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Now that the project is in the execution process, summarize your project to date.
The project is planning a retirement party for an individual who has worked for the company for 30 years. Project execution involves delineating the roles and responsibilities for each member of the team as it relates to the implementation of the retirement party. The project to date also involves resource allocations as it relates to how to the venue, food items, materials, and other object that are required for a successful retirement party. In addition, proper oversight must be given to help mitigate any issues relates to project deliverables for the retirement party (Salapatas, 2000).
Describe 34 deliverables produced from the execution of your project.
1. Deliverable 1 Completion of a retirement party and the securing of a venue to hold at least 100 people. This deliverable is a primary component of the retirement party. Here, the venue must be obtained in advance of the actual planning of the retirement party. This is a necessary step to ensure the space is adequate enough to support a large set of individuals. As the celebration is for an employee who has worked for the company for over 30 years, it important to have adequate space to accommodate all invitees is a comfortable manner. Likewise, it also helps to properly plan the placement of food, music, and other scheduled events for the employee.
2. Deliverable 2 Template to use of future retirement parties for the organization. This deliverable allows the company to replicate the success of this retirement party for future events. This template will allow the company to operate in a more efficient manner when planning and leveraging company resources to plan a retirement party. It also helps to significantly reduce the amount of resources required during the planning phase to better accommodate the needs of other employees
3. Deliverable 3 Increase in employee engagement. Through the successful completion and planning of the retirement party, other employees should feel much more engaged with the organization and its ability to support those within it. Through the success of the retirement party, employees should feel that the company overall supports those who contribute to the organization (Pich, 2002).
Explain how project baselines are established and why they are important to EVM calculations. Note: this relates to project control.
Project baselines are critical components to the overall project management field. For one, they help to calculate the overall EV of a project. For example, if a project is 50% completed, and the budget is $100, then the earned value for the project would be $50. This gives management a better assessment of how the overall project is trending as it relates to completion. It also provides a baseline for which corrective action can be taken to mitigate the adverse consequences of...…cycle allows the project manager to better identify the overall scope of the project. It also allows the manager to better plan the overall budget and plan the overall schedule of deliverables. The next best practice procedure will be to properly identify the overall scope the retirement party. Effective project management requires that project requirements, objectives and scope be documented and become stabilized at some point early in the project life cycle. Here, questions related to the goals of the retirement celebration, the deliverables and the overall costs limits should be determined. Another best practice is to define organizations, systems and roles with the overall project. By assigning responsibilities, it allows the overall project manager to more seamlessly delineate responsibility throughout the team.
List 35 lessons learned from your project. Provide examples.
1. Lesson 1 The first lesson I learned from my project is that it is best practice to have a contingency reserve to account for any unforeseen circumstances. A strong reserve allows the overall project to stay on track even if cost overages are incurred.
2. Lesson 2 The second lesson that I learned was the importance to having the proper people oversee elements within the project that are correlated to their overall skills set. This is important as it improves the overall likelihood of project success
3. Lesson 3 The third lesson I learned was related to proper oversight and the importance of periodically checking…
References
1. Salapatas, J. N. (2000). Best practices—the nine elements to success. Paper presented at Project Management Institute Annual Seminars & Symposium, Houston, TX. Newtown Square, PA: Project Management Institute
2. Pinto, J. K. (2002). PROJECT MANAGEMENT 2002. Research Technology Management, 45(2), 22–37. http://www.jstor.org/stable/24134511
3. Poister, T. H., & Streib, G. D. (1999). Strategic Management in the Public Sector: Concepts, Models, and Processes. Public Productivity & Management Review, 22(3), 308–325. https://doi.org/10.2307/3380706
4. Pich, M. T., Loch, C. H., & de Meyer, A. (2002). On Uncertainty, Ambiguity, and Complexity in Project Management. Management Science, 48(8), 1008–1023. http://www.jstor.org/stable/822672
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