Project Governance Plan Proposal Assignment

Project Governance 1
PROJECT GOVERNANCE PLAN PROPOSAL
By Student Name
Course Title
Professor
Name of the Institution
City and State
Date

Project Governance 2
Table of Contents
Introduction....................................................................................................................................3
Methodology for tracking cost & schedule..................................................................................3
Recommended methodology for monitoring and controlling cost & schedule........................4
Project reporting............................................................................................................................5
CEO and Board project report....................................................................................................6
References List...............................................................................................................................7

Project Governance 3
Project Governance Plan Proposal
Introduction
After the development of the ATA project management plan and the risk management analysis,
the next step is to identify the cost and schedule control/ monitoring method as well as the
effective communication method with different stakeholders. Some of the risks associated with
the implementation of ATA project in East Timor are insufficient of funds, inability to produce
sufficient electricity for homes, breakdown of components or equipment like regulator, batteries,
microcontrollers, fluctuation of escalating exchange rates which affect the sourcing costs, and
low standards of electrical systems.
Having an accurate project plan, schedule and a robust budget is fundamental in delivering the
ATA project. Without close monitoring of the project during the implementation period there is
high probability that it would not be delivered within its schedule and estimated cost. There are
several techniques acceptable by the PMBOK in controlling and monitoring the project schedule
and cost. The monitoring and controlling techniques include Earned Value Management (EVM),
Forecasting, To-Complete Performance Index (TCPI), Variance Analysis, and Performance
Reviews (Gudda, 2011, p. 93).
Methodology for tracking cost & schedule
Earned Value Management (EVM) is a mathematical analysis technique used to measure the
actual performance a project in reference to its schedule and the budget. The forecast technique
is based to the actual performance. For example, after completing 25% of the project, the
manager have the ability to forecast the degree of delay based on schedule and budget. Likewise,
the To-Complete Performance Index (TCPI) is used to estimate the required project performance