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Project Management - Essay Example

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The objective of the transaction was to optimize purchasing options of the NEHPA and streamline operations including minimizing costs.
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Project Management

roject manager, £75 per hour for managerial staff, £65 per hour for technical specialists, $55 per hour for senior development staff and £45 per hour for development staff. The total project duration, as per Appendix B, is from 10th January of year 1 to 21st April of Year 2, which is a total of 101 days or approximately 65 weeks. The project Manager has to be paid for the entire duration of the project, hence amount payable to project manager for working 37 hours per week for 65 weeks amounts to £2,28,475. Managerial staff are likely to be paid during the analysis and workshops section of every phase. As per Appendix B, this segment lasts for 102 days in Phase 1, 82 days in Phase 2 and 67 days during Phase 3. This amounts to a total of 251 days or approximately 35 weeks. The daily wages payable for 4 members of managerial staff for a 37 hour week works out to a maximum of £3,88,500.
The development segment for phase 1 is 102 days, phase 2 is 93 days, phase 3 is 55 days, bringing it to a total of 250 days or approximately 35 weeks. Senior development staff are likely to be used for this stage of the project. An estimation of maximum possible costs for six senior developmental staff working a 37 hour week works out to £4,27,350. The testing and training stage of the project would be where technicians are working, and this is 61 days during phase 1, 30 days during phase 2 and 14 days during phase 3, i.e., a total of 105 days or approximately 15 weeks or £1,44,300. The deployment and handover stages are likely to be carried out by the development staff and the duration of these stages are 18 days for phase 1 and six days each for phases 2 and 3 respectively; i.e., a total of 24 days or approximately 3 weeks. For 10 members being paid £45 per hour for a 37 hour working week, the total amount works out to £4,99,500.
Also to be factored in are the costs of hardware procurement and development, which have been estimated by Stuart Dickson as being about ... Read More
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