Description
Monitoring and Control
Once you've moved into Execution, the team takes over the heavy lifting. Now the project manager has to assess if the project is tracking and if course corrections are required. You need to be able to control scope, time, cost, and quality. Differences between the plan and where you find yourself are called variances (positive or negative). It's important to understand the source of variance.
- Read Schwalbe, Chapter 8, Monitoring and Controlling Projects. Pay particular attention to Figure 8-1 regarding the activities in each of the Knowledge Areas, as well as the topic of Earned Value Management.
- Submit a response to Discussion Question 2 on p. 334.
Review the LinkedIn Learning course, Project Management Foundations, section 8 on Monitoring and Controlling Progress and Performance.
Watch
.Earned Value Management is one of the rapidly growing methods of monitoring and controlling projects. Watch the 3 LinkedIn Learning videos:
Earned Value Formulas, Part 1 from the course: Cert Prep: Project Management Professional (PMP)®
Earned Value Formulas, Part 2 from the course: Cert Prep: Project Management Professional (PMP)®
Earned Value Formulas, Part 3 from the course: Cert Prep: Project Management Professional (PMP)®
Since these are only videos, there is NO certificate to submit.
Submit your response to Discussion Question 2 on p. 334 in Schwalbe.
Explanation & Answer
Hi! Kindly find the attached document.
Running head: DISCUSSION QUERY
1
Discussion Query
Name of Student
Institution Affiliation
DISCUSSION QUERY
2
Discussion Query
Earned value management (EVM) refers to a managerial tool for the assessment of
project performance based on the set budget and schedule (Guide, 2001). Thus, it can be held
that EVM helps in monitoring the project’s performance and forecast future schedule and cost
information through the concept of comparing the actual and planned...
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