Question 5.a) (i) Provide a diagram indicating total effort against time for a project lifecycle with four phases(ii) Suggest two tasks which would be carried out in each of the four phases.b) Before any project can go ahead, the interests of stakeholders must beconsidered and managed. Who are these stakeholders and how would youidentify and manage their interests?c) (i) A company manufactures a component which it sells for £100. The variablecost associated with its manufacture is £52 per component. Fixed costsallocated total £384,000. Determine how many components the company needsto sell to break even (i.e. to cover the sum of fixed and variable costs).(ii) Plot a graph which shows the break-even point in terms of the number ofcomponents produced.

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Answered: ) (i) Provide a diagram indicating…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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How to Plan, direct and coordinate IT projects to ensure effectiveproject control including scope changes and project risks?
TWELVE. Elaborate risk management programs are associated exclusively with a more reactive style of project management. True False
Q3. What is Project Scope Management? Discuss Project Scope and Product Scope. Why do you think preparing project scope management plan is important to be made?
3.1 The PMBOK categorises risks into internal and external factors. Anne found that her working relationship with Mr. Richard Cramer was progressively deteriorating as his micro management of the project was taking a toll on the project and staff morale. As a result, Anne and some of the project team members wanted to absolve themselves of the project. Had this transpired, it would have posed a risk on the successful delivery of the project. Define the concept the above situation would have created.
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 conclusion
Question 2 1).Identify three sections of a Project Proposal 2).Many items that are in the project charter, RFP, or contractor's proposal are combined in what single document that is developed by the project team? 3).Identify the elements that must be included in the project objective. 4).What is the key to effective project control.
1.What is Project Scope 2.Define Project Scope Management 3. Purpose of Project Scope Management 4.Steps in Project Scope Management process 5. Define Scope Planning
11.1. Three alternative plans for expanding a municipal water distribution system will each meet demands for water and maintain required pressures. Each plan has a project life of 30 years. The initial investment cost and annual operation and maintenance cost for each plan are as follows: Initial investment Annual operation and maintenance Plan cost ($) cost ($) A 120,000 28,000 B 160,000 24,000 C 290,000 10,000 Select the economically optimum plan based on a discount rate of 8 percent. Perform the evaluation alternatively based on present worth and annual worth.
Page 3 of 5You have recently gained your APM Risk qualification and have been asked to join the University’s project team on a consultancy basis to help implement a robust riskmanagement process on the project.Section A Questionsa) List 5 Stakeholders in the projectb) State the main objectives and success criteria for the project.c) Prepare a draft risk management plan, completing all relevant sections with information obtained from the case study. Marks will be awarded according to the following scheme:i.Introductionii.Project Description iii.Purpose and Scope of Risk Managementiv.Risk Management Organisation v.Risk Management Process vi.Key deliverables d) State 5 risks that may occur on this project. Ensure that risks are stated using the formatcause – risk event – effect. e) For 2 (two) of the stated risks State who (in your opinion) the potential owner would be Explain (again in your opinion) what could be done to respond to the risk  State (in your opinion) what would be the…
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 steps
Case: Friendly Assisted Living Facility-3 (pg.104) Q1: Define the deliverables for this project Q2: Define the constraints and assumptions for this project Q3: Develop a preliminary Level 1 WBS Q4: Develop a RACI matrix for this project based on the level 1 WBS Q5: Would a Project Charter have been useful here? Explain. C A S E Friendly Assisted Living Facility-3 Continuing with the ALF Steering Committee meeting Fred led a discussion of all the major steps that must be included in the project plan, and inked each team member to identify the areas for which they would accept responsi bility. The hospital's Construction Project Manager took responsibility for the constructions of the facility, and the COO volunteered to oversee the building design, as well as define the needs for food services, housekeeping, staff ing, and policy and procedure development. The CFO agreed to develoys the budgets for each area of the project as well as the operating budget for the facility.…

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