Project managers frequently face competing constraints. Identify these common constraints and describe approaches that project managers can use to make the trade- offs required to succeed.
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- Question 1 Problem Statement: Stakeholder and Project Quality Management “Hercules Creative Solutions” has successfully bagged two research and development related projects from ministry of science and technology. You are working on one of a project as senior project manager which is related to develop a gadget for the help of physically disabled persons in their day to day commuting. The main challenge for you and your team is that neither you nor any of your team members have ever done this type of project. USAID and one of a leading bank are the sponsors of this project. The designing of the product has been outsourced to one of a very famous engineering firms of the country. For the procurement purpose, two potential vendors are on board. The company you are working for is a multinational company and has very strict procurement procedure and procurement audit is mandatory at the end of the project. Stringent quality standards have to be followed which includes but not limited to…Subject project management Q.List 5 major factors that enable a Project to be a success and briefly explain why they are important.project operation management please answer
- Q3. What is Project Scope Management? Discuss Project Scope and Product Scope. Why do you think preparing project scope management plan is important to be made?QUESTION 8 Consider the activities, durations, and predecessor relationships in the following network, shown in Table 6 below. Draw the network and answer the questions that follow. Table 5 Pessimistic Activity Description Most Likely (Weeks) Immediate Optimistic Predecessor(s) (Weeks) (Weeks) A 4 10 --- A 2 8 20 A 12 16 D 1 2 E D, C 22 F 3 4 G F 2 2 F 6 8 10 E, G, H 4 8 12 J 2 3 a) What is the expected time for activity B? b) What is the variance for activity B? c) Based on the calculation of estimated times, what is the critical path? d) What is the estimated time of the critical path? e) What is the activity variance along the critical path? f) What is the probability of completion of the project before week 42?Scenario 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 steps
- Question 3 a. One of the key phases of a project cycle is that of identification. Explain three ways through which a project could be identified b. Mention three key problems or challenges associated with Social Cost Benefit Analysis c. Identify and explain three challenges or difficulties associated with the application of Potential Pareto Optimality.Question 1: Salalalh Methanol company management is considering three competing investment Projects A, B & C Year Initial Investment 1 2 3 4 Assume a discount Rate of 5.45 % Project A Project B 12000 4150 Project C 12000 5225 12000 1200 3100 3800 4600 5260 7360 9460 8250 9275 9300 Use the information above and help the management in choosing the most desirable Project using Payback period, Discounted payback Net Present value and Profitability Index. Out of the four methods which is considered to be the most desirable. ExplainQuestion 6 Describe and explain the FIVE (5) stages of project life cycle.
- What is scrum project management approachQuestion 8 In which of the following project delivery methods does someone with construction expertise serve as the Owner representative? Public-Private Partnerships (P3) O Construction Manager @Risk Construction Management Agency O Design-BuildArticle: INTEROFFICE MEMORANDUM TO: ERNESTINE BORGNINE FROM: JANE CLIVE SUBJECT: CKM POSITION DATE: 01MARCH 2023 I am pleased to inform you that the board has approved the hiring of a Chief KnowledgeOfficer (CKO) to take the lead in developing the infrastructure, resources, process, and culture for the upcoming Knowledge Management Department. The CKO will be the primary resource for ensuring that the goals of the KM department alignwith the organizational strategies and objectives of GDD. This includes capturing tacit knowledge of our employees through various methods and documenting the necessary knowledge to ensure that it can be disseminated and used foryears to come by existing and future employees. The role of the CKO is to help to ensurethat GDD transforms into a contemporary business environment that promotes knowledge sharing to continue to be sustainable and profitable. The CKO will achieve this by prioritizing KM initiatives, implementing KM processes and procedures, and…