Task of cost control and scheduling techniques

Assignment Help Management Theories
Reference no: EM131234642

The purpose of this assignment is to help you to understand the project management task of cost control and scheduling techniques. You will review several variables that can cause project delays and cost overruns, and using the information you've learned, you will suggest how to mitigate the issues listed. The assignment asks you to resolve the problem which infers that the problem is existing. Do not write about avoiding the problem in the first place, but rather write what specific actions you would take now that a certain problem exists: how you would resolve the issues. For example, to review and resolve poorly defined milestones - Use a schedule variance calculation. If the schedule variance shows a project delay, the PM must then determine whether additional funding will be necessary. In this exercise, do not state that you would refer the problem to the project team, or if missing an item that you would create one. Go beyond that. This exercise is for you to examine what else you might have at your disposal to substitute for the missing thing. Include additional project management sources as well. Academic sources are always best.

Below are several variables that can cause project delays and cost overruns.

  • Poorly defined milestones
  • Poor estimating techniques
  • A missing PERT/CPM chart
  • Functional managers not having a clear understanding of what has to be done
  • Poor programming procedures and techniques
  • Changes constantly being made deep in the project's life cycle

Your responses to the questions should total 3-4 pages long and should cite at least three current scholarly resources. APA Format.

Reference no: EM131234642

Electricity and phone lines be routed

Old buildings can be terrific structures. In some cases, they may possess a level of craftsmanship lacking in many modern constructions. In others, they may possess an impor

How creativity thinking relate to contingency planning

Discuss what you discovered about contingency planning. Discuss how creativity and critical thinking relate to contingency planning. Explain how you might integrate creativity

Course-business research for decision making

This week chat was very interesting, makes me think of how careful we all have to be when doing research on our IP, the term "provenance" and "questionable Provenance, was t

Wheel of retailing theory to your local community

Apply the wheel of retailing theory to your local community. What changes seem likely? Will established retailers see the need for change, or will entirely new firms have to

Identify and create a graphic of major competitors

Identify and create a graphic of major competitors, identifying market share/products to show competition in the industry. Complete a Competitive Profile Matrix, using at

What are the benefits of the allocation

How is the decision making in this organization affected by the manner in which costs are allocated? Provide numerical support as needed. Clearly identify the company, the ti

Research project on managing customers and time

Students will undertake a research project on one of the topics listed below. Topic - Managing Customers and Time, Strategic Profitability Analysis and Porters Five Forces Fr

Current innovation challenge or opportunity to practic

Once a leader has assessed his/her own personal discovery skills, the nextstep in development is to find a specific, current innovation challenge or opportunity to practice th

Reviews

Write a Review

 
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