MGMT 340 Week 2 Course Project Homework & Quiz

Petrie’s Electronics Case, Chapter 3, Questions 1, 2, and 3
1. What  qualities  might  Jim  possess  that  would make him a successful project manager?
2. How do you think Jim should respond to Ella’s implied pressure about the importance of the project to her?
3. What strategies might Jim employ to deal with a very  busy  team  member  such  as  Carmen Sanchez? 
Petrie’s Electronics Case, Chapter 4, Questions 1, 2, and 3
1. Look over the scope statement (PE Figure 4-1). If you  were  an  employee  at  Petrie’s  Electronics, would you want to work on this project? Why or why not?
2. If  you  were  part  of  the  management  team  at Petrie’s  Electronics,  would  you  approve  the project  outlined  in  the  scope  statement  in  PE Figure  4-1?  What  changes,  if  any,  need  to  be made to the document?
3. Identify a preliminary set of tangible and intangible costs you think would occur for this project and  the  system  it  describes.  What  intangible benefits do you anticipate for the system? 

• MGMT 340 Week 2 Problems/Exercises

Chapter 3
2. What are some sources of risk in a systems analysis and design project, and how does a project manager cope with risk during the stages of project management?
4. Suppose  that  you  have  been  contracted  by  a jewelry store to manage a project to create a new  inventory  tracking  system.  Describe your  initial  approach  to  the  project.  What should your first activity be? What information would you need? To whom might you need to speak?
Chapter 4
1. The economic analysis carried out during project identification and selection is rather superficial. Why is this? Consequently, what factors do you think tend to be most important for a potential project to survive this first phase of the life cycle?
6. Assuming monetary benefits of an information system  at  $85,000  per  year,  one-time  costs  of $75,000, recurring costs of $35,000 per year, a discount  rate  of  12  percent,  and  a  five-year time horizon, calculate the net present value of these costs and benefits of an information system.  Also  calculate  the  overall  return  on  investment  of  the  project  and  then  present  a break-even analysis. At what point does breakeven occur?

1. Question : (TCO 2)Which of the following is NOT a project management phase?
   2. Question : (TCO 2)Developing an understanding of the content and complexity of the project is the purpose of
   3. Question : (TCO 2) During which of the following project planning activities do you use the information regarding tasks and resource availability to assign time estimates to each activity in the work breakdown structure?
   4. Question : (TCO 2) The third phase of the project management process in which the plans created in the prior phases are put into action is
   5. Question : (TCO 2) The final phase of the project management process that focuses on bringing a project to an end is called
   6. Question : (TCO 2) Slack time is equal to
   7. Question : (TCO 2) A technique that uses optimistic, pessimistic, and realistic time to calculate the expected time for a particular task best defines
   8. Question : (TCO 2) Which of the following is one of the three primary activities associated with identifying and selecting IS development projects?
   9. Question : (TCO 2) The ratio of the net cash receipts of the project divided by the cash outlays of the project, enabling trade-off analysis to be made between competing projects, is often referred to as
   10. Question : (TCO 2) A benefit derived from the creation of an information system that can be measured in dollars and with certainty is a(n)