SECTION B [20 MARKS] TRUE OR FALSE QUESTIONS Each question carries 1 (ONE) mark 1. A lack of readily available engineers is a technical constraint. 2. Scheduling time- constrained projects focuses on resource utilization. 3. Managers have several effective methods for crashing specific project activities when resources are not constrained. 4. The total cost for each possible duration of a project is the sum of labor, materials, and equipment. 5. The sum of the costs of all the work packages represents the total direct costs for the project. 6. The cost slope of an activity is calculated by dividing the run by the rise. 7. The performing stage of team development is characterized by the development of close relationships and group cohesiveness. 8. Milestones are significant project events that mark major accomplishments. 9. Earned value is calculated by taking the percent complete times the original budget. 10. A CPI index of 0.97 indicates that the project has spent less money than budgeted. 11. Statements of project scope are sometimes referred to as Statements of Work or Proiect Chartere

SECTION B [20 MARKS] TRUE OR FALSE QUESTIONS Each question carries 1 (ONE) mark 1. A lack of readily available engineers is a technical constraint. 2. Scheduling time- constrained projects focuses on resource utilization. 3. Managers have several effective methods for crashing specific project activities when resources are not constrained. 4. The total cost for each possible duration of a project is the sum of labor, materials, and equipment. 5. The sum of the costs of all the work packages represents the total direct costs for the project. 6. The cost slope of an activity is calculated by dividing the run by the rise. 7. The performing stage of team development is characterized by the development of close relationships and group cohesiveness. 8. Milestones are significant project events that mark major accomplishments. 9. Earned value is calculated by taking the percent complete times the original budget. 10. A CPI index of 0.97 indicates that the project has spent less money than budgeted. 11. Statements of project scope are sometimes referred to as Statements of Work or Proiect Chartere

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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8. Which of the following is NOT likely to occur after crashing a project activity? A. More risk associated with the project B. Less risk associated with the project
4. Which of the following is not a stakeholder? A. The project manager who is responsible for building the project B. A project team member who will work on the project C. A customer who will use the final product D. A competitor whose company will lose business because of the product
2.1. Actual project costs are determined by keeping track of the amount of actual cost expended and committed costs. Discuss the tools that a project manager could use to keep track of actual costs on a project 2.2. List and explain the measures that are used to analyse cost performance on a project 2.3. Discuss the measures that a project manager should take when project costs are exceeding the budget
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You are the project manager of the BTU AVIC project in Bolgatanga. As a result of the ongoing pandemic, you are responsible to ensure the project does not overly delay among other objectives. Required:a. Discuss five strategies for reducing the critical path of the BTU AVIC project.b. Explain five ways you can resolve the problem of resource allocation on the project. c. Using the Four-Stage Process of risk management discuss how risks could be managed on the ongoing BTU AVIC project. Identify three potential categories of team conflicts and how you will resolve such conflicts
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Project scope (Per Chapter 4, this should be more detailed than the proposal scope)a. Project Objectivesb. Customer Requirementsc. Project Statement of Work (Tasks)d. Project Deliverablese. Project Acceptance/Success Criteria2. Provide Estimated Number of Workers Needed to Complete Project and their responsibilitiesa. Develop fictional people with professions needed to complete the project3. Provide a Task List/Work Breakdown Structure to divide the project into piecesa. Use graphical structure from pages 114-115 in text 4. Provide a Network Diagram for your project with estimated activity durations for each step. 5. Using a Project Schedule similar to page 161 in the text, provide a schedule for the project if wewere to start on June 1st, i.e. estimated time to completion and time to complete various tasksa. Need Earliest Start/Finish and Latest Start/Finish Calculations, and Slackb. Identify the Critical Path in your project6. Provide any risks that your team believes the…
Which of the following best explains the reason for planning processes and activities in project management? O a. Adhere to the project management processes forwarded by the Project Management Institute (PMI). O b. Demonstrate your knowledge and skills as a project manager O c. Satisfy the sponsor's and key stakeholders' requirements O d. Provide a roadmap for project execution, and monitoring and reporting of project progress.
Paragraph Styles Editing If the annual demand is reduced to 9,000 units, the set-up costs increased to $110, inventory carrying cost increased to $0.60 per unit per year and the demand during the production period is maintained at 60 units per day and 80 units can be manufactured daily, calculate: A) ) The optimum production quantity (Q*) per production run (or per production lot). B) The length of each production run. C) The number of production runs per year. ictions: On acer % &