MS3125 Business Project Management
Group project ABC [20% of course marks]: An Idea for a Better Community
Group size: not more than 4
Deliverables: (i) Presentation on Thursday 24 November 2016 (Week 13). Every member must
present an individual section.
MS3125 Business Project Management: Computer Exercise (Week 7)
The POM+ Project
A project plan is not a schedule until resources are committed.
Make a copy of your file from Part 1. In the new file, input resources and their costs. All
MS3125 Business Project Management
Topics covered in Computer Test (1 hour 45 minutes during class on 10 November 2016)
2 (Project selection)
(payback, net present value,
benefit-cost ratio, internal rate of
MS3125 Business Project Management: Computer Exercise (Week 3)
Objective: Applying project management principles and understanding linkages with a
project management software
The POM+ Project: Background
Big Kola Company has been concerned that speciali
Past examination paper for reference only.
Section A (40 marks)
1. Advantages of outsourcing project work may likely include all of the following
a. Shortened project completion
b. Higher level of expertise
c. Reduced conflict
d. Increased flexi
MS3125 Business Project Management: Exercise on Managing Risk (Week 6)
You have been asked to use the expected-value model to assess the risk in developing a new
product. Each strategy requires a different sum of money to be invested and prod
Annual savings (for 5 years)
Payback period =
Project cost/annual savings
Rate of return =
Rate of return
Exercise on Quality Management (Week 12)
A trucking company has had several complaints about late deliveries. The company tries to deliver all of
its freight in 12 hours on average. Weekly samples of 25 customers are taken and exhibit an aver
Below is a project WBS with cost apportioned by percents. If the total project is estimated to be
$600,000, what is the estimated cost for the deliverable Design, Programming and In-house testing,
Create a spreadshe
1. In CPM, _ are specified.
a) exact levels of uncertainty associated with activities
b) an expected time, a crash time, and the standard deviation time
c) three costs
d) Two activity times and two costs*
Response: Refer to the section: Critical
1. The project plan must be designed in such a way that the project outcome meets _.
a) the objectives of the parent organization *
b) unauthorized requests for change in the project outcome
c) the requirements associated with scope creep
1. If a project budget is over funded, it will often _.
a) produce waste
b) encourage slack management
c) improve morale
d) produce waste and encourage slack management*
Response: Refer to the section: Introduction.
2. If a project budget is und
1. The authors identify three forces that combine to mandate the use of teams to solve problems. Identify the force that
the authors named.
a) explosion in the growth of certified project managers
b) worldwide acceptance of the Project Managemen
1. Identify the attribute that is NOT normally associated with the job of functional manager.
a) The functional manager is usually a generalist in the area being managed.*
b) The functional manager is responsible for deciding what resources will
1. The authors recommend preparing a schedule for each _.
a) work package in the WBS
b) task in the WBS
c) major task level in the WBS*
d) project that has a WBS
Response: Refer to the section: Background
2. In application, PERT(ADM) has primari