Profiling projects provides additional information that allows project managers and key stakeholders to better understand the unique aspects of the project and therefore better plan the project. Project profiling is a relatively new practice in project management but profiling models are emerging in the literature. Its benefits include its use as a risk management strategy.
Scenario for the Discussion
Review the St. Dismas Assisted Living Facility case study on pages 111-112 of the Mantel text.
•I will Prepare and post a project profile for the St. Dismas case.
•Describe your approach to creating the profile. Why did you choose that approach?
•Which profiling model did you use and why did you choose that one?
•Explain how you can use the project profile for risk management in your project plan.
Project profile of St. Dimas:
The project is to build an assisted living facility in St. Dismas' campus. It will be a subsidiary of the Medical Center and will be a for-profit organization. The project will have 100 units and each unit will earn a profit between $9,000 and $12,000 each year.
The total investment is expected to be $10,525,000.
OPERATING COSTS AND INCOME PER ACTIVITY:
The operating cost per unit will be $2,500 per unit.
The income per unit will be $12,000 per unit
GENERAL AND MAINTENANCE COSTS:
The general ...
The answer to this problem explains project profiling. The references related to the answer are also included.