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Unformatted text preview: y, what are the future implications of current trends? Lastly, the manager must decide whether that future is acceptable, and what changes, if any, in current plans are needed. Planning, status reporting, and assessing are systems engineering and/or program control functions; decision making is a management one. These processes together form the feedback loop depicted in Figure 20. This loop takes place on a continual basis throughout the project life cycle. This loop is applicable at each level of the project hierarchy. Planning data, status reporting data, and assessments flow up the hierarchy with appropriate aggregation at each level; decisions cause actions to be taken down the hierarchy. Managers at each level determine (consistent with policies established at the next higher level of the project hierarchy) how often, and in what form, reporting data and assessments should be made. In establishing these status reporting and assessment requirements, some principles of good practice are: • • • • • • Use an agreed-upon set of well-defined status reporting variables Report these core variables in a consistent format at all project levels Maintain historical data for both trend identification and cross-project analyses Encourage a logical process of rolling up status reporting variables, (e.g., use the WBS for obligations/costs status reporting and PBS for mass status reporting) Support assessments with quantitative risk measures Summarize the condition of the project by using color-coded (red, yellow, and green) alert zones for all core reporting variables. Regular, periodic (e.g., monthly) tracking of the core status reporting variables is recommended, through some status reporting variables should be tracked more often when there is rapid change or cause for concern. Key reviews, such as PDRs and CDRs, are points at which status reporting measures and their trends should be carefully scrutinized for early warning signs of potential problems. Should there be indications that existing trends, if allowed to continue, will yield an unfavor...
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This document was uploaded on 02/26/2014 for the course E 515 at University of Louisiana at Lafayette.

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