Project risk management involves: O A. Analogous estimating, bottom-up estimating and parametric modelling O B. Cost estimating, cost budgeting and cost control O C. Risk identification, contingency budgeting and contracts management O D. Net present value, return on investment and payback analysis
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- 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 10. Dissect the relationship between the triple constraints. b. Explain the importance of planning and monitoring and controlling scope on a project.Please do not give solution in image format thanku The project entails the construction of a high-speed rail network linking the nation's main cities. The success of this initiative depends on effective organisational strategies, the resolution of issues in operations strategy, and the development and implementation of the strategy appropriately. Describe in detail, as a project and facilities manager, the stages involved in developing an all-encompassing project strategy, including goal setting, environmental analysis, strategy formulation, and strategy selection.
- 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…Project Management 5. Discuss the importance of triple constraints. b. Discuss the importance of Scope Management in managing projectsWhich of the following statements regarding Gantt charts is true?a) Gantt charts give a timeline and precedence relationships for each activity ofa projectb) Gantt charts use the four standard spines: Methods, Materials, Manpower, andMachineryc) Gantt charts are visual devices that show the duration of activities in a projectd) Gantt charts are expensivee) All of the above are true
- Project 1-3: Creating a Project Schedule for Hiring a New EmployeeIn this project, you will create a project schedule for the process of hiring a new employee for your department. GET READY. OPEN a new blank project schedule. Set the project start date to be October 21, 2019.Enter the following tasks and durations:Task DurationWrite job description 2dNotify departmental recruiter 1dPost job internally 5dPost job externally 5dCollect résumés 10dReview résumés 5dSet up interviews 3dConduct interviews 8dSelect candidate 1dMake offer milestoneAssign a finish-to-start relationship to all the tasks.Change the relationship between tasks 3 and 4 to a start-to-start relationship.Auto-fit all the columns and rows.Change all tasks to the Automatically Scheduled mode.Use the statistics button on the Project Information dialog box to determine the current project duration.SAVE the project schedule in the solutions folder for this lesson as Hiring Employee xxd where…a. Give 3 reasons why is it important to conduct resource analysis when doing project management. b. Show with examples how IT/MIS tools can assist with conducting resource analysis2.1. Actual project costs are determined by keeping track of the amount of actual cost expended and committed costs. Discuss the tools that a project manager could use to keep track of actual costs on a project 2.2. List and explain the measures that are used to analyse cost performance on a project 2.3. Discuss the measures that a project manager should take when project costs are exceeding the budget
- a) how to staff a project stage b) how and where to obtain skilled personnelProject scope (Per Chapter 4, this should be more detailed than the proposal scope)a. Project Objectivesb. Customer Requirementsc. Project Statement of Work (Tasks)d. Project Deliverablese. Project Acceptance/Success Criteria2. Provide Estimated Number of Workers Needed to Complete Project and their responsibilitiesa. Develop fictional people with professions needed to complete the project3. Provide a Task List/Work Breakdown Structure to divide the project into piecesa. Use graphical structure from pages 114-115 in text 4. Provide a Network Diagram for your project with estimated activity durations for each step. 5. Using a Project Schedule similar to page 161 in the text, provide a schedule for the project if wewere to start on June 1st, i.e. estimated time to completion and time to complete various tasksa. Need Earliest Start/Finish and Latest Start/Finish Calculations, and Slackb. Identify the Critical Path in your project6. Provide any risks that your team believes 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…