a) describe the meaning of “contingency fee”, as it applies to Project Management. Exemplify your answer.
b) Once the implementation phase of a project has been reached, vendor schedules and deliveries have to be defined. Describe fully the four types of vendors that exist on the market. Provide concrete real-life exs to support your answer.
c) What do you understand by:
- Applied research
- Market research
- Reliability (as a product attribute used when developing the ground rules for a product)
d) What is the purpose and goal the design phase?
a) describe fully the activity “Fabricate the Designed Article”, that is normally carried out during the implementation phase.
b) Assume that you are the Project Manager of a team for the development of a computer-based “baby-foot game”. It has been reported to you that conflicts are occurring among certain members of your team. Make propositions of actions you would take to resolve these conflicts.
c) Provide a diagrammatic representation of the interrelated parts of a project. Show clearly the relationship between the different components and briefly describe each of them.
a) Illustrate by means of a diagram, the “external influences” that affect a project. Briefly describe each component therein.
b) The following is an extract of an article published in a business magazine “During the implementation phase, it is important to provide temporary on-site facilities, tools and equipment for the welfare of the project members and for the smooth running of this crucial phase”. describe how the above statement can be put into practice in a project.
c) describe the following terms as they apply to projects and project management.
- A system
- A sub-system
- A function