Week 2: Planning the Project: Scope and Responsibilities - Quiz

Project A: This project is new to your company. You do not feel confident in estimating the project costs using internal resources. There are other companies that have done this type of work. Yet you still want the most accurate estimates possible.

a) In order to meet the increase in scope, the project manager will increase costs and/or schedule increase. The triple constraints should always be balanced.

"a. If each project's cost of capital is 12%, which project should be selected? If the cost of capital is 18%, what

3. Discuss how strategic change relates to the varied perspectives and whether they are predictive or explanatory.

Our Internet based company with the gross revenues of more than $35 million dollars per year. We are planning to merge with multinational company of equal size. Our company currently uses operational systems and relational databases but desire to expand into data warehousing. We will be integrating different technologies from different solution providers and incorporate industry best practices in connection with the development of technological system.

• Prepare a 700- to 1,050-word paper in which you explain team development techniques. In your paper, include the following items: o Identify how project team members are selected. o Identify team-building strategies. o

‘A project is a connected sequence of activities involving a range of resources, designed to achieve a particular outcome and frequently used as an instrument of change. It takes place within a defined period of time and is the responsibility of a single individual or agency’ (CMI p17)

a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?

The definition of a project is “a temporary endeavour undertaken to create a unique product or service. Temporary means every project has a definite beginning and an end. Unique means that the product or service is different in some distinguishing way from all other products or services”.(Project Management Institute., 2008)

| - Before the project begins a list is compiled of items needed, wanted, desired. As well as blue prints.

Recalling from the previous week, there was what may have been thought of as the daunting, yet interesting assignment given, the project. With that assignment, came the challenge of choosing a subject that could be narrowed down making it easier to work with, in conjunction with certain steps in the process that could be followed such as, eliminating procrastination and tools that could be utilized that would assist in the efforts of making the project successful. Over multiple days and possibly some restless nights of the rolodex of the mind flipping from one card to another, the project seemed to start to come together or in the very least grow from essentially approaching the starting line to actually being at the starting line. The

Project Scope Statement Version My signature indicates approval of this Project Scope Statement. Approved by: Agency CFO Approved by: Agency CIO Approved by: Project Sponsor Approved by: Project Manager Approved by: Executive Sponsor Table of Contents 1 Purpose/Justification 4 2 Objectives 4 3 Scope Description 4 4 Functional and Technical Requirements 5 4.1 Functional Requirements 5 4.2 Technical Requirements 5 5 Boundaries 5 6 Data Migration Strategy 6 7 Deliverables 6 8 Acceptance Criteria 6 9 Constraints 7 10 Assumptions 7 11 Alternatives analysis 7 11.1 Evaluation Criteria 7 11.2

Let be the number of grade 9 oranges O.J. uses for bags, be the number of grade 9 oranges O.J. uses for juice, be the number of grade 6 oranges O.J. uses for bags, and be the number of grade 6 oranges O.J. uses for juice. The objective is to maximize the profit. For juice, the profit will be ($1.50$1.05)*( + ), and for bags, the profit will be ($0.50-$0.20)*( + ). Thus, the total profit will be . The objective function is: Maximize The constraints are: Constraint 1: The total number of grade 9 oranges is 100,000 lb. That is, Constraint 2: The total number of grade 6 oranges is 120,000 lb. That is, Constraint 3: The average quality of juice is at least 8. That is, This gives us: Constraint 4: The average quality of juice is at least

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The scope statement prepared prior to the project, focuses on the goals, the deliverables, and requirements. The three elements jointly have a role in the scope statement which will document the work and the structure of the project. The goals should target to be realistic, cost and quality measures, and have a time element. Having goals in place will determine the “what” of the entire project. The deliverables can be tangible, intangible, measured, or easily verified. Furthermore, it may involve good and services that can be provided to complete the project. As for requirements, it focuses on the specification of the deliverables. They describe the characteristics of the deliverables and may include elements such as dimension, ease of use, color, ingredients, and so on. (Heldman, 96).