need help with this one.
You have a complete WBS and activity list and are preparing to put the list in sequence for your project to exhibit at a trade show. One of the work packages is to install the trade show booth. What will help you define the flow of activities for this deliverable?
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Schedule management plan
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Project scope statement
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Milestone list
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Network diagram
I thought Flow of activites are defined by PDM, AON or AOA.
You have just been notified that your customer has money problems and will not be able to pay for the upcoming milestone deliverables. As project manager, you should:
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Tell everyone to stop working
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Release 90% of the project team
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Reduce the scope and begin administrative closure
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Shift these deliverables to the next phase to give the customer additional time to obtain funds
It should depend on contractual obligations. Why will buyer reduce scope.
Michael has reviewed the project charter, identified stakeholders, and begun development of the project plan. He is looking at the existing risk templates, categories, and lessons learned. What should he do next?
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Perform a Monte Carlo simulation to determine an appropriate schedule.
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Tailor the definitions of probability and impact to his project.
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Develop a risk adjusted cost estimate based on past performance.
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Use the risk scoring guidelines to develop a high-level assessment of overall risk.
After risk identification should'nt he asssess risks. moreover we have standardized scoring of risks acorss orgs to compare high level and low level risks. why will he tailor risks.
ans: b,c,b


admin
Tue, 04/08/2014 - 06:31
Permalink
Q2 - Client will not be able
Q2 - Client will not be able to pay for upcoming milestones, But he can pay for Past milestones. In that case you should only do the work for which you can be paid for. Here as PM, you should stop working as there is breach of the contract from Client and they will not be able to Pay. Here the question does not say that payment will be delayed. it says that payment will not be done at all for upcoming milestones. You should start closure activities.
Not sure why the response says reduce the scope. I would reduce the scope if some part payment can be done.
Q3. Risk assessment has not been done, only templates were created, so in the same line you should define the Probablity and Impact. Other options are far ahead in the life cycle.