Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Project Management Risk Assessment
You are the project manager for a new multi-million dollar building renovation for your organization. The company needs to maximize the space that they have and the best approach is to do a staggered build out in order to better maximize the space in the existing building. You feel that the best approach was to negotiate with multiple contractors on a fixed price contract. Different contractors discussed other contracts with you, particularly ones to address the current market fluxuations in the raw materials market. You ignore those other companies and settle on an agreement with a local company, who is willing to accept your terms for a fixed price contract.
You find out that a few weeks into a four month project that raw materials have increased by 250%. The contractor meets with you to discuss a price increase for the project. You have already committed a fixed price to the company and there is no contingency in the budget. The contractor advises that he will go bankrupt if he is forced to finish the project at this price and so the contractor sends you notification that they are stopping work on the project.
Word of the work stoppage flies through your company and your boss calls you to his office for an update. You explain what has happened but he feels that you are responsible for allowing this to get to this point. You are told by your boss to work something out with the contractor and to go into the negotiation with a good plan on how to mitigate the costs.Upon reflection of this situation, consider the below questions and how might this situation been different with a different contract approach.
Discuss the following questions.•Do you feel that the contract type selected was incorrect?•What kind of abuses did you identify?•What kind of positive or negative incentive could have improved this situation?
Define a project and describe its characteristics and What are the necessary competencies and skills of a project Manager?
Prepare a responsibility matrix and clarify all roles.
An inexperienced project manager analyzed the budget vs. actual costs and found that project spending was 10% under budget and was overjoyed at such "good news."
Project performance: List the desired outputs from the project. Specify the performance criteria for the project.
Evaluate the technological components of the production process and determine which provides the greatest overall benefit. Explain your rationale.
You are preparing a project to lay fiber optic cable. The first task is to mobilize the team. You estimate this will take one week and cost $3000. The second task is to lay the cable.
Based upon the above discussion, identify which of the two marketing/advertising campaigns is more effective in application of behavioral science concepts and discuss the reasons for your opinion.
Why is this method better for some projects than risk mapping, FMEA, the gut-feeling method, and the Delphi method?
Discuss either a successful or an unsuccessful information systems project (either a project that you know about personally from work, or one that you learned about by researching news accounts of IS projects on the Web).
Why was Deming's theory on quality embraced by the Japanese auto industry and rejected by the American auto industry?
The applicable tax rate is 32%. What is the operating cash flow for this project?
Describe the importance of project sponsorship and leadership when it comes to escalating decisions during a project.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd