A Management Reserve

PROJECT QUESTIONS & TASKS1. Provide a project objective associated with the Astin Martin Electronics project. Include a list of assumptions about the project.2. What is a work breakdown structure? What is a responsibility matrix? Using the Astin Martin Astin Martin Electronics project activity list and activity duration schedule, create a WBS and RAM.Work Breakdown Structure (Should provide hierarchical graph)???Responsibility Assignment Matrix??? (Example RAM Template: From different requirements. Be sure and remove this sample before you submit your response to management.)3. (Major) List all activity costs. From the project activity list and activity duration schedule, estimate the cost of each activity. Then, determine the Total Budgeted Cost (TBC) for the Astin Martin Electronics project. Provide the information in table format by month. Objective evidence of derived costs is required for credit. Use labor and overhead rates as provided in your derived calculations.(Example Template: Does not reflect tasks associated with this assignment. Be sure and remove this sample before you submit your response to management.)4. Provide a cumulative budgeted cost curve and monthly budget curve for the Astin Martin Electronics project. Provide in appropriate graph format. This should represent both monthly budget and TBC over the period of performance of the project.5. Astin Martin Electronics wants to know if you plan to use a management reserve for their project. Explain what the term reserve means and why you will use contingency reserve in the project or not. Be sure and consider the implications of using or not using the reserve. Provide appropriate detail in your response.6. Astin Martin Electronics wants to know how JBB Software plans to employ cost management and earned value (EV) in their project. Explain to Astin Martin Electronics why it is necessary to calculate the earned value of work performed and how you plan to execute this task7. Astin Martin Electronics is concerned about how JBB Software will manage risks. Describe what JBB Software plans to do in order to manage risk on the Astin Martin Electronics project and if a risk assessment matrix will be employed and why. Provide appropriate level of detail in your responseFor more information on A Management Reserve check on:https://en.wikipedia.org/wiki/Earned_value_management

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