The earned value analysis has led to see the project will control the actual budget, which is $18,000. The actual cost at the period 4 totaled to be $7,050, and total of earned value at period 4 is $7,750. The estimate at completion for typical is $22,550. These variances show that this project will exceed the original budget of $18,000, so we are still exceeding the project’s original budgets. The SPI is less than a value of 1, which means that the project will also over schedule and activity plans. The requests immediate actions from the third-party company.
This worker received a call back from the therapist Nicola reporting that he has been seeing the grandmother for about 4 months. He stated that she is diagnosed with major depression. He stated that Ms. Kelly has two children. Her oldest child lives with grandmother and he has anxiety and schizophrenia. Therapist stated that grandma is not able to take of him because of his depression. He reported that she is getting older.
Mom was very receptive in discussing Thomas’s behavior and services that will be provide to him. Mom stated Thomas, continue to have physical and verbal confrontation with his brother, which cusses her to feel stress out and overwhelmed. Mom stated that she has to yell and give out punishment to the boys almost every day and all day. Mom stated, she is encouraging Thomas to eat more nutritious foods, to help with gaining weight. Mom stated that she does have reliable transportation to take her kids to their appointments. Mom Thomas need to control his impulse and think before he reacts to anger situations. Mom stated she does not understand why Thomas fights and argues with his brother. Mom stated that Thomas behavior can go from zero to
Long call: I didn’t mark the call for transfer expectation per I felt the client had already provided the assigned team member’s (William’s) extension when requesting to speak to Marilyn. It wasn’t necessary to provide the information as I felt it would have disturb the natural flow of the call. Additionally , she fulfilled the client’s request as it relates to what she foreshadowed before the transfer. I think the explanation of the OOO process was fulfilled when Erika informs the client she will reach out to Marilyn which is covering for William or someone from their team per she returned from hold with someone from their team. I think she did a good job of owning the call by deviating from regular protocol as this allowed for a natural
For starters, one of the first measures that I would use as a means to intervene with Donovan would be something as simple as a phone call. According to the text, this is something that should be approached with caution, simply because, the client feeling that they are there for a quick fix, become lax, and wait for the clinician to pass judgement (Miller, Forechimes, & Zweben, 2011). With this taken into consideration, I would gradually start to introduce the basic screening questions and set up an appointment time and location so that Donovan and I can meet and get this process started. I feel like with this particular approach it would more than likely provide him with the motivation to participate in the evaluation process. Would you agree?
There are a lot of crimes happening around the world. There are some that are solved and the rest is still unresolved as of present times. This is the very reason why people result to getting private investigators, to get the right information for them. They should be able to get the details that are needed to solve the cases that are not resolved. We should also know the credentials of the investigators and the company. They should be licensed by the government above all.
Terrance came to our meeting today. We worked on his checklist, and mainly focused on the assignments and evaluations that Terrance needs to work on for PSYC 307. In PSYC 307, Terrance needs to take his Quiz # 12; this quiz is available until today (Monday) before midnight. Terrance also needs to work on his Assignment # 2, which his instructor gave a chance for improvement. We checked the D2L site for this class and printed the Study Guide to prepare for his final exam for the class.
A team meeting was held at Lutz today with Scott, his parents, this counselor, his teacher Mrs. Shannon, Vice Principle Nick DeVault, acting Principle John Nader, and Transition Coordinator Joe Delegato. The meeting was set to discuss Scott's participation in the STEP program and what his family is looking for when it comes to his MRS case and employment. Scott's teacher feels that STEP isn't necessarily the right placement for him and wanted to discuss this with the team. Scott's parents stated, " we have always felt like Scott has never been in the right placement. He is either to low functioning or two high functioning for the program he is in. We agree that his options need to be explored." His teacher Mrs. Shannon then went on to explain that although Scott does quality work on his sites, is always friendly, and hard working, there are a lot of concerns that are holding him back in the program. Shannon stated, " Scott has trouble staying focused, requires a lot of reminders, wonders a lot, takes a long time to complete a task (2 times the amount needed), is unable to work fast paced or multi-task, can't typically be left alone, and communicates inappropriately at times. Shannon stated that his need for constant supervisor and inappropriate communication is her biggest concern. Shannon stated that Scott often sings My
To better examine the financial data for the project, the CPI and SPI values must be completed. Table 1 presents the CPI and SPI values for each work package for the end of month two and three. The targeted values for CPI and SPI should equal one (Kerzner, 2013). Since all the values in Table 1 are under one, both the cost and the schedule performance are favorable.
Project management is to forecast and track costs to avoid cost overruns. Poor management leads to rising cost. Effective project management identifies such possible sources of cost overruns early and mitigates their effect. This paper explains the underlying causes of project cost overruns and provides some cost estimating methods used to avoid the overruns in the project.
Actual Cost Budget at Completion Benefit Cost Ratio Cost Benefit Ratio Cost Performance Index Cost Variance Duration Estimate at Completion Early Finish Expected Monetary Value Early Start Estimate to Complete Earned Value Future Value Internal Rate of Return Late Finish Late Start Net Present Value Program Evaluation and Review Technique Point of Total Assumption Planned Value Present Value Return on Investment Schedule Performance Index Schedule Variance Variance at
In short, the current status of your project is not projected to realize its planned ROI. In fact, you’ve incurred additional costs that could have been avoided.
The budget for the project is estimated as $186,640.00. The details of the budget is,
Unlike conventional forms of financial management, cost management has a backbone effect in any kind of project management as not only does it ensures efficiency in terms of costs, but also efficiency in terms of time and output. The aim to incorporate cost management in organizational operations especially when planning outputs or evaluating viability of a project, cost management helps giving out result oriented indicators that help in decision making that can reduce the level of risk of misjudgement (Richman, 2002). That said, cost management is based on a lot of assumptions, presumptions and fluctuating factors that may implicate the indicators given out by existing cost schedules. This calls for cost schedules to be flexible and keep enough room to accommodate any instability or unforeseen changes and also calls for making certain assumptions so that variables that can fluctuate at a high rate can be stabilized when making calculations.
In the event there was poor estimating techniques used will cause risk management into the process to have to overcome unknowns. Some techniques to improve the poor estimating techniques is developing the process. According to Kerzner (2013), functional managers typically allocate the possibility additional required time or cost for cushion. The inflation of the allocated time or cost will time to ratify challenges. But in order to prevent poor estimating time in the future our organization can talk to additional industry leaders whom have undertaken a certain type of project. Talking to other industry leaders will allow direct feedback and possibilities to plan for to reduce poor estimating in future projects. In addition to other’s industrial leaders is to use dummy variables for project estimating techniques. By using dummy variables will provide ample lagged variables to essentially collect all required data (Pfeffer and Davis-Blake, 1986). For example using the variance analysis figures could allow some additional cost for materials.