Project Management: The Managerial Process (Mcgraw-hill Series Operations and Decision Sciences)
7th Edition
ISBN: 9781259666094
Author: Erik W. Larson, Clifford F. Gray
Publisher: McGraw-Hill Education
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Chapter 4, Problem 4.1.4C
Summary Introduction
To determine:
Usefulness of WBS in estimating cost by Ms. N and its team.
Introduction:
A Work Breakdown Structure (WBS) is a part of project management in which a single project is divided and sub-divided into various levels. This is done to ensure the completion of work with utmost efficiency. It helps in monitoring and controlling the work at each level by the project managers. Any changes at any level can be rectified easily and spontaneously.
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Risk management involves identification, assessment, control, and response to project risks to minimize the likelihood of occurrence and/or potential impact of adverse events on the accomplishment of the project objective. Risk identification includes determining which risks may adversely affect the project objective and estimating what the potential impacts of each risk might be if they occur.
Describe the steps involved to manage risk on a project. How can a risk assessment matrix help in this process?
What risks for a project have the highest priority? Does the priority for a risk change as the project progress?
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develop a merchandise management plan for a retail establishment that you create and design. A different part of the plan will be completed each week. The plan will be detailed and comprehensive, and each element will often require more than one week's work. Therefore, the course project section will often be broken up into two parts, one which will ask you to preview and begin work that will be completed in future weeks, and the second part which will be the assignment that will actually be submitted that week.
Chapter 4 Solutions
Project Management: The Managerial Process (Mcgraw-hill Series Operations and Decision Sciences)
Ch. 4 - What are the six elements of a typical scope...Ch. 4 - What questions does a project objective answer?...Ch. 4 - What does it mean if the priorities of a project...Ch. 4 - What kinds of information are included in a work...Ch. 4 - When would it be appropriate to create a...Ch. 4 - How does a communication plan benefit management...Ch. 4 - You are in charge of organizing a dinner-dance...Ch. 4 - In small groups, identify real life examples of a...Ch. 4 - Develop a WBS for a project in which you are going...Ch. 4 - Prob. 4E
Ch. 4 - Develop a WBS for a local stage play. Be sure to...Ch. 4 - Use an example of a project you are familiar with...Ch. 4 - Prob. 7ECh. 4 - Your roommate is about to submit a scope statement...Ch. 4 - Make a list of the major deliverables for the...Ch. 4 - How would developing a WBS alleviate some of the...Ch. 4 - Where can Nicolette find additional information to...Ch. 4 - Prob. 4.1.4CCh. 4 - What factors and forces contributed to scope creep...Ch. 4 - Is this an example of good or bad scope creep?...Ch. 4 - How could scope creep have been better managed by...
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