Allocation methods for constrained projects

Related BrainMass Solutions

• Project Management Questions and Answers

  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.

• How are resources assigned to projects in an organization and how does this affect team dynamics and performance?

  The question makes some assumptions; first the question assumes that there is a fixed set of methods, which are used by organizations for allocations of resources.

• Prioritize project resources

  Finally, organizations can break larger projects into sub categories that will allow for possible steps in the project to be bypassed that will reduce the amount of resource allocation and allow for those smaller projects we talked about above (Lewis,

• Project Baselines, Management Behavior, and Crashing and Fnding

  If scope is the least important, determine methods to achieve the most for the customer while using less resources, trim low priority scope, suggest alternative solutions to the problem being addressed, look for reusable components from other projects

• Problem with valuing mutually exclusive projects using DCF

  That tells us which project gives us the Biggest value for our constrained resource. Simply the NPV number will not give the right answer when we have constrained resources. We need to divide that NPV number with the initial cash outlay.

• What considerations go into choosing a cost allocation plan?

  What considerations go into choosing a cost allocation plan? Companies can choose among a few allocation methods. Do some methods make more sense in certain situations than others?

• NPV versus IRR: Cost-plus pricing vs. target costing

  How does it differ from target costing Suppose a company has 5 different capital budgeting projects from which to choose, but has constrained funds and cannot implement all of the projects.

• Cost Allocation

  For instance, the US Army Corps of Engineers may have several projects but to ensure that the funds are allocated for the projects which have been authorized.

• If you inherit a project which has all sorts of problems in it, what are the steps you'll take to in order to start working on it? What are some of the critical differences between the agile project management and the waterfall project management methodologies?

  Waterfall project management generally work fors small tightly defined projects. It is less suited, for larger projects of undefined or unknowable scope. It is the most predictive of the methodologies.