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Given the following information for a one-year project, answer the following questions: Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $23,000; EV = $20,000; AC = $25,000; BAC - $120,000
What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?
How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?
Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
Use the schedule performance index (SPI) to estimate how long it will take to finish this project.
What is the one time cash flows/terminal cash flow associated with ending the project?
Analysis of the overall project risk
Why would a project be categorized by its risk class? What effect does this categorization have on the cost of capital?
Select the PERT technique you consider LEAST valuable when altering or enhancing steps associated with reengineering. Explain your choice. Describe and analyze how the two techniques you chose influence the Critical Path Method.
Review the Fleming and Koppelman article from your assigned readings.
Create a risk identification checklist, and Update risk management documents. Procedure
Imagine that you have been selected as the PM for a process or product improvement activity or the design of a new product or service in your organization.
How can having an office manager be beneficial; other than transferring administrative duties and responsibilities to a capable manager?
What information is most and least useful to a project leader when creating a project organization chart?
American Express marketers say they do not use the percentage-of-sales approach to advertising budgeting because if sales decrease in the segment, so will their budget.
In the restaurant industry, what could be the single most difficult issue in procurement management for a project manager? Why?
Discuss the importance of using quality tools in the DMAIC process. What are the benefits of using various quality tools during DMAIC?
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