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

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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
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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.
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This note was uploaded on 04/17/2011 for the course COMPUTER S 101 taught by Professor Xxx during the Spring '11 term at Holy Family University.

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

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