Reference no: EM133741825

Assignment: eStablishing Several Performance Measures

Background

As a project manager, it is important to understand the need for clearly defined metrics to measure the performance of the project. The project team collects data related to these performance measures during project execution to determine how the project is performing and to take corrective action if necessary. In your reading, you learned that predictive (traditional) project management approaches measure the performance of the project differently than adaptive project management approaches. An Agile project management approach to measuring project performance looks at value-based measurements rather than predictive measurements. The tools and techniques can be quite different as well. It is possible to implement EVM in an agile environment using only three basic parameters: backlog, velocity per completed iteration, and cost. For most projects, the concept of release can help define scope and estimate the PV.

Prompt

Once you have read the assigned reading, respond to the following questions as they relate to your group project:

A. Why is measuring project performance different in a traditional project management approach versus an adaptive project management approach?

B. What project performance measurement tools and techniques are common to (a) a traditional project management approach, and (b) an adaptive project management approach?

C. What performance measures did your team establish for your group project to measure project performance, and why?

D. What performance reporting tools would you use to report project performance to your project sponsor? Suggest how you would use at least two tools/reports and why it would be important to report this information.