Explain why earned value management (EVM) is not widely used in cost control and project success monitoring, and provide some speculation as to why this is the case. Following a few basic guidelines, it is possible to calculate a positive or negative cost performance index (CPI) or a schedule p
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Explain why earned value management (EVM) is not widely used in cost control and project success monitoring, and provide some speculation as to why this is the case. Following a few basic guidelines, it is possible to calculate a positive or negative cost performance index (CPI) or a
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- Give an explanation of how earned value management (EVM) may be used to keep expenses under control and monitor the overall effectiveness of a project, and then hypothesise as to why it is not utilised more often. How can one determine if the data for cost variation, schedule variance, cost performance index, and schedule performance index are healthy or unhealthy? What are some basic rules of thumb?Describe project quality management (PQM) for IT projects in terms of planning for quality, quality assurance, and quality control to continuously improve the project’s products and supporting processes. Please provide specific examples.Healthcare providers manage a large variety of activities such as hospital facility management, emergency room conditions, and patient care. They monitor activities such as lab turnaround time, time-to-healthcare service, ER waiting times, and average length of stay. What are these important activities they are monitoring called? O key performance indicators (KPI) key developmental indicators (KDI) progress performance keys (PPK)
- Montgomery Healthcare System is a health system that has 14 hospitals and 32 outpatient clinics. The leader is responsible for working with a team of health professionals to improve clinical errors, compile reports, implement evidence based management practices, and collaborate to provide training to health professionals at all levels. The leader is working with an interdisciplinary team of various specialties, backgrounds, and personalities. This is a high visibility project as the CEO wants weekly reports on progress based on the outcomes. Unfortunately there are a few team members that do not get along and it is challenging to get these professionals to work together to achieve the goals defined. Please remember to write from a 3rd person perspective and use references to support ideas, assumptions, and answers for this analysis. Thank you! Please write a paper describing the following: Who's on the team? Define team roles? What is the actual interpersonal conflict? How…Compare and contrast the three common CPM methods (e.g., single time estimate, three activity time estimates, and time-cost modeling). Which is the most useful? Why?Create a minimum cost chase plan for the forecast shown in the table. There is no beginning inventory and regular production capacity is 350 units and costs $8 per unit. Overtime costs $19 and is limited to 50 units per month and subcontracting is limited to 100 units per month and costs $14 per unit. What is the total plan cost? Hint: In a chase production plan, production is changed each time period to match the demand. Use regular production, overtime, and subcontracting to create the plan. Month Forecast Regular Overtime Subcontracting January 250 February 400 March 500 April 350
- In the context of businesses, a disaster or crisis is when the normal operation of the business isdisrupted due to an incident depending on its severities. It is very important for organisations todevelop Business Recovery Planning to prepare their business during an emergency or disaster.With a suitable example of a crisis, explain the principle of the Business Recovery Programme.Discuss the goal of Business Recovery Planning and the general steps to develop that planning.Describe the importance of conducting a risk assessment in the context of continuity planning.Explain the concept of a recovery time objective (RTO) and recovery point objective (RPO) in the context of continuity planning. How do these metrics influence the planning process?
- Describe the many ways in which putting an ERM plan into action will result in a rise in the amount of support that an organization gets from both internal and external stakeholders.Explain when you think a baseline should be updated and why.The key to effective cost control is to analyse cost performance on a regular and timely basis. In light of the statement above, discuss the involvement of cost control in managing a budget in a project.