You are delivering an introduction to a project management training session to new teammembers. One team member appears confused about the exact definition of a project. What isthe BEST definition of a project?O a. The ongoing management of a business enterprise to achieve profitability.O b. A body of work constrained by finances and time.O c. An organized effort of work by a team managed by a project manager.O d. A temporary endeavor undertaken to create a unique product or service.

A project is a temporary endeavor undertaken to create a unique product or service. It's a body of…

Answered: You are delivering an introduction to a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Which one of the following is not a project management technique? A. Project definition B. Scope of work C. Task analysis D. Stakeholder management
You are managing a project with a total budget of $450,000. According to theschedule, your team should have completed 45% of the work by now. But atthe latest status meeting, the team only reported that 40% of the work hasactually been completed. The team has spent $165,000 so far on the project.How would you BEST describe this project?A. The project is behind schedule and within its budgetB. The project is ahead of schedule and within its budgetC. The project is ahead of schedule and over its budgetD. The project is behind schedule and over its budget Which of the following is the correct order of the Monitoring & Controllingprocesses for Scope Management?A. First Scope Verification, then Scope ControlB. There is not enough information to decideC. First Scope Control, then Scope VerificationD. Both happen simultaneously
You work in the human resources department of a company that has just undergone a new organizational working team concept (working in virtual teams). You have been chosen as the team leader for a five-member team to design policies and procedures for the newly designed virtual teams concept and present your recommendations to the leadership team. Your immediate task is to organize and assign each team member with their specific assignments to complete the project. Describe how you would go about creating an implementation plan, including which team member is assigned to which tasks. Address the following in your plan: Identify at least 3 potential team conflict challenges and how you as the team leader plan to address each challenge.
You work in the human resources department of a company that has just undergone a new organizational working team concept (working in virtual teams). You have been chosen as the team leader for a five-member team to design policies and procedures for the newly designed virtual teams concept and present your recommendations to the leadership team. Your immediate task is to organize and assign each team member with their specific assignments to complete the project. Describe how you would go about creating an implementation plan, including which team member is assigned to which tasks. Address the following in your plan: Explain your role as the leader and the importance of collaboration and communication. Define both collaboration and communication. Provide 1–2 examples of collaboration and communication from a team perspective.
You work in the human resources department of a company that has just undergone a new organizational working team concept (working in virtual teams). You have been chosen as the team leader for a five-member team to design policies and procedures for the newly designed virtual teams concept and present your recommendations to the leadership team. Your immediate task is to organize and assign each team member with their specific assignments to complete the project. Describe how you would go about creating an implementation plan, including which team member is assigned to which tasks. Address the following in your plan: Describe at least 3 ideas for how you will assign tasks to each team member.
Which of the following is an individual who acts as a liaison between the org. & project team. He/she also makes sure that projects are provided with the necessary resources and support from the said org. A. Project sponsor B. Project champion C. Project manager
This exercise tests your ability to come up with a detailed and elaborate Business Case for a project. One of the main responsibilities of an IT Project Manager is writing and defending Project Proposals, that is, justifying the need for the project. You need to explain the organization’s need(s), the current situation, and why your proposed solution will workAssume that you wish to import a 14-seater Public Service Vehicle (PSV) to ply route 14 (Town-Nairobi West-Madaraka) of Nairobi City. You need to compute the Total Cost of Ownership (TCO), that is, the cost of purchasing and maintaining the vehicle including the regulatory requirements. You are expected to take a loan at the prevailing rates and spread it as you wish (based on your assumptions-show the calculations). You then calculate projected income expected from the “Project” (again based on some assumptions which you need to state) and give a realistic position about the viability of getting into this “project”. You earn…
To ensure that all stakeholders are able to access and report project information you need to establish the knowledge management system. Research and provide an email to all members of the project team a detailed outline of the system you have implemented. NOTE: This can be a simple system where files and folders are located or.a more complex system you have researched but as a minimum you need to include: a. The purpose of the knowledge management system, b. How team progress, insights and experiences will be captured, c. How the IT consultant will assist with this process, d. Provide the process for the team to: i. Access the system, ii. Store and retrieve information.
Which of the following outcomes is not a reason for project success? a) To be completed on time b) To be within the budget c) To be below the desired performance level d) To use resources efficiently and effectively Which of the following features does not have a significant contribution to the formation of an effective project team? a) Ideal and complementary skill set b) Clear and shared goal c) Clear definition of responsibility d) Top management support e) Friendly relations Which of the following is not one of the basic rules to be followed when developing project networks? a) Flow is from left to right. b) There is a starting node and an ending node for each network. c) Each activity should have a unique label. d) The label of each activity should be larger than the previous activities. e) For an activity to start, all subsequent activities must be completed.
find information on major technology project. Then, assign yourself as a project manager for the project and start managing it by: o Identifying the stakeholders for the project. o Identify the business, organization and technology aspects related to the project. o Define the personality of the organization undertaking the project by applying the four frames of organizations. o Choose the organizational structure that in your opinion will suit the project and can you provide a justification of why you select this type of structure. o Which project lifecycle model is most suited for the project. Provide a justification for the answer
Many organizations establish project management office (PMO) as an integral part of their organizational strategy in order to standardize governance structures for project management. You have been assigned the task of making a presentation to the senior management committee, to make the case for creating a PMO in your organization, given the number of projects that have been started in the last twelve months. Discuss why your organization should create a project management office. Part of your discussion should include forms of PMO, the expected tasks, and implementation strategy for the PMO once it is approved by the senior management committee.
CAPSTONE Management has asked you to determine whether a project concept is valid and can be completed using a reasonable amount of time and finances. Explaining and concluding on Project management processes, convince the Management team that your project is valid.

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