Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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For each project phase identified ( initiating,planning,executing and closure), describe at least one (1) major deliverable (output) of the phase.
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- Managing and controlling scope changes affects project deliveries. Discuss change management and ways to reduce project scope changes.arrow_forwardWith the use of a diagram, show the typical levels of uncertainty or project risks associated with the Initiation,Planning,Execution,Monitoring and Controlling and closing phase and throughout a project.arrow_forwardPT ABC is responsible for planning and organizing sales management training program for the year of 2009. The planning for the event can be described with the table below Event Predecessor Event a (Optimistic) m (normal) b (pessimistic) A - 1.5 2.0 2.5 B A 2.0 2.5 6.0 C - 1.0 2.0 3.0 D C 1.5 2.0 2.5 E B;D 0.5 1.0 1.5 F E 1.0 2.0 3.0 G B;D 3.0 3.5 7.0 H G 3.0 4.0 5.0 I F;H 1.5 2.0 2.5 Questions : A) Specify the PERT Network for this project B) Specify the critical event and critical timearrow_forward
- Give an example of a project objective.arrow_forwardDescribe the different factors to consider when selecting a method of funding a project.arrow_forwardAs the project manager you have been asked by AstraZeneca to assess the viability of two (2) subprojects based on their net present value (NPV). Based on the information below which project would be selected and why? Projects 1 has an initial investment of $50,000 and a net cash inflow of $27,000 for a period of 2 years. Project 2 has an initial investment of $150,000 and a net cash inflow of $59,000 in year 1 and $120,000 in year 2. The discount rate to be used is 5%arrow_forward
- Identify three analytical methods and describe how they are utilized in the current project's monitoring and control.arrow_forwardProvide two specific instances when the project's non-functional needs were not met.arrow_forwardThere are several possible meanings for the phrase "incremental programme development." Furthermore, please elaborate on the merits of this proposal.arrow_forward
- World Vision International-Ghana has secured a 50 million Ghana Cedis from the Mastercard Foundation for a 3-year youth employment project. The project seeks to develop the capacity of Ghanaian Youth aged (15-24) years in entrepreneurial skills to enable them access capital and set up their own businesses. The youth entrepreneurial development and employment initiative covers various sectors like construction, agriculture, agro-processing, manufacturing, services among others. The first phase of the project which is the pilot is expected to cover some selected Ghanaian youth in Accra, Kumasi, Koforidua, Ho, Takoradi, Sunyani, and Tamale. Prior to approval of the project, Care International Ghana Project Management Unit devoted sometime to conduct a literature review in order to understand the current economic wellbeing of Ghanaian youth in terms employment and income levels among others. These were followed by needs assessment studies on current employment need of the Ghanaian youth.…arrow_forwardPlease create SWOT Analysis Note: details in the photo attachedarrow_forwardScenario Capstone project Goal Statement: Our goal is to improve the overall mental health status of veterans of the Canadian Armed Forces and RCMP by up to 80% for those struggling with mental health challenges by facilitating real-time accessibility to a peer support platform utilizing a mobile app to fill the gap that currently exists when veterans are awaiting appointments for psychological supports that are currently funded by Veterans Affairs of Canada. We aim to reduce the strain on the general health system due to the repeated appointments with a veteran's primary care practitioner to inquire about further mental health resources and to improve a veterans quality of life while they are adjusting to civilian life in between their federally funded psychological supports. Please answer in detail 1 communication strategy for the above project 2. Pilot or stakeholder feedback outcomes 3. Recommendation for next stepsarrow_forward
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