The Project Management Process (ITPM chapter 3). Answer the questions below thoroughly and completely (one sentence answers will not be sufficient). Submit the assignment as one word document via BlackBoard assignments. Copy and paste the Excel spreadsheet created for #5 into the word document (be sure to size it so that it is readable). Also submit one Excel document for #5b below. The excel worksheet is not a substitute for answering #5 in the Word document. Be sure to include your name, course.section and assignment #.

1. Identify and describe the five project management processes. What happens in each process? What are some of the key outputs of each process group?

2. What are some of the typical challenges project teams face during each of the five process groups?

3. Approximately how much time do good project managers spend on each process group and why.

What types of activities occur before initiating a project?

You work as an IT project manager for a local nonprofit organization (you may choose any

nonprofit organization). As part of the project planning and selection process, you have been asked to evaluate project X - developing and launching a new Web site for the organization.

a. Itemize and determine the total costs and total benefits for the project. Complete the cost and benefit tables (below) for expected costs and a benefit. Be sure to include costs and benefits that would occur during the website development (year 0) and cost and benefits that would occur once the website is operational (year 1, 2, 3 etc.). You should have at least 5 cost and 3 benefits. Determine total estimated costs and total estimated benefits for each year.

Costs Project X
Cost	Year 0	Year 1	Year 2	Year 3	Year 4	Year 5	Total
.....
.....
.....
.....
.....
Total Cost

b. Use Excel to complete a financial / economic feasibility analysis. Calculate the net present value (NPV), return on investment (ROI) and a break-even (BE) analysis. Assume a 6% discount rate and 5 year time-horizon (use Excel template created in class). You must copy and paste analysis worksheet here! The Excel worksheet will not be accepted as the answer to 5b.

c. What have you learned about the website project in terms of its financial feasibility? What would you do with this information?