Case Study Analysis : Franklin Electronics

1409 WordsJan 1, 20166 Pages
Case Study Analysis and Proposal: Franklin Electronics Monitoring and control activities are essential components to effective project management (Chrissis, Konrad, & Shrum, 2011; PMI, 2013). The main purpose of monitoring and control activities are to having an understanding of project progress/performance against the agreed upon plan, identify potential risks, provide accurate forecasts, and to ensure corrective actions are taken when necessary (Chrissis et al., 2011; PMI, 2013). Successful cost and schedule control involves much more than merely monitoring project progress and costs, it involves thorough analysis of the data (Kerzner, 2013, p. 738). One of the most effective tools for performance measurement, monitoring, and control is earned value management (EVM); a powerful technique which employs quantitative data to objectively monitor and control project progress (De Marco & Narbaev, 2013). This document provides an analysis of the case study entitled “Franklin Electronics” found within Kerzner’s (2013) textbook “Project Management: A Systems Approach to Planning, Scheduling, and Controlling” (11th ed.). The paper will answer the seven case study questions posed by Kerzner (2013) related to the implementation of EVM by Franklin Electronics. In addition, the paper will offer a proposal to Franklin Electronics which will assist in getting the project back on track. Case Study Questions For the first time in the company’s history, Franklin Electronics is being

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