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.

1. What is the Payback period of the project?
2. 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

1. Draw a network diagram or Gantt chart (either one is satisfactory) for the project defined by the WBS according table.
2. 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