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- Do make sure you answer all the three as I am aware of your guidelines and also, all the questions lies under the same concept, thank you in advance. A. Identify the three major criteria (trade-offs) a project manager must consider in establishing priorities in project management. List the three criteria and explain one of them. B. identify two conditions to choose between the Top-down and Bottom-up approaches to estimate time and cost of projects. C. Identify two sources of risks, a good project manager should take into consideration in preparation for project management.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 th2.- Why is it important to have multidisciplinary teams in project planning teams? Explain extensively your answer
- A project manager is in charge of a project, and while they agree that a 60-hour work week is unsustainable, they still desire for the project team to be effective. They should anticipate stress from a client or sponsor on a regular basis, to continue their projects within schedule and budget constraints while not compromising scope or quality. How can a project manager keep the project team active while avoiding excessive overtime? Select three of the following project management tactics —the three which may be the best choices for increasing project team efficiency. a. Trying to appeal to group members' higher-order needs (self-actualization & esteem)b. Projects and individuals should set S.M.A.R.T. targets.c. Getting the staff to believe that the consumer is always correct.d. Team members' psychological profiles (MBTI) are used to fit them to tasks.e. Keeping track of workflow with Kanbanf. Using team velocity as a predictor of efficiencyg. Brooks' Law is being used in every…Q You have been asked to select between three projects. Project A has a netpresent value of $54,750 and will take six months to complete. Project B hasa net present value of $85,100 and will take two years to complete. ProjectC has a net present value of $15,000 and a benefit-cost ratio of 5:2. Whichproject should you choose?A. Project AB. Project BC. Project CD. There is not enough information to decide Q Which of the following is a defect?A. A mistake made by a team member on the jobB. A change that the team needs to make in how they do the workC. A project management plan that does not meet its requirementsD. A change request that’s been rejected by the change control board14- The Cost effectiveness analysis differs from CBA in that: a. CEA can show the net social gains of a certain project b. CEA can rank projects but cannot guarantee if any has the best value for society C. CEA may insure allocative efficiency but not technical efficiency d. CEA always ensures adopting projects with least costs 15. The most cost-effective project among many alternatives is the one that: a. maximizes effectiveness and minimizes costs at the same time b. maximizes effectiveness c. minimizes costs d. minimizes costs for given effectiveness
- Which project delivery method is the LEAST favorable when the owner has no construction experience? DBB CM c. DB d. BOT Most risk to the owner When comparing Unit Price to Lump Sum contracts, which of the following is TRUE a. Bid Balancing can be used by contractors to earn more money in Lump Sum contracts b. Bid Unbalancing can be used by contractors to earn more money in Lump Sum contracts > Bid Unbalancing can be used by contractors to earn more money in Unit Price contracts(b) Use examples to discuss the potential application areas of project management in a non- project company.A company was replacing the single-use plastic bags with cloth bags. However, the selected fabric is on backorder and will not be in stock for three weeks. The vendor suggested using another fabric that is in stock, but it is less sturdy than the original choice.If the company decides to wait until the original fabric is available, this will change the __________ of the project. a.) cost b.) scope c.) quality d.) timeline
- 1. Why is project cost control important? 2. Explain two ways to control costs using the advanced technologies studied in Unit 2.1. 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?1. Describe one project software program that could help a project manager control costs.