An effective project charter is written for experts in project management who can evaluate the probability of success. True False
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An effective project charter is written for experts in project management who can evaluate the probability of success
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- how Monitor Project Planning Parameters (Project Manager/Project Members)Describe the execution stage within the context of project stakeholder views on risk needs.Use the information in this table to calculate the weighted score for project 2 Criteria Weight Project1 Project2 Project3 Project4 Supports of key business objectives 5% 90 90 50 20 Has strong internal sponsor 10% 70 90 50 20 Has strong customer support 5% 50 90 50 20 Realistic level of technology 10% 25 90 50 70 Can be implemented in one year or less 30% 20 20 50 90 Provides positive NPV 10% 50 70 50 50 Has low risk in meeting scope, time, and cost goals 30% 20 50 50 90
- Your roommate is about to submit a scope statement for a spring concert sponsored by the entertainment council at Western Evergreen State University (WESU). WESU is a residential university with over 22,000 students. This will be the first time in six years since WESU sponsored a spring concert. The entertainment council has budgeted $40,000 for the project. The event is to occur on June 5th. Since your roommate knows you are taking a class on project management she has asked you to review her scope statement and make suggestions for improvement. She considers the concert a resume-building experience and wants to be as professional as possible. Below is a draft of her scope statement. What suggestions would you make and why? . WESU Spring Music Concert Project Objective To organize and deliver a 6-hour music concert by June 5th at cost to not exceed $40,000. Deliverables.Traditional projects focus on long-term planning and stability. Laufer, Hoffman, Russel, and Cameron (2015) suggested that project managers also have to deal with the following: a)Events that are big and events that are small b)Events that could have been predicted but were not c)Events that were managed poorly d)Events that could erode the project manager's authorityWhat is the importance of a Project Charter?
- List eight elements that could be included in a project charter. Describe why each element is valuable to the project charter.determine how a project manager monitors and controls the activities for project plan exececution.A tool for assessing and managing risks is a risk assessment matrix (RAM), also referred to as a risk register, which includes potential risks, their potential impact, likelihood of occurrence, and response plan. Fully construct a RAM using two application examples Describe any project of your choice; then provide three examples of what risks you as the project manager could face.
- The project charter involves several elements including, the project manager and project title. Use suitable examples to explain any other five elements of the project charter.In which phase of the project life cycle should the project success criteria be determined? a. Project goal definition b. Project planning c. Project execution d. Project evaluation1. 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?