Posted: February 14th, 2022

Create a team agreement that outlines the team operating rules for the construction project you are managing.

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Learning Goal: I’m working on a management question and need guidance to help me learn.
Part 1
Create a team agreement that outlines the team operating rules for the construction project you are managing.
What
is the impact on a project schedule when you level your resources? Why
is resource leveling necessary and what is the impact on your resources
when you do not level? Review the Agile manifesto and describe how
Agile views resource leveling?
Part 2:Describe
the purpose of a status report to the project sponsor? What key
information do you feel is important for the status report to include
and why? What is the optimum reporting cadence and why? What factors do
Project Managers need to think about when creating a status report
template? Do you feel that status reports are only needed when managing
waterfall projects, and why? How can project status be shared in an
Agile or Hybrid project?
Part 3:
You
are a project manager for a construction project budgeted at $750,000.
As of today, the project should be 45% completed but after reviewing
the status of the scheduled tasks involved in the project it is evident
that only 25% of the work has been completed. The team has spent
$200,000 thus far.
Answer the two questions below:
1. Describe the formula for each equation and provide the answer
Determine Earned Value (EV)
Determine Planned Value (PV)
Determine Cost Performance Index (CPI)
Determine Schedule Performance Index (SPI)
Cost Variance (CV)
Schedule Variance (SV)
2. What does this data tell you?
Assignment Requirements:
The assignment is to answer the question provided above in essay form.
Where applicable students can include diagrams if it will help provide a pictorial view of the solution.
This is to be in narrative form and should be as thorough as possible.
Bullet points should not be used.
The paper should be at least 3 pages in length.
Times New Roman 12-pt font, double-spaced, 1-inch margins
Utilizing
at least one outside scholarly or professional source related to
project management. The textbook should also be utilized.
Do not insert excess line spacing.
APA formatting and citation should be used.
Requirements: 4 pages

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