Your group of two is required to explain the theory behind a Project Report, and to develop a Project Report based on the scenario below. You must draw heavily on the theory contained in the textbook and the PMBoK.
You are expected to include all the relevant sections shown in the textbook, and model your tables on the relevant textbook exhibits.
There are two parts to your project:
1. The first section will discuss the theory behind each element of the project report. Using appropriately cited paraphrasing, you are expected to draw on the textbook description for each section. Please note that because there is such an emphasis on the textbook, all in-text citations MUST include the page numbers.
2. The second section of the assessment is your actual project report, based on the scenario below.
The project report must follow the following sections:
2.2. RACI Chart
2.3. Schedule 1 – Gantt
24. Schedule 2 – AoN
2.5. Resource overloads
2.7. Progress Reporting (Timelines)
2.8. Progress Reporting (EVM)
2.9. Risk Management
2.10. Change Management
2.11. Stakeholder identification & communication
2.12. Project Closure
You have inherited an old beachside cottage. You have visited the site and made an inspection. The house needs a great deal of repair work to make it liveable. You have itemised the most important things that need to be done and think it will take a team of workers about 2 weeks to complete.
You plan to use this house for vacations and as a rental property through Airbnb. In fact, some of your work colleagues have already expressed interest in renting it soon as the property is finished. You have obtained a loan from the bank of $20,000 – that believe that will give you enough money to buy the supplies and have a spending budget with help from a local contractor and two apprentices. You yourself have committed to working 80 hours over your vacation to fix up the house, but you are unskilled at carpentry. Your vacation of two weeks starts on Monday the 1st of June, and you prefer to be present when the contractor is on site. Assume you, the contractor and his apprentices’ all can work up to 8 hrs per day, 5 days per week.
You expect that within 2 years of renting the property you will have earned enough money to repay the bank loan.
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