MGT4104 Project Management Fundamentals

Practice Exam (Winter 2019) Week 15

Scenario

You and your best friend, Morgan, have recently graduated from Algonquin College. It has been your lifelong dream to open your own bakery and sell baked goods made from your familys secret recipes. You have rented a storefront shop in the Market, located downtown Ottawa, and you are set to open your doors on February 1st. Since you studied project management during college, you decide to use the techniques that you learned there to manage this project of opening your bakery.

Questions

1. What environmental influences would you consider before initiating this project? Be specific.

2. Would you consider using an Agile approach for this project? Why or why not? Be specific.

3. You decide to formally identify all your stakeholders and develop a stakeholder register. In the space below, create a stakeholder register for at least 6 stakeholders that you can identify.

4. Describe what you would use this stakeholder register for.

5. You have created a work breakdown structure (WBS) and a project schedule to organize all of the work that needs to be completed on your project. Compare and contrast the work breakdown structure (WBS) and the project schedule. Describe what information goes into each, what the information is used for, and how the two deliverables are similar and different.

6. You are planning out the resources that you require to complete the project of launching your bakery. In the space provided below, create a resource management plan and identify what resources you will need on your project team. Identify at least 6 resources you will need.

7. Create a communications management plan that identifies at least 6 distinct communication activities.

8. It is two (2) weeks prior to the date you will open your bakerys doors. You and Morgan had put together a very detailed plan identifying all the tasks that need to be done, by whom and by when. You have been very diligent at following the plan and completing the tasks on time as required. Morgan, on the other hand, is less diligent. You notice that the tasks that have been assigned to Morgan have slipped behind schedule and because of this you fear that your bakery will not be ready to open its doors on February 1st as planned. What steps would you take to get your project back on track?

9. You know that opening a new business is a risky endeavor. You decide to get a handle on all the things that could go wrong on your project and create a risk management plan to optimize your chance of success. In the space below, create a risk management plan that identifies and plans for at least 6 risks.

10. Great news! You managed to successfully open your bakery shop doors on February 1st, just as you planned. What do you do now?