Module 7

Information from Course Outline
Module 7, Closes Monday, March 9th
PROJECT BUDGETING AND COST AND RISK ESTIMATION. Read Chapter 7. Prepare written responses to Material Review Questions 2 and 9, Class Discussion Questions 11, 15 and 17, Problem 6, and the Preferred Sensor Company incident. Group Project 2 due on Monday, March 9.

This chapter looks at one of the major considerations in project management costs. Various methods of budgeting are described and their appropriateness for projects are noted. Then the subject of cost estimation is discussed and some useful guidelines are proposed.

Learning Modules
Submodule 7A Budgeting and Cost Estimation
Submodule 7B Closure
Submodule 7C Spring 2006 Closure
Submodule 7D Spring 2010 Closure
Project 3 Group Project 3, due March 30

There are 17 points for this module's homework. a.) 5 points for the auto-quiz you access through Blackboard, b.) 5 points for the individual homework via e-mail, c.) 5 points for the group homework, and d.) 2 points for the message to the instructor. All are described more below.

a.) Quiz
A copy of the quiz is found here.

b.) Individual Homework.
Write answers for Material Review Question 2 and 9, Class Discussion Questions 11, 15, and 17, and Problem 6. Combine them with the message to the instructor (see below). Send them via e-mail. I will grade these and send them back via e-mail.

c.) Group Homework
We will use the Group Discussion to discuss Preferred Sensor Company. The forum was started: Module07 Preferred. On the forum you must name of the "Project Manager" (PM) for that forum. You may work as a team in any way that you like, but the PM for that forum is responsible for gathering the final answers and presenting them. (The procedure is the same as other weeks, but there is only one forum.)

d.) Message to the Instructor
Use e-mail to send the instructor a message. Write a message to the instructor in Word. The message should include the answers to two questions: 1) What was the most useful or meaningful thing you learned from this module, and 2) what was the "muddiest" (least clear) item in the module. Some extra credit for pointing out any typo's or glitches in the material. See the info in 1A about naming the file.