Parcial 3 Flashcards
¿What is Earned Value?
progress is measured by how much of the project value (its cost) you’ve EARNED so far
¿Who is interested in EV?
Project Costumers
Project sponsors
Project Stake-holders
¿What Earned value tells you?
How much of the project cost you have earned
Which are the requirements for earned value analysis?
Setting up a base-line
Enter actual values as the project progresses
Establishing a status date
Which is the acronym of BCWS?
Budgeted Cost of work scheduled
Explain what is BCWS
The cost you expect to incur for the work scheduled through the status date
Which is the acronym of BCWP?
Budgeted cost of work performed
What represents BCWP
the base-line cost you’ve earned by completing work as of the status date
Which is the acronym of ACWP?
Actual cost of work performed
What is happening when more PV than EV
Less work is complete than you expected.
What is happening is more EV than PV
More work is complete than you expected
Earned value < actual cost
worked performed costed more than expected
Earned value > actual cost
worked performed costed less than expected
Mention the components of effective monitoring
Representative Perfomance Metrics Costs & Schedule Milestones Reporting Schedule Managemente Scheme Involvement of responsible and knowledgeable people Project Reviews Project Audits
Which is the most effective progress measurements?
Project Outputs
Goal: Meausres progresses towards completion
How do we measure outputs
Where possible, divide activities into stages – Define clear-cut milestones – Keep track of costs, labor, time on per-activity basis
Characteristics of Well Defined Milestone
Clearly Defined Entity
•Verifiable Parameters for Each Delivery Item
• Clear Relationship to Program Management Plan
• Well Defined Responsible Organization or Individual
What is the goal of CCM
Is to avoid project cracshing by planning for the variance inherent in each task duration
Main points of CCM
Dont waste safety time
Aggregate safety time into project and feeder buffers
Monitor the buffers to know when to control
Concentrate in the longest chain of dependent tasks or resources
Which is the critical chain definition
is the set of activities for which there is no slack after resource de-confliction
Cultural Keys to a succesful implementation
Evaluate your team as a unit
Management must hold up their end of the bargain
Need support from the top
All key team members must be trained and participate in putting together the schedule
Clear communicaction between the schedule keeper and team mebers
Which are the phases in monitoring using buffer method
OK- green
Watch and plan- yellow
Act- Red
For longer projects, we implement…
buffered schedule within each phase or stage.
What is SOW?
Sample Statement of Work
What is Goal?
Is to detect and correct deviation from desired budget, schedule and quality
Detection is :
Monitoring
Correction is :
Control
Wich is harder
Monitoring or control
Control
What does control do?
Bring projects performance back in line with plans
What is monitoring?
Is the set of procedures and management practices used to collect information about the performance achieved to help the organization
What is Performance Analysis?
The process of determining performance variances based on monitored or forecasted performance.
What is the purpose of project control
To adjust the project to achieve the goals
To analyze the causes of the problems
To implemente changes that project need
How project control is distinguished from project planning?
yields a set of redesigns, decisions, and actions, whereas project planning yields a design, and 2) project control is a real time process during the implementation, not before the implementation begins.
Why is important a Feedback system?
Because they are many factors that can change the conditions of the project, in which, even with slack, the project could be delayed.
Why is important scheduling in monitoring?
Because without schedule it doesnt exists nothing to compare the progress
And why is important to update the schedule?
Because the activities are changing and you have to see the new things. Costs durations Resources Also a new critical Path
Before you can see how the project is doing and make corrections…
KNOW WHERE THE PROJECT STANDS, therefore you need to TRACK PROGRESS AS THE ACTIVITIES ARE BEING WORKED ON.
What is tracking progess?
Collect the data from your team and enter data into your PM software
Which are the ways to track progress
Quick and dirty
Detailed and time-consuming
Diferencia entre agile y dirección clásica
LA DIFERENCIA ESTRIBA EN QUE NO ATACAS TODAS LAS CARACTERISTICAS DEL PROYECTO EN SIMULTANEO…. DESCOMPONES EL PROYECTO EN ITERACIONES PEQUEÑAS a.k.a. “SPRINTS”
METODO DE CONTROL EMPIRICO
– Toma de decisiones basada en las observaciones REALES Y AL MOMENTO
