Cost and Schedule Control
Assignment 1:
You are managing a small project which includes building a boundary wall for a square plot. The wall is exactly the same on each of the four sides. Assumption: time and costs for each side will be same. Estimated duration of the project is 8 days to complete and the budget, including contingency reserves for risks is $12,000.
At the end of 4 days, you need to report the progress of the project. Are asked to prepare ayou decide to use the Earned Value calculation in order to determine the health of the project. The team reports that end of day 4, total costs incurred are $5,500. And 30% of the project is completed.
Calculate
SV, CV, SPI, CPI. What do these indicate about the status of the project? Interpret your results in terms of schedule and cost progress.
Suggest one best action corrective (if applicable) and justify your recommendations.
QUALITY ASSURANCE AND AUDIT
Assignment 2:
Refer to the Self Assessment form on Quality Assurance and Audit, Chapter 1 Slide no. 11, Category4 Measurement, Analysis and Knowledge Management.
For each of the points from 4a to 4f, if you have marked Strongly Agree / Agree discuss the existing process within your organization to explain how it is done.
E.g. for 4a Discuss how exactly is the quality of your work measured. Write down the Key Performance Indicators used.
If you have marked Neither Agree nor disagree / Disagree / Strongly Disagree, suggest how the same could be achieved.
e.g. for 4a Discuss how exactly you think the quality of your work can be measured. Write down the Key Performance Indicators which you can use.
This needs to be done for all points from 4a to 4f.
Attachment:- Activity.rar