PM 592 Project Cost and Schedule Control Executive Summary After reviewing the project costs, schedules, and earned values I have realized that there are some concerns with the schedule and costs. I have found that there are some tasks that have put the project behind schedule and over budget. After reviewing the project closely and making the adjustments by requesting and adding additional percentage for resources to the builder, plumber, electrician, hvac, and the ferris wheel supplier it
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Describe each of them. Why are these processes important to the success of an organizations strategic plan? 3. Question: (TCO C) Cost management is used to help manage projects as investments and to evaluate project management performance using Earned Value Management (EVM). What is EVM? Describe the benefits of using EVM. 4. Question: (TCO C) The following acronyms are used in a network diagram: LS, ES, LF, and EF. What do these acronyms mean, how are they calculated, and how would a project
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often shared expenses across various projects. Sunk costs are costs that bring no value to the project, often a result of a mistake or a result of something going wrong in a project. Due to lengthy projects, I have never personally encountered the cost involved, but I am interested in if anyone has personally dealt with sunk costs and how this may have affected the overall budget or outcome of the project. Earned Value Analysis: I also found when researching the history of EVM that there are 32
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create the project schedule which represents the project at a specific point during implementation. The Microsoft Project is used to serve as the tool to perform the project monitoring and control. The MS Project was also used to calculate the Earned Value Analysis. The output of the analysis, combined with a control plan, will be used to support the continuation of the project. Executive Summary The indoor theme park project is almost 5 months since inception and only 40%
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Contract Administration and Change Issue LEG 505, Strayer University September 9, 2012 Abstract This paper will review the importance of roles and responsibilities of contracting officers and administrator. It will look at the importance of improving the methods of creating contract schedules. This paper will develop a policy to explain the roles the contracting officers should have played with regards to GAO-09-406T, Department of Energy: Contract and
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actions to control costs at this point in time. There are many tasks behind schedule. The entire project is behind schedule with a Performance Index of 0.68. This indicates that for every $1 spent on this project there is only an efficiency of $0.68 value. There are corrective actions that can be implemented to turn this project around and get it back on target. I will explore these corrective actions later in the report. Based on my review of the information contained in this document, I do not believe
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needs. Grey Matter Solutions maintains honesty and integrity at the utmost level where we strive to achieve the highest levels of trust from our clients. All services are offered in a user-friendly atmosphere at very cost-competitive rates. Values Statement * Grey Matter Solutions believes that the truth should never be compromised.
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1) If you were Gary Anderson would you have accepted this project after the director stated that it would be his baby all the way? Despite Henry Gable’s very apparent shadiness I would probably have taken the project too due to the backing that the project has. Even though the project had issues, based on all we have learned in project management, it is rare that a project has the amount of attention and backing from top executives, as well as, strong resources from the functional team. Many of
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Blue Spider Case 1) If you were Gary Anderson would you have accepted this project after the director stated that it would be his baby all the way? Despite Henry Gable’s very apparent shadiness I would probably have taken the project too due to the backing that the project has. Even though the project had issues, based on all we have learned in project management, it is rare that a project has the amount of attention and backing from top executives, as well as, strong resources from the functional
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Case Study American Electric International 1. Whose responsibility is it to staff the office? Because this is a matrix system, those in charge of the functional groups are responsible for assigning staff from their department to the project staff. While the project manager is in charge of guiding and monitoring the project, authority over the staff lies with their functional managers. 2. What should be Glen Carty’s role, as well as that of Dr. Runnels? As the director of project management
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