Assumptions Associated with Statistical Methods for Forecasting Estimate at Completion (EAC)

 

The PMBOK talks about the PMs official Estimate at Completion (EAC), which is determined by performing a detailed bottom-up estimate of the remaining work and adding costs incurred to-date. In the reading this week, several statistical methods of forecasting EAC were discussed. What assumptions are associated with each statistical method?

 

 

Analyzing Project Performance Metrics and Variances

Suppose you have a project consisting of three activities. Midway through the project you collect the following information:

Activity PV EV AC
1 30 40 35
2 20 15 15
3 10 10 15

What is the project-level Schedule Variance (SV) and Cost Variance (CV)? What is the project-level Schedule Performance Index (SPI) and Cost Performance Index (CPI)?
Under what conditions would a positive variance and a performance index less than 1.0 occur simultaneously?

 

 

Implementing Corrective Action in Agile Environments

 

Describe any performance thresholds used by your organization to signal when corrective action is required to get a project back on track. If no thresholds are used, describe how your organization determines when to apply corrective action. In this context, use the PMI definition of corrective action – an intentional activity that realigns the performance of the project work with the project management plan.

Option: If you work in an agile environment, describe when, in the process, corrective action is identified and how the effects of corrective action are assessed.

 

 

Embracing Change: Overcoming Resistance through Kotter’s Theory

Read Chapter 10: Organizational Design and Change. Change is everywhere, yet very few people seem to embrace the concept. We are, for the most part, creatures of habit and follow daily routines. When change occurs, our activities and thought patterns are disrupted. For this assignment, you will write a paper analyzing the internal and external factors contributing to an individuals resistance to change.

In your paper,

Describe a situation where you or someone you know was resistant to change as identified in one of the following areas:
Self-interest
Lack of understanding
Lack of trust in management
Differing assessments of the need for change
Low tolerance for change
Explain whether the resistance to change was caused by an internal or external factor.

Provide a plan for overcoming that resistance using Kotters theory for change.
Describe how the plan will be enacted and you will know that the plan has worked.

 

 

 

 

Organizational Behavior for managers seeking to navigate the intricacies of human behavior in the workplace

 

Create a transcript that reads about 3-5 minutes long answering these two points: OB helps managers explain, predict, and influence behavior in the workplace. Identify the types of behavior you are most interested in explaining, understanding, and predicting in the workplace.

Analysis of FedEx Corporation: A Case Study in Operations Management

Scenario
You have been selected as a guest speaker at the local community college in their Operations Management class. To help you prepare, you will be writing an Analysis on a Fortune 500 company for the upcoming class.

Instructions
Select a Fortune 500 company from the Logistics industry to create an Analysis. In your presentation, do the following:
Evaluate how the company uses value chain management.
Explain how the global business environment competitive forces affects the company’s operational success.
Analyze the company’s primary and support operations management functions impact on organizational performance.
Evaluate the effect of supply chain strategies and economic factors on the company’s profitability and sustainability financial practices.
Discuss how the company has developed a differentiation strategy on workflow across the value chain or the organization.
Summarize your findings and highlight some best practices.
Provide attribution for credible sources (minimum of 3 scholarly sources).

Analyzing the Supply Chain of Product X: A Comprehensive Overview

 

Select a product for a company you are familiar with.

Create a diagram of the supply chain plan for the product selected using one of the following tools:
• Excel
• PowerPoint
• Visio
• PictoGram
• PDF
• Other faculty-approved platform

The supply chain diagram should include all suppliers, distributors, manufacturers, distributors, retailers, and customers and other participants as may be required.

Write an 875-word analysis of the supply chain. Include the following:
• Supply Chain diagram (Figure 11.1).
• Value chain*
• flow of structure*
• Inputs*
• Outputs*,
• customer service structure (Chapter 16)
• Inventory points (Chapter 10)
• forecasting (Chapter 10 & 15)
• Sourcing activities*
• Risks*
• Locations*
• Logistics*