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RubricRubric for Assignment 5a- MetricsMaxYour
PointsCommentsTop 3Top 2 for each category 1 and why
selected20Top 2 for each category 2 and why selected20Top 2
for each category 3 and why selected20Target Values for 6
Metrics years 1-320Clear Units5Top 6 Metrics Steps to
Achieve10Grammar - Organization - Spelling5Late Total
100095Consider that you are starting a PMO in your company
using the previously developed PMO Charter. Starting on Page
86 in Gerard Hill’s book, list the top 2 metrics that would apply
best to your company in each of the three categories: Process
Management and Improvement Metrics, Project Performance
Metrics, and Business Management Metrics and why you are
selecting them. You should tie the selection of metrics to the
needs analysis you completed in Unit 4 for your company. (PRJ-
60)Submit a Word Doc and Table with the two metrics under
each of the three categories. (Total of 6 metrics should be on
the table.)In the same Word Doc, list the top 6 metrics above
for your company PMO that you wrote your charter on, explain
why you selected the six based on your needs analysis
completed in Unit 4 and denote their target values for year 1,
year 2 and year 3. Display the units clearly for you metrics. For
each metric of the top 6 use at least 75 words per metric that
would describe any specific steps you would need take to in
your company to achieve your targets for each metric.
MetricsProcess Management and Improvement MetricsProcess
Management Methodology ProcessesTechnical
ProcessesBusiness ProcessesResource Management
ProcessesPMO Support ProcessesProject Performance
MetricsBudgetScheduleResource ManagementRisk
ManagementQuality AssuranceBusiness Management
MetricsContract and Agreement MetricsCustomer Satisfaction
MetricsProject Portfolio Management MetricsFinancial Metrics
STAT200 Introduction to Statistics
Assignment #1: Statistics Data Analysis Plan
Assignment #1: Prepare Descriptive Statistics Data Analysis
Plan
Before conducting any statistical analyses, researchers develop
a plan for how they will analyze their data to answer their
research questions. The purpose of this assignment is to provide
experience developing and executing a descriptive statistics
analysis plan using real world data to answer a practical
question.
Note: This first assignment develops and executes a preliminary
plan using a subset of the data to create tables and graphs to
address the assigned task. The second assignment will involve
carrying out the plan in greater detail, after receiving in class
feedback from your instructor.
Assignment Steps:
Step #1: Understanding the task to be addressed:
You are interviewing for a new job as a Financial Advisor and
have been asked to perform the following task:
Using the provided real world data determine the budgetary
expenditures for groceries (food) your client should anticipate,
assuming your client has the following social/economical family
profile.
In Assignment 2 you will have leeway in selecting your client’s
social/economical family profile.
Profile:
Family Income $97,000.00
Marital Status Single
Family Size Three (3)
Age Forty five (45)
Step #2: Review the provided sample data set provided.
The data is a subsample from the US Department of Labor’s
Consumer Expenditure Surveys (CE) and provides information
about the composition of households and their annual
expenditures (https://www.bls.gov/cex/). Detailed information
on the sample and variables is included with the data set file;
please carefully review this information to familiarize yourself
with the data
Note: This data set will be used for all three of this term’s
written assignments.
Step 3: Complete the following Table
Do not enter data here. Enter data in the Attachment for
submitting Assignment 1
Variable
Categorize*
Minimum
Maximum
Mean
Shape (L, R, S)
Outlies**
Income
Family Size
Groceries (Food)
* Abbreviations: C for category, Q for Quantitative
** Identify outliers by Id number or enter zero
Step 4: Graph (Dot plot, Histogram and Box and Whiskers) for
the following variables and the associated table using Statkey.
(2 graphs/table per page-see step 7)
Income
Income vs Marital Status
Groceries vs Income
Describe at least one important characteristic observed from the
graph of each of the variables.
Step 5 Based upon the data provided: What is the
appropriate grocery budgetary expenditure you would
recommend for your client?
Step 6 Explain in bullet form, in a clear and orderly
procedure, the method used (steps) in determining your
recommended budgetary expenditure. List the subjects used in
your analysis by Identification Number. Include the rational
used to determine the subjects used in the analysis.
Step 7 This Assignment is to be submitted using the
formatted file attachment for submitting the assignment in the
Assignment 1 folder.
2019 Stat 200 4015 Fall Dataset2019 Stat 200 4015 Fall 1
DatasetUnique ID#SE MaritalStatusSE IncomeSE Age Head
HouseholdSE FamilySizeUSD FoodUSD MeatUSD BakeryUSD
Fruits1Not Married9574452470409063537532Not
Married9486760169359183517463Not
Married9624456470739183387734Not
Married9871740370368893487685Not
Married9669749269718983577796Not
Married9688644269829173597527Not
Married9492959269488993457718Not
Married9665351469438803527819Not
Married96928433695388734375910Not
Married96522434699192234975811Not
Married96572592717988035374412Not
Married96621542700091134476813Not
Married96690572682288034976414Not
Married96664533705190634677215Not
Married95366482713090434476016Married10094735484559104
15100117Married114505365113751368537112418Married95865
46193211159447100619Married9583554391111098452102720
Married10035031590441015407114221Married11355831510346
1343515112222Married9570652489251207454100323Married10
6906513113561434493128624Married109377484105751492517
109625Married102081424117381348484137926Married1030013
44894786442795127Married110553234105751346531109028M
arried106977563106111320546112029Married10189048211089
1481541115730Married10056518384798933701068
Written Assignment # 2
1. Use Scenario from Written Assignment # 1
Family Income $97,000.00
Marital Status Single
Family Size Three (3)
Age Forty five (45)
2. If you have selected less than 4 representative subjects in
your Written Assignment # 1, include additional appropriate
subjects to bring the number of subjects in your analysis up to
4.
List the subjects being used in the analysis by Id number here.
1. ID# 2
2. ID# 6
3. ID# 16
4. ID# 21
3. Provide a Histogram, Dot plot and a Box and Whisker Plot
of the Groceries (Food) variable for the subjects being used in
your analysis. Comment on what you have gleaned from
reviewing the graphs with respect to recommending a Grocery
budget for you client.
Include comments addressing the graphs here. Paste graphs,
using the snipping tool, at the end of this attachment.
4. For the subjects being used in your analysis fill in the
below table.
Groceries
Variable
Numerical value
Mean
Median
Range
Q1, Q3
5. Calculate a Confidence Interval, 90% and 95%, for the
subjects being used in the analysis.
90% __________________ _________________
95% __________________ _________________
6. Based upon your analysis: What budgetary number are you
recommending for your client?
Why (Short explanation)?
Based upon your analysis: What range of values do you
believe is appropriate for the budgetary number you are
recommending.
Why (Short explanation)?
123486878889909293949596
PMGT 580 Unit 5
Management, Metrics and Tools in a PMO
Note: Reference material is The Complete Project Management
Office Handbook by Gerard M. Hill and Business Driven PMO
Setup by Mark Price Perry.
Overview
“Tell me how you measure me and I will show you how I
behave.”
This key principle is relevant to Project Management Offices. It
is important that your PMO has metrics or otherwise your teams
will not appreciate the value. This Unit focuses on how metrics
and tools are used to build successful PMOs.
Unit 5 Objectives
You will be able to answer the following questions about this
topic.
What are tools that might be considered in the design and
sustainment of a PMO?
How should these tools be selected, implemented, and then
evaluated after implementation?
What is a PMO architecture and how does it apply to standards
and metrics?
What are the common components of a PMO architecture?
Why is it that one project management tool or application
cannot meet the needs of a PMO?
What types of tools are needed in the various process group
areas like initiating, planning, etc.. within PMI?
What are the standards that can be used to design and sustain a
PMO?
How these standards should be applied to the PMO?
What metrics should be considered and how to use them?
Discussion
What tools have you used within your projects or PMOs?
PMO Tools
Project Life cycle management
Project Planning and oversight
Project Collaboration
Document management
Business Systems
Project Environment Support
Tool Selection, Implementation and EvaluationSelected Project
Management ToolImplemented Project Management
ToolsEvaluate Tool PerformanceIdentify the need for project
management tools
Examine general types of project management tools
Assess specific project management tools
Acquire project management toolsPlan tool implementation
Plan tool transition
Conduct tool use training
Conduct tool implementationIdentify and resolve utilization
problems
Identify and resolve functional problems
Assess overall tool effectiveness
Discussion
Why is it that one project management tool or application
cannot meet the needs of the PMO?
Size of PMO
Cost
Executive Support
Hardware requirements
Resource capability
Familiarization with current tools
Contractual requirements
Training requirements
Project Manager
ToolsInitiatePlanExecuteControlClosedBrainstorming
Feasibility analysis
Business Case
Budget estimates
Scorecarding
Collaboration
PresentationRequirements
Scoping
Cost
Quality planning
Risk Planning
Collaboration
PresentationKickoffs
Assessments
Contract Reports
Issue logs
Changes logs
Status Reporting
Collaboration
PresentationPerformance
Reports
Budget update
Scope update
Risk Register
Approved Changes
Collaboration
PresentationLessons learned
Estimating Updates
Performance Review
Improvement Plan
Project archives
Collaboration
Presentation
Word
Excel
Teamsites
Document Mgt
PowerPoint
MindmapperWord
Excel
Visio
Project
PPM
Teamsites
Document Mgt
PowerPoint
MindsnapperWord
Excel
Project
PPM
Teamsites
Document Mgt
PowerPoint
Word
Excel
Project
PPM
Teamsites
Document Mgt
PowerPoint
Word
Excel
Project
PPM
Teamsites
Document Mgt
PowerPoint
Activities
Tools
PMO Architecture
PMO architecture is all about understanding the many different
components that make up the PMO and how those components
relate.
Common Components of a PMO Architecture
Project Portfolio Management (PPM) application component
Collaboration platform component
Desktop Tools Component
PMO content assets component
PMO Architecture
Figure 5.4 PMO Architecture, see Perry’s book
Discussion: How does the PMO architecture apply to standards
and metrics?
PMO’s Standards and Metrics Function modelImplement Project
Management StandardsDetermine Project Metrics
RequirementsIntroduce and Use Project MetricsExamine
standards sources
Identify applicable standards
Introduce preferred standards
Conduct benchmarkingIdentify process management and
improvement metrics
Identify project performance metrics
Identify business management metricsEstablish measurements
plan
Compare performance
Establish corrective actions
General Sources of Standards
Project Management Practices
Ex. Project Management Institute A Guide to the Project
Management Body of Knowledge (PMBOK)
Project Management Maturity
Organizational Project Management Maturity Model or OPM3®
is a globally recognized best-practice standard for assessing and
developing capabilities in Portfolio Management.
Technical Capability
Capability Maturity Model Integration (CMMI®)
Project Management Competency
PMI Project Manager Competency Development (PMCD)
Framework
Organizational Certification
Ex. International Standards Organization (ISO), Malcolm
Balridge National Quality Award
Project Performance Metrics
Budget
Schedule
Resource Management
Risk Management
Quality Assurance
Business Management Metrics
Contract and Agreement Metrics
Customer Satisfaction Metrics
Project Portfolio Management (PPM) Metrics
Financial Metrics
Establish Metrics Measurement Plan
Compare/Analyze Metrics Performances
Take corrective actions
Key word for those absent
Listen to recording!

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RubricRubric for Assignment 5a- MetricsMaxYour PointsCommentsTop.docx

  • 1. RubricRubric for Assignment 5a- MetricsMaxYour PointsCommentsTop 3Top 2 for each category 1 and why selected20Top 2 for each category 2 and why selected20Top 2 for each category 3 and why selected20Target Values for 6 Metrics years 1-320Clear Units5Top 6 Metrics Steps to Achieve10Grammar - Organization - Spelling5Late Total 100095Consider that you are starting a PMO in your company using the previously developed PMO Charter. Starting on Page 86 in Gerard Hill’s book, list the top 2 metrics that would apply best to your company in each of the three categories: Process Management and Improvement Metrics, Project Performance Metrics, and Business Management Metrics and why you are selecting them. You should tie the selection of metrics to the needs analysis you completed in Unit 4 for your company. (PRJ- 60)Submit a Word Doc and Table with the two metrics under each of the three categories. (Total of 6 metrics should be on the table.)In the same Word Doc, list the top 6 metrics above for your company PMO that you wrote your charter on, explain why you selected the six based on your needs analysis completed in Unit 4 and denote their target values for year 1, year 2 and year 3. Display the units clearly for you metrics. For each metric of the top 6 use at least 75 words per metric that would describe any specific steps you would need take to in your company to achieve your targets for each metric. MetricsProcess Management and Improvement MetricsProcess Management Methodology ProcessesTechnical ProcessesBusiness ProcessesResource Management ProcessesPMO Support ProcessesProject Performance MetricsBudgetScheduleResource ManagementRisk ManagementQuality AssuranceBusiness Management MetricsContract and Agreement MetricsCustomer Satisfaction MetricsProject Portfolio Management MetricsFinancial Metrics STAT200 Introduction to Statistics
  • 2. Assignment #1: Statistics Data Analysis Plan Assignment #1: Prepare Descriptive Statistics Data Analysis Plan Before conducting any statistical analyses, researchers develop a plan for how they will analyze their data to answer their research questions. The purpose of this assignment is to provide experience developing and executing a descriptive statistics analysis plan using real world data to answer a practical question. Note: This first assignment develops and executes a preliminary plan using a subset of the data to create tables and graphs to address the assigned task. The second assignment will involve carrying out the plan in greater detail, after receiving in class feedback from your instructor. Assignment Steps: Step #1: Understanding the task to be addressed: You are interviewing for a new job as a Financial Advisor and have been asked to perform the following task: Using the provided real world data determine the budgetary expenditures for groceries (food) your client should anticipate, assuming your client has the following social/economical family profile. In Assignment 2 you will have leeway in selecting your client’s social/economical family profile. Profile: Family Income $97,000.00 Marital Status Single Family Size Three (3) Age Forty five (45) Step #2: Review the provided sample data set provided.
  • 3. The data is a subsample from the US Department of Labor’s Consumer Expenditure Surveys (CE) and provides information about the composition of households and their annual expenditures (https://www.bls.gov/cex/). Detailed information on the sample and variables is included with the data set file; please carefully review this information to familiarize yourself with the data Note: This data set will be used for all three of this term’s written assignments. Step 3: Complete the following Table Do not enter data here. Enter data in the Attachment for submitting Assignment 1 Variable Categorize* Minimum Maximum Mean Shape (L, R, S) Outlies** Income Family Size Groceries (Food)
  • 4. * Abbreviations: C for category, Q for Quantitative ** Identify outliers by Id number or enter zero Step 4: Graph (Dot plot, Histogram and Box and Whiskers) for the following variables and the associated table using Statkey. (2 graphs/table per page-see step 7) Income Income vs Marital Status Groceries vs Income Describe at least one important characteristic observed from the graph of each of the variables. Step 5 Based upon the data provided: What is the appropriate grocery budgetary expenditure you would recommend for your client? Step 6 Explain in bullet form, in a clear and orderly procedure, the method used (steps) in determining your recommended budgetary expenditure. List the subjects used in your analysis by Identification Number. Include the rational used to determine the subjects used in the analysis. Step 7 This Assignment is to be submitted using the formatted file attachment for submitting the assignment in the Assignment 1 folder. 2019 Stat 200 4015 Fall Dataset2019 Stat 200 4015 Fall 1 DatasetUnique ID#SE MaritalStatusSE IncomeSE Age Head
  • 5. HouseholdSE FamilySizeUSD FoodUSD MeatUSD BakeryUSD Fruits1Not Married9574452470409063537532Not Married9486760169359183517463Not Married9624456470739183387734Not Married9871740370368893487685Not Married9669749269718983577796Not Married9688644269829173597527Not Married9492959269488993457718Not Married9665351469438803527819Not Married96928433695388734375910Not Married96522434699192234975811Not Married96572592717988035374412Not Married96621542700091134476813Not Married96690572682288034976414Not Married96664533705190634677215Not Married95366482713090434476016Married10094735484559104 15100117Married114505365113751368537112418Married95865 46193211159447100619Married9583554391111098452102720 Married10035031590441015407114221Married11355831510346 1343515112222Married9570652489251207454100323Married10 6906513113561434493128624Married109377484105751492517 109625Married102081424117381348484137926Married1030013 44894786442795127Married110553234105751346531109028M arried106977563106111320546112029Married10189048211089 1481541115730Married10056518384798933701068 Written Assignment # 2 1. Use Scenario from Written Assignment # 1 Family Income $97,000.00 Marital Status Single Family Size Three (3) Age Forty five (45) 2. If you have selected less than 4 representative subjects in your Written Assignment # 1, include additional appropriate subjects to bring the number of subjects in your analysis up to 4.
  • 6. List the subjects being used in the analysis by Id number here. 1. ID# 2 2. ID# 6 3. ID# 16 4. ID# 21 3. Provide a Histogram, Dot plot and a Box and Whisker Plot of the Groceries (Food) variable for the subjects being used in your analysis. Comment on what you have gleaned from reviewing the graphs with respect to recommending a Grocery budget for you client. Include comments addressing the graphs here. Paste graphs, using the snipping tool, at the end of this attachment. 4. For the subjects being used in your analysis fill in the below table. Groceries Variable Numerical value Mean Median Range Q1, Q3 5. Calculate a Confidence Interval, 90% and 95%, for the subjects being used in the analysis.
  • 7. 90% __________________ _________________ 95% __________________ _________________ 6. Based upon your analysis: What budgetary number are you recommending for your client? Why (Short explanation)? Based upon your analysis: What range of values do you believe is appropriate for the budgetary number you are recommending. Why (Short explanation)?
  • 8. 123486878889909293949596 PMGT 580 Unit 5 Management, Metrics and Tools in a PMO Note: Reference material is The Complete Project Management Office Handbook by Gerard M. Hill and Business Driven PMO Setup by Mark Price Perry. Overview “Tell me how you measure me and I will show you how I behave.” This key principle is relevant to Project Management Offices. It is important that your PMO has metrics or otherwise your teams will not appreciate the value. This Unit focuses on how metrics and tools are used to build successful PMOs. Unit 5 Objectives You will be able to answer the following questions about this topic. What are tools that might be considered in the design and sustainment of a PMO? How should these tools be selected, implemented, and then evaluated after implementation? What is a PMO architecture and how does it apply to standards
  • 9. and metrics? What are the common components of a PMO architecture? Why is it that one project management tool or application cannot meet the needs of a PMO? What types of tools are needed in the various process group areas like initiating, planning, etc.. within PMI? What are the standards that can be used to design and sustain a PMO? How these standards should be applied to the PMO? What metrics should be considered and how to use them? Discussion What tools have you used within your projects or PMOs? PMO Tools Project Life cycle management Project Planning and oversight Project Collaboration Document management Business Systems Project Environment Support Tool Selection, Implementation and EvaluationSelected Project Management ToolImplemented Project Management ToolsEvaluate Tool PerformanceIdentify the need for project management tools Examine general types of project management tools Assess specific project management tools Acquire project management toolsPlan tool implementation Plan tool transition Conduct tool use training Conduct tool implementationIdentify and resolve utilization problems
  • 10. Identify and resolve functional problems Assess overall tool effectiveness Discussion Why is it that one project management tool or application cannot meet the needs of the PMO? Size of PMO Cost Executive Support Hardware requirements Resource capability Familiarization with current tools Contractual requirements Training requirements Project Manager ToolsInitiatePlanExecuteControlClosedBrainstorming Feasibility analysis Business Case Budget estimates Scorecarding Collaboration PresentationRequirements Scoping Cost Quality planning Risk Planning Collaboration PresentationKickoffs Assessments Contract Reports Issue logs Changes logs Status Reporting
  • 11. Collaboration PresentationPerformance Reports Budget update Scope update Risk Register Approved Changes Collaboration PresentationLessons learned Estimating Updates Performance Review Improvement Plan Project archives Collaboration Presentation Word Excel Teamsites Document Mgt PowerPoint MindmapperWord Excel Visio Project PPM Teamsites Document Mgt PowerPoint MindsnapperWord Excel Project PPM Teamsites Document Mgt PowerPoint Word
  • 12. Excel Project PPM Teamsites Document Mgt PowerPoint Word Excel Project PPM Teamsites Document Mgt PowerPoint Activities Tools PMO Architecture PMO architecture is all about understanding the many different components that make up the PMO and how those components relate. Common Components of a PMO Architecture Project Portfolio Management (PPM) application component Collaboration platform component Desktop Tools Component PMO content assets component PMO Architecture Figure 5.4 PMO Architecture, see Perry’s book Discussion: How does the PMO architecture apply to standards and metrics?
  • 13. PMO’s Standards and Metrics Function modelImplement Project Management StandardsDetermine Project Metrics RequirementsIntroduce and Use Project MetricsExamine standards sources Identify applicable standards Introduce preferred standards Conduct benchmarkingIdentify process management and improvement metrics Identify project performance metrics Identify business management metricsEstablish measurements plan Compare performance Establish corrective actions General Sources of Standards Project Management Practices Ex. Project Management Institute A Guide to the Project Management Body of Knowledge (PMBOK) Project Management Maturity Organizational Project Management Maturity Model or OPM3® is a globally recognized best-practice standard for assessing and developing capabilities in Portfolio Management. Technical Capability Capability Maturity Model Integration (CMMI®) Project Management Competency PMI Project Manager Competency Development (PMCD) Framework Organizational Certification Ex. International Standards Organization (ISO), Malcolm Balridge National Quality Award Project Performance Metrics Budget
  • 14. Schedule Resource Management Risk Management Quality Assurance Business Management Metrics Contract and Agreement Metrics Customer Satisfaction Metrics Project Portfolio Management (PPM) Metrics Financial Metrics Establish Metrics Measurement Plan Compare/Analyze Metrics Performances Take corrective actions Key word for those absent Listen to recording!