For Milestone Two, you will have the opportunity to examine the planning measures used in the project, assess the budget of the project, and identify major project risks and corresponding control tact

QSO 645 Milestone Two Guidelines and Rubric Overview: The purpose of Milestone Two is to help you prepare for the final project by allowing you to review specific elements of your chosen project. You will describe, assess, and evaluate planning, budget, and risk measures taken in the project , and you will consider areas that were handled well and specific areas where improvements could have been made. You are expec ted to gather information from both the course and outside resources to assist in preparation for your thorough assessment of all knowledge areas at the end of the course. Once complete, this milestone will become a c omponent of the final project . Prompt: Examine the planning measures that were used in the project, assess the budget of the project, and identify major project ris ks and corresponding control tactics. Specifically , the following critical elements must be addressed: IV. Planning measures A. Describ e how the schedule was executed and managed, including specific planning measures that were utilized during the project. B. Assess any discrepancies in the timeline, and explain how the project manager could have handled or avoided them. V. Budget A. Assess the budget of the project, including a description of efficiencies and inefficiencies in how the budget was managed. B. Explain possible contingency allotments and limitations . C. Recommend any adjustments to the budget that were necessary, providing reasoning. VI. Risks and control tactics A. Evaluate the risk response planning executed based on the major project risks and control tactics, and explain the missed and exploited opportunities in the project. B. Summarize qualitative and quantitative measurements of major p roject risks. Rubric Guidelines for Submission: Your pap er should be a 4 - to 5 -page Microsoft Word document with double spacing, 12 -point Times New Roman font, one -inch margins, and at least three sources cited in APA format. Critical Elements Proficient (100% ) Needs Improvement (75% ) Not Evident (0% ) Value Planning Measures: Schedule Describes how the schedule was executed and managed, including specific planning measures that were utilized during the project Describes how the schedule was executed and managed, but description is lacking detail or contains inaccuracies Does not describe how the schedule was executed and managed 12 Planning Measures: Discrepancies Assesses any discrepancies in the timeline, and explains how the project manager could have handled or avoided them Assesses any discrepancies in the timeline, but assessment is cursory, lacks explanation of how they could have been handled or avoided, or contains inaccuracies Does not assess discrepancies in the timeline 12 Budget: Efficiencies and Inefficiencies Assesses the budget of the project, including a description of ef ficiencies and inefficiencies in how the budget was managed Assesses the budget of the project, including a description of efficiencies and inefficiencies in how the budget was managed, but assessment is cursory, or description is incomplete or contains inaccuracies Does not assess the budget of the project, including a description of efficiencies and ineffic iencies in how the budget was managed 15 Budget: Allotments and Limitations Explains possible contingency allotments and limitations Explains contingency allotments and limitations, b ut explanation is inappropriate or cursory or contains inaccuracies Does not explain contingency allotments and limitations 12 Budget: Adjustments Recommends any adjustments to the budget that were necessary, providing reasoning Recommends adjustments to the budget, but recommendations are un necessary or inappropriate, incomplete, without reason, or contain inaccuracies Does not recommend adjustments to the budget 15 Risk and Control Tactics: Risk Response Planning Evaluates the risk response planning executed based on the major project risks and control tactics, and ex plains the missed and exploited opportunities in the project Evaluates the risk response planning executed, and explains the missed and exploited opportunities in the project, but evaluation is cursory, not based on project risks or control tactics, illogi cal, or contains inaccuracies Does not evaluate the risk resp onse planning executed and does not explain the missed and exploited opportunities in the project 12 Risk and Control Tactics: Measurements Summarizes qualitative and quantitative measurements of major project risks Summarizes qualitative and quantitative measurements of major project r isks, but summary is incomplete or lacking detail or contains inaccuracies Does not summarize qualitative and quantitative measurements of major project risks 15 Articulation of Response Submission has no major errors related to citations, grammar, spelling, syntax, or organization Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and ar ticulation of main ideas Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas 7 Total 100%