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Why is it critical to the success of the project to understand the critical path? Can there be more than one critical path in a given project schedule?
What are some of the ways that a project manager can use budgeting plans to track and compare actual data on project progress?
What are contingency costs? How can you incorporate them into your project planning? Should you, as the project manager, calculate every contingency cost.
Question: Why is it important for management to understand the forecasted cost at completion (FCAC)?
What does the term "maturity" mean in project management? What is the purpose of standardization and how does it play a role in protecting project stakeholders?
Identify the problems identified in the case. Evaluate the options of possible solutions presented by the authors.
Question: Select a project that needs capital investment, such as community-based prenatal-care for substance-abusing mothers.
What do you feel are the most important qualities for a leader to possess to be effective?
You have been asked to be the project manager for the development of an information technology (IT) project.
How important is it for a project manager to have expert judgment in the subject matter of the project?
- benefits of project planning - project management within various types of organizational systems - how your approach to project management will affect success
In a short response, describe the advantages and disadvantages for each of the five techniques. Include example of when it is appropriate to use each technique.
Consider a situation in which the project manager (a generalist) is asked to provide an evaluation of a functional employee (a specialist).
Is it possible to know the total time required for completing a project without using the critical path method? Explain why or why not?
Two contractors decide to enter into a joint venture on a project. What difficulties can occur if the contractors have decided on work assignments.
Select 2 of the highest risks. Explain why these are considered high risk, and explain their potential effect on the project.
What constitutes a "project"? Based on the weekly reading or PMI PMBOK, what is the definition of a project?
Question: How important is it maintain a schedule of completion when working on an assignment of this length?
What is the relevant cost of the 220 kilograms of the raw material when deciding weather to proceed with the special project.
It cost a contractor $12,750 to manufacture their first unit. The company expects to experience a 94% unit learning curve. Estimate the cost of the 10th unit.
When performing a Cost Benefits Analysis (CBA) CBA, how do you validate assumptions and apply reasonable costs?
To ensure that project is aligned with business goals. Based on experience at other companies, describe a situation in which a project was not clearly aligned.
What is the most important thing that management can do to increase the likelihood of IT project success?
- Apply human resource knowledge area to project initiating and planning processes - Ensure that project goals support corporate strategies