"You are a project manager for a 10,000 sf industrial garage project in Toronto with a contract value of $1,350,000 and contract duration of 6 months. You are preparing status report for the project at the end of Month 3. The following progress data is available. What would be the forecast for estimate at completion for the project as of this reporting period? Use the CPI method of forecasting."
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- quetion 1 a)What is a burn-down chart? What purpose does it serve? b)Why should a project manager be concerned with monitoring a project’s progress? c) Describe how the SPI and CPI can be used to forecast the final cost of a project?Is forecasting important in a planning of a project? why? why not?States) B E- Text Predictions: On Activity A I U 2. Given below are additional details for the Evergreen Company's construction project, i.e. three time estimates. B C D ALL E F Optimistic 0.5 ARDCCDGEe Normal 2.5 1 0.9 0.5 Most Likely 1 2 3 2 1 AaBb CcDdEe No Spacing 1 AaBbCcL AaBbCcDd. Heading 1 Heading 2 Pessimistic 2 2.5 3.5 3 1.1 1.5 a) Calculate the expected completion times and completion variances for each activity. b) What are the expected days to completion now for Evergreen? c) Compute the variance and standard deviation of the Evergreen project's completion time. d) What is the probability that the Evergreen Company's project can be completed in 6.5 days? e) What would be Evergreen Company's completion days if we needed a 95% confidence level? f) Which noncritical activities should Evergreen Company monitor closely? Why? Focus E
- How Can You Get to a Backlog of over 100 Projects? There are never enough resources to get everything done." Backlogs build over time. Sacred cow projects get included in the selection system. Projects proposed from people who have left the airline stil reside in the project portfolio. Non-value-added projects somehow make their way into the project portfolio. Soon the queue gets longer. With everyone in IT working on too many projects concurrently, project completion and productivity are slow. Which Projects Remain? To cut the number of projects, the steering committee used a weighting scheme that reflected the airline's priorities, which were: fly safe, generate revenue, reduce costs, and customer service. The weighting scheme easily weeded out the fluff. Coady noted that "by the time you get to the 20s the margin of differentiation gets narrower and narrower." Of the remaining projects, project sponsors had to have solid justification why their project is important. Reduction of the…Evaluate the below statement according to the project management terminologies and choose the correct answer: It is the process of making a forecast or precise approximation Choose... of time and cost associated with a work package or activity. Graphically describes a project consisting of well-defined Choose.. activities, the completion of which marks its end. One of the Perform Quantitative Risk Analysis process has a Choose.. Tools and Techniques. Useful for building accountability through assigning specific Choose.. tasks to team members. It is the standard format each path through the network must be continuous with no gaps, discontinuities, or dangling Choose... activities. Organizational Assets, Project Scope Statement, Cost Management Plan and Schedule Management Plan are inputs Choose.. of: Choose... Work Breakdown Structure Expert Judgment Bar chart Estimating A horizontal diagram format Plan Risk ManagementDescribe the primary concerns of scope control.
- Project Implementation Plan for Culinary Tourism. • You will be creating a Project Implementation Plan for the new service to be offered by your team/group • Step 4 - Outline of Deliverables - Deliverables are the tangibles of your company. Outlining the deliverables, you hope to create can serve as a resource. This will include time frames/ due dates for ensuring the product/ service is brought to the market. For example - you can use the GANTT CHART for this part (GANTT chart helps teams to plan work around deadlines and properly allocate resources). You are also required to assign tasks for team members for which they would be accountable, and allocate resources for each input required. Kindly prepare a Conclusion for Culinary Tourism State main points and way forward in the future. Synthesize the entire paper with specific details as included in the paper No new information is included in the conclusionEmbattled Mango might have proposed rescue plan ready by the end of October -Low-cost airline Mango's first meetings as part of its business rescue process took place on Wednesday, with employee representatives and creditors being briefed on the steps ahead. Among other things, employees expect to be paid their outstanding salaries for last month. The voluntary business rescue process was approved as from 28 July, and the goal is to have a proposed rescue plan by the end of October. Rescue practitioner Sipho Sono of Opis Advisory said one meeting was with the airline's creditors and the other with unions and representatives of non-unionised employees. He said he was satisfied with the process so far. "The next steps will be setting up several meetings with the various committees established. More details will be provided as the business rescue process unfolds," said Sono. Jordan Butler, chair of the Mango Pilots' Association (MPA), said the aim is to have a proposed rescue plan by 29…Explain program evaluation and review technique (PERT)?
- Q1. Project Planning and Quality Management: a) Develop a comprehensive project plan that includes the scope, objectives, timeline, and resource requirements for the development and production of the product related to Central Cable Berhad (CCB). b) Identify key quality management principles that will be crucial in ensuring the product meets industry standards and customer expectations. c) Propose a quality control plan outlining methods, tools, and checkpoints to ensure the consistent quality of the electric wires.Scenario Capstone project Goal Statement: Our goal is to improve the overall mental health status of veterans of the Canadian Armed Forces and RCMP by up to 80% for those struggling with mental health challenges by facilitating real-time accessibility to a peer support platform utilizing a mobile app to fill the gap that currently exists when veterans are awaiting appointments for psychological supports that are currently funded by Veterans Affairs of Canada. We aim to reduce the strain on the general health system due to the repeated appointments with a veteran's primary care practitioner to inquire about further mental health resources and to improve a veterans quality of life while they are adjusting to civilian life in between their federally funded psychological supports. Please answer in detail 1 communication strategy for the above project 2. Pilot or stakeholder feedback outcomes 3. Recommendation for next stepsPart 1: The 5 project management groups have wide industry application in modern day project management. By using practical examples of your choice, demonstrate the practical application of the project management processes in bringing a project to a successful end (Detailed response required, also acknowledge information sources). Part 2: A gantt chart is widely applied in project management as a project scheduling tool,whose format is in bar chart form. Critically examine a gantt chart as a project scheduling tool and practically demonstrate how it can also be used as a project planning and control technique (Detailed response required, also acknowledge information sources).