Short answer questions – write one or two paragraphs (no bullet points) 1. Project managers frequently face competing constraints. Identify these common constraints and describe approaches that project managers can use to make the trade-offs required to succeed The time constraint refers to the amount of time available to complete a project. The cost constraint refers to the budgeted amount available for the project. The scope constraint refers to what must be done to produce the project’s end result
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PROBLEM 1 Project? 1. Unique purpose 2. Life span 3. Uncertainty 4. Primary customer 5. Resources 6. Developed using progressive elaboration Project Life Cycle [pic] Key Project Constraints 1. Scope – objective of project 2. Time - Deadline 3. Cost - Budget 4. Quality – Extent of satisfaction Project Stakeholders Individuals or groups in the organization who have an interest in‚ or will be affected by‚ the project result. E.g. Organiser
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#3 1. If I were in Lauren’s shoes‚ I would make sure it’s clear to the strategic management group that my estimate – a more detail/micro estimate – came in well over their initial macro estimate. That being said‚ I would also provide upper management with the ideas (outsourcing‚ change scope‚ cancel project..) developed with stakeholders in the brainstorming meeting. Simply moving forward with the project after finding such a large gap in estimates would be a terrible idea that would most likely
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Guideline for MGT 210 Group Project Section 15 & 16‚ FALL 2012 Faculty: TqM Project Theme: Analyzing an organization from the management perspective. The organization must be an established and operational organization and not any fictitious one. The analysis should be carried out by conducting an interview with a manager of the organization. Chapter 1 1. Organization’s background (when established‚ mission‚ vision‚ goal‚ functions‚ etc.). Universal Foods Ltd. was established in 1990
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Project management has quickly become something that is used by most organizations when the organization wants to finish a project in a timely manner and within budget. Project management helps companies to meet their strategic mission in a planned and organized way. This paper will explain what project management is and the importance of it to the business world‚ the project life-cycle management and the benefits that project management has to an organization and the concept that goes into
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The case of The Vigilance Project‚ is based on a project team that is in the process of implementing a new database tracking system at their recently merged company. There are two (2) project teams‚ one from the United States and one from France. A large portion of the work that needs to be done to bring the project to fruition‚ is executed virtually. During the length of the project‚ the teams are faced with several obstacles which hinder productivity‚ increases conflict and lowers morale. 1.
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Chapter 15 > Multiple Choice Quiz Course-wide Content Web Links MS Project Tutorials Updates and Errata Microsoft Project 2010... Blue Zuma Videos Chapter 15 Multiple Choice Quiz (See related pages) Results Reporter Out of 15 questions‚ you answered 15 correctly with a final grade of 100% 15 correct (100%) 0 incorrect (0%) 0 unanswered (0%) Quizzes Multiple Choice Quiz More Resources Key Terms PowerPoint Presentations Study Outlines Your Results: The correct answer for each question
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or renewed interest in the field of project management? IT is growing at a rapid rate and with that growth demands people to manage this growth. People I think are more trained to be project managers and also there is new software that helps tremendously with the management part of the tasks. So demand is up‚ skilled workers are up‚ and the cost benefit is there for this renewed interest. 2. What is a project‚ and what are its main attributes? How is a project different from what most people do
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IEE04 : Project management Feb 2013 A. Explain the following four major components of cost of project…………. aug12‚feb12 1. Material Cost 2. Utilities cost 3. Labor cost 4.Factory overhead cost Ans: 1. Material Cost: the most important element of cost‚ the material cost comprises of the cost f raw material‚ chemical‚ components and consumable stores required for production. It is a function of the quantities in which these materials are required and the prices payable for them. While estimating the
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Strayer University IT Project Management Assessment CIS 517 1. Summarizes how the project manager or team exhibited exceptional and ethical project management practices. Often‚ the project manager (PM) is faced with an issue that is not easily resolved by theory or the knowledge acquired from formal training. These types of problems are usually not of a technical nature and more often tend to be ethical or human resource issues (Stare‚ 2011). The satisfactory answer is often
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