Question

1. Describe the function of a Change Control Board.
2. When calculating Planned Value (PV), what is the project manager monitoring?
3. In this module, we describe several tools for monitoring projects, including checklists, spreadsheets, percent complete, tracking Gantt Charts, and earned value.
   a. Create a three-column table with each of these in the left-hand column called "Method".
   b. In the middle column, describe a specific project for which this method would be appropriate, call it "Appropriate Method."
   c. In the right-hand column, write one or two sentences about why you think each tool would be appropriate for the project you identified in the middle column.
4. Your project is halfway complete and your boss wants more data to ensure the project will complete on schedule. You have been tracking EV, SPI and CPI and feel confident the project is on schedule. Your boss's gut feeling disagrees and wants more data using other methods. How would you demonstrate your KPI's are on target?

Answer 1

1.

“A change control board is a group of people that includes important stakeholders such asthe project manager, sponsor, customers, key suppliers, and leaders of important project subteams” (Brown & Hyer, 2010, p. 321). The primary function of a change control board is to evaluate proposed changes compared to the established protocol. Most often this is compared or evaluated against time, cost, and performance which is better known as the triple constraint

2.

Planned Value (PV), is a forecast of the amount of time to be spent on a project. The end of the PV is a representation of the “total project budget, which is known as Budget at Completion or BAC”