Part 1 (1/2 page)
The project budget is created to bring these two parts together.
How would you explain the difference between a project cost plan and a project budget to a business sponsor? Remember that the sponsor is not familiar with the project management process or its terminology.

Part 2 (1/2 page)
You are a consultant project manager hired to implement a major ERP application and your company will receive 10 million dollars at the end of the project. The CFO determines it will cost 7 million dollars in total and take one year to finish the project. The consulting company will profit 3 million dollars for completing this project.
However, in the 10th month of operation, the project team runs into problems with the data integration functionality of the ERP system. The organization already spent 5.25 million dollars on this project, and the CFO must decide whether to continue with the project or cancel it. She estimates that this major setback will cost an extra 1 million dollars. However, the company can still profit 2 million dollars from the project (Nickolas, 2015).
Do research on project sunk costs and provide the following information:
    Should the CFO approve the continuation of the project?
    What would be the basis of the decision to move forward?
    Should sunk costs be included in the decision to move forward?

Part 3
Overview ( 3 page)
Estimating project budgets is far from an exact science. Many of us have heard of projects running over budget. Why is this? Why do we consistently forecast low? There are many reasons for this inconsistency, including everything from improper funding at the beginning of the project to taking shortcuts that should never have been taken. Whatever the reason, there is a need for project managers and their teams to become better at forecasting technology costs.
For this assignment, you will complete the Cost Budget Template (See attached), update your project schedule in Microsoft Project, and update the Cost Estimate / Schedule Update section of the Project Management Plan Template.
Instructions
Using the information from the Unit 5 assignment and your WBS, provide a complete budget for the project using the Cost Budget Template provided.
For this assignment:
    Identify the costs of each task.
    Identify the time frames within which the costs will be incurred.
    Prepare a cost estimate for the project using the Cost Budget Template.
    Prepare a preliminary budget for the project using the cost estimate.
    Enter your budget into Microsoft Project.
    Use the Microsoft Project function to establish a baseline budget.

Within Module Case 4 you will conduct a peer-review of a fellow classmates DSP prospectus (Chapters 1-3). The Peer Review Process is an essential activity within the academic community. The process assists in the quality assurance and a formal/critical review of scholarly writing and research. The peer-review process also allows for additional viewpoints and critiques of ones academic work to aid and assist within the editing and content continuous improvement of ones scholarly writing.
Case Assignment

It is very important that you provide the author with constructive criticism and structure on improving the DSP prospectus. In your review it is essential to know what specific changes you would like to see based on the peer-review template that is provided. It is not enough to just point out potential problems with the proposed study. Highlight the problematic areas that you feel are critical and must be addressed. Where possible, provide suggestions or references on how to overcome these obstacles.

Provide review feedback of your assigned peer-DSP prospectus based on the following areas:

    Conceptual Significance
    The work represents an important contribution to knowledge. It extends or challenges present causal assumptions in the IS theory or knowledge base. It uses theories from IS or reference disciplines to explain the relationships among variables in the study. Ties to relevant literature are clear as is the thrust of the central argument. The work explicates underlying assumptions well and provides direction for extending or improving on the present research.
    Practical Significance
    The work contributes to our understanding of current technological and organizational problems or challenges faced by IS or other practitioners. In presenting an interesting paradigm or data analysis technique, it maintains readership interest.
    Conduct of Research
    Methods, subjects, and techniques are well suited to the exploration of the research questions. Where relevant, the work demonstrates appropriate operationalization of conceptual constructs and an acceptable degree of internal and/or external validity; the choice of statistical and/or mathematical analysis is appropriate as is the interpretation of results. Study results are objective and in such a form that other researchers could replicate the work. The work adheres to generally accepted standards for scientific ethics.
    Logical Presentation of Research
    The flow of ideas in the paper is logical and there is a clear tie between literature review and method and a clear link between method and results. The work is presented at a level of sophistication and length appropriate to the readership of an applied research project.
    Clarity of the Writing
    The work adopts a professional style and tone and is concise. It is grammatically correct and clear in its use of English language. Figures and tables are clear and understandable; accurate and descriptive titles, legends and labels are present.

Assignment Expectations

Your assignment will be graded using the following criteria:

    Assignment-driven Criteria: Student demonstrates mastery covering all key elements of the assignment
    Critical Thinking/Application to Professional Practice: Student demonstrates mastery conceptualizing the problem, and analyzing information. Conclusions are logically presented and applied to professional practice in an exceptional manner.
    Business Writing and Quality of References: Student demonstrates mastery and proficiency in written communication and use of appropriate and relevant literature at the doctoral level.
    Citing Sources: Student demonstrates mastery applying APA formatting standards to both in text citations and the reference list.
    Professionalism and Timeliness: Assignments are submitted on time.

After reading Chapter 2 of the text, please write a 4-5 page essay that addresses the following:

Lockheed has an interesting history that seemed innocent enough up until around the 1950s. You’ll note on p. 56 of Terris book that the company began to engage in some questionable sales strategies with other nations in an effort sell the F-104 Starfighter so as to recoup costs when their US sales strategy failed.

Describe some of the unorthodox strategies covered by Terris during this era that made Lockheed become “a byword for the shady practices of American multi-national corporations, and a major impetus for new legislation…”.
On the issue of overseas bribes, Terris asks the questions, “Who was hurt by the [overseas bribes to secure sales of aircraft]? The competitors, of course, but what was unethical about beating out the competition that was playing by the same rules? (p.59). What do you think about a situation where underhanded and back door deals are the way the game is played if everybody is on the same playing field? That is to say, if everybody is playing by the same shady rules, is it unethical to compete?

In your reading you will note that defense contractors continued to find themselves in hot water well into the 1970s as a result of overpricing and additional charges of bribery. In the late 70s Lockheed established its first code of ethics and later the major defense contractors came to the table to level the playing field with the Defense Industry Initiative (DII), by agreeing on a set of ethical principles. This was an important turning point as was bringing Norman Augustine on board.
Why was the DII so important to the eventual success of Lockheed Martins ethics program?
Discuss Norman Augustine’s and Dilbert’s contribution in helping Lockheed Martin turn the corner with its ethics program. 

our paper should be 4 to 5 pages, should be double-spaced and in 12-point type size.

Your paper should have a separate cover page and a separate reference page. Make sure you cite your sources.

Use APA style, and proofread your paper.