Identify the top three risks based on the evm pmi principles

Assignment Help Project Management

Reference no: EM133915550

Assignment:

Create a detailed project management plan from the perspective of the project manager of the Denver, CO, VA hospital using the components that you have drafted throughout this course. Finetune these components and ensure your project management plan includes the following elements:

1. Introduction

2. At the 20 percent point of completion for the Denver, CO, Veterans Administration (VA) hospital project with total budgeted funds of $2,000,000, the total costs to date for the project are $600,000. Given the following information, determine:

Earned value
Schedule performance index (SPI)
Cost performance index (CPI)
Forecasted range of final project results

Based on the risk thresholds in Hillson and Simon (2020, Figure 4-8), determine where the cost and performance factors of this project are using the example probability-impact scales. Include a probability-impact scale table.

3. A WBS down to the third level (work package) and an RBS to identify the top three risks based on the EVM PMI principles. Describe your analysis to create the WBS and RBS.

4. Detail the SV and CV associated with the project. The planned value or budgeted cost for work scheduled is $2,000,000. The earned value or budgeted cost for work performed is $2,000,000. Actual cost or actual cost of work performed is $3,000,000. Explain the relationship of the SV and CV to the critical path of this project based on the information provided.

5. The analysis of the estimates at completion (EACs) for the project using EVM standards. The earned value or budgeted cost for work performed (cumulative) is $2,000,000. The actual cost or actual cost of work performed (cumulative) is $3,000,000. The budget at completion (BAC) is $4,000,000. The project is 20 percent complete.

6. Overall analysis of the project based on EVM and the risk management plan for the project's top three risks

7. Conclusion and recommendation

Reference no: EM133915550

Questions Cloud

Explain the process to create a participative safety culture : Explain the process to create a participative safety culture. Come up with your own scenario to use for this Essay.

How venue can continue to grow-maintain relevance in future : Your perception of how the venue can continue to grow and maintain relevance in the future.

Should managers automatically be at the top of the pay scale : Why is this a problem? Should managers automatically be at the top of the pay scale?

What should consider for my ex manager doing differently : What should consider for my ex manager doing differently??

Identify the top three risks based on the evm pmi principles : A WBS down to the third level (work package) and an RBS to identify the top three risks based on the EVM PMI principles.

How pm might trade off one of primary objectives for another : How the PM might trade off one of the primary objectives for another. What type of life cycle would you envision the machine installation work would follow?

How public sector employees can navigate ethical dilemmas : How public sector employees can navigate ethical dilemmas in situations where legal compliance does not necessarily align with ethical decision-making.

How can project managers effectively engage stakeholders : How can a project manager apply these values in a situation where organizational culture or stakeholder demand might conflict with ethical standards?

What strategies could foster collaboration-problem-solving : What strategies could foster collaboration, problem-solving, and a sense of ownership among teachers?

User Account

All Pages