Identify and briefly describe the three forms of organizing projects using the matrix management approach. Identify and briefly describe at least two advantages and two disadvantages of organizing project teams using the matrix management approach. Topic: Estimating Guidelines for Times, Costs, and Resources 4. For example, a manager getting further into a project and obtaining a better understanding of what needs to be done to accomplish a project and meet the needs of the customer is an example of A. All of these are factors in identifying cultural characteristics. The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as A. How important project management is to the success of the organization B.
Topic: Top-Down versus Bottom-Up Estimating 10. By purchasing this item, you agree that you have read and understand the description plus you are aware that you are not purchasing physical book but digital softcopy. One of the major disadvantages of the projectized form of project management structure is that it tends to be more expensive than other forms of organization. During this time, Rachel catches up on some e-mail. There are often considerable differences in how projects are managed within certain firms, even if the same project management structure is being used. Topic: Top-Down versus Bottom-Up Estimating 13.
The team members arrive, and the remaining 45 minutes of the progress review meeting surface project issues that have to be addressed and assigned for action. Topic: Project Management Structures 26. When determining which project management structure is most appropriate, organizational culture should be considered. Blooms: Remember Difficulty: 2 Medium Learning Objective: 05-04 Distinguish different kinds of costs associated with a project. Professor emeritus of management at the College of Business, Oregon State University.
This is especially true when it comes to the availability of resources. Topic: Project Management Structures 44. Janet is forecasting how much money her department needs to support a new project. These costs are carried for the duration of the project. The strategic importance of the project E. This can result in duplication of efforts across projects and a loss of economies of scale. Topic: Project Management Structures 72.
It will vary with the complexity of the project. Design flaws are revealed after the fact, extreme weather conditions occur, accidents happen, and so forth. Adjusting estimates based on individual forecasting abilities B. The consensus method of estimating costs is a bottom-up technique. Cost, time, and budget estimates are the lifeline for control; they serve as the standard for comparison of the actual and the planned throughout the life of the project.
Explain and provide an example. A disadvantage of using the functional form of project management structure is that projects generally take longer to complete. Help legitimize the management system B. Use several people to estimate the same work. Topic: Top-Down versus Bottom-Up Estimating 78.
Considerable support from all levels of management. Topic: Project Management Structures 11. Topic: Project Management Structures 36. He notices that the projects that took six months or longer to complete were noticeably more off the estimates. Benefits of Reference Class Forecasting include A.
Understanding Project Management: The Managerial Process 7th Edition homework has never been easier than with Chegg Study. This translates into using a dedicated project team. Access 2: Querying a Database. Topic: Project Management Structures 33. What should she do between now and the next meeting? Due to the political and personnel changes required, focused, incremental changes over time are key.