Business finance - management week assignment | Management homework help
- Strategic project management (PM 5.0)
Review the discussion of Metrics (15.3) and KPIs (15.5). · Where are metrics and KPIs more appropriate to use in managing a project? · What is one way that metrics and KPIs are similar? What is one way they are different? · What is one technique that can be used to determine which metrics to use? What is one technique that can be used to determine what KPI values should be used? Give an example from your research or personal experience where a project used metrics and KPIs. This can be a successful or unsuccessful project. Some metric examples: throughput performance time at the local drive-thru, airline flight on-time arrival percentage, number of new car defects in the first 30 days (JD Power measures it). Reference Kerzner, H. (2022). Project management: A systems approach to planning, scheduling, and controlling (13th ed.). Wiley & Sons.
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Week 4:
Kerzner (2022) defines earned value management (EVM) as a systematic process that uses earned value as the primary tool for integrating cost, schedule, technical performance management, and risk management. The EVM focuses on identifying and resolving issues before they become a problem. Read through the Franklin Electronics Case Study on p 643 of Project Management: A Systems Approach to Planning, Scheduling, and Controlling. Answer the following questions with support from additional resources. Cite your sources according to APA guidelines.
Respond to the following in a minimum of 175 words:
· What additional information should have been included in the status report? · Does Franklin Electronics understand earned value measurement? Why? If not, what went wrong? · Does proper earned value measurement serve as a replacement for interchange meetings? Why or why not? Reference Kerzner, H. (2022). Project management: A systems approach to planning, scheduling, and controlling (13th ed.). Wiley & Sons.
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Week 5:
Business value is a way for project managers to realize their contribution. It is important for project managers to understand how project success relates to the overall health of their organization through business value. Project managers need to see how their efforts contribute to the business’ bottom line.
Respond to the following in a minimum of 175 words:
· What are two elements of a project process that can be used by a project manager to improve business value? Describe how you would apply these processes in a project management situation of your own.
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Week 6:
Individuals and groups can learn a lot from their successes and failures. Many organizations document their lessons learned to help with project management of future projects. These lessons can be derived from reflections, meetings, interviews, or documentation. Review materials from the course. Treat this course as a project. Reflect on the past few weeks and identify your personal lessons learned in your coursework.
Respond to the following in a minimum of 175 words:
· What are some best practices you feel others should know? · Looking back, how would you measure success in this course? ·
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