Midterm Exam - BillFrino CMIS417:ProjectManagement&Practice...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Bill Frino Mid-Term Exam February 18, 2010 1.         Define a project. What are four characteristics which help differentiate projects from other       functions carried out in the daily operations of the organization? A project is a complex, non-routine, one-time effort limited by time, budget, resources, and  performance specifications designed to meet customer needs. Four characteristics that  differentiate projects from other functions are as followed: -An established objective. -A defined life span with a beginning and an end. -Usually, the involvement of several departments and professionals. - Specific time, cost, and performance requirements. 2.         How are projects linked to the strategic plan?     In some organizations, selection and management of projects often fail to support the  strategic plan of the organization. Strategic plans are written by one group of managers,  projects   selected   by   another   group,   and   projects   implemented   by   another.   These  independent decisions by different groups of managers create a set of conditions leading to  conflict, confusion, and frequently, an unsatisfied customer. 3.         What are the relative advantages and disadvantages of the functional, matrix, virtual and       dedicated team approaches to managing projects? A. Functional Advantages a.) No change b.) Flexibility c.) In-depth expertise d.) Easy post-project transition Disadvantages a.) Lack of focus b.) Poor integration c.) Slow d.) Lack of Ownership B. Matrix 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Advantages a.) Efficient b.) Strong project focus c.) Easier post-project transition d.) Flexible Disadvantages a.) Dysfunctional conflict b.) Infighting c.) Stressful d.) Slow C. Dedicated Advantages a.) Fast b.) Simple c.) Cohesive d.) Cross-functional integration Disadvantages a.) Expensive b.) Internal strife c.) Limited technology expertise d.) Difficult post-project transition D. Virtual Advantages Disadvantages 4.         What questions does a project objective answer?  What would be an example of a good       project objective? A project objective answers the questions of what, when, and how much. For example, a good  project objective is to design and produce a completely portable, hazardous waste, thermal  treatment system in 13 months at a cost not to exceed $13 million. 5.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 8

Midterm Exam - BillFrino CMIS417:ProjectManagement&Practice...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online