d) You are required to propose one tool for ranking projects for assessing the balance of projects, and to propose one tool for assessing the value of the portfolio.
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- Evaluate the below statement according to the project management terminologies and choose the correct answer: It is the process of making a forecast or precise approximation Choose... of time and cost associated with a work package or activity. Graphically describes a project consisting of well-defined Choose.. activities, the completion of which marks its end. One of the Perform Quantitative Risk Analysis process has a Choose.. Tools and Techniques. Useful for building accountability through assigning specific Choose.. tasks to team members. It is the standard format each path through the network must be continuous with no gaps, discontinuities, or dangling Choose... activities. Organizational Assets, Project Scope Statement, Cost Management Plan and Schedule Management Plan are inputs Choose.. of: Choose... Work Breakdown Structure Expert Judgment Bar chart Estimating A horizontal diagram format Plan Risk ManagementYou are managing a large construction project that’s been broken down intosub-projects (or phases). Each of these sub-projects is scheduled to takebetween three and six months to complete. At the end of each sub-project,you plan to go through the closing processes and document lessons learned.Which of the following BEST describes what you must do at the beginning ofeach sub-project or phase?A. Develop the preliminary scope statement for the phaseB. Make sure you don’t involve the team, to avoid introducing too much projectmanagement overheadC. Use the Earned Value Technique to decide whether or not to finish the projectD. Release all resources from the project and contact sellers to renegotiate allcontractsPrepare a project proposal for a promoting operations management major among newly enrolled students. The project should develop different means to attract new students to the major. What and how to promote and how to deliver is for the group to decide. Business Case 1.0. Introduction/ Background 2.0. Business Objective 3.0. Current Situation and Problem/Opportunity Statement 4.0. Critical Assumptions and Constraints 5.0. Analysis of Options and Recommendation 6.0. Preliminary Project Requirements 7.0. Budget Estimate and Financial Analysis 8.0. Schedule Estimate 9.0. Potential Risks Please answer all the requirement
- Do make sure you answer all the three as I am aware of your guidelines and also, all the questions lies under the same concept, thank you in advance. A. Identify the three major criteria (trade-offs) a project manager must consider in establishing priorities in project management. List the three criteria and explain one of them. B. identify two conditions to choose between the Top-down and Bottom-up approaches to estimate time and cost of projects. C. Identify two sources of risks, a good project manager should take into consideration in preparation for project management.(12) Cost budgeting can be best described by which of the following? A The process of developing the future trends along with the assessment of proba bilities, uncertainties, and inflation that could occur during the project B. The process of assembling and predicting costs of a project over its life cycle C. The process of establishing budgets, standards, and a monitoring system by whi ch the investment cost of the project can be measured and managed D. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis (13) The process of monitoring the status of the project to update the project costs and managing changes to the cost baseline is called A Determine Budget B. Control Costs C. Estimate Costs D. Plan Cost Manag ement (14) Cost Variance (CV) is which of the following equations? A CV = EV - PV B. CV = EV - AC C. CV = EV / AC D. A and c (15) To assist in budget control, it is suggested that an estimate be created at the level of the…Dave is the project manager for a construction project that is building agazebo. When the project first started, he met with the stakeholders to definethe scope. The sponsors mentioned that the gazebo is a really important partof their daughter’s wedding ceremony that was planned for 7 months fromthen. In fact, they said that if the gazebo couldn’t be completed in 7 months, itwouldn’t be worth it for them to even start the project. Dave wrote down the7-month deadline to put in his Project Scope Statement. In which section ofthe document did the deadline appear?”A. Project ConstraintsB. Project DeliverablesC. Project ObjectivesD. Project Assumptions Which of the following is a “hygiene factor” under Herzberg’s Motivation-Hygiene Theory?A. Recognition for excellent workB. Self-actualizationC. Clean clothingD. Good relations with coworkers and managers
- . Q3: Answer A or B A\ Answer the following 1- A represents Hierarchical Breakdown of a Project in to element. 2- Resources are different than Expenses 3- A hierarchical structure that identifies the company-wide projects and enables organizing and management of those projects by means or subdivision or level is: 4- How many types of reports we have in Primavera 5- The finish of the successor activity depends on the finish of the predecessor activity is referred as B\ Correct the answer 1- Ponds is the base currency by default in Primavera 2- WBS is a Set of codes to organize the project in the EPS in groups according to specific categories 3- Activity tab used to apply constraints, select an activity and select the 4- The E.P.S usually reflects the management structure of your Organization 5-A resource is the project personal job titles or skills, such as mechanical engineer, inspector or CarpenterThe following precedence diagram reflects three time estimates for each activity. Determine: Use Table B1 and Table B2. 9-10-12 3 8 5-7-10 8-10-14 11-12-13 6 11 14-18-26 10.5-13-15.5 10 8-8-8 1 5-6-7 2 4 13-13-13 7 7-10-12 a. The expected completion time for each path and its variance. (Round intermediate calculations to 4 decimal places and final answers to 2 decimal places.) Path Mean Var. Std. Dev. 1-2-3-8-11 37.33 1-2-4-6-11 43.00 5.11 1-2-4-7-11 0.81 1-2-5-9-10-11 46.83 1.25 9-9-9 10-11-12 10-12-14Project 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.
- 1. Relate the project management lifecycle to the application development of a house cleaning service. 2. Identify and develop a PowerPoint presentation on what happens at each phase of the project management lifecycle of application development of a house cleaning service. 3. Ensure you cover the ket aspects such as: i.Initiating process ii. Planing process iii. Executing process iv. Monitoring and controlling process v. Closing processThe four types of project closures are: Group of answer choices a. finite, infinite, continuous, discrete b. crashed, finished, successful, unsuccessful c. none of these d. normal, premature, perpetual, failedUsing the attached document and the information it provides on a book bag drive, complete the following components for the comprehensive project plan.1. Human Resource Plan: Describe the resource requirements for the project and the roles and skills required of each team member, including the roles and responsibility of the project manager. Include details of the methods to be used for obtaining the team necessary to complete the tasks listed in the project schedule.2. Cost and Budget Estimate: Develop an approximation of the monetary resources needed to complete the project activities. In addition, aggregate the estimated costs of individual activities to prepare the project budget.3. Procurement and Acquisition Plan: Describe theplan to purchase or acquire products, services, orresources needed from outside the project team.The document should also forecast the processes of administering and closing procurement for the project.Compile Project Part 2 and Project Part 3 into a single…