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PMGT T8 & T9 (T9: Project progress and evaluation (Ch13) (Earned value…
PMGT T8 & T9
T9: Project progress and evaluation (Ch13)
Monitoring time performance
Tracking Gantt chart (p.462)
Control chart (p.463)
Milestone schedule (p.463)
Earned value cost/schedule system
Earned value (p.464)
Glossary of terms (p.466)
SV = Schedule Variance = EV - PV (in dollars)
BAC = Budgeted (cost) At Completion
CV = Cost Variance = EV - AC
EAC = Estimated (cost) At Completion
AC = Actual Cost (cumulative)
ETC = Estimated (cost) To Complete (remaining work)
PV = Planned Value (time-phased budget)
VAC = (Cost) Variance At Completion
EV = Earned Value (cumulative)
CPI = Cost performance index (p.476)
SPI = Schedule performance index (p.476)
PCIB = Percent Complete Index Budgeted (costs) (p.477)
PCIC = Percent Complete Index (actual) Costs (p.477)
MRI = Management Reserve Index (p.477)
Five steps to an integrated cost/schedule system (p.466)
Methods of variance analysis (p.468)
Cumulative cost graphs (p.469)
Percent complete rule (p.467)
Control process (p.461)
Step 1: Setting a baseline plan (p.461)
Step 2: Measuring progress and performance (p.461)
Step 3: Compare plan to actual (p.462)
Step 4: Taking action (p.462)
Reporting
Monitoring indexes (p.475)
Performance indexes (p.476)
Schedule performance index: SPI = EV/PV
Cost performance index: CPI = EV/AC
Completion indexes (p.477)
Percent complete index budgeted costs: PCIB = EV/BAC
Percent complete index actual costs: PCIC = AC/EAC
Management Reserve index: MRI = CV/MR
Additional EV rules (p.478)
0/100 rule
50/50 rule
Percent complete with weighted monitoring gates
Worked example (p.470)
Baseline development (p.470)
Status report development (p.471)
Periodised status report table (p.472)
Periodised status report graph (p.473)
Tracking Gantt chart (p.474
Project rollup end period … (p.475)
Information system (p.460)
Collection and analysis (p.460)
Reporting - example format (p.461)
What data? (p.460)
Forecasting final project cost (p.479)
Revised: EACre = AC + ETCre
Forecast: EACf = ETC + AC
TCPI (p.480)
Example monthly status report (p.481)
Other issues
Scope creep (p.483)
Baseline changes (p.483)
Data acquisition (p.485)
Technical performance measurement (quality control) (p.481)
Communication (p.485) - example plan (p.486)
T8: Project teams (Ch11)
Team pitfalls (p.403)
Groupthink
Illusion of invulnerability
Whitewash of critical thinking
Negative stereotypes of outsiders
Direct pressure on disenters
Bureaucratic bypass syndrome
Team spirit turns to team infatuation
Going native
Nominal group technique (NGT) (p.405)
Virtual project teams (p.399)
Challenges
Maintaining effective communication
Establishing trust
Example 24hr team spreadsheet (p.401)
Tips and guidelines (p.402)
Building high-performance teams
Recruiting (p.381)
Volunteers?
Chosen?
Assigned?
Meetings (p.383)
FIRST meeting importance
Aspects to cover (p.384)
Subsequent meeting guide (p.386)
Establishing norms (p.385)
Team identity (p.387)
Shared vision (p.389)
The rallying cry
Four must haves/dos (p.390)
Strategic sense
Passion
Communicate
Inspire others
Reward system (p.391)
Recommend group rewards
Individual rewards only in extreme cases
Tangible rewards rather than cash
Decision-making
Generate alternatives (p.394)
Brainstorming
'piggy-backing'
Merging ideas
Reaching the decision (p.394)
Consensus building - not 100% agreement but 100% commitment
Review objectives and constraints for guidance
Problem identification (p.393)
Present the problem NOT possible solutions
Identify the gap ee current state and desired state
Follow-up (p.394)
Conflict (p.394)
Encourage functional conflict (p.396)
Manage dysfunctional conflict (p.397)
Arbitrate
Control
Accept
Mediate
Elimninate
Rejuvenation (p.398)
Team development (p.375)
Punctuated equilibrium model (alternative research to five-stage model) (p.380)
Five-stage model (p.378)
Norming
Performing
Storming
Forming
Adjourning
Nine situational factors that support ideal team development (p.379)
Positive and negative synergy (p.375)