Saintleo PRM520 2019 MAY All Modules Discussions Latest

PRM520 Monitoring, Controlling, and Closing Projects

Module 1 Discussion

The Situation: You have been hired as the project manager to construct a custom home. The owners have decided to add an in-ground pool and convert a walk-in closet near the proposed pool to a bathroom and shower. The key members in your project team are the architect, pool subcontractor, and plumbing subcontractor. You also have to reduce the scope of work for the closet shelving subcontractor. You don’t want the final closing of the house to be delayed so you can claim the revenue in the April-June Quarter.

The Assignment: Refer to Section 4.6 of the PMBOK®Guide,and prepare a response consisting of a minimum of 500 words. Describe how you would perform integrated change control to incorporate the described changes to your project. You can format your response around Tool 10.2 from the Project Scheduling and Cost Control text. Include at least three credible references in addition to the PMBOK®Guide,with at least one of these being a peer-reviewed journal article. Properly cite your response.

 

PRM520 Monitoring, Controlling, and Closing Projects

Module 2 Discussion

The Situation: You have been hired as the project manager to construct a custom home. The owners have asked for some “minor changes” such as relocating two electrical outlets, adding a refrigerated wine cabinet that will require an electrical connection, and adding gutters to the outside of the house. The owners have seen the price list for these changes and are agreeable. The owners also requested that an internal wall be relocated. Unfortunately, the wall is load bearing which means that the architect and structural engineer must modify the plans and the local building department must approve the modified plans. The key members in your project team are the architect, structural engineer, and framing subcontractor. The redesign by the architect and engineer will take about two weeks. The building department needs two weeks after you submit the revised plans. You don’t have a price for the relocated wall.

 The Assignment:Refer to Section 5.6 of the PMBOK® Guide. Prepare a response consisting of a minimum of 500 words. Describe how you would perform control scope and prepare change requests for the Perform Integrated Change Control process. Include at least three credible references in addition to the PMBOK® Guide with at least one of these being a peer-reviewed journal article. Properly cite your response.

 

PRM520 Monitoring, Controlling, and Closing Projects

Module 3 Discussion

The Situation: You are the project manager for constructing a custom house. Your company wants you to complete the construction one month earlier so that your company can recognize the revenue in this fiscal year. You know your current project schedule is based on many previous projects and minimizes costs and negative risks. You have crashed activities and fast tracked multiple activities in the past to shorten the schedule.

The Assignment: Using generic ideas of crashing and fast tracking, identify and explain some potential additional costs and risks (both opportunities and threats) that could occur because you are reducing the schedule by one month. Your response should consist of a minimum of 500 words and include at least three credible references in addition to the PMBOK® Guide with at least one of these being a peer-reviewed journal article. Properly cite your response.

PRM520 Monitoring, Controlling, and Closing Projects

Module 4 Discussion

The Situation: You are the project manager for constructing a custom house. Your company requires an evaluation of the estimate at completion (EAC). Since the pool change order described in Week 1 has not been executed, you don’t have to change your baseline budget. Everything is going well; even the irrigation well and pump are in early. The EAC should be based on the planned and earned values in WBS PV EV July 1 spreadsheet.

The Assignment: Calculate EAC using the four different formulas. You know that Tropical Storm will impact your cost, so in the “Bottom-up ETC” you add $5,000 to the estimated cost for storm cleanup in WBS item 3.4; thus your Bottom-up ETC will be $5,000 higher than the ETC = EAC-AC (i.e. ETC =EAC-AC +$5,000). Explain the differences between the four forecasting formulas. Which one would you consider has the most validity? Include at least three credible references in addition to the PMBOK® Guide with at least one of these being a peer-reviewed journal article. Properly cite your response.

 

PRM520 Monitoring, Controlling, and Closing Projects

Module 5 Discussion

The Situation: You are the project manager for constructing a custom house. On one of your Monday morning inspections of the progress, you notice a spot of flaking paint on the outside of the house. The outside was painted on Friday. On closer inspection, you see that the entire north side of the house has issues with the paint peeling and flaking. The other sides of the house appear fine.

The Assignment: Select one or more of the 7QC tools to investigate this problem. What else would you do? Your response should consist of a minimum of 500 words and include at least three credible references in addition to the PMBOK®Guide with at least one of these being a peer-reviewed journal article. Properly cite your response.

 

PRM520 Monitoring, Controlling, and Closing Projects

Module 6 Discussion

The Situation: You are the project manager for a project that involves two departments in your company. The larger department is paying for 80% of your project. The smaller department is paying 20%. The department manager of the smaller department is requesting modifications nearly every week. Your stakeholder management plan was based on your company’s standard template. You have been following the approved stakeholder management plan. You look at the issues log and see that there are four open issues. These open issues and possibly future requests for modifications could impact the completion date.

The Assignment: Obviously something must be changed to better control this situation. What tools and techniques would you choose to control this stakeholder’s engagement? What process outputs do you expect to create? What else, if anything, would you do? Prepare a response consisting of a minimum of 500 words. Include at least three credible references in addition to the PMBOK®Guide with at least one of these being a peer-reviewed journal article. Properly cite your response.

 

 

 

PRM520 Monitoring, Controlling, and Closing Projects

Module 7 Discussion

The Situation: In your past, you have probably monitored risks in your personal life, on your job, or both. Select one that you were monitoring, either formally or informally, that actually happened and was a surprise. Remember, risks are both opportunities and threats.

The Assignment: With 20-20 hindsight, identify what you missed that could have better predicted the risk occurring. Also, with 20-20 hindsight, identify what threat mitigation, threat avoidance, or opportunity exploitation you would have initiated. What else, if anything, could you add to your lessons learned database to improve your future performance? Include at least three credible references in addition to the PMBOK® Guide with at least one of these being a peer-reviewed journal article. Properly cite your response.

 

PRM520 Monitoring, Controlling, and Closing Projects

Module 8 Discussion

The Situation: Most relationships between different business entities are based on negotiated agreements, also called contracts. These are legal documents that bind each party to perform in accordance with the agreement. You are the project manager of an organization. You are responsible for closing a vendor’s agreement and administrative closure of the procurement.

The Assignment: Develop a procedure to close a procurement both contractually and administratively. Your response should be a minimum of 500 words, and portions can be in bulleted/outline format. Include at least three credible references in addition to the PMBOK® Guide with at least one of these being a peer-reviewed journal article. Properly cite your response.