MGMNT 404 Devry 1.(TCO 1) Project management is a continual balance between three main elements. What are they? 2.(TCO 8) What are the three basic

MGMNT 404 Devry1.(TCO 1) Project management is a continual balance between three main elements. What are they? 2.(TCO 8) What are the three basic ways to organize project teams? Briefly identify and describe an advantage and disadvantage for each. 3.(TCO 1) Identify and describe the three project type classifications.4.Identify and briefly describe the two major categories of estimating project time and costs. How are these used during the estimating process? 5.(TCO 3) What are the major types of costs? Which costs are controllable by the project manager?6. (TCOs 2 & 3) Describe the ideal approach for a project manager to develop optimal estimates for a project’s time and costs. (Points : 5) 7.TCO 1) You are in charge of organizing a dinner-dance concert for a local charity. You have reserved a hall that will seat 30 couples and have hired a jazz combo.8.Develop a scope statement for this project that contains examples of all of the elements. Assume that the event will occur in four weeks, and provide your best guess estimate of the dates for milestones.9.You are not expected to produce a comprehensive scope statement, but to demonstrate your ability to correctly identify the right kind of information for each element. 10.(TCO 2) What is “lag” and why would you need to use it in your network? How is “lag” different than “slack”? 11.(TCO 2) What are the purposes of Gantt charts and Network diagrams? 12(TCO 2) In the network computation process what is a backward pass and what four things does it determine? 13.(TCO 2) What is the Concurrent Engineering Approach and why should project managers be aware of it? 14.TCO 2) How do you choose the tasks to reduce project duration? 15.There are positive risks and negative risk in your project. Positive risks are those things that can have a positive outcome and provide a previously unseen opportunity. Negative risks are those things that can have a negative outcome and are a threat to successful project completions. What are the ways that you would respond to the uncertainty of risk and how would you manage positive risks different than negative risks? Please describe these approaches. Given that an activity’s normal time and cost are ten days and $400, and its crash time and cost are five days and $800, what is the activity’s slope? 16.(TCO 3) Identify and briefly describe the three types of constraints that can affect how you schedule resources17.What are the four types of resource constraints? Please list them and provide an example of each.18.List and briefly discuss six reasons why scheduling resources is an important task. 19.(TCO 3) Identify and briefly describe the two classifications of scheduling problems.20.TCO 2) What are the advantages and disadvantages of reducing project scope to accelerate a project? What can be done to reduce the disadvantages?

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