.

Background

The development project is for the development of an application for the company The Handy Travel Co.Ltd, which is to achieve a system with an enhanced UI to promote user-friendly systems for better operations. The features of the application are to be developed in an efficient manner so that the travelers can have no hassles while travelling from where they complete their complete planning, booking and managing of their expenses of travel on one single platform. The user experience and the satisfaction of the users are aimed to be enhanced with the development of this application for the company (El Khatib, et al. 2022). 6 months are being provided for the completion of the project in a successful manner, the application is to be integrated with a number of services for the better serving of the community and customised services to enhance the overall experience of travelling. A change in the timeline is caused due to the delay of the task which has caused an overall delay of 4 days. The impacts of this change in the timeline and in the cost of the project are also evaluated. The allocation of the project manager is also changed for a few tasks of the project and this has caused fluctuation of the budget allocated and a change in timeline.

Overview

The project is to develop the user interface of the application of the company, The Handy Travel Co. Ltd. The aim of the project is to enhance the user experience and to provide the users with a better experience where they can book and plan their travels and evaluate their expenses of travel on a single platform (Meredith, et al. 2020). The project is aimed to provide a user-centric product that can be serving value to diverse travelers, the process of booking and planning travel is to be streamlined and the revenue is to be generated from vast channels because of the use of this application for the betterment of the travelers.

Figure 1: Project Overview

(Source: Self-created in MS WORD)

The costs of development of the project are all being evaluated and the time plan of the project is also evaluated for the planning and procurement of the project (Cerezo-Narváez, et al. 2020). The delay of 4 days is being caused in the stages of development and coding where the backend infrastructure, front-end functionalities and the API and third parties are integrated and the authentication of the user identity and the search functionalities is being developed for the application.

Scope

The project is to develop an application for the company The Handy Travel Co. Ltd that can be used by the travelers to make their plans of travelling very unique and hassle free. The different parameters of travel which are planning, evaluation of the travel expenditure, booking are all to be done along with other features for the enhancement of the experience of the users and the travellers. The streamlined process is to be done in the application and a number of services are to be integrated which needs for the integration of the third party and APIs (Urba?ski, et al, 2019). The user registration and the management of the profile is to be done in a streamlined manner. The planning of travels and the information on the destination are also to be provided in the application, the creation of the itineraries are to be done easier manner and the reviews and ratings system is required in the application to understand the feedback from the users, the alerts of travels and notification system is to be integrated and the system to share information through social media and the use of analytics and reporting is also to be done.

Timeline

The time plan is presented with the use of the Gantt chart. The stage of development has faced a delay of 4 days and the stage included a number of tasks. The task of developing the application has faced the changing of the project manner. A total of 6 months are being provided for the completion of the project (Lappi, et al. 2019). The allocated manager has been changed from Kenneth.K to Selina and David for the task to develop the backend, this has caused for the change of the baseline cost for this task to change from $3200 to $3400 and the task to develop the functionalities in front end was also allocated from the managership of Kenneth.K to Ellis.C this has caused for the decrease of the baseline cost from $6400 to $5600, and the task of developing the search feature in the application has changed the managership of Kenneth to Selina, and there was no change in the baseline costs. There was no change in the overall budget of the project to develop the application for the company.

Figure 2: Gantt chart

(Source: MS Project)

Closing

A delay of 4 days was faced in the completion of the project, and the delay was caused because the resources allocation of the tasks was being changed. Kenneth. K is being replaced with Selina, David, and Ellis. C which has also caused the fluctuation in the costs that are needed for the creation of each of the task packets of the project. The task of developing the front-end functionalities faced delays and changes in the resources that are allocated for the task packet (Erickson & Halford, 2020). The delay has caused the risk of not completing the project in the time plan as estimated to be 6 months. The use of the technique of fast-tracking to overcome this delay of 4 days to complete the project in the predicted time.

Conclusion

The MEMO is being created to evaluate the development of the application and to incorporate the change that is integrated into the application of travel for the company, The Handy Travel Co. Ltd. The change of the project manager, from Kenneth K is being evaluated in the different stages of the project and the changes of the resources has caused for the change in the baseline costs, but the costs have not been crossed the proposed budget and the use of the fast-tracking method is used to complete the project on time by tackling with the delay in the timeline.

References

Journals

• El Khatib, M., Alhosani, A., Alhosani, I., Al Matrooshi, O., & Salami, M. (2022). Simulation in Project and Program Management: Utilization, Challenges and Opportunities. American Journal of Industrial and Business Management, 12(4), 731-749.
• Cerezo-Narváez, A., Pastor-Fernández, A., Otero-Mateo, M., & Ballesteros-Pérez, P. (2020). Integration of cost and work breakdown structures in the management of construction projects. Applied sciences, 10(4), 1386.
• Urba?ski, M., Haque, A. U., & Oino, I. (2019). The moderating role of risk management in project planning and project success: Evidence from construction businesses of Pakistan and the UK. Engineering Management in Production and Services, 11(1), 23-35.
• Lappi, T. M., Aaltonen, K., & Kujala, J. (2019). Project governance and portfolio management in government digitalization. Transforming Government: People, Process and Policy, 13(2), 159-196.
• Erickson, V. J., & Halford, A. (2020). Seed planning, sourcing, and procurement. Restoration Ecology, 28, S219-S227.
• Meredith, J.R., Shafer, S.M., Mantel Jr, S.J. and Sutton, M.M., (2020). Project management in practice. John Wiley & Sons.