Define how the project will be measured key evm metrics

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Reference no: EM133586634

Homework: Business Finance- Management- Project Proposal- Execution, Control and Closure Regarding Home Renovation Project

Overview

Note: This is the third of three homeworks that, as a whole, cover all aspects of the project life cycle relevant to your selected project.

Now, it is time for you to discuss your project's challenges (e.g., risks), performance management plan (e.g., earned value management), and proposed plan for closing the HOME RENOVATION PROJECT when it is done.

Task

Write a 4 page paper in which you define the execution, control, and closure aspects of your HOME RENOVATION PROJECT. In your paper you must:

Question I. Create a plan for project oversight that includes identifying the project's greatest challenges and mitigation recommendations. The plan should also include a rationale for why the selected challenges are the greatest challenges and why the chosen mitigation recommendations were made.

Question II. Provide specific and detailed information on how you will measure project performance. Define how the project will be measured and include at least three key EVM metrics that will be used to determine progress and performance success. This should also include a rationale for why those specific metrics were chosen.

Question III. Create a plan for closing the project properly that includes details on how that closure will be coordinated with any necessary stakeholders.

Question IV. Create a performance evaluation to measure project effectiveness that includes scope, cost, time, and quality.

The specific course learning outcome associated with this homework is:

I. Develop a process for measuring the progress of a project, providing oversight, coordinating project closure, and determining project effectiveness.

Reference no: EM133586634

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