BUS611 Week 4 Discussion (dq1+dq2)

BUS611 Week 4 Discussion 

Dq1

Risk / Project Planning and Management

Risk [CLO: 5]. 1st Post Due by Day 3. Risk is present in nearly every human undertaking and projects are no exception. Recall a project that you have participated in and name at least one risk that was recognized before it happened. What, if anything, did you do to mitigate the risk? Was there a risk that emerged that was not seen in advance? What effect did it have on the project? What was a lesson learned from the surprise event?

Replies should contain at least 200 words and be supported by at least one professional or academic source other than the textbook. Use this week’s lecture as a basis for your post. Respond to at least two of your classmates’ posts. Are they missing important elements that should be considered? Your replies should be between 100 and 150 words in length. 

Dq2

Integrating Schedule and Cost / Project Planning and ManagementIntegrating Schedule and Cost [CLO: 9]. 1st Post Due by Day 3. We can easily look at a project schedule and quickly determine if we are ahead or behind of the plan. We can make a similar inference by examining the project budget and estimate if we have over- or under-spent. But do these two items by themselves tell the full and true story? What ambiguity exists in using these disconnected data points? Earned Value Management (EVM) integrates schedule and budget to tell us if what we are getting is what we are paying for. A beginning project manager needs to be at least familiar with EVM. Research the Ashford Library or youtube.com and provide a citation or link to a short article or video that explains the basics of EVM. Summarize the findings of the article or video. Each class member is expected to supply a unique source.