Reference no: EM132494671

PPMP20010 Executing and Closing Projects - Central Queensland University

Assessment 1
Part A

Project Status Report (time based)

Project reporting is the act of collecting and distributing project information. Project information is distributed to many groups of stakeholders and should be adapted to provide information at an appropriate level, format, and detail for each type of stakeholder

2 GANTT CHART WITH BUDGETED COST
This chart represents the original baseline plan for the project.

3 ACTUAL PERFORMANCE
This chart represents the work performed with the actual cost incurred. The data date is the end of week 8.
4 VARIANCE ANALYSIS
Complete the table below. Calculate the values at the data date and show the formula used.
Describe the current status of the project in terms of time and cost performance.

5 FORECASTS- VALUES AT COMPLETION
Calculate the following forecast values and motivate your choice of the EAC formula used
6 FORECAST COMPLETION DATE
Even though a more accurate forecast completion date is derived from the updated schedule, the forecast duration could also be derived from the Schedule Performance Index (SPI) and can help forecasts the end date of the project (see AS 4817-2006 pp.13-15 Section 2.3.2).

Calculate the forecast project duration using the SPI of the project at the data date.

7 MILESTONE REPORT
8 ISSUES, RISKS AND OTHER MATTERS
Include any other matters for reporting such as issues, risks and any other relevant matters and their potential impact on the project in the future, that need to be brought to the attention of the stakeholders.

9 LEARNING FROM THIS EXERCISE
Describe in your own words what you have learned from this exercise. E.g. would comparing the budget with actual cost alone have given an accurate picture of the project?

Assessment 1 Part B
Exception Report (event based)

1. PROJECT INFORMATION
2. ESTABLISH THE NEED FOR AN EXCEPTION REPORT
3. EXCEPTION REPORT
4 LEARNING FROM THIS EXERCISE

Question 1 What are the differences between a time-based report and an events-based report?
Question 2 What are the advantages and disadvantages of an events-based report for the project?
Question 3 What are the advantages and disadvantages of an events-based report for the project manager and the project management team?

Attachment:- Assessment - Project Status and Exception Report exercise and template.rar