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Importance of Data Collection in Project Management
It is important for the project manager to gather data on the work that has already been executed in the project to compare the plan against what is actually happening. Once the data is collected and reviewed, it should be determined if action is necessary. Without the data, project managers may not be able to make decisions based on how the project is progressing, more specifically, making sure the costs are within budget. By gathering data as work is executed, project managers can make decisions before the project is over and performance is presented to stakeholders
Riskless Project: Which Statement Is False - the net present value of the project is positive
Explain how to Effectively Communicate with Project Stakeholders and how can you improve your listening skills?
Select 2 of the highest risks. Explain why these are considered high risk, and explain their potential effect on the project.
Develop a cost schedule for total project cost from finishing in the normal time to maximum crashing, ie. cost to finish in normal time , cost if crashed one week, cost if crashed two weeks, etc. to minimum time to complete.
Explain the difference between "primary" and "secondary" research.
Show why are progress reports an integral part of project communications and what should they include? How are they different from a final report?
How do you determine the residual value at the end of the project life?
Project Management: Analysis of Critical Paths - Suppose the length of critical path in a project is 50 days
Explain the connection between Project Management and an organization's Strategic Plan and briefly explain the task decision making responsibilities under the three project management matrix structures
What is the function of a project budget? Explain the difference between a Cost Account Budget and a Time Phased Budget?
Describe which three of these investment criteria you recommend for use at your current (or a former) company for the selection of investment projects.
What additional costs must be taken into account when making a short-term pricing decision where surplus capacity is not available, and overtime, additional shifts, or other means must be used to expand capacity?
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