• April 23rd, 2016

Answer these question

Paper, Order, or Assignment Requirements

Please provide all answers in your own words.

  1. List at least four of the types of information Kerzner says should be collected prior to initiating the estimating process. (4pts)
 
  • Describe each of the four types of estimates Kerzner identifies. (4pts.)
 

 

  • Name a valid way of evaluating the financial feasibility of a project. (2pts)
 

 

  • List and define the three common classification systems for estimates. (4pts)
 

 

  • What are the most accurate estimates? (2pts.)
 

 

  • Name and explain one risk from each of the categories, mentioned in the text that must be considered to understand project financing. (4pts.)
 

 

 

  • Define Internal Rate of Return (IRR). (4pts.)
 

 

  • Define Net Present Value (NPV). (4pts.)
 

 

  • What is the time value of money? (4pts.)
 

 

  • Describe “payback period”. (4pts.)
 

 

  • List at least of four of the qualities that imply good cost management. (4pts.)
 

 

  • The requirements for an effective cost control system should include (name at least 5): (6pts.)
 

 

  • Kerzner states that there are several interpretations of how control of the management reserve should be used. Describe two. (4pts.)
 

 

  • What are the benefits of EVMS? (4pts.)
 

 

  • What questions does EVMS answer? (4pts.)
 

 

  • What is the cost performance index (CPI)? How is it calculated? What does it tell the project manager about the project? Include the formula and how it is interpreted in your answer. (6pts).
 

 

 

  • What is the schedule performance index (SPI)? How is it calculated? What does it tell the project manager about the project? Include the formula and how it is interpreted in your answer. (6pts).
 

 

 

  • In earned value measurement, earned value is represented by: (2pts.)
 

 

 

  • If the project manager is looking for revenue for a value added scope change, the project manager’s first choice would be? (2pts.)
 

 

 

  • If CPI = 1.1 and SPI = 0.95, then the trend for the project is? (2pts.)
 

 

 

  • Name and describe the six processes of Project Integration Management. (10 pts.)
 

 

 

  • Name and explain the five critical consequences of failing to manage project change. (4pts.)
 

 

 

  • Name and define the three types of change discussed in class. (4pts.)
 

 

  • What is the output of the Develop Project Charter process? (2pts.)
 

 

  • How do we arrive at the actual cost of work performed (AC)? (2pts.)
 

 

 

  • How do we arrive at the cost variance and what does it measure? (2pts.)
 

 

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