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Successful projects are not about knowing the processes and preparing a series of documents. It is also about getting the expected results, outcomes, and value.
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Engineeringly
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3 weeks ago | [YT] | 3
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Engineeringly
We’ve reached one of our milestones on this channel. Thanks to everyone who has supported our channel!
2 years ago | [YT] | 1
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Engineeringly
A company is considering two projects, Alpha and Beta. Project Alpha is expected to result in a $50 million net profit, while project Beta and is expected to net $45 million. Both projects could be very lucrative and rewarding. However, the financial controller has stated that the company can only invest in one of these projects.
If project Alpha is selected, what will be the opportunity cost?
2 years ago | [YT] | 1
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Engineeringly
During the middle of a technical project, a key team member is requested to shift to another project. This is a risky approach, according to the team, and they are concerned. Which action will help to resolve the issue?
2 years ago | [YT] | 0
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Engineeringly
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2 years ago (edited) | [YT] | 0
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Engineeringly
An accepted deadline for project approaches. However, the project manager realizes only 75% percent of the work has been completed. The project manager then issues a change request. What should the change request authorize?
2 years ago | [YT] | 0
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Engineeringly
You have just been assigned as the project manager for an ongoing project in your company. You have discovered there is no Project Charter that describes the responsibilities and authorities of the project manager. When you talked to your project sponsor about the issue, he told you that nobody in the company even knows what a Project Charter is or what purpose it serves. He also told you that your company has executed numerous projects in the past without ever using a Project Charter. However, he asked you to prepare one just in case it is really a necessary project document. Where should you look for a Project Charter template to update in order to meet your project requirements?
2 years ago | [YT] | 0
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Engineeringly
If a risk has a 20 percent chance of happening in a given month, and the project is expected to last five months, what is the probability that the risk event will occur during the fourth month of the project?
2 years ago | [YT] | 0
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Engineeringly
You’re a project manager, where do you stand in a strong matrix organization compared to the functional manager in terms of authority?
2 years ago | [YT] | 0
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Engineeringly
Steven is a project manager for a software company. He is outsourcing a long-term software project to an external company. The company will charge Steven’s project $30/hour per employee and $550 overhead per month. What is the type of this contract?
2 years ago | [YT] | 0
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