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Question Description
Please reply to both post 1 and post 2 in at least 200 words each. (These are peer responses)
Required
Chapters 5, 6, & 9 in Project Management: A Systems Approach to Planning, Scheduling, and Controlling
Part 1: Chapters 9, 10, & 13 in A Guide to the Project Management Body of Knowledge (PMBOK® Guide)
Recommended
Chapters 6 & 13 in Fundamentals of Project Management (5th ed.)
Senaratne, S., & Samaraweera, A. (2015). Construction project leadership across the team development process. Built Environment Project and Asset Management, 5(1), 69-88.
Petter, S., & Carter, M. (2017). In a league of their own: Exploring the impacts of shared work history for distributed online project teams. Project Management Journal, 48(1), 65-80.
Project Management Institute. (2018). Certification types. Retrieved from https://www.pmi.org/certifications/types
POST 1:
Discussion Module 8
According to (Kerzner & D., n.d.) we can learn a lesson fromevery project we encounter. Some do not want to document mistakesbecause they will have to own up to them therefore everyone keeps makingthe same mistake. By learning from our mistakes helps us to bettercapture what our organizations best practices are. (Kerzner & D.,n.d.) Some companies do this at the end of the project, but this can bedone throughout the life of the project.
Below is a lesson learned report as it pertains to what I learned in this course.
Type
Description
Top Successes:
Reading everything assigned and designated on the simulation.
Top failures:
Adding too much to the budget in the simulation.
As it pertains to the writing assignments, adding the APA formats appropriately.
Lessons Learned:
Do not over budget.
Adding APA formats appropriately
Strategies for Addressing Failures Other Areas needing Improvement
Go back and re-read and study chapters pertaining to Earned Value,Actual Costs and Planned Value. This will allow me to betterunderstand the value of how to budget the projects.
Take the time to review your formats before turning in your assignment.
Amy
Reference
Kerzner, H., & D., Ph. (n.d.). Project Management: A SystemsApproach to Planning, Scheduling, and Controlling. Retrieved fromhttps://platform.virdocs.com/r/s/0/doc/504500/sp/2…
POST 2:
PJM 330: Effective Project Scheduling and Control
MaryBeth Dunlap
Discussion Board – Module 8
November 25, 2019
According to Kerzner (2017), organizations can and should learnlessons from every project. However, many organizations and theiremployees are reluctant to document the mistakes and missteps that occurin projects. Instead, organizations want to emphasize their successesand breakthroughs. These organizations are missing out on the chance tolearn from their mistakes (Kerzner, 2017).
The following is my lesson learned report:
Top Successes
Viewed all simulation scenes
Correctly answered 39 out of 40 questions/decisions
Read all documentation and emails
Launched the project on 1 July
Minimized budget approval requests
Top Failures
Incorrectly answered the Vendor Contract Type question in lesson four
-correct: Time & Materials (PMBOK 12.1.1)
–Time & Materials: “hybrid contracts with aspects of both cost-reimbursable and fixed-price contracts (p. 472 PMBOK)
-my choice: Fixed Price
–Fixed Price: set prices and required materials; contract requirements
Strategies for Addressing Failures
Vendor contracts – research PMBOK vs go with initial instinct
Other Areas that Need Improvement
% of Budget Used: My total planned budget was $515,278, exceedingthe given $500,000 budget. I had to request a budget approval. I, dueto my inexperience as a PM, incorrectly asked for $520,000 instead of$515,000. In lesson 6, I was on track to use approximately 94% of myapproved budget. However, due to a technical glitch in the simulation, Ihad to reset my baseline. To do so, I had to reconfigure my reservesto reduce my total planned budget. At the end of the simulation, I hadused the 98% of my total budget and earned a perfect score in the % ofBudget Used area.
Reference
Kerzner, H. (2017). Project Management: A systems approach to planning, scheduling, and controlling (12th ed.). Hoboken, NJ: Wiley
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