The reduction in project cost normally results; Select one: O a. Increases Cost of the Project O b. Quality reduction O c. Labor increase O d. Time reduction e. Increases the progress of the project 麻
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- What tool would be used to determine tasks or activities that are out of scope? A. Cost Curves B. SIPOC C. Balanced Scorecard D. AndonIf project participant 'ST' had completed all of the Scoping work themselves and had also delivered a quarter the of 'System Review' work that is already complete, approximately how many hours would they have left to deliver on the project? Options are 1. 73 hours 2. 81 hours 3. 88 hours 4. 91 hours 5. 97 hoursConstraints are those factors that can limit a project. Which of the following are considered constraints (choose all that apply)? a. Quality b. Strategic Plan c. Risks d. Requirements e. People and Materials f. Project Management Information System
- IT PROJECT MANAGEMENT:EX 2.4 You have a project to be completed in 12 months, and the budget of the project is R100, 000. 6 months have passed, and R60, 000 has been spent., but on closer view you find that only 40% of work has been completed so far. Given in question : Actual cost (AC) =R60 000 Earned Value (EV) =40% of R100 000 =R40 000 Find the project's cost varience (CV) and determine if you are under budget or over budget.time 1 2 3 4 5 6 7 8 9 10 Returns on Project A 70.00% -24.00% 46.00% 46.00% 0.00% 9.00% -83.00% 68.00% -39.00% 112.00% Returns on Project B 63.00% -21.60% 41.40% 41.40% 0.00% 8.10% -74.70% 61.20% -35.10% 100.80% The risk of a portfolio composed of 50% in project A and 50% in project B is greater than the risk of either project A or Project B. True FalseGIVE ONE MONITORING PLANNING FOR PRODUCTION OF HUGE PROJECT (ETHYLENE PRODUCTION) WHAT SHOULD PROJECT MANAGER SHOULD DO TO MONITOR PLEASE EXPLAIN IN DETAILS
- Mueller & Associates is a urban planning firm that is designing a new public park in an Omaha suburb. Coordination of the architect and subcontractors will require a major effort to meet the 45-week completion date requested by the owner. The Mueller project manager prepared the following project network. Start A B F H 0 D E Finish Estimates of the optimistic, most probable, and pessimistic times (in weeks) for the activities are as follows. Activity Optimistic Most Probable A 4 8 Pessimistic 12 B 6 7 8 C 6 12 18 D 3 5 7 E 6 9 18 F 5 8 17 G 10 15 20 H 5 6 13b) Error encompasses all those occasions in which a planned sequence of activities fails toachieve its intended outcome. Human errors are frequently basic blunders that can havedisastrous consequences for those responsible. As a project manager, you are required toarrange error- proofing to reduce the impact of human error. explain it briefly and include exampleSelect the 12. Lead time for completion of a job is a function of capacity and A. priority decisions OB. supply decisions C. demand D. waste decisions Mark for review. Wim be highlighted on the review page
- Mr. A, an employee, timed in 4 minutes and 27 seconds late for work this morning. While he won't get fired for it, being late this once means that he will not receive the perfect attendance incentive which he needs to make ends meet, given his daughter's recent series of hospitalizations. He actually arrived in the office five minutes early but was unable to clock in immediately because his direct superior, Mr. B, asked him for an informal project progress report as soon as he walked in the door. As a Junior System Administrator, Mr. A has access and the capability to edit the company's attendance records. He figures that since he was unable to punch in only because of his boss, it wouldn't hurt to edit the timestamp on his attendance for today. Has Mr. A done anything wrong? Discuss your ANSWERWhat is the minimum cost of crashing the following project that Roger Solano manages at Slippery Rock University by 4 days? Normal Crash Activity Time (days) Time (days) A B C The total cost of crashing the project by 4 days is $. (Enter your response as a whole number.) E 5 8 6 5 By how many days should each activity be crashed to reduce the project completion time by 4 days? Fill in the table below. (Enter your responses as whole numbers.) 4 6 5 3 Activity A B C D E Normal Cost $800 $200 $600 $750 $1,200 Total Cost with Crashing Immediate Predecessor(s) $1,100 $400 $650 $1,500 $1,650 Each Activity Should be Reduced BY (days) ACWhat are the three elements of a standard work sheet?a. They are the processing time for an activity, the work sequence of all steps making upthe activity, and the standard amount of inventory at the resource.b. They are the processing time for an activity, the most common cause of failure, andthe standard amount of inventory at the resource.c. They are the defect rate for an activity, the work sequence of all steps making up theactivity, and the standard amount of inventory at the resource.d. They are the processing time for an activity, the most common cause of failure, andthe defect rate for an activity.