Project risk management involves:O A. Analogous estimating, bottom-up estimating and parametric modellingO B. Cost estimating, cost budgeting and cost controlO C. Risk identification, contingency budgeting and contracts managementO D. Net present value, return on investment and payback analysis

Project risk management involves: OA. Analogous estimating, bottom-up estimating and parametric…

Answered: Project risk management involves: O A.…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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1. Compare project management information systems (PMIS) and enterprise resource planning (ERP)
4. Using a discounted rate of 12 percent, INITIAL COST NET CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 PROJECT A (BROILER) K100,000 (20,000) 10,000 40.000 40.000 150.000 PROJECT B (LAYERS) K100,000 33,000 33,000 33,000 33,000 33,000 a. Determine the net present value of project A and B b. Calculate the IRR on mutually exclusive investment of project A and B. C. Which project must the farm undertake and why?
Risk management involves identification, assessment, control, and response to project risks to minimize the likelihood of occurrence and/or potential impact of adverse events on the accomplishment of the project objective. Risk identification includes determining which risks may adversely affect the project objective and estimating what the potential impacts of each risk might be if they occur. Describe the steps involved to manage risk on a project. How can a risk assessment matrix help in this process? What risks for a project have the highest priority? Does the priority for a risk change as the project progress?
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Project Managers are often required to report on the conduct of their projects. The reporting is usually done at regular intervals, such as weekly status reports to the project Sponsor, monthly reports to the executive team on some sort of dashboard, and perhaps to the project team at major milestones. Create a table that displays the requirements and advantages of status reporting for each of the following roles: â€¢ Board of directors â€¢ Executive sponsor â€¢ Business partner â€¢ Project manager â€¢ Team leads â€¢ Project management Trainer â€¢ Key vendor â€¢ Stockholder. APA references
Montgomery Healthcare System is a health system that has 14 hospitals and 32 outpatient clinics. The leader is responsible for working with a team of health professionals to improve clinical errors, compile reports, implement evidence based management practices, and collaborate to provide training to health professionals at all levels. The leader is working with an interdisciplinary team of various specialties, backgrounds, and personalities. This is a high visibility project as the CEO wants weekly reports on progress based on the outcomes. Unfortunately there are a few team members that do not get along and it is challenging to get these professionals to work together to achieve the goals defined. Please remember to write from a 3rd person perspective and use references to support ideas, assumptions, and answers for this analysis. Thank you! Please write a paper describing the following: Who's on the team? Define team roles? What is the actual interpersonal conflict? How…
The options presented to CGC are the following: (Select all that Apply) A. Engage in a relatively modest renovation of the property. B. Undertake a major renovation of the casino to transform it from a second-tier operation into one of the top gambling operations in the area. C. Invest in a newer casino in Gulf Shores, AL. D. Do nothing. E. Shut down the operations of the casino entirely. F. Shut down the operations of the casino and move to another area of the country that allows casinos but which is less prone to hurricane damage.
The chart below shows the initial investment and expected yearly payback for Project A and Project B Project A Project B Initial Investment $ 300,000 $ 450,000 Expected Yearly PayBack $ 45,000 $ 90,000 For Project A, There has been a change in the expected yearly payback. Years 1 and 2 – you are expecting $45,000 each year. For the next three years, you are expecting $70,000 each year. What would be the average ROI for this alternative?
1.Analyse the significance of gearing and insolvency for project cost management
Slove the quation: Tony and his team identified some risks during the first month of the Recreation and Wellness Intranet Project. However, all they did was document the risks in a list. They never ranked the risks or developed any response strategies. Because the project has had several problems, such as key team members leaving the company, users being uncooperative, and team members not providing good status information. Tony has decided to be more proactive in managing risks. He also wants to address positive risks as well as negative risks. The quation is ; Develop a response strategy for one of the negative risks and one of the positive risks. Enter the information in the risk register.
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Most projects will employ bottom-up estimating at some point to serve as a basis for estimating cash flow needs and for controlling the project. true or false?

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Project risk management involves: O A. Analogous estimating, bottom-up estimating and parametric modelling O B. Cost estimating, cost budgeting and cost control O C. Risk identification, contingency budgeting and contracts management O D. Net present value, return on investment and payback analysis