Question:
(a) What are the checks/actions to be carried out in a project monitoring meeting?
(b) What is the rationale behind the concept of "earned value" in project monitoring?
(c) Describe the concept of "earned value" in project monitoring showing:
- ?what information is needed at planning stage,
- ?what information is required when collecting data at specific intervals,
- ?what values are calculated and ? how these values are used to interpret progress.
(d) What corrective actions can be taken in the following cases : ?
- Task is behind schedule.
- Quality of deliverable for a task is below standard.