Question Answered step-by-step Question 1: Project Milestones: A Project Managers earned value In… Question 1:Project Milestones: A Project Managers earned valueIn addition to being concerned with the earned value of project tasks, you are also concerned about your (i.e. the project manager’s) earned value. As PM, you sometimes work on discrete activities, such as reviewing updated schedules and running meetings, that have well-defined durations and concrete deliverables. However, there are days when you run around managing multitudes of unplanned activities and overseeing other project team members’ efforts.Discuss the following questions:What may be the best way to measure the project manager’s earned value during the project? (Hint: consider discrete activities versus “level of effort” activities)What may be the pros and cons for using discrete versus level of effort earned value measurements?Comment on two of your colleagues’ responses and challenge the quality of their pros and cons. Don’t forget to be respectful and professional when critiquing others’ work. Question2Project MilestonesProject milestones mark significant points in time during the project and serve as convenient places for “checking in” on project status. They can but do not have to be tied to specific deliverables or durations. Select or create five milestones for your project and explain why you chose them. Hint: Review the definition and concept of a “milestone.” Reaching milestone 5 means that you have met or cleared the final hurdle to completing your project.Make use of the template attached to answerImage transcription textIntroduction Providing status on project performanceis a key function of the project manager. The projectteam and stakeholders should be kept … Show more… Show moreImage transcription textSchedule Performance Index (SPI): <3% Cost - Project isOver/Under Budget Cost Variance (CV): $909% CostPerformance Index (CPI): $3% Work Planned Sin... Show more... Show moreImage transcription textMilestone WBS Planned Re-plannedForecasted Performance DeliverableWBS Planned Re-planned... Show more... Show more Question 3Image transcription textScenario Jake has organized a hikingtrip in the local mountains for all theproject managers from th... Show more... Show moreImage transcription textQuestion 1 1 pts At the start of the hike, near the base of themountain. the group warms up with stretcha and calisthenicexercises. Nobody has yet stepped on the trail. Since th... Show more... Show moreImage transcription textQuestion 3 1 pts Paul is one of the hikers and is an excellent earnedvalue management professional. He observes that Jake set up aperfect plan for completing the hike in two hours [one ... Show more... Show moreImage transcription textQuestion 5 1 pts A second hiking team with the sametwo-hour plan, expected lunch costs [slflfperson]. andnumber of people {30 individuals} deliver... Show more... Show moreImage transcription textQuestion 6 1 pts Jean is a project manager for an aerospacemanufacturing company. As the group begins to hike down themountain, she and another project manager, Patty,oli... Show more... Show moreImage transcription textQuestion 8 1 pts In the scenario presented in Question #6,what is the SPI? Select the most appropriate option. O3.30 O 0.30 O 1.04 0 3.16 O 0.96 Question 9... Show more... Show moreImage transcription textQuestion 10 1 pts In the scenariopresented in Question 6, what Jean'sproject status? Select the... Show more... Show more Business Management Project Management ENGN 1000 Share QuestionEmailCopy link Comments (0)