Case studies are an important learning strategy in business classes as they provide an opportunity for you to
critically analyze events that have taken place in real-life businesses. This develops your critical thinking and
research skills as you research the competition and industry in which your business resides with an end goal of
formulating a recommendation for the challenges faced by the company.
Read the “Franklin Electronics” case study on pages 545–546 of your textbook. As you complete the analysis,
address the topics 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 the
compilation of a realistic project budget. Include a theoretical discussion around the steps involved in the
budget that you built. - Create a project management schedule that would be more effective than the one proposed in the case. Use
scheduling techniques learned in this class to date. Include an assessment of why you selected this scheduling
technique instead of others. - Evaluate sources of project risk, and develop strategies that would decrease the impact of these risks.