Program Evaluation and Review Technique Methodology
Company X has been told to install some new equipment. The company has 16 weeks to install the equipment. Using the following information: IMMEDIATE ACTIVITY TIMES ACTIVITY PREDECESSORS a m b
Company X has been told to install some new equipment. The company has 16 weeks to install the equipment. Using the following information: IMMEDIATE ACTIVITY TIMES ACTIVITY PREDECESSORS a m b
1) In your own words what is the purpose of a project manager (PM)? 2) Why are projects manager in such demand?? 3) What type of person do you think could be a PM? 4) Give an example of a project that you worked on and tell us what was the biggest challenge of it.
1. How does the type of project organization affect each of the types of conflicts that occur over the project life cycle? 2. Which project organization would have the most difficult conflicts? Why? 3. How would a project charter benefit a project manager? Four project types are discussed. 426 words in total.
3. Over the last 2 years, your firm spent $3M on research and development for a new product or service. You have been asked to re-evaluate the project from a finance perspective. Do you include the $3M? Explain.
As stated earlier the Work Breakdown Structure (WBS) is one of the most important tools in Project Management. Understanding the project at a detailed level is the key to developing a roadmap to success. Remember that, by definition, projects in general are unique, complex, multi dimensional undertakings which require a variet
A project has annual cash flows (including the initial year) of -160,000, 70,000, 55,000, 70,000, 60,000, and 45,000, and a discount rate of 11%. The company should: a. Accept the project because it will increase shareholder wealth. b. Reject the project because it will reduce shareholder wealth. c. Reject the pr
1. What percentage of the total project effort do you think should be devoted to planning? Why? 2. Describe the process of subdivision of activities and events that composes the tree diagram known as the Work Breakdown Structure. 349 words
Describe the four stages of the project portfolio management process. Provide at least 3 specific activities which occur in each step.
Name and describe the 3 types (or divisions) of project portfolios (from the organization's view). Provide an example of each. 291 words, one reference
Concept Project title: Trump/Lopez Wedding The purpose of this project is: To plan an elegant wedding for Donald Trump and Sandra Lopez, including invitation selection, cake, organization during wedding, location of reception and food, photos, music, and honeymoon. It will cost: $1 million It will be completed by:
Many companies use software to factor in cost and profit for each project, explain what software and technique you would use to manage your budget and expenses, consider payroll as well. -Discuss different types of cost estimates and methods for preparing them. -Understand the processes involved in cost budgeting and pre
Answer the following questions: (some questions deleted to make problem easier) (1) Project communication is extremely important to the success of a project. What types of project communication should Janet implement to discuss the status, technical issues, and responsibilities on the project? In particular, discuss any potenti
List and discuss the different types of project feasibility factors. Is any factor most important? Why or why not?
How does work design, composition, context, and process influence project team performance? 329 words
1. Write a 1-2 page paper identifying the ways in which project selection affects risk. 2. Explain how these risks can be reduced. 424 words, 2 references
Project Management: Construct the appropriate network diagram; indicate critical path 9. The following table represents a plan for a project: JOB NO., PREDECESSOR JOB(S), TIMES (DAYS) a m b 1 - 2 3 4 2 1
You are the supervisor for a large technology-based corporation. One of your subordinate managers, Carly, is heading up a project for a new system that is scheduled to market on the 1st of the year. It is August and things are not progressing at the pace you had hoped. When you meet with Carly, all she does is complain about
See attached case study. Write an essay that fully answers the following questions. 1. From the case study above: "After quickly reviewing some of her old project management books, she discovered that the project charter was typically written by the project sponsor. Since she had already created a task list, she decided
My topic will be A Family Reunion. In the project charter it must have 1. Project purpose or justification 2. Measurable project objectives 3. High level requirements 4. High-Level risk 5. Summary milestone schedule 6. Summary budget 7. Project approval requirements (what constitutes project success, who decides the
A company has four new text publishing products that it must decide on publishing to expand its services. The firm's WACC has been 17%. The projects are of equal risk, Ã?s of 1.6. The risk-free rate is 7% and the market rate is expected to be 12%. The projects are expected to earn as follows: Project W: 14% Project X: 18%
Analyze the integration of lodging, events and recreation, food and beverage, and facility management operations at a resort.
See attached decision tree. Assume the role as a PM. Which action should be taken as a project manager and why that was chosen and why not the others. In order to avoid a federal penalty of $1 million, the administration must either retrofit or move into a compliant building within 24 months. The president thinks he can g
Describe a work-related situation you feel could be improved, using a restaurant as the target business. Consider the following: 1.Identify the needs of the situation? 2.What is the project objective? 3.What assumptions, if any, should be made regarding the project to be undertaken? 4.Who are the main people or departments
Assume you work in a small firm that has multiple projects happening simultaneously and that the scope of work in all of the projects is similar. What are some of the problems you might run into in allocating scarce resources in a situation like this? What suggestions can you give the various project managers to coordinate acros
For an organization that makes packing materials, answer the following questions. How and why does that organization evaluate project complexity? What factors are typically considered? In case your organization does not evaluate project complexity, or you do not know, then assume that you are responsible for such evaluation
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
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.
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
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.
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