Assignment 7

Essay questions

Please read and study Chapter 6 – “Developing a Project Plan,” and Chapter 7 –
“Managing Risk,” and Chapter 8 – “Scheduling Resources and Costs” in your
textbook by Larson & Gray .

complete and submit the following questions.   They will include a series of content,
integration, and synthesis related to the reading assignments.   Questions will cover
the content of the material and will require the learner to think critically and
contextually about the subject matter.  Your responses must be complete, using
terminology and concepts presented in the primary textbook as well as
supplementary resources.  Write in complete sentences and use good grammar,
double-spacing, 12 point font, with one inch margins.   Be sure to cite your resources
and provide the references using APA format.   Remember to reference all work cited
or quoted by the text authors. You should be doing this often in your responses.
 
How does the work breakdown schedule (WBS) differ from the project network?
 
Why bother creating a WBS?  Why not go straight to a project network and forget the
WBS?
 
Why are lags used in developing project networks?  What is a hammock activity and
when is it used?
 
What is the difference between avoiding risk and accepting risk?   Also, what is the
difference between mitigating risk and contingency planning?
 
Explain the differences between budget reserves and management reserves.
 
How does resource scheduling tie to project priority?  Also, how does resource
scheduling reduce flexibility in managing projects?
 
How can outsourcing project work alleviate the three most common problems
associated
with multi-project resource scheduling?
Assignment Outcomes
Define work breakdown schedule (WBS) and project network.
Discuss project lags, types of risks, plus, budget and management reserves.
Explore project priority, resource scheduling, outsourcing, and time-phased baseline.
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Resources
Book
Larson, E.W., & Gray, C.F.   (2014).   Project management: The managerial process.   (6th ed.).  
McGraw Hill.    9781259186400
E-Text ISBN: 978-0-07-726947-0