Time Phased Budget
The table below shows a time-phased budget allocation at a Cumulative Cost of $ 20,000.
Ensuring the Test environment is setup up and the process of development is not hindered due to lack of resources can save costs. Making sure that tests are executed promptly and according to procedure will reduce the time consultants spend waiting for feedback and will result in cost saving.
Project Risks
Major Project Risk:
Constant and last minute changes requested by Management will delay the Planning and Execution phases of the Project.
Risk Probability is high and will have impact on the overall performance of the project.
Risk Management Plan:
The maximum number of change requests that will be entertained will be communicated at the beginning of the project and a Change management plan and process will be initiated where every change would be documented and agreed to by the Director, who is also the Project Customer, Project Manager and the Development Consultants.
Additional man-hours and overtime have been factored into the Execution phase of the project to accommodate change requests. A Change process will ensure that requests are documented, approved and not unreasonable. The process will also ensure that impact on project schedule, priorities and goals is not impacted.
Minor Risks:
Survey forms sent out to all staff may not be received on time. It may not be possible to complete all requested changes in time for Commercial Website launch. These tasks can be deferred to post launch maintenance.
References:
Chapman, J. (1997). Project integration management. Retrieved Aug. 20, 2005, from Infinite Spiritual Discovery Web site: .
Discussion of direct and indirect costs. (n.d.). Retrieved Aug. 20, 2005, from Stanford University Web site: .
Gido, J., & Clements, J. (2003). Successful project management. 2nd ed. Mason, OH: South Western.
Project cost management. (n.d.). Retrieved Aug. 20, 2005, from maxWideman.com Web site: .
