Attempt all the problems.
problem1) Describe implementation of six sigma in project management.
problem2) What is project portfolio management? could it be used with earned value management?
problem3) (a) What problems might occur if project manager does not have follow on project when the current project nears termination?
(b) What factors are considered most important in the decision to terminate a project?
problem4)(a) Describe the relationship between motivation and control?
(b) When must be Audit be performed during a project? describe various stages of Audit life cycle.
Mr. Meson is director of software consultancy company. Company provides consultancy in web designing and web based application development. The company was performing very well from last few years, but now facing difficulty in winning new contracts. Preparing proposals for new contracts from prospective customers and sometimes giving presentation is becoming expensive affair for the company. Clients also expect some prototype development before awarding new contract. Spending time and resources for all these activities is proving costly affair.
Mr. Meson adopts aggressive approach to risk and like to bid the project with high payoff. For bidding a project, Mr. Meson focuses on the profit potentials and the on how challenging the project is. His strategy is now causing problem due to high investment in preparing proposal, yet getting few contracts.
problem5) Case problems:
a) What strategy Mr. Meson should adopt for bidding for new project?
b) What must Mr. Meson and his company do to get better understanding and evaluation of project risk?