Question-1

 Assigned Readings:

Chapter 1. Introduction

Chapter 2. Process Approach to Project Management

Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.Also, provide a graduate-level response to each of the following questions:

  1. Find a recent news article on an ongoing project, evaluate the management’s performance, and explain how the project could be better organized and managed.
  2. Discuss the pros and cons of the spiral project life-cycle model and the waterfall project life-cycle model. How are the processes in the PMBOK related to each other? Give a specific example.

Question-2 

Assigned Readings:

Chapter 3. Engineering Economic Analysis

Chapter 4. Life-Cycle Costing 

Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter. Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion. Also, provide a graduate-level response to each of the following questions:

  1. American businesses have often been criticized for short-term thinking that places too much emphasis on payback period and ROR. When Honda started making cars in the early 1970s, for example, the chief executive officer stated that the firm would be “willing to accept an ROR no greater than 2% or 3% for as long as it took to be recognized as the best car maker in the world.” In light of the success of many Japanese firms, is the criticism of American business justified?
  2. Most countries have a progressive income tax system whereby each dollar earned in incrementally higher tax brackets is taxed at an increasingly higher rate. Do you think that a flat tax system would be more fair? How about a proportional tax system? Explain your answer.

Question 3

 Assigned Readings:

Chapter 5. Portfolio Management—Project Screening and Selection

Chapter 6. Multiple-Criteria Methods for Evaluation and Group Decision Making

Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.Also, provide a graduate-level response to each of the following questions:

  1. Identify a project that you are planning to pursue either at home or at work. List all of the components, decision points, and chance events. What is the measure of success for the project? Assuming that there is more than one measure, how can you reconcile them?
  2. What experiences have you had with group decision making? What difficulties do you see arising when trying to perform a multiple-criteria analysis with many interested parties involved? How might these difficulties be overcome, or at least mitigated?

Question-4

 Assigned Readings:

Chapter 7. Scope and Organizational Structure of a Project

Chapter 8. Management of Product, Process, and Support Design

Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.Also, provide a graduate-level response to each of the following questions:

  1. Describe the organizational structure of your school or company. What difficulties have you encountered working within this structure?
  2. Write a job description for a project manager in a matrix organization. Assume that only the project manager is employed full time by the project.

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