You are the project manager in charge of construction of a new school building. Give one possible example each of a known known, known unknown, and unknown unknown you might encounter.
known known would be found in the initial stages of planning where a known issue happens tobe found and is prepared to be corrected. For example, the survey crew determines that additional fill dirt is needed as the soil cannot pass inspection. So, they add this expense into theestimates to take care of this issue.A known unknown are items that may or may not happen. For example, weather could prevent the construction crews to continue working. Some outside work cannot be done in inclement weather.
Unknown Unknown is the worst of all. We are not aware of its existence and hence can’t action on it in the usual. This is also known as ‘force majeure’ or ‘act of god’. The so called ‘unknown unknown’ is handled by using a Management reserve. It is a separately planned quantity of money used to allow for future situations which are impossible to predict. ("Unknown unknowns") Management reserves are intended to reduce the risk of missing cost or schedule objectives
You are the project manager in charge of construction of a new school building. Give one...
the project task: the new Project manager is appointed you for the construction of a new warehouse on site.;create dependency relations/ set milestones and control points. question: list and discuss the milestones and the deliverables for each, be very specific about each milestone, including the project finish milestone.
the project task: the new Project manager is appointed you for the construction of a new warehouse on site. allocate resources to task(activity detail), present the cost estimates, with sub-totals at each level and overall estimated cost, discuss efforts to save costs, resources histogram.
the project task: the new Project manager is appointed you for the construction of a new warehouse on site. question: stakeholder management process; list the project stakeholders and provide an outline of stakeholder management process for the project.
the project task: the new Project manager is appointed you for the construction of a new warehouse on site. Question: brief explanation of the phases that the project will go through, the problem/reasons why a new warehouse is required, the background and project goals.
the new Project manager is appointed you for the construction of a new warehouse on site. question: define completion criteria, by providing clear outline of project deliverables and acceptable quality standards.
As the Project Manager on the construction of a new hotel you have developed a project management plan that you believe is realistic and will be formally approved. The organizational assets that influenced the development of the plan may include all of the following except: A. Project management plan templates B. Risk register from a past project C. Change control procedures D. Business case for the project
A new school building was recently built in the area. The entire cost of the project was $16,000,000$16,000,000. The city has put the project on a 2020-year loan with an APR of 2.9%2.9%. There are 23,00023,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.
A building contractor is preparing a bid on a new construction project. Two other contractors will be submitting bids for this project. In this case, the lowest bid wins the contract. Based on past bidding practices, bids from the other contractors can be described by the following probability distributions (PLEASE SHOW IN EXCEL WITH FORMULAS FOR FULL RATING) A. Suppose the building contractor submits a bid of $650,000, what is the probability that the contractor submits the lowest bid and...
Assume that you are the project manager for an upcoming new information systems project designed to replace your organization's old inventory management system. The server and database will also be upgraded. Name one risk of project derailment or failure that you might anticipate? How might you mitigate this risk?
Choose one of the following projects: a project to build a hotel in Japan, a project to build a new prototype for an electric car, or an IT project to create a new internal accounting software system. As a project manager, what are some of the specific cost estimation problems you might encounter? Considering those potential problems, what could you do to help ensure accurate cost estimation? Please limit to 250 words. Thank you!