Description
ASSIGNMENT # 4
MANAGE COSTS
October 16, 2023
OVERVIEW
1. Control Costs
Now that you know all about Earned Value Management (EVM) For this assignment, you will review
the Cost Management Plan developed in Assignment 1 and specifically the Rules of Performance
Measurement and Cost Reporting Format sections. You will modify these sections based on your
learnings.
Based on your new advanced knowledge, you have decided to use the following four EVM concepts
in your project:
Cost Variance (CV)
Schedule Variance (SV)
Cost Performance Index (CPI)
Schedule Performance Index (SPI)
For groups that want to exceed my expectations, your group can also additionally use the following
concept:
To Complete Performance Index (TCPI)
2. High-Level Requirements
Create a copy of your final Assignment # 1 submission and update the Rules of Performance
Measurement and Cost Reporting Format sections.
Rules of Performance Measurement section:
Describe Earned Value Management and describe EVM in terms a regular manager would
understand. Note: You can use AI for this but keep the descriptions short!
Write a description for each of the four EVM concepts listed above. (ie. CV, SV, CPI, SPI)
Cost Reporting Format section:
Design a report using Excel that will document these calculations by week (or month). Don’t
forget to include columns for the data that generates these metrics. (ie. EV, AC, PV)
Create a graph of the CPI and SPI, by week
Create an example of the report and the graph using at least 10 data points. (10 weeks or
10 months).
Include a screen cap of both in the Cost Management Plan.
Note you can use made-up numbers… you don’t need to calculate EV, AC and PV from any
of your cost estimates) I just want to see the formulas work and you have a nice trending
graph. (Trending up or down, your choice, just make it reasonable)
Include the Excel worksheet in your assignment submission.
Page 2
3. Deliverables
MS Word document with a revised Cost Management Plan with updated Rules of
Performance Measurement and Cost Reporting Fo
Unformatted Attachment Preview
Assignment 2
PRM1003 – Project Cost Management
Group Number: 8
Group Name: Pros
Submitted to: Kevin Bryanton
Submitted on: September 15, 2023
Table of Contents
Define Activities ………………………………………………………………………………………………………………………….. 3
Work Breakdown Structure…………………………………………………………………………………………………………… 4
DURATION ESTIMATES …………………………………………………………………………………………………………………. 5
DURATION ESTIMATING WORKSHEET …………………………………………………………………………………………….. 6
ACTIVITY COST ESTIMATES ……………………………………………………………………………………………………………. 7
COST ESTIMATING WORKSHEET…………………………………………………………………………………………………….. 9
BOTTOM-UP ESTIMATING WORKSHEET………………………………………………………………………………………… 10
Assumption log …………………………………………………………………………………………………………………………. 11
REFERENCES ……………………………………………………………………………………………………………………………… 12
Define Activities
Project: City Park Renovation
1. Project Initiation
1.1. Project Charter Development
1.2. Stakeholder Identification and Analysis
1.3. Project Approval
2. Planning
2.1. Project Management Plan Development
2.2. Budget and Cost Management Plan Development
2.3. Scope Definition and Requirements Gathering
2.4. Detailed Park Renovation Planning and Designing
3. Execution
3.1. Playground Renovation
3.1.1. Installation of New Equipment and Safety Surfaces
3.2. Park Lighting Upgrade
3.3. Landscaping Improvements
3.3.1. Planting Native Trees and Shrubs
3.4. Installation of Picnic Areas, Benches, and Trash Receptacles
3.5. Walking Paths and Trails Improvement
3.6. Addition of Eco-friendly Amenities
3.6.1. Rain Gardens and Recycling Stations
3.7. Community Engagement Activities
3.7.1. Surveys and Public Meetings
3.8. Quality Control and Inspection
3.9. Cost Management
3.9.1. Cost Data Collection
3.9.2. Cost Reporting and Communication
4. Closure
4.1.1. Final Inspection and Acceptance
4.1.2. Project Completion Report
4.1.3. Handover to the Greater Sudbury City Council
5. Contingency Planning
5.1.1. Allocation and Management of Contingency Budget
Work Breakdown Structure
Project Title: City Park Renovation
Date: 11-10-2023
0
City Park Renovation
1
2
3
4
5
Project Initiation
Planning
Execution
Closure
Contingency Planning
1.1
2.1
3.1
4.1
Project Charter
Development
Project Management
Plan Development
Playground
Renovation
Final Inspection and
Acceptance
1.2
2.2
Stakeholder
Identification and
Analysis
Budget and Cost
Management Plan
Development
1.3
Scope Definition and
Requirements
Gathering
2.23
Project Approval
3.2
Park Lighting Upgrade
3.3
Landscaping
Improvements
2.4
I3.4
Detailed Park
Renovation Planning
and Designing
istallation of Picnic
Areas, Benches, and
Trash Receptacles
3.5
Walking Paths and
Trails Improvement
3.6
Addition of Ecofriendly Amenities
3.7
Community
Engagement Activities
3.8
Quality Control and
Inspection
3.9
Cost Mana3.gement
4.2
Project Completion
Report
4.3
Handover to the
Greater Sudbury City
Council
5.1
Allocation and
Management of
Contingency Budget
DURATION ESTIMATES
Project Title: City Park Renovation
WBS ID
Activity Description
1.1
Project Charter Development
1.2
Stakeholder Identification and
Analysis
1.3
Project Approval
2.1
Project Management Plan
Development
2.2
Budget and Cost Management Plan
Development
2.3
Scope Definition and Requirements
Gathering
2.4
Detailed Park Renovation Planning
and Designing
3.1.1
Installation of New Equipment and
Safety Surfaces
Date Prepared: 11-10-2023
Effort Hours
Duration
Estimate
32
4 day
16
2 day
8
1 day
24
3 day
16
2 day
16
2 day
32
4 day
184
23 day
3.2
Park Lighting Upgrade
144
18 day
3.3.1
Planting Native Trees and Shrubs
104
13 day
3.4
Installation of Picnic Areas, Benches,
144
18 day
120
15 day
and Trash Receptacles
3.5
Walking Paths and Trails
Improvement
3.6.1
Rain Gardens and Recycling Stations
112
14 day
3.7.1
Surveys and Public Meetings
48
6 day
3.8
Quality Control and Inspection
24
3 day
3.9.1
Cost Data Collection
16
2 day
3.9.2
Cost Reporting and Communication
8
1 day
4.1.1
Final Inspection
16
2 day
DURATION ESTIMATING WORKSHEET
Project Title: City Park Renovation
Date Prepared: 11-10-2023
Parametric Estimates
Resource
% Available
Performance
Duration
Factor
Estimate
WBS ID
Effort Hours
3.1.1
184
6
100%
1.0
30.66
3.2
144
4
80%
1.1
40.90
3.3.1
104
5
80%
1.0
26
3.4
144
7
100%
0.9
22.85
Previous
Previous
Current
Activity
Duration
Activity
Multiplier
Duration Estimate
1.1
Similar project
7 day
1.2
8.4 day
2.1
Similar project
13 day
1.2
15.6 day
2.4
Similar project
6 day
1.2
7.2
3.6.1
Similar project
16 day
1.2
19.2
Quantity
Analogous Estimates
WBS ID
For this
project
For this
project
For this
project
For this
project
Note: Took multiplier 1.2 as this project is 20% bigger than the similar project
Three-Point Estimates
Optimistic
Most Likely
Pessimistic
Weighting
Expected Duration
Duration
Duration
Duration
Equation
Estimate
3.5
48
28
56
Equation A
42
3.7.1
56
70
82
Equation A
70
3.8
14
21
28
Equation A
21
3.9.1
14
21
28
Equation A
21
3.9.2
14
14
21
Equation A
15.12
WBS ID
Note: Equation A: Optimistic + 4 x Most Likely + Pessimistic) / 6
ACTIVITY COST ESTIMATES
WBS
ID
1.1
Project
Manager
12000
NA
NA
12000
Parametric A full-time
project manager.
Estimate
Basis of
Estimates
Historical
data
1.2
Stakeholder
Analyst
4500
NA
NA
4500
Parametric A part-time
stakeholder
Estimate
analyst.
2.4
Planning
Team,
Engineer
and
Landscape
Architect
14000
NA
700
14700
4.1.1
Safety
Inspector
2000
NA
NA
3.0
Labour
65000
NA
NA
Resource
Playground
equipment
and Safety
3.1.1
surface
materials
Surfaces
3.2
Electrician
Lighting
fixtures and
Labour Physical
Reserve Estimate
Costs
Costs
Method
NA
20000
2200
Assumptions/
Constraints
4000
200
Confidence
Level
-5%/+10%
High
Historical
data
-5%/+10%
High
Parametric A small planning
team.
Estimate
Historical
data
-5%/+10%
Medium to
high
2000
Parametric The involvement
of a safety
Estimate
inspector
Historical
data
-5%/+10%
High
65000
Parametric Able to find
cheap labour
Estimate
Historical
data
-5%/+10%
Medium
22200
Parametric
Estimate
Moderate
investment in
playground
equipment.
6700
Parametric of lighting
fixtures and
Estimate
The replacement
2500
Range
bulbs.
Industry
standards
Medium to
and
10%/+25% high
market
value
Industry
standards
10%/+25% High
and
market
bulbs
3.3.1
3.4
Native Trees
and Shrubs
Picnic tables
Benches
Trash
receptacles
Pavement
materials,
Gravel or
3.5
pebbles for
trails
Plants for
rain gardens
3.6.1 and
Recycling
bins
Meeting
materials
3.7.1
(chairs,
tables, etc.)
NA
3750
350
4100
Parametric The planting of
native trees and
Estimate
shrubs
NA
8000
400
8400
Parametric The installation
of picnic tables.
Estimate
NA
21500
2100
23500
Parametric
Estimate
The use of
quality
pavement
materials.
NA
1200
120
1320
Parametric The planting of
plants for rain
Estimate
gardens
1500
NA
NA
150
Parametric Expenses for
meeting
Estimate
materials.
value
Industry
standards
Medium to
and
10%/+25% high
market
value
Industry
standards
and
10%/+25% Medium
market
value
Industry
standards
and
10%/+25% High
market
value
Industry
standards
Medium to
and
10%/+25% high
market
value
Industry
standards
and
-5%/+10% Medium
market
value
COST ESTIMATING WORKSHEET
Project Title: City Park Renovation
Date Prepared: 11-10-2023
Parametric Estimates
WBS ID
3.1.1
3.1.1
3.2
3.3.1
3.4
3.4
3.4
3.5
3.5
3.6.1
3.6.1
Material
Safety Surface Materials
Playground Equipment
Lighting Fixtures and
Bulbs
Native Trees and Shrubs
Picnic Tables
Benches
Trash Receptacles
Pavement Materials
Gravel or Pebbles for
Trails
Plants for Rain Gardens
Recycling Bins
Cost
Variable
feet
Unit
Unit
Unit
Unit
Unit
Unit
Feet
Cubic yard
Plant
Unit
Cost per
Unit (CAD)
15 per Sqft.
2000 /U
200 per
fixture
75 per plant
300/U
200/U
100/U
10/Sqft.
50 cubic
yard
25/P
75/U
Number of
Units
800 Sqft
4
Cost Estimate
(CAD)
12000
8000
20
4000
50
10
15
20
2000 Sqft
3750
3000
3000
2000
20000
30 cubic yard
1500
20
10
500
750
BOTTOM-UP ESTIMATING WORKSHEET
Project Title: City park renovation
Date prepared: 11-10-2023
WBS
ID
Labour
Hours
Labour
rate
Total
labour
Other direct
costs
Indirect
costs
Reserves
Estimate
1.1
32
$50/hour
$1,600
–
–
–
–
–
–
–
$1,600
1.2
16
$45/hour
$720
–
–
–
–
–
–
–
$720
1.3
8
$40/hour
$320
–
–
–
–
–
–
–
$320
2.1
24
$60/hour
$1,440
–
–
–
–
–
–
–
$1,440
2.2
16
$40/hour
$640
–
–
–
–
–
–
–
$640
2.3
16
$40/hour
$640
–
–
–
–
–
–
–
$640
2.4
32
$70/hour
$2,240
–
–
–
–
–
–
$700
$2,940
3.1.1
184
$30/hour
$5,520
$22,200
–
–
–
–
–
–
$27,720
3.2
144
$40/hour
$5,760
$6,700
–
–
–
–
–
–
$12,460
3.3.1
104
$50/hour
$5,200
$4,100
–
–
–
–
–
–
$9,300
3.4
144
$60/hour
$8,640
$8,400
–
–
–
–
–
–
$17,040
3.5
120
$50/hour
$6,000
$23,500
–
–
–
–
–
–
$29,500
3.6.1
112
$30/hour
$3,360
$1,320
–
–
–
–
–
–
$4,680
3.7.1
48
$40/hour
$1,920
$150
–
–
–
–
–
–
$2,070
3.8
24
$30/hour
$720
–
–
–
–
–
–
–
$720
3.9.1
16
$40/hour
$640
–
–
–
–
–
–
–
$640
3.9.2
8
$40/hour
$320
–
–
–
–
–
–
–
$320
4.1.1
16
$40/hour
$640
–
–
–
–
–
–
–
$640
Materials Supplies Equipment Travel
Total = 113,390
Assumption log
Due
Date
Actions
Project Manager
Ongoing
Regular check-ins and
communication to ensure
project manager availability.
The involvement of a landscape
architect.
Project Manager
Ongoing
General
The involvement of a safety
inspector.
Project Manager
Ongoing
4
General
Labor costs are estimated based
on the availability of cheap labor.
Project Manager
Ongoing
Continuously monitor labor
availability and costs.
Open
5
Playground
Equipment
There will be a moderate
investment in playground
equipment.
Project Manager
Ongoing
Verify the budget allocated for
playground equipment.
Open
6
Surface and
pavement
Materials
High-quality surface materials will
be used.
Construction team and
architect
Ongoing
7
Native Trees
and Shrubs
Native trees and shrubs will be
planted.
Project Manager
Ongoing
8
Picnic Tables,
Benches and
Trash
Receptacles
Goods will be installed.
Construction team and
architect
Ongoing
ID
Category
Assumption/Constraint
1
General
A full-time project manager will
be available throughout the
project.
2
General
3
Responsible
Party
Maintain regular
communication with the
landscape architect.
Ensure the safety inspector
remains engaged throughout
the project.
Regularly check the quality
and specifications of the
materials.
Coordinate with the landscape
architect and verify the
plantings.
Check the status of the all the
material installation.
Status Comments
Open
Open
Open
Open
A project manager’s
availability may change;
close monitoring is
required.
The architect’s schedule and
availability should be
tracked.
Monitor the safety
inspector’s ongoing
involvement.
Labor market conditions can
change; regular monitoring
is vital.
The budget should be
checked to ensure it aligns
with the assumption.
Quality should align with
the assumption; inspection
is needed.
Open
Ensure that plantings
adhere to the assumption.
Open
Ensure that installation
aligns with the project plan.
REFERENCES
•
•
(2017). A guide to the project management body of knowledge (PMBOK guide) / Project Management Institute. Other titles: PMBOK
guide (6th ed., pp. 231-238). Project Management Institute.
OpenAI. “How to estimate Cost for project Chat with GPT-3.5.” OpenAI Chatbot, September 28, 2023. How to estimate Cost for
project (openai.com).
ASSIGNMENT # 4
MANAGE COSTS
October 16, 2023
OVERVIEW
1. Control Costs
Now that you know all about Earned Value Management (EVM) For this assignment, you will review
the Cost Management Plan developed in Assignment 1 and specifically the Rules of Performance
Measurement and Cost Reporting Format sections. You will modify these sections based on your
learnings.
Based on your new advanced knowledge, you have decided to use the following four EVM concepts
in your project:
• Cost Variance (CV)
• Schedule Variance (SV)
• Cost Performance Index (CPI)
• Schedule Performance Index (SPI)
For groups that want to exceed my expectations, your group can also additionally use the following
concept:
• To Complete Performance Index (TCPI)
2. High-Level Requirements
Create a copy of your final Assignment # 1 submission and update the Rules of Performance
Measurement and Cost Reporting Format sections.
Rules of Performance Measurement section:
• Describe Earned Value Management and describe EVM in terms a regular manager would
understand. Note: You can use AI for this but keep the descriptions short!
• Write a description for each of the four EVM concepts listed above. (ie. CV, SV, CPI, SPI)
Cost Reporting Format section:
• Design a report using Excel that will document these calculations by week (or month). Don’t
forget to include columns for the data that generates these metrics. (ie. EV, AC, PV)
• Create a graph of the CPI and SPI, by week
• Create an example of the report and the graph using at least 10 data points. (10 weeks or
10 months).
• Include a screen cap of both in the Cost Management Plan.
• Note you can use made-up numbers… you don’t need to calculate EV, AC and PV from any
of your cost estimates) I just want to see the formulas work and you have a nice trending
graph. (Trending up or down, your choice, just make it reasonable)
• Include the Excel worksheet in your assignment submission.
Page 1
3. Deliverables
• MS Word document with a revised Cost Management Plan with updated Rules of
Performance Measurement and Cost Reporting Format sections
• Excel spreadsheet with report example and graph.
4. Due Friday, October 20th, 2023 @ 11:59PM
Page 2
Assignment 1: Cost Management Plan
PRM1003 – Project Cost Management
Submitted to: Kevin Bryanton
Submitted on: October 1, 2023
Table of Contents
PROJECT CHARTER ………………………………………………………………………………………………………………………. 1
COST MANAGEMENT PLAN…………………………………………………………………………………………………………… 3
ASSUMPTION LOG……………………………………………………………………………………………………………………….. 5
REFERENCES ……………………………………………………………………………………… Error! Bookmark not defined.
PROJECT CHARTER
Project Title: City Park Renovation
Project Sponsor: Greater Sudbury City Council
Date Prepared: 9/27/2023
Project Manager: Amandeep
Project Customer: Residents of Sudbury
Project Purpose:
The purpose of the Project is to provide the state-of-the-art modern Central Park with modern
facilities to enhance customer/residents experience of the facility.
High-Level Project Description:
Renovation of the Central City Park, which includes the addition of new play areas, jogging tracks,
and landscaping.
Key Deliverables:
1.
2.
3.
4.
5.
6.
7.
8.
Detailed Park renovation plans and designs.
Upgraded playground equipment and safety surfaces.
Improved Park lighting.
Landscaping and greenery enhancements.
New picnic areas, benches, and trash receptacles.
Enhanced walking paths and trails.
Installation of eco-friendly amenities.
Community engagement reports and feedback summaries.
High-Level Requirements:
1. The renovation of the city park must meet all technical construction requirements for the
Province of Ontario and follow all health and safety requirements for the province.
Project Objectives
1.Renovation of existing playgrounds, including
installation of new equipment and safety
surfaces.
2.Upgrading Park lighting for improved safety
during evening hours.
3.Landscaping improvements, including planting
native trees and shrubs.
Page |1
Due Date
7/30/2024
6/30/2024
9/30/2024
4.Installation of picnic areas, benches, and trash
receptacles.
5.Improvement of walking paths and trails.
6.Addition of eco-friendly amenities such as rain
gardens and recycling stations.
7.Community engagement activities, including
surveys and public meetings.
10/25/2024
7/26/2024
9/27/2024
3/30/2024
Preapproved Financial Resources:
This project has pre-approved funding of CAD 500,00.00
Project Exit Criteria:
The project must be completed to the satisfaction of the customer, must meet quality
expectations. It must also pass all required inspections by various levels of the Canadian
government and City of Greater Sudbury Agencies.
Page |2
COST MANAGEMENT PLAN
Project Title: City Park Renovation
Units of Measure:
Canadian Dollars
Date Prepared: 9/27/2023
Level of Precision:
Nearest whole Dollar
Level of Accuracy:
+/- 5%
Organizational Procedure Links:
The cost management procedures for this project will follow the guidelines outlined in the
“City Park Renovation Project Management Plan” dated 9/1/2023.
Control Thresholds:
•
•
Cost Overrun Threshold: Any cost overrun exceeding 5% of the approved budget
will trigger an immediate review and approval process.
Change Order Threshold: Any proposed change orders with a cost impact
exceeding $10,000 will require approval from the Project Sponsor.
Rules of Performance Measurement:
•
•
Cost Performance Measurement: Cost performance will be measured using
Earned Value Analysis (EVA), comparing planned vs. actual costs, and analyzing the
Cost Performance Index (CPI) regularly.
Key Performance Indicators (KPIs): KPIs will include CPI, Cost Variance (CV), and
Estimate at Completion (EAC).
Cost Reporting and Format:
•
•
•
•
Page |3
Cost Data Collection: Costs will be tracked and collected through project
accounting software and verified through invoices and receipts.
Reporting Frequency: Monthly cost reports will be generated and distributed to
the Project Manager and stakeholders.
Cost Reports Format: Reports will include a summary of actual vs. budgeted costs,
cost breakdown by category (labor, materials, equipment, etc.), and a narrative
explaining any significant cost variances.
Stakeholder Communication: Any significant cost variances exceeding 10% will be
communicated to stakeholders within one week of identification.
Additional Details:
•
•
•
•
Page |4
Cost Estimation Methodology: Cost estimates are based on historical data from
similar park renovation projects, adjusted for inflation. Any changes to estimates
will be documented and communicated to stakeholders.
Procurement Strategy: We will follow a competitive bidding process for major
contracts and procure materials from approved suppliers to ensure costeffectiveness.
Contingency Plan: A 10% contingency budget has been allocated to cover
unforeseen expenses. Any withdrawals from the contingency budget will require
approval from the Project Sponsor.
Cost Tracking Responsibility: The Project Accountant will be responsible for
tracking costs, and the Project Manager will oversee cost management.
ASSUMPTION LOG
Project Title: City Park Renovation
Date Prepared: 9/27/2023
ID
Category
Assumption/Constraint
001
Project Scope
We assume that the
project scope and
requirements are
accurately defined.
Project
Manager
3/5/2024
002
Resource
Availability
We assume that
adequate skilled
labour and equipment
will be available.
Project
Manager/
Contractor
3/13/2024
003
Budget
We assume that the
approved project
budget (C$500,000) is
sufficient for
procurement.
Project
Manager
4/9/2024
Page |5
Responsible
Party
Due Date
Actions
Status
Comments
Get the scope
baselined
Open
Identify the
required skilled
labour resources
and equipment
suppliers for the
project.
Keep
monitoring and
controlling the
budget.
Open
Reviewed the
scope baseline
with the
project
stakeholders
and got their
approval.
The initial
assessment of
resource
availability is
underway.
Open
The cost
management
plan is
finalized.
Budget review
will be initiated
on the go
according to
the cost
management
plan.
004
Legal
We assume that all
Requirements necessary permits and
approvals will be
obtained.
Project
Manager/
Contractor
2/29/2024
1. Compile a
Open
list of all
required
permits and
approvals for
the project.
2. Reach out to
the
respective
parties to
obtain the
permits.
005
Page |6
Supplier
Selection
We assume that
suitable suppliers for
pylons, erosion
barriers, and decking
are available.
Project
Manager/
Contractor
4/17/2024
1. Conduct
thorough
market
research to
identify
potential
suppliers in
the region or
industry
specializing
in pylons,
Open
Legal
requirements
are listed and
planning to
contact the
authorities
such as the
local
government,
Maritime
Authority,
Environmental
Protection
Agency,
Building and
Construction
Authority and
Building and
Construction
Authority
Initial research
has identified
several
potential
suppliers in the
region.
However,
responses to
the Request for
Information
(RFI) are yet to
erosion
barriers, and
decking
materials.
be received
from multiple
suppliers.
2. Send out
RFIs to the
identified
suppliers to
gather
detailed
information
about their
products,
services,
pricing, lead
times, and
capacity.
3. Issue RFQs or
RFPs to a
selected list
of suppliers
that meet
the
qualification
criteria.
006
Page |7
Weather
Conditions
We assume that the
weather conditions
Project
Manager/
Contractor
10/31/2024
1. Conduct a
detailed
weather risk
Open
A
comprehensive
weather risk
will be favourable for
the construction.
assessment
to identify
potential
weather
related risks
and their
impacts on
construction
activities.
2. Develop a
flexible
construction
schedule
that allows
for
adjustments
based on
weather
forecasts.
3. Develop a
flexible
construction
schedule
that allows
for
adjustments
based on
weather
forecasts.
Page |8
assessment has
been
conducted,
identifying
potential risks
and mitigation
strategies.
Also, A flexible
construction
schedule has
been
developed,
allowing for
adjustments
based on
weather
forecasts.
Furthermore,
Contingency
plans have
been drafted,
outlining
specific actions
to be taken in
response to
adverse
weather
conditions.
008
Safety
Regulations
We assume that all
Project
safety regulations and Manager/
protocols will be
Contractor
followed to ensure the
safety of the beach
walkers as same as the
labour.
11/4/2023
1. Ensure that
Open
all project
stakeholders,
including
labour and
contractors,
are familiar
with local
and national
safety
regulations
and
standards.
2. Conduct
safety
training and
orientation
sessions for
all project
personnel,
emphasizing
the
importance
of adhering
to safety
regulations.
Page |9
Comprehensive
safety
protocols and
procedures
development is
in progress.
Project Charter
City Park Renovation Project
Project Overview
Project Name: City Park Renovation Project
Project ID: CPRP-2023
Project Sponsor: [JOHN SMITH]
Project Manager: [AMANDEEP SINGH]
Project Start Date: [1 OCT 2023]
Project End Date: [26 DEC 2023]
Project Objectives
1. Enhance Park Facilities: Improve and upgrade the existing park facilities to provide a safer and more enjoyable experience for park
visitors.
2. Environmental Sustainability: Integrate eco-friendly design and materials to reduce the park’s environmental footprint.
3. Community Engagement: Foster community involvement in the planning and design phases of the project to ensure the park meets the
needs and desires of local residents.
4. Budget Adherence: Complete the renovation within the allocated budget and timeline.
5. Compliance: Ensure all renovations meet local regulations, safety standards, and accessibility guidelines.
P a g e | 10
Project Scope
In Scope
1. Renovation of existing playgrounds, including installation of new equipment and safety surfaces.
2. Upgrading park lighting for improved safety during evening hours.
3. Landscaping improvements, including planting native trees and shrubs.
4. Installation of picnic areas, benches, and trash receptacles.
5. Improvement of walking paths and trails.
6. Addition of eco-friendly amenities such as rain gardens and recycling stations.
7. Community engagement activities, including surveys and public meetings.
Out of Scope
1. Construction of new buildings or structures.
2. Extensive excavation or ground disturbance.
3. Major changes to the park layout or design that significantly alter the park’s character.
P a g e | 11
Project Stakeholders
1. Project Sponsor: [JOHN SMITH]
2. Project Manager: [AMANDEEP SINGH]
3. City Council Representatives: [JASON]
4. Park Visitors: Local residents, families, and community members.
5. Environmental Agencies: [SUDBURY ECO]
6. Local Businesses: [CONSTRUCTION COMPANY]
7. Contractors and Suppliers: [WILSON]
Project Deliverables
1. Detailed Park renovation plans and designs.
2. Upgraded playground equipment and safety surfaces.
3. Improved Park lighting.
4. Landscaping and greenery enhancements.
5. New picnic areas, benches, and trash receptacles.
6. Enhanced walking paths and trails.
7. Installation of eco-friendly amenities.
8. Community engagement reports and feedback summaries.
P a g e | 12
Project Milestones
1. Project Initiation: [1 OCT – 15 OCT]
2. Design and Planning Phase: [16 OCT – 25 OCT]
3. Community Engagement: [27OCT – 1 NOV]
4. Construction Phase: [2 NOV-29 NOV]
5. Quality Assurance and Testing: 1 DEC – 10 DEC]
6. Project Closure: [12 DEC -16 DEC ]
Project Constraints
1. Budget: The project budget is set at [Insert Budget Amount] and must not be exceeded.
2. Timeline: The project must be completed by [Insert End Date].
3. Regulatory Compliance: All renovations must adhere to local building codes, safety standards, and environmental regulations.
4. Weather: Weather conditions may impact construction schedules and outdoor work.
5. Community Feedback: The project must incorporate input from park visitors, which may lead to scope adjustments.
Assumptions
1. Funding for the project will be secured as planned.
2. Environmental assessments will not reveal any significant obstacles.
3. Community engagement efforts will result in constructive feedback.
4. Contractors and suppliers will perform their work satisfactorily.
5. The project team will effectively manage and communicate project progress.
P a g e | 13
Risks
1. Unforeseen weather events could delay construction.
2. Budget constraints may require scope reductions.
3. Community disagreements could impact project progress.
4. Supply chain disruptions may affect the availability of materials.
5. Regulatory changes could impact project compliance.
Project Approval
This City Park Renovation Project Charter is hereby approved and accepted by the undersigned parties.
Project Sponsor: [JOHN SMITH]
Project Manager: [AMANDEEP SINGH]
City Council Representatives: [TOM DAVIS]
Date: [1 SEP2023]
P a g e | 14
REFERENCES
1. OpenAI. “Project Cost Management Chat with GPT-3.5.” OpenAI Chatbot, September 28, 2023. Cost Management Plan
(openai.com).
2. (2017). A guide to the project management body of knowledge (PMBOK guide) / Project Management Institute. Other titles:
PMBOK guide (6th ed., pp. 231-238). Project Management Institute.
P a g e | 15
Assignment 3
PRM1003 – Project Cost Management
Group Number: 8
Group Name: Pros
Amandeep Singh –
Lovepreet Singh –
Richard Andrew Appiah –
Submitted to: Kevin Bryanton
Submitted on: September 16, 2023
Table of Contents
Define Activities …………………………………………………………………………………………………………………….. 3
Work Breakdown Structure……………………………………………………………………………………………………… 4
DURATION ESTIMATES ……………………………………………………………………………………………………………. 5
DURATION ESTIMATING WORKSHEET ……………………………………………………………………………………….. 6
ACTIVITY COST ESTIMATES ………………………………………………………………………………………………………. 8
COST ESTIMATING WORKSHEET……………………………………………………………………………………………… 10
BOTTOM-UP ESTIMATING WORKSHEET…………………………………………………………………………………… 11
Assumption log ……………………………………………………………………………………………………………………. 12
COST BASELINE …………………………………………………………………………………………………………………….. 13
COST BASELINE GRAPH …………………………………………………………………………………………………………. 14
FUNDING REQUIREMENTS …………………………………………………………………………………………………….. 15
COST BASELINE WITH FUNDING REQUIREMENTS GRAPH ………………………………………………………….. 16
REFERENCES ………………………………………………………………………………………………………………………… 16
Define Activities
Project: City Park Renovation
1. Project Initiation
1.1. Project Charter Development
1.2. Stakeholder Identification and Analysis
1.3. Project Approval
2. Planning
2.1. Project Management Plan Development
2.2. Budget and Cost Management Plan Development
2.3. Scope Definition and Requirements Gathering
2.4. Detailed Park Renovation Planning and Designing
3. Execution
3.1. Playground Renovation
3.1.1. Installation of New Equipment and Safety Surfaces
3.2. Park Lighting Upgrade
3.3. Landscaping Improvements
3.3.1. Planting Native Trees and Shrubs
3.4. Installation of Picnic Areas, Benches, and Trash Receptacles
3.5. Walking Paths and Trails Improvement
3.6. Addition of Eco-friendly Amenities
3.6.1. Rain Gardens and Recycling Stations
3.7. Community Engagement Activities
3.7.1. Surveys and Public Meetings
3.8. Quality Control and Inspection
3.9. Cost Management
3.9.1. Cost Data Collection
3.9.2. Cost Reporting and Communication
4. Closure
4.1.1. Final Inspection and Acceptance
4.1.2. Project Completion Report
4.1.3. Handover to the Greater Sudbury City Council
5. Contingency Planning
5.1.1. Allocation and Management of Contingency Budget
Work Breakdown Structure
Project Title: City Park Renovation
Date: 11-10-2023
0
City Park Renovation
1
2
3
4
5
Project Initiation
Planning
Execution
Closure
Contingency Planning
1.1
2.1
3.1
4.1
Project Charter
Development
Project Management
Plan Development
Playground
Renovation
Final Inspection and
Acceptance
1.2
2.2
Stakeholder
Identification and
Analysis
Budget and Cost
Management Plan
Development
1.3
Scope Definition and
Requirements
Gathering
2.23
Project Approval
3.2
Park Lighting Upgrade
3.3
Landscaping
Improvements
2.4
I3.4
Detailed Park
Renovation Planning
and Designing
istallation of Picnic
Areas, Benches, and
Trash Receptacles
3.5
Walking Paths and
Trails Improvement
3.6
Addition of Ecofriendly Amenities
3.7
Community
Engagement Activities
3.8
Quality Control and
Inspection
3.9
Cost Mana3.gement
4.2
Project Completion
Report
4.3
Handover to the
Greater Sudbury City
Council
5.1
Allocation and
Management of
Contingency Budget
DURATION ESTIMATES
Project Title: City Park Renovation
WBS ID
Activity Description
1.1
Project Charter Development
1.2
Stakeholder Identification and
Analysis
1.3
Project Approval
2.1
Project Management Plan
Development
2.2
Budget and Cost Management Plan
Development
2.3
Scope Definition and Requirements
Gathering
2.4
Detailed Park Renovation Planning
and Designing
3.1.1
Installation of New Equipment and
Safety Surfaces
Date Prepared: 11-10-2023
Effort Hours
Duration
Estimate
32
4 day
16
2 day
8
1 day
24
3 day
16
2 day
16
2 day
32
4 day
184
23 day
3.2
Park Lighting Upgrade
144
18 day
3.3.1
Planting Native Trees and Shrubs
104
13 day
3.4
Installation of Picnic Areas,
144
18 day
120
15 day
112
14 day
Benches, and Trash Receptacles
3.5
Walking Paths and Trails
Improvement
3.6.1
Rain Gardens and Recycling
Stations
3.7.1
Surveys and Public Meetings
48
6 day
3.8
Quality Control and Inspection
24
3 day
3.9.1
Cost Data Collection
16
2 day
3.9.2
Cost Reporting and Communication
8
1 day
4.1.1
Final Inspection
16
2 day
DURATION ESTIMATING WORKSHEET
Project Title: City Park Renovation
Date Prepared: 11-10-2023
Parametric Estimates
Resource
% Available
Performance
Duration
Factor
Estimate
WBS ID
Effort Hours
3.1.1
184
6
100%
1.0
30.66
3.2
144
4
80%
1.1
40.90
3.3.1
104
5
80%
1.0
26
3.4
144
