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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 variety of resources and a different set of management tools to monitor and control. Therefore understanding of a "one time event" is equivalent to being able to see into the future. Most large projects are usually entering uncharted territory which is why they carry so much risk. To mitigate this risk tools such as the WBS were developed to break the project down into smaller, more familiar or standard tasks which collectively add up to a new complex "project". Once the WBS has been broken down into smaller pieces of work it is then necessary to manage each of these smaller pieces the same way you would manage the project as a whole. In effect each work task is a "mini" project. Obviously it is easier to manage a small task which is only a few weeks in duration but when there are fifty or a hundred of these small tasks going on simultaneously is where the project management system must be ready. Organization structure and delegation of responsibility is key to being able to monitor and control large undertakings. Granting of authority and demanding accountability is a balance that many organizations struggle with. It is a difficult formula for success that is variable from project to project and organization to organization. Culture, politics, economy, environment, and technology are major variables that are often working against us. Project management tools have evolved over the years to mitigate these forces and gives us at least a fighting chance for success.
Would you plan at the top level of the WBS or the lower levels of the WBS? Why or Why not?
What would be the difference? Would you develop contingency plans at the work package level?
What kind of information find on 2-3 project management models & what model is suitable to recommend for the email project at the organization?
What difficulties can occur if the contractors have decided on work assignments, and what changes may be necessary if problems occur?
Project Life Cycle - Project life cycle typically passes through four stages: definition, planning, execution, and delivery.
Given EVM data, estimate the cost at completion of a project using the method "EAC based on Combined Cost and Schedule Performance.
What training will be required if any, and what IT support will be necessary to maintain and sustain the dashboard
Prepare a project network consisting of at least 20 steps that should be done to complete the project. Be sure to indicate some degree of precedence relationship among the activities.
The firm depreciates it assets using straight-line depreciation to a zero book value over the life of the asset.
Cost in Project Management - Why is it important for management to understand the forecasted cost at completion (FCAC)?
Describe a situation in which a project was not clearly aligned with business goals and was the project successful? Why or why not
The rest of team is becoming distracted by the situation and your project is getting off schedule. What do you do?
What additional costs must be taken into account when making a short-term pricing decision where surplus capacity is not available, and overtime, additional shifts, or other means must be used to expand capacity?
Near which map coordinates should the hub be located?
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