Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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- In a traditional project, the project manager saves the project schedule as a baseline plan in project management software. During the course of the project, the variance reports are created to show the difference between planned and actual activities. Project monitoring and control is different in agile projects than traditional projects. In an agile project, different tools and techniques are used to monitor and control project schedules. How does it help a project manager to monitor cost and schedule in a traditional project? There are different techniques for monitoring schedule performance in a traditional project. One method is a schedule variance report. How is a schedule variance report different from schedule variance in earned value? Does the role of the project manager change when monitoring and controlling agile projects?arrow_forwardTotal Cost of Ownership (TCO) is the cost of ONLY the project implementation a. True b. Falsearrow_forwardB and C are incorrect.arrow_forward
- Which of the following is NOT found in a project charter?A. Procedures to managing changes to contractsB. The business case for the projectC. Constraints and limitations on the project workD. Assumptions that have been made about the project Which of the following best describes the triple constraint?A. Cost, schedule, and qualityB. Cost, schedule and scopeC. Cost, resources, and scheduleD. Cost, schedule, and product What is a risk owner?A. The person who is responsible for the response plan for the risk.B. The person who monitors the watch list that contains the risk.C. The person who meets with stakeholders to explain the risk.D. The person who makes a risk happen.arrow_forwardWhich of the following are major characteristics of projects? Choose all that apply. Has a defined life span with a beginning and an end Requires all project activities to be completed by the same team Has specific performance, time, and cost requirements Has an established objectivearrow_forwardHello I am having trouble with these two study questions for my software class. Please let me know if you can help me out. Thanks. Programmer's are overly optimistic when they estimate how long activities will take. True False Recording lessons learned from past projects is not a good source of information for estimating current projects because all projects are different. True Falsearrow_forward
- One of Mary's employees, Shira, has obtained a new job and given her two weeks' notice. Shira was responsible for updating the company website with information on the new bag policy. Mary gave Shira's responsibilities to another employee in the Marketing department who has similar knowledge and skills.What is the probability of this risk occurring and what is the impact on the project? a.) Low probability and medium impact b.) High probability and high impact c.) Medium probability and low impact d.) High probability and low impactarrow_forward0.arrow_forwardWe reduce Activity B to 4 weeks on each of the six houses.What affect will that have on the project completion time? Show work on the template provided. The x axis is the number of houses The y axis is time (number of weeks)arrow_forward
- After compiling all the snowcards of the requirements for a project you have realized that there are two snowcards that conflict. Moreover, each of the snowcards has a different originator. As the chief requirements engineer describe the step(s) that you would take to resolve this matter.arrow_forwardThe following criteria is NOT being considered for crashing an activity or the entire project.a) The amount by which an activity is crashed is, in fact, permissible.b) Taken together, the shortened activity durations will enable us tofinish the project by the due date.c) Urgent activities take priority considerations for crashing.d) The total cost of crashing is as small as possible.arrow_forwardWhich term describes a product produced as part of a project? Work package Deliverable Scope Varianarrow_forward
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