Measurement PD: Earned Value Analysis within a Project Scenario This is a team exercise, randomized groups will be assigned on the day of the scenario. Note that this exercise will be held only once, in class. The Project Management context for this assignment: "Measurement involves assessing project performance and implementing appropriate responses to maintain optimal performance." (PMBOK, pg- 93) Project Managers are constantly observing the progress of work toward the intended final product, with a special focus on adherence to the planned project budget and schedule. This involves using the best measurable data that are available, such as dollars spent vs. the planned budget, days/hours ahead or behind schedule, and how much of the work has been completed. Overview of this project simulation: In this project simulation, you will manage 2 weeks (10 days) of work within a simple software development project by a team of 10 software coders. You will be presented with daily situations that may impact your team's work productivity, and each one presents a unique challenge to your progress in accomplishing the project deliverable. You will select advantageous approaches in each case. Following the 2 weeks of software coding, you will analyze your project team's progress using Earned Value Analysis. Components: 1. On the day of the competition: a. The professor will provide key information about the project scenario which will be the context for this exercise. b. The professor will describe daily situations, for a total of 10 days, that will each present a unique challenge to your progress in accomplishing the project deliverable, which will be for your coders to complete the software coding on schedule on day 10. c. On each day in the simulation, you will select one response from a list of options. d. Based on your responses, the progress of your project will be calculated before moving on to the next day in the simulation . Note that this exercise will likely take approximately 1 hour of class time; all team members must be present and participate. 2. Following the competition: a. After the 10-day scenario is finished you will have till end of day 11:59pm to complete and submit a brief written report (1 per group) which will: Write 4 reflections (bullet point format] about day-to-day management of a project team that you learned through this exercise. Provide any responses you would change in future events. Rubric: 10 out of 10: 1. Participation in simulation 2. The notes on day-to-day management of a project team are well explained & give evidence of reflection on the scenario; 3. AND ( if required) the proposed tactics are reasonable, logical and likely to be successful. 9 out of 10: As stated above (for 10 out of 10), except: 1. Participation in simulation 2. The notes on day-to-day management of a project team are well explained & give evidence of reflection on the scenario; 3. (if required) one of the proposed tactics is not reasonable, logical or likely to be successful. 8 out of 10: As stated above (for 10 out of 10), except: 1. Participation in simulation 2. The notes on day-to-day management of a project team are well explained & give evidence of reflection on the scenario; 3. (if required) two of the proposed tactics are not reasonable, logical or likely to be successful. 7 out of 10: As stated above (for 10 out of 10), except: 1. Participation in simulation 2. The notes on day-to-day management of a project team are well explained & give evidence of reflection on the scenario; 3. The reflection statements are related to the scenario exercise but don't demonstrate a serious thought process in evaluating this exercise as a learning opportunity- . No grade otherwise