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Q). Write a brief paragraph with a logical justification of your guidance. Take into an account the following considerations: size of a project matters, since

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Q). Write a brief paragraph with a logical justification of your guidance. Take into an account the following considerations:

  • size of a project matters, since large projects are more difficult to manage.
  • accuracy of initial estimate is indicative of a previous experience of a project manager
  • accuracy of the last estimate shows how diligent a manager has been during a course of a project
Overview of the Assignment: A Senior Executive needs to select the best Project Manager from four candidates. The only criterion for this selection is the demonstrated skill to reasonably predict the outcome of a project. Table below shows the estimation accuracy (1-(actual/estimate)) of four projects. Project #1 Project #2 Project #3 Project #4 Milestone 1 Milestone 2 Milestone 3 Milestone 4 Actual Estimate Accuracy Estimate Accuracy Estimate Accuracy Estimate Accuracy Delivery 4 - 100% 5 -60% 6 -33% 7 -14% 8 4 -150% 16 38% 5 -100% 7 -43% 10 8 -200% 9 -167% 10 - 140% 11 -118% 24 8 ??? 10 ??? 12 ??? 14 ??? 16 Estimation Accuracy of three projects. Project #1 Project 2 EN 2 -30% 1 40N -60% -0% 150 -130 Project #3 100% Here is the analysis of three charts. 1. Over the course of her project, the first project manager steadily improved the accuracy of her prediction. The initial accuracy of 100% is steadily approaching the "being right on the money". 2. The second project manager had to deal with several unusual issues and his accuracy jumped as a jig saw. Still, at the end, he was able to steer the project to a successful completion. 3. The third project struggled in an unchartered territory, although was able to complete the venture Overview of the Assignment: A Senior Executive needs to select the best Project Manager from four candidates. The only criterion for this selection is the demonstrated skill to reasonably predict the outcome of a project. Table below shows the estimation accuracy (1-(actual/estimate)) of four projects. Project #1 Project #2 Project #3 Project #4 Milestone 1 Milestone 2 Milestone 3 Milestone 4 Actual Estimate Accuracy Estimate Accuracy Estimate Accuracy Estimate Accuracy Delivery 4 - 100% 5 -60% 6 -33% 7 -14% 8 4 -150% 16 38% 5 -100% 7 -43% 10 8 -200% 9 -167% 10 - 140% 11 -118% 24 8 ??? 10 ??? 12 ??? 14 ??? 16 Estimation Accuracy of three projects. Project #1 Project 2 EN 2 -30% 1 40N -60% -0% 150 -130 Project #3 100% Here is the analysis of three charts. 1. Over the course of her project, the first project manager steadily improved the accuracy of her prediction. The initial accuracy of 100% is steadily approaching the "being right on the money". 2. The second project manager had to deal with several unusual issues and his accuracy jumped as a jig saw. Still, at the end, he was able to steer the project to a successful completion. 3. The third project struggled in an unchartered territory, although was able to complete the venture

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