Being the winning bidder means that your company will earn a profit on that project. A) True B) False
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- Many executives are reluctant to let project managers have complete control of project costs because then the project managers must know the exact salaries of almost all project personnel. Can this situation be prevented if the contract requires reporting costs as actuals?Bobby is an employee of a publicly traded corporation, and holds stock and stock options. As a member of the product development team, he has been working on the design of a new product at the company. For its part, the company has been pinning most of its future economic hopes on thesuccess of the release of the product. However, the development of the product has not gone public yet. The company is keeping the entire project a complete secret until it releases it publicly. The company has been so secretive about the new product that no one but Bobby knows the releasedate yet. When Bobby realizes this, he decides to use this information to profit heavily by purchasing as much stock as he can afford in the company right before the product goes public. Then, when the stock prices rise after the successful release of the product, he plans to sell it all. What kinds of information are considered "material information" when discussing insider trading? Would the information Bobby used to…Once a new consultant has agreed to join the project team, a contract for the procurement ofhis services would have to be drawn-up.Identify which type of contract you would favour, assumingthat you are looking to protect the project and the project team from as much risk aspossible.
- I hired a consultant to prepare a feasibility study of a project, which I am actively considering implementing. I paid the consultant $75,000 to do the study. The fee was quite reasonable. The project involves construction of a building for which I would also need a properly located piece of land. I bought such a piece of land about 10 years ago for the unbelievably low price of 1 million. Lucky me! Based on what I describe above, I feel pretty good about the project being a success. True or False? and Why?You are managing a project where you work with 7 other team membersand two sponsors. How many lines of communications are there betweenstakeholders on this project?A. 21B. 36C. 54D. 45 Joe is an excellent programmer. He was promoted to a role of ProjectManager because he understands technology better than anyone else in thecompany. Unfortunately, he is having trouble doing the project managementjob and his projects are failing. What is this an example of?A. Halo effectB. Gold platingC. Pre-assignmentD. Ground rulesAssume all cash flows occur at the end of each period. a. What is the net present value (discounted at 8%) of this project? Consider all costs and expected revenues. (Enter your answer in thousands of dollars. Perform all calculations using Excel. Do not round any intermediate calculations. Round your answer to the nearest thousand.)
- 3. Why might a sponsor find it economically convenient to refinance loans once the construction phase for the project in question has been successfully completed? a) to cut down on the length of the project at hand so as to move on to new ones. b) to reduce the severity of certain covenants. c) to modify the characteristics of the underlying project. d) to modify the loan agreement.Why might a contractor prefer having liquidated damages in a contract (rather than no provision for liquidated damages)? Contractors prefer to pay at the beginning of a project rather than at the end. Liquids generally don’t cause much damage. Liquidated damages reduce the likelihood of litigation in the event of late completion Liquidated damages are accompanied by bonuses for early completion. Contractors usually can avoid paying them by documenting problems during the project.3. Describe benefits of including the people that will be involved in performing the projectwhen planning the project.
- “A project that wins management support will undoubtedly succeed”. Evaluate the statementAny cost revision of a project either due to its changed scope or due to an increase in its cost by more than 15% can be again revised and submit after (a) One year (b) two years (c) three years (d) none of thesea) verify that the normal duration is 22 days and that the direct cost is $3,050. b) what is the least costly way to reduce the project duration to 21 days? what is the project cost? c) what is the least costly way to reduce the duration to 20 days? what is the project cost?