Question

Chapter 2

Question # 1 list and Describe each step in the strategic planning process?

Question # 6 What are some advantages and disadvantages of using a scoring model for selecting projects?

Question # 11 What purpose do sensitivity analyses serve in using scoring models to choose projects?

Question # 15 Name five things that may be negotiated between a client company and a contractor company?

Chapter 3.

Question # 2 Describe what an effective chapter should accomplish?

Question # 7 Give three reasons for using a charter?

Question # 12 What types of resources might be included in a resources-needed section of a charter?

Question # 17 what is the primary deference between "Auto" and "Manually" scheduled settings in Microsoft Project?

Chapter 4

Question# 1 Describe how a strong (project) matrix is different from a weak (functional) matrix?

Question # 3 List advantages and disadvantages of functional, projectized, and matrix forms of organization?

Question # 5 What are organizational values, and why should a project manager be manager be aware of them?

Answer 1

answer-

Question # 1 list and Describe each step in the strategic planning process?

Strategic analysis – analyze strengths and weaknesses within the organization and opportunities and threats external to the organization.

• Guiding principles – create statements of organizational vision, mission, purpose and/or values to guide decision-making.

• Strategic objectives – often annual planning to establish short and long term results that will support guiding principles.

• Flow-down objectives – optional for large or complex organizations to ensure that appropriate goals are established.

• Portfolio alignment – selecting a set of projects to support organizations’ goals.

6-the advantage of scoring model is that Scoring models allow leadership teams to perform sensitivity analyses—that is, to examine what would happen to the decision if factors affecting it were to change.

Because the criteria which are used to calculate a score are predetermined and defined in the scoring model, each score is calculated in an objective and uniform manner. Decisions are no longer subject to different interpretations or personal experiences .

A scoring model allows organizations to individually identify key criteria and assign different values to characteristics, that are applicable to their own specific situation.

the disadvantage is that They are more time-intensive than financial models. Can have large number of criteria also Unweighted models assume equal importance .

11- Sensitivity analysis is the study of how the uncertainty in the output of a mathematical model or system can be divided and allocated to different sources of uncertainty in its inputs . the purpose its serve is that it Allows decision makers to examine what would happen to the decision if factors affecting it were to change.

Question # 2 Describe what an effective charter should accomplish?

A project charter is a formal, typically short document that describes your project in its entirety — including what the objectives are, how it will be carried out, and who the stakeholders are. The effective charter should be able to Authorize the project manager to proceed. Help the project team and sponsor develop a common understanding. Help the project team and sponsor commit. Quickly screen out obviously poor projects.

Question # 7 Give three reasons for using a charter?

project charter is to authorize the project manager to start the approved project and allow him to use organizational resources to accomplish the objectives of the project.

It Helps project manager, team, and sponsor develop common understanding .

It Help project manager, team, and sponsor to commit, and Quickly screen out obviously poor projects .

Question# 1 Describe how a strong (project) matrix is different from a weak (functional) matrix?

Strong matrix equates to a strong project manager. In a strong matrix organization, many of the same attributes for the project team exits, but project manager gains power and time when it comes to project work. The project team may also have more time available for the project even though they may come from multiple departments within the organization.

In a weak / functional matrix, the project manager is not very powerful. Usually they carry out an administrative or coordinating role and rely on the functional manages to get things done. These project coordinators often report in to the functional matrix management structure.

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