PPMP20010: Project Status Report - Time-Based - Event-Based - Project Management Assignment Help

Assignment Task:

Part A

Project Status Report (time-based)

1 PROJECT INFORMATION
Project reporting is the act of collecting and distributing project information. Project information is distributed to many groups of stakeholders and should be adapted to provide information at an appropriate level, format, and detail for each type of stakeholder (PMBOK® Guide, 2017, section 10.2.2.5.). 
Reports are either time-based or event-based. The time-based reporting interval for this sub-project is 4 weeks.
Please complete the time-based status report at the end of week 8 for the case study provided within the assessments section in Moodle. (Heathrow Terminal 5 project, main terminal roof erection sub-project).
Supporting documentation for the case study is listed in Moodle. Please familiarise yourself with the information provided, especially about the main terminal roof design and erection method.

2 GANTT CHART WITH BUDGETED COST
This chart represents the original baseline plan for the project. The original Excel file is available on Moodle.

3 ACTUAL PERFORMANCE
This chart represents the work performed with the actual cost incurred. The data date is the end of week 8. The original Excel file is available on Moodle.

4 VARIANCE ANALYSIS
Complete the table below. Calculate the values at the data date and show the formula used. 

Describe the current status of the project in terms of time and cost performance.

Part B 

Exception Report (event-based)

An exception report is produced when a stage plan or project plan is forecast to exceed tolerance levels set. It is prepared by the project manager in order to inform the project board of the situation, and to offer options and recommendations for the way to proceed. (Managing Successful Projects with PRINCE2, 2017, Section A.10).

An exception report is event driven and is compiled by the project manager as soon as tolerances are forecast to be exceeded.

Please complete the report in the context of the case study provided within the assessments section on the unit Moodle website.(Heathrow Terminal 5 project, main terminal roof erection sub-project).

The report is to follow the PRINCE2 (2017) format for exception reports, as described in Appendix A.10.

The Heathrow terminal 5 main building roof erection is considered to be a project stage for the purpose of this exercise, with the following tolerances allowed:
Cost:    + 10%    -15%
Time:    +1 week, no negative tolerance given.

1. ESTABLISH THE NEED FOR AN EXCEPTION REPORT
Motivate your decision to compile and submit an exception report to the Project Board.

Provide reasons and supporting documentation for your decision.

Complete the report with all relevant and necessary information as per Appendix A.10 in PRINCE2 (2017)

Carefully study the report derivation (inputs), format and presentation and quality criteria.

Describe the possible consequences in the context of the full Heathrow Terminal 5 project, its stakeholder expectations and challenges (see literature as per the links provided).

2. LEARNING FROM THIS EXERCISE

Answer the questions below in your own words.

Question 1
What are the differences between a time-based report and an events-based report?

Question 2
What are the advantages and disadvantages of an events-based report for the project?

Question 3
What are the advantages and disadvantages of an events-based report for the project manager and the project management team?

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