You are working as a project manager. Three team members have been assigned to you for a new project. You need to deliver a porotype for the project within a month. You assign week-wise tasks to the team, ensuring that each weekend they have met their weekly deadlines. The last week comes and around Thursday, you realize that few things that should've been completed a couple of weeks back are still to be done. The tasks were small so you did not pay much attention to them then. But now, though small, if they are missed, it may have a huge impact on the final product. You call a meeting and want to know what happened. All three team members claim that you only gave them their weekly deadlines and that they had no idea that the prototype was to be delivered this month end. You may miss the deadline, although you can send the prototype indicating the small things that have been missed as known bugs. What do you do? Select one a There is nothing you can do now. Ask everyone to work extra hard and they better get this done in time of you make sure that they get a red dot in their quarter reviews b. Try and salvage the situation. Start working with the team and try and get some extra help if required. Try your best to not tell the client that you may miss the deadline. You can apologies later if you do miss it c.Write everyone a strict mail about missing their weekly deadlines, telling them how it will cost the company a major client. Be sure to CC the HR d. Ensure that everyone is clear about the final deadline in the future. For now, apologies and try and ask for a day's extension. Maybe if you start working non-stop an diligently now. you will meet the deadline and not need that extra day after all, pleasantly surprising the client
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
You are working as a project manager. Three team members have been assigned to you for a new project. You need to deliver a porotype for the project within a month. You assign week-wise tasks to the team, ensuring that each weekend they have met their weekly deadlines. The last week comes and around Thursday, you realize that few things that should've been completed a couple of weeks back are still to be done. The tasks were small so you did not pay much attention to them then. But now, though small, if they are missed, it may have a huge impact on the final product. You call a meeting and want to know what happened. All three team members claim that you only gave them their weekly deadlines and that they had no idea that the prototype was to be delivered this month end. You may miss the deadline, although you can send the prototype indicating the small things that have been missed as known bugs. What do you do?
Select one
a There is nothing you can do now. Ask everyone to work extra hard and they better get this done in time of you make sure that they get a red dot in their quarter reviews
b. Try and salvage the situation. Start working with the team and try and get some extra help if required.
Try your best to not tell the client that you may miss the deadline. You can apologies later if you do miss it
c.Write everyone a strict mail about missing their weekly deadlines, telling them how it will cost the company a major client. Be sure to CC the HR
d. Ensure that everyone is clear about the final deadline in the future. For now, apologies and try and ask for a day's extension. Maybe if you start working non-stop an diligently now. you will meet the deadline and not need that extra day after all, pleasantly surprising the client
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