Question

In: Economics

Q1.You plan to set up a company, so construct a WBS for the project Q2. Explain...

Q1.You plan to set up a company, so construct a WBS for the project

Q2. Explain the role of “ map of interdependencies ” in the WBS

Q3. Give several examples of a type of project that would benefit from a template project action plan being developed.

Solutions

Expert Solution

A work-breakdown structure  in project management and systems engineering, is a deliverable-oriented breakdown of a project into smaller components. A work breakdown structure is a key project deliverable that organizes the team's work into manageable sections.

LEts take Example of House constrution

WBS for  House constrution is as follow

A house is a complex project and a WBS will take that complexity and boil it down to simpler tasks that make the project manageable.

At the top of your WBS would be the final deliverable, which is the construction of the house. Beneath that would be the next stage of deliverables, in this case that would be the foundation, internal work and external work that is required to complete the house.

Each of those three deliverables—the foundation, internal and external work—branch off the main deliverable of the house and are then broken down into a series of tasks. For example, the external work includes masonry work and building finishes.

These tasks, however, can still be distilled to smaller subtasks. Therefore, continuing with our external work example, we can look at the masonry work. This would be divided into a number of subtasks, such as laying the masonry, installing roof drains and roofing.

The WBS when created as thoroughly as possible is a roadmap that collects all the stops on your way to, in this instance, building a house. You can see how a seemingly insurmountable project, when broken down with a WBS, feels like something that can be accomplished, because it shows you how to do it.

Interdependencies are defined as capabilities required for the successful delivery of an individual project, which, by extension, affect the success of the overall IM/IT portfolio. Interdependencies represent a subset of the overall project risks.

Map Interdependencies thus help in understanding of the project risk in a map form thus can indentify the risks present in the particular area and can resolve them and make the overall project more effective and efficent

That helps to provide the summary of the project and Track all the events of the project in the simplied manner

Many house constrution cvompany can benefited from this plan of action and could help them to view the overall project in one Go


Related Solutions

QUESTION 1 (20) Using a project of your choice describe a WBS and construct the WBS...
QUESTION 1 (20) Using a project of your choice describe a WBS and construct the WBS for your project to at least 4 levels.
Let Q1, Q2, Q3 be constants so that (Q1, Q2) is the critical point of the...
Let Q1, Q2, Q3 be constants so that (Q1, Q2) is the critical point of the function f(x, y) = (175)x 2 + (−150)xy + (175)y 2 + (−200)x + (400)y + (230), and Q3 = 1 if f has a local minimum at (Q1, Q2), Q3 = 2 if f has a local maximum at (Q1, Q2), Q3 = 3 if f has a saddle point at (Q1, Q2), and Q3 = 4 otherwise. Let Q = ln(3 +...
Let Q1, Q2, Q3 be constants so that (Q1, Q2) is the critical point of the...
Let Q1, Q2, Q3 be constants so that (Q1, Q2) is the critical point of the function f(x, y) = (90)x 2 + (0)xy + (90)y 2 + (−72)x + (96)y + (40), and Q3 = 1 if f has a local minimum at (Q1, Q2), Q3 = 2 if f has a local maximum at (Q1, Q2), Q3 = 3 if f has a saddle point at (Q1, Q2), and Q3 = 4 otherwise. Let Q = ln(3 +...
Q1) Discuss the top-down and the bottom-up digital design methodologies? Q2) Explain the advantages and disadvantages...
Q1) Discuss the top-down and the bottom-up digital design methodologies? Q2) Explain the advantages and disadvantages of FPGAs compared to ASICs? Q3) Explain the benefits of hierarchical design methodology in Verilog HDL? Q4) Discuss the tradeoffs between PLDs and FPGAs devices? Q5) Discuss the advantages and disadvantages of HDL modeling using built-in primitives and User Defined Primitives (UDPs)? Q6) Discuss the tradeoffs between schematic-based design and HDL-based design? Q7) Discuss the tradeoffs between PLDs and ASIC devices? Q8) Discuss the...
You have been appointed project manager for a company critical project. After a detailed WBS analysis...
You have been appointed project manager for a company critical project. After a detailed WBS analysis you have identified 15 key activities that make up the project. The following table details for each activity its duration and its preceding activities. Activity Preceding Activity Duration Days A - 8 B - 6 C A 5 D A 9 E B 5 F B 12 G D,E 4 H C 5 I H 12 J G,F 7 K J 10 L J...
C(Q1, Q2) = 3,500 - 205Q1Q2 - (Q1)2 + (Q2)2 A. What do you need to...
C(Q1, Q2) = 3,500 - 205Q1Q2 - (Q1)2 + (Q2)2 A. What do you need to know from the equation above to see if there are Cost Complementarity? Are there Cost Complementarity? B. What is MC1(Q1,Q2) ? C. What is MC2(Q1,Q2) ? D. Are there economies of scope? Explain. E. What are the implications for a merger?
To build a deck it cost $ 7000. So within the WBS you need to give...
To build a deck it cost $ 7000. So within the WBS you need to give the time and cost for each activities.
[C++] Write an algorithm to transfer the elements from queue Q1 to queue Q2, so that...
[C++] Write an algorithm to transfer the elements from queue Q1 to queue Q2, so that the contents in Q2 will be in reverse order as they are in Q1 (e.g. if your queue Q1 has elements A, B, and C from front to rear, your queue Q2 should have C, B, and A from front to rear). Your algorithm must explicitly use an additional stack to solve the problem. Write your algorithm in pseudo code first.
You are considering a project that will cost $50,000 to set up, and will pay out...
You are considering a project that will cost $50,000 to set up, and will pay out $18,000 1, 2, 3 and 4 years from today. The unlevered beta for this project is 1.2, the risk free rate is 6.5%, and the expected return on the S&P 500 is 15%. Corporate taxes are 25%. a. What is the unlevered cost of equity for this project? b. What is the NPV of this project if you finance with all equity? c. You...
Q1. List and explain the four parts of the scientific method. Q2. List and explain the...
Q1. List and explain the four parts of the scientific method. Q2. List and explain the seven characteristics typical of all living things. Q3. List and describe the functions of the organelles found in eukaryotic cells. Q4. Explain the relationship between DNA replication and cell division. Next five Questions 5 to 9 are on this link -->  https://www.chegg.com/homework-help/questions-and-answers/q5-define-ecology-terms-biotic-abiotic-community-population-ecosystem-explain-related-q6-e-q30048335
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT