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
Project Management
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Project Management : CPM/PERT Techniques..
Use the following project information. Activity Activity Time(weeks) Immediate Predecessor(s) A 3 none B 4 A C 2 B D 5 B E 4
Project Cost Analysis: Sample Calculation
The progress report of a project contains the following data about the project costs: BCWS = $ 46,500 BCWP = $ 49,200 ACWP = $ 54,250 BAC = $ 183,600 a.) Calculate CV b.) Calculate CVP c.) Calculate CPI d.) Calculate SV e.) Calculate SVP f.) Calculate SPI g.) Calculate EAC h.) Calculate VAC i.) C
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.
Describe a project in which you are currently involved.
Describe a project in which you are currently involved (e.g., planning a vacation, building an addition to your house, or completing your degree). 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
The importance of project termination planning
What is the importance of project termination planning?
The importance of Scope Management
Why is Project Scope Management important to the success or failure of a project?
Submit key planning priorities that could be most useful in completing a Team Project. What type of tools and methods could be recommended to a large corporations that is best suitable for VTC?
Submit key planning priorities that could be most useful in completing a Team Project. What type of tools and methods could be recommended to a large corporations that is best suitable for VTC?
Scope Creep and Personal Experience
Scope Creep is a common phenomenon. You set out to do a (small) project, but slowly it grows into something big, or too big. Have you had any personal or professional experience of Scope Creep? Share it in a para or two..
Do you want to be an HR manager? Create a list of characteristics and skills that a perfect HR manager would have. Explain your rationale.
Do you want to be an HR manager? Create a list of characteristics and skills that a perfect HR manager would have. Explain your rationale. â?¢ Assume you are a HR manager of a bank and are looking to hire a new bank teller. How do you determine what your selection criteria will be? What characteristics would you look for in t
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
Ecolastico, Inc. - Give entries to record Operation carryback, assuming a 50% valuation allowance is needed for any deferred tax asset
2. The financial statements of Ecolastico, Inc. reflected the following pretax information for the first four years of operations 2012 2013 2014 2015 Revenues 125,000 155,000 180,000 250,000 expenses 120,000 195,000 160,000 200,000 5,000 (40,000)
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
In all projects the PM faces a number of challenges and/or conflicts. Identify 5 challenges the Rockfest Project Manager may face. How would you recommend that the Project Manager deal with these challenges
At the Hard Rock Cafe, like many organizations, project management is a key planning tool. With Hard Rock's constant growth in hotels and cafes, remodeling of existing cafes, scheduling for Hard Rock Live concert and event venues, and planning the annual Rockfest, managers rely on project management techniques and software to ma
Operating cash flows, rather than accounting profits, are used in project analysis. What is the basis for this emphasis on cash flows as opposed to net income?
Operating cash flows, rather than accounting profits, are used in project analysis. What is the basis for this emphasis on cash flows as opposed to net income?
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 Management: How do baselines and earned value analysis help with projection completion
If we forget the purpose of project management, we get lost in using the tool. Remember, the goal of project management is to help us get our projects completed more quickly and less costly to help us meet our customer's needs. Considering this as the purpose, how do baselines and earned value analysis help us with this?
Project Management: Select, describe, and justify an organization for your project.
Project Justification (Scoping) Select, describe, and justify an organization for your project. Once your organization is selected, then you need to provide a description of one particular project management activity within this organization, either past or ongoing. Be sure to identify the type of project, who is involv
New Project Analysis: Net cost of a spectrometer; operating cash flows, 10% cost of capital. Should it be purchased?
You have been asked by the president of your company to evaluate the proposed acquisition of a new spectrometer for the firm's R&D department. The equipment's basic price is $70,000, and it would cost another $15,000 to modify it for special use by your firm. The spectrometer, which falls into the MACRS 3-year class, would be so
Prepare a business case for a project; implement a dashboard; importance of key performance indicators
Answer the following questions: â?¢What is involved in preparing a business case for a project? â?¢Where is the best place to start when implementing a dashboard? â?¢Why are Key Performance Indicators so important? Write a paper using APA format for references.
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.
Project Management: The Primary Function of a Project Plan
1. Discuss the primary function of a project plan. 2. List and describe the nine (9) categories of information needed in a project master plan.
Project Baseline to guide execution, evaluate progress, control, monitor and report progress
We have now moved from the planning stage to the doing part of project management. Following good project management practices, we have set a baseline. How is a project baseline used to guide the execution of the project's work, to evaluate progress and performance, and to control the project? Also, as you continue to think a