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Project Management

Project Completion Time

What formulas are used for completing the project and great explanations as to why. Please see attachment.

Project Management and Organizational Structure

Comment on the following quote: "A project manager is completely ingrained in the culture of an organization a project is generally run from multiple levels of an organization as well as many different department involvements. The high level of interaction between the client's customers as well as the internal culture makes it

Appraisal Cost for quality

The following table lists all costs of quality incurred by Sam's Surf Shop last year. What was Sam's appraisal cost for quality last year? Annual inspection costs $ 155,000 Annual cost of scrap materials $ 286,000 Annual rework cost $ 34,679 Annual cost of quality training $ 456,000 Annual warranty cost $1,546,000 Annual

Project Management

Using the following project information, calculate the variance for each of the project activities. Activity Optimistic Time Most Likely Time Pessimistic Time Immediate Predecessor(s) A 3 6 9 none B 3

Quick Inc. has budgeted production for next year as follows: Two pounds of material A are required for each unit produced. The company has a policy of maintaining a stock of material A on hand at the end of each quarter equal to 25% of the next quarter's production needs for material A. A total of 30,000 pounds of material A are on hand to start the year. Budgeted purchases of material A for the second quarter would be:

Please see the attachment Quick Inc. has budgeted production for next year as follows: Two pounds of material A are required for each unit produced. The company has a policy of maintaining a stock of material A on hand at the end of each quarter equal to 25% of the next quarter's production needs for material A. A tot

Success Factors that Affect Project Management

The Chaos report lists a variety of success factors that affect project management. This includes user involvement, executive management support, proper planning, clear statement of requirements, realistic expectations, ownership, hard-working and focused staff. Pick one of these, or research an alternative, and assess how this

Estimating the Likely Completion Time

Briefly describe a project in which you are currently involved (e.g., planning a vacation, building an addition to your house, or completing your degree). Estimate the likely completion time using the tools discussed in Chapter 16 (showing your work) and determine the best way to reduce the length of the project.

Project Portfolio Management for Organization

1.You are the Project Manager for a project included in the organization's portfolio. List five (5) reasons we do Project Portfolio Management. Select 2 of the 5 and describe why it is important. What is your primary responsibility as program manager to ensure your project stays in the portfolio? 2.Critical Chain Management

Situation management from a leadership position

How would I manage this situation if I was the leader? What would I consider? What steps would I take? What would be the expected outcome? If the approach does not work, what would be a back up plan. What Would You Do? You are the leader of a 6 person team. The team all works out of an office in NJ. The team is made up

Motivated to become a manager- Role and personality traits for a manager.

1. Who (or what) motivated you to become a manager? 2. What are the most important personality traits/characteristics for a manager to have in your organization/company/industry? 3. Describe your typical workday. How far in advance do you plan for day-to-day work responsibilities? What is your strategy for dealing with em

Activity-on-node project network

Draw the activity-on-node (AON) project network associated with the following activities for Dave Carhart's consulting company project. How long should it take Dave and his team to complete this project? What are the critical path activities? Activity Immediate Predecessor(s) Time (days) A

Time-cost trade-off, Internal post-project evaluation process

See attached file. Read Appendix 1, "Time-Cost Trade-Off", at the end of chapter 7 in your textbook Successful Project Management and answer the on questions page 272. 1. What is the time-cost trade-off methodology, and when is it used? 2. Why do you need both normal and crash times and costs for this procedure? 3. A

Processes involved in determining and managing project budgets

Assignment: Aggregating all the estimated costs for the specific activities that make-up a project to determine its total budgeted cost (TBC) and then monitoring a project's progress to ensure that the work involved is kept within budget are two activities that are critical for success. Question: Discuss the processes

Project manager manage changes to the Project Scope Document

Scenario At the beginning of a project it is not always possible to define in great detail all of the requirements, work elements, and deliverables that will be involved - especially when a project is scheduled to last for a long time or involves several phases. In such cases details can be progressively elaborated as the pr

Project Communication

PMI's Project Management Book of Knowledge states that Communications Management includes the following processes: 1. Identify Stakeholders 2. Plan Communications 3. Distribute Information 4. Manage Stakeholder Expectations 5. Report Performance How do all of these fit into the communications management process?

Risk Assessment Matrix

Please develop a risk assessment matrix for a fictitious project. Write something describing the benefits of this matrix.

Overview of Final Project for developing and using a dashboard in an organization

The first step is an outline for the project 1st assignment---------Review the information on the following website: http://owl.english.purdue.edu/owl/resource/560/01/. Following these guidelines, and create a cover page, an effective outline, and the references page (containing at least three resources) for your final projec

13) Governmental units use which fund type to account for services provided to the general public on a user-charge basis? A. Permanent fund B. Enterprise fund C. General fund D. Internal service fund 14) Proprietary funds utilize what basis of accounting? A. Cash B. Accrual C. Modified accrual D. Budgetary 15) Funds that are used to account for activities similar to those often engaged in by profit-seeking businesses are: A. capital project funds B. special revenue funds C. proprietary funds D. agency funds 16) The tax agency fund of Fulton County collected $6,000,000 for a school district, $3,000,000 for the county general fund and $4,000,000 for a municipality. County general fund employees handle the collections and a 3% collection fee is charged all units except the county. The total amount of revenue recognized by the county general fund would be: A. $3,090,000 B. $3,000,000 C. $2,910,000 D. $3,300,000 17) The City of Sycamore has investments in bonds. These bonds have an amortized cost of $998,000 and a market value of $1,001,000. The market value is quoted and available in the financial press. The original cost of the bonds was $996,000. The par value at maturity will be $1,000,000. The amount at which the investments would be reported is: A. $ 1,000,000 B. $ 998,000 C. $ 996,000 D. $ 1,001,000 18) Ford County levies for its General Fund $1,000,000 in property taxes. In addition, the county is responsible for collecting $2,000,000 in property taxes for the consolidated school district and $500,000 in property taxes for a town within the county. 2% of all taxes levied are expected to be uncollectible. When recording the levies in an agency fund, what amount would Ford County record as Taxes Receivable for Other Governments - Current and Due to Other Governments? A. $3,500,000 B. $2,500,000 C. $3,430,000 D. $2,450,000 19) When a purchase order is issued under a Capital Projects Fund, how should the transaction be recorded? A. Debit Expenditures and credit Vouchers Payable B. Debit Encumbrances Control and credit Vouchers Payable C. Debit Expenditures and credit Reserve for Encumbrances D. Debit Encumbrances Control and credit Reserve for Encumbrances

13) Governmental units use which fund type to account for services provided to the general public on a user-charge basis? A. Permanent fund B. Enterprise fund C. General fund D. Internal service fund 14) Proprietary funds utilize what basis of accounting? A. Cash B. Accrual C. Mo

Implementation of a successful Project Portfolio Management process requires

1. (Implementation of a successful Project Portfolio Management process requires: A: considerable financial resources, but the return on financial investment can, over time, offset the expenses incurred B: a large commitment from management for additional staff and software. C: an overhaul in the handling of projects and i

RFP for a real-world project that you have participated in

Develop a RFP for a real-world project that you have participated in. Optimally, this would be an actual business or government project. But if your experience is limited, you may develop the RFP for a relatively complex personal project that would involve interaction with at least one contractor. Consult the relevant section