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Study Cards on project, performance, methods

What is the core of performance reporting?

It is the process of collecting, organizing, and disseminating information on how project resources are being used to complete the project objectives.

(The people footing the bill and affected by the outcome of the project need some information that things are going the way the project manager has promised)

What are the most typical concerns for a project manager?

Cost
Schedule
The influence of risks on the project
Level of quality

What are the topics generally discussed in a project performance review meeting?

Look at the work completed and how the work results measure up to the time and cost estimates
Evaluate the project scope and protect it from creep
Examining of quality and it's effect on the project
Discuss pending and past risks, discuss new risks

What is the use of trend analysis for project performance?

To examine the performance for the past period to predict what the upcoming performance will be like. This is great for long projects, analysis of team performance and prediction of future activities.

What are the outputs of performance reporting?

Performance Reports
Forecasting
Change Requests
Recommended corrective actions

What are methods that can be used for forecasting project performance?

Time series methods such as earned value management, linear prediction or project growth curve
Causal and econometric approaches to predict project performance
Judgmental methods like the Delphi Technique, scenarios, forecast by analogy.