Evaluate the below statement according to the estimation of activity duration tools, write the number of the correct statement inside the box.Makes use of group intelligence to determine the activity duration, Scaling up or down theanalogous estimate.Choose...In this method, the estimator determines three numbers (Optimistic, Most Likely, Pessimistic).Choose...For projects that are complicated and more factors can influence the duration, reasonablycostly.Choose...More accurate to analogous, Scaling up or down the analogous estimate.Choose...Breaking down the work structure to reduce activities into smaller, more manageable tasks,useful for building accountability through assigning specific tasks to team members.Choose.Choose.Expert JudgmentThe Delphi TechniqueAnalogous EstimationParametric EstimationRelies information from similar projects to determine the activity duration; needs historicaldata.Bottom-up estimatingThree-point Estimating

Project estimation techniques are described as the process of determining the rough approximation,…

Answered: Evaluate the below statement according…

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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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).
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…
You are managing a project with a total budget of $450,000. According to theschedule, your team should have completed 45% of the work by now. But atthe latest status meeting, the team only reported that 40% of the work hasactually been completed. The team has spent $165,000 so far on the project.How would you BEST describe this project?A. The project is behind schedule and within its budgetB. The project is ahead of schedule and within its budgetC. The project is ahead of schedule and over its budgetD. The project is behind schedule and over its budget Which of the following is the correct order of the Monitoring & Controllingprocesses for Scope Management?A. First Scope Verification, then Scope ControlB. There is not enough information to decideC. First Scope Control, then Scope VerificationD. Both happen simultaneously
Can you help me with these two discussions and how much. I added the four causes to discussion 1Discussion 1Choose any four â€˜causesâ€™ of change within a project in table 9.1 in the text. Provide a project example and scenario, and describe the impact of each change. Was there a level of change control in the project examples that tracked ownership, documentation and approval of these changes?-Poor Communication-Difficulty Scoping-Poor Planning-Unforeseen ProblemsDiscussion 2The identification of all changes to a project is only the first step for ensuring a control system is in place. Describe the detailed steps you would implement for your project to ensure an entire change control process is in place. Consider the following topics in your answer: documentation, analysis, approval and implementation. Why is the baseline configuration important to this topic?
using bases of power as a reference, identify two (2) forms/ types of power that a Project Manager can use to organize the fulfillment process of a bottled water startup
1. What is a Project? For the following activities or organisations, state whether or not they fulfil the criteria for being a project and provide a 1-2 sentence justification for your answer. You may need to do a little reading about some of the organisations in order to make an informed judgement. (d) Open source projects (e.g. the Mozilla Project, Thunderbird Project, etc.) (e) The Alan Parsons Project (f) The Manhattan Project
a) 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?
Your immediate task is to organize and assign each team member with their specific assignments to complete the project. Describe how you would go about creating an implementation plan, including which team member is assigned to which tasks. Address the following in your plan: Explain the purpose and goal of a project. Set 3 expectations for the team and the impact of each on the team.
Instruction: the following statement, are arranged being 1 as the first step and so on to be able to come up with a step by step process of project planning. From the activity, why did you arrange the following steps that way? Explain. Give your short reflection. 12 Start planning the project. Use whatever project planning tool that works for you.3 Create a list of tasks that need to be carried out for each identifieddeliverable.4 Create a strong, shared vision; it’s hard to gather the momentum needed to get the project off the ground.2 Create a list of tasks that need to be carried out for each identifieddeliverable.11 Set achievable goals.8 Identify as many risks to your project as possible and be prepared if something bad happens.6 Have a clear understanding of your role in project implementation is an important pillar of a successful project.5 Calculate the approximate direct and indirect costs/expenditures of the project.7 Determine the project’s stakeholders, particularly those…
I'm sorry, I need help with this question to the above problem What is the total cost of crashing the project from its original duration to 11 weeks?
You have been hired by a contractor, who wants you to manage a constructionproject for one of their clients. The project team has been working for twomonths, and is 35% done with the job. Two of your team members come toyou with a conflict about how to handle the ongoing maintenance for a pieceof equipment. You know that they can safely ignore the problem for a while,and you’re concerned that if your project falls behind schedule before nextweek’s stakeholder meeting, it will cause problems in the future. You tell thetwo team members that the problem really isn’t as bad as they think it is, andif they take a few days to cool off about it you’ll help them with a solution.This approach to conflict resolution is known as ______.A. WithdrawalB. CompromiseC. SmoothingD. Forcing You are a project manager for a software project. As you are defining thescope of the work you need to do, you sit down with all of the project’sstakeholders and record all of the requirements you can get from…
Based on the given scenario below, determine the common problems in project scheduling then explain howeach mistake can affect the project. 1. Client: “We want a completed project by next month.”You: “Can you give us some details about exactly what you need in the project deliverable?”Client: “You understand what we want. Just deliver that.” 2. You: “Ok, team. Phase 1 is due by next Monday. It is important. Let’s do it.” No further information. 3. You: “How long will it take to finish phase 1?”Team member: “I don’t know. Maybe 3 days.”You: “Sounds good!” 4. Client: “I know you said you won’t be done with this phase until Monday, but we really need it byThursday. What do you have to do to get it to us by then?”You (checking plan which shows this is impossible): “I really don’t think we can do that”Client: “Just get it done.”You: “Ok”. 5. Client: “When will the project be done?”You: “If everything goes according to plan, we will have the project complete in 3 weeks. So…3 weeks.” 6.…

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