Hello,

I'm looking for the answer of the questions from 3.1 to 3.5 in exercises section(page104- chapter 3- project management in practice)

I'd be grateful if you could give me the correct answers.

thanks in advance

104 CHAPTER 3 Project Activity and Risk Planning 3.4 Discuss the drawbacks of implementing a project plan without a RACI Matrix. 3.5 Assume that your class instructor appointed you project manager to lead a dozen of your classmates in writing up the end-of-chapter pedagogy materials (i.e., Review Questions, Discussion Questions, Problems, Incidents for Discussion, and Cases) as an Instructor's Guide for this book. You plan to form subteams to work on each of these elements, each headed by a subteam leader. Of course, all the subteam materials will need to be integrated into the final Instructor's Guide at the end. Construct a WBS and RACI Matrix for this project. 3.6 You and your family and friends are planning to host a graduation party at the end of the school year. Construct a WBS for this party. 3.7 Construct a WBS for the project in Question 3.5. 3.8 Consider one or more projects (from this course or elsewhere) that you understand reasonably well. Identify situations where information learned from a later task of the project becomes important to an earlier task. 3.9 Consider the differences between project planning with scrum and the traditional waterfall approach. Could any of the scrum project planning practices be used to complement the traditional waterfall approach? EXERCISES 3.1 Find the best alternative given the cost outcomes below. The probability of rain is 0.3, clouds is 0.2, and sun is 0.5. State Alternative Rainy Cloudy Sunny a 6 A Or UI N w w 3.2 In Exercise 3.1, base your decision instead on the worst possible outcome for each alternative. Now consider a decision based on the best possible outcome. When might both of these give you the same decision? 3.3 You are offered the chance to play a dice game at $10 per toss of 2 dice. If the sum of the two dice tossed is 4, you will receive $100. Should you play or not? 3.4 A marketing firm is trying to win a major contract from a large retail company and is concerned with four major threats. (1) Competition: The probability of very competitive bids is high at 0.6, and the potential impact would be substantial at a value of 5 on a scale of 1-7 (where a 7 is a major negative impact and a 1 is slight). (2) Economy: Probability of a recession is 0.4 and its impact would be 7 since the company would probably decide not to advertise. (3) Chance of a loss: A small probability of only 0.3 with a negative impact of 4. (4) Personnel loss (head of marketing is being courted by a compet- itor): Probability of loss is 0.5 but negative impact is only 3. Use the FMEA technique to prioritize the risks. 3.5 A marketing analyst has investigated each of the four threats in Exercise 3.4 in terms of NOT being able to ameliorate them and has come up with the following values (again, on a 7-point scale) for each of the threats: #1: 1, #2: 6, #3: 3, #4: 4. Recalculate the RPN and determine which risks are now