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 5.1A, Problem 4E
Midway through the project your design and production people realize that a 75 percent improvement curve is more appropriate. That impact does this have on the project?
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You are the project manager of the NHQ Project, which is part of the HQQ Program to construct a condominium building. Samuel, the program manager, has required that you document any variances to costs, schedule, scope, and quality expectations as part of the program governance. You believe that your project team now has an internal failure cost that needs to be documented for Samuel. Which of the following is an example of internal failure cost?
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In 2005, British Telecom (BT) took a big risk: the company dropped its use of the waterfall system development process and embraced agile development. Previously, BT had outsourced the gathering of system requirements to a third company, which would typically take three to nine months to meet with customers and stakeholders and create a requirements list. Next, the project would move back to BT where programmers often struggled to interpret the requirements and then develop and test the system within 18 months — although some projects needed more time. In late 2005, however, BT took only 90 days to roll out a new Web-based system for monitoring phone traffic. The new system allowed traffic managers to change switches and other physical devices more quickly in order to handle shifts in load along BT’s telecommunications network. The success of this initial project reverberated throughout the IT world, as BT became the first telecommunications giant to adopt agile development—sometimes…
It is possible to have a better understanding of the project by creating its map both with and without the project's key design. having regard for the impact that the completed product will have.
Chapter 5 Solutions
Project Management: The Managerial Process (Mcgraw-hill Series Operations and Decision Sciences)
Ch. 5.1A - How many labor hours should the eighth satellite...Ch. 5.1A - How many labor hours for the whole project of...Ch. 5.1A - What price would you ask for the project? Why?Ch. 5.1A - Midway through the project your design and...Ch. 5.1A - Near the end of the project, Deutsch Telefon AG...Ch. 5 - Why are accurate estimates critical to effective...Ch. 5 - Prob. 2RQCh. 5 - Prob. 3RQCh. 5 - What are the major types of costs? Which costs are...Ch. 5 - Why is it difficult to estimate mega project...
Ch. 5 - Define what a white elephant is in project...Ch. 5 - Calculate the direct cost of labor tor a project...Ch. 5 - Mrs. Tolstoy and her husband, Serge, are planning...Ch. 5 - Exercise Figure 5.1 is a project WBS with cost...Ch. 5 - Firewall Project XT. Using the complexity...Ch. 5 - At this point, what would you do if you were the...Ch. 5 - Prob. 5.1.2CCh. 5 - What estimating techniques should be used for a...Ch. 5 - Assume you are either Mike or Josh; how would you...Ch. 5 - Prob. 5.2.2CCh. 5 - After cost, what other factors should be...
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- What are two outcomes of the process of controlling quality that you could quickly outline to help improve the project's overall quality?arrow_forwardEvaluate the ways in which time and quality can affect the cost of a projectarrow_forwardYour team has just finished a project within scope, on budget and as scheduled. The final product was handed over to the customer however the customer has expressed dissatisfaction with the final product/output. What is the most likely cause of the customer's dissatisfaction? Select one: a.A failure of the project team to satisfactorily implement robust quality management processes throughout the project life cycle  b.It is a simple case where the customer is being unnecessarily difficult and inherently hard to satisfy, after all, the project was completed on time, within budget and scope.  c.A failure of the project team to satisfactorily balance the constraints of cost, time and schedule throughout the project life cycled. d. A failure of the project team to satisfactorily manage project stakeholders throughout the duration of the projectarrow_forward
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- Highway ProjectThe Department of Highways in South Carolina was exploring ways to reduce the road construction costs and developed new contracting processes to allow the road builders to bring new ideas for cutting costs. On one project, the contractor proposed cost-cutting ideas throughout the life of the project. At each phase, the client accepted many of the ideas and then revised the budget. The client promoted the revised cost target of the project as an example of the success of the new process. By the end of the project, the final cost was less than 1 percent over the newest target. Although the total cost of the project was almost 10 percent less than the original cost projections and contract obligations, the success of the project was connected to the new expectations that developed during the life of the project. Even though this project performance exceeded the original goal, the client was disappointed. Biotech ProjectA biotechnology company developed a new drug that…arrow_forwardPlease do not give solution in image format thanku You are the PM for a small company project. You notice that one of the tasks has been reported to have spent $2,206. The budget for this task is $2,000 and was just completed today but was supposed to be only 80% complete by today. What is the EAC? Group of answer choices -$206 $0 0.91 1.25 $400 $2206arrow_forwardAs a Project Leader, you have to organize the steps of the development of a new product: The first activity is to define detailed specifications before starting the prototype. In this phase, we will create a preliminary design, made by William and Louis, two engineers, in twenty-five days.Once the design is made, Louis and Peter (a new engineer) will determine the functional characteristics and specifications. They need for this task seven days. When the specifications are defined, we will create the prototype. The first operation to do is to construct the basic structure in 13 days, made by Peter and Susan, his assistant. At the same time, we have to design an electronic system, independent to the structure. For this task we will need John and he will spend 10 days. Once we finish both activities, we have to assembly the prototype. This task is for Peter and John and they will take two days. When the designs and prototype are made, we start the tests. The first test will be made by…arrow_forward
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