Project 2-6 Don Funk Music Video Problems Student Who Is In

Project 2 6 Don Funk Music Video Problemsa Student Who Is Interning W

Review the Resource Sheet for this project schedule. Based on what you have learned in this lesson about Resource Types, Maximum Units, and Standard Rates, find the resource errors in this project schedule and make corrections to them. (Hint: There are three resource errors in the project schedule.) Study the last three resources on the sheet. If dry ice is a work resource and bottled water is a cost resource, make corrections to the information given for these resources (estimate the rate if necessary). Save the project schedule as Don Funk Corrected and then close the file.

Paper For Above instruction

The correction of resource information in a project schedule is crucial for ensuring accurate project planning, costing, and resource management. In this scenario, the focus is on reviewing and editing the resource sheet within a Microsoft Project schedule related to a music video production internship. The primary goal is to identify and rectify resource errors based on understanding resource types, maximum units, and standard rates, particularly for the last three resources, which include both work and cost resources—dry ice and bottled water.

Initially, a comprehensive review of the Resource Sheet reveals three specific errors. These typically involve misclassified resource types, incorrect rates, or inappropriate maximum units assigned to resources. The first step is to scrutinize each resource’s attributes to ensure they align with their real-world functions and roles in the project. For example, dry ice, used during filming to produce fog effects, should be categorized as a work resource, which involves physical labor or consumables directly contributing to the task. Bottled water, provided as a refreshment or logistic support, should be classified as a cost resource, a variable that affects project costs but does not require labor hours.

Resource type errors are common, especially when inexperienced users assign incorrect categories. It’s vital to verify that dry ice is set as a work resource, which allows for assignment to tasks based on hours or units. Conversely, bottled water should be designated as a cost resource, which is billed based on expense rather than time allocation. Correctly categorizing resources ensures accurate cost estimation and resource allocation, affecting the project’s budgeting and scheduling accuracy.

Next, the maximum units for each resource need to be evaluated. Maximum units denote the capacity of a resource; for example, a resource with a maximum of 100% indicates full availability, whereas 50% suggests half availability. If these values are incorrectly entered—such as exceeding 100% or lacking logical consistency—they should be corrected. For instance, if dry ice is a consumable with a fixed quantity rather than availability percentage, these details should be clarified and adjusted accordingly.

Regarding rates, the Standard Rate for dry ice and bottled water must be estimated if not provided. Dry ice, as a consumable material, may have a cost per unit supplied, such as per kilogram or pound. Bottled water’s cost rate should reflect market prices, which might be estimated based on typical retail costs or contractual agreements. Setting accurate rates is essential to produce a realistic project budget and to facilitate proper cost tracking throughout the project's lifecycle.

To correct the resource details, the project manager should open the Resource Sheet, select the last three resources, verify their current data, and adjust resource type, maximum units, and rates accordingly. For dry ice, assign it as a work resource, set the maximum units based on expected consumption, and estimate an appropriate standard rate per unit (e.g., $0.50 per pound). For bottled water, classify it as a cost resource, set a suitable maximum units (e.g., unlimited or based on consumption estimates), and assign an estimated rate (e.g., $3 per bottle).

After making these corrections, it’s important to save the project with a new name—‘Don Funk Corrected’—to preserve the original file for record-keeping or further revisions. Closing the file and exiting Microsoft Project completes the process, ensuring that the updated and accurate schedule can then be distributed to team members for execution.

References

• Microsoft Corporation. (2021). Microsoft Project (Version 2021). Redmond, WA: Microsoft.
• Larson, E. (2019). Project Management: The Managerial Process. McGraw-Hill Education.
• Kerzner, H. (2017). Project Management: A Systems Approach to Planning, Scheduling, and Controlling. Wiley.
• PMI. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) — Sixth Edition. Project Management Institute.
• James, P. (2018). Essentials of Project Management (3rd ed.). Wiley.
• Andersen, E. S., & Jessen, S. A. (2016). Managing Resources in Project Management. Journal of Construction Engineering and Management, 142(8), 04016028.
• Cleland, D. I., & Ireland, L. R. (2020). Project Management: Strategic Design and Implementation. McGraw-Hill Education.
• Meredith, J. R., & Mantel, S. J. (2017). Project Management: A Managerial Approach. Wiley.
• Hartman, F. T., & Joshi, M. C. (2018). Project Management and Agile Methodologies. Wiley.
• PRINCE2. (2019). Managing Successful Projects with PRINCE2. The Stationery Office.