To what extent can the three goals of a project be traded-off for one another?
How do you know if project completion is successful?
For any project, the performance is measured by considering three criteria – if project is on or before time, if the project is on or under the budget and if the project met all the required specification as per customer’s need or requirements. The performance for any given project is measured to the degree these criterions are achieved. As one of the goal is set by the client by agreeing the project contract, decides what capabilities are needed for ‘quality’ project deliverables. This results in great deal of effort from any Project Manager for any unpredicted changes in the project. This results in the trade-off of one objective for one another. For example, if a construction project slips its schedule due to bad weather then additional resources may be applied by a Project Manager. In case the existing budget does not support this change then the Project Manager need to negotiate on the ‘due date’ of the project. If both (budget and time) does not work, then it is fine to accept less profits or paying penalties. Hence, all projects are executed under uncertainty and the trade-offs which are straightforward, are taken care of during the project planning, scheduling and budgeting stages. Most of the time, budget and the duration are traded off but if not, then specification are changes. It is very important for a project manager to know from the early phases of the project which elements are inviolable and which ones are not. Lastly, a successful project always has some flexibility to work around. A project is completed successfully under all the three parameters of time, cost and performance, by meeting all the customer’s specifications and documenting all the know issues and lessons learnt.
To what extent can the three goals of a project be traded-off for one another? How...
What are some of the performance factors and goals that are traded-off, one against the other, in the design of a network? Why should there be trade-offs? Shouldn’t a client be able to “have it all”?
You are examining the goals of a project. Could you identify three goals of a project and describe how the project manager achieves them. What does it mean for a project to be “overdetermined?
How do “grit” and “growth mindset” relate to one another? Provide at least one example of how you might use grit or growth mindset as you pursue your goals. In addition to using these skills, how can managing your time effectively help you achieve your goals, in this class and beyond?
How are goals, expectations, and standards connected with one another IF nglish (United States) earch
___________ is the extent to which an observed effect or outcome can be generalized to another setting or population. It addresses the question will I get the same results if I repeat the intervention in a different setting, at a different time, with a different facilitator? Internal validity Maturation External validity Participant attrition Flag this Question Question 22 The __________ represents all of the elements (e.g. individuals, items, objects) whose characteristics are being studies in an evaluation. Population Sample Control...
Certain behaviors can either assist or hamper reaching financial goals . One such negative source is not controlling or being unaware of spending habits. Review your own personal spending over the past few months. Identify sources of “money leaks”. (A “money leak” can be defined as an “unbudgeted” expenditure - to include going beyond the budget set for the item) . Did the extent and/or category of the money leak surprise you? What might you do to control future money...
Discussion Question 1.2: what are the six attributes of a successful project? What do you think about the CHAOS study’s definition of a successful project? Do you think there are better definitions of success besides meeting scope, time, and cost goals? Defend your position.
Provide a brief overview of Hershey. What were the goals of Hershey's Enterprise 21 project? In addition to making reference to the goals described in the case, do your own analysis making reference to the competitive forces and value chain models. What was Hershey's plan for the project? What risks were recognized at the time and what risks should have been identified but were not? What were the problems that arise during the project? Include both internal problems directly related...
What are the 5 stages of team development? How can an effective charter with goals and a scope statement along with ground rules help the project team during each of those stages?
The Farm Fresh Egg project was too great for one person to pull off. The construction costs for the coop and chicken run were enormous and the sinister threat of avian flu hung over the area like a black cloud. It was only through the combined efforts of Matsushita Chickenworks and the City of Edmond that the project would be undertaken, since they would be able to: A) Minimize the risk B) Transfer the risk. C) Accept the risk D)...