Company Overview:
Company A has hired your team because you are experts in defining a process and delivering projects on time. Company A has only been in business for ten years, and they have experienced a large turnover in the project management area;which has prompted senior leadership to investigate.
Senior leadership has determined that Project Managers are frustrated with the amount of required documentation, which has impacted their ability to successfully manage projects. In addition, project budgets are coming in over budget, and projects are being delivered late, also resulting in PMs’ inability to meet performance guidelines.
A recent review of the current process has determined that Company A has spent between 30-40% of its total project budget on projects’ overhead costs to include project management costs, which are typically between 20-25%. Project Management overhead includes the PM’s time to manage the project, attend meetings, and develop the required documentation.
Company A has hired your team to create a new project management process to meet the strategic goals and ensure the project meets the financial objectives.
Goals of the new process
The company must have a view into total life cycle project costs to include what has been spent to date, baseline budget, any changes to the budget, remaining budget, and cost of the project at completion
The company must have a view into the project activities to include what has been completed, what is remaining
The company must have a view into project status issues, risks, any changes to dates
Project Description
Company A has been hired to develop an algorithm(s) to combat fake news on the internet . The contract developed by the company has identified multiple popular platforms that the algorithm must work on to include:
Facex
Tickbox
Application X
Application Y
Application Z
Part 2. Use your methodology to define the project
Document project scope
Create a WBS for the project. Remember your WBS is a deliverable base, so there should be a section of your WBS which outlines our project management deliverables
Determine the prioritization of the work using the following key pieces of data included in the attached spreadsheet
