through the assignment tool.Note: All questions are worth 5 points each.| 1. Project Basics a. Define the word project‚ and list some key attributes. A project is defined as a temporary endeavor with a specific beginning and an end. Some key attributes of a project are; a well-defined objective‚ carrying out the project in a series of independent tasks to accomplish the goal‚ completing the project within a specific time frame and‚ meeting the needs of the customer.
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QMDS400-002 Project and Quality Management Term Project Due Date: 29th November‚ 2012 Group Member: LIN ZHEN BANG‚ BA904092 HUANG YU YAO‚ BA902212 BEI ER‚ BA702713 Project Requirements 1. Establish the project objective‚ and make a list of your assumptions about the project. Project objectives The project aims to transform the previous annual report done by the research center into a more eye-catching‚ organized report that can used to effectively promote the ‘not-for-profit’
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PROJECT EVALUATION REVIEW TECHNIQUE (PERT) AND CRITICAL PATH METHOD (CPM) Project Evaluation Review Technique and Critical Path Method (CPM) are scheduling techniques used to plan‚ schedule‚ budget and control the many activities associated with projects. Projects are usually very large‚ complex‚ custom products that consist of many interrelated activities to be performed either concurrently or sequentially. The planning horizon for PERT/CPM typically extends beyond the six-month time frame
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THE ROLE OF RISK MANAGEMENT IN PROJECT MANAGEMENT Risk Risk is an uncertain event or a set of circumstances whose occurrence will have an impact on achievement of one or more of the expected project goal and objectives. Probability – A risk is an event that "may" occur. The probability of it occurring can range anywhere from just above 0 percent to just below 100 percent. Impact – A risk‚ by its very nature‚ always has a negative impact. However‚ the size of the impact varies in terms
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Multiple Choice Questions CH. 5 49. Which of the following describes e-commerce? A) Buying products from each other B) Buying services from each other C) Selling services from each other D) All of the above Answer: D Page: 238 Difficulty: Medium 50. Which of the following is part of the four main segments for e-commerce? A) B2B B) B2C C) C2B D) All of the above Answer:
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Strategic Portfolio Management and its Influence on Project Management In a project based organization‚ project management is directly controlled by strategic portfolio managers and a portfolio management department. This type of organization focuses on project development‚ progress and successful completion in relation to the strategic goals determined by top management. Multiple project proposals are constantly evaluated in terms of value‚ alignment to corporate strategies‚ and availability
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1 Project Definition/Classification/Initial Study 2.1.1 Project Definition The correct and complete definition of all reasonably foreseeable elements of a proposed project is the single most important element of the CEQA compliance process. Defining the Project CEQA applies to all “discretionary projects.” The term discretionary refers to situations in which a governmental agency can exercise its judgment in deciding whether and how to approve or carry out a project. The term project refers
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Strategic Analysis Project Overview of the Wedding Industry The wedding industry is a large industry in terms of dollars‚ but tracking where that money is spent is more difficult for several reasons. First‚ it is an industry that is made up of multiple smaller enterprises like caterers‚ wedding consultants‚ dresses‚ various beauty suppliers (hair‚ makeup)‚ photographers‚ favors/bridesmaids gifts‚ music‚ honeymoon related‚ etc. While the industry as a whole represents a lot of money‚ each of
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MBA/MIS Project Management Chapters 1 and 2 Project Management Challenges Strategies and Project Selections 1. Two new software projects are proposed to a young‚ start-up company. The Alpha project will cost $150‚000 to develop and is expected to have annual net cash flow of $40‚000. The Beta project will cost $200‚000 to develop and is expected to have annual net cash flow of $50‚000. The company is very concerned about their cash flow. Using the payback period‚ which project is better
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Five Project Phases BUS697: Project Management Strategy Instructor Dr: Shawn Milligan Date April 7‚ 2014 When developing a new or current project there must be processes design throughout the project lifecycle that controls the start‚ middle and finish phases of the project; however these phases are typically in accordance with the organization’s business strategy. An organizations business strategic defines the roadmap in how the company should perform its business
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