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Question: How are the work breakdown structure and


How are the work breakdown structure and change control connected?


> You are a test engineer on the Bridge project at Ryman Pharmaceuticals in Nashville, Tennessee. You have just completed conductivity tests of a new electrochemical compound. The results exceeded expectations. This new compound should revolutionize the in

> You are responsible for installing the new Double E production line. Your team has collected estimates and used the WBS to generate a project schedule. You have confidence in the schedule and the work your team has done. You report to top management that

> You work for a large consulting firm and were assigned to the Gold Star LAN project. Work on the project is nearly completed and your clients at Gold Star appear to be pleased with your performance. During the course of the project, changes in the origin

> Define a project. What are five characteristics that help differentiate projects from other functions carried out in the daily operations of the organization?

> You are driving to a project status report meeting with your client. You encountered a significant technical problem on the project that has put your project behind schedule. This is not good news because completion time is the number one priority for th

> Garth Hudson was a 29-year-old graduate of Eastern State University (ESU) with a B.S. degree in management information systems. After graduation he worked for seven years at Bluegrass Systems in Louisville, Kentucky. While at ESU he worked part time for

> Cerberus is a successful producer of specialty chemicals. It operates nine large campus sites in the United States, with a number of different business units on each site. These business units operate independently, with direct reporting to corporate he

> Tom Bray was mulling over today’s work schedule as he looked across the bay at the storm that was rolling in. It was the second official day of the Pegasus project and now the real work was about to begin. Pegasus was a two-month renovation project for

> How can a cost-duration graph be used by the project manager? Explain.

> It is possible to shorten the critical path and save money. Explain how.

> What are the advantages and disadvantages of reducing project scope to accelerate a project? What can be done to reduce the disadvantages?

> What are five common reasons for crashing a project?

> Reducing the project duration increases the risk of being late. Explain.

> Identify four indirect costs you might find on a moderately complex project. Why are these costs classified as indirect?

> What is the impact of governance on managing an individual project? Why is this approach important in today’s environment?

> Why is scheduling overtime a popular choice for getting projects back on schedule? What are the potential problems for relying on this option?

> Given the data and information that follow, compute the total direct cost for each project duration. If the indirect costs for each project duration are $90 (15 time units), $70 (14), $50 (13), $40 (12), and $30 (11), compute the total project cost for e

> Use the information contained below to compress one time unit per move using the least cost method. Reduce the schedule until you reach the crash point of the network. For each move identify what activity (ies) was crashed and the adjusted total cost.

> Use the information contained below to compress one time unit per move using the least cost method. Reduce the schedule until you reach the crash point of the network. For each move identify what activity (ies) was crashed and the adjusted total cost. N

> Use the information contained below to compress one time unit per move using the least cost method. Reduce the schedule until you reach the crash point of the network. For each move identify what activity (ies) was crashed and the adjusted total cost. N

> Use the information contained below to compress one time unit per move using the least cost method. Reduce the schedule until you reach the crash point of the network. For each move identify what activity (ies) was crashed, the adjusted total cost, and e

> Use the information contained below to compress one time unit per move using the least cost method. Assume the total indirect cost for the project is $2,000 and there is a savings of $100 per time unit reduced. Calculate the total direct, indirect, and p

> If the indirect costs for each duration are $300 for 27 days, $240 for 26 days, $180 for 25 days, $120 for 24 days, $60 for 23 days, and $50 for 22 days, compute the direct, indirect and total costs for each duration. What is the optimum cost-time schedu

> Use the information contained below to compress one time unit per move using the least cost method. Assume the total indirect cost for the project is $700 and there is a savings of $50 per time unit reduced. Record the total direct, indirect, and project

> You are the assistant project manager to Rassy Brown, who is in charge of the Nightingale project. Nightingale was the code name given to the development of a handheld electronic medical reference guide. Nightingale would be designed for emergency medic

> Go to an Internet search engine (e.g., Google) and type in “project communication plan.” Check three or four that have “.gov” as their source. How are they similar or dissimilar? What would be your conclusion concerning the importance of an internal comm

> Each year countries enter their sailing vessels in the nine-month Round the World Whitbread Sailboat Race. In recent years, about 14 countries entered sailboats in the race. Each year’s sailboat entries represent the latest technologie

> Given the project network derived in Part A of the case from Chapter 7, Brown also wants to be prepared to answer any questions concerning compressing the project duration. This question will almost always be entertained by the accounting department, rev

> Several complications arose during the course of trying to meet the deadline of January 20 for the “Now” Wedding rehearsal. Since Lauren was adamant on having the wedding on January 21 (as was Connor for obvious reasons), the implications of each of the

> On December 31 of last year, Lauren burst into the family living room and announced that she and Connor (her college boyfriend) were going to be married. After recovering from the shock, her mother hugged her and asked, “When?” The following conversatio

> Rassy and the team were concerned with the results of your analysis. They spent the afternoon brainstorming alternative ways for shortening the project duration. They rejected outsourcing activities because most of the work was developmental in nature a

> How does resource scheduling tie to project priority?

> Why is it critical to develop a time-phased baseline?

> How does resource scheduling reduce flexibility in managing projects?

> Explain how time is wasted in management of projects.

> Buffers are not the same as slack. Explain.

> Why is the implementation of projects important to strategic planning and the project manager?

> Distinguish between project and feeder buffers.

> Present six reasons scheduling resources is an important task.

> Explain the risks associated with leveling resources, compressing or crashing projects, and imposed durations or “catch-up” as the project is being implemented.

> How can outsourcing project work alleviate the three most common problems associated with multiproject resource scheduling?

> We have smashing systems for reporting, tracking, and controlling costs on design projects. Our planning of projects is better than any I have seen at other companies. Our scheduling seemed to serve us well when we were small and we had only a few projec

> Jack and Jill Smith have just retired and want to build a small, basic cabin in the Blue Mountains of Vermont. They have hired Daryl Hannah as the general contractor for the project. She has assembled a team of three workers to complete the project: Tom

> Check out the Goldratt Institute’s homepage at http://www.goldratt.com for current information on the application of critical-chain techniques to project management.

> Apply critical-chain scheduling principles to the Print Software, Inc., project. Revise the estimated time durations by 50 percent except round up the odd time durations (i.e., 3 becomes 4). Draw a CCPM network diagram similar to the one contained in Fig

> What is the difference between mitigating a risk and contingency planning?

> What is the difference between avoiding a risk and accepting a risk?

> Develop a communication plan for an airport security project. The project entails installing the hardware and software system that (1) Scans a passenger’s eyes (2) Fingerprints the passenger (3) Transmits the information to a central location for evalua

> What are the likely outcomes if a change control process is not used? Why?

> Project risks can/cannot be eliminated if the project is carefully planned. Explain.

> What are the major differences between managing negative risks versus positive risks (opportunities)?

> Explain the difference between budget reserves and management reserves.

> The chances of risk events occurring and their respective costs increasing change over the project life cycle. What is the significance of this phenomenon to a project manager?

> The Manchester United Soccer Tournament project team has identified the following potential risks to their project: Referees failing to show up at designated games. Fighting between teams. Pivotal error committed by a referee that determines the outcom

> Search the Web using the key words: “best practices, project management.” What did you find? How might this information be useful to a project manager?

> Bill (Senior VP of product development): Carlos [project manager], we have to talk. I am concerned about the way we manage project risk here at Futuronics. I just came from an international “Future Mote Devices” meeting at UC Berkeley. [Note: A mote is a

> The expected times and variances for the project activities are given below. What is the probability of completing the project in 25 periods? Varlance ID Description Prodecossor Pilot production Select channels of distrib. Develop mktg. program Non

> Individually, identify projects assigned in previous terms. Were both sociocultural and technical elements factors in the success or difficulties in the projects?

> Rachel, the project manager of a large information systems project, arrives at her office early to get caught up with work before her co-workers and project team arrive. However, as she enters the office she meets Neil, one of her fellow project manager

> Beach Corporation purchases tickets to sporting events and uses them to entertain customers. In the current year Beach Corporation purchases the following tickets: 100 tickets to football games (face value of the tickets is $7,000) ……………. $10,000 A skyb

> Milt, a self-employed attorney, incurs the following expenses in the current year: Dues paid to the local chamber of commerce ………………………..……. $ 1,000 Business lunches for clients and prospective clients (Milt does

> Amelie is an employee who uses her personal automobile in connection with her job. During 2017, Amelie drove her car a total of 28,000 miles. Her business log shows that she drove 22,400 miles for business purposes. She is reimbursed $0.30 per mile from

> Michelle is an employee who must use her personal automobile for employment-related business trips. During 2017, Michelle drives her car 60% for business use and incurs the following total expenses (100% use of car): Gas and oil …………………………………………... $12,

> Cassady, an employee of a law firm, maintains an office at the principal business location of her firm. She frequently travels directly from her home to client locations within and outside the metropolitan area. Cassady is not reimbursed for her transpor

> In the current year, Melissa, a single employee whose AGI is $100,000 before any of the items below, incurs the following expenses: Safe deposit box rental for investments …………………………………………. $ 100 Tax return preparatio

> Maxine incurs the following employment-related business expenses in the current year: Professional dues and subscriptions ………………………………………………….. $1,000 Airfare and lodging …………………………………………………………………………….. 2,000 Local transportation for employment- related

> In the current year, Mike’s AGI is $50,000. Mike has no miscellaneous itemized deductions other than the employment-related expenses listed below. Mike attends a professional trade association convention in Los Angeles. He spends three days at the meetin

> Marilyn, a business executive who lives and works in Cleveland, accepts a temporary out-of-town assignment in Atlanta for a period of ten months. Marilyn leaves her husband and children in Cleveland and rents an apartment in Atlanta during the ten-month

> Mary is an employee of ABC Corporation and incurs $3,600 of unreimbursed employment-related travel and entertainment expenses during the current year. These business expenses include the following: Airfare …………………………………………………………………………….. $1,500 Taxi far

> Five years ago, Brian and his brother Boyd formed Stewart Corp., a golf apparel manufacturing corporation. At that time, Brian contributed $300,000 to the corporation in exchange for 50% of its stock. During the current year, Brian needed some cash to pu

> In each of the following independent cases, determine the amount of the charitable contribution and the limitation that would apply. In each case, assume that the donee is a qualified public charity. a. Sharon donates a tract of land to a charitable org

> Monique is a self-employed manufacturer’s representative (i.e., an independent contractor) who solicits business for numerous clients and receives a commission based on sales. She incurs the following expenditures during the current year: Airfare and lo

> Mike incurs the following employment-related expenses in the current year: Actual automobile expenses……………………………………………$ 2,500 Moving expenses (deductible under Sec. 217)……………………4,000 Entertainment expenses……………………………………………………1,500 Travel expenses (inclu

> David is on the audit staff of a national accounting firm. He has been with the firm for three years and is a CPA. David has applied and been accepted into a prestigious MBA program. The program is two years in duration. David has decided to resign from

> Juan, a self-employed medical doctor, maintains an office in his home where he maintains patient records and performs billing procedures. Most of his time is spent visiting patients and performing surgical procedures in the operating room at several loc

> Jeremy is an executive for Columbia Corporation, which is going through a restructuring of its corporate headquarters operations. Columbia has offered to relocate Jeremy from its New York headquarters to its divisional operation in South Carolina and wil

> Georgia is an executive who recently completed an assignment with her employer at an away-from-home location. It was realistically expected that the assignment would be completed in 15 months but the actual time period was only 11 months. Georgia incurre

> The owner of an unincorporated small business is considering whether to establish a simplified employee pension (SEP) plan for its employees. a. What nontax factors might make a SEP attractive as an alternative to establishing a qualified pension or pro

> Discuss the major features of a Coverdell Education Savings Account (CESA).

> Sally, who is single and age 40, made deductible IRA contributions in several early years, but has not been eligible to make deductible IRA contributions for the last 5 years because she is covered under her employer’s plan. Her AGI is $100,000. She is i

> On September 30 of the current year, Fox Corporation files for bankruptcy. At the time, it estimates that the total FMV of its assets is $725,000, whereas the total amount of its outstanding debt amounts to $950,000. Fox Corporation has been engaged in t

> Your client, Charley Long, age 40, has requested your advice with respect to his IRA. He has a traditional IRA with a balance of $250,000 and his current AGI is $150,000. He expects his income to increase slightly when he retires at age 65. Charley has b

> Donna is an attorney who renders volunteer legal services to a Legal Aid Society, which provides legal advice to low-income individuals. The Legal Aid Society is a qualified charitable organization. During the current year she spends a total of 200 hours

> Would you be more favorably inclined to advise a 30-year-old individual to establish a traditional deductible IRA or a Roth IRA? Explain. Consider any tax problems involved if the IRA funds are needed before age 59 ½. Would your answer change for a 55-ye

> Discuss the essential differences between a traditional IRA and a Roth IRA.

> What limitations are placed on self-employed individuals for contributions made to defined contribution H.R. 10 plans? Must self-employed individuals cover their full-time employees if an H.R. 10 plan is established?

> Is a self-employed individual, who is also employed and covered by an employer’s qualified pension plan, eligible to establish an H.R. 10 or a SEP plan on his or her self-employment income?

> What difference does it make if a nonqualified stock option has a readily ascertainable FMV on the grant date?

> List and discuss the qualification requirements for an incentive stock option plan (ISO). Describe the advantages and disadvantages of ISOs compared to nonqualified stock option plans.

> A recently-formed corporation is considering going public and anticipates substantial future appreciation in its stock. Would it be advisable for an executive/employee receiving stock (restricted property) to elect to recognize income immediately under S

> Why are nonqualified deferred compensation plans particularly well-suited for use in executive compensation arrangements?

> During the current year, Karen sells her entire interest in Central Corporation common stock for $22,000. She is the sole shareholder, and originally organized the corporation several years ago by contributing $89,000 in exchange for her stock, which qua

> Discuss the limitations and restrictions that the Internal Revenue Code places on employer contributions to qualified pension and profit-sharing plans.

> Explain how distributions from a qualified pension plan, which are made in the form of annuity payments, are reported by an employee under the following circumstances: a. No employee contributions are made to the plan. b. The pension plan provides for

> Assume all the same facts as in Problem I:7-51 except that James’ salary income is $130,000 instead of $70,000 and that he does not make the election. Compute James’ taxable income for the year. Problem 7- 51: During 2017, James, a single, cash method t

> Babson Corporation is proposing the creation of a qualified profit-sharing plan for its employees. The proposed plan provides for vesting of employer contributions after 20 years because the company wants to discourage employee turnover and does not feel

> Austin Corporation is proposing the establishment of a pension plan that will cover only employees with salaries in excess of $150,000. No other employees are covered under comparable qualified plans. What problems (if any) do you envision regarding the

> What is the difference between a defined benefit pension plan and a defined contribution pension plan?

> Compare and contrast the tax advantages accruing to employers and employees from the establishment of a qualified pension or profit-sharing plan versus a nonqualified deferred compensation arrangement (e.g., a restricted property plan).

> Discuss whether any of the following individuals are entitled to an office-in-home deduction: a. Maggie is a self-employed management consultant who maintains an office in her home exclusively used for client meetings and other business-related activiti

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