Scenario: You are the project manager responsible for a new building construction in northern...

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Scenario: You are the project manager responsible for a new building construction in northern Virginia. The building is worth $500,000 and will have five bedrooms, a kitchen, landscaping, and a two-car garage to be completed in two years. This was agreed upon in a firm fixed contract. During the execution (construction) of the building, you realize that the cost of materials have gone up by 10%, and your schedule is behind by 90 days due to delays from county inspections and permit processes. You also notice that if you continue with the current cost rate and schedule rate that the total cost to complete this house would be $600,000 and delivered three months late.

Submit a three-page report explaining the reasons for these variances from your original project management plan and the proposed steps on how you are going to control the cost and schedule to achieve the contract threshold of $500,000 to be delivered in two years. Your plan must include the following:

Address identifications of impacted activities with their cost and schedule attributes, remembering to account for contingencies.
Address explanations of the roles your project management team will play during the execution of your project management plan and how they will help you to control the issues that are arising during the project.
At the end of your essay, add a separate section entitled, “Reflections on My Learning.” In this stand-alone section, summarize what you have learned in doing the research, reading the textbook, and reading the written lessons in regard to project management and how it impacted your decisions in this essay.

Refer to the execution and control process examples in the Handbook of project-based management: Leading Strategic change in organizations textbook, Chapter 17. Include at least one additional source to support your ideas, thoughts, and theories. Use APA format to document your sources in-text and in your “References” list at the end of the essay.

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Sarabjeet · Accepted Answer

Project Management Plan
Project Management Plan
Project Management Plan
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UNIVERSITY NAME:
STUDENT NAME:
UNIT CODE:
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Contents
Project Management Plan	2
Reasons for Variances:	2
Reflections on My Learning	5
References	5
Project Management Plan
Reasonsfor Variances:
The building plan shows that it is worth $500,000 and will have five bedrooms, a kitchen, a landscaping and a two-car garage. This is a fixed contract, which means that the contracted price is not subject to any adjustments in the cost experience of the contractor performing the contract. However, material costs increased by 10% during building construction. In addition, there were unexpected county inspections and delays in the license process, delaying the project schedule by 90 days.
Activities that are adversely affected by rising material prices include construction, insulation, moisture, door fixing, surface treatment and masonry. My project team is working hard to keep project costs at a budgeted amount by leveraging the expertise of the workers to reduce the use of expensive materials and reduce material waste. In addition, I am working hard to ensure that human resource costs do not increase. Specifically, I reduced my vacation to key personnel and arranged a vacation after the project was completed. 
When planning a project execution, some issues need to be resolved based on the time allotted and the availability of the required resources. In some cases, the project will be carried out in an unexpected manner, the cost will increase, and the time will be reduced compared to the planned time. These changes are caused by poor planning, which indicates what must be done and when. When supervising projects, you must please customers, management and projects designed to control political firepower.

Scenario: You are the project manager responsible for a new building construction in northern Virginia. The building is worth $500,000 and will have five bedrooms, a kitchen, landscaping, and a...

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