55247 – Assessment Two: Project Report 40%, 3000 wordsDue 23.00

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Two: 40%, 3000 23.00 AEDT, Sunday 10th May 2020Your of two is required to explain the theory behind a Project Report, and to develop a Project Report based on the scenario below. You must draw heavily on the theory contained in the textbook and the PMBoK. You are expected to include all the relevant sections shown in the textbook, and model your tables on the relevant textbook exhibits. are two parts to your project:1. The first section will discuss the theory behind each element of the project report (2.1 – 2.12). Using appropriately cited paraphrasing, you are expected to draw on the textbook description for each section. note that because there is such an emphasis on the textbook, all in-text citations MUST include the page numbers.2. The second section of the assessment is your actual project report, based on the scenario below. The project report must follow the following sections:2.1. WBS2.2. RACI Chart2.3. Schedule 1 – Gantt2.4. Schedule 2 – AoN2.5. Resource overloads2.6. Budget2.7. Progress Reporting (Timelines)2.8. Progress Reporting (EVM)2.9. Risk Management2.10. Change Management2.11. Stakeholder identification & communication2.12. Project ClosureBeachside cottageYou have inherited an old beachside cottage. You have visited the site and made an inspection. The house needs a great deal of repair work to make it liveable. You have itemised the most important things that need to be done and think it will take a team of workers about 2 weeks to complete.You plan to use this house for vacations and as a rental property through Airbnb. In fact, some of your work colleagues have already expressed interest in renting it soon as the property is finished. You have obtained a loan from the bank of $20,000 – that believe that will give you enough money to buy the supplies and have a spending budget with help from a local contractor and two apprentices. You yourself have committed to working 80 over your vacation to fix up the house, but you are unskilled at carpentry. Your vacation of two weeks starts on Monday the 1st of June, and you prefer to be present when the contractor is on site. Assume you, the contractor and his apprentices1 all can work up to 8 hrs per day, 5 days per week.You expect that within 2 years of renting the property you will have earned enough money to repay the bank loan.1 For this case the contractor does not need to be present to have an apprentice working on siteContinually ask yourself the question “when this is done, what else can I start now, or which things can I do at the same time?”.Resources Cost NoteSupplies needed $7,500You $0 Can do all jobs except paintingContractor $125 per hour Expert in carpentryApprentice I $60 per hour Expert in paintingApprentice II $40 per hour Can do all odd jobs (except painting)Please note while working on this project, many assumptions are made that appear unrealistic, such as for example the wages, or constraints around who can do what. The main reason behind these decision has been to create an example that is easy for you to work on, while keeping it within small boundaries.The following List of Most Important Fixes and Project Customer Trade-Off Matrix are provided to you as background to the project; they are part of the Case.List of Most Important Fixes (not necessarily in order of schedule or priority):1 Purchase supplies2 Hang new curtains3 Repair wooden shutters4 Paint shutters5 Hang shutters6 Repair wooden porch7 Repair wooden floor8 Sand floor9 Refinish (seal) floors, including porch10 Paint ceilings11 Paint doors12 Paint interior walls13 Paint exterior walls14 Wash exterior windows15 Wash interior windowsCustomer Trade-Off matrixOld Farm House Enhance Meet SacrificeCost Cannot go over$20,000 Spend full budget to save timeSchedule Save time (you are allowed to spend the full budget if it enhances time finished) Must finish in two weeks (10 business days)Quality Must meetScope Must meet

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