PROJECT MANAGEMENT EXPERTS assignment 8

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Question 2

Explain what the advantages and disadvantages of outsourcing are. Then explain what are some of the best practices for outsourcing.  

Question 3

Identify the three major categories of project costs and give an example of each.

Question 4

In your opinion, what are some of the challenges to managing a virtual team. 

Question 5

Look back at a recently completed group project that you have been in. Explain what the project was and who the team members were. Then analyze the development of the team. Next, analyze how effectively the group managed meetings. Finally, explain what you would do differently to improve the team and the project outcome.

Question 6

The following data was collected for a project:

Task

Duration

Predecessors

A

6

None

B

12

None

C

8

A

D

4

A

E

6

B

F

4

C, G

G

8

D, E

H

2

D,E

I

10

D, E

A) Calculate the scheduled completion time and identify the critical path. (5 Points)

B) What is the slack time for tasks B, C, and D? (5 points)

Question 7

The following data were obtained from a project to expand a warehouse: 

Activity

Duration

Predecessors

Resources/cost

A

2 weeks

--

1 Excavator/$800 

day 

B

3 weeks

--

1 Excavator/$800 

day 

C

2 weeks

--

1 Concrete 

Mixer/$250 day 

D

3 weeks

A

1 Crane/$1,000 day

E

2 weeks

C

1 High-lift/$500 

day 

F

1 week

  B,D

1 Crane/$1,000 day

The contractor has only one machine of each type available at the above costs, and operations cannot be split. Additional equipment can be rented at a 50% cost premium if needed. 

a.

Identify any resource conflicts in the above project. State 

the activities involved, the time frame of the conflict(s), the resources in conflict and the quantity of resource involved. 

b.

What is the least cost method of resolving the conflict(s), 

assuming the project duration must not be extended? What additional cost, if any, will be incurred? (Note that the job is operating a standard 5 day week). 

Question 8

What do we mean when we say that a project network is sensitive and why is that important to a project manager?

Question 9

What is meant by a work breakdown structure and how does it help manage projects?

Question 10

What is scope creep and why should a project manager be concerned about it?

Question 11

Which of the eight traits/skills associated with being an effective project manageris the most important to you and why?What do you think is the least important and why?