Question
Please help me with the following assignment: A. True / false questions. Circle correct answer. 1. T F The matrix organizational form is a pure
Please help me with the following assignment:
A. True / false questions. Circle correct answer.
1. | T | F | The matrix organizational form is a pure project organization overlaid on the functional divisions of the parent firm. |
2. | T | F | Program Management considers the grouping of investments that are quantifiable that permit the organization to manage them more effectively. |
3. | T | F | The project lifecycle is a collection of different costs of the project. |
4. | T | F | During the planning phase of a project, schedule is the dominant goal of many project managers. |
5. | T | F | The typical program life cycle curve is S shaped because most programs startup slowly, gather quick momentum and slowly finish. |
6. | T | F | Primary problems of project management are not technical but human involving conflict. |
7. | T | F | Work not defined in the WBS can also be considered within the scope of the project. |
8. | T | F | The shortest time in which the entire project can be completed is referred to as slack time. |
9. | T | F | A project is said to be well defined if all three variables - time, cost, and specifications - are fixed by the project sponsor. |
10. | T | F | Project monitoring is collecting, recording, and reporting information concerning any and all aspects of project performance that the project manager or others in the organization wish to know. |
11. | T | F | Principled Negotiating to a win-win solution is the key to conflict resolution in project management.. |
12. | T | F | The mastery of skills required to manage projects competently is referred to as project management maturity. |
B. Multiple choice questions. Circle correct answer.
Which of the following is NOT a project stakeholder?
Project Manager
CEO of the Company
The end customer of the project
The accountant of the Company
The project organization most frequently used in managing projects is
Functional Organization
Matrix Organization
Pure Project Organization
Mixed Organization
A deliverable oriented grouping of Project elements that organizes and defines the total scope of the project is known as
Scope Statement
Work Breakdown structure
Project Charter
Project Plan
Which of the following is NOT consistent with successful project management?
Exact understanding of project business goals
Compliance of project goals and company intentions
Visible interest of company top leaders
Skills and knowledge of project implementation
Knowledge of external business environment
Company account receivables and payables
Availability of necessary resources
Basic company project management methodology
In defining the scope of projects, the following may be used as inputs EXCEPT
Scope Statement
Project Assumptions
Project Constraints
Company Salary Information
Historical Information
Other planning outputs
Which of the following is not the responsibility of the Project Manager?
Creating project reports for Senior Management
Administrative support to running projects in the company
Monitoring and controlling projects in organization
Project Staff salary determination and raises
Be a link between strategic management and project management in the organization
Maintenance of project risk database of the organization
The following are elements of a project plan EXCEPT
Project Charter
A summary of individual Management plans
The Company budget
Scope statement
Project Cost estimates
Major Project Milestones
Key project staff
Overall Project Change control is concerned with all of following EXCEPT
Influencing the factors which create changes to ensure that changes are beneficial
Determining that a change has occurred
Managing actual changes
Responding to and managing change requests
Changing the organization
Which of the following is the most important document for the project implementation?
Request for proposal
Change request issued by customer
Initial work breakdown structure
Project Plan
Budget proposal
Resource allocation plan
Time schedule
Risk database
Which of the following is not consistent with Principled Negotiation in conflict management?
Let us discuss the problem first and later personal conflict
In the negotiation I would try to reach atmosphere of mutual understanding
I have to win this dispute otherwise I could loose my face in front of the project team
This problem is a technical task and not a personal issue
The best would be to start with separation of the problem from personal relations
I would propose to meet again if we would not be able to find win / win solution during this meeting
Project Cost Estimation and Management includes the following processes EXCEPT
Resource Planning
Project Cost Estimating
Project closure
Cost Control
A critical path is
The series of activities which determines the earliest completion of projects
The series of activities which determines the latest completion of projects
The series of activities that must be executed in no particular sequence
The series of activities in a Work Breakdown structure
A formal Project Change Control System is used for all of the following EXCEPT
To review all requested changes to the project (both content and procedures)
Identify all task impacts and translate these impacts into project performance, cost and schedule
Evaluate the benefits and costs of the requested changes
Accept or Reject the requested changes
Modify the change request and send it back to the requestor
Identify alternative changes that might accomplish the same ends
Ensure that the changes are implemented properly
In the project planning, controlling and monitoring cycle, the key things to be planned, monitored and controlled are all of the following EXCEPT
Schedule
Employee Morale
Budget
Performance
Quality
Specifications
In the Cybernetic control type of project control process
Determination is made if next activity in the project can be started based on current information
Final report is generated on project results with concluding recommendations for performance and process improvement
Automatic negative feedback system is used to prevent deviation from standard
The Work Breakdown structure is changed to manage scope creep
The Project Audit Life cycle consists of all of the following EXCEPT
Project Audit Initiation
Project Baseline Definition
Establishing an Audit database
Preliminary Analysis of the project:
Analysis of Senior Management
Audit Report Preparation
A project Audit report may contain all of the following sections EXCEPT
Current Status of the project:
Future status
Status of crucial tasks
Risk assessment
Auditors' assessment of the Project Manager's incompetence
Information pertinent to other projects
Conclusion
The most likely reasons for projects to fail are all of the following EXCEPT
A Project based organization is not required
The Company's CEO is changed
Insufficient support from Senior Management
Appointing the wrong person as Project Manager
Poor planning
Projects are usually terminated in all of the following conditions EXCEPT
Normal completion of the project
When projects are spun off as independent new sub projects
When Project Manager decides to go on a holiday
When projects are successfully completed, the resources and project output is returned to the company.
Project closes on its own due to lack of funding, disinterested Senior Management etc.
Which of the following would you consider to be the LEAST important characteristics for project manager?
Good communication skills
Delegating authority in the project team
Strong technical background
Person with very good relations with senior management of the company
Strong drive to complete assigned tasks
Analyst with very deep technical knowledge
Organizer and systematic in control and planning
Able to solve many conflicts of a very different nature
Person is areal leader accepted by the whole team
C. Reviewing tasks:
Task 1.How will you handle "scope creep" using a change control system in a project environment?
Task 2. What is your preferred method of addressing risk in a multi-project environment? Why?
Task 3.Describe a method you might use to prioritize potential projects. What makes one project "more important" than another?
Task 4.What is the difference or similarity between a Business plan and a Project Plan?
D. Payback period problem
A large beer producing company in the Czech Republic is considering improvements in their brewing process to improve efficiency without sacrificing quality in order to compete against foreign competitors. The engineering department has submitted a proposal that estimates the investment requirements as follows: an initial investment of 100,000 to be paid upfront to Pivovarske Stroje s.r.o. for labor and installation charges for installing new brewing machinery, an additional investment of 70,000 to be paid to the water company for new water connections and drainage improvements and 80,000 to a Belgian beer machinery manufacturer. Project life is expected to be 10 years. The project analysts have projected that due to these improvements there would be a net cash flow of800,000 over the life of the project.
- What is the Payback period of the project?
- Assuming that average annual after tax net income is estimated to be 75,000, what is the average rate of returm of the project?
E. Gantt chart, critical path
- Draw a network diagram or Gantt chart (either one is satisfactory) for the project defined by the WBS according table.
- Depict critical path and list tasks on the critical path. (One of both is satisfactory.)
Task | # | Duration | Start | Finish | Predecessors |
Start | 1 | 0 days | 5.1.2005 8:00 | 5.1.2005 8:00 | |
a | 2 | 13 days | 5.1.2005 8:00 | 17.1.2005 17:00 | 1 |
b | 3 | 12 days | 18.1.2005 8:00 | 29.1.2005 17:00 | 2 |
c | 4 | 12 days | 18.1.2005 8:00 | 29.1.2005 17:00 | 2 |
d | 5 | 21 days | 18.1.2005 8:00 | 7.2.2005 17:00 | 2 |
e | 6 | 8 days | 22.2.2005 8:00 | 1.3.2005 17:00 | 3 |
f | 7 | 3 days | 8.2.2005 8:00 | 10.2.2005 17:00 | 4;5 |
g | 8 | 19 days | 8.2.2005 8:00 | 26.2.2005 17:00 | 5;4 |
I | 9 | 14 days | 8.2.2005 8:00 | 21.2.2005 17:00 | 5 |
j | 10 | 21 days | 22.2.2005 8:00 | 14.3.2005 17:00 | 9 |
k | 11 | 11 days | 2.3.2005 8:00 | 12.3.2005 17:00 | 6;7 |
Finish | 12 | 0 days | 14.3.2005 17:00 | 14.3.2005 17:00 | 10;11;8 |
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Elementary Statistics Picturing The World
Authors: Ron Larson, Betsy Farber
7th Edition
134683412, 978-0134683416
