For the purpose of this discussion assume that you are billed monthly based on the actual amount of water used the prior month, not on a levelled "same amount per month" payment plan. 1. Consider your monthly water bill - define the dependent and independent variables used. Remember the dependent will change because of the in
Consult the Pricing Guide Index if you hit an area and are not comfortable with your knowledge. Taking time to go through these hints will benefit you and your success. 1. Many of the questions deal with direct and indirect costs. This includes examples you will be given and asked which element would be charged as direct or i
Describe the "typical" life cycle of most projects. Discuss the different phases of the life cycle. What factors contribute to a projects life cycle not being "typical"?
Identify and descripe the implications of the five process groups of project management. Choose one of the implications and provide an example to illustrate your understanding.
Determine the following: a. Expected activity times b. Earliest start and finish times c. Latest start and finish times d. Activity Slack e. Critical Path Expected Project duration and standard deviation. (See attached file for full problem)
Fibrous Incorporated makes products from rough tree fibers. Its product line consists of five items processed through one of five machines. The machines are not identical, and some products are better suited to some machines. Given the following production time in minutes per unit, determine an optimal assignment of product to m
Complete the following MRP matrix for Item X. Determine when orders should be released and the size of those orders. Item: X LLC: 0 Period Lot Size: Min 50 LT: 2 1 2 3 4 5 6 7 8 Gross Requirements 25 30 56 25 100 40 30 20 Scheduled Receipts 50 Projected on Hand 30 Net Requirements
Arsenal Electronics is going to construct a new $1.2 billion semiconductor plant and has selected four towns in the Midwest as potential sites. The important location factors and ratings for each town are as follows: Scores (0 to 100) Location Factor Weight Abbeton Bayside Cane Creek Dunnville Work ethics 0.18 80 90 70 7
Barrows Textile Mills produces two types of cotton cloth: denim and corduroy. Corduroy is a heavier grade of cotton cloth and requires 7.5 pounds of raw cotton per yard. On the other hand, denim requires 5 pounds of raw cotton per yard. A yard of corduroy requires 3.2 hours of processing time while a yard of denim requires 3.0 h
1. Define process management. 2. Briefly summarize the major activities involved in process management (design, control, improvement) 3. Differentiate between value-creation processes and support processes.
Following are data reporting progress on a project. Work on all tasks contained in the table is scheduled to be complete as of the day of the report. Budget Begun? Complete? Actual cost Earned Value Task A 3,100 Yes Yes 3,100 Task B 4,000 Yes Yes 4,500 Task C 2,500 Yes Yes 2,250
This is it. You have concluded the project and will now present your work in a final summation to the client. As a project manager you are continually looking for opportunities and recommendations for further projects without trying to sell the customer. Making recommendations can be presented in a way that is not selling their
One of the stages in the process of making denim cloth at the Southern Mills Company is to spin cotton yarn onto spindles for subsequent use in the weaving process. Occasionally the yarn breaks during the spinning process, and an operator ties it back together. Some number of breaks is considered normal; however, too many breaks
Identify the reasons why companies outsource Some of the reasons companies outsource are: "to access skills and technologies, to reduce both fixed and recurrent costs, to allow the organization to focus on its core business, to provide flexibility and to increase accountability" (Schwalbe, 2014, p.481-482). "The shortage of q
1. Describe the project scope and project management plan. Align your plan to the overall strategy. 2. Analyze the type of staff that your company would need in order to make the manufacturing switch to motorcycles with larger motors. 3. Prepare four (4) team-building strategies for handling the newly formed team. Discus
Search the internet for the term "IT Outsourcing." Find at least two articles that discuss outsourcing, whether beneficial or controversial. Summarize the articles and answer the following questions in a two page paper: What are the main types of goods and services being outsourced? Why are the organizations in the articles
Cite and list all references used for each of the five questions. 1. What is project management? Briefly describe the project management framework, providing examples of stakeholders, knowledge areas, tools and techniques and project success factors. 2. Explain the four frames of organization. How can I help project managers
Lifelong learning is essential for everyone. It is critical in Project Management. There are several places where you can find free online classes related to Computer Science. Stanford and MIT are among two of the main other universities that offer these classes. Research these and others you may find. Identify some classes
1. There are many different measurers of customer value and supply chain performance measures are discussed. 2. How would you rank each measure (high to low) in their level of importance to contributing to customer value? Explain and defend your positions. 3. Under what circumstances would your answers change?
Reply to the following: Top Ten Risk Item Tracking is a qualitative risk analysis tool. In addition to identifying risks, it maintains an awareness of risks throughout the life of a project by helping to monitor risks which involves establishing a periodic review of the project's most significant risk items with management; s
Reply to the following: Describe the Top Ten Risk Item Tracking approaches for performing qualitative risk analysis. The Top Ten Risk Item Tracking is a qualitative risk analysis tool used to maintain awareness of risks throughout the life of a project by helping to monitor risks (Schwalbe, 2014, p. 549). Periodic reviews
Reply to the following: Risk monitoring and control are ongoing activities that must be carried out throughout the completion of a given project. Risks must be constantly measured and monitored against defined standards in order to ensure continued compliance and the maintenance of the project within the desired and defined t
Explain the tools and techniques for performing risk monitoring and control Risk Reassessment - Reassessment is essential in any project, because it requires being attentive towards what will cause a risk in a project at all times. The groups need to have the risk reassessment be a constant topic in all status meetings, to m
What techniques need to be employed by both parties when these two opposing negotiating strategies meet to negotiate a deal?
Give an example of a company that took a big risk on an IT project and succeeded. In addition, find an example of a company that took a big risk and failed. Summarize each project and situation. In your explanation, also discuss whether you believe that anything besides luck makes a difference between success and failure. Foc
Project risks need to be analyzed both from the qualitative and from the quantitative points of view. Consider the aspects of qualitative risk analysis and respond to the following: -Describe the Top Ten Risk Item Tracking approaches for performing qualitative risk analysis. -Explain, with two examples, how the Top Ten Risk
Write a fake lessons-learned report for a project of your choice. Do you think it is important for all project managers and team members to write lessons-learned reports? Would you take the time to read them if they were available in your organization? Why or why not?
Reply to the following: Within communication skills there is always room for improvement. With constantly changing technology, and a wide vocabulary of technical language within IT projects communication skills are the most import skill that has direct impact on the success of the project and is the reason behind many problem
Reply to the following: i. Identify and explain the advantages and disadvantages of the different ways of distributing project information. Electronic communications are often useful when it is important to send information quickly to a large group of people. Face-to-face communications are important for developing relati
Respond to the following: Team building activities can vary from physically challenging to relaxing in a boat on a lake to mentally challenging puzzles and activities. Each activity has its place and strengths and weaknesses, but they all share the common goal of building cohesion, trust, communication and create a more effec