Hypothesis testing in decision making

Answer the following questions using the information presented in class and available in the text. This paper is open-book and open-note and is to be completed individually. Late paper submissions, without prior approval, will not be accepted or graded.

 

Grading: There are twenty-five (25) short answer essay questions worth three (3) points each, for a total of seventy- five (75) points for the paper. It is expected that each question can be answered by a short paragraph consisting of four to six sentences, or by a list of items each with an accompanying explanation.

 

Submission: Each paper is to be individually prepared, be single space typewritten and submitted via e-mail as a single PDF file. Each paper is to include a cover page identifying the pertinent course and student information, and each page of the assignment is to have a footer including the student’s name and consecutive page number. Begin each question with a restatement of the question and include only complete answers on each page. That is, do not let the answer span multiple pages. Rather, begin the question atop the next page.

 

Paper Questions – Three (3) point each

 

1. Identify and describe two (2) ways to classify projects with scheduling problems.

 

2. List and describe the disadvantages of resource leveling or smoothing.

 

3. Why should project managers be cautious about using the splitting scheduling technique?

 

4. Why is it important to make efforts to identify resource scheduling problems before the project is implemented?

 

5. If your project has spent $50,000 versus a budget of $45,000 and it is a week ahead of schedule, is it a certainty that your project is doing well? Explain why or why not.

 

6. Identify and briefly describe the six (6) reasons for attempting to reduce the duration of a project.

 

7. What is crashing? (Include a discussion of crash time and crash cost).

 

8. Why should a project manager be cautious when adding resources to reduce project duration?

 

 

9. The easiest way to add more labor to a project is not to add more people, but to schedule overtime. What are the disadvantages of scheduling overtime?

 

10. What does it mean to say that a project network is sensitive and why is that important to a project manager who needs to reduce the duration of his or her project?

 

11. “Managing a project and leading a project is essentially the same thing.” Agree or disagree. Support your conclusion.

 

12. Identify and describe the five (5) commonly traded organizational currencies.

 

13. What is “management by wandering (walking) around” and why would it be useful to project managers?

 

14. Identify and describe the eight (8) traits associated with being a successful project manager.

 

15. “All the eight traits of being a good project manager can be taught and learned.” Agree or disagree? Support your conclusion.

 

16. Identify and describe the four (4) steps in creating a control process that measures and evaluates project performance.

 

17. In reviewing the budget report of a project, you notice that spending on the project is running about ten (10) percent over plan. Is the project in trouble? Why or why not, and what would you do?

 

18. Schedule variance (SV) is in dollars and does not directly represent time. Is it still useful? Why or why not? Support your conclusion.

 

19. What is scope creep and how does it impact project control?

 

20. What is a “rubber baseline” and how does it undermine project control?

 

21. Before an evaluation of the project team can be effective and useful, a minimum core of conditions needs to be in place before the project begins. Identify and describe four of these conditions.

 

22. During the closure process, how does the project manager meet the challenge to keep the project team focused on the remaining project activities and delivery to the customer until the project is complete?

 

23. Identify three reasons it is important to use an independent facilitator to collect and implement lessons learned to improve management of current and future projects.

 

24. What are the six (6) barriers to effective lessons learned?

 

25. Identify and describe the five (5) common parts to a final project report. Which is considered the most valuable and why? Sup


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