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Time & Cost Practices: Performance Reporting - Overview and Rationale

Time & Cost Practices: Performance Reporting

Overview and Rationale

After completing the Lesson 6 MsProject Assignment, complete the following report. You will use the Earned Value data you created as part of the MsProject assignment to write this report. A template is attached for your use.

Program and Course Outcomes

This assignment is directly linked to the following key learning outcomes from the course syllabus:

In addition to these key learning outcomes, you will also have the opportunity to evidence the following skills through completing this assignment:

Essential Components & Instructions

This assignment will require you to create a document with the following sections:

Executive Summary:
(Summarize the finding of your report briefly (1 or 2 paragraphs); this should include the major finding of your report, as well as, your recommendations. It should be concise and direct.)

Current Status of Project:
(In this section, you want to provide details regarding the current status. Tell whether or not the project is on or behind schedule, over or under budget. If there are variances, tell why they exist. What has gone wrong? What is going right? Provide the EVM data here, including CV, CPI, SV, & SPI. Explain what these values mean. Provide a brief analysis of what has happened in the project so that the reader understands why the variances exist, specifically.)

Forecast Future Performance:
(Based on the analysis, where is this project heading? Provide a forecast of future performance using EVM. What is the EAC and ETC for this project? Be sure to explain what these numbers mean in understandable terms.)

Recommendations:
(Because this is a sample project file, you have limited information, but based on your analysis, tell us what areas of the project are of concern. Is cost or time a concern in these areas? Does the scope need be considered? What are some possible solutions for cost and schedule related problems that might be applicable?)

Supporting Data:
(If relevant to your calculations and analysis, provide supporting data in the final section of the report as an appendix.)

Format

Below are some key guidelines you will want to ensure you follow in this assignment. Think of this short list as a quality control checklist, along with the attached grading rubric.

     Document should professionally formatted using titles, headers, and bullets where appropriate.

     A template has been provided for your use.

     You must include a title page and cite any outside sources using a works cited page according to APA 6th edition guidelines

     Submission is free of grammatical errors and misspellings

Please be sure to review the attached rubric. It along with these assignment instructions will ensure you have a solid understanding of the assignment requirements.

Rubric(s)

Assessment Element Above Standards Meets Standards Approaching Standards Below Standards Not Evident
Executive Summary
(20%)
 
Goes WELL above requirements of the assignment to integrate all required items to provide a comprehensive executive summary. Meets the requirements of the assignment to integrate all required items to provide a comprehensive executive summary. Includes most of the requirements of the assignment to integrate all required items to provide a comprehensive executive summary. Missing some of the requirements of the assignment to integrate all required items to provide a comprehensive executive summary. Excludes most of the required components as stated in the assignment instructions
Current Status
(20%)
Goes WELL above requirements of the assignment to integrate all required items to provide a comprehensive current status. Meets the requirements of the assignment to integrate all required items to provide a comprehensive current status. Includes most of the requirements of the assignment to integrate all required items to provide a comprehensive current status. Missing some of the required components as stated in the assignment instructions Excludes most of the required components as stated in the assignment instructions
Forecast Future performance
(20%)
Goes WELL above requirements of the assignment to integrate all required items to provide a comprehensive forecast future performance. Meets the requirements of the assignment to integrate all required items to provide a comprehensive forecast future performance. Includes most of the requirements of the assignment to integrate all required items to provide a comprehensive forecast future performance. Missing some of the required components as stated in the assignment instructions Excludes most of the required components as stated in the assignment instructions
Recommendations
(20%)
Goes WELL above requirements of the assignment to integrate all required items to provide comprehensive recommendations. Meets the requirements requirements of the assignment to integrate all required items to provide comprehensive recommendations. Includes most of the requirements of the assignment to integrate all required items to provide comprehensive recommendations. Missing some of the required components as stated in the assignment instructions Excludes most of the required components as stated in the assignment instructions
Clarity/Writing (20%) Expresses ideas and opinions in a clear and concise manner with obvious connection to the assignment Uses clear language to accurately express abstract ideas and explain concepts Minor errors in writing and lack of clarity and accuracy Many errors in writing and lack of clarity and accuracy Uses unclear language  and fails to express abstract ideas and explain concepts accurately

Time & Cost Practices: Performance Reporting - Overview and Rationale

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