1 • 164. You have been appointed as the manager of a new, large, and complex project. Because thisproject is business-critical and highly visible, senior management has told you to analyze theproject's risks and prepare response strategies for them as soon as possible. The organization hasrisk management procedures that are seldom used or followed, and has a history of handling risksbadly. The project's first milestone is in two weeks. In preparing the risk response plan, input fromwhich of the following is generally least important?A. Individuals responsible for risk management policies and templatesB. Key stakeholdersC. Project team membersD. Project sponsor

Risk response plan refers to the planning done by the project managers regarding the possible risks…

Answered: • 164. You have been appointed as the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Q1:243 A project manager should have many skills. Describe two of these skills by providing a scenario in your choice to show how your selected skills are necessary. A description of the scenario’s environment is required for a better understood of the project manager qualities.
question 1 Avihe just got promoted as a Junior Manager. He has six (6) subordinates under his care. Recently, Avihe received a project from his Senior Manager, Brian, to run a charity programme. Task: By using the most basic principles in management, (e.g., the function of management, etc.), advise Avihe how he can run this charity programme efficiently and effectively. Briefly explain to Avihe the possible managerial roles that he needs to play in the project?
Q1 No HandWriting: What are Project Management Knowledge areas? Explain the various types of knowledge areas that project managers should develop for effective and efficient management of their projects.
QUESTION 1 In a project organizational structure, of an enterprise, the project manger reports to: A functional manager VP CEO Both functional manager CEO
QUESTION ONE (1) a. What is a project? b. How is a project different from what most people do in their day-to-day jobs? c. List at least TWO (2) name of the popular certifications provided by the Project Management Institute? d. Discuss the at least TWO (2) relationships between projects and programs.
Question Direction: Determine the statement of the problem, solution to the problem and conlusion of the given case. No need too much info. Just include the necessary details. The Lyle Construction Project At 6:00 P.M. on Thursday in late October 1998, Don Jung, an Atlay Company project manager (assigned to the Lyle contract) sat in his office thinking about the comments brought up during a meeting with his immediate superior earlier that afternoon. During that meeting Fred Franks, the supervisor of project managers, criticized Don for not promoting a cooperative attitude between him and the functional managers. Fred Franks had a high-level meeting with the vice presidents in charge of the various functional departments (i.e., engineering, construction, cost control, scheduling, and purchasing) earlier that day. One of these vice presidents, John Mabby (head of the purchasing department) had indicated that his department, according to his latest projections, would overrun…
Q1. Discuss difference between Project, Project Management, and Operations with real world examples.
[Chapter 14. Managing Projects] The US Defense Department has planned to develop an intelligent warfighting capability by providing continuous wireless communication capability to update the current battle situation, which opens the way for the warfighters to out-smart opponents. In consideration of its importance, the Army started as a big program that contains numerous projects from small-sized tank development for fast deployment, wireless communications equipment development, software development, logistics system development, to training system development, all at once. The necessary technologies of the combined wireless communications are yet to be developed. Software development was not easy to convert the operational concept into software programming with no precedent experience. In this case, what kind of problems or risks would arise as the program proceeds? The new warfighting concept is novel, but development details are not easy to accomplish. In this…
Question 5transaction processing system is an ICT project being undertaken to enhance organizational performance. the following as a Project Manager:a) How would the project manager identify the project scope and organize your work breakdown structure? b) How would the project manager make use of the Gantt-Chart to facilitate your project delivery? c) How would the project manager make use of critical path analysis to identify the project critical activities
Task No. Task Name Task Duration(Days) Immediate Predecessor task 1 Preliminary system description 40 — 2 Develop specifications 100 1 3 Client approval 50 2 4 Develop input-output summary 60 2 5 Develop alarm list 40 4 6 Develop log formats 40 3, 5 7 Software definition 35 3 8 Hardware requirements 35 3 9 Finalize input-output summary 60 5, 6 10 Analysis performance calculations 70 9 11 Automatic turbine startup analysis 65 9 12 Boiler guides analysis 30 9 13 Fabricate and ship 200 10, 11, 12 14 Software preparation 80 7, 10, 11 15 Install and check 130 13, 14 16 Termination and wiring lists 30 9 17 Schematic wiring lists 60 16 18 Pulling terminals and cables 60 15, 17 19 Operational test 125 18 20 First firing 1 19 Therefore, Critical Path = 1-2-4-5-6-9-10-13-15-18-19-20 Note: tj is the original duration of task j; dj is the minimum duration of task j. Expediting Costs ($1,000) and Limits Task no.…
Task No. Task Name Task Duration(Days) Immediate Predecessor task 1 Preliminary system description 40 — 2 Develop specifications 100 1 3 Client approval 50 2 4 Develop input-output summary 60 2 5 Develop alarm list 40 4 6 Develop log formats 40 3, 5 7 Software definition 35 3 8 Hardware requirements 35 3 9 Finalize input-output summary 60 5, 6 10 Analysis performance calculations 70 9 11 Automatic turbine startup analysis 65 9 12 Boiler guides analysis 30 9 13 Fabricate and ship 200 10, 11, 12 14 Software preparation 80 7, 10, 11 15 Install and check 130 13, 14 16 Termination and wiring lists 30 9 17 Schematic wiring lists 60 16 18 Pulling terminals and cables 60 15, 17 19 Operational test 125 18 20 First firing 1 19 Please find ES(earliest start time), EF(earliest finish time), LS(Latest Start), LF(Latest Finish), and slack time.
Question 2 Problem Statement: Project Control and Monitoring You are working on a manufacturing project having a budget of PKR 3,600,000 and expected time of its completion is one year. There is an ideal condition that your budget and work are evenly spread across the duration of the project that is twelve month. At the end of forth month, the senior management has called a meeting and invited all the stakeholders to brief about the status of the project. You being the PM of this project is giving the presentation to all the attendees and informed that project is on schedule and PKR 1,800,000 have already been spent on the project. Required: Calculate Cost and Schedule Variance What is SPI and CPI of the project? Estimate at completion and Estimated time to complete?

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