Chapter 13:Project Evaluation and Control Learning Objectives Understand the nature of the control cycle and the four key steps in a general project control model. Recognize the strengths and weaknes

Learning Objectives

1. Understand the nature of the control cycle and the four key steps in a general project control model.
2. Recognize the strengths and weaknesses of common project evaluation and control methods.
3. Understand how Earned Value Management can assist project tracking and evaluation.
4. Use Earned Value Management for project portfolio analysis.
5. Understand critical issues in the effective use of Earned Value Management.
6. Understand behavioral concepts and other human issues in evaluation and control.
7. From Appendix 13.1: Understand the advantages of Earned Schedule methods for determining project schedule variance, schedule performance index, and estimates to completion.

Chapter 14:Project Closeout and Termination 

Learning Objectives

1. Distinguish among the four main forms of project termination.
2. Recognize the seven key steps in formal project closeout.
3. Understand key reasons for early termination of projects.
4. Know the challenges and components of a final project report.

Reflection and Discussion Forum Week 7

1. Reflect on the assigned readings for the week. Identify 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.

2. It has been said that Earned Value Management (EVM) came about because the Federal Government often used “Cost-plus” contractors with project organizations. Cost-plus contracting allows the contractor to recover full project development costs plus accumulate profit from these contracts. Why would requiring contractor firms to employ earned value management help the government hold the line against project cost overruns?

3. Why do so many projects end up terminated as a result of termination through starvation? Discuss the role that ego, power, and politics in this form of termination.

4. Why do “lessons learned” programs often fail to capture meaningful information that could help guide future projects?

[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].

[Your initial post should be at least450 wordsand 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]

Reference: Pinto, J. K. (2019). Project management: Achieving a competitive advantage (5th ed.). Boston:Pearson