Describe the concept of earned value in project monitoring, Project Management

Assignment Help:

Question:

(a) What are the checks/actions to be carried out in a project monitoring meeting?

(b) What is the rationale behind the concept of "earned value" in project monitoring?

?what information is needed at planning stage,
?what information is required when collecting data at specific intervals,
?what values are calculated and ? how these values are used to interpret progress.

(d) What corrective actions can be taken in the following cases : ?

Task is behind schedule.
Quality of deliverable for a task is below standard.

Related Discussions:- Describe the concept of earned value in project monitoring

Identify a governmental and a not-for-profit program, One of the characteri...

One of the characteristics unique to governmental and not-for-profit organizations is the inability to eliminate unprofitable activities. Clearly, in the case of these activities,

Organisation change, explain any ten management inervention

explain any ten management inervention

Define the process of critical path analysis, Define the process of critica...

Define the process of critical path analysis. Process of critical path analysis: 1. Break down project within a logical sequence of activities to be finished. 2. Appro

Benefits of Group Technology, Benefits of Group Technology 1.Reduced F...

Benefits of Group Technology 1.Reduced Flow Times: Compared to the earlier process layout, there are very few halts. Hence flow times are reduced considerably. 2.Process Tim

Explain project scheduling in project management software, Explain the proj...

Explain the project scheduling in project management software. Project scheduling: Project software can assist automatically generate Gantt charts or critical path diagra

Management, Discuss management in Project Management

Discuss management in Project Management

Why do i need project management, Q. Why do I need project management? ...

Q. Why do I need project management? One more way of asking this question is What if I do not bother with project management? The reality is all projects demand some extent of

Inventory management, I nventory management: This refers to the met...

I nventory management: This refers to the method in which tangible resources and materials are handled by businesses in order to make sure resources are readily available f

Project contracts, Understanding Project Contracts Project contracts i...

Understanding Project Contracts Project contracts invariably involve construction and therefore we will discuss contracts necessarily involving construction in this section. I

What are the techniques used for a post completion review, What are the tec...

What are the techniques used for a post completion review? Techniques used for a PC (post completion) review: a. End user satisfaction surveys regarding to the quality of th

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages