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Question 5 10 pointsaes The project budget is proving to be inaccurate. The SPI is 1.1....
1 In regard to Project Work, which activity refers to “reviewing the progress and capturing project performance data with reference to the project plan, developing performance measures, and communicating performance information?” a. controlling b. monitoring c. executing d. managing 3 Which of the following formulas represents the schedule performance index (SPI)? a. EV/PV b. EV PV c. EV AC d. EV/AC 4 If your sponsor asks for an estimate as to how much more money your team needs to complete...
QUESTION 9 Activity based costing allocates overhead (indirect costs) to fixed costs based upon four different types of drivers. Which of the following is one of the cost drivers that serves as a basis of cost allocation? a. direct equipment costs b. number of labor hours c. number of units produced d. quantity of materials used QUESTION 13 Which of these is NOT one of the items that can provide useful assistance to a project team to define the...
NO EXPLANATION NEEDED, JUST ANSWER. A senior manager is in the process of selecting a project manager for a new initiative that is very important for the company’s future. What is the key factor in choosing a project manager? The project manager should be the most technically competent person on the team The PM works well with various levels of management The project manager should be the functional manager of the most people on the team The project manager must...
QUESTION 1 3.8 points Save Ans The cost management plan has all of the following characteristics EXCEPT It may specify variance thresholds for monitoring cost performance to indicate an agreed-upon amount of variation to be allowed before some action needs to be taken. It describes how the project costs will be planned, structured, and controlled. It is based on project cost estimates and is separate from the project management plan. It may specify the level of precision, which is the...
Please read through the article below and answer the question at the end of the article. What Are the Project Management Knowledge Areas? PMI created a set of standard terminology and guidelines for project management, which is known as the project management knowledge areas. This is an evolving standard that is updated periodically in its PMBOK. Project management knowledge areas coincide with the process groups, which are project initiation, project planning, project execution, monitoring and controlling, and project closing. These...
Consider the proposal. Should SCF accept or reject ACL’s request? If you were the project manager, which option would you select? What risks are involved with your choice and with ACL’s request? Shell Case Fabricators BACKGROUND Shell Case Fabricators (SCF) designs and builds shell casings that enclose electronic products such as calculators, cell phones, modems. Typically the cases are plastic or plastic compounds. SCF has six different production lines that cover different types of product. For example, the largest high...
What an Executive Summary Is An executive summary is a specific type of document that does two things: it summarizes a research article, and it offers recommendations as to how information from the article can be used. Some long reports can contain an executive summary section, as indicated in the Pearson handbook. Write a 2 pahe Executive Summary In business contexts, an executive summary is always written for a specific purpose: to explain the information in the article to a...
Who do you think are top 3 stakeholder groups Now that you are familiar with the project, what are some areas that are more likely to change? What are ways to monitor the effectiveness of stakeholder engagement? CASE STUDY VIII. Integration Management About Global Information Store Introduction In the relaunch of the ERP system, now with Ms. Adriana Holmes as the new CPO, the project team reexamined and refreshed the business case. After a detailed analysis, the team agreed to...
How can we assess whether a project is a success or a failure? This case presents two phases of a large business transformation project involving the implementation of an ERP system with the aim of creating an integrated company. The case illustrates some of the challenges associated with integration. It also presents the obstacles facing companies that undertake projects involving large information technology projects. Bombardier and Its Environment Joseph-Armand Bombardier was 15 years old when he built his first snowmobile...
Hi, Kindly assist with my project management assignment below using the attached case study Question 1 Update the project charter for the remainder of the project in response to Adams’ memo (lines 241 through 246). Question 2 Prepare a plan for the remainder of the project in response to Adams’ memo (lines 241 through 246). Your answers to the above will be assessed in terms of the level of communication displayed, the insights and inferences drawn, and your ability to...