Implement earned value metrics

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Reference no: EM133179922

Question 1

Consider a project that you have been involved with or aware of that you consider to be highly complex. What made it acomplex project? Did it succeed? Why, or why not?

Question 2

Consider a notable example of a project in your work or personal life that failed specifically because the initial scope,schedule, and budget estimates were inaccurate. Briefly describe the project; state what you think went wrong with respectto the estimate, what problems the faulty estimate caused, and what you recommend that should have been done instead.

Question 3

Consider a sequence of activities that you have encountered in your daily life and briefly describe it. Would you be able to identify the critical path associated with these activities by inspection, or, alternatively, would you need to performcalculations? Provide your opinion and explain your rationale.

Question 4

Consider a schedule in daily life that you lived through and that in your view would benefit from modeling using program evaluation and review technique (PERT), a Monte Carlo analysis, or both. Describe the schedule, and explain why modelingthe schedule would have assisted in managing the schedule risk and why taking the trouble to model the schedule would have made a difference.

Question 5

Consider a situation in your place of work or daily life where a serious incident occurred that was related to a risk thatescaped notice. Briefly describe what happened and the nature of the risk that was not identified. What could have beendone differently, and had the risk been identified, what trade-offs could have been initiated?

Question 6

Think of a time when you needed to monitor and report progress, but you did not have the ability to implement earned value metrics (EVM). How did you measure and provide an accurate and unambiguous account of project progress? What werethe limitations?

Question 7

Consider a situation in your workplace or in daily life where you had to complete a series of activities in half the time that you originally planned. Describe what it was, how you did it, and if you brought in extra help to do it. Also, were you successful atachieving the revised target? What, if anything, went wrong?

Reference no: EM133179922

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