Project Management $2102-$ Final Exam

Name: Janarthani Mithunkranth

Student Number: $100862061$

Total Grade $q,$ out of $85$

Part $1-$ Multiple Choice $(15$ marks$)$

The two principles to follow when crashing a project focuses on the what?

a$.$ Critical path and selects the least expensive alternative

b$.$ Critical path and selects the most expensive alternative

c$.$ Shortest path and selects the least expensive alternative

d$.$ Shortest path and selects the most expensive alternative

In earned value analysis, if the cost variance is $(-$$$10,000),$ then what?

a$.$ The cost variance is favorable

b$.$ The cost variance is unfavorable

c$.$ The scheduled variance is favorable

d$.$ The scheduled cost avoidance is unfavorable

With a project salary cost of $$320,000$ a year and wage increases of $3$ pe each year, calculate the total salary cost over a three$-$year project lifecycle not discount for present value.

a$.$ Under $$1,000,000$

b$.$ $$1,000,000-$$$2,000,000$

c$.$ $$2,000,001-$ $$3,000,000$

d$.$ Over $$3,000,000$

As a project manager at a technology firm, you are responsible for estim costs associated with a specific work element. Suppose a certain task re $25$ hours of labor from a technician with an hourly wage of $$17\mathrm{.}50.$ Addi overhead charges are $84$ percent of direct labor charges. Furthermore, personal time should be factored into the estimate. Calculate the total e cost for this work element, including labor, overhead, and personal time

a$.$ $$437\mathrm{.}50$

b$.$ $$800\mathrm{.}00$

c$.$ $$900\mathrm{.}00$

d$.$ $$1,000\mathrm{.}00$

Question $4$: Twelve Hospital Handoff Projects $(5$ marks$)$

When construction on the new Norton Brownsboro Hospital in Louisville, Kentucky was seven months from completion. It was time to start the transition from project to smooth operations. Previously, to help set up the patient processes, subject matter experts from the Norton facilities were brought in for consultation, particularly regarding how the patients would want the processes to work. As one example, rather than usual wait$-$line patient registration system, patients registered themselves at kiosks.

Since $700$ new hires for the hospital had to learn how to operate $51$ information systems on $13$ technologies, $12$ projects were set up to train them. To help with the training, the operations people were brought in early to facilitate smooth transition and hear any concerns and needs of the new hires. In a hospital, project failure and closure are not an option since lives are constantly at stake. As it happened, the projects finished on schedule and the hospital opened by its due date in almost $$3$ million under budget.

How important do you think the transition process from the project team to the operational staff is in ensuring smooth hospital operations? $(2$ marks$)$

The transition process from project to operational staff is crucial toen smooth hostpital operation.

Would you classify this as a closure by addition, by integration, or by extinction? Why? $(3$ marks$)$

$6$