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:
i. what information is needed at planning stage,
ii. what information is required when collecting data at specific intervals,
iii. what values are calculated and
iv. how these values are used to interpret progress.
(d) What corrective actions can be taken in the following cases :
i. Task is behind schedule
ii. Quality of deliverable for a task is below standard