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
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.
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.
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
Milton Manufacturing has four categories of overhead. The four categories and expected overhead costs for each category for next year are as follows: Maintenance $70,000 Materials handling 30,000 Setups 25,000 Inspection
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
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
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
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
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
Discuss the role of the project manager in the in-house development of a customized application. In what situations might both Information System managers and business managers serve as co-leaders of a project?
Given the following project to landscape a new building site. Activity Immediate Predecessor Activity duration(days) Resources used A: Get Plants - 2 X,Y B: Get flowers A 2 X C: Obtain soil A 3 X D: Obtain Fertilizer B,C 4 X,Y E: Select Labor D 3 W,X F: Set date D 1 W,X,Y
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 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
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
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
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
Given the following information for a one-year project, answer the following questions: Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $23,000; EV = $20,000; AC = $25,000; BAC - $120,000 What is the cost variance, schedule variance, cost performan
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.
If a person has been certified by a Project Management certification body such as PMI, IPMA, AIPM, APM but has never been on an IT project team, would you even consider hiring that person to manage an IT project? Justify your answer.
What are some factors (patterns of behavior) that project a company's culture? List several examples of organizations you work in.
Select any project (preferably IT) that you have participated in. Describe how well the project budget and schedule were controlled, and evaluate why you think this outcome occurred.
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?
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.
Please provide assistance and ideas to compare and contrast at least three performance measurements. Discuss the importance of performance measurement within a project (APA format) If accessible, please follow these textbooks: Kerzner, H. (2006). Project management: A systems approach to planning, scheduling, and controlli
Classification of Costs and Interest Capitalization On January 1, 2010, Blair Corporation purchased for $500,000 a tract of land (site number 101) with a building. Blair paid a real estate broker's commission of $36,000, legal fees of $6,000, and title guarantee insurance of $18,000. The closing statement indicated that the l
You are a manager at Winsome Manufacturing Company, a company that produces plastic storage containers and sells them to the home consumer through home sales events. At the company's quarterly meeting, the head of marketing described a new product to be introduced in the first quarter of the next fiscal year, approximately nine
Just a bit of a background, we have been doing an ongoing assignment with a "project" in which I am the project manager and the typical Design engineer is out and we have two part time substitute engineers in that place. The first set of the new product is scheduled to ship next week as part of a large-scale promotion. Fred,
Phyllis believes that the firm should use straight-line depreciation for a capital project because it results in higher net income during the early years of the project's life. Joanna believes that the firm should use the modified accelerated cost recovery system depreciation because it reduces the tax liability during the early
The course is Corporate Risk management. 1) I have to make a risk register but I only need help with the risk description: the expected outcome, and mitigation for the risk listed at the project level. Scenario: Mr. Pender is particularly interest in using the Amalgamated Power Company contract as the project level, s