Using the process that you developed in Group Project 1.  Build out a project using your new methodology.

The Project

Using your new methodology, SCC would like you to complete the following project:

Scope: The scope of the project consists of 9 applications

Below is key information necessary to complete your project

If you choose to leverage IRR, NPV, PBP, or PV you will use the information below:

  

Initial Development Cost (YR   0) 

Year 1 Income

Year 2 Income

Year 3 Income

Year 4 Income

Year 5 Income

 

Application 1

$                        100,000.00

$                 25,000.00

$             28,750.00

$        34,500.00

$        36,225.00

$        36,587.25

 

Application 2

$                        125,000.00

$                 30,000.00

$             36,000.00

$        39,600.00

$        40,392.00

$        41,199.84

 

Application 3

$                        150,000.00

$                 15,000.00

$             18,300.00

$        19,215.00

$        20,752.20

$        21,789.81

 

Application 4

$                          75,000.00

$                 15,000.00

$             19,500.00

$        20,865.00

$        22,116.90

$        23,222.75

 

Application 5

$                        135,000.00

$                 50,000.00

$             55,000.00

$        56,100.00

$        61,710.00

$        65,412.60

 

Application 6

$                        210,000.00

$                 62,000.00

$             71,300.00

$        72,013.00

$        72,733.13

$        75,642.46

 

Application 7

$                        175,000.00

$                 85,000.00

$           106,250.00

$    111,562.50

$    117,140.63

$    119,483.44

 

Application 8

$                        175,000.00

$                 60,000.00

$             73,200.00

$        74,664.00

$        80,637.12

$        83,056.23

 

Application 9

$                        130,000.00

$                 75,000.00

$             99,000.00

$    101,970.00

$    108,088.20

$    110,249.96

Given the critical nature of the project, the company has developed a high-level budget and potential income for each application. 

• Year 0 is the      projected cost the company has estimated for the build of the      component.  This includes a 15% overhead cost for project management      work
• Year 1-Year 5 is the      amount of revenue the company has estimated for the product
• The Acceptable      Rate of Return for all projects with the company is 10%

If you choose to use Dot Matrix Voting or Monopoly Money, you will use the following information

  

Total Dots

Monopoly Money

 

Application 1

29

$                   4,487.00

 

Application 2

19

$                   5,797.00

 

Application 3

23

$                   3,280.00

 

Application 4

21

$                   3,942.00

 

Application 5

18

$                   4,792.00

 

Application 6

29

$                   4,659.00

 

Application 7

12

$                   4,579.00

 

Application 8

17

$                   2,071.00

 

Application 9

9

$                   3,177.00

Team Available – The company has identified the following individuals who will be available to support the application development.  Each individual can work on a single application.  

  

Application   Developer 1

$70.00   per hour

 

Application   Developer 2

$65.00   per hour

 

Application Developer 3

$50.00   per hour

 

Application   Developer 4

$65.00   per hour

 

1   Contractor (Application Developer)

$130.00   per hour

Manage a project

• Describe the process      that your team will use to elicit and decompose the requirements for the      project
• Develop a Project      Overview Statement document for the project
• Create a WBS for the      project.  Remember your WBS is a deliverable base, so there should be      a section of your WBS that outlines our project management deliverables

   

• Determine an updated      budget
• Using the following      information develop a Gantt chart

  

Information in Months

 

Optimistic Estimate

Pessimistic Estimate

Most Likely Estimate

 

Application 1

11

13

12

 

Application 2

9

11

10

 

Application 3

12

14

13

 

Application 4

8

10

9

 

Application 5

13

16

14

 

Application 6

9

11

10

 

Application 7

8

10

9

 

Application 8

16

19

18

 

Application 9

15

18

17

• Describe 2 strategies      you can use to bring the project timeline to 12 months.
• Develop a team      agreement 
• Using your defined      prioritization process, prioritize each application.
• Identify at least      five stakeholders for your project and a communication strategy for each      individual. 
• Identify at least      five risks to include both threats and opportunities associated with the      project.  For each risk, please include the following information:

·  

• Impact
• Probability
• Description of the       risk
• Mitigation Strategy
• Describe the process      your team can use to determine if the projects are making the appropriate      revenue. 

Assignment Requirements:

There is no narrative paper required for this project, however, a “narrative PowerPoint slide” should be submitted, which should include an audio presentation by all the team members.

The PowerPoint slide should be submitted as a group to be graded. (Hint: each team member can record their piece of the presentation and the project manager can consolidate everything into one single file to be submitted. The entire audio presentation should not be more than 30 minutes, and should not be more than 25 slides.)

The slide deck should include the following:

1. Overview of the      Project Management Process
2. A pictorial review of      how requirements will be elicited and decomposed
3. Project Overview      Statement 
4. WBS for the project
5. Project Budget
6. Gantt Chart
7. Team Agreement
8. Overview of the      prioritization process and prioritization process
9. Stakeholders
10. Risks
11. Overview of the process      used to ensure appropriate revenue