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Skill Analysis It is important to establish a portfolio theme and skills that will direct you toachieve specific teaching goals. The desire of every tutor is to ensure that his or her audienceunderstands the content and the objectives of the study. Providing employees with healthy eatingprograms is not an easy task for any given manager. […]
Understand the Critical Path method . Determine cost estimates and how they are used in the CPM schedule Purpose: The CPM schedule is an important tool for evaluating integrated cost-schedule risk. This type of analysis is important for evaluating the critical review of resources and schedules. CPM Schedule 2 Table 1: Activity List table for […]
Development of the virtual environment Explain the virtual environment and discuss the soft issues associated with a virtual organization. Defendyour answer with support from the readings or other outside material. The paper should be 2-4 pages inlength and in APA format. Your paper must include (cite and reference) at least one current peer reviewed article […]
Cost Risk and Schedule Risk COST RISK AND SCHEDULE RISK 2Assignment Objectives:Understand the effect of cost and schedule risk on contingency reserves and risk mitigation.Purpose: As a project manager for a new company you have just joined, you are concerned that previousprojects have only emphasized cost risk when developing their budgets. You feel it is […]
Risk Management RISK MANAGEMENT 2Context: As a project manager, you are considering using either the risk driver method of project cost riskanalysis or the traditional 3-point cost analysis on your latest project. Task: Write a minimum 8 page paper comparing and contrasting the steps of the traditional 3-point costanalysis method and the risk driver method. […]
Project Success and Contingency Reserve Project success is typically based on whether our project came in on or under our estimated budget. If ourbudget includes enough money to cover any and all circumstances then we should be “successful” everytime.Complete this task: Explain why adding as much contingency reserve as needed to fully cover every riskto […]
What is the importance of distinguishing between time-dependent and time-independentresources? Does it impact the project schedules and the cost risk analysis? Explain andprovide an example of the pros and cons as it applies to project costs. Time-dependent resources refer to the resources that attract extra costs (money)depending on the duration they are used in the […]
Define project risk and contingency reservesDifferentiate between schedule and cost estimation to project riskEvaluate how risk management affects project outcomesDetermine how cost estimates impacts project risks Purpose: To understand how contingency reserves can impact the risk evaluation and cost estimation. Determine how to evaluate a company�s contingency reserves Recommend strategies on how companies need to […]
Correlation, Probabilistic Branching, and Probabilistic Calendars Discuss the importance of correlation, probabilistic branching, and probabilistic calendarsand how those mentioned above are useful for project cost risk analysis. Discuss how youwould incorporate correlation, probabilistic branching, and probabilistic calendars intoyour risk analysis.As Hulett (2016) asserts, use of project planning and analysis tools to estimate the timeneeded to […]
Risk Register Analysis . Determine how to apply the risk driver method. Determine how to identify a risk. Evaluate different probabilities and impacts of risks. Develop a risk register for evaluating costs Purpose: As a project manager you will be responsible for determining risk, minimizing risk anddetermining contingency plans for risks. Developing a risk register […]
