Which of the following are contractual terms (Select all that apply)
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Which of the following are contractual terms (Select all that apply)
NDA
MOU
LOI
MAO
CCB
Communication can include which of the following
Kick-off meetings
Listening
Outward
All of the above
Risk activities should be assigned
To a team
After a trigger occurs
Without being added to the Risk Register
To a single person
In priority order
What does CV stand for and what does it mean? (Select all that apply)
Cost Variance, calculated EV – AC
Continuous variability, measure of
Cost Variance, <1 is over
Cost Variance, >1 is over budget
Cost Variance, calculated AC – EV
Step by step
Solved in 3 steps
- Many executives are reluctant to let project managers have complete control of project costs because then the project managers must know the exact salaries of almost all project personnel. Can this situation be prevented if the contract requires reporting costs as actuals?In the project managementaspect, legal contract always helps companyto defend themselves for any treat that they may face during any activity in the project. Discuss any example and scenario in company which relate to the legal contract strategy which may be applied to reduce the risk. You may discuss the risk and how this legal contract can protect the company. The discussion can be extended to the principle of the legal contact. You need to discuss this point at least by 200 words. Give appropriate reference and citation for your answer.Please do not give solution in image format thanku There are different types of fixed-price contracts and cost-reimbursable contracts that can be used when using an external party to help with a project.Another option is to use something called a time-and-material contract. There are benefits to using each type, depending upon the situation.Choose one type of fixed-price contract and one type of cost-reimbursable contract. Briefly describe them.Give a project example where each one would be best to use
- Bobby is an employee of a publicly traded corporation, and holds stock and stock options. As a member of the product development team, he has been working on the design of a new product at the company. For its part, the company has been pinning most of its future economic hopes on thesuccess of the release of the product. However, the development of the product has not gone public yet. The company is keeping the entire project a complete secret until it releases it publicly. The company has been so secretive about the new product that no one but Bobby knows the releasedate yet. When Bobby realizes this, he decides to use this information to profit heavily by purchasing as much stock as he can afford in the company right before the product goes public. Then, when the stock prices rise after the successful release of the product, he plans to sell it all. What kinds of information are considered "material information" when discussing insider trading? Would the information Bobby used to…The Acme Electric Company worked day and night to develop a new current regulator designed to cut the electric power consumption in aluminum plants by 35%. They knew that, although the competition was fierce, their regulator could be produced more cheaply, was more reliable, and worked more efficiently than the competitors’ products. The owner, eager to capture the market, personally but somewhat hastily put together a 120-page proposal to the three major aluminum manufacturers, recommending that their regulators be installed at all company plants. She devoted the first 87 pages of the proposal to the mathematical theory and engineering design behind his new regulator, and the next 32 to descriptions of the new assembly line she planned to set up to produce regulators quickly. Buried in an appendix were the test results that compared her regulator’s performance with present models, and a poorly drawn graph showed how much the dollar savings would be. Acme Electric didn’t get the…hello can you please help me on this assignment. Instructions One area of entrepreneurism and small business development that oftentimes is overlooked is the legal contracts and protection. The following are a few of the documents to contemplate… Non-Compete, Non-Solicitation, Non-Circumvention Agreement Non-Disclosure Agreement (NDA) Job Offer Contract Letter of intent or Initial Proposal Memorandum of Understanding (MOU) and Statement of Work (SOW) or Service Agreement Lease, Loan, and Stockholder W2 Vs 1099 Employee Status Beyond the decisions above you also need to decide upon business formation. As a small business owner, it is best to move away from a sole proprietorship or unincorporated partnership. Formation options to be considered would include: Limited Liability Corporation – LLC Shareholders Corporation – S-Corp Subchapter C – C-Corp Benefit Corporation – B-Corp Non-Profit Organization – NGO Once formation is decided upon each carries a host of documents to…
- You are working on a construction project. You, your team, and yoursenior manager all feel that the work is complete. However, one of yourstakeholders disagrees, and feels that one deliverable is not acceptable. Whatis the BEST way to handle this conflict?A. Renegotiate the contractB. File a lawsuit to force the stakeholder to accept the deliverableC. Follow the administrative and contract closure proceduresD. Consult the contract and follow its claims administration procedure One way contract closure differs from administrative closure is:A. “Administrative closure involves the stakeholders and the team; contract closureinvolves only the team but notthe stakeholders”B. Administrative closure defines actions the team must take; contract closure defineslegal commitmentsC. Administrative closure means verifying that the project is complete or terminated;contract closure means verifying that the contract terms were satisfiedD. Administrative closure is performed by the seller; contract…Please do not give solution in image format thanku This approach to project termination occurs when I project is completed, and it’s end products are integrated into ongoing operations of the organization. A. Addition B. Extinction. C. Integration. D. Starvation.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
- The Jones Manufacturing Company is competing for a production contract that requires that work begin in January 2018. The cost package for the proposal must be submitted by July 2017. The business base, and therefore the overhead rates, are uncertain because Jones has the possibility of winning another contract, to be announced in September 2017. How can the impact of the announcement be included in the proposal? How would you handle a situation where another contract may not be renewed after January 2018, i.e., assume that the announcement would not be made until March?Once a new consultant has agreed to join the project team, a contract for the procurement ofhis services would have to be drawn-up.Identify which type of contract you would favour, assumingthat you are looking to protect the project and the project team from as much risk aspossible.Closing Project : recommendation- Review all contracts with the project team and suppliers. Make sure that all parties have satisfied their contractual obligations—that the suppliers have delivered all of the products or services required of them and that the organization has made all pertinent payments. Release bonds if necessary, and make sure the supplier provides all supplementary deliverables, which may include, but may not be limited to product documentation, drawings, warranties, service contracts, lien waivers, and so forth. Question: Why is the above recommendation important when closing a project?
