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# Project Management

### Quantitative Analysis: Networks, PERT, and Critical Path

1. Develop a network drawing for Hill Construction & determine the critical path. How long is the project expected to take? 2. What is the probability of finishing in 270 days? 3. If it's necessary to crash to 250 or 240 days, how would Hill do so, and at what costs? As noted in the case, assume that optimistic time estimates

### Networks, PERT and Critical Path: Example Problem

Please refer to the network activity times shown in days. a) Find the critical path b) If the project is shorted by four days, show which activities, in order of reduction, would be shortened and the resulting cost.

### Elements and their benefits in developing a comprehensive project scope analysis

Develop a comprehensive project scope analysis. I understand this as the conceptual development process, scope statement and statement of work that will clearly detail the projects expectation , problems , goals, objective, and aids in the projects communications with stake holders The response addresses the queries poste

### Role of a Project Manager: Gap Between Geeks and Suits

Explain the role of a project manager as an interface between business and technology professionals in an organization. Discuss 5 things a PM can do to bridge the gap between the "geeks" and the "suits" in any organization. About 200 words, no references.

### Construct a network for the project. Then review and answer (A) and (B). (A.) Calculate the scheduled completion time and identify the critical path. (B.) What is the slack time (float)

The following data were obtained from a project to build a pressure vessel: Activity Duration Predecessors A 4 weeks --- B 4 weeks --- C 3 weeks B D 2 weeks A, C E 3 weeks B F 5 weeks D, E, G G 2 weeks B H 6 weeks F I 3 weeks G J 1 week I Construct a network for the project. Then rev

### Quantitative Analysis: Networks

Problem 1 The following data were obtained from a project to create a new portable electronic. Activity Duration Predecessors A 3 Days --- B 4 Days --- C 6 Days --- D 2 Days A, B E 1 Days C F 3 Days D G 3 Days E, F H 7 Days D I 10 Days G Construct a network for the project. Then review a

### Project Management: Value of Linear Reponsibility Matrix

Note that the terminology of "linear responsibility matrix" is not typical. Typically, we will use the "RAM" meaning the responsibility assignment matrix. You may also see it written as the responsibility allocation matrix. Regardless of the terminology, what value do you see in this document?

### Construction Project Management: Project Timelines, Critical Path, and PERT

You are the general manager of a large construction project. The contract has both financial incentives for finishing on time or early as well as large penalties if the project is completed late. To get the project done on time or early that project planning using a formal timeline is essential. You ask the project manager to ad

### Summarize theorists' arguments of institutional theories: functional, product, matrix

Summarize the theorists' arguments concerning the practical institutional theories of (1) functional, (2) product, and (3) matrix forms of organization. Produce a graph of each of these forms of organization.

### Project Analysis and Evaluation

The ProBuilder Company is considering the introduction of a new product line which will require the construction of a new plant and equipment, estimated to cost \$8,000,000 plus \$600,000 for shipping and installation. Depreciation will be the straight line method to zero over 10 years. ProBuilder acquired the land on which the p

### Project management: Advantages of reducing scope to accelerate a project

What are the advantages and disadvantages of reducing project scope to accelerate a project? What can be done to reduce the disadvantages?

### Progress Reports important in Project Management

1. Why are progress reports an integral part of project communications? What should they include? How are they different from a final report? How and why do they improve a project? 2. Provide your thoughts on what the purpose of a problem solving meeting is and how would one be conducted?

### Classify costs associated with operation of a factory: variable, fixed, direct, indirect

Various costs associated with the operation of factories are given below. Classify each cost as either variable or fixed with respect to the number of units produced and sold. Also indicate whether each cost would typically be treated as a direct cost or an indirect cost with respect to units of product. List each numbered it

### Rocky Mount Metals Company manufactures an assortment of wood-burning stoves. The average selling price for the various units is \$500. The associated variable cost is \$350 per unit. Fixed costs for the firm average \$180,000 annually. a. What is the break-even point in units for the company? b. What is the dollar sales volume the firm must achieve to reach the break-even point? c. What is the degree of operating leverage for a production and sales level of 5,000 units for the firm? (Calculate to three decimal places.) d. What will be the projected effect on earnings before interest and taxes if the firm's sales level should increase by 20 percent from the volume noted in part c?

Rocky Mount Metals Company manufactures an assortment of wood-burning stoves. The average selling price for the various units is \$500. The associated variable cost is \$350 per unit. Fixed costs for the firm average \$180,000 annually. a. What is the break-even point in units for the company? b. What is the dollar sales volu

### System Design Issues: Example of project, system or product that overcame issues

If a project is poorly designed and constructed, will a well-planned and well-executed implementation effort help the project to succeed? Will a well-designed and well-constructed system overcome a poor implementation effort? Can you give an example of a project, system, or product that has overcome design or implementation prob

### Classify a project staff team; characteristics of a specific team, barriers, effectiveness

The class is Organizational Behavior Principles. Subject: Groups in Organizations. Scenario: You are getting ready for your first project staff team meeting. The first charge to this group from the Directors is to come up with a plan for the opening of the new plant. Your group will be working on; how to advertise openings f

### Project planning: While the project plan not only varies from project to project but also organization to organization. there are some commonalities that must be there in all projects and organizations such as Overview; Objectives; General Approach; Contractual approach; Schedules; Resources; Personnel; Evaluation Methods and Potential Problem. Once the basic plan is finalized after developing completely and approved it is produced in a charter form and distributed to all the parties having interest in the project.

Before we go into the merits of different approaches we will view the following stages though which every project goes through. A) Project Formation: 1) Priorities 2) Procedures and 3) Schedules; B) Buildup Phase: 1) Priorities 2) Schedules and Procedures; C) Main Program: 1) Schedules 2) Technical and 3) Labor;

### Analyze an IT work-related project to evaluate success or failure.

Prepare a paper that analyzes an IT work-related project or fictitious project using systems analysis for a selected business system at the department or division level. Include information-gathering techniques and design methods used in the project. Analyze and evaluate what made the project a success or a failure. Must be AP

### Project Outline: Cross Cultural Management

Project Outline: Title - Cross Cultural Management Description of the project Specific topics for research, in bullet form Possible sources Your reasons for undertaking this project

### Describe role of project leader in creating a WBS

Use the following project scope statement: Riordan Manufacturing is a plastics injection molding manufacturer pursuing a Go Green project with the intent of achieving International Organization for Standardizations 14001 certification. Riordan's main objective is to improve the sustainability of its products and processes. A

### Jefferson & Sons is evaluating a project: What is the operating cash flow for this project?

Jefferson & Sons is evaluating a project that will increase annual sales by \$138,000 and annual costs by \$94,000. The project will initially require \$110,000 in fixed assets that will be depreciated straight line to a zero book value over the 4 year life of the project. The applicable tax rate is 32%. What is the operating cash

### What is the relationship of use-case modeling to project management?

What is the relationship of use-case modeling to project management? Why is this important?

### Reward Risk Ratio for Project A and Project B. Which project do you prefer and why.

Your company is considering two mutually exclusive projects A and B. The expected return and standard deviation of project is A 20% and 15%, respectively. The expected return and standard deviation of project B is 25% and 20%, respectively. The risk-free rate is 8%. a) What is the reward to risk ratio for project A? b

### Construction planning and control: Benefits to planning the project lifecycle

Discuss the benefits to the project lifecycle by commencing the planning proccess at the concept and design stages of a construction project. Here I want you to explain the types of schedules used at each stage of the project lifecycle.

### Differences Between Float and Risk Contingency

Hi there! I need a clear explanation of the difference between Float and Risk contingency. Any help will be appreciated. Many thanks :)

### Name three global organizations that could fund a new project in a developing country

What are at least three global organizations that could fund a new economic project in a developing country?

### Net salvage value of a 3 year tax life asset

A new asset with a 3-year tax life is to be used in a 5-year project. The asset cost \$200,000 and will be depreciated based on MACRS. The machine will generate revenues of \$100,000 a year and operating expenses, excluding depreciation, is \$40,000 a year. The asset is expected to be sold for \$20,000 at the end of the project. Ass

### Scheduling and Project Management (Operations Management)

How would you crash a project (which activities would you crash) to keep the project on schedule and achieve the original duration, if Activity B actually takes 5 weeks instead of the planned 3 weeks? (Explain your logic)? Activity Description Predecessor Normal Time (weeks) Normal Cost Crash Time (weeks) Crash Cost A Fina

### Work Breakdown Structure: Example Problem

Task Type: Individual Project MS Project or WBS Template or in Excel Your next step in the project management process is to create a work breakdown structure for the trade show. The WBS should include all the tasks and their dependencies, schedule, cost, activity assignments and resource needs. The result should be a