Course: Project management Part 2:A. Identify the three major criteria (trade-offs) a project manager must consider inestablishing priorities in project management. List the three criteria and explainone of them.B. identify two conditions to choose between the Top-down and Bottom-upapproaches to estimate time and cost of projects.C. Identify two sources of risks, a good project manager should take intoconsideration in preparation for project managementD. List four (4) qualities of an Effective Project Manager

A) Project management can be broadly defined as the process of achieving the objectives and applying…

Answered: Part 2: A. Identify the three major…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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(c) Illustrate with suitable examples, the COCOMO I and II model of project management.
Page 3 of 5You have recently gained your APM Risk qualification and have been asked to join the University’s project team on a consultancy basis to help implement a robust riskmanagement process on the project.Section A Questionsa) List 5 Stakeholders in the projectb) State the main objectives and success criteria for the project.c) Prepare a draft risk management plan, completing all relevant sections with information obtained from the case study. Marks will be awarded according to the following scheme:i.Introductionii.Project Description iii.Purpose and Scope of Risk Managementiv.Risk Management Organisation v.Risk Management Process vi.Key deliverables d) State 5 risks that may occur on this project. Ensure that risks are stated using the formatcause – risk event – effect. e) For 2 (two) of the stated risks State who (in your opinion) the potential owner would be Explain (again in your opinion) what could be done to respond to the risk  State (in your opinion) what would be the…
a) What is the purpose of planning in project management and what might it entail?
(a) What are the 4 phases in project management? What are to be done in each phase? (b) How to develop baseline plans?
answer only question 3 and 4 1) List and explain the phases that mark the life of a project 2) For each project phase identified in 1(a) above, describe at least four (4) project activities/processes performed in the phase. 3) With the use of a diagram, show (illustrate) the typical levels of uncertainty or project risks associated with each phase and throughout a project. 4) With the use of a diagram, show (illustrate) the typical levels of project staffing related to each phase and throughout a project. 5) For each project phase identified in 1(a) above, identify and describe at least one (1) major deliverable (output) of the phase.
1. Analyze the cost variance metric, and include the equation and what the acronyms stand for. 1. Describe one project software program that could help a project manager control costs.
7. The Custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects. Below are five projects under consideration. a. Using the scoring matrix in the following chart, which project would you rate highest? Lowest? b. If the weight for "Strong Sponsor" is changed from 2.0 to 5.0, will the project selection change? What are the three highest weighted project scores with this new weight? c. Why is it important that the weights mirror critical strategic factors?
What are ten (10) roles of the project manager
Project selection criteria are typically classified as _? Select one: a. Short-term and long-term b. Strategic and tactical c. Financial and non-financial O d. Required and optional
Project Scope Management Khan, (2006) (see below) states that, "Managing the scope of a project is the most important function of a project manager ... Effective scope management of a project also ensures the success of key completion areas, including time, cost, and quality. Project scope management can be further subdivided into its components which include: project initiation, scope planning, scope definition, scope verification, and scope change control." Based on your Integrated Project: Select two of the subdivisions above and discuss the primary issues that could arise from the process. Your response should begin with a definition of the selected subdivision before detailing the selected process
Case: Friendly Assisted Living Facility-3 (pg.104) Q1: Define the deliverables for this project Q2: Define the constraints and assumptions for this project Q3: Develop a preliminary Level 1 WBS Q4: Develop a RACI matrix for this project based on the level 1 WBS Q5: Would a Project Charter have been useful here? Explain. C A S E Friendly Assisted Living Facility-3 Continuing with the ALF Steering Committee meeting Fred led a discussion of all the major steps that must be included in the project plan, and inked each team member to identify the areas for which they would accept responsi bility. The hospital's Construction Project Manager took responsibility for the constructions of the facility, and the COO volunteered to oversee the building design, as well as define the needs for food services, housekeeping, staff ing, and policy and procedure development. The CFO agreed to develoys the budgets for each area of the project as well as the operating budget for the facility.…
1. There are many criteria to measure project success: the objectives of the triple constraint (scope, cost, & schedule), project efficiency, impact on customer, impact on the organization, etc. Which of these project success criteria do you think is the most important, and why? f th

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