Chapter 7 – Discussion Questions – 1‚4‚6‚7 page 284 1. Discuss why many information technology professionals may overlook project cost management and how this might affect completing projects within budget. Information technology professionals do not understand basic accounting and finance principles to be able to do a net present value analysis return on investment and payback analysis. It should also be considered that new technologies or software development expenses are very inaccurate
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provided as a project. PRODUCT SCOPE: The features and functions that characterize a product‚ service or result. PROJECT SCOPE: The work that must be performed to deliver a product‚ service or result with the specified features and functions. page 100 1 5- PROJECT SCOPE MANAGEMENT Project Scope Management includes the processes required to ensure that the project includes all the work required‚ and only the work required‚ to complete the project successfully slide # 101 PROJECT SCOPE MANAGEMENT
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Response Value A. program B. process C. project 100% D. portfolio Score: 2/2 Which of the following is not an attribute of a project? Student Response Value A. projects are unique B. projects are developed using progressive elaboration C. projects have a primary customer or sponsor D. projects involve no uncertainty 100% Score: 2/2 Which of the following is not part of the triple constraint of project management? Student Response Value A. meeting scope
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1-Why are successful projects so important to Hewlett-Packard? Successful projects have increased odds for continued and better success. The success repeals teams use a system that can improve communication within a company. This systematic process can be repeated and improved and others can learn the process then train to develop "a learning organization". 2. How far should an evaluation team go in trying to quantify project contributions to the firm’s mission or goals? What is the role
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Operations Management Exam – revision notes Handles & Hinges Case (p670 of textbook) Key Points to note • Historical success based on reputation for high quality unique designs. • Architects specified H&H even in the face of alternative suppliers claiming equivalent products at less than 50% cost. Architects unwilling to potentially spoil multi-million pound projects for the sake of saving a few thousand pounds on fittings. See Garvins 5 categories of quality. • Changing
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(www.projectinsight.net) Looking at Task 1 our project is to build sustainable school kitchen and restaurant. This project will be demonstrated gradually in this report. Introduction Sustainable school restaurant is not an easy job to achieve in short time‚ but is in longer time with help from government and support from local community. Government long Aim is to create by 2020 sustainable school in all country‚ especially city schools. Healthy food and drink should by produce in eco friendly
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Blue Spider Case 1) If you were Gary Anderson would you have accepted this project after the director stated that it would be his baby all the way? Despite Henry Gable’s very apparent shadiness I would probably have taken the project too due to the backing that the project has. Even though the project had issues‚ based on all we have learned in project management‚ it is rare that a project has the amount of attention and backing from top executives‚ as well as‚ strong resources from the functional
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Role of Project Manager A Project manager is one of the most important role for effective Project management‚ described as “[to] take responsibility for planning‚ implementing and completing the project” (Meredith & Mantel‚ 2000: 85) getting the right person on the right job with careful section which this person must be able to collaborate resources for the project and to able to deliver a clear message and direction on the job‚ coordination and integration to the whole project team‚ it is also
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the societal forces that have contributed to the need for project management. Exponential expansion of human knowledge‚ increasing number of demands or global consumption‚ managing complex projects are societal forces that had contributed to the need for project management. Increase in the demand or the global consumption leads to the need of strong project management due to which it is leading to brainstorming for making the given project possible in a successful manner‚ this is ultimately leading
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process create value for customers and solve their problems. Production and operations management talks about applying business organization and management concepts in creation of goods and services. 1.1. PRODUCT Though many authors define the product with Consumer orientation‚ it is better for us to deal with different angles‚ because it will be helpful for us to understand the subject of production and Operation Management. (i) For a Consumer: The product is a combination of or optimal mix of
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