Discuss the earned value management technique

Assignment Help Project Management
Reference no: EM131785633 , Length: 2800-3000 Words

QUESTION 1

Identify a project to complete in your department at your organisation (or an organisation that you are familiar with). Present a professionally written project proposal, including:

- An executive summary;
- A background to the proposed project (how it is aligned with the organisation's vision and mission);
- The key project goals and objectives (apply SMART criteria and explain the strategic link between plans, programmes and project);
- A stakeholder analysis;
- Findings stemming from your feasibility study and market research;
- Financial projections or cost projections (best, middle and worst case scenarios of initial estimates of time and resources); and
- General recommendations (tactics) based on your research and financial projections.

QUESTION 2

Concerning your project, document how implementation will take place (strategy) and how you would address potential challenges (resistance to implementation) in this regard. Also, provide an overview of the committees, decision makers and task teams that will be involved in your project, including their responsibilities.

QUESTION 3

Create a work breakdown structure (WBS) for your project.

QUESTION 4

Conduct a risk analysis on your chosen project, clearly showing the impact and likelihood of specific risks. Be sure to determine the risk acceptance criteria, risk acceptability and what action will be proposed to reduce the risk.

QUESTION 5

Discuss the earned value management (EVM) technique and its role in forecasting and controlling performance of your chosen project.

QUESTION 6

Together with monitoring and control is the process of reporting on progress. Discuss what you would include in the project progress report of your chosen project.

QUESTION 7

During which development stage of the project management life cycle would leadership be likely to acknowledge successes and failures of the project? Justify your answer, and critically discuss how you could manage potential failure and success factors.

QUESTION 8

Present a sample project closure checklist that you would use to close your project effectively.

Reference no: EM131785633

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Reviews

len1785633

12/28/2017 4:20:09 AM

At postgraduate level, students are expected to substantiate their answers with evidence from independent research. • Responses should be in ESSAY AND PARAGRAPH FORMAT. Bullet type responses should be avoided. • If you decide to work as a group or team in doing your assignment, please make sure that you write your assignment individually and in your own words. o If NOT, you will be told you have copied and you will have to do a brand new assignment, which will be capped at 60% and for which you will have to pay a resubmission fee.

len1785633

12/28/2017 4:19:56 AM

INTRODUCTION TO THE ASSIGNMENT • This is an individual assignment, consisting of eight assignment questions. • This assignment may not exceed 17 pages, excluding the title page. • The font must be Arial 11 and single spacing must be used. • Students are required to use the in-text referencing method prescribed by Regenesys under guidelines and policies on the student portal. Further, students are encouraged to refer to the referencing mark allocation guide to see the minimum number of references needed for this assignment.

len1785633

12/28/2017 4:19:42 AM

• Full referencing of all sources, including page numbers in in-text referencing, is essential. For example: (Gitman, 2010:15) in-text reference, and then in your reference list: Gitman, L.J. 2010, Principles of Managerial Finance, Cape Town: Pearson Education. • Extensive and credible academic references are required to demonstrate that you have researched the topics fully and so that you can substantiate your arguments critically. • Respect the introduction, body, and conclusion format.

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