BUS 1040 Project Management
Wk 14 Continuing with exam review
We
all came on different ships but we are in the same boat now.
Martin
Luther King Jr.
Agenda
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Review of policy re: marks posted on Web CT.
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There will not be any corrections after this
Week to Weekly posted marks.
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Exam 15 minute settling in period after start of
Class time
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Start Exam .
Exam Review
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I will post additional key points to study
throughout the week.
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I am marking all week but will post one
PowerPoint per day starting April 7.
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I’ll start with another Earned Value sample
Status
Reports -
include
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Accomplishments
since last meeting
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Cost, schedule
and work scope
status and variances compared to the baseline
plan and the trends
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Potential
problems
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Corrective action
planned
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Other
opportunities for improvement
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Action assigned
and to whom.
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If actions
assigned previously were not completed and why not
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Milestones
to be reached before next meeting.
Status
Reports – re: layout
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Specify date of
report and reporting period
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Specify to whom
report is for re: level of reporting detail (Executive vs. Team Member)
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Set up a colour code for overall Status
Red
is project in trouble etc.
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Name of specific
persons related to completion of specific tasks assigned
e.g Task. Due. Status. Owner.
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Change requests.
Tracking #, Description, Impact
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General project
data: Completion date, $, Team,
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Client
representative and contact info.
Schedule and Cost variance.
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A total budget amount will be given.
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The value of budgeted amount for a cumulative
period will be given
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Compare the value of what is done compared to
the cumulative budgeted amount. Calculate the variance.
Earned
Value
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Multiply the % of what has been done by the budgeted amount, this is
your Earned value.
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E.g. I had budgeted a $1000.
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I have completed 70% of the work that was
budgeted.
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The Earned value is $700
Communication
Matrix
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When you complete
your Communication Matrix make sure you include actual contact information –
what you would need to contact that person in the manner they have requested or
are available.
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E.G. Phone #, Fax
#, Email #, Chat Time and Server, Put it on the line with their name.
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And don’t forget
to note if a response is required to what they receive.
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Don’t put letters in the
boxes the way you do on a Responsibility Matrix. – write the details.
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I used the letter
on my PowerPoint as a short cut – they need a legend. Legends are usually
R= Repsonsible: S= Support; I= Inform.