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project management

Questions and Answers of Project Management

Watch a video about a famous company, such as Google, Apple, or Walmart, that focuses on its treatment of workers and customers. (Netflix has several videos about companies, and you can find several
Research recent books, articles, and videos on motivation, including work by Daniel Pink. Also interview two or more people who have worked for an IT department in the past, or are doing so now, and
Briefly summarize the works of Maslow, Herzberg, McClelland, McGregor, Ouchi, Thamhain and Wilemon, and Covey. How do their theories relate to project management?
What is emotional intelligence (EI)? Why is it important to develop EI skills?
Take the MBTI test and research information about this tool. Several websites have different versions of the test, including www.humanmetrics.com, www.personalitytype.com, and www.keirsey.com. Write
Describe a situation where it would be appropriate to use each of the six leadership styles described by Daniel Goleman.
Summarize three of Covey’s habits in your own words and give examples of how these habits would apply to project management. Document your ideas in a short paper, and include at least two
Research different tools for assessing leadership styles. Summarize at least three tools and the styles they mention. Do you believe that it’s best for leaders to use different styles in different
Research recruiting and retention strategies at three different companies. Make sure that the strategies use contrasting approaches. For example, find out how Google treats its workers, and compare
Explain two types of team-building activities described in this chapter and discuss their advantages and disadvantages.
Summarize the different ways that project managers can address conflicts to help them manage project teams. What can they do to manage virtual team members successfully?
Developing good IT project managers is an important issue. Review several of the studies cited in this chapter that are related to the IT and project management job markets and required skills for
How can you use project management software to assist in project resource management?
For the following test marketing project at week 6: a. Ignore the far right “% Complete” column and using the 50–50 percent completion rule for PV and EV, calculate the
In terms of monitoring and tracking, which of the ten oversights is probably most critical?
Log on at itweek.co.uk/News/11329438 to see the string of news stories related to Project Libra. Identify some of the sources of the problems the project faces.
If you were to make the decision on whether or not to terminate this project, what would your decision be? Justify your position.
Suppose, for the problem above, that your PV was 75 and your EV was 80. Recalculate the SPI and estimated time to completion for the project with this new data.
How would you blend “hard data” and “managerial or behavioral” information to create a comprehensive view of the status of ongoing projects at Kimble College ?
Consider the major findings of the research on human factors in project implementation. What common themes seem to emerge from the research of Baker, Morris, and Pinto?
Using concepts from Critical Chain Portfolio management, how could buffer-drum concepts be applied to this problem?
Why do you suppose Randy took Sid’s 24 hour estimate and increased it to 32 hours when he presented it to Judy?
What steps would you take to begin changing the culture in the department? In your answer, consider what changes you would recommend making to the reward systems, methods for estimating activity
Identify some of the symptoms in the case that point toward cultural problems in the department.
What are the reasons we routinely waste the excessive safety we acquire for our project activities? Are some of these reasons more prevalent in your own experiences than others?
What are the three reasons Goldratt argues are used to justify adding excessive amount of safety to our project duration estimates? In your project experiences, are these arguments justified?
Explain the difference between “common cause” variation and “special cause” variation. Why are these concepts critical to understanding successful efforts to improve the quality and
Construct a network activity diagram based on the following information: Activity Preceding activitiesA
Calculate the direct cost of labor for a project team member using the following data: Hourly rate: $35/hr. Hours needed: 150 Overhead rate: 55%
The original bidding process favored the lowest project construction bids using a “fixed price” contract. What are the advantages and disadvantages to the Indian government from using this type
Explain the challenge of producing accurate cost estimation when working in harsh geographical conditions.
Which conflict resolution style is warranted in this case? Why? How might some of the other resolution approaches be inadequate in this situation?
“Ford’s Edsel should have succeeded. It was simply the victim of bad luck.” Do you agree or disagree with this view? Why?
Comment on this statement: “Through poor feasibility studies and dated market research, Ford convinced themselves that they had designed a car to fill a niche that, by 1957, was no longer there.”
What does the story of the Ford Edsel suggest about the importance of considering both technical and commercial performance for project success?
Consider the problem of project scope creep – the unwillingness or inability to freeze project specifications . When is “Scope creep” useful and when is it dangerous? Under what circumstances
At the back of the chapter is a Future Time Orientation scale. After completing it, determine whether you have a future time perspective, present time perspective, or past time perspective. What are
Massivesoft Corporation is trying to decide whether or not to invest in a new software project. The initial investment will be $5 million dollars. The project has a 40% chance of returning
A heavy manufacturing company wants to decide whether to initiate a new project. The success of the project depends heavily on the state of the economy, which has a 50/50 chance of being strong
Your Vice President for MIS informs you that she has researched the possibility of automating your organization’s order-entry system. She has projected that the new system will reduce labor costs
What does the above case suggest to you about the use of project selection methods in organizations? How would you resolve the contradictions found in this example?
Choose the project that you feel, based on the above analysis, Nova Western should select. Defend your choice.
Phyllis has called you into her office to help her make sense of the contradictions in project evaluation. How would you explain the reasons for this divergence of opinion from one technique to the
How are financial models superior to other screening models? How are they inferior?
How does the options model address the problem of non-recoverable investment in a project?
What advantages do you see in the GE Tollgate screening approach? What disadvantages do you see? How would you alter it?
Why is project portfolio management particularly challenging in the pharmaceutical industry?
What are the keys to successful project portfolio management?
What are some of the key difficulties is successfully implementing portfolio management practices?
Keflavik Paper presents a good example of the dangers of excessive reliance on one screening technique (discounted cash flows). How might excessive or exclusive reliance on other screening methods
Assume that you are responsible for maintaining Keflavik ’s project portfolio. Name some key criteria that you believe should be used in evaluating all new projects before they are added to the
What does this case demonstrate about the affect of poor project screening methods on a firm’s ability to manage its projects effectively?
What are the benefits and drawbacks of the profile model for project screening?
How does use of the Analytical Hierarchy Process (AHP) aid in project selection? In particular, what aspects of the screening process does the AHP seem to address and improve directly?
What are the benefits and drawbacks of project checklists for screening alternatives?
If you were to prioritize the criteria for a successful screening model, which of those criteria do you rank at the top of your priority list? Why?
What are the strengths and weaknesses of alternative solutions they could employ?
The chapter suggests that a definition of strategic management includes four components:Developing a strategic vision and sense of missionFormulating, implementing, and evaluatingCross-functional
What strengths and weaknesses do you perceive in each of the models?
Consider the Expedition Everest case: What are the elements in Disney’s approach to developing their theme rides that you find particularly impressive? How can a firm like Disney balance the need

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