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the analysis onhow project times and costs are estimated

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New Venture Creation Assignment
Larson, E & Gray, C 2014, Project management: the managerial process, 6th edn, McGraw-Hill Irwin (ISBN: 9780078096594)
The 5th fifth edition of this book (ISBN: 9780071289290 or 9780077426927) may be used if the most recent edition cannot be obtained. Nevertheless, students should be cautioned that, generally speaking, using an old edition may make them dependent on out-of-date ideas and make them miss new concepts or contemporary issues.

Above text book must be used and referenced.
Pls reference at least three of the other journal articles from below listed required reading.

Main concepts used must be from the above text book.

Assignment
Your task is to analyse an actual project. You can choose one of two options for your assignment task:
Option 1. Propose a new project. This could be a potential new project that you or your organisation have in mind.

Option 2. Appraise an existing or past project. This could be any one of these:

• appraisal of an activity you believe would be improved by managing as a project; or

• appraisal of an existing work project you are currently involved with; or

• appraisal of an activity you were involved with in the past that you believe could have been (better) managed as a project.

Then, write a report about your project. Your report should include:
• a brief description of the organisational setting and the project environment to ensure the reader understands the context in which the project is set.

• an outline of the objectives of the project and the importance of the project to the organisation.

• a detailed overview and analysis of the use of relevant project management concepts, tools and techniques demonstrating knowledge and understanding of project management as covered in the subject. This section should comprise the main part of your assignment.

The analysis should cover the following as a minimum:
• how the project should be defined
• how project times and costs are estimated
• a discussion of the project plan
• the management of project risk
• resource scheduling
• project team issues
• project performance management.

All of the concepts in the list above should be addressed, but some of them may be more important for your particular project than others. Feel free to focus your analysis more heavily on the issues that particularly impact your project. Demonstrate understanding of the principles of project human resource management, communication and team management.
• Construct project scheduling networks and present these using relevant project graphics.
• Identify a project’s risk factors and apply appropriate project risk management concepts and tools to address risk.
• Apply contemporary project management concepts.
• Utilise principles of project cost estimating, cost analysis and control in actual projects.

• Proper referencing using the Harvard style.
• Reference lists normally contain the following number of relevant references from different sources: 10 -12
• Structure, presentation – 12 point Calibri
 Introduction
 2.
 3.
 4.… etc
 Conclusion
 Recommendations (where relevant)
 Reference List
 Appendices
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