Complete Chapter 13 Exercise 3 On Pages 485–486 Of Project M

Complete Chapter 13 Exercise 3 On Page 485 486 Of Project Management

Complete Chapter 13, Exercise 3, on page of Project Management: The Managerial Process, using Microsoft® Project 2013. Create a network schedule, add the budget planned value (PV) by time period using the data in the exercise, and apply the completion status information to develop a status report for the project at the end of Period 4 and at the end of Period 8. Write a 1-page summary memo of your findings. What information are you prepared to tell the customer about the status of the project at the end of Period 8? Submit your Microsoft® Project file and the memo to the Assignment Files tab.

Paper For Above instruction

The assignment requires the use of Microsoft® Project 2013 to develop a network schedule based on the given data from Chapter 13, Exercise 3 of "Project Management: The Managerial Process." The task involves creating an integrated project plan that includes detailing the project activities, establishing dependencies, and visualizing the sequence of tasks to understand the project's workflow effectively. Once the network schedule is built, the next step is to incorporate the planned value (PV) data, which represents the approved budget for work scheduled to be completed by specific periods, thus establishing a financial baseline aligned with the schedule.

Following the schedule and PV integration, the focus shifts to tracking project progress. This involves applying actual completion status data to the schedule for Period 4 and Period 8. By doing so, the project manager can generate progress reports at these snapshots in time. These reports will compare the planned progress (PV) to the actual work completed, identify variances, and assess overall project health—whether it is ahead, on track, or behind schedule. These steps are critical for effective project control and management.

The final deliverable is a comprehensive, one-page memo summarizing the key findings from the status reports at Period 4 and Period 8. The memo should highlight critical variances, discuss schedule performance, assess whether the project is within the expected budget, and identify any early warning signs of potential project delays or cost overruns. It should position the project’s current health status clearly and outline any corrective actions or adjustments needed to meet project objectives.

In terms of practical communication, the memo should provide the customer with transparent, concise, and insightful updates. It must clarify whether the project is on schedule and budget, detail any deviations, and suggest next steps to ensure successful completion. The project file in Microsoft® Project 2013 should be submitted alongside the memo, enabling reviewers to verify the schedule, PV data, and progress updates.

Overall, this exercise emphasizes essential project management skills—developing network schedules, integrating cost and schedule performance data, and communicating project status effectively. It reinforces the importance of proactive project control through frequent monitoring, accurate tracking of progress, and clear stakeholder communication—key principles in achieving project success.

References

- Kerzner, H. (2017). Project Management: A Systems Approach to Planning, Scheduling, and Controlling. Wiley.

- Project Management Institute. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide), 6th Edition. PMI.

- Cleland, D. I., & Ireland, L. R. (2007). Project Management: Strategic Design and Implementation. McGraw-Hill.

- Verzuh, E. (2015). The Fast Forward MBA in Project Management. Wiley.

- Meredith, J. R., & Shafer, S. M. (2013). Project Management: A Strategic Approach. Wiley.

- Larson, E. W., & Gray, C. F. (2018). Project Management: The Managerial Process. McGraw-Hill.

- Gido, J., & Clements, J. P. (2018). Successful Project Management. Cengage Learning.

- Schwalbe, K. (2015). Information Technology Project Management. Cengage Learning.

- PMI. (2011). Practice Standard for Scheduling. Project Management Institute.

- PMBOK® Guide. (2021). Seventh Edition. Project Management Institute.