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Predicting Project Duration
You have signed a contract to build a garage for the Simpsons. You will receive a $500 bonus for completing the project within 15 working days. The contract also contains a penalty clause in which you will lose $100 for each day the project takes longer than 15 working days. Draw a project network given the information below. Complete the forward and backward pass, compute the activity slack, and identify the critical path. Do you expect to receive a bonus or a penalty on this project?
ID| Description | Predecessor | Time/DaysA | Pour Foundation | None | 3B | Erect frame | A | 4C | Roof | B | 4D | Windows | B | 1E | Doors | B | 1F | Electrical | B | 3G | Rough-in frame | C,D,E,F | 2H | Door Opener | E, F | 1I | Paint | G,H | 2J | Clean up | I | 1
While cost and time are critical components of projects, how would you define the quality of a project?
Do you think the inclusion of a sound culture and adoption of tried and tested methodologies and standards can improve this process and Or is this too idealistic or simplistic
Some companies choose not to tie resources to their projects. In what ways does this benefit a project and In what ways does this hinder a project?
Describe which three of these investment criteria you recommend for use at your current (or a former) company for the selection of investment projects.
Describe the levels of uncertainty and complexity for the project and determine what the project manager should communicate to the customers about the project unknowns.
How do you determine if the project is "sensitive" to the specific items? What are the criteria for selecting items for analysis?
A project can be closed for several reasons.
Show the importance to fully integrate the WBS with the organization
Explain what are the roles, responsibilities, and authority assigned to project managers and various other members of the project team.
Leaders must understand their actions have a direct impact on the ethical climate of the organization please describe
Explain which type of organizational form fosters teamwork in the best manner and what are the major reasons for having project managers report higher and higher in the organizational structure?
Evaluate the operating cash flows of the project for the next 6 years id the firm's tax bracket is 35 percent - Has a new mower line that can generate revenues
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