IE 3329 Homework 11
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School
Texas Tech University *
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Course
3329
Subject
Industrial Engineering
Date
Dec 6, 2023
Type
docx
Pages
2
Uploaded by thisisade
IE 3329
Homework 11
Special Topics
Question 1:
What are the characteristics that typically define projects in small companies? How
does this differ from larger-scale projects in terms of duration, budget,
communication, and cost control?
Projects in small companies typically exhibit the following characteristics:
Shorter Duration
: They often have shorter timelines due to the need for quick
turnarounds and the agility of small teams.
Limited Budget
: Smaller companies usually have tighter budgets, leading to a
stronger focus on cost-efficiency.
Direct Communication
: With fewer employees, communication is often more
direct and informal, with less bureaucracy.
Flexible Cost Control
: Cost control processes might be less formalized but can
be more adaptive to changes.
In contrast, larger-scale projects generally have:
Longer Duration
: They may span several years and involve complex planning
and execution phases.
Larger Budget
: The budgets for these projects are typically larger,
accommodating a broader scope and more resources.
Formal Communication
: Communication protocols in large projects are more
structured, often requiring formal documentation and approvals.
Rigorous Cost Control
: There are usually stringent cost control measures and
financial oversight to manage the higher stakes involved.
Question 2:
Describe the challenges commonly encountered in managing mega projects and
provide at least two critical success factors necessary for the success of mega
projects.
Challenges commonly encountered in managing mega projects
1.
Lack of Available On-site Workers
: Mega projects require a large workforce,
and a shortage can lead to significant delays. Local labor market conditions and
competition from other projects can exacerbate this issue.
2.
Lack of Skilled Workers
: Specialized tasks in mega projects demand skilled
labor. A deficiency in skilled workers can compromise the quality of work and lead
to increased training costs and time.
3.
Lack of Properly Trained On-site Supervision
: Effective leadership is crucial
for mega projects. Inadequate supervision can result in mismanagement, safety
issues, and subpar performance.
4.
Lack of Raw Materials
: Mega projects consume massive amounts of materials.
Any disruption in the supply chain can halt progress and inflate costs due to the
need for expedited shipping or sourcing from alternative suppliers.
Critical success factors necessary for the success of mega
•
Training in project management
•
Rules and procedures clearly defined.
•
Communications at all levels
•
Quality front-end planning
projects
Question 3:
Performance measurement in project management evaluates two primary aspects.
Which of the following are these aspects?
a) Time and scope
b)
Business results and managerial performance
c) Employee morale and budget compliance
d) Project initiation and closure
Question 4:
What is a key feature of mega projects that sets them apart from smaller projects?
a) Smaller workforce requirements
b) Limited organizational restructuring needs
c) Greater use of matrix organizational forms
d)
Enormous scale and complexity
Question 5:
In a morality issue scenario at the workplace, if you are asked to cover up acts of
embezzlement or misuse of funds, what ethical principle should you consider?
a)
Truthfulness and transparency
b) Protecting company reputation
c) Compliance with company policies
d) Respecting personal boundaries
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