d) You are required to propose one tool for ranking projects for assessing the balance of projects, and to propose one tool for assessing the value of the portfolio.
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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.Part A: Describe the Business Case for Car Sharing in Futureville This assignment requires you to write a report dealing with the issues listed and described below. Schedules and cost estimates are not required for the very good reason that they involve an imprecise process that is part of project management rather than an analysis and design activity. Part A should be set up as a report, with an introduction and appropriate headings reflecting the topics and tasks below. Your report should be set up as follows: I. The Business Environment This section of the report should provide sufficient background information to allow someone not familiar with the business situation to understand the justification for this project. Start by addressing the following tasks: Identify the business need for the Car Sharing IS project. Consider the needed interfaces to other systems. Analyze the system stakeholders, and briefly describe their “stakes.” Stakeholders include the project sponsor and…This exercise tests your ability to come up with a detailed and elaborate Business Case for a project. One of the main responsibilities of an IT Project Manager is writing and defending Project Proposals, that is, justifying the need for the project. You need to explain the organization’s need(s), the current situation, and why your proposed solution will workAssume that you wish to import a 14-seater Public Service Vehicle (PSV) to ply route 14 (Town-Nairobi West-Madaraka) of Nairobi City. You need to compute the Total Cost of Ownership (TCO), that is, the cost of purchasing and maintaining the vehicle including the regulatory requirements. You are expected to take a loan at the prevailing rates and spread it as you wish (based on your assumptions-show the calculations). You then calculate projected income expected from the “Project” (again based on some assumptions which you need to state) and give a realistic position about the viability of getting into this “project”. You earn…
- The management and oversight of scope modifications within the project has an impact on the deliverables that are generated as a result. Provide suggestions on how to decrease the frequency of requests for changes to a project's scope as well as a discussion of the change control procedure.1.Estimating the type and quantities of resources required to perform each schedule activity defines: Select one: a. Three-point estimating. b. The Estimate Activity Resources process. c. Analogous estimating. d. The Estimate Activity Durations process. Which of the following project documents would NOT likely be updated in the Develop Schedule process? Select one: a. Project scope statement b. Risk register c. Project calendar d. Activity resource requirements Comparing target schedule dates with the actual or forecasted start and finish dates is an example of: Select one: a. Using project management software. b. Progress reporting. c. Calculating a cost performance index (CPI) value. d. Conducting a variance analysis. All of the following are parts of the scope baseline EXCEPT the: Select one: a. Project Scope statement b. WBS dictionary c. Work breakdown structure d. Scope management plan The project manager has just received a change from the customer that does not affect…Project management is a challenging task with many complex responsibilities. Fortunately, there are many tools available to assist with accomplishing the tasks and executing the responsibilities. Some tools and techniques require a computer with supporting software, while others can be used manually. Project managers should choose a project management tool that best suits their management style. No one tool addresses all project management needs. TASKS (a) Using examples, describe how project planning tools and techniques can be effectively categorized (b) Using examples, discuss what constitutes the project execution tools and techniques of project management.
- In 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.Please provide feedback and reaction to discussion below. A project is a “temporary activity launched for a specific purpose, to carry out a particular objective” (Wallace, 2020, p. 354). Projects are generally special and specific to a certain task. They also can contain many complicated or long-term steps that are needed to complete the project. In a project, steps and tasks are not always straight to the point. Because projects are unique, there are constraints to be followed. These constraints are forces that consists of time consumption, costs and budgets, and scope (Wallace, 2020). These forces work hand in hand and affect each other differently. A process is different from a project and generally less complicated. While projects contain complicated and elongated steps, processes are usually shorter and straight to the point. A process “is a series of events designed to deliver a product or service that is repeated over and over” (Wallace, 2020, p. 354). In order to keep the…To obtain reasonable assurance about the completion of the project within the timeline, the best method is which of the following? A. To interpolate the end date based on completed work and resource availability B. To obtain affirmation from the project manager about the project completion date C. To compare the estimated end date and estimated time for completion of the project D. To extrapolate the end date based on completed work and resource availability.
- Joe and Noël have just gotten engaged. Seeing as they are both business students, they thought that they’d try to plan out their wedding preparation as a project. Here’s the WBS they’ve determined is necessary for a simple but elegant wedding. Assume all durations are deterministic. Although perhaps not realistic to real wedding planning, use the standard calendar in ProjectLibre (use default working days in software). Based on the project you created, answer the following questions. Please note that each question is independent and not built upon each other. a) If Joe and Noël start wedding planning on January 1, 2023, when is the wedding day? b) What is the critical path? List all critical tasks in chronological order. c) Will the critical path change if Noël decides she needs two extra weeks for the Bridal Diet? If yes, what is the new critical path and when should the wedding be held? d) Assume that band auditions take twice as long as expected. Does this affect the…I need a detailed explanation and assistance on how to solve this problem: The company decided that the project in the previous problem has to be expedited in order to optimize (minimize) the project cost. Expediting can be used to trade direct cost for indirect cost, since expediting the project reduces the indirect cost of the project by a fixed amount per day, while expediting an activity increases its total direct cost. The Accounting Department found that indirect costs amount to $100 per day, while activity direct costs as well as their normal and expedited times are given in the table below. Activity Normal Time (days) Expedited Time (days) Normal Cost ($) Expedited Cost ($) A 32 26 200 500 B 21 20 300 375 C 30 30 200 200 D 45 40 200 800 E 26 20 700 1,360 F 28 24 1,000 1,160 G 20 18 400 550 From this table you can compute the direct cost incurred by expediting an…Which of the following is NOT found in a project charter?A. Procedures to managing changes to contractsB. The business case for the projectC. Constraints and limitations on the project workD. Assumptions that have been made about the project Which of the following best describes the triple constraint?A. Cost, schedule, and qualityB. Cost, schedule and scopeC. Cost, resources, and scheduleD. Cost, schedule, and product What is a risk owner?A. The person who is responsible for the response plan for the risk.B. The person who monitors the watch list that contains the risk.C. The person who meets with stakeholders to explain the risk.D. The person who makes a risk happen.
