3 Problems that Occur When Project Selection is not Open and Transparent - ANS-(1)
Implementation hole
(2) Organization politics
(three) Resource conflicts and multitasking
4 Items Included in a Business Case - ANS-(1) value, (2) time, (three) how it's aligned with
imaginative and prescient/dreams, (four) chance.
5 Methods of Top-Down Estimates - ANS-(1) Consensus
(2) Ratio
(3) Apportion
(4) Function Point
(5) Learning Curve
6 Items Included in Each Work Package - ANS-(1) defines paintings - what
(2) identifies time to complete a work package deal - how lengthy
(3) identifies and time-phased budget to finish paintings package deal - price
(four) identifies resources needed to complete a work package - how lots
(five) identifies a unmarried person responsible for devices of work - who
(6) identifies tracking factors for measuring progress - how nicely
7 Sources of Risk When Estimating - ANS-(1) Planning horizon
(2) Project length
(3) People
(four) Project structure and agency
(5) Padding estimates
(6) Organization way of life
(7) Other (non-undertaking) elements
Another phrase for project choice - ANS-Vetting manner
Apportion - ANS-Used when projects relate closely to beyond projects, but value and time
are envisioned by means of unmarried tasks.
Bottom-Up Estimating - ANS-A more detailed process of estimating fee and time. *Usually
accomplished by means of the ones doing the work, based totally on elements located in the
WBS.
Business Case - ANS-A want-list of tasks used for selecting tasks after the strategic
management method.
Characteristics of a Project - ANS-- Established goal
- Finite start and cease date
- Cross-organizational (involving several departments and specialists)
- Something by no means achieved earlier than (precise)
- Specific time, price, and overall performance necessities
Classification of a Project Consists of: (Portfolio System) - ANS-Operational, compliance,
and strategic tasks.
Consensus Method - ANS-Uses pooled experience from senior and/or middle management
(Delphi technique group selection technique about the probability that positive activities will
occur).