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Select two projects of two different natures (see examples below). a. (15 points) Hypothesize and draw the shape of the cumulative cost curve for each
Select two projects of two different natures (see examples below). a. (15 points) Hypothesize and draw the shape of the cumulative cost curve for each project, both together on one graph. Identify a few (3 to 5) key points on the graph (points of slope change) with proper annotations on the graph at the key point explaining the reasons for these changes. In one paragraph (below), explain why the two graphs look different (e. g. S, J, linear, reverse S or J, step, etc.). You can use bold/underline formatting to highlight your key reasons. One Paragraph, 5 lines max. b. (10 points) Redraw ONE of the curves in a new graph, overlaid by your preferred cumulative cash inflows curve (i.e. how you get paid in time by the client, how the project is being funded). Provide one paragraph explaining why the cash flows curves differ from the cost curve, identify areas of surplus / deficit cash, and why you prefer this pattern, as the PM. c. (5 points) Explain how your lack of discipline as a PM could cause your preferred funding schedule (per bullet b graph) to backfire on your project cost, or worse, result in unethical decisions. Tips: 1) Recall "Lean" philosophy, 2) Ethics = a set of moral issues or aspects (such as rightness), Meriam-Webster Dictionary One Paragraph, 5 lines max. Example Projects (Pick two projects with significantly different natures, not necessarily from this list): - Building an airplane - Internal problem solving project (Six Sigma) - Develop a new cure for Leukemia - Writing a new computer game program - Staging a house for sale - Launching a house for sale Note: Your curve should cover the entire project life-cycle; initiation close-out Sample graphs for part a: Delete everything on this page (except header/footer) and put your graphs. Do not draw your model over this graph. Create your own graph. You can hand-draw (legibly) or create it in Excel and paste the picture here. Use this page, and only this page for both your models (parts a and b). Do not submit any other files You will lose at least 7 points if you do not follow these instruction Select two projects of two different natures (see examples below). a. (15 points) Hypothesize and draw the shape of the cumulative cost curve for each project, both together on one graph. Identify a few (3 to 5) key points on the graph (points of slope change) with proper annotations on the graph at the key point explaining the reasons for these changes. In one paragraph (below), explain why the two graphs look different (e. g. S, J, linear, reverse S or J, step, etc.). You can use bold/underline formatting to highlight your key reasons. One Paragraph, 5 lines max. b. (10 points) Redraw ONE of the curves in a new graph, overlaid by your preferred cumulative cash inflows curve (i.e. how you get paid in time by the client, how the project is being funded). Provide one paragraph explaining why the cash flows curves differ from the cost curve, identify areas of surplus / deficit cash, and why you prefer this pattern, as the PM. c. (5 points) Explain how your lack of discipline as a PM could cause your preferred funding schedule (per bullet b graph) to backfire on your project cost, or worse, result in unethical decisions. Tips: 1) Recall "Lean" philosophy, 2) Ethics = a set of moral issues or aspects (such as rightness), Meriam-Webster Dictionary One Paragraph, 5 lines max. Example Projects (Pick two projects with significantly different natures, not necessarily from this list): - Building an airplane - Internal problem solving project (Six Sigma) - Develop a new cure for Leukemia - Writing a new computer game program - Staging a house for sale - Launching a house for sale Note: Your curve should cover the entire project life-cycle; initiation close-out Sample graphs for part a: Delete everything on this page (except header/footer) and put your graphs. Do not draw your model over this graph. Create your own graph. You can hand-draw (legibly) or create it in Excel and paste the picture here. Use this page, and only this page for both your models (parts a and b). Do not submit any other files You will lose at least 7 points if you do not follow these instruction
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