Unit VCase Study
Case studies are an important learning strategy in business classes as they provide an opportunity for you to criticallyanalyze events that have taken place in real-life businesses. This develops your critical thinking and research skills as youresearch the competition and industry in which your business resides with an end goal of formulating a recommendation forthe challenges faced by the company.
Read the “Franklin Electronics” case study on pages 545–546 of your textbook. As you complete the analysis, address thetopics below.
Explain the earned value measurement system and whether you believe that Franklin Electronics truly understands it.
Analyze the cost projections completed by Franklin Electronics. Reconstruct the cost projections toward thecompilation of a realistic project budget. Include a theoretical discussion around the steps involved in the budget thatyou built.
Create a project management schedule that would be more effective than the one proposed in the case. Usescheduling techniques learned in this class to date. Include an assessment of why you selected this schedulingtechnique instead of others.
Evaluate sources of project risk, and develop strategies that would decrease the impact of these risks.
In formatting your case analysis, do not use the question-and-answer format; instead, use an essay format withsubheadings. Your APA-formatted case study should be a minimum of two full pages in length (not counting the title andreference pages). You are required to use a minimum of three academic sources that are no more than 5 years old (onemay be your textbook). All sources used, including the textbook, must be referenced; paraphrased material must haveaccompanying in-text citations. A minimum of three in-text citations are required.