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Sim Project

In: Business and Management

Submitted By fsamnani
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1) Results Overview & Tradeoffs
State your team’s ending ranking and provide a brief summary of your team’s performance on the four evaluation criteria (Time, Cost, Functionality, and Stakeholder Satisfaction). What factor did you choose to prioritize and which did you tradeoff? In hindsight, was your approach successful? Why or why not?
2) Budget Analysis
Provide an overview of your actual versus budget performance. Include an in-text summary table/ chart of your total actual costs (Resources, Training, Managerial Actions, Unallocated Resources). You can obtain this historical information by viewing each period in the section “view period results”. Also provide an exhibit from MS Project that compares actual to budgeted costs in detail. Explain why the “significant” (ex. top 3) variances occurred.
3) Schedule Analysis
Provide an overview of your actual versus scheduled performance (refer to exhibit 2). Explain why the “significant” (ex. top 3) variances occurred.

4) Resources
What was your strategy for resource selection? Did the strategy change over the duration of the simulation? (if so, how?). How would you rate / assess your project team (overall, top performers, worst performers)?
5) Managerial Actions / Training
You had various training courses and a menu of managerial actions available during the simulation. Comment on your use of each, how much money was spent on each, and the results of each (you can speculate if you cannot identify direct results). Discuss if you wished you had used these options differently.

6) Simulation vs. Real World
Discuss three similarities and three differences between managing real-world projects and playing the SimProject simulation.

7) Lessons Learned
Discuss your “top 5 lessons learned” from SimProject. Structure these as “key tips for future students playing SimProject”. At least one of

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