project management- Assignment 7
draculaghost2007
reviewquestions7.docxMonitoring and Controlling
Based on the knowledge you have gained through the readings in this module, answer the review questions listed below. These questions were chosen to demonstrate your understanding and help you assess your progress.
1. What is involved in monitoring and controlling projects?
2. Given the following information for a one-year project: ● PV = $23,000 ● EV = $20,000 ● AC = $25,000 ● BAC = $120,000 Assume you have actual and earned value data at the end of the second month. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? How might this information be shared with stakeholders?
3. Your project objective is to improve customer service. Using the data below create a Pareto chart (template).
4. Explain why it is imperative that the project manager updates the risk register on a regular basis.
5. Why must contract changes be documented? Explain the concerns associated with constructive change orders.
Submission
Save your deliverable in a Word
Monitoring and Controlling
Based on the knowledge you have gained through the readings in this module, answer
the review questions listed below. These questions were chosen to demonstrate your
understanding and help you assess your progress.
1.
What is involved in monitoring and controlling projects?
2.
Given the following information for a one
-
year proj
ect:
?
PV = $23,000
?
EV = $20,000
?
AC = $25,000
?
BAC = $120,000
Assume you have actual and earned value data at the end of the second
month. Recall that PV is the planned value, EV is the earned value, AC is the
actual cost, and BAC is the budget at completion.
What is the cost variance, schedule variance, cost perfor
mance index (CPI),
and schedule performance index (SPI) for the project? How might this
information be shared with stakeholders?
3.
Your project objective is to improve customer service. Using the data below
create a Pareto chart (
template).
4.
Explain why it is imperative that the project manager updates the risk register on
a regular basis.
5.
Why must contract changes be documented? Explain the concerns associated
with constructive change or
ders.
Use terminology from your readings and cite related references using current APA
format, where applicable.
Submission
Save your deliverable in a Word
Monitoring and Controlling
Based on the knowledge you have gained through the readings in this module, answer
the review questions listed below. These questions were chosen to demonstrate your
understanding and help you assess your progress.
1. What is involved in monitoring and controlling projects?
2. Given the following information for a one-year project:
? PV = $23,000
? EV = $20,000
? AC = $25,000
? BAC = $120,000
Assume you have actual and earned value data at the end of the second
month. Recall that PV is the planned value, EV is the earned value, AC is the
actual cost, and BAC is the budget at completion.
What is the cost variance, schedule variance, cost performance index (CPI),
and schedule performance index (SPI) for the project? How might this
information be shared with stakeholders?
3. Your project objective is to improve customer service. Using the data below
create a Pareto chart (template).
4. Explain why it is imperative that the project manager updates the risk register on
a regular basis.
5. Why must contract changes be documented? Explain the concerns associated
with constructive change orders.
Use terminology from your readings and cite related references using current APA
format, where applicable.
Submission
Save your deliverable in a Word
