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msc52njit-edu replied to the topic Factors affect schedule variance (SV) in the forum Project Management Process and Medical Device Development 7 years, 4 months ago
Some factors that can affect the project variance are unexpected request changes to the design of the project. Changes like these can push back the timeline for a project and can incur more money spent on revising the project putting a project team over their expected budget. A solution for product design changes is to spend more time in the design phase of the project to make sure that all specs are accounted for. Other examples of factors affecting the schedule variance are team members being absent or being dismissed from a project. With team members being absent it can take longer to complete a project, which will push the project behind schedule and can force the company to hire outside contractors for more money to complete the project on time. This will put the budget over the expected budget. Therefore, it is important to communicate with team members can to make sure that all members will be in attendance during the time frame that they are expected to complete their component of the project. Also, another example is problems that can occur during product testing. If the test if not designed properly than more money and time will be spent of creating more test that will provide you with the desired results. A solution to this is to work closely with the design team to come up with a concrete testing method, and to come up with predictions of the test before they are run. BY analyzing all components of the testing before it commences, your team will be better able to assess whether this is the correct testing to administer.