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Cost, Time and Metrics

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1. While cost and time are critical components of projects, how would you define the quality of a project? Please explain in detail.

2. Which metric does a project manager have most control over: cost variance, schedule variance, cost performance index, and schedule performance index? Please explain in detail.

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Solution Summary

The cost and time which are critical components of projects are determined. Which metric a project manager have over most control over is examined.

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The quality of a project is imperative to ensuring the end result is as expected based on the project scope objective. In order to obtaining high quality levels of project, the project manager oversees every particular as specified by the project blueprint. Let's take a look at types of particulars associated with the project deliverable tasks;

1. While cost and time are critical components of projects, how would you define the quality of a project? Please explain in detail.

Quality management within the area of projects for organizations relates to completing new initiatives towards producing high value output of products or services. Thus, the defined particulars are measured on core elements of reference that identifies the needed criteria for producing such products accordingly. In designing the initial project objectives to completing the scope, the aim is instill a defined quality matrix to ...

Solution provided by:
Nichel Anderson, MBA, PhD (IP)
Education
  • BA, American Intercontinental University
  • MBA, American Intercontinental University
  • PhD (IP), Grand Canyon University
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