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Project Management

Brainstorming Risk Identification

I have been asked to put together a brainstorming session to identify risk for a new project. Please help me explain the purpose and rationale of the risk identification process and discuss the process to review the procurement that should be done during the brainstorming session

'Obama administration criticizes JPMorgan over mortgages'

The article I chose this week "Obama administration criticizes JPMorgan over mortgages". The article talked about how companies such as JPMorgan, Chase and Bank of America has failed people that have been trying to save their home. According to the Treasury Departments "housing scorecard", it revealed that these banks mortgage

Scheduling the waitstaff for a 24-hour restaurant (Project)

You are in charge of scheduling the waitstaff for a 24-hour restaurant. You have a staff of nine full-time employeesand three part-time employees; however, one staff member is on FMLA leave,another was called to jury duty, and a third has an eye condition that preventshim driving at night. Two staff members are college students

Risk Management Questions

1. Suppose you are the project manager of a team of software specialists working on a project to produce a piece of application software in the field of accounting. Identify some items that might go wrong during this type of project (i.e., what are some of the risks in this project), and discuss how you, as the PM, would assess

Managerial Accounting Individual project

Details: Consider the following scenario: Andre has asked you to evaluate his business, Andre's Hair Styling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid $9.90 per hour and works a 40-hour week and a 50-week year, regardless of the number of haircuts. Rent and other fixed expenses a

Financial Management

Imagine that you are a senior manager of a company operating in Hong Kong in a highly innovative and competitive market with an annual turnover of US$500,000,000 and that you have a first draft of what can be a good business opportunity with an estimated investment (sunk) cost of US$50,000,000. Your intuition is that it might

Risk Management for project failure. Identify 3-4 risks and ways to prevent them.

Risk management is a matter of identifying the situations that could cause your project to fail. Common risk include loss of staff, decreased funding, decision point approvals not completed in a timely manner, content not being available. Brainstorm three or four other risks that you have seen projects experience. Once you h

Integrated Project Plan

Merchants: For the first time in history, the festival can sell BEER. Limit 2 per person, per day. Add activities that include obtaining and posting the liquor license; validating IDs, validating the per-person limit, etc. Also, add training for the beer servers. Describe the plan.

Add activities to resolve

B. Entertainment: Due to electrical code changes, all the equipment that bands bring to the stage will need to be checked by fire marshals. It's very probably that several of the entertainers won't have the proper, up-to-code equipment. Add activities that will resolve this issue prior to the event.

Modify the Integrated Project Plan

Some changes to your program. Discuss and begin to prepare plans among your group members how you will go about making modifications you should make to keep your sub-project on track. Modify the integrated project plan as a result of a team meeting to incorporate the changes to the plan as provided by the CBDF. The trickiest

Earned Value Analysis - Monitoring and Controlling Project Cost

Once your budget is planned and allocated across your work packages, it is critical to monitor and control your project's cost. Why is monitoring and controlling the project cost important for the success of the project? What are some key components to monitor the health of the project, as it relates to earned value? How is earn

Project Management (Cost Planning)

Cost planning starts with the proposal for the project, at which time project costs are estimated. And for budgeting purposes, it is best to keep the work packages or activities small in terms of scope and duration. What are some of the ways that a project manager can take these budgeting plans and track and compare them to actu

Project Management: CPM/PERT Techniques

Using the following project information Activity Optimistic Time Most Likely Time Pessimistic Time Immediate Predecessor(s) Variance Expected Time A 3 6 9 none 1.000 6.00 B

Integrated Capstone: Research Project in the Medical Field

You have a great deal of freedom with this project, so be creative and choose a topic that you will enjoy researching. Also, you may want to think about a topic that is pertinent to your current and/or future career goals. *Note: Every student in the course must have a unique and individual topic Brainstorm Possibilities

Operating Cash flows

Your company plans to produce a product for two more years and then to shut down production. You are considering replacing an old machine used in production with a new machine. The Old machine originally cost $552 and was bought Three (3) years ago (i.e. it has depreciated for three years). It could be sold today for $330 or sol

Project Risk Paper: Discuss identification, ranking and monitoring of risks

Assignment - Risk Paper #1 Write a paper regarding a project, either real or fictitious, where one is able to discuss how risks were identified, ranked, and monitored. The student is also welcome to write about a major purchase or major decision in one's life, such as buying a new car, buying a new home, or even the decision

Workplace Security: Five types of risk, management techniques

Workplace Security Describe five types of risk and discuss management techniques for eliminating, reducing, or mitigating each type of risk type. For each risk type describe the process for analyzing needs identified through a risk assessment. They are Pure Risk, Dynamic Risk, Speculative Risk, Static Risk, and Inherent Ri

Emotional Intelligence: Importance for Project Managers

One of the measurements of leadership is the EQ (Emotional Intelligence) score. Anthony Mersino attempts to show the place of EQ with the project manager and states Emotional Intelligence is vital to Project Managers. Persons with high EQ seem to be more successful and effective at work. There are five dimensions of EQ. 1

Difference between IT and Traditional Project Managers

All projects are constrained by three factors time, cost and scope and for a project to be successful all these three constraints must be in equilibrium and, without any doubt, if any one of the three is out balance the project is heading for delay/failure. Then what is the difference between IT project managers and traditio

Project Charter Initial Analysis Provided

Please develop a Project Charter based on the initial analysis provided. Use the template that is provided following the case study as a basis for your work. If the case study does not provide enough information for a particular section, you may "embellish" the case study with additional information sufficient to allow you to co

Project Completion Time

Consider the network in the attachment. 1. Compute the earliest start time (ES) of activity G using a forward pass. 2. Compute the project completion time. 3. Compute the latest finish time (LF) of activity B using a backward pass.

Discuss a performance improvement project: Improvement, challenges

Discuss a performance improvement project you have been involved in or had knowledge of. What process was used to identify the need for an improvement and what steps were taken to work through the process to achieve the improvement? What challenges did you face along the way?

Use of Contractors Increasing the Complexity of an IT Project

We know that the acquisition of software is not a simple process; whether we build it or buy it. On top of that some organizations choose to use contractors in the process of acquiring software. Why and how does the use of contractors increase the complexity of an IT project? Please include references.