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- You are managing a project with a total budget of $450,000. According to theschedule, your team should have completed 45% of the work by now. But atthe latest status meeting, the team only reported that 40% of the work hasactually been completed. The team has spent $165,000 so far on the project.How would you BEST describe this project?A. The project is behind schedule and within its budgetB. The project is ahead of schedule and within its budgetC. The project is ahead of schedule and over its budgetD. The project is behind schedule and over its budget Which of the following is the correct order of the Monitoring & Controllingprocesses for Scope Management?A. First Scope Verification, then Scope ControlB. There is not enough information to decideC. First Scope Control, then Scope VerificationD. Both happen simultaneouslyAnswer it correctly please. I ll rate accordingly with multiple votes. My last attempt. Don't use chatgpt and explain well. If you had a limited budget and you wanted to allocate it among a variety of potential silvicultural projects to maximize the economic benefits, what criterion would you use to established priorities among projects?Project planning requires four main elements to be estimated i) mentione those elments ii) ndicate your answer with an example to explain how to estimate thise four mail elements
- With respect to project cost performance, if the Cost Variance (CV) is positive: CPI will be 1 CV will be 0 both above neither of the aboveSince the project that is referred to in Question 1 involve innovative technology andinherent uniqueness, managing uncertainty and risks on the project is of utmostimportance. How will you plan risk management and identify risks on the project?What possible risk response strategies can you use for negative risks.Assume all cash flows occur at the end of each period. a. What is the net present value (discounted at 8%) of this project? Consider all costs and expected revenues. (Enter your answer in thousands of dollars. Perform all calculations using Excel. Do not round any intermediate calculations. Round your answer to the nearest thousand.)
- Assume your boss requests you to inflate the benefit statistics for an IT proposal to boost a favorite project's priority. Is this ethical? Shareholders are affected by internal cost-benefit analyses. So, why?You’re managing a project with a schedule performance index (SPI) of 1.07and a cost performance index (CPI) of 0.94. How would you BEST describethis project?A. The project is ahead of schedule and within its budgetB. The project is behind schedule and within its budgetC. The project is ahead of its schedule and over its budgetD. The project is behind schedule and over its budget Which of the following is the BEST example of a reward system?A. Everyone will get a bonus of $500 if the project meets its quality goals, $500 if itmeets its budget goals, and $600 if it comes in on time.B. The team member who works the hardest will receive $1000C. The five team members who put in the most hours will get a trip to DisneylandD. The team will only get a bonus if the project comes in 50% under budget, scheduleand quality metric goals. Even though the team leads know this goal is unrealistic,they agree that it will motivate the team to work harder”Project managers always try their best to conform to all the elements and avoid uncertainty in project management with the hope to ensure success in their undertaking. However, nobody can predict the future and project managers are not spared by the fact that anytime, there will be challenges that may get in the way and cause some fear and uncertainties during the project development. We can never be certain of the future but project managers overcome these challenges by planning ahead of time. They can start the project early so that they can address any problem that gets in the way and resolve it the soonest time possible. As the saying goes, without a plan, you are planning to fail. However, not all plans work which is why they say, if plan A fails, be ready for plan B. At other times, proficient and experienced managers use decision milestones. With this strategy, they can anticipate possible risks and use risk management in preventing disasters from happening. However, even if…
- The outcomes may expand the project's scope or add new features. To help us understand the differences, please offer examples. How do you suppose these two issues started? What would happen if these two adverse outcomes occurred simultaneously, making this effort the worst-case scenario?Estimating project costs seems to be the main problem for Project 14321. You are to advise a reward mechanism for TSC management that will help with improving project cost estimationThank you for the insight. In such a question, does the fact that certain data in terms of amounts involved, require any calculations a regards fully appraising this PPP? considering this portion of the question with the referred data provide "The total project cost is US$ 649,976,167, broken down as follows: (a) US$ 577.38 million is the total cost of construction; (b) US$ 1,000,000 for working capital; (c) US$ 1,849,500 for finance costs; and (d) US$ 69.74 million) for interest during the construction period. Using the six factor characteristic model highlighted for a successful implementation of a PPP, appraise the Dual Carriage Way PPP." or we are safe to overlook this?