Select the best answer for the following questions:1) An ongoing process that evaluates and implements functions that drive a business is:a) Mission impossibleb) Continuous improvementc) Quality controld) Cost effectiveness2) Project Schedules are meant to provide a path forward to guide the project planningprocess, but not all activities are on the 'critical' path. Those activities not on the CriticalPath are distinguished by including:a) Cost of activityb) Total Floatc) Long Lead timed) Negative Lag3) At what point in an engineering project is the Engineer involved?a) Conceptual Developmentb) Providing specificationsc) Design Developmentd) Financial pro-forma4) Engineers are characteristically good at all of the following but:a) Analyzing critical datab) Providing alternate solutions to process developmentc) Delegating tasks for a projectd) Provide Quality control during design.

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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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1) List and explain the phases that mark the life of a project. 2) For each project phase identified in 1(a) above, describe at least four (4) projectactivities/processes performed in the phase. 3) With the use of a diagram, show (illustrate) the typical levels of uncertainty or projectrisks associated with each phase and throughout a project.
Project Scope Management includes the processes required to ensure that the project includes all the work required, andonly the work required, to complete the project successfully (Project Management Institute, 2017:129).By referring to the project scope management process, discuss how the case study project scope could have been definedmore efficiently by specifically referring to plan scope management.
2.To obtain reasonable assurance about the completion of the project within the timeline, the best method is which of the following? Group of answer choices To compare the estimated end date and estimated time for completion of the project To obtain confirmation from the project manager about the project completion date To obtain confirmation from the project manager about the project completion date To extrapolate the end date on the basis of completed work and resource availability 15.From among the following activities, which is the best example of a project? Group of answer choices Writing a term paper Completing a college degree Producing automobiles Processing insurance claims
the project lifecycle 1) List and explain the phases that mark the life of a project. 2) For each project phase identified in 1(a) above, describe at least four (4) projectactivities/processes performed in the phase. 3) With the use of a diagram, show (illustrate) the typical levels of uncertainty or projectrisks associated with each phase and throughout a project. 4) With the use of a diagram, show (illustrate) the typical levels of project staffingrelated to each phase and throughout a project. 5) For each project phase identified in 1(a) above, identify and describe at least one (1)major deliverable (output) of the phase.
Can you please assist with this homework? The name of the project is setting up A New IT System in the local College. Now that you have selected a project (a case), develop an analytical report of the project with specific focus on the components and questions/statements listed below: (1) State the name of the project and give a brief description of the project. (2) Outline the problem(s) that the project was initiated to solve or the opportunity it exploited. (3) Describe the technique or method used to select the project. (4) Identify and describe at least five (5) characteristics that make this endeavour a project. (5) Identify the project developmental approach used for the project. Give reasons or justification for your conclusion(s). Hint: (Agile, Waterfall/Traditional, or Hybrid approach?) (6) Using your knowledge of the project life cycle and information gathered from the examination of the project documents, describe the phases of the project and the key activities/tasks…
What is the project management plan? a. It is a document, or set of documents that are used to direct the execution, monitoring and control, and closure of the project. b. It will take the form of a written document in which the idea will be expressed along with the goals, strategies, tactics, guidelines and policies to be followed in time and space. c. A planning consisting of a set of activities that are interrelated and coordinated.
Project Managers are often required to report on the conduct of their projects. The reporting is usually done at regular intervals, such as weekly status reports to the project Sponsor, monthly reports to the executive team on some sort of dashboard, and perhaps to the project team at major milestones. Create a table that displays the requirements and advantages of status reporting for each of the following roles: â€¢ Board of directors â€¢ Executive sponsor â€¢ Business partner â€¢ Project manager â€¢ Team leads â€¢ Project management Trainer â€¢ Key vendor â€¢ Stockholder. APA references
You are assisting the head of the marketing department to develop a project charter for a project titled, COVSTRONG 2021, which will be implemented later this year. Based on your knowledge of this activity and process (i.e. creating the project charter), at what stage of the project life cycle is the COVSTRONG 2021 Project? Select one: a.Executing b.Closeout c.Initiation d.Planning
What is the purpose of retaining record of all project activities? a. they are used to track project progress b. net assets are not being used efficiently c. expenses such are rent, managers salary, etc d. large penalties can be charged for late fillings
Dan, the project manager, has indicated in a planning meeting that the team should identify and avoid any circumstances of ‘scope creep.’ What does Dan means? Select one: a. He does not want the team members to discuss the project scope with other project stakeholders b. He wants to be the only person responsible for scope management throughout the project duration c. He wants the team members to make any changes to the project scope that they deem necessary d. He does not want the continuous or uncontrolled growth and changes in the project's scope at any point after the project begins
What exactly is a basic project plan?Are all baseline plans the same in terms of content and format? If so, why or why not?
The project manager must make trade-offs between project progress and process. Conceptually, this involves trade-offs between the __________ functions. a. schedule and cost b. technical and managerial c. cost and performance d. performance and schedule

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