.Q3: Answer A or BA\ Answer the following1- Arepresents Hierarchical Breakdown of a Project in to element.2- Resources are different than Expenses3- A hierarchical structure that identifies the company-wide projects and enablesorganizing and management of those projects by means or subdivision or level is:4- How many types of reports we have in Primavera5- The finish of the successor activity depends on the finish of the predecessor activity isreferred asB\ Correct the answer1- Ponds is the base currency by default in Primavera2- WBS is a Set of codes to organize the project in the EPS in groups according tospecific categories3- Activity tab used to apply constraints, select an activity and select the4- The E.P.S usually reflects the management structure of your Organization5-A resource is the project personal job titles or skills, such as mechanical engineer,inspector or Carpenter

Project management is the discipline of planning, organizing, and managing resources to successfully…

Answered: Q3: Answer A or B A\ Answer the…

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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This case describes one company's approach to establishing a project portfolio management capability. It focuses on the practical methods used by United Illuminating Company (UI), a regional distribution utility that provides electricity and energy-related services in Connecticut, to migrate from a traditional functionally based project environment to a dynamic, crossfunctional business environment that manages projects for strategic advantage. The migration period addressed is approximately one year, which is the time it took to establish the fundamentals of Project Portfolio Management (PPM) into the organization. In the spirit of the continuous improvement approach to business, this effort is still in progress.UI, as a public electric utility, is transitioning to become a vital player in the new deregulated utility environment. In 2000, UI's senior management recognized that sustaining shareholder value called for improvement of business processes and the proper selection,…
Match the following characteristics with their relevant project team organizationalstructures: LO4–1 ____ The project is housed within a functional division of the firm. A. Pure project____ A project manager leads personnel from differentfunctional areas. B. Functional project____ Personnel work on a dedicated project team. C. Matrix project____ A team member reports to two bosses.____ Team pride, motivation, and commitment are high.____ Team members can work on several projects.____ Duplication of resources is minimized.
You are managing a project where you work with 7 other team membersand two sponsors. How many lines of communications are there betweenstakeholders on this project?A. 21B. 36C. 54D. 45 Joe is an excellent programmer. He was promoted to a role of ProjectManager because he understands technology better than anyone else in thecompany. Unfortunately, he is having trouble doing the project managementjob and his projects are failing. What is this an example of?A. Halo effectB. Gold platingC. Pre-assignmentD. Ground rules
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…
FROM THE TEXT (Project Management): The project team decides the work that will be self-performed—performed by members of the project team—and the work that will be outsourced to others. The procurement strategy focuses on the work that will be outsourced—performed by outsiders. Luu, Ng, and Chen (Luu, Ng, & Chen, 2003) studied project procurement selection priorities and identified budget and schedule as the most important considerations in the decision to outsource activities. This study of construction projects also identified other items that project managers must consider in developing a procurement strategy, including quality, risk, complexity, and flexibility. Some outsourcing decisions are easy. Outsourcing Steel and Concrete in New York A construction company has a contract to build a large building in downtown New York. Most, if not all, the construction materials, such as steel and concrete, will be purchased from companies that specialize in steel and concrete.…
The ideal outcome of the planning process group is to complete a project successfully by delivering the agreed-upon project scope within time, cost, and quality constraints Select one: True False Initiating involves developing a project charter, which is part of the project ______ management knowledge area. Select one: a. scope b. risk c. communications d. integration Estimate activity resources output Select one: a. Activity list, activity attributes, milestone list, project management plan updates b. Project schedule network diagrams, project documents updates c. Activity resource requirements, resource breakdown structure, project documents updates d. Schedule management plan As time progresses, the scope of a project should become ... Select one: a. more clear and specific b. more vague c. more ambiguous d. more difficult
4a) 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.... **
Management Firm is a consulting company that specializes in the development of decision support systems. Time (Weeks) Activity Description ImmediatePredecessor Optimistic Most Probable Pessimistic A Report generation 2 8 12 B Web scraping 4 9 11 C Testing A, B 1 1 1 (b) Using all paths through the project network, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.)
I only need help with D,E,F ONLY PLEASE!! Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop a project network. A project network with 8 activities and 8 directed arcs is shown. Activity Start is connected to activity A. Activity A is connected to activity B and to activity C. Activity B is connected to activity D. Activity C…
When a project manager must reduce the duration and time on a project, removing deliverables from what was originally planned would be an example of. A. Fast tracking B. Reducing the project scope C. Using critical chain project management D. Compromising quality
Give an explanation of how earned value management (EVM) may be used to keep expenses under control and monitor the overall effectiveness of a project, and then hypothesise as to why it is not utilised more often. How can one determine if the data for cost variation, schedule variance, cost performance index, and schedule performance index are healthy or unhealthy? What are some basic rules of thumb?
Hi, I need help answering the last question. Rob Smith is managing a small project at Boston University. He is under pressure to shorten the overall duration of the project by 4 weeks and he wants to do so at the lowest cost possible. In order to meet this objective a number of activities must be crashed. Activity Normal Time (weeks) Crashed Time (weeks) Normal Cost Crashed Cost Predecessor(s) A 5 3 $800 $1,200 - B 6 5 $300 $450 - C 6 5 $550 $775 - D 3 2 $750 $950 A E 6 3 $1,350 $2,250 C F 5 3 $675 $875 B What is the total cost of crashing the project 4 weeks (just the additional cost, not total project cost)? (Display your answer to two decimal places.)

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