Essay Cost and Quality Management Plans – Management Assignment Help

Assignment Task

Part A: Cost and Quality Management Plans – You will use the given case study to complete this part individually or in a group of 2-3 students. You will begin developing the cost management planning components of your Cost Management Plan in Module 4. For this plan, you are responsible for developing the project cost estimate and a project budget baseline. In addition to your cost estimates and budget, include 750 words to describe the processes, and tools an techniques you are using in your cost management plan, as well as justification of your budgetary plan. You can use the templates found in this module’s Learning Resources or a format of your
own. In Module 5, you will develop the quality management planning components of your Quality Management Plan. Refer to the learning resources and the template provided for guidance. The written portion of your quality management plan should consist of 750 words. You can use the templates found in this module’s Learning Resources or a format of your own. If you work in a group, nominate a group leader within your group and this group leader will submit the group assessment on behalf of the group.

Cost management planning
Apply a diverse set of cost estimating tools to justify the cost of activities Develop and aggregate the cost of resources needed to complete each activity and determine
the detailed budget of the project. Your cost estimate must incorporate at least two appropriate resources given in Table 3 for each group of the given activities. Both cost
estimate and a budget baseline must be produced in alignment with the estimated project schedule.

Develop and clearly demonstrate the resource loading and cost management planning components in your Cost Management Plan.

The cost management plan must include Earn Value Analysis (EVA) as a compulsory cost control tool to be utilised along with other cost control tools in this project. The application of EVA must be clearly demonstrated.