Project Management Techniques to Practice Problem Solutions

Course: Code: IT Project Management BIT 361 Handout date: Assignment #: 1 6/2/2014 Home Assignment Student Name: _________________________ Semester: Lecturer: Due date: Spring 2014 Dr. Fadi Abu-Amara Dr. Amer Ibrahim 20/2/2014 Maximum Mark: 100 ID:___________________________________ 1-Learning Outcomes being assessed LO2. Analyze, describe and apply project management techniques to practical problem solutions. 2-Handing in format instructions ï‚ · Sign this page and put it as a cover for your assignment ï‚ · Submit your assignment in hand-writing format. ï‚ · This page will be your assignment coversheet. ï‚ · Sign the second page and include it with your assignment after the coversheet. ï‚ · Work must be†¦show more content†¦How would you classify the following projects in terms of compliance, strategic, and operational? a. Convert the pool heating system from electrical to solar power. b. Renovate the horse barn. c. Convert 12 adjacent acres into a wildlife preserve. d. Update all the bathrooms in condos that are 10 years or older. e. Change hotel brochures to reflect the new image of the hotel. f. Introduce wireless Internet service in cafà © and lounge areas. Task 2: A staff proposed two new software projects for your company. Project-A will cost AED 210,000 to develop and is expected to have annual net cash flow of AED 56,000. ProjectB will cost AED 280,000 to develop and is expected to have annual net cash flow of AED 70,000. The company is very concerned about their cash flow. Using the payback period, which project is better from a cash flow standpoint? Why? Task 3: A five-year project has a projected net cash flow of AED 15,000, AED 25,000, AED 30,000, AED 20,000, and AED 15,000 in the next five years. It will cost AED 50,000 to implement the project. If the required rate of return is 20%, conduct a discounted cash flow calculation to determine the NPV. Task 4: Develop a WBS for a project in which you are going to build a bicycle. Try to identify all of the major components and provide three levels of detail. 3 Course: Code: IT Project Management BIT 361 Handout date: Assignment #: 1 6/2/2014 Home Assignment Semester:Show MoreRelatedQuality Of Quality Management Process919 Words   |  4 PagesQuality Management process is a set of procedures that are followed to ensure that deliverables that are produced by a team that comply with standards. The start of a Quality Management process involves setting quality levels, which agree with the customer. Quality Assurance along with Quality Control Process are measured and reported to the actual quality of deliverables. Part of the Quality Management Processes are quality issues are identified and resolved quickly. A Quality Management ProcessRead MoreThe Basic Components Of Launching Learning Organization1711 Words   |  7 Pagescommitment. 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