Budget Essay

1834 Words Jan 15th, 2015 8 Pages
Page 1 1. (TCO A) In the _____ organization structure, the project manager is responsible for the project results, whereas the functional manager is responsible for providing the resources needed to achieve the results.(Points:5)
2. (TCO H) What is the longest phase of the project life cycle? (Points : 5)
3. (TCO B) The lowest level item of any one branch of the WBS is called a(n) _____. (Points : 5)
4. (TCO D)A _____ is a predefined set of actions that will be implemented if the risk event occurs. (Points : 5)
5. (TCO F) ____the project involves measuring actual progress and comparing it to planned progress.(Points : 5)
6. (TCO C) If _____ is positive, it represents the maximum amount of time that the activities on a particular path
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(TCO A) Part 1: Compare and contrast the responsibilities of a functional manager and a project manager in a matrix-type organization. (10 points) Part 2: A company manufactures furniture. Which organization structure is the most suitable? Why? (10 points) Part 3: An organization builds custom houses for urban-renewal areas. Which organization structure is the most suitable? Why? (10 points) (Points : 30)
5.(TCO D)A firm hosts data-mining servers and performs data mining for other companies that do not desire the costs of hardware, software, or expertise to data mine their data. The firm is planning to roll out faster data-mining software that will reduce the time to sift through customers' data by a fraction of the present time. Part 1: List and discuss the major risk-management functions from a project-management perspective for the data-mining software project. (15 points) Part 2: Describe a risk event, the consequences, and the risk-response plan for the data-mining software project. (15 points)
6.(TCO F) Analyze and compare the costs of the two projects in terms of performance efficiency, budget, and schedule. Make sure to show your calculations and analyze and explain the results. (Note: Providing just numbers will receive only partial credit.) Project A: The budgeted cost of work performed is $72,000, and the actual cost of work performed is $75,000. The budgeted cost of work scheduled is $73,000. (15 points) Project B: The

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