1. What are the reasons the author advances the project management to be considered an "accidental profession?" The twelve guidelines are presented in no particular order. Order them by level of importance and explain your reasoning 2. Where would you place yourself in Figure 2? 3. A few of the guidelines are related to the need to understand the reason for the project in the first place. Which guidelines would you place in this category? Why is this so crucial? 4. Why
Premium Management Scientific method Logic
SELECTED EXERCISES 2 Exercise 11 Project Tracking 2 Exercise 12 Risk Assessment 7 Exercise 13 Refining your project plan (using software) 9 Exercise 14 Initiating 11 Exercise 15 Planning 16 Exercise 16 Executing 18 Exercise 17 Controlling 21 QUESTION 2: THE NORTHWEST AIRLINES CASE STUDY 25 1.. 25 2.. 27 3. 29 REFERENCE 38 APPENDIX - FLYDRAGON PROJECT PERT CHART 39 Figure List Figure 1 Calendars of Project FlyDragon 4 Figure 2 Tracking Gantt Chart of Project FlyDragon 6 Figure 4 ResNet
Premium Project management
#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
Premium Management Project management Plan
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
Premium Project management
Chapter 13 Project Management © 2008 Prentice-Hall‚ Inc. Introduction Most realistic projects are large and complex Tens of thousands of steps and millions of dollars may be involved Managing large-scale‚ complicated projects effectively is a difficult problem and the stakes are high The first step in planning and scheduling a project is to develop the work breakdown structure Time‚ cost‚ resource requirements‚ predecessors‚ and people required are identified for each
Premium Project management Program Evaluation and Review Technique Critical path method
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
Premium Net present value Capital budgeting
Project Management Recommendation Cali Hadafow OPS/571 May 12‚ 2014 Project Management Recommendation Piper Industries Corporation Project Management Recommendation Dear Project Manager‚ In response it is to your previous E-mail with the attention of the projects of Juniper‚ Palomino and Stargazer. The team is found and analyzed the three projects‚ assessed the risk that each project contains as well as returns on investment (ROI). There are many aspects one should think
Premium Project management
Group 5 Consulting Co. Group 5 Consulting Co. University of New Orleans Project Management 4/23/2012 University of New Orleans Project Management 4/23/2012 Vessel Design Project Management Report Shawn Johnson Tameka Williams Dominic Rodriguez Jahnavi Lakkireddy Vessel Design Project Management Report Shawn Johnson Tameka Williams Dominic Rodriguez Jahnavi Lakkireddy Company Profile Group 5 Consulting Co. is an engineering firm that has dedicated
Premium Project management
Examination Paper of Project Management IIBM Institute of Business Management Examination Paper MM.100 Project Management Section A: Objective Type & Short Questions (30 marks) This section consists of Multiples choice and Short Note Type questions. Answer all the questions. Part one carries 1 mark each and Part Two carries 4 marks each. Part One: Multiple choices: 1. Liquidation value of the firm’s assets could be considered as________________ a. The minimum wealth
Premium Project management
Ivailo.peev@abv.bg PM 401 – Project management Aris Zogopoulos Final Exam March 5‚ 2012 1. Determine bread-and-butter‚ pearls‚ oysters and white elephants projects. (15%) Developing project portfolio matrix is the most important part of creating a project. Fours quadrants determine the matrix - Bread-and-butter‚ pearls‚ oysters and white elephants. Bread-and-butters project means evolutionary improvements to current products and service and it is low risk project with law reward. Pearls
Premium Project management Costs Multiple choice