Question: Question 5 a . ) Your company 'Prime Ventures' has embarked on a project, and you are the project 4 of 5 engineer. You lead

Question 5
a.) Your company 'Prime Ventures' has embarked on a project, and you are the project
4 of 5 engineer. You lead a team of 16 people who are working on this project in various roles and tasks. There are no contractors. Two of your team members need to take time off (around 1 week) for personal commitments. Using the information given below prioritize your tasks in order of importance and propose which tasks can allow them to take leave and for how long.
[8 marks]
\table[[Task,Predecessor,Duration (Weeks)],[A,,4],[B,A,8],[C,A,15],[D,B, C,5],[E,D,7],[F,D,10],[G,D,13],[H,E, G,14],[I,F,10],[J,H, I,10],[K,J,5]]
b.) Examine at least 4 critical causes of project failure. How would you as a project engineer ensure these causes do not affect your projects. You may support your answer with examples from the region and around the world. It is recommended you tabulate your answers or use bullet points.
[4 marks]
c.) PMBOK recommends 10 knowledge areas in project management. Imagine you must develop a PMP for a large value project. Create a flow chart to show your steps in developing a PMP that focuses on all the knowledge areas. Assume the charter is prepared already.
[8 marks]
CV481/EE481/MM481- Semester 1,2024
Page 4 of 5
Question 6
a.) Vendors are normally selected after a vendor analysis process. Consider you have 3 vendors to choose from - Explain at least 5 factors you will use to evaluate the vendors for a particular task. You may draw a table to support your answer.
[5 marks]
b.) Imagine you are the project officer for "Engineering Tech". The company has been approached to complete a project by a client. Engineering Tech policy is to pick a deadline with an 80% chance of completion. The project client has offered a contract which has a penalty of $10,000 for each week of delay past their deadline of 40 weeks. The project is valued at $585,890. Assuming other expenses in the project are worth $107,278, how much profit (or loss) are Engineering Tech likely to make from this project. The activity table for the project is given below with durations in weeks:
[15 marks]
\table[[Activity,O,M,P,Predecessor],[A,2,5,7,],[B,3,4,8,A],[C,2,3,9,B],[D,5,8,10,C, B],[E,3,8,12,D],[F,4,6,7,D],[G,1,2,3,E, F],[H,4,6,7,G, D],[I,5,8,12,H],[J,4,9,11,I]]
[ z score for 80.23%=0.85]
Question 5 a . ) Your company 'Prime Ventures'

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