PROJECT MA
PROJECT MA 470
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Review for Exam 2 (100 points) Mgt. 470 Spring 2016 Define and discuss the following concepts: Stages of team development b. Roles &...

Review for Exam 2 (100 points)

Mgt. 470

Spring 2016

Define and discuss the following concepts:

Stages of team development

Roles & responsibilities tools & techniques

Four stages of risk management

Sources of risk

Differences between quantitative & qualitative risk assessment

Risk mitigation responses

Risk control & documentation

Be able to discuss any of the above issues as they pertain to the Spanish Navy Case (Chapter 7)

Be able to:

Integrate a performance measurement with “Earned Value” concepts using the “IDEA” model.  This will be 50 points out of the 100 points total.

Step One: I- IDENTIFY the problem and set priorities

      Calculate totals for key constructs:  BAC, PV(to date), AC, EV

Step Two: D- DEEPEN understanding and gather relevant information

      Answer Question 1:  How are we doing?

Step Three: E- ENUMERATE options and anticipate consequences

      Answer Question 2:  How bad is it going to get?

Step Four: A- ASSESS the situation and make a preliminary decision

      Calculate CV’s & SV’s for each task and interpret

Exam Notes:

Closed book, closed notes.  You need to know the formulas as discussed in class, notes and book for:  Cost Variance (CV); Schedule Variance (SV); Cost Performance Indice (CPI); Schedule Performance Indice (SPI); Estimate at Completion (EAC); and Variance at Completion (VAC).

Review for Exam 2 (100 points) Mgt. 470 Spring 2016 Define and discuss the following concepts: a. Stages of team development b. Roles & responsibilities tools & techniques c. Four stages of risk management d. Sources of risk e. Differences between quantitative & qualitative risk assessment f. Risk mitigation responses g. Risk control & documentation h. Be able to discuss any of the above issues as they pertain to the Spanish Navy Case (Chapter 7) Be able to: Integrate a performance measurement with “Earned Value” concepts using the “IDEA” model. This will be 50 points out of the 100 points total. 1. Step One : I - IDENTIFY the problem and set priorities Calculate totals for key constructs: BAC, PV(to date), AC, EV 2. Step Two : D - DEEPEN understanding and gather relevant information Answer Question 1: How are we doing? 3. Step Three : E - ENUMERATE options and anticipate consequences Answer Question 2: How bad is it going to get? 4. Step Four : A - ASSESS the situation and make a preliminary decision Calculate CV’s & SV’s for each task and interpret Exam Notes: a. Closed book, closed notes . You need to know the formulas as discussed in class, notes and book for: Cost Variance (CV); Schedule Variance (SV); Cost Performance Indice (CPI); Schedule Performance Indice (SPI); Estimate at Completion (EAC); and Variance at Completion (VAC). b. Good luck!
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