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Solar Power on the Rise

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INSTRUCTOR’S RESOURCE MANUAL

CHAPTER THIRTEEN

Project Evaluation and Control

To Accompany

PROJECT MANAGEMENT:

Achieving Competitive Advantage

By

Jeffrey K. Pinto

CHAPTER 13

PROJECT PROFILE: Solar Power on the Rise

Introduction

13.1 CONTROL CYCLES – A GENERAL MODEL

13.2 MONITORING PROJECT PERFORMANCE

        Project S-Curves

        Milestone Analysis

Gantt Charts

13.3 EARNED VALUE MANAGEMENT

        Creating Project Baselines

        Why Bother with Earned Value?

        Terminology for Earned Value

Conducting an Earned Value Analysis

13.4 USING EARNED VALUE TO MANAGE A PORTFOLIO OF PROJECTS

PROJECT PROFILE: Earned Value at Northrop-Grumman

13.5 ISSUES IN THE EFFECTIVE USE OF EARNED VALUE ANALYSIS

13.6 HUMAN FACTORS IN PROJECT EVALUATION AND CONTROL

Critical Success Factor Definitions

Summary

Key Terms

Solved Problems

Discussion Questions

Problems

Case 13.1 – The IT Department at Kimble College

Case 13.2 – The Superconducting Supercollider

Internet Exercises

MSProject Exercises

PMP Certification Sample Questions

Bibliography


TRANSPARENCIES

13.1 A GENERAL MODEL OF THE PROJECT CONTROL CYCLE

The Project Control Cycle

[pic 1]


13.2 – BUDGETED COSTS FOR SAMPLE PROJECT

                                        Duration (in weeks)

                5        10        15        20        25        30        35        40        45        Total

[pic 2][pic 3]

Design                6        2

Engineer                4        8        8        8

Install                                        4        20        6

Test                                                        2        6        4        2

Total                6        6        8        12        28        8        6        4        2

Cumul.                6        12        20        32        60        68        74        78        80        80


13.3  PROJECT S-CURVE

Cumulative Cost

($ in thousands)[pic 4]

        80[pic 5][pic 6]

[pic 7][pic 8][pic 9]

        

        60[pic 10][pic 11]

        

[pic 12][pic 13]

        

        40[pic 14]

        [pic 15][pic 16]

        20[pic 17][pic 18]

[pic 19]

        [pic 20][pic 21]

[pic 22][pic 23][pic 24][pic 25][pic 26][pic 27][pic 28][pic 29][pic 30][pic 31]

                        5        10        15        20        25        30        35        40        45

                                        Elapsed Time (in weeks)


  1. PROJECT S-CURVE SHOWING NEGATIVE VARIANCE

Cumulative Cost

($ in thousands)[pic 32]

        80[pic 33][pic 34]

[pic 35][pic 36][pic 37]

        

        60[pic 38][pic 39]

        

[pic 40][pic 41][pic 42][pic 43]

                                                                $10,000 Negative Var.

        40                                                                [pic 44][pic 45][pic 46]

        [pic 47][pic 48]

[pic 49]

        20                                                                        [pic 50][pic 51][pic 52]

[pic 53]

        [pic 54][pic 55][pic 56]

[pic 57][pic 58][pic 59][pic 60][pic 61][pic 62][pic 63][pic 64][pic 65][pic 66][pic 67]

                        5        10        15        20        25        30        35        40        45

                                        Elapsed Time (in weeks)

           Cumulative Budgeted Cost[pic 68]

           Cumulative Actual Cost[pic 69]


  1. GANTT CHART WITH MILESTONES

[pic 70]

Microsoft product screen shot(s) reprinted with permission from Microsoft Corporation.


  1. TRACKING GANTT WITH PROJECT ACTIVITY DEVIATION

[pic 71]

Microsoft product screen shot(s) reprinted with permission from Microsoft Corporation.

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