Project Selection and Organization Strategies

 Week 1 Assignment Assignment Rubic Chapter 2 Homework Questions Possible Points Earned Points EX 2: Correct Answer and work shown supporting the correct answer. 5 EX 3: Correct Answer and work shown supporting the correct answer. 5 EX 4: Correct Answer and work shown supporting the correct answer. 10 EX 4 Explanation provided and is correct 10 EX 6 Correct Answer and work shown supporting the correct answer. 10 EX 6 Explanation provided and is correct 10 EX 7A: Correct Answer and work shown supporting the correct answer. 10 EX 7B: Correct Answer and work shown supporting the correct answer. 10 EX 7C: Explanation provided and is correct 10 Chapter 2 Total 80 0 2. How easy was it to classify these projects? What made some projects more difficult than others? What do you think you know that would be useful for managing projects at the hotels? 3. Two new software projects are proposed to a young, start-up company. The Alpha project will cost $150,000 to develop and is expected to have annual net cash flow of $40,000. The Beta project will cost $200,000 to develop and is expected to have annual net cash flow of $50,000. The company is very concerned about their cash flow. Using the payback period, which project is better from a cash flow standpoint? Why? 4. You work for the 3T company, which expects to earn at least 18 percent on its investments. You have to choose between two similar projects. The following chart shows the cash information for each project. Which of the projects would you fund if the decision is based only on financial information? Why? 6. You are the head of the project selection team at Broken Arrow records. Your team is considering three different recording projects. Based on past history, Broken Arrow expects at least a rate of return of 20 percent. Given the following information for each project, which one should be Broken Arrow’s first priority? Should Broken Arrow fund any of the other projects? If so, what should be the order of priority based on return on investment? Recording Project: Time Fades Away Year Investment Revenue Stream 0 $600,000 0 1 $600,000 2 $75, 000 3 $20,000 4 $15,000 5 $10,000 Recording Project: Tonight’s the Night Year Investment Revenue Stream 0 $200,000 0 1 $200,000 2 $125,000 3 $75,000 4 $20,000 5 $10,000 7. The custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects. Below are five projects under consideration. a. Using the scoring matrix in the following chart, which project would you rate highest? Lowest? b. If the weight for “Strong Sponsor” is changed from 2.0 to 5.0, will project selection change? What are the three highest weighted project scores with this new weight? c. Why is it important that the weights mirror critical strategic factors? Chapter 3 Homework Questions Possible Points Earned Points EX 1: Student provided a concise answer in his/her own words 4 EX 2: Student provided a concise answer in his/her own words 8 EX 3: Student provided a concise answer in his/her own words 8 Chapter 3 Total 20 0 Assignment Total 100 0 1. Going to college is analogous to working in a matrix environment in that most students take more than one class and must distribute their time across multiple classes. What problems does this situation create for you? How does it affect your performance? How could the system be better managed to make your life less difficult and more productive. 2. You work for LL Company, which manufactures high-end optical scopes fir hunting rifles. LL Company has been the market leader for the 20 years and has decided to diversity by applying its technology to develop a top-quality binocular. What kind of project management structure would you recommend they use for this project? What information you like to have to make this recommendation, and why? 3. You work for Barbata Electronics. Your R&D people they have come up with an affordable technology that will double the capacity of existing MP3 players and use audio format that is superior to MP3. The project is code named KYSO (Knock Your Socks Off). What kind of project management structure would you recommend they use for KYSO project? What information would you like to have to make this recommendation and why?