Project Management Challenges Strategies and Project...

MBA/MIS Project Management Chapters 1 and 2 Project Management Challenges Strategies and Project Selections 1. Two new software projects are proposed to a young, start-up company. The Alpha project will cost $150,000 to develop and is expected to have annual net cash flow of $40,000. The Beta project will cost $200,000 to develop and is expected to have annual net cash flow of $50,000. The company is very concerned about their cash flow. Using the payback period, which project is better from a cash flow standpoint? Why? - The project that has a better cash flow standpoint using the payback period would be the Alpha project. According to the Payback Period, the rate of return on an investment is greater with the Alpha†¦show more content†¦In addition, United did not want their customers to wait for their luggage since several of their gates were more than a mile from the main terminal. The new system was designed was the luggage to go from the plane to the carousel within a 10 minute period. Purpose of this, is to have the luggage arrive before the passengers. (7) What appears to be the single greatest risk in the decision to build DIA? - There’s actually three main risks: cost, human resources and weather. - Cost – The grading of the terminal area was completed at about $5 million under budget and grading the first runway was completed at about $1.8 million under budget. This analyst was lead to believe that the original construction cost was accurate. - Human Resources – The economic recession was hit the hardest by Denver International Airport. At the time it had 500 estimated construction employees. In 1992, it was estimated that 6,000 construction workers would be needed. However, 3,000 were on file, but those employees were questionable if they were qualified of the position. - Bad Weather – During the Winter months, was the greatest risks for the schedule. Lucky winters of ’89-’90 and ’90 – ’91 were decent, which was work had been completed. However, the worse came in the summer of ’90 because of bad weather. (19) What was the function of the project management team (PMT) and why wereShow MoreRelatedChallenges Faced By Senior Management1559 Words   |  7 Pagesessential with a clearer focus of the future. This poses a major problem to senior management because organizations consist of a changing mix of large and small projects which brings new challenges in prioritization of projects, resource planning and monitoring (Elonen and Artto, 2003). According to Engwall and Jerbant (2003) cited in Kaizer et al., 2015, the number of available project alternatives far outnumber the projects an organization can handle at a given time with its limited resources, and makingRead MoreCase Study : High Tech And Global Engineering Group901 Words   |  4 Pagesdevelop the next generations for materials to help customers address their most difficult challenges in a demanding industry. To have profitable growth within energy and energy efficiency by utilizing competence material technology to grow prof itably in the energy sector, primarily in oil and gas. SMT uses strategy enabler that is driven by an execution engine strategy implementation and performance management system. The SMT Business System has areas of operational excellence that implement SafetyRead MoreThe High Quality Road Networks Construction1506 Words   |  7 Pagesdirectly leads to an increase in the nation s economy and its output by reducing the factors. 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