What are the benefits and drawbacks of starting a project using a model that has already been constructed vs a blank piece of paper
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What are the benefits and drawbacks of starting a project using a model that has already been constructed vs a blank piece of paper?
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- Is it better to start a project from scratch or use a pre-existing model?Identify how the simulation project exercise qualifies as a project and identify the five major characteristics of the project.What are the benefits and drawbacks of using a pre-existing model as a jumping off point for a project, as opposed to starting from scratch?
- 1. You have just started a project for a manufacturer. Project team members report they are 30 percent complete with the project. You have spent $25,000 out of the project's $250,000 budget. What is the earned value for this project? 2.You are the project manager of the Carpet Installation Project for a new building. Your BAC is $600,000. You are now 40 percent complete with the project, though your plan called for you to be 45 percent complete with the work by this time. What is your earned value?Module 2 is all about evaluating project costs, alternatives and investments; what are your learnings, realization, appreciation, or inference on this topic related to your chosen profession?You have a choice to manage one of three projects. You are familiar with the first project’s sponsor, but the project customer has been known to be difficult to work with. The second project is a complex, high-profile project that has a strong, active project customer who doubles as the project sponsor. The third project is one that is not as complex as the second project, but you have a good working relationship with the customer. You do not, however, have any insight about the project sponsor. Which of the projects would you choose to manage and why? Suppose your manager asks you to manage a project in which you are not interested. How will you handle the situation?
- What are the benefits and downsides of SPI techniques, and how can one determine whether or not a certain method is suitable for a given project and business setting?MODELLING AND SIMULATION 1. What is the best way to plan a simulation project? Why? 2. Does project management help you to simulate a model? In what way/s? 3. Car dealers have realized how profitable it can be to sell automobiles by using the Web. Pretend that you work for a local car dealership that is part of a large chain of car industry. Create a project management process (include the sub-processes) that you will implement in developing such web-based system.To control the project, the project team should collect Group of answer choices data on the actual performance and information about any changes to the project scope, schedule, and budget. anecdotal information from the project team members. reports on the amount of money spent because that is the amount of work completed. the names and descriptions of the resources used on the project.
- You manage a multidisciplinary project team involved in the implementation of a comprehensive and complex Enterprise Resource Planning (ERP) system. The team will be working together for the next 12 months. The project goals are demanding. You are very concerned about how to keep the team motivated for the duration of the project. Discuss your strategies to keep the team motivated, and how to sustain the motivation for the duration of the ERP project.What are the advantages and drawbacks of SPI approaches, and what standards should be used to choose a technique that is appropriate for the project's and the company's environment?You are managing a project. The project has a budget of $1500. The project is 45% complete. The project is a 3-month project. You planned to spend $600 per month (have $600 worth of work completed each month). What is the value for SPI at the end of the first month? What is the earned value term for "How much was the project supposed to cost."? I