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Discussion Forum Week 5

Discussion Forum Week 5

Initial Postings: Your initial post should be based upon the assigned reading for the week, so the textbook must be the primary source utilized and listed in your reference section (and properly cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion. This means that they support the material from the textbook. Do not use other sources to substitute for or replace the textbook.

Provide a graduate-level response to each of the following questions:

1) Identify each of the four organizational culture types with respect to power, and the strongest motivator for each type. In which organizational cultures do you feel most and least comfortable working? Why?

2) List and describe at least four organizational culture characteristics that increase the likelihood of project success. Why is each characteristic helpful?

3) Describe each method of decision making a project team may use. Using examples, tell when each is most appropriate.

Your post must be substantive and demonstrate insight gained from the course material. Postings must be in the student’s own words – do not provide quotes!

Your initial post should be at least 500+ words and in APA format (written in full essay, using proper paragraph structure, sources cited within the body of the main text and Times New Roman with font size 12).

Submitting the Initial Posting: Your initial post should be completed by Thursday, 11:59 p.m. EST.

Response to Other Student Postings: Respond substantively (at least 100 words) to the post of at least two peers, by Friday, 11:59 p.m. EST. A peer response such as “I agree with her,” or “I liked what he said about that” or similar comments are not considered substantive and will not be counted for course credit. Also, just repeating information from the course material or your own initial post does not satisfy these criteria.

Continue the discussion through Sunday, 11:59 p.m. EST by highlighting differences between your postings and your colleagues’ postings. Provide additional insights or alternative perspectives. This means an on-going conversation in addition to the two required responses above.

Evaluation of posts and responses: Your initial posts and peer responses will be evaluated on the basis of the kind of critical thinking and engagement displayed. The grading rubric evaluates the content based on four areas: Content Knowledge & Structure, Critical Thinking, Presentation & Writing Mechanics, and Response to Other Students.

• Reflection and Discussion Forum Week 5

  Reflection and Discussion Forum Week 5Assigned Readings:Chapter 11: Resource PlanningChapter 12: Budget PlanningInitial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.Also, provide a graduate-level response to each of the following questions:

  1. How would a cost management plan address the challenges of managing project costs within the internal financial procedures and accounting codes of an organization?
  2. What benefits do budgeting processes bring to projects, and what weaknesses do they possess?

  [Your post must be substantive and demonstrate insight gained from the course material. Postings must be in the student’s own words – do not provide quotes!] [Your initial post should be at least 450+ words and in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review]Submitting the Initial Posting:Your initial posting should be completed by Thursday, 11:59 p.m. EST. Response to Other Student Postings: Respond substantively to the post of at least two peers, by Friday, 11:59 p.m. EST. A peer response such as “I agree with her,” or “I liked what he said about that” or similar comments are not considered substantive and will not be counted for course credit.[Continue the discussion through Sunday,11:59 p.m. EST by highlighting differences between your postings and your colleagues’ postings. Provide additional insights or alternative perspectives]Evaluation of posts and responses: Your initial posts and peer responses will be evaluated on the basis of the kind of critical thinking and engagement displayed. The grading rubric evaluates the content based on seven areas:Content Knowledge & Structure, Critical Thinking, Clarity & Effective Communication, Integration of Knowledge & Articles, Presentation, Writing Mechanics, and Response to Other Students.

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  Problem Set #5

  Earned-value analysis. A project budget calls for the following expenditures:

  Task	Date	Budgeted Amount
  Build forms	April 1	$10,000
  Pour foundation	April 1	$50,000
  	May 1	$100,000
  Frame walls	May 1	$30,000
  	June 1	$30,000
  Remaining tasks	July 1 and beyond	$500,000

  Define each term in your own words, calculate these values for the above project, and show your work:

  1. Budgeted cost baseline (make a graph illustrating this one)
  2. Budget at completion (BAC)
  3. Planned value (PV) as of May 1
  4. Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule.
  5. SV as of May 1.
  6. Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.
  7. Schedule performance index (SPI)
  8. Cost performance index (CPI)
  9. Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs
  10. Estimate at completion (EAC)