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Each project passes through different processes: initiation, planning, execution, monitoring and control, and closing. Stakeholders are not equally involved in all the process groups listed above.
Suppose the government awards your company a project to construct a 100-mile-long express highway for an upcoming mega sports event in the country, which must be completed within the next 12 months. The project involves the construction of 5 bridges, 8 tunnels, and 4 exits in each direction of the highway. Land has been acquired by the government and the relocation of citizens and villagers affected by the project is complete. Although all citizens have been relocated, there is resentment amongst citizens situated near the proposed exits. In addition to constructing the express highway, your organisation is responsible for obtaining environmental clearance from the Ministry of the Environment and the approval of design from the Public Works Department and Road Development Authority. A minister of state will personally monitor the progress of the project on a monthly basis, and will evaluate the attainment of intermediate milestones and quality and safety requirements. You are working on the creation of a communication plan for the project.
Discuss the kind of information that you will share with each project stakeholder during the various phases of the project, as given in the table below. Assume required details as necessary, and justify the information needs that you identify for each stakeholder.
Stakeholders
Phase
Client
Senior management/project sponsor
Project manager
Relocated villagers
Project team
Initiation
Planning
Execution
Monitoring and control
Closing
Select 2 of the highest risks. Explain why these are considered high risk, and explain their potential effect on the project.
Suppose an asset is sold for less than its book value at the end of a projects life, and generates a loss that is fully deductible from the firm's ordinary income.
Reviewing the balanced scorecard approach of Youngblood and Collins.
What types of characteristics/qualities do you prefer in your employees?
Each of the tasks needs an estimate of how long it will take.
Did the project deliver the benefits/results promised?
Discuss how you have used or might use risk protection and risk transfer in a situation.
Review the Fleming and Koppelman article from your assigned readings.
All of these are considered projects or procurements that required some form of formal or informal risk review.
Determine the early and late start and finish times and the slack times for the activities. Identify the critical path.
Calculate their capacity utilization, machine utilization, and operator utilization. Do they have enough resources to meet demand? Explain.
Why are accurate estimates critical to effective project management? Please explain in detail.
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