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Project Management

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I need answers to the following questions:

1. If there is a tendency to overestimate project activity durations, and add contingency buffers to the end of a project, do so many projects come in behind schedule? (8)

2. How does earned value give a clearer picture of project schedule and cost status than a simple plan versus actual system?(13)

3. What are the major differences between managing negative risks versus positive risks (opportunities)? (7)

4. 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? (7)

5. “We aren’t big enough to have a project office, but we need the discipline of project management methods and standards.” What advice would you give the CEO of this organization? Justify. (16)

6. Explain to a fellow student the major benefits of project management oversight to the organization. (16)

7. Why is it critical to develop a time-phased baseline? (8)

8. How does earned value give a clearer picture of project schedule and cost status than a simple plan versus actual system?

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