You are a business analyst for a project that is currently in the execution phase. It is an engineering project that has specific statements of work calling for parts, specifications, and acceptable tolerance levels, along with price, delivery, and other contracted terms. This project has a budget and schedule that is baselined and has a management reserve of 5%. Use this scenario to address the following in 525 to 700 words using MS Word.Evaluate the 4 key areas you will focus your efforts on when analyzing and monitoring the scope of the project.Identify 3 monitoring activities or processes you would engage in to ensure product quality, cost, schedule, and risk run according to plan.Identify 3 controlling activities or processes you would engage in to ensure product quality, cost, schedule, and risk run according to plan.Identify 4 primary questions you will help answer in the closing phase.Identify 4 activities you might engage in or documents you may help deliver in the closing phase.Explain project termination for this engineering project. It will be integrated into the company’s existing product line manufacturing system once completed.

The ongoing process of systematically observing, measuring, and tracking a project's progress and…

Answered: You are a business analyst for a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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You are a business analyst for a project that is currently in the execution phase. It is an engineering project that has specific statements of work calling for parts, specifications, and acceptable tolerance levels, along with price, delivery, and other contracted terms. This project has a budget and schedule that is baselined and has a management reserve of 5%.

Use this scenario to address the following in 525 to 700 words using MS Word.

Evaluate the 4 key areas you will focus your efforts on when analyzing and monitoring the scope of the project.
Identify 3 monitoring activities or processes you would engage in to ensure product quality, cost, schedule, and risk run according to plan.
Identify 3 controlling activities or processes you would engage in to ensure product quality, cost, schedule, and risk run according to plan.
Identify 4 primary questions you will help answer in the closing phase.
Identify 4 activities you might engage in or documents you may help deliver in the closing phase.
Explain project termination for this engineering project. It will be integrated into the company’s existing product line manufacturing system once completed.

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