Reference no: EM131569072

Q1.1 Define a project life cycle and list the different phases comprising the project life cycle for a capital works project.

Q1.2

(a) Define the (a) Key Success Factor and (b) Critical Success Factors

(b) What are the steps required to identify the Critical Success Factors for your business or project?

Q1.3

(a) What is the fundamental approach to planning and creating a WBS?

(b) Create a WBS for your own project, such as building a garden shed. Try and limit the work packages to around 20 - 25. If you have to go over that it's fine - this is just to give you an idea. Please use WBS Pro Software for this or other software that you is available to you. Please use PrtScr or Snagit and Paste your answer here. Do NOT submit the .wbs file (which is read in by the software).

Q2.1

(a) Define dependency? What are the 3 general types of dependencies? Use a graphic to illustrate the same if you wish.

(b) THIS QUESTION RELATES TO QUESTION (b)

Using PlanBee scheduling software set up a project (AoN) for the project shown below, then display a PERT chart for the project. Simply capture the screen with something like Snagit and paste the JPG in here. I am suggesting PlanBee, because it is easy to learn. If you already have MS Project on your computer, you may use that instead.

A project consists of the following 5 elements. Assume that the CapEx (capital expenditure) takes place at the beginning of each element, that there are 40 working hours in a week, and that labor is charged at $100/hr. The precedents are given in the second column.

Element Dependencies CapEx Duration Total hrs
A Can start immediately $5,000 4 weeks 160
B Can start immediately $10,000 4 weeks 160
C B needs to be complete $8,000 2 weeks 80
D A and C need to be complete $12,000 1 week 40
E C needs to be complete $9,000 2 weeks 80

Q2.2 How will you review the Resource Information status in a project? Please list the steps when reviewing the Resource Information.

Q2.3

(a) What is Resource levelling? How many types of Resource Levelling is available?

 (b) State the advantages of Resource Levelling and disadvantages of Resource conflicts?

Q2.4

(a) What is project monitoring? Please list a 3 important points of Good Monitoring?

b) What is Project Reporting? What are reasons for reporting?

Q3.1

(a) Differentiate between estimate and scope variance.

(b) Give a cost estimate for the project referred to in Q2.1 (b) - without contingencies. Please include Capex (Materials) and Labour

Q4.1  Explain the significance of Earned Value Analysis (EVA) with regard to time and cost management.

Q5.1

(a) What is the difference between leadership and management?

(b) What is the role that leadership plays to a manager?

Q5.2

(a) How many types of Situational Leadership are classified?

(b) What are the two fundamental concepts of Situation Leadership Model?

Q5.3

(a) What are the required attributes of a project manager in order to manage a project team efficiently?

(b) Describe some of the project problems that arise from authority related issues.

Q6.1 What is a Quality Management System (QMS)?

Q6.2

(a) How does Total Quality Management differ from traditional thinkings of Quality?

(b) What is the difference between QUALITY and RELIABILITY?

Q6.3 What is the difference between a Quality Management Plan and a Quality Assurance Project Plan?

Q6.4

(a) How should an organization create a strategic plan, name some steps they should take when first developing the plan.?

(b) What are the procedures and methods for quality planning?

Q7.1

(a) Explain the concept of Risk management as per ISO 31000 and define the use of this standard?

(b) (List the main elements of the risk Management process and briefly explain the function of each element.

Q7.2

(a) Differentiate between Qualitative Risk Analysis & Quantitative Risk Analysis

(b) Discuss 2 tools within Quantitative Risk analysis and how effective YOU think they are.

Q7.3 State the purpose behind carrying out sensitivity analysis and probabilistic analysis.