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Cost in Project Management
Why is it important for management to understand the forecasted cost at completion (FCAC)? What if the FCAC is less than the original expected budget? Will they still want to know the details?
Are project audits conducted in your organization? Why or why not?
What was the impact of those success areas on the overall determination of project success?
What are the possible implications of this change request and what is one of the basic tools for managing changes?
Which of the following alternatives gives the probability that the project will be completed by the desired completion date?
What can you as a PM do to avoid group think on your team? The answer needs to be at least a 100 word Min. In your own words, no copy and paste.
In what situations should the PERT estimation technique be used?
When would a project manager not allow changes to a baseline?
Prepare a production budget for the second quarter of the year.
Develop a list of "Key Success Indicators" that could and should have been measured on completion. Rank them in order of priority for this project.
Speculate on at least two time management strategies you can implement to maximize the amount of time you have at your disposal everyday. Describe how these strategies might be implemented.
Why is quantitative risk so important in risk mitigation? Explain how you have seen this in live action or in your organization.
Essay Question: You have been assigned to a new innovative project in your organization. The scope has been completed. You next need to create a WBS and a WBS dictionary. What information should be contained in a WBS dictionary?
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