In the previous milestone, you conducted a preliminary investigation into Millennium's request for a business support system and a medical practice support system. After discussing your recommendations, Dr. Johnson and the partners decided to move forward with the Business Support System project and want you to describe the next steps.

To ensure the quality, cost, and timeliness of the new system, you suggested that Millennium Health use a project management approach. Dr. Johnson agreed, and he wants you briefly describe project management concepts and benefits. You realize that most of the partners do not have project management experience, and it is important to deliver a clear, informative overview.

Tasks:

1. Create a Microsoft Word document to include the following points:

• Explain project management concepts and benefits.
• Explain how project management will be used by your team to manage the Millennium Health Project.

2. To illustrate the PM process, refer to table 3.39 and complete the following tasks: 

• Create a  two-column  table with column titles  Tasks  and  Expected Time.  List activities A through J in the Tasks column. 
• Calculate  the Expected Time for each task and enter it into this table.
• Refer to table 3.40.  Based on the activities listed complete the following three steps: 
  • Convert the activity times to days (multiply the number of weeks by 7)
  • Construct a Gantt Chart.
  • Copy/paste the Gantt chart into a  Word  document.  
     
     

  

Transcribed Image Text:

ASSETS Cash Accounts Receivable Inventory Net Plant and Equipment Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable Accrued Expenses Long-Term Debt Common Stock Paid-In Capital Retained Earnings Total Liabilities and Stockholders' Equity Sales (all on credit) Cost of Goods Sold Gross Profit Sales and Administrative Expense Depreciation Operating Profit Interest Expense $ 50.000 70,000 110,000 220.000 $450,000 Profit before Taxes Taxes (30%) Net Income $ 70,000 50.000 130.000 70.000 40,000 90.000 $450,000 MEGAFRAME COMPUTER COMPANY Income Statement For the Year Ended December 31, 2009 $875.000 600,000 275.000 30,000 55.000 190,000 25.000 165,000 49.500 $115.500 Refer to the figure above. Times interest earned for Megaframe Computer is_ 4.5x 9x O 11x 7.6x ASSETS Cash Accounts Receivable Inventory Net Plant and Equipment Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable Accrued Expenses Long-Term Debt Common Stock Paid-In Capital Retained Earnings Total Liabilities and Stockholders' Equity Sales (all on credit) Cost of Goods Sold Gross Profit Sales and Administrative Expense Depreciation Operating Profit Interest Expense $ 50.000 70,000 110,000 220.000 $450,000 Profit before Taxes Taxes (30%) Net Income $ 70,000 50.000 130.000 70.000 40,000 90.000 $450,000 MEGAFRAME COMPUTER COMPANY Income Statement For the Year Ended December 31, 2009 $875.000 600,000 275.000 30,000 55.000 190,000 25.000 165,000 49.500 $115.500 Refer to the figure above. Times interest earned for Megaframe Computer is_ 4.5x 9x O 11x 7.6x

Answer rating: 100% (QA)

Millennium Health Project Management Plan 1 Project Management Concepts and Benefits Project management is a systematic approach to planningorganizing... View the full answer