MGT2 Task 3
Task A: Addendum to the Risk Assessment Matrix:
Description of Risks Impact Likelihood of Occurrence (L,M,H) Degree of Impact (L,M,H) Initial Action to Take if Event Occurs Team Member Responsible Strategies for Prevention and Mitigation
Widespread security breach due to unauthorized access to sensitive customer information Negative publicity of the company and loss of credibility in the eyes of existing and potential customers impacting overall business M H Take immediate action to tighten security including all employee access to customer sensitive information Ben
Malinda Identify and install the latest security software on all telecommuters' PCs and enforce strict rules for information access including password…show more content… - Schedule Performance Index (SPI): This is a measure of how efficiently the project has been run till the current point in time. An SPI of less than 1.0 would indicate that less work was completed than originally planned and an SPI value greater than 1.0 would indicate that more work was completed than was originally planned. The SPI is calculated with the following formula: SPI = EV / PV
- Cost Performance Index (CPI): This is a measure of how efficiently the project has been run in terms of budgeted resources till the current point in time. The CPI is considered the most critical metric of the Earned Value Management methodology. A CPI of less than 1.0 would indicate that the project is currently over budget than originally planned and a CPI value of greater than 1.0 would indicate that the project is currently under budget and in good shape. The CPI is calculated with the following formula: CPI = EV / AC
Task B1: Justification of Metrics: One of the primary reasons of choosing the Earned Value Management methodology for the tracking of the project metrics of the Telecommuting Expansion Project was due to the fact that this method comprehensively covers all the key aspects of Project Schedule Control and Cost Management. With the use of this approach a well-rounded analysis can be performed on the data provided. The data provided has the clear value for the budget at completion (BAC) for all the labor costs for the project
