This preview has intentionally blurred parts. Sign up to view the full document

View Full Document

Unformatted Document Excerpt

Haeryip Sihombing 1 BANK SOAL BMFP 4542 (TEST -1) 1. Identify and briefly describe the five commonly traded organizational currencies. Task-related; the ability to contribute to others accomplishing their work, Position-related; the ability to enhance others' positions within their organization, Inspiration-related; the ability to enhance people's desire to make a difference and add meaning to their lives, Relationship-related; the ability to form relationships that transcend normal professional boundaries and extend into friendship, Personal-related; the extent to which one can help others feel a sense of importance and personal worth. 2. Identify and compare the old-fashioned view of managing projects and the new perspective of managing projects. The old-fashioned view of managing projects emphasized directing and controlling subordinates; the new perspective emphasizes managing project stakeholders and anticipating change as the most important jobs. 3. Under what conditions would the top-down approach to estimating project times and costs be the best choice? In the early stages of a project to help develop the initial plan, in making strategic decisions, in projects of high uncertainty, in small internal projects, or in projects with an unstable scope. 4. Under what conditions would the bottom-up approach to estimating project times and costs be the best choice? When low cost, efficient estimates are needed, when time and cost are important, when working on a fixed price contract, or when the customer wants details. 5. In the network computation process what is a forward pass and what three things does it determine? Starting with the first activity, each path is traced forward through the network, adding times until the end of the project. This determines 1. how soon each activity can start, 2. how soon each activity can finish, and 3. how soon the entire project can be completed. ... View Full Document

End of Preview

Sign up now to access the rest of the document