Exam 2 Essay Fall 2017 OPRE 3330 Dr. Scott Janke Instructions: Please answer each question below by pulling relevant information out of your textbook and adding your perspective to the textbook information. You must provide at least one paragraph per answer. When finished, upload this completed Word document via the eLearning assignment link. Chapters 7 1. Describe \"slack\" and how you can use slack to your advantage in managing a project. Chapter 8 2. What is a responsibility assignment matrix (RAM)? Describe how you might use a responsibility assignment matrix to manage the resources assigned to your project. 1 Chapter 9 3. Describe analogous, parametric and bottom-up estimating, and briefly discuss the advantages and disadvantages of each method. Chapter 10 4. How might you approach the prioritization of the risk events identified by your project team and subject matter experts? How would you use the results of this prioritization effort to guide the development of risk responses? 2 Chapter 12 5. Compare and contrast traditional project procurement management with the more contemporary approach - project partnering. What are the conditions or sharing requirements for effective project partnerships? Chapter 13 6. Describe at least three alternative approaches to decision making on a project team and describe when each is most appropriate. 3 Chapter 14 7. Describe how you would adopt a balanced score card approach to evaluate your project performance. Your response should identify specific measures you would use as well as the approach you would take to obtain the measures you identify. 4