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Project Management Questions and Answers

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Q 1: What is a project portfolio management system? Describe the considerations for designing such a system.
Q 2: Discuss the importance to fully integrate the WBS with the organization. In your estimation, what could happen if this integration does not take place?
Q 3: Under what conditions would you consider using a responsibility matrix as opposed to a full-blown WBS? In your answer provide an example of a project that would fit the use of a responsibility matrix and explain why.
Q4: Summarize the components (terminology) of a project network. Choose a project, and give examples from that project for each component.
Q5: Explain the major types of costs, and indicate which ones can be controlled by the project manager.
Q6: Compare and contrast resource allocation methods for time-constrained and resource-constrained projects.
Q7: Explain the project cost-duration graph and how it is constructed and used.

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Solution Summary

This solution contains answers to the following questions:

Q 1: What is a project portfolio management system? Describe the considerations for designing such a system.
Q 2: Discuss the importance to fully integrate the WBS with the organization. In your estimation, what could happen if this integration does not take place?
Q 3: Under what conditions would you consider using a responsibility matrix as opposed to a full-blown WBS? In your answer provide an example of a project that would fit the use of a responsibility matrix and explain why.
Q4: Summarize the components (terminology) of a project network. Choose a project, and give examples from that project for each component.
Q5: Explain the major types of costs, and indicate which ones can be controlled by the project manager.
Q6: Compare and contrast resource allocation methods for time-constrained and resource-constrained projects.
Q7: Explain the project cost-duration graph and how it is constructed and used.

All sources are cited in APA format and a project network diagram is included.

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General Project Management Questions

1) How Project Portfolio Management process could provide business advantage to the company? As a project manager develop a strong statement supporting implementation of PPM in an organization.

2) As a project manager how do you see the role and the functions of a Project Office in a company?

3) As a project manager, how should one prepare themselves for managing an international project? What are the most important considerations needed to manage an international project.

4) Analyze the advantages and disadvantages of Agile project management approach. When and why we should apply Agile PM as opposed to traditional PM approach?

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