Schedule and Budgeting Exercise for Project Scenario

Centralized Management

Centralized management is an organized structure where a few personnel make significant decisions in an organization; a few leaders cause decision-making power. The top management makes the decisions that are communicated to their subordinates for execution. Centralization refers to the progression by which operations entailing planning and making decisions in an entity are concentrated to specific personnel in a company. If an organization moves to a centralized organizational structure, they will have to show a chain of command in the overall management structure and reduce decision-making strategies to subordinates (Afsharian, Ahn & Harms, 2021). The top-level management will oversee making policies and decisions for the organization. Directors and experts will make significant decisions and will be based in the headquarters of the organization.

Tasks in a centralized organization system

The Chief Executive Officer, vice-president, president, and the board of directors form a component of the top-level management team. They are responsible for governing and administrating the organization as a whole. Moving an organizational structure to a centralized system involves employees make top-level decisions. These decisions affect the nature of the organization in the long term. Some of the tasks they will deal with include the development of the overall goals and strategic plans (Afsharian, Ahn & Harms, 2021). The activities entail many risks. They include technological decisions, capacity decisions, facilities decisions, and vertical integration. These activities are critical to the performance of any organization.

Budgeting

Budgeting is a severe constraint in project management and needs much decision-making. Various techniques for formulating a budget include cost aggregation, expert judgment, cost aggregation, historical relationships, and reconciliation of the funding limit. When making a budget, one needs to assess the financial capabilities followed by an examination of the expenses to see whether there is a need for making adjustments (Spoial?, 2018). The goals and objectives are set, and a plan is created. In this stage, the project manager will discover the number of resources required for the project.

Work Breakdown Structure

Project Lead: Installing a Server System Update in XYZ Ltd.

BUDGET

ACTUAL

Under(Over)

Start Date: 01/12/2021

Total

$ 40,480.00

$ 43,550.00

$ -3,070.00

Labor

Materials

Fixed

WBS

Task

Hrs

Rate

Units

$/Unit

Costs

Budget

Actual

Under(Over)

1

Project Initiation

0

$ –

0

$ –

$ 1,200.00

$ 1,200.00

$ 1,200.00

$ 1,100.00

$ 100.00

1.1

Project Evaluation

$ 800.00

$ 800.00

$ 800.00

$ 900.00

$ -100.00

1.2

Project certification

$ 400.00

$ 400.00

$ 400.00

$ 200.00

$ 200.00

2

Project Planning

0

$ –

0

$ –

$ 1,600.00

$ 1,600.00

$ 1,600.00

$ 1,850.00

$ -250.00

2.1

Developing Scope statement

$ 400.00

$ 400.00

$ 400.00

$ 500.00

$ -100.00

2.2

Assembling project Team

$ 400.00

$ 400.00

$ 400.00

$ 200.00

$ 200.00

2.3

Plan Scheduling

$ 450.00

$ 450.00

$ 450.00

$ 800.00

$ -350.00

2.4

Project Budgeting

$ 350.00

$ 350.00

$ 350.00

$ 350.00

$ –

3

Project Execution

304

$127.00

15

$630.00

$12,000.00

$28,430.00

$28,430.00

$28,000.00

$ 430.00

3.1

Lay Foundation

60

$ 7.00

0

$ –

$ 800.00

$ 1,220.00

$ 1,220.00

$ 1,500.00

$ -280.00

3.2

Purchase of Computer hardware and software

80

$ 10.00

15

$ 630.00

$ 3,000.00

$13,250.00

$13,250.00

$ 15,000.00

$ -1,750.00

3.3

Install an Operating System

42

$ 50.00

$ –

$ 5,000.00

$ 7,100.00

$ 7,100.00

$ 6,000.00

$ 1,100.00

3.4

Update Server systems

112

$ 30.00

0

$ –

$ 1,200.00

$ 4,560.00

$ 4,560.00

$ 4,000.00

$ 560.00

3.5

Install updates and restore access.

10

$ 30.00

$ 2,000.00

$ 2,300.00

$ 2,300.00

$ 1,500.00

$ 800.00

4

Project Control

60

75

0

$ –

$ 4,500.00

$ 6,000.00

$ 6,000.00

$ 9,500.00

$ -3,500.00

4.1

Resource Management

20

$ 25.00

$ 1,500.00

$ 2,000.00

$ 2,000.00

$ 2,500.00

$ -500.00

4.2

Computerized management.

20

$ 25.00

$ 1,500.00

$ 2,000.00

$ 2,000.00

$ 3,000.00

$ -1,000.00

4.3

Risk management

20

$ 25.00

$ 1,500.00

$ 2,000.00

$ 2,000.00

$ 4,000.00

$ -2,000.00

5

Project Close-out

45

$ 50.00

0

$ –

$ 1,900.00

$ 3,250.00

$ 3,250.00

$ 3,100.00

$ 150.00

5.1

Audit Assessment

30

$ 40.00

$ 1,000.00

$ 2,200.00

$ 2,200.00

$ 2,200.00

$ –

5.2

Cleanup of unwanted equipment

15

$ 10.00

$ 500.00

$ 650.00

$ 650.00

$ 700.00

$ -50.00

5.3

Handing over the documentation

$ 400.00

$ 400.00

$ 400.00

$ 200.00

$ 200.00

References

Afsharian, M., Ahn, H., & Harms, S. G. (2021). A Review of Approaches Applying a Common Set of Weights: The Perspective of Centralized Management. European Journal of Operational Research.

Spoial?, A. (2018). Concept delimitations of budget as efficient tool in the management structure of the enterpretise. In Universitas Europaea: spre o societate a cunoa?terii prin europenizare ?i globalizare (pp. 68-71).

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ScheduleandBudgetingExerciseforProjectScenariowithprofessornotes2.docx
Home>Human Resource Management homework help>Can You Help Me With Homework? Needed By Thursday 12/09/2021
Schedule and Budgeting Exercise for Project Scenario

Pamela Hines

Strayer University

Professor Lorna Thomas

10/27/2021

CENTRALIZED STRUCTURE 2

CENTRALIZED STRUCTURE 2

Notes from Professor: I would have loved to have seen more information on the actual tasks.

CENTRALIZED STRUCTURE

Centralized Management

Centralized management is an organized structure where a few personnel make significant decisions in an organization; a few leaders cause decision-making power. The top management makes the decisions that are communicated to their subordinates for execution. Centralization refers to the progression by which operations entailing planning and making decisions in an entity are concentrated to specific personnel in a company. If an organization moves to a centralized organizational structure, they will have to show a chain of command in the overall management structure and reduce decision-making strategies to subordinates (Afsharian, Ahn & Harms, 2021). The top-level management will oversee making policies and decisions for the organization. Directors and experts will make significant decisions and will be based in the headquarters of the organization.

Tasks in a centralized organization system

The Chief Executive Officer, vice-president, president, and the board of directors form a component of the top-level management team. They are responsible for governing and administrating the organization as a whole. Moving an organizational structure to a centralized system involves employees make top-level decisions. These decisions affect the nature of the organization in the long term. Some of the tasks they will deal with include the development of the overall goals and strategic plans (Afsharian, Ahn & Harms, 2021). The activities entail many risks. They include technological decisions, capacity decisions, facilities decisions, and vertical integration. These activities are critical to the performance of any organization.

Budgeting

Budgeting is a severe constraint in project management and needs much decision-making. Various techniques for formulating a budget include cost aggregation, expert judgment, cost aggregation, historical relationships, and reconciliation of the funding limit. When making a budget, one needs to assess the financial capabilities followed by an examination of the expenses to see whether there is a need for making adjustments (Spoial?, 2018). The goals and objectives are set, and a plan is created. In this stage, the project manager will discover the number of resources required for the project.

Work Breakdown Structure

Project Lead: Installing a Server System Update in XYZ Ltd.

BUDGET

ACTUAL

Under(Over)

Start Date: 01/12/2021

Total

$ 40,480.00

$ 43,550.00

$ -3,070.00

Labor

Materials

Fixed

WBS

Task

Hrs

Rate

Units

$/Unit

Costs

Budget

Actual

Under(Over)

1

Project Initiation

0

$ –

0

$ –

$ 1,200.00

$ 1,200.00

$ 1,200.00

$ 1,100.00

$ 100.00

1.1

Project Evaluation

$ 800.00

$ 800.00

$ 800.00

$ 900.00

$ -100.00

1.2

Project certification

$ 400.00

$ 400.00

$ 400.00

$ 200.00

$ 200.00

2

Project Planning

0

$ –

0

$ –

$ 1,600.00

$ 1,600.00

$ 1,600.00

$ 1,850.00

$ -250.00

2.1

Developing Scope statement

$ 400.00

$ 400.00

$ 400.00

$ 500.00

$ -100.00

2.2

Assembling project Team

$ 400.00

$ 400.00

$ 400.00

$ 200.00

$ 200.00

2.3

Plan Scheduling

$ 450.00

$ 450.00

$ 450.00

$ 800.00

$ -350.00

2.4

Project Budgeting

$ 350.00

$ 350.00

$ 350.00

$ 350.00

$ –

3

Project Execution

304

$127.00

15

$630.00

$12,000.00

$28,430.00

$28,430.00

$28,000.00

$ 430.00

3.1

Lay Foundation

60

$ 7.00

0

$ –

$ 800.00

$ 1,220.00

$ 1,220.00

$ 1,500.00

$ -280.00

3.2

Purchase of Computer hardware and software

80

$ 10.00

15

$ 630.00

$ 3,000.00

$13,250.00

$13,250.00

$ 15,000.00

$ -1,750.00

3.3

Install an Operating System

42

$ 50.00

$ –

$ 5,000.00

$ 7,100.00

$ 7,100.00

$ 6,000.00

$ 1,100.00

3.4

Update Server systems

112

$ 30.00

0

$ –

$ 1,200.00

$ 4,560.00

$ 4,560.00

$ 4,000.00

$ 560.00

3.5

Install updates and restore access.

10

$ 30.00

$ 2,000.00

$ 2,300.00

$ 2,300.00

$ 1,500.00

$ 800.00

4

Project Control

60

75

0

$ –

$ 4,500.00

$ 6,000.00

$ 6,000.00

$ 9,500.00

$ -3,500.00

4.1

Resource Management

20

$ 25.00

$ 1,500.00

$ 2,000.00

$ 2,000.00

$ 2,500.00

$ -500.00

4.2

Computerized management.

20

$ 25.00

$ 1,500.00

$ 2,000.00

$ 2,000.00

$ 3,000.00

$ -1,000.00

4.3

Risk management

20

$ 25.00

$ 1,500.00

$ 2,000.00

$ 2,000.00

$ 4,000.00

$ -2,000.00

5

Project Close-out

45

$ 50.00

0

$ –

$ 1,900.00

$ 3,250.00

$ 3,250.00

$ 3,100.00

$ 150.00

5.1

Audit Assessment

30

$ 40.00

$ 1,000.00

$ 2,200.00

$ 2,200.00

$ 2,200.00

$ –

5.2

Cleanup of unwanted equipment

15

$ 10.00

$ 500.00

$ 650.00

$ 650.00

$ 700.00

$ -50.00

5.3

Handing over the documentation

$ 400.00

$ 400.00

$ 400.00

$ 200.00

$ 200.00

References

Afsharian, M., Ahn, H., & Harms, S. G. (2021). A Review of Approaches Applying a Common Set of Weights: The Perspective of Centralized Management. European Journal of Operational Research.

Spoial?, A. (2018). Concept delimitations of budget as efficient tool in the management structure of the enterpretise. In Universitas Europaea: spre o societate a cunoa?terii prin europenizare ?i globalizare (pp. 68-71).

Applied Sciences
Architecture and Design
Biology
Business & Finance
Chemistry
Computer Science
Geography
Geology
Education
Engineering
English
Environmental science
Spanish
Government
History
Human Resource Management
Information Systems
Law
Literature
Mathematics
Nursing
Physics
Political Science
Psychology
Reading
Science
Social Science
Liberty University
New Hampshire University
Strayer University
University Of Phoenix
Walden University
Home
Homework Answers
Blog
Archive
Tags
Reviews
Contact
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