25 May Project Balance Score Card, Part 2: Controlling Phase

Order Instructions

Part 1:

Question: Project managers often determine the project’s progress based on the elements of the project balanced scorecard (BSC), which includes the internal project, the customer, financing, and growth/innovation. For each of these areas of the project BSC, explain how the project manager would use each area to determine the progress made in the project during the execution phase. Discuss what might factor into how a project manager might prioritize or weigh these elements as they guide the team to project completion and success.

Part 2:

Question: In this unit, we focus on the controlling phase of the project. A part of the controlling phase is to provide performance updates to the project’s stakeholders. Reflect on the information that you would want to know as a project stakeholder. Do you think most stakeholders want to know more information or less information than the project manager may want to share? Explain your rationale.

No less than 200 words for each part. Do not combine the two. Part 1 is in blue and part 2 is in green. The answers to part 1-&-2 are provided below, please respond in your own words. No sources are necessary unless used therein the paper.