The following builds on the project scenario given in Unit 1: .
Jim, the sponsor, wants to make sure your project schedule is accurate, the project does not bring big surprises that are not planned for, and he can be sure that what is needed gets accomplished. Your presentation to the project staff on schedule options was highly appraised. However, having reviewed waterfall and agile options and the project time estimates, Jim is now concerned about the project schedule and would like to see whether each schedule option can be shortened. Review your project schedule for both waterfall and agile options and the activity durations and estimates, and perform schedule compression techniques, such as the following:
Crashing
Fast-tracking
Scope reduction
In your write-up, be sure to advise Jim on whether or not your review techniques resulted in the shortening of the project duration and provide your recommendations (waterfall versus agile) for the project schedule.
Assignment Guidelines
The following are the instructions for this Individual Project:
In 7501,000 words, address the following:
Explain how each of the above project management elements or concepts affect the scheduling of a project.
Explain how the above project management performance measurements or concepts affect a project managers ability to make project and segment trade-offs.
Submit your updated MS Project files and your recommendations.
Using your course materials, the textbook, the Library, and quality academic resources, research the following:
The value of the critical path method (CPM)
The value of schedule compression techniques
Risk matrices
The value of earned value management (EVM)
The value of burndown charts
Then, write a memo to Jim assuring him of how you have reviewed ways to shorten the schedule and how all of these things are controlled. Explain the value of the following:
Critical path
Schedule compression techniques
Risk matrices
Burndown charts
Earned value management