BSBPMG522_Task5_Steven.docx - BSBPMG522 \u2013 DEVI SUSANTI ASSESMENT 5 \u2013 Project Reflection Questions 1 How often should project financials be reviewed

BSBPMG522_Task5_Steven.docx - BSBPMG522 u2013 DEVI SUSANTI...

This preview shows page 1 - 2 out of 2 pages.

BSBPMG522 – DEVI SUSANTIASSESMENT 5 Project Reflection Questions1.How often should project financials be reviewed and re-forecasted if required?-Project financials should be reviewed weekly and re-forecasted if required to ensure we have enough budget for the rest of the project. 2.What level of overrun might be acceptable and what is not?-A 10% budget overrun is might be acceptable and easier to correct, but if the budgetoverrun already hit 30% or more it’s probably hopeless for the project go further.3.What types of lessons learned should be documented?-We should document and learn a lesson from the good and the bad things that happened in the project. That will be a resource that can be useful for future projects.4.Briefly explain the best time to capture lessons learned from project and why?-Lessons learned should be documented in the moment right after the project has happened, because the moment that it documented will be a truthful reflection.
Background image
Image of page 2

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture