1. Explain the roles and responsibilities of Enterprise Project Manager?
2. You have two projects from which to choose:
– Project A with a payback period of 10 months
– Project B with a payback period of 20 months. Which one would you prefer and explain why?
3. You have two projects to choose from:
Project A with an NPV of $105,000 or Project B with an NPV of $35,000. What is the opportunity cost?
Imagine that you are the project manager for a project. While reviewing the cost estimates for the project you notice that one of the cost estimates for an element in the WBS is 20% higher than previous project for very similar work. What should you do next?
- Together with your team, you applied three-point estimation on a Critical path which consists of two activities. The following duration uncertainties are all calculated assuming a ±3 sigma Confidence interval. The duration uncertainty—defined as pessimistic minus optimistic estimate—of the first activity is 18 days; the second estimate has an uncertainty of 24 days. Applying the PERT formula for paths, what is the duration uncertainty of the entire path?
- Your project exceeded costs in the past caused by an underestimation of resource costs in the cost baseline: PV: $1,200,000, EV: $1,000,000, AC: $1,200,000 You expect the underestimation to influence the future as much as it did in the past. If the BTC (Budget to complete) is at $1,000,000, what should be your new EAC (Estimate at Completion)?
