Unlike management reserves, contingency reserves are not likely to be spent and are not part of the project's budget baseline, but they can be included in the total project budget. Question 29 options: True False
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- Question 2 Problem Statement: Project Control and Monitoring You are working on a manufacturing project having a budget of PKR 3,600,000 and expected time of its completion is one year. There is an ideal condition that your budget and work are evenly spread across the duration of the project that is twelve month. At the end of forth month, the senior management has called a meeting and invited all the stakeholders to brief about the status of the project. You being the PM of this project is giving the presentation to all the attendees and informed that project is on schedule and PKR 1,800,000 have already been spent on the project. Required: Calculate Cost and Schedule Variance What is SPI and CPI of the project? Estimate at completion and Estimated time to complete?Question: Hershey Chocolate Corporation was the first company that produced milk chocolate in America. With the passage to time, it focused only on chocolate production, and manufactured many innovative products. After the Second World War, it managed to export its products to 90 countries. In2006, its sales reached 5 billion dollars, and employed over 14,300 people. The objective of the project is to deploy an ERP system covering sales and procurement process. The following is the required schedule of the event. Activity Duration- Weeks Immediate Predecessors A–Select consultant for selecting system 2 _____________ B–Meet with consultant to discuss ERP 4 A C–Meet with Board of Directors to explain proposal 1 A D–Develop request for proposals to give to vendors 3 B,C E–Obtain vendor proposals 4 D F–Develop organization business cases including training 8 E G–Present business cases to Board of Directors 1 F H–Redo…Question: Hershey Chocolate Corporation was the first company that produced milk chocolate in America. With the passage to time, it focused only on chocolate production, and manufactured many innovative products. After the Second World War, it managed to export its products to 90 countries. In2006, its sales reached 5 billion dollars, and employed over 14,300 people. The objective of the project is to deploy an ERP system covering sales and procurement process. The following is the required schedule of the event. Activity Duration- Weeks Immediate Predecessors A–Select consultant for selecting system 2 _____________ B–Meet with consultant to discuss ERP 4 A C–Meet with Board of Directors to explain proposal 1 A D–Develop request for proposals to give to vendors 3 B,C E–Obtain vendor proposals 4 D F–Develop organization business cases including training 8 E G–Present business cases to Board of Directors 1 F H–Redo…
- V what is feasibility Report ?Define when and why we need it And also define who prepare this document.urgent 1. At the conclusion of Internal Projects, an agreement with the client should be reviewed to ensure that deliverables meet—and preferably exceed—expectations, which may generate additional business. True or FalseQuestion: A Hospital Management System Development Project has a budgeted cost of Rs. 11,900,000/-. The project is to be completed in 11 months. After 4 months, you have completed 24 percent of the project at a total expense of Rs. 1,475,000/-. You, as a Project Manager, needs to submit the monthly performance report to the Steering Committee. Based on EVM methodology, please identify the current progress of the Project. Find Budget at Completion (BAC), Actual Cost(AC), Planned Value (PV) and Earned Value (EV). Calculate the Project Health by finding values of Schedule Variance (SV), Schedule Performance Index (SPI), Cost Variance (CV) and Cost Performance Index (CPI). What these value shows? If the project continues at the current pace, what will be the true cost of the Project or Estimate at completion of the project. What actions, You would suggest or take as a Project Manager, to keep the budget and time under control.
- Task: Writing of MEMO Scenario: The CEO of company ABC is planning to restructure the whole organization over the next few months (to be implemented effective 20 July 2022), due to a continuous drop in profitability. ABC is a technology company and manufacture and sell all kinds of electronic equipment.The CEO did some research and the data revealed that the competitors are growing their profits by 10% on a monthly basis - Company ABC are experiencing a drop in profits of 5% on a organization over the next few months (to be implemented effective 20 July 2022), due to a continuous drop in profitability. ABC is a technology company and manufacture and sell all kinds of electronic equipment.The CEO did some research and the data revealed that the competitors are growing their profits by 10% on a monthly basis - Company ABC are experiencing a drop in profits of 5% on a monthly basis. Company ABC wanted to launch 3 new products for Ramadan but now the company cannot afford this expense and…Can you explain this? Project management plan updates • Schedule management plan • Cost baseline Project documents updates • Activity attributes • Assumption log • Duration estimates • Lessons learned register • Resource requirements • Risk registerWBS for construction project?
- CASE - CAPACITY BUILDING PROJECT AIMS TO INCREASE YOUTH INVOLVEMENT IN SUSTAINABLE DEVELOPMENT Basseterre, St. Kitts, April 29, 2021 (SKNIS): St. Kitts and Nevis Youth Ambassador Corps officially launched a new project on Wednesday (April 28, 2021) designed to increase the contributions of young people to the sustainable development of the twin-island Federation. The initiative, dubbed the Youth Capacity Building Small Grants Project on Youth in Sustainable Development, will build the capacity and practical skills of young people to design, implement, and monitor interventions relevant to the social, economic, and sustainable development of youth and their communities. The project is geared towards members of youth groups specifically. It is spearheaded by the national youth ambassador corps in collaboration with the GEF Small Grants Programme (SGP), and the Departments of Youth in St. Kitts, and Nevis. The Small Grants Project is funding the initiative to the tune of US$49,970.00. SGP…CASE - CAPACITY BUILDING PROJECT AIMS TO INCREASE YOUTH INVOLVEMENT IN SUSTAINABLE DEVELOPMENT Basseterre, St. Kitts, April 29, 2021 (SKNIS): St. Kitts and Nevis Youth Ambassador Corps officially launched a new project on Wednesday (April 28, 2021) designed to increase the contributions of young people to the sustainable development of the twin-island Federation. The initiative, dubbed the Youth Capacity Building Small Grants Project on Youth in Sustainable Development, will build the capacity and practical skills of young people to design, implement, and monitor interventions relevant to the social, economic, and sustainable development of youth and their communities. The project is geared towards members of youth groups specifically. It is spearheaded by the national youth ambassador corps in collaboration with the GEF Small Grants Programme (SGP), and the Departments of Youth in St. Kitts, and Nevis. The Small Grants Project is funding the initiative to the tune of US$49,970.00. SGP…CASE - CAPACITY BUILDING PROJECT AIMS TO INCREASE YOUTH INVOLVEMENT IN SUSTAINABLE DEVELOPMENT Basseterre, St. Kitts, April 29, 2021 (SKNIS): St. Kitts and Nevis Youth Ambassador Corps officially launched a new project on Wednesday (April 28, 2021) designed to increase the contributions of young people to the sustainable development of the twin-island Federation. The initiative, dubbed the Youth Capacity Building Small Grants Project on Youth in Sustainable Development, will build the capacity and practical skills of young people to design, implement, and monitor interventions relevant to the social, economic, and sustainable development of youth and their communities. The project is geared towards members of youth groups specifically. It is spearheaded by the national youth ambassador corps in collaboration with the GEF Small Grants Programme (SGP), and the Departments of Youth in St. Kitts, and Nevis. The Small Grants Project is funding the initiative to the tune of US$49,970.00. SGP…