1- Question one:
Explain using your own words the following sentence: Projectmanagers play a key role in helping projects and organizations succeed.
2- Question Two:
Explain why it is much more expensive to make major changes to a project during later phases of the project life cycle.
3- Question Three:
Perform a financial analysis for a project using the format table provided in Module 4. Assume the projected costs and benefits for this project are spread over four years as follows: Estimated costs are $150,000 in Year 1 and $35,000 each year in Years 2, 3, and 4. Estimated benefits are $0 in Year 1 and $85,000 each year in Years 2, 3, and 4. Use a 12 percent discount rate, and round the discount factors to two decimal places. Create a table to calculate and clearly display the NPV, ROI, and year in which payback occurs. In addition, write a paragraph explaining whether you would recommend investing in this project, based on your financial analysis.
4- Question Four:
Project monitoring and controlling is done throughout the life of a project and involves all 10 project management knowledge areas.
Why monitoring and controlling is important?
Discuss at least two ways to monitor and control a project.