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project management method
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- the Project Management describes a structured approach to managing time, projects, resources, schedules, risks and other business aspects. It includes the following five stages: Initiating – assessing and defining the scope and goals of the project. Planning – developing a workflow, establishing a more detailed scope, allocating resources and building timetables.1. Imagine that you have been assigned to a team that will be developing an inventory tracking system. As part of the project startup, your manager has asked each team leader to bring a basic work plan to the next meeting. At that meeting, these work plans will be analyzed to determine the overall project timeframe, costs, personnel requirements and software requirements. For now, as the team leader for the data design team, you have been asked to bring a work plan that identifies the phases of data design and includes the following information for each phase:i). a description of the data design phase,ii). the inputs of the phase,iii). the outputs of the phase,iv). a key issue addressed in the phasev). a challenge that you can anticipate would occur in the phase.Please prepare the response you will bring to the meeting. vi) . UPS prides itself on having up-to-date information on the processing and current location of each shipped item. To do this, UPS relies on a company-wide…A project management student was trying to explain how projects differ from operations and came up with the following list of characteristics. Which of these listed characteristics describes an operation? O A. Definite beginning and end O B. Repeats itself every month O C. Temporary OD. Interrelated activities
- Work Breakdown Structure goals should be communicated to the audience (WBS). Should you follow your SDLC while managing a software project?Create a graphical format Work Breakdown Structure (WBS) based on the project information below. The name in brackets is the name of a resource/team member responsible for the activity. The activities indicating “completed” are phases and/or work packages. PROJECT INFORMATION Project Title: Construction of a house (Bheka) Level 1: Design (Jim) • “Permits” are completed (Thulani) • “Drawings” are completed (James) Level 2: Construction (Nokubonga) • “Building” is completed (Neetu) • “Interior” is completed under “Building” (Suzan) • “Exterior” is completed under “Building” (Steve) • “Inspection” is completed (Nadia).You have just been assigned as the project manager for an ongoing project in your company. You have discovered there is no Work Breakdown Structure (WBS) which is a project management tool showing a hierarchical decomposition of the work to be executed by the project team to accomplish the project objectives. When you talked to your project sponsor about the issue, he told you that nobody in the company even knows what a Work Breakdown Structure is or what purpose it serves. He also told you that the company has executed numerous projects in the past without ever using a Work breakdown structure. However, he asked you to prepare one just in case it is really a necessary project tool. A) Using a hypothetical project in the mentioned company, prepare a Work Breakdown Structure for presentation to your sponsor.. B) Discuss the characteristics of an effective WBS and the importance of applying it to the project management cycle.
- b) Assuming that each task is started as soon as possible, construct the corresponding resource loading diagram for the project. c) How would you rearrange the timing of project activities to reduce the fluctuation in resource demand? Assume that the overall project duration cannot be extended. Remember that the specified precedence relationships must be maintained. d) If there are only 20 workers available for the project, how would you assign workers to tasks to ensure that the project can be completed without violating the resource limit? In this case, the project duration may be extended if necessary (but without violating precedence relationships). e) Given the results from (c) and (d) above, what recommendations would you make to senior management regarding the staffing of this project, and why?What does Goldratt's Critical Chain explain? Select one: a. Theory of Constraints for better management of scope and development of more realistic work breakdown structures b. The principal foundation on the critical path method which is the longest path from start to finish, it indicates the minimum time required to complete the project. c. All of the above d. The principal foundation on the critical path method which is the longest path from start to finish, it indicates the maximum time required to complete the project. e. The Theory of Constraints for better management of schedules through fixing of bottlenecks in order to improve the throughput of overall system. This was the foundation to Critical Chain Project Management Method.when discussing processes related to Project Execution, the ISO 10006 stabdard splits this category into different project groups. Which of the following is not one of these subcategories? a. Human resource-related processes b. Procurement processes c. Time related processes d. risk-related process
- John, Jack and Jill are project managers for Jusco Company. All three of them lead their own team, with two supervisors working under them. John’s team has 10 members, Jack has 8 members in his team and Jill has 11 members under his care. Both John and Jack completed their projects on time with the same amount of allocated budgets from top managers. But Jill didn’t manage to complete the project on time this time round. (i) Assuming all three projects have the same scale in terms of size, quality,and complexity, what can we conclude about the effectiveness and efficiency of these three project managers based on the informationabove? Justify your answers PLEASE PROVIDE CLEAR EXPLANATION THANK YOU , THIS TOPIC IS UNDER EVOLUTION OF FUNDAMENTAL MANAGEMENT THEORIESBaseline project budgets are derived from The organization's overall budget Time-phasing the cost of work packages The earned value system The total direct, direct project overhead and G&A overhead costsa) Explain, with a simple example, such as the one which you produced in the seminars, what is meant by a Work Breakdown Structure (WBS) and show how it contributes to the management of projects. Distinguish between Product Based and Function Based Work Breakdown Structures and include in your answer a reference to Work Packages.