Questions from General Project Management

Q: 1. The cost per square foot for the units is given

1. The cost per square foot for the units is given in the text together with its standard deviation. What other areas of cost or revenue are likely to have cost uncertainty? 2. How would you suggest...

Q: Construct a WBS for the project in Question 3.5.

Construct a WBS for the project in Question 3.5.

Q: 1. What is the expected value of the project?

1. What is the expected value of the project? 2. Simulate this project 1000 times and compute the average profit over the 1000 replications. Plot a histogram of the outcomes of the 100 replications. 3...

Q: If you were the President, how would you handle this problem

If you were the President, how would you handle this problem?

Q: What should the CFOP do?

What should the CFOP do?

Q: 1. What do you think Alex should show to his boss

1. What do you think Alex should show to his boss, so that the boss would feel more comfortable letting Alex determine and monitor the project’s budget? 2. What should Alex say to persuade his boss?

Q: Consider one or more projects (from this course or elsewhere)

Consider one or more projects (from this course or elsewhere) that you understand reasonably well. Identify situations where information learned from a later task of the project becomes important to a...

Q: Consider the differences between Agile Project Management and the traditional waterfall approach

Consider the differences between Agile Project Management and the traditional waterfall approach summarized in Table 3-4. Which practices associated with the APM approach do you see as having the grea...

Q: Given the tendency of accountants to allocate a project’s estimated costs evenly

Given the tendency of accountants to allocate a project’s estimated costs evenly over the duration of the task, what danger might this pose for a project manager who faces the following situation? The...

Q: 1. What do you think the construction project manager should have

1. What do you think the construction project manager should have done when the Director of Security stopped attending the project meetings? 2. Do you think it is an effective communications tool to s...