Project Evaluation and Control

Project Evaluation and Control

Project controls include strategic analysis, goal setting, and determining various ways to measure progress. As a result, it is simple to compare actual to planned performance, thereby creating a platform for taking actions based on an organization’s goals and objectives. The chapter also examines the milestone analysis, identifying events and stages to determine significant project accomplishments. It includes strategic steps that indicate engagement at various stages of project development. The coordination of schedules based on the project’s goals and objectives is an effective way to motivate employees and suppliers.

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The Gantt chart, which identifies milestones to focus on during project development, can also be used for practical project analysis. For example, Robles (2018) investigated the use of Gantt charts in decision-making to improve the performance of technical and professional communication in project management. As a result, different models must be determined to track the project development process. Similarly, the chapter concentrated on comprehending Earned Value Management concepts (EVM). Identifying various activities related to time, cost, and project management is simple, thereby providing project status. The chapter also examined the use of Earned Value (EV), which analyzes project development metrics such as cost, schedule, and performance. As a result, it is simple to keep track of critical project development phases.

Question No. 1

Earned Value Management (EVM) is essential in project development and can aid in project performance measurement. In this case analysis, the contractor should use EVM to ensure the government stays on track because it makes it easy to identify variances in the project based on the work performed and the work planned. It is a reasonable approach to develop a cost and schedule analysis, which makes forecasting the task easier. Furthermore, the process is a reference point for all EVM activities, providing quantitative data for project decision-making. As a result, it will assist the government in managing project cost overruns by anticipating any changes in project development.

Question No. 2

The schedule performance index indicates how close a project is to completion compared to the projected timeline. As a result, there is a ratio of the budgeted cost of work performed to the planned value. The cost performance index is critical for financial effectiveness during the project development process. It focuses on the completed activities in each unit of the funds spent on project development. The project manager can use the information to predict the future performance of a project by performing a cost and schedule analysis. Kim (2019), for example, discussed using the cost performance index in determining production planning reliability during the project development process. It simplifies understanding various aspects of project development and the best way to improve efficiency.

Similarly, by analyzing the schedule and completed activities, the schedule performance index is an ideal tool for the business manager to use during project development. It is possible to determine the remaining time to complete the project using the schedule. As a result, there is a platform for effective decision-making on how to approach the project based on performance. How to ensure the combination of the schedule performance index and the cost performance index determines effective workflow balance. An organization can adjust to various project changes.

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References

Kim, Y. W. (2019). The impact of the make-ready process on project cost performance in heavy civil construction projects. Production Planning & Control, 30(13), 1064-1071.

Robles, V. D. (2018). Visualizing Certainty: What the Cultural History of the Gantt Chart Teaches Technical and Professional Communicators about Management. Technical Communication Quarterly, 27(4), 300-321.

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You are now ready to evaluate the effectiveness of the interventions and whether your goals for the client have been met. Remember, the nursing process is cyclical and ongoing. The evaluation phase includes assessment and reassessment.

Project Evaluation and Control

For example, if you set a goal to lose 10 lbs in one month, it might be unrealistic to set this goal during the holiday season. Perhaps your interventions should have included eliminating sugary drinks in addition to French fries.

This is like weighing yourself after one week of a new diet. Perhaps your goal was to lose one pound in 7 days. Your interventions included reducing the number of French fries you consume weekly and eating one apple a day for seven days. After seven days, your intervention was to reassess your weight. You step on the scale, and you gain two pounds!

An overview of the Nursing Process Project and the project resources can be found in Module 3: Nursing Process Project: Overview.

Instructions

The final part of the Nursing Process Project requires you to complete the evaluation section on the Nursing Process Project template. Follow these steps to complete this part of the project.

Step 1: Complete the evaluation section of the Nursing Process Project template. If a category is non-applicable, write NA in that template section.

Step 2: Implement instructor comments and edits to previous sections of the Nursing Process Project template.

Assessment

Diagnosis

Planning

Implementation

Step 3: Submit the entire Nursing Process Project template for final instructor review.