1. There are many criteria to measure project success: the objectives of the triple constraint (scope, cost, & schedule), project efficiency, impact on customer, impact on the organization, etc. Which of these project success criteria do you think is the most important, and why?
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- 1. There are many criteria to measure project success: the objectives of the triple constraint (scope, cost, & schedule), project efficiency, impact on customer, impact on the organization, etc. Which of these project success criteria do you think is the most important, and why? f thIn which phase of the project life cycle should the project success criteria be determined? a. Project goal definition b. Project planning c. Project execution d. Project evaluation2. Evaluate project alternatives by applying engineering economic principles and methods and select the one that is economically efficient 3. Deal with risk and uncertainty in project outcomes by applying the basic economic decision-making concepts. In our Course Outcome 2 and 3, explain why do we have to evaluate project alternatives when it comes to selecting the best project or decision? How can we apply engineering economic principles in dealing with risk and uncertainty in our real life and in our future careers . Site one situation.
- 2. Assume the founders weigh a project ’ s NPV twice as much as both obtaining/retaining a leadership position and making use of the Internet. Use the weighted factor scoring method to rank these projects. Which projects would you recommend Handstar pursue?Prepare 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 requirementScenarioImagine that you are a project manager responsible for a medical health services project which will benefit low-income earners, the unemployed, and the homeless. The project is quite large and consists of the sourcing and acquisition of medical professionals, medical supplies, and medical establishments to provide the services stipulated by the project charter. The sponsor of the project is the Ministry of Health of the local government of the country that you live in. Where should you begin? How do you decide which medical professionals to choose? What medical supplies are needed and where will you conduct your medical service checks? Take a look at the medical services project. What selection criteria based on the list of various criteria would you consider to be important for a project of this magnitude?
- Explain the concept of project feasibility analysis. What are the key factors that determine whether a project is feasible or not?1. What are the steps involved in a project feasibility study? Discuss each. 2. Why does project feasibility include a project cost estimate?What are the interplay between the project components (Cost, time, scope, and quality) and the significance to project performance and sustainability
- answer only question 3 and 4 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) project activities/processes performed in the phase. 3) With the use of a diagram, show (illustrate) the typical levels of uncertainty or project risks associated with each phase and throughout a project. 4) With the use of a diagram, show (illustrate) the typical levels of project staffing related 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.III. Risks and Feasibility This section of your report identifies risks and confirms the feasibility of the information systems development project. Project feasibility analysis verifies whether a project may be started and successfully completed. Your report should address the feasibility issues listed below. Start by clearly describing what issues are addressed by each feasibility category (see the relevant definitions in the textbook), and discuss the feasibility of the project with respect to each category. Determine organizational and cultural feasibility. This evaluates organizational and cultural issues to identify potential risks for the new system. See pp. 269–270 of the textbook for examples of potential issues.Note: the textbook does not provide an exhaustive list of possibilities!Note: ‘organization’ in this context refers to the Car Sharing community—all stakeholders, but particularly members and prospective members. Assess technological feasibility. See p. 270 of the…Although project costs are generally estimated on the initial assumption that there will be no modifications in design that would necessitate changes in the physical work or relative changes in domestic or international prices, sound project planning requires that provisions called contingency allowances be made in advance for possible adverse changes in physical conditions or prices that would add to the baseline costs. Discus the two categories of contingency allowances provided for in project planning.