A project has the following activities, precedence relationships, and time estimates in days: Activity Predecessor Optimistic Most likely Pessimistic Activities Time Time Time A -- 6 7 8 B
Risk is often described as the event that "might" happen during the course of a project. Explain how risk has impacted a project that you have been associated with as a team member or project leader. Provide at least two examples where surprise events impacted the project, and how the issue was resolved. Comment on the importanc
Describe the concept of the change management process within a project. Provide two specific reasons why having a structured change management process will improve the chances of success for a project.
What kind of contract will you pursue for each of the following purchases related to this project? - Hiring technicians to install and configure the software for your environment - Hiring a training entity to teach the student PMs the mechanics of using the new tool - Buying a new server and software to run the tool and ho
XYZ Industries is considering investing in a new manufacturing plant. The plant requires an item of equipment that costs $200,000. In addition, XYZ will spend $10,000 on shipping costs and $30,000 on installation charges. The equipment will be housed in a building currently owned by the company. The building was bought at a cost
1. Jim's Knives manufactures knives for a certain retail store. His skilled workers can produce 10 knives a day of their best-selling knife (known as Bowie knife). Their retail store sells an average of 5 knives per day. Jim's workers prefer to work on only one type of knife at any given time for efficiency reasons. They hav
Describe the importance of a project charter to the project manager. How does a strong project sponsor and clear project scope apply to the overall success of a project?
Industry Description: Using the firm TelePacific 1. Describe the product, production methods, scale of production, and sources for raw materials. What technologies are used?
Grant Publishing just undertook a project that required a $340,000 investment in NOWC, which will be recovered fully at the end of the project's life in five years. At that time, the required equipment will not be depreciated fully and still will have a book value of $100,000. The firm's tax rate is 40%. If the salvage value at
Quality tools include: Flow charts, control charts, cause and effect or fishbone diagram, Pareto chart, failure mode and effect analysis, PDCA (Plan, Do, Check and Act) and DMAIC (Define, Measure, Assess, Improve, Control), etc. Describe a cause and effect diagram (fishbone) and provide an example on how it is used.
You just had Terry, one of your team members from marketing, give a presentation to the engineering group about the new product and its importance to the company's product line. The presentation covered the launch program, giving an emphasis on the milestones and dates. The purpose was to get the engineering group's buy-in on th
What controlling measures should be taken during the planning phase. Then provide a generic method for creating a project schedule starting with the creation of the work breakdown structure (WBS).
Grainger Manufacturing Inc. produces outdoor grills. On March 31, the company had 120 grills in inventory. The company's policy is to maintain a grill inventory equal to 15% of next month's sales. The company expects the following sales activity for the second quarter of the year: April 800 units May 2,000 units June
Suppose the going market rate of interest on high quality bonds is 12 percent. FORTRAN Corporation is considering an investment project that will last 10 years and requires an initial cash outlay of $1.5 million but will generate estimated revenues of $500,000 per year for 10 years. Would you recommend that this project be adopt
2. A project is composed of 8 tasks. The three-time estimates (in days) for each activity plus the precedence requirement for each are shown in the table below: Activity Activity Time Estimates (in days) ImmediatePredecessor A 2, 3, 4 None B 3, 4, 11 None C 1, 2, 3 A, B D 4,
Controlling measures: Controlling measures means combining the planning of the project with its execution and that includes process that can track, review and regulate its progress and performance. It is done with a view to keep an eye on the in initiation of the change when needed during the progress of the project. It requires continuous monitoring enabling the project manager and his team have updated information of the status of the progress of the project and make necessary changes where needed.
Indicate what controlling measures should be taken during the planning phase. Then provide a generic method for creating a project schedule starting with the creation of the work breakdown structure. Integrate the control measures you surveyed initially in the recommended framework and discuss resource leveling. :The project
Who approves and reject changes to the scope of the project? Who approves and reject resources. Should the project manager have full authority to change control? What type of system should be in place to manage change request? Explain why you are choosing this technique.
Discuss how project management influences other departments and functions of this organization (i.e., marketing, finance, accounting, human resources, etc.)? What are the difficulties or limitations for implementing PERT and CRM in the organization?
Locate a project within a business, to include non-profit and charitable organizations, government (and military) units, or any other type of cooperative work group you'd like to nominate. -Your current or former workplace. -A client organization, such as a supplier. -A customer organization, or a customer group. -A work
What is the Value of MS Project for project managers?
See attached file for proper format of tables. In 2009 it was decided that ABC Tire Company would implement a BPM project with the goal to decrease the manufacturing cost per tire and increase revenue from each tire sold. To track the success (or failure) of the project they determined the following baseline data for 20
It's a busy Monday morning and you have work to assign to others and to complete yourself. Of the tasks listed below, please outline which order you'd complete them and why. - Check on the status of the update that is scheduled to go live tomorrow - Write and distribute meeting notes from Friday's develop
I am having trouble coming up with an idea for an Accounting Class Project. We must come up with a real life financial situation and perform a detailed financial analysis using financial tools from the course. Two examples given would be lease vs buy a car or rent vs buy a condo. Calculations required would be NPV, IRR, Payba
Define a production system. How does the concept of a production system help in the understanding of OM? Production systems are the subsystems found within manufacturing. This includes everything needed to design, make, and distribute a good. So basically, production systems involve everything from the beginning stages of d
Why does the "proper" operation strategy keep changing for companies that are world-class competitors? The world is evolving every day and is at a constant change or upgrade. So it only makes sense that the â??properâ? operation strategy will also evolve and change over time, otherwise your corporation could easily get ru
You will see the details in the attachment ... 3. Bob Heckman, manager of the MIS department at ASW Publishing, has received a request from Virginia Griner, the head of Human Resources, to develop an interactive icon- and menu-driven software package to be used by the benefits specialists in her department. Based on prelimin
In what situations should the PERT estimation technique be used? Use advantages and disadvantages to support your arguments. In what situations should the CPM estimation technique be used? Use advantages and disadvantages to support your arguments. Are there any other project management cost and scheduling estimation tec
Too many people believe high quality is synonymous with high price or high cost. Pick two functionally similar products that compete in very different markets and discuss the relative quality of each, Toyota Corolla and a Rolls Royce. Is cost often a function of the market requirements and can high quality is achieved at any cos
1. What are the benefits of project management? Provide an example of how you have relied on project management. Based on your readings, how can you improve your project management skills? 2. What is a safety stock and when should it be used? How have safety stocks been used in your organization? Were they relied upon approp
We were looking at the Rolls-Royce brand. We noted that Rolls Royce could be vulnerable as a result of its uniqueness in terms of handmade craftsmanship and also aiming for perfection. Perhaps there is a negative effect of aiming for PERFECTION rather that just aiming high. Any thoughts? Please provide any references