IT-270 network management
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Deadline: Day 07/02/2019 @ 23:59
IT Project Management
IT270
College of Computing and Informatics
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Question OneLearning Outcome(s):
LO1: Understand the job roles of an IT project manager.
LO2: Recognize the key issues during the IT project management procedures and describe the best practices in IT project management processes.
2 Marks
Recall the following diagram of the Project Management Framework discussed during Week 1. Refer to the PMBOK Guide 2013 (Fifth Edition) and discuss the changes to this Framework in terms of newly introduced knowledge area(s) and processes.
Ans.
The first noticeable change is the adding of stakeholder management in the 5th edition PMBOK Guide 5 to the knowledge areas.
Now knowledge areas in 5th edition are 10 instead of 9 in 4th edition.
The stages are still 5 process groups in both editions.
But the processes became 47 processes in 5th edition instead of 42 in 4th edition as follows:
The PMBOK 5th edition compared with 4th edition adds and renamed 6 processes to plan the management of knowledge areas, and introduces two new controlling processes (Control communications, Control Stakeholder management).
Also, merges two processes (Distribute information and report performance) into a repositioned process (Manage Communications).
Also, reallocates two processes in the new stakeholder Knowledge area.
This changes causes the processes to be 47 processes instead of 42.
https://www.trainning.com.br/download/comparando-pmbok-4-e-5-edicao.pdf
Question Two
Learning Outcome(s):
LO1: Explain the job roles of an IT project manager.
LO2: Recognize the key issues during the IT project management procedures and describe the best practices in IT project management processes.
1 Mark
Portfolio management, program management, project management and organizational project management are regarded as important disciplines associated with the area of modern project management. Discuss relationships among these disciplines by recognizing their
Ans.
Project management is “the application of knowledge, skills, tools and techniques to project activities to meet project requirements” (PMBOK® Guide, Fourth Edition, 2008, p. 6)
Every project has a project manager who strive to meet the triple constraint by balancing project scope, time, and cost goals.
A program management is “a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually” (PMBOK® Guide, Fourth Edition, 2008, p. 9)
A program manager provides leadership and direction for the project managers heading the projects within the program.
Examples of common programs in the IT field include infrastructure, applications development, and user support.
project portfolio management is where organizations group and manage projects and programs as a portfolio of investments that contribute to the entire enterprise’s success.
Every portfolio has Portfolio manager who helps his organization make wise investment decisions by helping to select and analyze projects from a strategic perspective.
Question Three
Learning Outcome(s):
LO2: Recognize the key issues during the IT project management procedures and describe the best practices in IT project management processes.
2 Mark
Given the following information about a project XY:
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Discount Rate |
10% |
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Year 0 |
Year 1 |
Year 2 |
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Total |
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Costs |
200,000 |
200,000 |
200,000 |
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Discount factor |
? |
? |
? |
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Discounted costs |
? |
? |
? |
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? |
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Benefits |
60,000 |
24,000 |
36,000 |
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Discount factor |
? |
? |
? |
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Discounted benefits |
? |
? |
? |
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a. Fill the missing values in the above table.
b. Calculate NPV and ROI.
c. Do you think that this project is acceptable? Explain WHY?
NOTE: Use the first two decimal digit for Discount factor (i.e. if the value of D.f= 0.359, then use D.f= 0.35)
Ans.
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Discount Rate |
10% |
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Year 0 |
Year 1 |
Year 2 |
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Total |
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Costs |
200,000 |
200,000 |
200,000 |
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Discount factor |
1 |
0.91 |
0.83 |
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Discounted costs |
200,000 |
182,000 |
166,000 |
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548,000 |
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Benefits |
60,000 |
24,000 |
36,000 |
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Discount factor |
1 |
0.91 |
0.83 |
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Discounted benefits |
60,000 |
21,840 |
29,880 |
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111,720 |
Fill the missing values in the above table:
The formula for the discount factor is 1/(1 + r)t where r is the discount rate, such as 10 percent, and t is the year.
Year 0: discount factor = 1 / (1+ 0.10)0 = 1
Year 1: discount factor = 1 / (1+ 0.10)1 = 0.91
Year 2: discount factor = 1 / (1+ 0.10)2 = 0.83
After determining the discount factor each year, multiply the costs and benefits each year by the appropriate discount factor to produce the discounted costs.
ROI = (total discounted benefits - total discounted costs) / total discounted costs
ROI = (111,720 - 548,000)/ 548,000 = 80 % approx.
NPV = Total of Discounted benefits - Total of Discounted costs = -436,280
Do you think that this project is acceptable? Explain WHY?
No, project is not acceptable because NPV is negative so there is a financial loss.
