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business
project management

Questions and Answers of Project Management

3. Prepare a final project report, using information from progress reports and your final project presentation and the template provided. Be sure to include all of the documents you have prepared as
2. Prepare a lessons-learned report for the entire project, focusing on what you and your class mates learned about project management and investing in a fixer upper. Include input from all
1. Your Aunt Julie is coming to visit March 16-18 as part of her vacation. She has not seen the house since she came to help paint.You’ve been sending her pictures and getting her advice along the
4. Update your list of prioritized risks. Create a risk register entry for two of them. Use the template and sample provided
3. Review the Seven Basic Tools of Quality. Based on the current project scenario, pick one of these tools and create a chart/diagram to help you solve problems you are facing. Use the templates and
2. Research different approaches for getting rid of gophers and make a recommendation on what to do in a short paper. Include three references.
1. Discuss with your team members what you can do to convince your relative, Nick, to install your laminate counter tops and finish the kitchen ceiling. Also get at least two bids for what it would
Assume you earn $50,000/year at your job and pay taxes, of course. Determine your monthly cash flow for a year. Add a third sheet called Investment to show your aunt that she is making a good
4. Create a spreadsheet to summarize financial information that includes four sheets called Loan, Cash Flow, Investment, and Sell. Name the first sheet Loan and figure out your monthly payments and
• research various tax strategies your aunt could use to minimize paying taxes on this property. (Hint: Look into“gifting.”) Document your findings and recommendations in a 2-3 page report,
3. Prepare a strategy for finding renters, developing a rental agreement, and collecting and making payments. You know what you need to pay your Aunt Julie every month, but you need to figure out
2. Prepare a more detailed Gantt chart for just the renovations part of the project. Be aware of dependencies, such as washing the walls before priming them and priming them before painting them.
1. Develop a cost estimate for all of the renovations. Try to get real bids from real contractors and search for actual costs for materials, such as appliances, cabinets, etc. Include photos of
7. Prepare a 10–15 minute presentation that you would give to summarize results from the planning phase of the project. Assume the presentation is for a management review to decide if the project
6. Create a probability/impact matrix and list of prioritized risks for the renovation part of the project. Include at least 10 risks. Use the template and sample provided.
5. Create a RACI chart for the main tasks and deliverables for the project, focusing on what you and your class mates need to do. Use the template and sample provided.
4. Create a quality checklist for ensuring that the remodeling goes well.Also define at least two quality metrics for the project. Use the templates and samples provided.
Create one Gantt chart for the actual fixer upper project, assuming a start date of October 1 and end date of April 1. Create a second Gantt chart for your team to do this case study, including all
3. Use the WBS you created earlier, the milestone list you developed in numbers 2 above, and the new information provided to create an initial Gantt chart and network diagram in Project 2013 for the
2. Create a milestone list for the executing part of the renovation part of this project, and include at least 10 milestones and estimated completion dates for them. Assume that you close on the
1. Develop a requirements traceability matrix and a more detailed scope statement for the project. Use the templates provided on the companion Web site, and review the samples in the text.
6. Complete a draft schedule in Excel for your class team to work on this case study. Include all of the tasks in this case study using the main categories of initiating, planning, executing,
5. Prepare an initial scope statement for the project. Assume that your Aunt Julie is doing the work to find and close on the house, which will take three months and be completed by January 1. The
4. Prepare a project charter for the Fixer Upper Project. Assume the project will take six months to complete and cost about $350,000 (or agreed upon price), that you estimate you will spend $40,000
Assume you will have some other friends (your classmates in this case) and family who can help with some of the work for free, and you know a few skilled acquaintances (an electrician and a plumber)
Assume that your Aunt Julie is very knowledgeable about finances and purchasing and renovating houses but only handy when it comes to painting. She’s also very organized and cost-conscious and
3. Prepare a stakeholder register and management strategy for the project. Include all project team members and make up names and information for the following: a realtor to aid in house-hunting, a
2. Determine a location where you would like to live for at least ten years and where you think your aunt would like to buy a property.(Note: Check with your instructor to agree on a location or ask
1. Research the rental market for single-family houses in your area or another area where you would like to live and work for a long time.Find at least three references about investing in rental
4. Document your own list of best practices that you think helped or could have helped you on this project in a two- to three-page paper.
3. Prepare a final project report, using information from your final project presentation and the template provided. Be sure to include all of the documents you have prepared as appendices.
2. Prepare a lessons-learned report for the entire project. Include input from all stakeholders in summarizing the lessons learned. Use the template and sample provided, and be creative in your
1. You have scheduled a final project presentation two days before your grand opening. Prepare a 10–15 slide presentation to summarize the results of the project. Describe the initial project
6. Update your list of prioritized risks. Create a risk register entry for two of them. Use the template and sample provided.
5. Review the Seven Basic Tools of Quality. Based on the current project scenario, pick one of these tools and create a chart/diagram to help you solve problems you are facing. Use the templates and
4. Write a two- to three-page statement of work to hire someone to help you purchase/develop the curriculum. Use the template and sample provided.
3. Prepare a 10–15 slide presentation to give to potential funders for your business. Use information from your business plan.
2. Prepare an agenda for a team meeting to discuss several of the issues you are facing. You definitely want to decide on the location at this meeting, since it is down to two and you have to decide
1. Create a new Gantt chart based on the revised information above, if needed. Briefly describe other plans you have created so far that you think you should update in a one- to two-page paper.
8. Assume that the following has occurred since the project started: As usual, you ended up taking lead of this team, but you’re starting to get burned out. You are four months into the project
7. Create a plan for hiring staff for your new business. Assume that you will work full-time as the main manager, providing some front-desk coverage, giving some lessons, and managing most of the
6. Include a one-page curriculum sheet for each course and a one-page schedule for all of the courses, including times for performances for the rock band. Also include a performance each term for
Basic, intermediate, and advanced rock band
Basic, intermediate, and advanced voice
Basic, intermediate, and advanced percussion/drums
Basic, intermediate, and advanced guitar
Basic, intermediate, and advanced bass
Basic, intermediate, and advanced keyboard
5. Assume that you decide to have students sign up for weekly individual instruction on a term basis. You will offer a fall, spring, and two summer terms consisting of 12 hours of instruction in
4. Research options for a rental space for the music academy. Develop at least five alternative sites. Include a picture of the site, if available, square footage, cost, pros and cons, etc. Document
3. Create a one-page flier for your new business, a home page for a Web site, and a tri-fold brochure listing key services/courses of the business, and any other marketing materials you think you
2. Research options for getting small business loans. For example, most governments have a small business administration office that offers loans or loan information
Financial Plan
Management Summary
Operational Plan
Marketing Plan
Products and Services
Company Description
Executive Summary
11. Prepare a 10–15 minute presentation that you would give to summarize results from the planning phase of the project.Assume the presentation is for a management review to decide if the project
10. Prepare a request for proposal for the technology lab (including purchasing the hardware, software, installation, soundproofing, testing, and maintenance) for your music academy and describe at
9. Create a probability/impact matrix and list of prioritized risks for the project. Include at least 10 risks. Use the template and sample provided.
8. Develop a communications management plan for the project.Use the template and sample provided.
7. Create a RACI chart for the main tasks and deliverables for the project. Use the template and sample provided.
6. Create a quality checklist for ensuring that the business is ready to open its doors. Also define at least two quality metrics for the project. Use the templates and samples provided.
5. Develop a cost estimate for developing just the technology lab for your music academy. Assume that you will purchase five personal computers that can connect to the Internet and run several
4. Use the WBS and milestone list you developed in numbers 2 and 3 above to create a Gantt chart and network diagram in Project 2013 for the project. Estimate task durations and enter dependencies,
3. Create a milestone list for this project, and include at least 10 milestones and estimated completion dates for them.
2. Develop a work breakdown structure (WBS) for the project.Break down the work to what you think is an appropriate level.Use the template provided on the companion Web site, and review the samples
5. An important part of starting any business is preparing financial projections. Although you will prepare a more detailed financial analysis when you create your business plan, you still want to do
4. Prepare a project charter for the New Business Venture Project.Assume the project will take one year to complete and cost about$100,000. Recall that the main project objectives are to prepare a
3. Prepare a team contract for this project. Use the template provided on the companion Web site, and review the sample in the text.
2. Prepare a stakeholder register and management strategy for the project. Include all project team members and make up names and information for at least one spouse, one potential financial backer,
1. To become more familiar with the children’s music instruction market, do some preliminary research to find out how big this market is, who the main companies are in the market, what the
4. Andres was the last person to join your band in high school, having replaced your original drummer. He currently works as a music teacher at a local middle school. He has a lot of contacts with
3. Nicole, also one of your best friends since sixth grade, was the lead singer in your band. She has a great voice and really knows how to work a crowd, too. She is currently working as a parttime
2. Brian, one of your best friends since sixth grade, played lead guitar in your band. He is a natural musician and has little trouble learning to play very complicated songs. Brian is very quiet,
1. You are an excellent bass player, and you were the one who organized your band in high school and got the few paid gigs that you had. You can also play keyboard. You continue to play both
3. Hard copies of all of the products your team produced. Include the project management documents you created (charter, Gantt chart, etc.), communications with your sponsor, and all productrelated
What was your project sponsor’s final assessment of the project? Include some written feedback from the sponsor in your final report and presentation
What did your team learn by working on this project? How did you select the project manager? Did he/she do a good job at leading your team? Did you work well as a team?
How close was your draft schedule and estimate of hours to the actual schedule and actual hours worked on the project?What went right on the project?
2. A double-spaced 3-4-page project report. Address the following questions in your report, which should be in the front of your notebook after the table of contents: What did your team produce? Was
1. Cover page and detailed table of contents. List the project name, team members, and date on the cover page of the notebook. Be sure to number all pages (by hand is fine), which should match the
feedback from your sponsor since the last progress report. I also want your sponsors to email or call me to verify their involvement at least three days before you present the second progress report
a comparison and explanation of estimated versus actual hours to date (show your updated draft schedule)
a summary/sample of completed deliverables under executing
a probability/impact matrix, including at least 10 potential risks for your project. For at least three of them (most important ones), describe your strategy for managing them
a Gantt chart created in Microsoft Project, based on the draft schedule you created. Be sure to include your detailed WBS under executing, and list at least 4 milestones under executing.Note: You can
an updated scope statement, including more detailed descriptions of key deliverables
a one-page progress report (using the template called performance report. Be sure to focus on work completed since the first progress report)
a brief summary of your team’s MBTI types and how they might affect your team dynamics
a draft schedule (using the template in Moodle for this class. I will be most interested in what you have under Executing and your total estimated hours by person. I know this is a rough estimate,
a team contract, emphasizing the communications section (using template)
a preliminary scope statement (using template. Note: Describe each product-oriented deliverable using at least two complete sentences)
a summary of communications so far with your project sponsor and instructor (emails or documented meeting minutes)
a project charter (using template), signed by all stakeholders, including your sponsor (an email confirmation is okay in place of a signature for now)
a one-page progress report (using the template called performance report)
a brief introduction of your project and your team, emphasizing why you are doing the project, what your main deliverables will be, and how you will measure success
Redesigning/renovating one or more rooms of someone's home or rental property

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