
I am concurrently taking IT330, last weeks assignment was also completely algebraic assignment that required no knowledge or understanding whatsoever of any networking, or IT related concepts. This assignment is similar but more simplistic from a mathematical point of view. I can have absolutely no comprehension of how this relates to Projects Management, planning and development but receive full credit for it if I get the numbers correct. I become more and more frustrated with the lack of real world relevance in these classes, I can't blame you, you just teach, you don't make the curriculum. Also, I would be acting in a highly atypical manner if I did not note my personal protest to the nature of this assignment as it requires us to make assumptions. I have learned personally that in my professional life, my personal life, and my spiritual life that making assumptions though sometimes necessary is best if never used due to the overwhelming odds of catastrophic results. With that said I will cut and paste my calculations.....
* Due Date: Day 5 [Individual] forum
* Compose your response to the following scenario: You are managing a project and you
have an $850,000 budget. For the project, your resources include four developers and
one project manager. You can assume that the average workweek per person is 40
hours and that the developers earn $30 per hour while the project manager will receive
$50 per hour. Without knowing the deliverables, estimate how long you can keep these
resources with the budget you have.
* Post your final response to the Individual forum.
4 developers x 40 hours per week x $30 per hour = $4800 per week
1 Manager x 40 hours per week x $50 per hour = $2000 per week
Total Cost Per week $6800
Total budget $850,000 divided by $6800 = 125 weeks
This Budget with this number of workers at the specified salary and hourly work week without any other known information can be sustained for a period of 125 weeks which in this scenario is 25,000 man hours worked which averages to $34 per man hour in this scenario. Eliminating one developer for the entire project will accumulate to a total savings of $150,000. With the Savings and only 3 developers at the given rate
3 developer x 40 hours per week x $30 per hour = $3600 per week
1 Manager x 40 hours per week x $50 per hour = $2000 per week
Total Cost Per Week = $5600
This project length will last 151.79 (rounded up) weeks
A deduction in the Managers pay of $8.75 per hour would bring his weekly pay down to $1650 per week accounting for a total savings of $43,750 For the length of the project.
Firing the Manager permanently and forcing the developers to fend for themselves for the 125 weeks would result in a cost reduction of $250,000 which is enough to purchase 4111 shares of APOL stock on the Nasdaq Market at a rate of $60.81 with enough left to purchase at least 2 gumballs out of the machine at La Tienda Del Sol.
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