Project Procurement Management - Essay Example

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Summary

TopLiance Corporation sells home appliances. They have over 50 sales agents across multiple states. They have decided to implement an online sales program, which is Internet based and is expected to increase the sales volume and enhance the profit margin. As a person leading the project team, my objective is to generate the project charter, schedule and rough cost estimate.
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Subject: Business
Type: Essay
Level: College
Pages: 3 (750 words)
Downloads: 2
Author: zwaelchi

Extract of sample "Project Procurement Management"

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A signed Charter authorizes the Project Team to begin work on the project. Project Schedule gives planned dates for starting and completing activities and milestones. Project schedule could be an addendum to the project charter or be part of the charter document itself to provide a high-level timeline of the project to the management and the stakeholders. The Project charter should contain rough estimates for the management to budget for the project or choose to approve this project over other projects that are in contention for the funding.

This could also be included in the charter document itself or be a separate supporting document as an enclosure. Expense itemCosts$Capital costsHardware$25,000.00Software$106,000.00Infrastructure$83,000.00Installation$12,000.00Professional Services - implementation and training$200,000.00Others$53,000.00Total Capital Costs$479,000.00First Year Operating CostsSalaries$300,000.00Computer Operational costs$85,000.00Contracted Services$200,000.00Professional services$150,000.00Others$75,000.00Total first year operational costs$810,000.

00Total budget cost estimate$1,289,000.00References:1. Project Charter definedAuthority DocumentationComparing Prince2 with PMBOKhttp://www.maxwideman.com/papers/comparing/authority.htm2. What should a project charter containA Project Charter templatehttp://www.vita.virginia.gov/projects/

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