You have been hired by a contractor, who wants you to manage a construction project for one of their clients. The project team has been working for two months, and is 35% done with the job. Two of your team members come to you with a conflict about how to handle the ongoing maintenance for a piece of equipment. You know that they can safely ignore the problem for a while, and you’re concerned that if your project falls behind schedule before next week’s stakeholder meeting, it will cause problems in the future. You tell the two team members that the problem really isn’t as bad as they think it is, and if they take a few days to cool off about it you’ll help them with a solution. This approach to conflict resolution is known as ______. A. Withdrawal B. Compromise C. Smoothing D. Forcing You are a project manager for a software project. As you are defining the scope of the work you need to do, you sit down with all of the project’s stakeholders and record all of the requirements you can get from them. Which of the following is NOT a valid requirement from stakeholder analysis? A. There can be no more than 5% schedule variance on the project B. The quality of the product must fit within organizational metrics for software quality C. The budget must be within 10% of our projected cost D. The work the team does must be better than they did on their last project
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 have been hired by a contractor, who wants you to manage a construction
project for one of their clients. The project team has been working for two
months, and is 35% done with the job. Two of your team members come to
you with a conflict about how to handle the ongoing maintenance for a piece
of equipment. You know that they can safely ignore the problem for a while,
and you’re concerned that if your project falls behind
week’s stakeholder meeting, it will cause problems in the future. You tell the
two team members that the problem really isn’t as bad as they think it is, and
if they take a few days to cool off about it you’ll help them with a solution.
This approach to conflict resolution is known as ______.
A. Withdrawal
B. Compromise
C. Smoothing
D. Forcing
You are a project manager for a software project. As you are defining the
scope of the work you need to do, you sit down with all of the project’s
stakeholders and record all of the requirements you can get from them.
Which of the following is NOT a valid requirement from stakeholder
analysis?
A. There can be no more than 5% schedule variance on the project
B. The quality of the product must fit within organizational metrics for software
quality
C. The budget must be within 10% of our projected cost
D. The work the team does must be better than they did on their last project
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