Reference no: EM132988745
"Packaging Machine" Project
Lynx Manufacturing was a low-cost producer of cables and wires. The industry itself was considered a low-technology industry, and some of its products had been manufactured the same way for decades. By the turn of the twenty-first century, manufacturing technologies began to grow. Lynx had to prepare for the technology revolution that was about to impact its business.
A short list of projects to improve the manufacturing processes was prepared by department managers and under exceptional leadership of senior manager the priority was given to "Packaging Machine" Project.
Question 1. Project costs are calculated using the planned and actual work values for resource assignments in your project.
- Name two possible direct costs associated with "Packaging Machine" Project
- Name two possible indirect costs associated with "Packaging Machine" Project
Question 2. Assume you are the Project Manager for "Packaging Machine" Project and your team is in Storming Stage.
- Identify 3 challenges that you must deal with in this stage.
- Identify 3 activities you would perform as the Project Manager during the Storming Stage.
Question 3. One of your project team members tells you that the project is a super success because it was supposed to be done in 10 weeks with CA$ 90,000 budget and at the end of Week 7 you have spent CA$ 65,000 and only 35% of project is remined.
- What is your opinion about what your colleague is saying? Explain your answer based on the values of CV and SV
Question 4. According to approved schedule "Packaging Machine" Project is supposed to be finished in 10 weeks. The status report at the end of the 6th week says the project has a CPI of 0.85 and an SPI of 1.20.
- Explain what these numbers mean.
- Give two recommendations to get the project back on track.