Q1

1.1 Determine three most common problems associated with multi-project resource scheduling. Next, analyze at least three ways in which outsourcing project work alleviates those common problems that you determined.

1.2 From the video, the project charter is a plan or a statement which shows the roles and responsibilities of all stakeholders. Analyze at least three ways in which the project charter can address the types of resource constraints inherent in a business project.

Q2

2.1 Determine two advantages and two disadvantages of reducing project scope to accelerate a project. Justify your responses with examples.

2.2 Per conventional wisdom, shortening project duration may come at the expense of overtime, the addition of personnel, and acquiring more expensive equipment and / or materials. Sometimes, cost savings can be generated by extending the duration of a project. Suggest at least two additional options that can be used to cut costs. Provide a rationale for your suggestion.

Q3

Video 1: THE POWER OF A MERGER: SOUTHWEST

http://www.cengage.com/management/book_content/9781111825874_hitt/videos/southwest_merger.html

3.1 From the video, analyze the essential manner in which the new Southwest-AirTran merger and resulting low-cost structure strategy could maximize both companies' long-term profitability. Support your response with at least two (2) examples that illustrate the manner in which each company would avoid risks associated with becoming too dependent upon its corporate partner.

3.2 From the video, determine the fundamental drawbacks associated with horizontal integration. Suggest another corporate-level strategy that could redefine the Southwest business model and thus allow the company to increase its competitive advantage within a changing industry environment. Provide a rationale to support your response.