EV Dog Pen Exercise Assume that you are the PM for the Dog Pen project. The goal is to build a four-sided dog pen. Each side is budgeted to cost $100 to complete and require one day of your time. As the project progresses the following results are recorded: Day 1. Side A completed; spent […]
EV Spreadsheet Template One of the more common methods to compute EV parameters is through the use of a spreadsheet. The sample below contains a summary level project plan for a selected level of the WBS. Percentage completion estimates for each activity are recorded in column “O.†The status point for EV evaluation is May […]
Although we will discuss feasibility analysis now within the context of project initiation, most project teams will revise their feasibility study throughout the SDLC and revisit its contents at various checkpoints during the project. If at any point the project’s risks and limitations outweigh its benefits, the project team may decide to cancel the project […]
The scconi element of a leasibility analysis is to perform an economic feasibility analysis (also called a cost benefit malysis) that identifies the financial risk associ- ated with the project. This attempts to answer the question “Should we build the system?” iconomic feasibility is determined by identifying costs and benefits asso- ciated with the system, […]
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