What is involved in monitoring and controlling projects

Assignment Help Operation Management
Reference no: EM131032313

1. Why is it important to keep the risk register up to date?

2. Why is it important to document contract changes?

3. Why should project teams be watchful for constructive change orders?

4. What is involved in monitoring and controlling projects?

5. 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. Answer the following question.

What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?

Reference no: EM131032313

Questions Cloud

Global-transnational or multi-domestic strategy : Would you describe Tata Motors international strategy as a global, transnational, or multi-domestic strategy? Explain. What do you consider to be the most important problems and issues facing Tata Motors, based on your analysis of company and the glo..
May contribute to a hazard : What are the primary elements of each of the three types of risk control? Assume you are in a hazard hunt; list a few factors in your job that may contribute to a hazard and how likely is it that a hazardous situation will occur?
Analyze the stakeholders using the onion diagram technique : Analyze the stakeholders using the Onion Diagram technique. Analyze the stakeholders using the stakeholder assessment technique.
Recalling the last ten traffic lights : One question asked was "Recalling the last ten traffic lights you drove through, how many of them were red when you entered the intersections?" Of the 880 respondents
What is involved in monitoring and controlling projects : Why is it important to keep the risk register up to date? Why is it important to document contract changes? Why should project teams be watchful for constructive change orders? What is involved in monitoring and controlling projects?
How potential customer make decisions in choosing restaurant : Use the appropriate concepts, models and theories of Decision Making to explain how potential customer makes decisions in choosing the restaurant
List and describe three types of training methods : List and describe three types of training methods. What type of activity is it? What types of activities precede and follow it? What learning style(s) does this activity accommodate? What adult learning characteristics does this activity incorporate?..
Expansion of e-commerce : How does Network Effect (sometimes also called network externality - not exactly same though) has helped expansion of E-commerce? How far does this effect explain the runaway success of firms like Amazon and E-Bay? Will this effect always remain bene..
With which character do you find it most easy to identify : How are their struggles similar? How are their struggles different? To what degree do you think that the form of each narrative (tragedy, novel, graphic novel) shapes our perception of each character? With which character do you find it most easy ..

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd