Q2:Find out the completion time and the critical activities for the following project: D 20 B E H 11 K 6 10 16 14 7 C F 10 25 1.
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- Justify the usage of earned value management (EVM) to control costs and monitor project success, and hypothesize on why it is not utilized more often. What are some broad guidelines for determining if a cost variation, a schedule variance, a cost performance index, or a schedule performance index is positive or negative?Q3.When we start a project how we know this project or program is feasible for our future? Explain with help of diagramA company was replacing the single-use plastic bags with cloth bags. However, the selected fabric is on backorder and will not be in stock for three weeks. The vendor suggested using another fabric that is in stock, but it is less sturdy than the original choice.If the company decides to wait until the original fabric is available, this will change the __________ of the project. a.) cost b.) scope c.) quality d.) timeline
- N5 Explain some of the basic principles of cost management, such as profits, life cycle costs, tangible and intangible costs and benefits, direct and indirect costs, and reserves. Why is defining activities a process of project time management instead of project scope management?Use the information in this table to calculate the weighted score for project 2 Criteria Weight Project1 Project2 Project3 Project4 Supports of key business objectives 5% 90 90 50 20 Has strong internal sponsor 10% 70 90 50 20 Has strong customer support 5% 50 90 50 20 Realistic level of technology 10% 25 90 50 70 Can be implemented in one year or less 30% 20 20 50 90 Provides positive NPV 10% 50 70 50 50 Has low risk in meeting scope, time, and cost goals 30% 20 50 50 904a) Total quality management is a top-down program True/ False 4b) The qualifications of a competent project manager are: technical expertise, related project experience, business capability, leadership ability, people skills and appropriate educational degree. True/ False 4c) A good method to ensure client satisfaction is to develop criteria and a related measurement program and periodic report that show the contractor's performance against the criteria. True/ False 4d) Some of the elements for an effective team-building program are: project commitment, cost and schedule consciousness, and working togetherness True/ False Make sure you solve all question, I need only answers. If you are going to solve please left this question. I need all answers.... **
- You are the project manager of the software installationproject in Table 7.12. You would like to find the minimum-costschedule for your project. There is a $1,000-per-week penaltyfor each week the project is delayed beyond week 25. In addi-tion, your project team determined that indirect project costsare $2,500 per week.a. What would be your target completion week?b. How much would you save in total project costs with yourschedule?Exercise regular time acceleration time Normal Cost acceleration cost Precedents A 4 3 900 1000 --- B. 8 6 300 400 --- C 4 3 500 650 --- D 6 4 900 1200 A AND 7 4 1000 1600 C a. The duration of the project in normal time and without acceleration is Response days . b. The minimum cost to accelerate the project in 2 days is Response .Assuming that the project is performed by an outside contractor, what is the role of the customer's employees in the planning stage of the project life cycle?
- Hey there I have a project management related task in which I have to design a new university library. Fo these I need some help related to following things:1-Major constraints 2-Expected Benifits3-Major AssumptionsAlso if you can tell some risks for risk register as well.How can Requirements Traceability Matrix (RTM) be used to ensure that all requirements are met throughout the project lifecycle and for regulatory compliance?Assuming that the project is performed by an outside contractor, what is the role of the customer's employees in the planning stages of the project life cycle?