PM004 Project Performance Measurement: St Dismas Case Study ALF

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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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Running head: PROJECT PERFORMANCE
Project Performance: St Dismas Case study
Name of the Student:
Na of the University:
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1PROJECT PERFORMANCE
B) Importance of formal monitoring and controlling strategies for the ALF
project
a. Overall benefits for using formal processes for monitoring and controlling
The importance of identified processes is elaborated in the below section:
It helps to take effective actions required to control the project: Formal process helps
to identify the control point for projects and also identifies the necessary actions that can monitor
and control any project successfully (Batselier & Vanhoucke, 2015). If it is found that any
project is completely deviating from the planned project baseline then only these actions become
necessary to take.
Identified variance and also warrant the requested changes: If it is found that there is
a lot of variance from baseline then expected project duration will exceed that time the actions
become necessary to take to meet the primary project target.
Identify the cause of changes: If period monitoring process is conducted by the project
manager then based on changing requests then change management plan can be successfully
implemented by the project manager (Fleming & Koppelman, 2016). If will reduce the rate of
operational and fucntioanl errors as well.
Help to perform integrated change control: Timely monitoring control plan is needed
to be conducted by the project managers and stakeholders to integrate the requested control
changes respected.
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2PROJECT PERFORMANCE
b. Reason to make it iterative
The traditional project development process is comprises of many phases and all the
phases are interconnected to each other and without successful completion of one phase the nest
phase cannot be completed the project manager (Willems & Vanhoucke, 2015). It is the duty of
the project leaders and team members to monitor and control each phase.
Iterative project management approach allows the project manager and project team
members to make changes after the successful completion of each phase. After each phase
requested and respective changes are successfully needed to be performed then the project
implementation errors will be reduced a lot (Chen, Chen & Lin, 2016). Iterative changes will
make sure that, all the requirements are fulfilled with the completion of each phase.
3.2 Explanation of EVM metrics
Activity %
Complet
e
CV
(EV -
AC)
SV
(EV -
PV)
CPI
(EV/AC
)
SPI
(EV/PV
)
ETC
(EAC -
AC)
EAC
(BAC/CPI
)
Building 90% ($1,231
)
($674
) 0.8 0.9
$810.7
1 $8,110.71
Furniture 70% $30
($120
) 1.1 0.7
$107.1
4 $357.14
Site
Improvements 100% ($23) $0 0.8 1 $0.00 $148.00
Kitchen
Equipment 60% ($12) ($12) 0.6 0.6 $20.00 $50.00
TOTAL 89% ($1,236
)
($806
) 0.8 0.9
$959.4
5 $8,687.45
In the building phase of the project, it has been identified that the CPI and SPI is less than
1. Hence, it can be said that this project is running as over budget and it is behind the schedule
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3PROJECT PERFORMANCE
which means building phase of the project could not be completed within the estimated time and
budget.
In the furniture phase of the project, it has been identified that CPI is higher than 1 but
the value of SPI is less than 1. Hence, it can be said that, this project is completely under budget
as well as it is behind the schedule which means the building phase of the project could be
completed at a lesser budget than estimate while it will require more time.
In the site Improvements phase of the project, it has been identified that the CPI is less
than 1 but the SPI is equal to 1. Hence, it can be said, this project is over budget and it is running
according to the schedule which means, site improvements phase of the project could not be
completed within the estimated budget but it will complete within the estimated time.
In the kitchen equipment of the project, it has been identified that the CPI and SPI is less
than 1. Hence, it can be determine that this project is over budget and it is running behind
schedule which means the kitchen equipment phase of the project could not be completed within
the estimated time and budget.
[where, CV= Cost Variance and SV= schedule variance]
5.2 Development of a performance report
To,
The executive team,
I would like to inform you that, the St Dismas medical center, an urban nonprofit hospital
has began declining in their admission process. In order to successfully implement any project it
is essential for the project manager and other stakeholders to contribute cent of their skills and
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4PROJECT PERFORMANCE
knowledge while implementing the project. The performance of the project team associates leads
the entire project towards success. I feel that the project manager and stakeholders have
performance successfully. Not only this but also, the contractors, sub contractors, civil engineer,
interior designer and the exterior designer have also performance successfully throughout the
project development life cycle. Apart from that, I have also identified that, the steering
committee members of the project has followed all the basic project requirement details and
completed their assigned activities within assigned budget and timeline. New security
approaches are also identified successfully to ensure the security of the system. Effective
recruitment design policies are also conducted by the HR project associates to make sure that the
skills and knowledge of the members are not being compromised. I have recognized that the
project manager and other associates have also identified proper project testing tools and
strategies while implementing the project.
In order to successfully accommodate all emergency patients the board of trustee of the
hospital authority has decided to develop a new construction plan for the project. It is assumed
that successful implementation of the project will help project stakeholders to met the expected
outcomes and project objectives. I think that in order to accomplish the process formal
monitoring and controlling process is required to be implemented by the project manager and
project team members. In addition to this, the finance manager and project auditors have also
performed successfully to lead the project so that it can be successful implemented within
primarily estimate project budget. Overall I have identified that, each of the members assigned to
the project team has performed well and contributed cent percent during the project development
session.
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5PROJECT PERFORMANCE
Bibliography
Acebes, F., Pereda, M., Poza, D., Pajares, J., & Galán, J. M. (2015). Stochastic earned value
analysis using Monte Carlo simulation and statistical learning techniques. International
Journal of Project Management, 33(7), 1597-1609.
Batselier, J., & Vanhoucke, M. (2015). Evaluation of deterministic state-of-the-art forecasting
approaches for project duration based on earned value management. International
Journal of Project Management, 33(7), 1588-1596.
Chen, H. L., Chen, W. T., & Lin, Y. L. (2016). Earned value project management: Improving the
predictive power of planned value. International Journal of Project Management, 34(1),
22-29.
Colin, J., & Vanhoucke, M. (2015). A comparison of the performance of various project control
methods using earned value management systems. Expert Systems with
Applications, 42(6), 3159-3175.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management.
Project Management Institute.
Willems, L. L., & Vanhoucke, M. (2015). Classification of articles and journals on project
control and earned value management. International Journal of Project
Management, 33(7), 1610-1634.
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