compare two project
Week 1 begins with an individual assignment. Please note that in this individual exercise you will be comparing 2 different projects. One of your required texts is “Case Studies in Project Management,” and there are a number of case studies contained herein. Please choose 2 case studies for this first exercise to compare. Note: you will actually take one of these projects and use it for the assignment in weeks 3 and 5.
To assist you complete this first assignment, you will find herein for Week 1 – Business Case and Project Initiation Documents/Templates AND a Feasibility Template. It is not required to use all of these templates, but I would expect that you would utilize at least 2 of these templates in completing the Project Valuation/Feasibility Study for the 2 project case study comparison. Remember you are completing a business justification for why you are choosing one project over another (only comparing 2 projects, not all 9 scenarios). As such I would expect that you would have an analysis that would include why one project is more feasible then the other, what is your preference, why you feel its success rate would be greater than the other project. Make sure you include references, table of contents, executive summary…and the 10-12 pages may include the appendix, if desired.
In your submission I would expect that you would begin with an overview of the 2 project scenarios. Choose a couple of the templates provided that would be applicable to both project scenarios and complete the content. Make sure that you, at a minimum, address the following:
· High Level Risk Assessment (where do you see the challenges, probability/severity of consequence (simple grid) for each project Scenario). Which project seems more “risky”?
· Cost/Benefit Analysis: High Level – What are you seeing is the possible overall cost of the project and in particular the benefits. Which project seems to have greater overall benefits?
· Substantiate the Feasibility and Your Choice- when leadership is looking to support a project and choose between which 2 projects, they will want to support the project with the “biggest bang for the buck”.
· Justification/Rationale/Reasoning/Assumptions – This is an analysis…build your case and support it!
*Note: Utilize means that you reference and use components of the templates so that you understand the kind of content we are looking to compare. In the beginning when you are completing a project charter you do not have perfect information. As such, it is helpful to put together in a structured manner the kind of information that would allow you to assess the value, pros & cons of the project as is possible.
1. Individual Assignment (10-12 pages)–Choose 2 project ideas (the course case studies) – using a project valuation method OR feasibility study approach, a risk analysis and a cost-benefit analysis…determine which project idea is viable and WHY (rationale/ reasoning)…Note: You will use this same project idea in Weeks 3 and 5 and 6!
2. Volunteer to Lead a Discussion Thread in Weeks 2-6
NOTE: Format: Double line spacing between paragraphs but 1.5 spacing within the paragraph, 11-point Times Roman, 1-inch margins. Please use footnotes or end-notes and citations as well as 12-14 point font, bold headings and subheadings.