Senior management would like you to present at the next meeting a presentation to explain how trade-offs can be made between various project requirements to effectively support cost control of the project’s total cost. Your presentation will address the trade-off strategy to be employed and if you will be able to mitigate the trade-off areas through application of learning curve concepts. Be careful not to depend on learning curve analysis for each of the noted trade-offs. Senior management will want you to be able to identify the research you accomplished to support your interpretations of trade-off analysis and learning curve improvements.
* Before you dig too deeply into the learning curve presentation, you will need to locate a project manager or other competent and knowledge professional in the field to discuss learning curves including their benefits and limitations. Prior to this meeting, you will need to spend time researching knowledge leaders in the learning curve area.
You will be estimating, pricing, determining cost controls, monitoring techniques, and the time value of money to be measured and weighed to perform a trade-off analysis. Identify 10-15 items suitable for trade-off analysis.
Once you have completed this preliminary preparation work, develop a presentation to analyze the concept of trade-offs in the project environment. You will have to design from research or experience the examples of trade-offs and any learning curve improvements to then build the presentation around the example. Be sure to also include topics such as methodology for trade-off analysis, contracts, and industry preferences within your presentation to justify your selections for trade-off.
0 comments