Question Details

(Solved) What is the significance of risk events to a project manager? Why


  • What is the significance of risk events to a project manager?? Why do project stakeholders lose interest in project risk after the project is underway? (15 points)

  • Why is slack important to the project manager? (5 points)

  • Why is it essential for a PM to know the difference between tasks on the critical path and ?critical? tasks? (15 points)

What does it mean if the priorities of a project include:? Time?constrain, Scope-accept, and Cost?enhance? (15 points)What kinds of information are included in a work package? Is there a difference between a work break down structure and a schedule, explain. (10 points)

  • You have signed a contract to build a garage for the Simpsons.? You will receive a $500 bonus for completing the project within 15 working days.? The contract also contains a penalty clause in which you will lose $100 for each day the project takes longer than 15 working days.? (40 points)
  • Draw a project network given the information below.
  • Complete the forward pass AND backward pass.
  • Compute the activity slack
  • Identify the critical path
  • Identify which task(s) are merge activities and which are burst activities.
  • Do you expect to receive a bonus or a penalty on this project?? If so, how much?

ID

Description

Predecessor

Time (in days)

A

Pour foundation

None

3

B

Erect frame

A

4

C

Roof

B

4

D

Windows

B

1

E

Doors

B

1

F

Electrical

B

3

G

Rough-in frame

C,D,E,F

2

H

Door opener

E, F

1

I

Paint

G, H

2

J

Cleanup

I

1


Bowie State University

 

Management Information Systems Department

 

INSS 775: Information Systems Project Management

 

Spring Semester 2016

 

Instructions:

 

Answer all questions and remember to cite and reference scholarly sources.

 

Attempt to provide complete and correct answers to the questions. While preparing the answers

 

do not copy directly from the textbook. Use your own words in complete sentences and organize

 

appropriately. Poorly written answers will reduce the clarity of your answer and may result in a

 

failing grade.

 

You are required to work individually on the exam and your responses will be verified using Safe

 

Assign. Refrain from copying or allowing others to copy answers, as identical answers will

 

receive zeroes. Make sure you submit your answers through BlackBoard by 11:59pm on

 

Saturday, March 19, 2015. In case of technical difficulty send your exam via e-mail to

 

[email protected] Late submissions will not be graded and will receive a zero for the

 

exam.

 

All the best!

 

Questions

 

1. What is the significance of risk events to a project manager? Why do project stakeholders

 

lose interest in project risk after the project is underway? (15 points)

 

2. Why is slack important to the project manager? (5 points)

 

3. Why is it essential for a PM to know the difference between tasks on the critical path and

 

?critical? tasks? (15 points)

 

4. What does it mean if the priorities of a project include: Time?constrain, Scope-accept, and

 

Cost?enhance? (15 points)

 

5. What kinds of information are included in a work package? Is there a difference between a

 

work break down structure and a schedule, explain. (10 points)

 

6. You have signed a contract to build a garage for the Simpsons. You will receive a $500

 

bonus for completing the project within 15 working days. The contract also contains a

 

penalty clause in which you will lose $100 for each day the project takes longer than 15

 

working days. (40 points)

 

Draw a project network given the information below.

 

Complete the forward pass AND backward pass.

 

Compute the activity slack

 


 


 


 


 

ID

 

A

 

B

 

C

 

D

 

E

 

F

 

G

 

H

 

I

 

J

 


 

Identify the critical path

 

Identify which task(s) are merge activities and which are burst activities.

 

Do you expect to receive a bonus or a penalty on this project? If so, how much?

 

Description

 

Pour foundation

 

Erect frame

 

Roof

 

Windows

 

Doors

 

Electrical

 

Rough-in frame

 

Door opener

 

Paint

 

Cleanup

 


 

Predecessor

 

None

 

A

 

B

 

B

 

B

 

B

 

C,D,E,F

 

E, F

 

G, H

 

I

 


 

Time (in days)

 

3

 

4

 

4

 

1

 

1

 

3

 

2

 

1

 

2

 

1

 


 

 


Solution details:

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Oct 15, 2019

EXPERT

Tutor

ANSWER RATING

YES, THIS IS LEGAL

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.

Order Now