Discussion Questions Oje
1. You have used the three-point method to estimate the duration of an activity that you know will be critical to the project. The estimate produces a very large difference between the optimistic and pessimistic estimates. What actions might you take, if any, regarding this activity?
2. Discuss a project on which you've worked where time was the major factor in determining the success or failure of the project. What did you do about cost considerations? Did the sponsor(s) agree with the added cost? Was the project successful?
3. Prepare a simple budget showing an order of magnitude estimate, a budget estimate, and a definitive estimate. What did you have to do to make each successive budget closer to the final working budget?
Case Study
You are going to do a presentation to the board of Jack Neift Trucking (see the Introduction for the case study). You are the outside project manager, Sal Vation. Here are some of the topics you are going to present to the board. Where will you go to find the information for the presentation?
The topics are as follows:
1. Buy versus make—How did you come to the decision to build the application in-house?
2. What are the risks inherent in building a new application?
3. What means will you use to control costs? Will savings be passed along to the Jack Neift Trucking Company?
4. If time, cost, and quality are the three major constraints of a project, which one do you think is the most important to Jack Neift? Defend your answer. How will this be put into your presentation for the board?
Please put time values in MS Project based on your WBS and the major constraint you determined in Question 4. These time values mean you must consider the constraint as part of your scheduling requirements.
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