Description
Assignment 3: Project Performance
Due Week 8 and worth 150 points
Note: This is the third of four assignments which, as a whole, will cover all aspects of the project life cycle relevant to your selected project. Now, it is time for you to discuss your project’s risks and to develop a performance management plan for managing the project.
Write a five to seven (5-7) page paper in which you define the execution and control aspects of your chosen project. In your paper you must:
- Provide a brief summary of your chosen project.
- Identify and discuss your project’s greatest risks (at least three [3]) and provide a recommendation for addressing each of the risks.
- Examine how you will manage your project performance via earned value management. Identify at least three (3) key EVM metrics you will use for your project.
- Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
- This course requires use of Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.
The specific course learning outcomes associated with this assignment are:
- Analyze project management processes for scheduling and sequencing work components.
- Appraise the process of determining the cost and relevant budget required for a project component.
- Evaluate systems for cost tracking and budget monitoring.
Click here to view the grading rubric for this assignment.
Explanation & Answer
Attached.
Running head: PROJECT PERFORMANCE
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Project Performance
Student’s Name
Professor’s Name
Course Title
Date
PROJECT PERFORMANCE
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Project Performance
Project performance of an in-progress project is an essential role to determine whether the
whole project is either an asset or a liability. It encompasses an evaluation of cost, time, and scope
of the project using key performance indicators that indicate the degree of successes and failures
(Kerzner, & Kerzner, 2017). This analysis gives room to take corrective actions and also increases
the chances of success. Performance indicators that accomplish insight alignment and decisionmaking are the most reliable. This essay delves into project performance within the hotel industry. It
focuses on project performance and objectives against budget estimates and schedule.
Summary of the Project
This project encompasses the installation of CCTV's and TV's in a new wing of a hotel with
two hundred rooms. Its success depends on the applicable hands-on practice of knowledge and skills
of IT personnel who installed the electronic devices. The project asses the functionality of TV’s that
were mounted in all rooms and CCTV’s that were fixed on all corridors. For instance, it determines
the safety levels of customers and the security of the hotel. An evaluation of changes that arise helps
to eliminate any weaknesses in the implementation phase to boost security surveillance at the hotel.
Furthermore, this project enhances the functioning of facilities of the hotel rooms. The management
and inspection exercise ensure that electronic devices function without errors and faults (Jabar &
Ismail, 2018).
Project’s Risks
Surveillance systems are modern revolutionary equipment of technology that represents a
two-edged sword. Security cameras and TV’s have gained immense popularity courtesy of the
plethora of benefits they offer, but just like other inventions, these systems have drawbacks that pose
substantial risks to their sustainability (Szwed, Skrzynski & Chmiel, 2016). Firstly, surveillance
cameras and TV’s are highly vulnerable to peekaboo hacks in this era of increased cybersecurity
PROJECT PERFORMANCE
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crimes. Hackers with m...
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