PM004 Project Performance Measurement: St Dismas Case Study ALF
VerifiedAdded on 2023/03/30
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Case Study
AI Summary
This case study delves into the project performance of the St. Dismas Assisted Living Facility project, focusing on the importance of formal monitoring and controlling strategies. It highlights the benefits of using formal processes for effective project control, including identifying control points, managing variances, and facilitating integrated change control. The analysis emphasizes an iterative project management approach to allow for changes after each phase, reducing implementation errors and ensuring requirement fulfillment. The study uses Earned Value Management (EVM) metrics to assess the project's progress, identifying areas where the project is over or under budget and behind or ahead of schedule. A performance report is developed, informing the executive team about the project's status, highlighting the contributions of team members, and recommending the implementation of formal monitoring and controlling processes. The report also acknowledges the successful performance of various stakeholders, including contractors, engineers, designers, and the finance manager, in ensuring the project's successful implementation within the estimated budget.
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