Module Overview
QSO‐420‐H5938 Integrated Cost/Sched Control 23EW5 MA
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Module Overview – QSO-420-H5938 Integrated Cost/Sched Control 23EW5 https://learn.snhu.edu/d2l/le/content/1315920/viewContent/24602319/View
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Forecasting Final Costs and EmployingEarned Value in Simple TermsModule Five covered project procurements and performance monitoring, which are two key concepts in the
realm of EVM. You also submitted your third and �nal milestone. Now, in Module Six, we will discuss
forecasting �nal costs as well as how to employ EVM in projects of smaller scope. As you will �nd, the topics
covered in Module Six are a natural extension of Module Five.
When we talk about project management, we often envision large, multimillion-dollar projects that span
several months. Even when considering “smaller” projects, we still envision complex scenarios requiring
cross-functional collaboration and specialized expertise. But, what about those projects that are truly small
in scope and might require just a small team from one department to do work over just a few weeks? Such
projects might include restructuring the layout of a job shop to create a work cell �ow as part of a Lean
event, or upgrading an of�ce facility with new computing hardware and software. Can EVM still be
effectively employed in these situations? Is it even worth the effort? These questions will be explored in this
module. In addition, we will touch on best practices for forecasting �nal cost and schedule results. As you will
see, one of the main reasons to implement EVM in any size project is so that project managers and, by
extension, business leaders can accurately forecast costs (and problems) at nearly any point in the project—
not just when it is close to becoming over-budget or over-schedule.
Along with these new topics, we will also spend some time re�ecting on what you have turned in over this
course in the three milestones. By now, you have received some feedback on your milestones. We have also
covered some new material that might help you to enhance some aspects of your presentation. Even if you
have earned perfect grades on your milestones so far, you are still expected to improve upon them in some
fashion as you piece them together to form your �nal project.
In Module Seven, you will not only turn in your �nal project, but you will also be introduced to the idea of
using metrics to manage several projects. Although now you are aware of most facets of EVM with regard to
managing projects (both big and small), most businesses and, by extension, project managers, do not deal
with just one project at a time. In the next module, we will discuss best practices for managing multiple
projects using an integrated cost and schedule approach.
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