We classify projects as part of a project portfolio tracking. Suppose you have two projects, one of them is Large and another one is Medium. As a general rule, these two project-types follow different processes and have different approval levels. For example, a functional spec template for a Small project is not the same as for the Large project. There are total of six criteria to determine which project is Large. The following four criteria are very similar in both projectsLevel of experience of managrement teamEngineering team familiarity with technologyNumber of function points (lines of code, story points, requirements, test cases)Number of people involvedThese two criteria are not similarFirst project will last for five years and cost a million dollarsSecond project will cost ten million dollars and last three monthsFrom the following three statements, select those ones that are true, Second project bears a highest risk and more likely to fail First project has the lowest productivity First project has a highest defect density

Projects, diverse and dynamic, are shaped by an interplay of factors, each contributing to the tapestry of success and challenges.Projects, each a unique entity, are shaped by a myriad of factors, from size and duration to the inherent risks they carry.Second project bears the highest risk and is more likely to fail:True: The second project, despite being categorized as "Medium" in size, presents higher risk due to its short duration and high cost. Projects with compressed timelines often face increased risks, and the significant budget amplifies the consequences of any missteps.First project has the lowest productivity:False: Productivity is not solely determined by project duration and cost. The first project's longer duration and substantial budget may indicate a complex and extensive undertaking, potentially requiring more resources and effort.First project has the highest defect density:Not Enough Information: Defect density depends on various factors, including the quality of the development process and testing practices. Without specific details about the development and testing approaches, it's challenging to determine the defect density of each project.In summary, while the second project carries higher inherent risks due to its short duration and substantial cost, productivity and defect density assessments require a more comprehensive understanding of the specific methodologies and practices employed in each project. In project assessment, the intricacies of size, duration, and cost intertwine to mold the narrative of success and potential pitfalls. The revelation that the second project carries heightened risk, coupled with the recognition that productivity and defect density hinge on multifaceted factors, underscores the need for nuanced analysis. Concluding, it becomes evident that each project, regardless of size, is a unique entity shaped by its specific characteristics and the strategies employed in its execution. The quest for understanding continues, urging us to delve deeper into the nuanced dynamics of project management.

Answered: We classify projects as part of a…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

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We classify projects as part of a project portfolio tracking. Suppose you have two projects, one of them is Large and another one is Medium. As a general rule, these two project-types follow different processes and have different approval levels. For example, a functional spec template for a Small project is not the same as for the Large project. There are total of six criteria to determine which project is Large.

The following four criteria are very similar in both projects

Level of experience of managrement team
Engineering team familiarity with technology
Number of function points (lines of code, story points, requirements, test cases)
Number of people involved

These two criteria are not similar

First project will last for five years and cost a million dollars
Second project will cost ten million dollars and last three months

From the following three statements, select those ones that are true,

		Second project bears a highest risk and more likely to fail
		First project has the lowest productivity
		First project has a highest defect density

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