I need 900 words on Project Planning Techniques

900 words

Task 2: 

TOPIC:

Project planning techniques

APA

Further Instructions: 

I Attached sample paper for each assignment but please do not spinBot or don't any type of plagiarism 

 please check the reference file because that's how I need to structure 

Don't submit anything else. Everything related to attached files 

You need to have a look at that and work so that u will get an idea of how to write and all. But make sure you don't copy even one sentence from it. 

Assignment 1 sample reference and Assignment 2 sample reference file are attached 

Read it and see how they wrote and then write my assignment

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Attachment 1;

 Feasibility Analysis of a Car 

 
Walden University 

 Feasibility Analysis of a Car  

Introduction

Feasibility analysis is a system analysis of putting the buy factors into consideration to examine whether an acquisition decision is worth. In assessing the best acquisition method of a car, economic considerations such as Return on Investment (ROI), Net Present Value (NPV) and risk analysis are taken into consideration. Organizational and technical factors such as asset acquisition cultures and asset management could also be factored in.

Discussion

The NPV approach considers the cash flows of the car over a period of 5 years. The projected cash flows from the use of the car will be in form of savings as a result of using a company-owned car over a period of 5 years and the salvage value at the end of the 5 years (Bas, 2013). The cash flows are projected to positive figures of $16,500 (operational savings + salvage – acquisition cost). Since the acquisition decision has a positive value, the buy decision should to be considered.

The ROI approach seeks to establish the period that the project will take to recoup its operational costs. The projected estimation of inflows and outflows show that this may take between 4-6 years of operations to make savings that equivalent to the acquisition cost (Milis, Snoeck & Haesen, n.d.). In the estimation calculation, the salvage value at the end of the period is disregarded.

The cost – benefit assessment of the car will take the tangible and intangible benefits into consideration (Milis, Snoeck & Haesen, n.d.). The costs to be incurred by the company will be the acquisition, operational and maintenance – a projection of $67,500 over 5 years. The company will save on leasing costs and will also enjoy benefits of owning an asset – accumulated benefits of $75,000.

Organizational and technical factors should also be taken into consideration (Milis, Snoeck & Haesen, n.d.). Over the years, the company has maintained a buy decision instead of a lease decision. This is mainly because the company assets have always been used as collateral for short-term loans. The company has an in-house asset management team that structures optimal utilization of company assets. Management of the acquired assets is thus not a challenge to the company.

Conclusion

The NPV approach shows that the buy decision will result in a positive value meaning that the company should buy instead of leasing. The ROl approach also strongly supports the buy decision as the period of recouping the costs lies within the 5 years being used for consideration of the project. The projected benefits also outweigh the costs of running the car. The company will gain from the buy decision as there is an in-house asset management team.

References 

Bas, E. (2013). A robust approach to the decision rules of NPV and IRR for simple projects. Applied Mathematics And Computation, 219(11), 5901-5908.

Milis, K., Snoeck, M., & Haesen, R. Evaluation of the Applicability of Investment Appraisal Techniques for Assessing the Business Value of Services. SSRN Electronic Journal. doi: 10.2139/ssrn.1517656

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Attachment 2;

Assignment 1

 
Application 1: Feasibility Analysis 

How do you determine whether a project is one your development team (and the organization as a whole) should consider? Performing a feasibility analysis enables you to figure that out. In this Application, you use a non-IT scenario to practice this important skill.

Consider the following: You have just graduated from college and are beginning your first professional job. Until now, you have been using mass transportation to get to school, but that may no longer be the optimal choice for getting to work. You think your best option may be to buy a new car.

In 2–3 pages, perform a feasibility analysis on the purchase of a new car. Although a full feasibility analysis for an IT system will include organizational, economic, and technical components, for the purposes of this Application, limit your analysis to the following:

• Economic considerations, including ROI, risks, cost benefits (tangible and intangible), and net present value (NPV) for the next 5 years Organizational factors, in this instance, you and your business needs for the car.

• Conclusions you reached by doing this analysis. (Is buying a new car your best option? Why or why not?)

Cite your sources according to APA guidelines.

Assignment 2 

 
Application 2: Project Planning Techniques 

Once the organization has decided to move forward with the development of a new or modified system, it is time to determine what tasks are necessary to move the project from initiation to completion. In this Application, you use some standard project management approaches to create a work plan and project schedule (Gantt chart) for a development project.

Consider this scenario: As a systems analyst at a medium-size company, you are helping to design an online system the human resources department can use to manage available job positions. This system needs the following capabilities:

• Posts open positions to a company website

• Makes the open positions viewable and searchable by the general public

• Makes the open positions viewable, searchable, editable, and reportable by the organization’s HR employees

• Collects résumés of applicants and their contact information into a standard résumé template

• Tracks the status of the applicants (whether they are qualified, interviewed, and rejected or hired)

• Houses positions and résumés in a database and performs searches via an online form

• Includes notification services to contact candidates about their status

In 2–3 pages:

• Create a work plan listing the tasks that will need to be completed to meet the system’s requirements.

• Create a Gantt chart that is based on the details of your work plan. You may use any drawing/presentation/project management tool with which you are familiar and to which you have access. Should you decide to try project management software for this assignment, free options are available for download (such as Open Workbench at http://open-workbench.en.softonic.com/ or OpenProj at http://sourceforge.net/projects/openproj/)

• Justify your choices for the work plan and Gantt chart, explaining how your choices meet the requirements of the system.

Cite your sources according to APA guidelines.