Harrisburg S Curves Analytical Tools to Measure Projects Progress Stages Discussion

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1arrquryc

Business Finance

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Internet Exercise 13.27 or 13.28 on Page 487. The questions are provided below (I updated the link for the second one):

13.27: Go to www.brighthubpm.com/monitoring-projects/51982-understanding-the-s-curve-theory-for-project-management-monitoring/ and read the article on the multiple uses of project S-curves. What does the article suggest about the use of different S-curves and analysis methods?

13.28: Go to http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.644.7422&rep=rep1&type=pdf and access the article by Q. W. Flemingand J. M. Koppelman. From your reading, summarize the 10key steps in EVM and the advantages the authors argue earned value offers for project control and evaluation.


Pinto, J.K. (2019). Project management: Achieving competitive advantage. (5th Ed). Boston: Pearson

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Explanation & Answer

Attached. Please let me know if you have any questions or need revisions.

Project Management Outline
Question One
Importance of S-Curve.
S-curves are analytical tools used to measure the progress stages of a project. The S-Curves
analysis helps create an understanding of the importance of checking the progress of a particular
project.

Question Two
The following summarizes the ten critical steps of Earned Value Management:
Step 1: Definition of the project scope
The project scope outlines the deliverables and objectives of the project (Fleming & Koppelman,
2006). The scope illustrates the projected work and the total cost that the project will incur. A
breakdown of work help in the inspection of the stages of the project.

References
Fleming, Q., & Koppelman, J. (2006). Start with “Simple” Earned Value on all your
projects. The Measurable News, 9-14.

http://www.brighthubpm.com/monitoring-projects/51982-understanding-the-s-curve-theory-forproject-management-monitoring/


Running head: PROJECT MANAGEMENT

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Project Management

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Institutional Affiliation

Date

PROJECT MANAGEMENT

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Question One
Importance of S-Curve.

S-curves are analytical tools used to measure the progress stages of a project. The SCurves analysis helps create an understanding of the importance of checking the progress of a
particular project. The S-Curves help compare the projected cost and duration of a project
against its actual time and cost to complete the project. Monitoring the different stages helps to
adjust the budget. The proposed cost, time, and man-hour are the baseline data used for the
comparisons. The S-Curves represent how the resources have been utilized over the project
period and adjust the budgeted resources.
S-Curves Analysis
Standard S-Curve
The standard S-Curve is the baseline curve against which comparison is made with other
curves. The curve represents the projected man-hour, cost, and time required to complete a
project.
The Target S-Curve
The Target S-curve is a modification of the baseline curve representing the adjustments
made in the project life cycle. The curve represents new standards created to represent new
metrics. The values used for the curve are referred to as target values to differentiate them from
the baseline values. As the project goes on, the target values check the project's continuing
progress. The Target Curve plotting against the baseline curve gives different interpretations
depending on whether the curve is above or below the baseline curve.


An increase in scope while duration remaining fixed implies that the project is likely to
be completed beyond the proposed date resulting from projecting spillage.

PROJECT MANAGEMENT


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An increase in scope with fixed baseline costs indicates that the project is likely to be
completed beyond ...


Anonymous
I was struggling with this subject, and this helped me a ton!

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