Question 5.a) (i) Provide a diagram indicating total effort against time for a project lifecycle with four phases(ii) Suggest two tasks which would be carried out in each of the four phases.b) Before any project can go ahead, the interests of stakeholders must beconsidered and managed. Who are these stakeholders and how would youidentify and manage their interests?c) (i) A company manufactures a component which it sells for £100. The variablecost associated with its manufacture is £52 per component. Fixed costsallocated total £384,000. Determine how many components the company needsto sell to break even (i.e. to cover the sum of fixed and variable costs).(ii) Plot a graph which shows the break-even point in terms of the number ofcomponents produced.

Honor code: Since you have posted a question with multiple sub-parts, we will solve the first three…

Answered: ) (i) Provide a diagram indicating…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Once a new consultant has agreed to join the project team, a contract for the procurement ofhis services would have to be drawn-up.Identify which type of contract you would favour, assumingthat you are looking to protect the project and the project team from as much risk aspossible.
Managing risk in project is the responsibilities of all stakeholders. Althoughthe potential risk cannot be eliminated, however, the potential risks to happen can be minimized and reduced. In organization, risks can come from all aspects such as business, technical, market, program, or other types of risks. 1. Describe TWO types of analysis processes conducted in performing risk analysis and management.2. List and discuss any THREE types of risk components that can be used to classify the severity level of risk categories. 3. Evaluate how organizations identify, manage, and minimize risks by adopting the use of risk register table?
Project management tools and techniques........................ Are used to select the appropriate and potential projects. Assist project managers and their teams in carrying out works in all 10 knowledge areas. Are mathematical models used to describe the progress of a project. Are used to understand the enterprise environmental assets
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1. List and explain the phases that mark the life of a project 2. For each project phase identified in 1(a) above, describe at least four (4) projectactivities/processes performed in the phase. 3. With the use of a diagram, show (illustrate) the typical levels of uncertainty or projectrisks associated with each phase and throughout a project. 4. With the use of a diagram, show (illustrate) the typical levels of project staffingrelated to each phase and throughout a project 5. For each project phase identified in 1(a) above, identify and describe at least one (1)major deliverable (output) of the phase. please answer number 4 and 5
Case: Friendly Assisted Living Facility-3 (pg.104) Q1: Define the deliverables for this project Q2: Define the constraints and assumptions for this project Q3: Develop a preliminary Level 1 WBS Q4: Develop a RACI matrix for this project based on the level 1 WBS Q5: Would a Project Charter have been useful here? Explain. C A S E Friendly Assisted Living Facility-3 Continuing with the ALF Steering Committee meeting Fred led a discussion of all the major steps that must be included in the project plan, and inked each team member to identify the areas for which they would accept responsi bility. The hospital's Construction Project Manager took responsibility for the constructions of the facility, and the COO volunteered to oversee the building design, as well as define the needs for food services, housekeeping, staff ing, and policy and procedure development. The CFO agreed to develoys the budgets for each area of the project as well as the operating budget for the facility.…
project is on mercedes benz What do you foresee as the next steps the organization will need to make to move this project forward in the short term? What about the long term? What will be the major challenges and opportunities moving forward? What are the managerial implications for integrating/not going forward with your proposal? Specifically to the SDGs, which should be of concern to the firm/organization and why?
7: According to project management, summarize the project life cycle. 8: Explain the contents of a project charter.
To what extent can “organizational policy documents” which are major process asserts contribute to enhance effective delivery of a project you have been tasked to manage?
Page 3 of 5You have recently gained your APM Risk qualification and have been asked to join the University’s project team on a consultancy basis to help implement a robust riskmanagement process on the project.Section A Questionsa) List 5 Stakeholders in the projectb) State the main objectives and success criteria for the project.c) Prepare a draft risk management plan, completing all relevant sections with information obtained from the case study. Marks will be awarded according to the following scheme:i.Introductionii.Project Description iii.Purpose and Scope of Risk Managementiv.Risk Management Organisation v.Risk Management Process vi.Key deliverables d) State 5 risks that may occur on this project. Ensure that risks are stated using the formatcause – risk event – effect. e) For 2 (two) of the stated risks State who (in your opinion) the potential owner would be Explain (again in your opinion) what could be done to respond to the risk  State (in your opinion) what would be the…
Integrated Project Planning and Management CycleIPPMC
Identify at least two (2) other critical issues that the project management team might faced inexecuting, monitoring, and controlling project work and discuss the strategies used toeffectively manage these issues for a sport programme

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