Case Study: Anandi Resorts’ Happy Land Construction Project – Risk Management and Earned Value Analysis

Purpose:

• Case studies help students develop their skills in problem-solving, quantitative and/or qualitative analytical tools, decision-making in complex situations, and coping with ambiguities.
• This case study explores how risks can impact project success and how earned value management can be used to monitor project progress and provide advanced warning when a project is falling behind.

Related Module Learning Objectives

• MO #1: Describe how risk on projects can impact project success.
• MO #2: Describe how appropriate risk mitigation can lead to improved project success.
• MO #3: Analyze the steps needed to address risk on a project to improve project success.
• MO #4: Demonstrate project management skills to address issues and achieve organizational value.

Related Course Learning Outcomes:

• CO #1: Demonstrate project management skills to address issues and enable strategic benefits realization.
• CO #2: Explain and demonstrate how to identify the root cause of the problem to be solved by a project.
• CO #3: Describe the various types of project success.
• CO #4: Analyze the components of project success on different types of projects and explain their interaction.
• CO #5: Recommend appropriate solutions for managing multidisciplinary stakeholders and complex scenarios under conditions of risk, uncertainty, and change.

Task:

• Read the Anandi Resorts’ Happy Land Construction Project – Risk Management and Earned Value Analysis case study published by IBS Center for Management Research.
• Watch the How Do Project Managers Measure Project Success? YouTube video (10:36), which provides a discussion on how project managers measure project success and the tools available to do so: https://www.youtube.com/watch?v=l2tN6xsNxY4
• • You are the Project Manager assigned to a project to analyze and fix the quality issue(s) identified in the case study.
  • Using what you have learned in the Project Management courses you have taken to date, prepare and submit answers to the following four questions regarding the case. Your answers are to be your own work in compliance with the Academic Integrity section of the syllabus and as a single MS Word file (.doc or .docx) to this assignment by clicking on the above heading. Answers are to be double-spaced in 12 pt. Times New Roman font and please include your first initial and last name in the filename for your submission.
  1. 1. What are the key objectives of the Happy Land project? Define project scope and the steps to define a project’s scope. Provide the project scope of the Happy Land project. What is work breakdown structure (WBS) and how does one create a WBS?
     2. What is project feasibility and what does a feasibility study analyze? Why are feasibility studies important for a project? Do the project feasibility for the Happy Land project.
     3. What is project risk management and what are the steps involved in it? Do risk severity analysis for the Happy Land project using the concepts of CLF (composite likelihood factor) and CIF (composite impact factor).
     4. How does Earned Value Analysis (EVA) serve as a project management tool that measures project progress? What are the eight steps to EVA? Present the EVA report of the Happy Land project.

  Criteria: Your answers will be graded using the case study written response grading rubric (attached below)

INSTRUCTUR NOTES:** INCLUDE THE CASE STUDY SUMMARY