Explain how three mitigation strategies could have a positive impact on the schedule and budget performance of the project team for the chosen case study in the “Mitigation Plan” section of the attached “Monitoring and Controlling Template.”

INstructions

In this task, you will practice monitoring and controlling for one project you select from one of two case studies. Please review the Competencies, Scenario, Requirements, Rubric listed below. Also, read both case studies and choose one for the project. Please use the template attached as a guideline for this assignment.

COMPETENCIES

320.1.1 : Project Management Tools
The graduate evaluates potential project management tools for alignment with specified project activities.
320.1.3 : Scheduling
The graduate creates project schedules that ensure timely project completion.
320.1.4 : Communicating with Stakeholders
The graduate creates project communication plans that ensure ongoing project information is appropriately disseminated to project stakeholders.
320.1.5 : Internal & External Risk Mitigation
The graduate develops mitigation plans that address internal and external risks within a project.
320.1.6 : Project Metrics
The graduate analyzes project data using appropriate metrics to forecast project outcome.
320.1.7 : Problem Solving
The graduate applies standard problem-solving techniques and strategies that facilitate resolution of problems that arise with in a project.
320.1.8 : Presenting to Stakeholders
The graduate develops presentation documents for internal and external stakeholders that communicate project assessment and recommendations for improvement.
SCENARIO

You are a project manager who is taking over a struggling project. Two projects are at risk of being cancelled by their clients due to a variety of issues. Read the attached “Case Study 5” and “Case Study 6,” and use one of the two case studies when monitoring and controlling a project.

REQUIREMENTS

Your submission must be your original work. No more than a combined total of 30% of the submission and no more than a 10% match to any one individual source can be directly quoted or closely paraphrased from sources, even if cited correctly. The originality report that is provided when you submit your task can be used as a guide.

You must use the rubric to direct the creation of your submission because it provides detailed criteria that will be used to evaluate your work. Each requirement below may be evaluated by more than one rubric aspect. The rubric aspect titles may contain hyperlinks to relevant portions of the course.

Complete the attached “Monitoring and Controlling Template” by doing the following:

A.  Document five new risks for the chosen case study is currently facing by completing the table in the “Risk Assessment” section of the attached “Monitoring and Controlling Template.” The risk assessment needs to include a risk description, the likelihood of the risk occurring, the impact of the risk, the person responsible for mitigating the risk, and a prevention and mitigation strategy for the risk.

B.  Create a Gantt chart showing the projected timeline and critical path for the chosen case study in the “Gantt Chart” section of the attached “Monitoring and Controlling Template.”

C.  Provide a completed “Earned Value Analysis” section and a completed “Earned Value Projections” section for the chosen case study in the attached “Monitoring and Controlling Template” by completing the tables in those sections and doing the following:

1.  Analyze the current schedule and budget performance of each project workgroup.
2.  Estimate the expected completion date and total cost of the project workgroups.
3.  Interpret the workgroup analysis and project schedule and cost estimates.

D.  Provide a completed “Burndown Chart” section for the chosen case study in the attached “Monitoring and Controlling Template” by doing the following:
1.  Create a burndown chart.
2.  Analyze the team’s overall progress in the “Discussion of Burndown Chart” section of the attached “Monitoring and Controlling Template,” using the burndown chart from part D1.

E.  Explain how three mitigation strategies could have a positive impact on the schedule and budget performance of the project team for the chosen case study in the “Mitigation Plan” section of the attached “Monitoring and Controlling Template.”

F.  Acknowledge sources, using in-text citations and references, for content that is quoted, paraphrased, or summarized.

G.  Demonstrate professional communication in the content and presentation of your submission.

RUBRIC Requirments
A:RISKS
COMPETENT
All of the 5 new risks the chosen case study is currently facing include a risk description, the likelihood of the risk occurring, the impact of the risk, the person responsible for mitigating the risk, and a prevention and mitigation strategy for the risk.

B:GANTT CHART
COMPETENT
The Gantt chart for the chosen case study completely and accurately shows the projected timeline and critical path.

C1:PROJECT WORKGROUP ANALYSIS
COMPETENT
The analysis of the current schedule and budget performance of each project workgroup for the chosen case study draws accurate conclusions about the current schedule and budget performance of all project workgroups.

C2:PROJECT TIME AND COST ESTIMATES
COMPETENT
The expected completion date and total cost of the project workgroups in the chosen case study are accurate.

C3:EARNED VALUE ANALYSIS SUMMARY
COMPETENT
The interpretation of the workgroup analysis and project schedule and cost estimates for the chosen case study is accurate.

D1:BURNDOWN CHART
COMPETENT
The burndown chart is accurately based on the chosen case study and is complete.

D2:PROJECT PROGRESS ANALYSIS
COMPETENT
The analysis of the team’s overall progress for the chosen case study is accurately based on the burndown chart from part D1.

E:MITIGATION STRATEGIES
COMPETENT
The explanation of 3 mitigation strategies provides specific support for how each of the strategies could have a positive impact on the schedule and budget performance of the project team in the chosen case study.

F: SOURCES
COMPETENT
The submission includes in-text citations for sources that are properly quoted, paraphrased, or summarized and a reference list that accurately identifies the author, date, title, and source location as available.

G: PROFESSIONAL COMMUNICATION
COMPETENT
Content reflects attention to detail, is organized, and focuses on the main ideas as prescribed in the task or chosen by the candidate. Terminology is pertinent, is used correctly, and effectively conveys the intended meaning. Mechanics, usage, and grammar promote accurate interpretation and understanding.

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