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- What happens as you increase the number of people working on a project from three to six?a. The project will get done twice as quickly.b. The communication requirements for the project double.c. The project might or might not be accelerated.d. The communication requirements for the project increase by far more than 2x.e. The project will get done twice as quickly and the communication requirements for theproject double.f. The project might or might not be accelerated and the communication requirementsfor the project increase by far more than 2x.What is 1 Project scope, 2 stakeholders, 3goals, budget, 4plan, 5deliverables 6duration. 7constraints, 8risks, 9 Gantt chart. for project Metro Transit App This app will help its users to buy their tickets online based on their destinations. It will help the users to organize their daily trips and which bus or train they should take, and day and time of each trip leg. The detailed requirements are not fully specified at this point of time.A recent report, dated February 3, 2020, on executive awareness of and involvement in corporate pandemic preparedness by Michael Evangelides, Principal at Deloitte Consulting LLP, states that, there is a need for more staff training on COVID 19 to improve health and safety in the workplace, reduction of workplace absences. Most top executives and boards of directors are not engaged in the pandemic planning process and won't give it equal billing to other potential disruptions until at least one of the following occurs: Media attention to pandemic influenza increases. Legislation or Regulation are passed, requiring enactment Shareholders and investors demand a high level of preparedness. The financial impact of a pandemic on the corporation becomes evident. A new collective bargaining agreement for Haze Trelawny LLP, a steel manufacturing company, is quickly approaching. The entity just penned a huge contract and would require all hands on deck in order to meet the stringent…
- Constraints in project management are some important factors that everyone must work within to achieve the project goals and unfortunately, these are unavoidable. As a Project Manager, being aware of the limitations is essential in directing project path and ultimately reaching success. That is why, by knowing project constraints is such an important task to be performed at the planning stage. There are 6 Project Constraints that we need to know. Explain the following constraints in your own words and make sure to identify 2 applications / connections / linkages of such constraint with your WBS. Write your answer on the space provided below.The sensitivity of two parameters (P and n) for one project is evaluated by graphing the AW values versus percentage variation from the most likelyestimates. The curve for n has a slope very close to zero, while the P curve has a significant negative slope. One good conclusion from the graph is that:a. both PW and AW values are more sensitive to variations in P than n.b. the project should be rejected, since AW values vary with P and n.c. a better estimate of P needs to be made.d. the ROR is equally sensitive for both parameters.Cases 9-45 should be prepared in a Word document with embedded Excel spreadsheets for relevant calculations and supporting schedules. CASE 9-46 Patricia Eklund, controller in the division of social services for the state, recognizes the importance of the budgetary process for planning, control, and motivational purposes. She believes that a properly implemented participative budgetary process for planning purposes and an evaluation procedure will motivate the managers to improve productivity within their particular departments. Based upon this philosophy, Eklund has implemented the following budgetary procedures. An appropriation target figure is given to each department manager. This amount is the maximum funding that each department can expect to receive in the next year. Department managers develop their individual budgets within the following spending constraints as directed by the controller’s staff. ◦ Expenditure requests cannot exceed the appropriation target. ◦ All fixed…
- All of the following statements about contingency and management reserves are true EXCEPT:multiple choice Contingency reserves are established to cover identified risks. Contingency and management reserves are dependent on each other. The management reserve applies to the total project. The management reserve covers unforeseen risks. If a risk does not materialize, funds pertaining to that risk are removed from the contingency reserve.Vivian and Wayne are planning on going to Lamazenatural childbirth classes. Lamaze classes meet once a weekfor five weeks. Each class gives 20% of the knowledge neededfor “natural” childbirth. If Vivian and Wayne finish theirclasses before the birth of their child, they will forget duringeach week 5% of what they have learned in class. To maximizetheir expected knowledge at the time of childbirth, duringwhich week of pregnancy should they begin classes? Assumethat the number of weeks from conception to childbirthfollows the probability distribution given in Table 9. Week of Birth Probability36 .0537 .1539 .2040 .3041 .1542 .1043 .05In the opening of this week's chapter, the author references a study reported in the Harvard Business Review which exposed the prominence of cost overruns in IT projects. Research an IT project that went over the estimated budget. In your post, report why the project incurred an overrun and what could have been done differently to avoid this overrun. At minimum, your post should be 150 words.
- What is true about the assignment problem if the solution has reached the table below? Project A Project B Project C Project D Expert W 0 100 200 0 Expert X 0 0 200 300 Expert Y 0 100 300 0 Expert Z 200 100 0 0 a. The minimum number of vertical and horizontal lines needed to cross out 0s is three. b. Optimal assignment of projects cannot be determined yet. c. Optimal assignment of projects can now be determined.The project manager is tasked with the responsibility of balancing project constraints to increase the probability of project success, and ensure that the project meets its objectives. In this discussion forum: Identify and explain at least five (5) project constraints, and explain the working of the triple constraint model of project management.What is the minimum cost of crashing the following project that James Walters manages at Athabasca University by 4 days Activity Normal Time (days) Crash Time (days) Normal Cost Crash Cost Immediate Predecessor(s) A 5 4 $800 $1,000 — B 8 6 $200 $600 — C 5 4 $600 $650 — D 7 4 $750 $1,500 A E 6 4 $1,200 $1,650 C A. By how many days should each activity be crashed to reduce the project completion time by 4 days? Fill in the table below. (Enter your responses as whole numbers.) Activity Each Activity Should be Reduced BY (days) A 1 B 0 C 1 D 3 E 2 B. The total cost of crashing the project by 4 days is _____ (Enter your response as a whole number.) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You…