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Find the task Duration
Imagine that you are a project manager. How would you begin to estimate the time that a project would take to complete? Given a small or simple project, this task may not seem too daunting; however, for a large, complex project, such as the construction of a high-rise building, the task of estimating time for project completion is a difficult one.
Briefly describe the six methods for estimating task duration. Discuss how each method affects the accuracy of task duration estimates. Provide practical examples to help illustrate the differences between the methods. How do you determine which method should be applied to a particular facet of a project?
Explain culture in project management - Why is it important to assess an organization's culture before you begin a project
What is the function of a project budget? Explain the difference between a Cost Account Budget and a Time Phased Budget?
Describe a situation in which a project manager would choose PERT for her project.
What is a risk matrix and how can it help with the process of identifying and assessing project risks?
How did the cultural norms affect this project from a positive or negative perspective?
Establish structure within the department to clarify chain of command and set responsibilities for project tasks and prepare computer program to aid as a management tool in processing funding in a timely manner
Changes In Project Plan - one of the risks you anticipated for the project was the late delivery of the prototype from the vendor
The expected return and standard deviation of project B is 25% and 20%, respectively. The risk-free rate is 8%. What is the reward to risk ratio for project A?
What are examples of a resource availability risk in a project?
What type of responsibility center is the environmental management group? What benefits and problems do you see in structuring the environmental management group in the way? Does it lead to goal congruence and motivation? Explain.
What factors determine whether a project's beta will be higher or lower when calculated against a domestic stock index versus a world stock index?
Find the important factors necessary for a project to have accountability and what impact does this have on the overall project?
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