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PM Capstone Portfolio
For you final Capstone Project you will write a project plan for an organizational project for a company or non-profit
organization that you have selected. The company or organization can be one that you work for, one with which you are familiar,
or one you find through research. The organization and the project will be approved by your instructor after submission of your
Module 1 Capstone Assignment. You should select a project that is complex enough to allow you to demonstrate an
understanding of the learning objectives for this course and the project management principles you have learned throughout your
project management program.
Project Management Capstone Project Description
The goal of the Capstone Project is to develop a project plan that could be used by a project manager to execute a project
successfully. The following components should be addressed in your project management plan and should be broken into the
following four sections and their associated subsections:
• Project Initiation • Project Planning • Risk Management, Project Execution, and Control • Project Closure and Professional
Responsibilities.
The requirements for each section are as follows.
Project Initiation
This section should include the following subsections:
• Introduction of the Project • Project Scope with a Scope Statement • Project Charter.
Your project plan should include an introduction of the company and the scope of the project. The project should be a new
project that you will plan and should not be an existing project within the organization. Your assignment should include a scope
statement, in which you discuss your project justification and project objectives. You should also develop a concise version of a
project charter in which you provide a summary of the project milestones and discuss the key deliverables of the project. Be sure
to include a discussion of the feasibility of the project and the steps you will take to plan the project.
Project Planning
This section should include the following subsections:
• Staffing Management Plan • Work Breakdown Structure (WBS) • Project Schedule (Network Diagram: PERT or Gantt Chart) •
Project Budget • Cost and Schedule Optimization.
For this section you will develop a work breakdown structure (WBS) for your project and assign ownership and resources to each
task. You should develop a WBS in which you itemize the tasks and sub-tasks to be completed over the duration of the project,
assign time estimates to each
activity in the WBS, highlight the critical path, and determine the target start and end dates for the project.
You should include either a PERT chart or a Gantt chart representing the timing of tasks required to complete the project. Either
of these project management tools can be produced manually or with commercially available project management software. You
may want to consider using Microsoft Project, WBS Chart Pro, Microsoft Excel, or any other available programs to assist you in
developing your WBS. Your WBS should consider all the tasks needed to complete the project and show the relevant timing of
those tasks. Be sure to break the project into tasks and subtasks, showing in graphical format tasks that run sequentially or in a
parallel and an overlapping manner. You should consider task dependencies and the order in which tasks need to be completed.
Based on your WBS, assigned resources, and staffing management plan, you will develop a project budget. The budget should
summarize the planned expenses related to the project. The budget should include the expenses you anticipate to incur for the
project considering any labor, materials, or resources needed for the project.
Since your project budget will be based on the WBS, you will use a bottom-up budgeting approach that utilizes some form of
activity-based costing method. Your budget should show the calculations for determining each line item of the budget. Therefore,
if you have a line item for labor, it should be clear how many labor hours are required based on the WBS and the labor rate
assumptions for each worker assigned to the project.
In your paper you should discuss the components the budget, how costs will be tracked and managed during the project, and how
the cost and schedule were optimized to ensure efficiency and cost effectiveness. Your detailed budget, WBS and associated
calculations should be included as appendices to your project.
Risk Management, Project Execution, and Control
This section should include the following subsections:
• Risk Management Plan • Quality Management Plan • Communication Management Plan • Change Management Plan • Metrics,
Assessment, and Communication of Project Status Plan.
Your project plan should include a risk assessment in which you develop a risk management plan. You should also incorporate
the principles of quality management, communication management, and change management in your project plan. Your plan
should include any metrics and assessments that will be completed during the project and a communication of project status plan.
Additionally, you should include any metrics required to manage quality as part of your quality management plan.
Project Closure and Professional Responsibilities
This section should include the following subsections:
• Post-project Review Plan • Project Management Ethics.
In the final section, your project plan should address your post-project review plan that can be executed at project closure and
how project management ethical principles will be considered in your project.
Your well-written Capstone Project should be clear, engaging, original, and focused, with ideas and content that are richly
developed with details and examples. The project should be presented coherently to move the reader through the details of the
project plan. Your submission should meet the following requirements:
• Be 12-15 pages in length, not including appendices, title page, or reference page • Contain appendices that include the WBS,
project budget, and any documentation that details your assignment of resources and budget calculations • Be supported by at
least ten quality sources, of which five must be scholarly sources. Scholarly sources are peer-reviewed journal articles from the
library databases or other academic sources.
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