Reference no: EM131437480
Shared Activity: Cost, Budget, and Performance
When managing a project, you will constantly need to evaluate cost, budget, and performance. This is important to be aware of how much the project has already cost the organization, and how close you are to meeting or exceeding your budget. You will also need to evaluate whether the project and the project team are meeting their expectations. A budget template can help you effectively monitor your project's cost and budget. A budget template is often completed using a spreadsheet such as Microsoft Excel, and helps you organize the finances of your project by monitoring employee compensation, legal fees, professional fees, travel expenses, marketing expenses, office expenses and overhead costs. Using a budget template will help you keep your budget under control and provide financial information to your supervisor or other senior leaders at the organization.
In your Resources for this unit, you will explore various ways to measure elements of a project. A technique you will explore is the Balanced Scorecard (BSC). The BSC helps measure organizational performance in relation to the organization's strategic goals, incorporating financial measures as well as business processes. The BSC aims to find balance between internal and external measures; objective measures and subjective measures; and performance results and the drivers of future results. In the media for this unit, you can view a graphic of what a BSC entails. These tools and techniques can help a project manager effectively monitor and control projects, resulting in increased potential of project success.
To complete this Shared Activity: 2 PPT Slides excluding Title slide and reference slide (4 slides in total)
Review your scenario.
Develop a budget template for the project in your scenario.
Develop a BSC which includes your suggested KPIs in the four BSC categories for the project in your scenario.
Which of the following is the purpose of the problem section
: Which of the following is the purpose of the problem section of an argumentative essay? TV Commercial: "You should buy this car; it feels awesome to drive!" In propositional logic, the variables P and Q stand for:
|
Why do the terms bureaucrat and bureaucratic
: Why do the terms "bureaucrat" and "bureaucratic" often carry negative connotations? Give examples of negative and positive experiences that you've had with bureaucrats or bureaucracies.
|
How do small businesses contribute to the economy
: What is a small business? How do small businesses contribute to the economy? Why do small businesses fail? Name and explain each of the different forms of Private Ownership in business. Describe the various theories of organizational effectiveness. E..
|
Develop a budget template for the project in your scenario
: To complete this Shared Activity: 2 PPT Slides excluding Title slide and reference slide (4 slides in total) Review your scenario. Develop a budget template for the project in your scenario
|
Which of these is a problem that egoists have
: What is a duty called when it applies to everyone at all times? Which of these is a problem that egoists have? If a diabolical villain threatened to blow up a city unless you kill one innocent person, what would a kantian say you have to do?
|
Describe process situation in service industry
: Describe a process situation in a service industry where one of the elements on the diagram seems to have been omitted, explain the effect of the omission, and how you would improve the situation.
|
Define microeconomics and macroeconomics
: Define Microeconomics and Macroeconomics. Explain the concepts of Demand and Supply? What does the equilibrium point mean? Define recession and a depression. How do we evaluate economic performance in the US?
|
Major hmis enterprise software
: What are some of the major HMIS enterprise software? Discuss the need for a data sharing culture in implementing the various HMIS enterprise software
|