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- The Measurable Organizational Value (MOV) is the goal of the project and is used to define the value that your project will bring to your client. To provide real value to an organization, a project must align with and support the organization's vision, mission, and strategy. Explain the importance of a project’s MOV supporting an organization’s mission and strategies. What are the downside impacts of a project that does not align with those elements?What are the main challenges and considerations in choosing an appropriate system modeling approach for a specific project?What exactly is meant by the term "dynamic programming," and how does the process work?
- The initial step in developing an IFE Matrix is A)attaching a cost to each discrete activity. B)assigning weights to key internal factors. C)assigning ratings to key internal factors. D)obtaining weighted scores. E)developing a full and narrow list of key internal factorsHow can stakeholders' involvement in requirement analysis help ensure project success, and what challenges may arise in this process?How can project managers ensure that the project deliverables meet the client's requirements in a time and cost-constrained project?
- What factors do you think are important to take into account when considering the feasibility of a particular project for planningDescribe the process of requirement prioritization and how it helps in making informed decisions during project planning.Constraints are those factors that can limit a project. Which of the following are considered constraints (choose all that apply)? a. Quality b. Strategic Plan c. Risks d. Requirements e. People and Materials f. Project Management Information System
- The owner of Maxwell's Coffee and Cakes wants to start selling products that feature her coffee shop's logo. Her first product will be backpacks which she will sell for $137.44 each. She can buy the backpacks for $21.97 and have them customized for $10.92 apiece. There is a one-time set up charge of $1,525.15 for customization. In order for the project to go forward, she needs to show a $14,718.68 profit. How many backpacks will she have to sell in order for this project to be acceptable? Round to the nearest whole number.How is quality control of a project different from quality control of a manufacturing process?III. Evaluate the below statement according to the project management life cycle In this phase of project life cycle: it involves finalizing the whole project and make sure the functionality of the components and the whole system. Choose... In this phase of project life cycle: try to make the plan to come true by converts blue prints and specifications into physical Choose... structure. In this phase of project life cycle: It involves dealing with suppliers, contractors and subcontractors and ordering project Choose... resources. In this phase of project life cycle: preparing the needed document and plans for the project such as blue prints and Choose... specifications for the project. In this phase of project life cycle: starting with developing the Choose... project Idea by recognizing need for the project. In this phase of project life cycle: preparing evaluation and status reports, what if there is need to do some changes in Choose... quality. Choose.. Delivery Phase Execution…