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Project management short answer
1. Three main reasons that there are changes to a budget (and hence, changes to the overall budget) are: (1) errors the cost estimator made about how to achieve the tasks identified in the project plan; (2) An increased knowledge about the project's goal and deliverables causes changes to the way of thinking, leading to wholesale changes in the project; and (3) a new law, standard, or mandate occurs leading to a change in the way the project is carried out. Can you think of any other reasons why the baseline of the budget might need to be changed midstream of a project?
2. Explain the fundamental trade-offs made when deciding whether or not to crash a project. What trade-offs are made to resources if you decide to a crash a project? Can all three project factors - cost, schedule, and resources - be reduced when you crash a project? Why or why not?
Multitasking has become the norm in our everyday society and why is it important for a project manager to be aware of multitasking during a project?
Assume a project has normal cash flows. All else equal, which of the following statements is correct?
Risk Management: Identifying Risks - Risk management is a matter of identifying the situations that could cause your project to fail.
Explain what you think are the differences of profit objective between a defence contractor and an educational institution. Give examples and reasons for your choices.
Simulation Methods - Describe the possible benefits to using one of the simulation methods when assessing for possible project risks.
A procurement manager who has been tasked with setting up a program to enhance the ability of your company's existing suppliers to better meet your company's requirements for high product quality.
Draw the network. What is the critical path?
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.
Calculate the operating leverage for the electric scooter project assuming unit sales are 100,000 (see Section 10 - 2).
Construct the network diagram and find each activity's EST, EFT, LST adn LFT
Modify the integrated project plan as a result of a team meeting to incorporate the changes to the plan as provided by the CBDF and the trickiest part of this assignment is to evaluate how you will do this.
Discuss how the SEC has influence (if any) over the audit of Smackey Dog Foods, Inc.
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