Capstone 8 | Operations Management homework help
The goal of the Capstone Project is to develop a project plan to successfully execute a project.
In this option, you will develop, compile, and write important project documents for a service type project with an international component in a company or non-profit organization that you have selected. You must clearly detail the international component of your selected project. It may be that the project is executed in a country other than the United States, or that the supplier is hired from a company headquartered outside the United States. The company or organization can be one that you work for, one with which you are familiar, or one you find through research. The project must be a real project, not yet started, for delivery of a service. Service projects may include IT software development, healthcare delivery, or fundraising, among many others. The project must be a new project that you will plan and must not be an existing project within the organization, nor one you have used in any previous courses in the program. Your instructor will use Turnitin to ensure all work is unique for this section of this course. You must select a project that is complex enough to allow you to demonstrate an understanding of the learning objectives for this course, and that allows you to deliver on all the project management components required in this Capstone Project.
The following components must be addressed in your project management plan and must be broken into the following five sections and the associated subsections that follow the project management process groups: Project Initiation; Project Planning; Project Execution, Project Monitoring and Control; and Project Closure. The requirements for each section are as follows:
please see attached paper to work off of
Project Planning—It is strongly suggested that you consult Chapters 5.1-5.4, 6.1-6.6, 7.1-7.3, 8.1, 9.1, 10.1, 11.1-11.5, 12.1, and 13.2 from the PMBOK ® Guide for further detail on the deliverables for this section of your Capstone Project. To finalize your work in order to deliver the requirements for this portion of your Capstone Project, you must include the following subsections:
- Project management plan—including project baselines for scope, schedule, and cost; subsidiary plans for scope management; requirements management; schedule management; cost management; quality management; process improvement management; human resource management; communications management; risk management; procurement management; stakeholder management; other items such as description of how the work will be performed; change management plan; and information on how key management reviews will be conducted.
- Tools and techniques—including interviews, focus groups, decision-making, prototypes, benchmarking, or other tools and techniques.
- Traceability matrix—including information on project requirements, rationale for inclusion, source, priority, and status.
- Project scope statement—including scope description, acceptance criteria, deliverable, exclusions, constraints, or assumptions.
- Create WBS—including information on decomposition, and WBS to five levels as shown in the video example in Module 4.
- Rules for cost and performance management—including a discussion of earned value measurement (EVM) techniques.
- Activity list, attributes, and milestone list.
- Precedence diagramming method (PDM), dependency determination, task duration, leads and lags, and critical path method (CPM).
- Project schedule network diagram with critical path, ES, LS, EF, LF, and slack.
- Resource requirements—including resource calendar, resource breakdown structure, resource constraints, and resource leveling.
- Estimates of activity duration—including analogous estimating, parametric estimating, or three-point estimating, and reserve analysis.
- Cost estimates—including basis of estimates, vendor bid analysis, cost benefit analysis, and cost of quality.
- Budget—including cost baseline, management reserve, control accounts, contingency reserve, activity contingency reserve, and project funding requirements.
- Quality—including seven basic quality tools, statistical sampling, process improvement plan, quality metrics, and quality checklists.
- Human resource management—including organizational charts and position descriptions, responsibility chart matrix, RACI matrix, networking requirements, and pertinent organizational theory.
- Communications management—including communication requirements analysis, communication technology, and communication models and methods.
- Risk management—the analytical techniques used including: risk breakdown structure; risk categories, probability, and impact matrix; risk categorization and urgency assessment; risk register with the list of risks and potential responses; use of quantitative risk modeling through tornado diagram, decision tree diagram, or cost risk simulation results; and strategies for negative and positive risks.
- Procurement management—including make-or-buy analysis, market research, and source selection documents.
- Stakeholder management—including desired engagement levels for key stakeholders, and an engagement assessment matrix.
Project Execution—It is strongly suggested that you consult Chapters 4.3, 8.2, 9.2-9.4, 10.2, 12.2, and 13.3 from the PMBOK ® Guidefor further detail on the deliverables for this section of your Capstone Project. To finalize your work in order to deliver the requirements for this portion of your Capstone Project, you must include the following subsections:
- Change requests—including formal process to assess changes.
- Quality audit—including formal process to evaluate quality.
- Project team acquisition, development, and management—including expectations for the team relative to availability, cost, experience, and ability; whether virtual or collocated; training; team building; recognition and rewards; personnel assessment; and team performance assessment.
- Process documents updates—including project reports, presentations, and records; stakeholder notifications; and documentation of lessons learned.
- Procurement—including bidder conferences, proposal evaluation, advertising, seller selection, and agreements.
- Stakeholder engagement—including issue log and organizational process assets update.
Monitoring and Controlling—It is strongly suggested that you consult Chapters 4.4-4.5, 5.5, 6.7, 7.4, 8.3, 10.3, 11.6, 12.3, and 13.4 from the PMBOK ® Guide for further detail on the deliverables for this section of your Capstone Project. To finalize your work in order to deliver the requirements for this portion of your Capstone Project, you must include the following subsections:
- Change requests—including corrective action, preventive action, and defect repair.
- Change control board—including their role in the change control system.
- Validate scope—including methods of accepting deliverables, group decision-making, work performance information, and inspection.
- Schedule forecasts—including purpose and measurement at this stage of the project.
- Earned value management—including three key dimensions for each work package.
- Assets update—including completed checklists and report formats.
- Control risks—including risk reassessments.
- Control procurements—including contract change control, payment systems, and claims administration.
Project Closure and Professional Responsibilities—It is strongly suggested that you consult Chapters 4.6 and 12.4 from the PMBOK ® Guide for further detail on the deliverables for this section of your Capstone Project. To finalize your work in order to deliver the requirements for this portion of your Capstone Project, you must include the following subsections:
- Close phase or project—including final product, service, or result transition.
- Procurement audits—including closing procurements and organizational process assets updates.
- Project management ethics—including PMI expectations.
- International project considerations—including the use of human resources from outside the United States, or executing the project outside the United States.
The project plan must include a 12-15 page essay addressing each of the required components of the paper. You must also include a cover page, references page, and appendices, not included in the page count. The appendices must detail any documents necessary to communicate your plan which may include, but are not limited to, a WBS, project budget, documentation on assignment of resources, and budget calculations. Your project must be well written, properly referenced, and in conformity with CSU-Global Guide lines for APA Style. The paper must be supported by at least eight quality sources, of which three must be current, scholarly resources. For this assignment, current, scholarly sources are peer-reviewed journal articles published within the most recent three years and accessed from the library databases or other academic sources. Textbooks will not count toward peer-reviewed requirements, but may be used as quality sources if published within the most recent three years. The use of the PMBOK ® Guideas a quality source is strongly suggested. The PMBOK ® Guide is not a scholarly resource.
Refer to the Capstone Project rubric available in the Module 8 folder for more information on assignment expectations and grading