Team Assignment #5 Cost Estimate Techniques (Week 5)
Students will learn how to use cost estimate techniques to estimate costs
Outcomes Met With This Assignment:
contribute to a team activity to accomplish the goals of a project, recognizing the unique strengths and talents of individual team members
identify, analyze, and evaluate the factors that contribute to the project selection process
plan a project that meets organizational goals and that has a high probability of success
This assignment is the fifth of seven team assignments. As a team, you will learn about cost estimation approaches and learn which ones best fit a project.
NOTE:All submitted work is to be your original work. You may not use any work from another student, the Internet or an online clearinghouse. You are expected to understand the Academic Dishonesty and Plagiarism Policy, and know that it is your responsibility to learn about instructor and general academic expectations with regard to proper citation of sources as specified in the APA Publication Manual, 6th Ed. (Students are held accountable for in-text citations and an associated reference list only).
Step 1: Preparation for Writing the Assignment
Before you begin writing the paper, you will read the following requirements that will help you meet the writing and APA requirements. Not reading this information will lead to a lower grade:
Read the grading rubric for the assignment. Use the grading rubric while writing the paper to ensure all requirements are met that will lead to the highest possible grade.
In writing this assignment, you will read and following these tasks:
Task 1: Third person writing is required. Third person means that there are no words such as “I, me, my, we, or us” (first person writing), nor is there use of “you or your” (second person writing). If uncertain how to write in the third person, view this link: http://ift.tt/1EgdkCC.
Task 2: Contractions are not used in business writing, so you are expected NOT to use contractions in writing this assignment.
Task 3: You are expected to paraphrase and NOT use direct quotes. You are expected to paraphrase, which can be learned by reviewing this link: http://ift.tt/22Abj16.
Task 4: You are responsible for APA only for in-text citations and a reference list.
Task 5: You are expected to the weekly courses readings to develop the analysis and support the reasoning. Students may use external source documents in selecting the company and the projects. The expectation is that you provide a robust use of the course readings. Any material used from a source document, must be cited and referenced. A reference within a reference list cannot exist without an associated in-text citation and vice versa. View the sample APA paper located under Week 1 content. There are also APA resources located under Content>>Course Resources.
Step 2: How to Set Up the Paper
Create a Word or Rich Text Format (RTF) document that is double-spaced, 12-point font. The final product does not have a page limit but you want to make sure to write clearly and concisely.
Follow this format. Consider making an outline to ensure the correct headings are in place and to keep you organize the paper.
Title page with title, your name, the course, the instructor’s name; date
Cost Estimation Approaches
Selected Cost Estimation Approach
Step 3: Brainstorm
Task 1: Under Discussion on the main navigation bar, locate your group.
Task 2: In the LEO classroom (do not use external systems), participate in a brainstorming and collaboration session to learn about cost estimation techniques and how to estimate costs.
Task 3: Identify and discuss at least three different approaches to Cost Estimation. Discuss which approach is the best fit for your project and why you chose the approach.
Step 4: Cost Estimation Approach
Task 1: Concisely provide a summary of the identified cost estimation approaches.
Task 2: Identify the cost estimation approach that was selected for your project. Explain why your team ultimately chose this methodology.
Step 5: Review
Review the paper to ensure all required elements are present and correct.
Step 6: Submit the plan in the Assignment Folder.
Have one member of the team to submit to the Assignment Folder.