9 project management question

1-A certain project has three activities on its critical path. Activity A’s normal completion time is five days. It can be crashed to three days at a cost of $500. Activity B’s normal completion time is six days, and it can be crashed to four days at a cost of $50. Activity C’s normal completion time is eight days. It can be crashed to three days at a cost of $1,000. Which activity should the project manager crash and by how many days? How much will it cost? 2-Using the data below, create the project schedule using normal times. Determine the order in which you would crash the project one day, two days, and so on until it is in an all-crash mode. Identify how much it would cost for each day you crash the schedule. 3-A baker has a contract to bake three dozen chocolate chip cookies for a customer’s party. Create a bottom- up estimate that includes both items needed for the project and the cost. According to your estimate, how much should the baker charge for the cookies? 4-Using the data below, create a time-phased budget for the project. Show how much the daily and cumulative costs for the project are, just as the monthly and cumulative costs are shown in Exhibit 10.9. 5-List three methods that can be used for categorizing project risks. For a fund-raising project, give examples of risk using each categorizing method. 6-To help identify risks, what are some questions a project manager could ask when reviewing the project charter and WBS? 7-List and describe at least three common quantitative risk analysis techniques. Under what circumstances would you find each one useful? 8-Create a SIPOC for an everyday activity (i.e., paying bills, parallel parking, or making cookies). 9-Identify key quality project plan steps that you feel should be included within a typical overall project plan. Be sure to include quality items throughout the project plan life cycle.

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