What is portfolio management? O A. The management of projects or programmes and other work with a common strategic business purpose O B. The management of projects exploiting synergies across projects in order to reduce overall costs O C. The application of knowledge, skills, tools and techniques to satisfy stakeholder expectations from a project. O D. Defining all work that needs to be done to achieve all project deliverables

What is portfolio management? O A. The management of projects or programmes and other work with a common strategic business purpose O B. The management of projects exploiting synergies across projects in order to reduce overall costs O C. The application of knowledge, skills, tools and techniques to satisfy stakeholder expectations from a project. O D. Defining all work that needs to be done to achieve all project deliverables

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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All of the following represent the purpose of the project schedule BEFORE the project starts, EXCEPT: (multiple answers can be picked) To create 'what-if' scenarios to analyze alternatives To force detailed thinking To identify the critical path To identify the needed resources To identify who needs to do what and when To keep track of the budget for the project To show the project status To establish the timeframe and organize activities 0000000
Why a well thought out project plan and schedule is important for a successful project? a. It will form the basis for measurement as the project proceeds b. It provides the basis of documentation going forward c. All of them d. It provides the bench mark to monitor progress going forward
If partway through the project we discover that more money has actually been spent to that point than was planned: we do not know if the situation is good or bad until we examine earned value we know the project is in trouble because there is a cost overrun we know we are ahead of schedule on the project we know the project is in trouble because there is a budget shortfall we should attempt to convince management to cancel the project immediately
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A_ is a group of related projects grouped together to facilitate effective management of their work to meet business objectives. O a. Project plan O b. Programme O c. Mega Project O d. Strategy
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…
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How would you go about planning and implementing a sustainable project of installation of Solar Panels within an organization using the following business case format: 1. Introduction/Background 2. Project Overview 2.1. Vision 2.2. The Programme 3. Activities and Outcomes 4. The Business Case 4.1. Purpose 4.2. Implementation
Hello I am having trouble with these two study questions for my software class. Please let me know if you can help me out. Thanks. Programmer's are overly optimistic when they estimate how long activities will take. True False Recording lessons learned from past projects is not a good source of information for estimating current projects because all projects are different. True False
THIRTEEN. On projects with a low complexity profile, _____. the process for evaluating risk is more formal with risk assessment meetings held during the life of the project to assess risks at different phases of the project an outside expert may be included in the risk assessment process and the risk assessment plan may take a more prominent role in the project execution plan the project management team may develop a list of items perceived to be higher risk and track them during project reviews the project manager may informally track items that may be considered risk items statistical models are sometimes used to evaluate risk because there are too many different possible combinations of risks to calculate them one at a time