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1- Question one:
Explain using your own words the following sentence: “Project
1- Question one:
Explain using your own words the following sentence: “Project
managers play a key role in helping projects and organizations succeed”.
2- Question Two:
Explain why it is much more expensive to make major changes to a project during later phases of the project life cycle.
3- Question Three:
Perform a financial analysis for a project using the format table provided in Module 4. Assume the projected costs and benefits for this project are spread over four years as follows: Estimated costs are $150,000 in Year 1 and $35,000 each year in Years 2, 3, and 4. Estimated benefits are $0 in Year 1 and $85,000 each year in Years 2, 3, and 4. Use a 12 percent discount rate, and round the discount factors to two decimal places. Create a table to calculate and clearly display the NPV, ROI, and year in which payback occurs. In addition, write a paragraph explaining whether you would recommend investing in this project, based on your financial analysis.
4- Question Four:
Project monitoring and controlling is done throughout the life of a project and involves all 10 project management knowledge areas.
Why monitoring and controlling is important?
Discuss at least two ways to monitor and control a project.
_______________________________________________________________________
You must submit two separate copies (one Word file and one PDF file) using the Assignment Template (attached)
It is your responsibility to check and make sure that you have uploaded both the correct files.
Zero mark will be given if you try to bypass the SafeAssign (e.g. misspell words, remove spaces between words, hide characters, use different character sets, convert text into image or languages other than English or any kind of manipulation).
Email submission will not be accepted.
You are advised to make your work clear and well-presented. This includes filling your information on the cover page.
You must use this template, failing which will result in zero mark.
You MUST show all your work, and text must not be converted into an image, unless specified otherwise by the question.
Late submission will result in ZERO mark.
The work should be your own, copying from students or other resources will result in ZERO mark.
Use Times New Roman font for all your answers.
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