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1. Three main reasons that there are changes to a budget (and hence, changes to the overall budget) are: (1) errors the cost estimator made about how to achieve the tasks identified in the project plan; (2) An increased knowledge about the project's goal and deliverables causes changes to the way of thinking, leading to wholesale changes in the project; and (3) a new law, standard, or mandate occurs leading to a change in the way the project is carried out. Can you think of any other reasons why the baseline of the budget might need to be changed midstream of a project?
2. Describe the fundamental trade-offs made when deciding whether or not to crash a project. What trade-offs are made to resources if you decide to a crash a project? Can all three project factors - cost, schedule, and resources - be reduced when you crash a project? Why or why not?
You have been assigned to a new and important project for your company. How would your management style differ if your project was being done in a functional organization verses a pure project environment?
This assignment will summative assess the following learning outcome: it should be able to apply and demonstrate an understanding of Various performance strategies and techniques.
The Project Management Institute defines a project as, "it has a beginning, a middle and an end." With that said, is this all the project management lifecycle is?
Draw the activity-on-node (AON) project network associated with the following activities for Dave Carhart's consulting company project.
Explain why each of these factors is the driving force behind economic success.
Create a mission and vision statement for your organization and determine at least three specific strategic goals that align with the ideals in those two statements.
You are preparing a project to lay fiber optic cable. The first task is to mobilize the team. You estimate this will take one week and cost $3000. The second task is to lay the cable.
Prepare a performance statement report for the Humphrey Catalog project.
Some changes to your program. Discuss and begin to prepare plans among your group members how you will go about making modifications you should make to keep your sub-project on track.
Compute the minimum total direct cost for each of the following project durations (based on the cost associated with each activity): 13, 14, 15, 16, 17, and 18 weeks.
Explain meaning of contingency fee.
This excerpt explains what factors might intervene between a project plan and its execution to disrupt the resources assigned to the project.
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