Assignment: Project Managment And Financial Assessment
The CIO wants to make sure that your project schedule is accurate, that the project does not bring big surprises that are not planned for, and that he can be sure that what is needed gets accomplished. Your presentation to the project staff on the PERT techniques was highly appraised. However, having reviewed your WBS and the project time estimates, the CIO is now concerned about the project schedule and would like to see if the schedule can be shortened. Review your project WBS and activity durations and estimates and perform schedule compression techniques such as crashing, fast-tracking, and scope reduction. Then, write a memo to him assuring him of how you have reviewed ways to shorten the schedule and how all these things are controlled; explain the value of PERT estimating, critical path, schedule compression techniques, risk matrices, and earned value management. In your write-up be sure to advise the CIO whether or not your review techniques resulted in shortening the project duration, and indicate whether or not this will affect the overall project cost and quality.
Assignment Guidelines:
• Using your course materials, the textbook, the library, and the academic quality resources, research the following:
o The value of Program Evaluation and Review Technique (PERT) estimating
o The value of Critical Path Method (CPM)
o The value of schedule compression techniques
o Risk matrices
o The value of Earned Value Management (EVM)
• In 750-1,000 words, address the following:
o Explain how each of the above project management elements or concepts affect the scheduling and controlling of a project.
o Explain how the above project management elements or concepts affect a project manager's ability to make project and segment trade-offs.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.