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- please help, project management Running Case1 The Global Treps Project team is working hard to ensure they meet expectations, especially for the people who will be holding and participating in the four events. The team has a detailed scope statement, but you want to make sure you are not forgetting requirements that might affect how people view the quality of the project. You know that the project’s sponsor and other key stakeholders are most concerned with getting people to use the new website, having successful events, and helping promote entrepreneurship across the globe. You also know that various geographic and cultural issues will need to be addressed. 2. Based on the list you created for Task 1, determine how you will measure progress on meeting the requirements. For example, you might have people take a survey after they view the online training videos to collect feedback.please help, project management Running Case1 The Global Treps Project team is working hard to ensure they meet expectations, especially for the people who will be holding and participating in the four events. The team has a detailed scope statement, but you want to make sure you are not forgetting requirements that might affect how people view the quality of the project. You know that the project’s sponsor and other key stakeholders are most concerned with getting people to use the new website, having successful events, and helping promote entrepreneurship across the globe. You also know that various geographic and cultural issues will need to be addressed. 3. After analyzing survey information, you decide to create a Pareto chart to see which types of guidelines for running an event generated the most interest. First, create a spreadsheet in Excel using the data in the following table. List the most frequently requested guidelines first. Use the attached Excel template…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…
- To start, let's look at Phase 1: Initiation. Pretend that you are the owner of a company that performs interior painting services. You will be attending a bidders' conference at Johnson & Wales University where you will receive more detailed information about the classroom painting project. At this point, your goal is to gather information about the project stakeholders as well as project details to determine whether or not to submit a bid for the project. With the information supplied thus far, please answer the following questions: Who might the stakeholders be for this project? You can think in general terms of job title and responsibilities. What questions might you have for the client before deciding to submit a bid? What assumptions about the stakeholders might be logical to make? If you were a team member on the project, not the owner of the painting company, discuss briefly how you might interact with the stakeholders. Determine at least five stakeholders for the…Project definition involves: Your answer: 1-identifying geo-social environment, econo-political environment, business environment, and internal environment. 2- identifying stakeholders, understanding their motivations,and prioritising and managing different stakeholders. 3- determining objectives, scope. and strategy. 4- Defining operationsI 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?
- Project Managers must demonstrate (4) activities: Project planning: ◦Project scheduling:◦Project monitoring:Project reporting: Please pick one activity, define it in your words and give a specific example how you would demonstrate and achieve that activity.You’re managing an industrial design project. Your project is currently in theInitiating phase. The project charter has been created, and you are workingon developing the preliminary scope statement. Which of the following isNOT something that you should do?A. Create the change control systemB. Document initial project risksC. Identify internal and external constraintsD. Write down any assumptions that you have made Alberto is the project manager of a software implementation project.His company has made an organization wide decision to move to a newaccounting and human resources software package. He has read thatsome projects to implement the same package have resulted in the loss ofpersonnel data when they tried to import it into the new system. He backsup the data so that it could be restored in the event of such a problem butalso buys insurance to cover the cost of keying in the data manually if theimplementation doesn’t work. Which response strategies are Albertousing?A.…WEEKS 1-2/ 2nd Quarter Activity 1. TRUE/ FALSE.Directions: Read each statement below carefully. Mark “T” for statements youbelieve are true, and “F” for statements you believe are false. Write your answers ina separate sheet of paper.1. If an employee only receives a percentage of the sales made with no additionalcompensation given then, he is receiving a straight commission.2. If an employee receives a guaranteed base salary amount and earn an undefinedamount of commission based on the number of sales he makes, then he isreceiving a graduated commission.3. Salary plus commission is earned as a percentage of sales that as volume of salesincreases, the amount of commission also increases.4. Current increased balance is the total amount you have to pay that includespenalties or interest incurred by unpaid balance from a loan.5. Down payment is given during the last payment of a purchased item.
- You have been assigned as the team leader for a group project to update the current HR vacation and sick leave policies. Your five-member team has 6 months to complete the task and present a recommendation to the management team of the organization. Your immediate role is to organize and assign each team member with his or her specific assignments to accomplish the project. Describe the steps to creating an implementation strategy for your team. Write a minimum 5-page plan, addressing the following: Explain the purpose of the team project and provide a list of tasks. Identify 3 types of teams. Describe 3 key elements of designing a team. Create 3 tasks for each team member, providing your reasoning for each team member assignment (tasks can overlap between no more than 2 team members).A sole proprietor registered a learning Canter in 2019 and mounted five products of which two are purely to be implemented on an online platform through multilevel marketing while the other two that involves virtual labs are to implemented through a hybrid mode. To date the project has not taken of despite the heavy investments and marketing techniques he seems to have challenges in implementation. The said CEO is not a believer in Strategic Management and developing of a Strategic Plan but rather believes on quick objectives to yield very few results. As a person undertaking a course in Strategic Management and understands the importance of the course: Discuss seven challenges the CEO will continue to face and provide the solutions to each of the challenges in terms of strategy and operations.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…