Project evaluation, reporting, and termination

Assignment Help Project Management

Reference no: EM1343647

Project Evaluation, Reporting, and Termination

Part 4 of the Project Management Plan measures project performance against cost and schedule criteria for each WBS element. This defines how earned value will be taken during the evaluation stage, and how the results of the evaluation will be reported, using cost/schedule control systems. Variance analysis and control methodologies must also be defined. Finally, upon meeting the project objectives, the method of project termination is discussed. Please explain the following components: Use bullet points.

a. Performance measurement

Define variables that will be measured, explain how they will be measured, and explain when they will be measured to determine if the project is meeting its stated performance objectives. Identify the measurable objectives as "milestones" on the Gantt chart developed in Part 2.

b. Project evaluation

Compare and contrast various performance measurement systems and apply to the WBS. Create a monitor and control system to achieve project goals. Describe how the cost and schedule control system is used to evaluate the results of the preceding monthly performance measurement audit. Report the percentage completed for each WBS task, which would then be converted to the budgeted cost-to-work performed. Compare actual cost-to-work performed to determine cost variance.

d. Conflict-resolution methodologies

Compare and contrast various conflict resolution techniques. Apply these techniques to solve problems related to your project. Identify potential conflict areas and develop conflict-resolution methodologies to deal with these conflicts.
Please use bullet points. Max total 500 words.

Reference no: EM1343647

Questions Cloud

Show the project management communication : Project management communication - explain what are the critical elements of a communication plan?

What is the importance of a variance to a project budget : Project management - What is the importance of a variance to a project budget, schedule, or specification?

Time-Series Forecasting : Time-Series Forecasting: Applied Regression Analysis course, The data in DJIA.xls represent the closing values of the Dow Jones Industrial Average (DJIA) from 1979 through 2008. Plot the time series. Find a three-years moving average to the d..

Set up a scatter diagram for speed and miles per gallon : A research analyst for an oil company wants to develop a model to predict miles per gallon based on highway speed. An experiment is designed in which a test car is driven at speeds ranging from 10 miles per hour to 75 miles per hour. The results ar..

Project evaluation, reporting, and termination : Compare and contrast various conflict resolution techniques. Apply these techniques to solve problems related to your project. Identify potential conflict areas and develop conflict-resolution methodologies to deal with these conflicts.

Important information about project closure : How would you incorporate the information gleaned from this session into future project plans and tools

Developer''s desire to use new languages : developer who is requesting to complete his current project using the newly-released Belchfire 500. What will your answer be, and why?

Affect the project''s ability to succeed : Cultural barriers to projects' success - What cultural barriers may adversely affect the project's ability to succeed?

Which employees are eligible : How often are pay raises given? Which employees are eligible and how frequently are formal performance evaluations conducted?

User Account

All Pages