PROJ 420 Week 6 Quiz Answers Week 6 Quiz Project Management 1. Choose one type of fixed-price contract and one type of cost-reimbursable contract. Briefly describe them. Give a project example where each one would be best to use. There are different types of fixed-price contracts and cost-reimbursable contracts that can be used when using an external party to help with a project. Another option is to use something called a time-and-material contract. There are benefits to using each type, depend...

Risk Response Implementation (Week 6) Expert Judgement Expert judgement is a term that refers to a technique where judgement is based on the criteria that can be given by one or multiple membe rs of our team, or our team leader or leaders. These techniques are important because the outcome should always be to produce results that can be a type of “product, service, or a specific response to supplied input” (Alby, 2019). The primary goal of an expert judgement is to produce a desired result w...

Project Owners: PROJ 420 Risk Management Project X Risk Register Risk # Description Probability Score Impact Score PI Score Impact Type Planned Response Expected Impact of Response Description of the risk Indicate the probability score for each identified risk Indicate the impact score for each identified risk Probability multiplied by Impact Indicate the impact type Negative or Positive What are the action to be taken should the risk take place What do you expect will result from the response 1...

THIS IS AN EXAMPLE OF A FINAL RMP THAT EARNED FULL POINTS NOTE THAT IS DOES NOT FOLLOW THE BOOK EXAMPLE LETTER FOR LETTER BUT DOES MEET 100% GRADING CRITERIA THAT IS IDENTIFIED UNDER THE COURSE PRO JECT TAB (OF WHICH, I HAVE SUPPLIED AND EXAMPLE AND DOCUMENT IN DOC SHARE). I FOLLOW THE GRADING CRITERIA TO THE LETTER AS THAT IS DEVRY POLICY AND MY GUIDELINES. I HIGHLY RECOMMEND THAT YOU FOLLOW THIS EXAMPLE AS CLOSELY AS POSSIBLE WHEN COMPLETING YOUR RMP PRIOR TO TURN IN. MJD I HAVE WORKED TO MAKE...

Week 4 Discussion _ Work Breakdown Structure Work Breakdown Structure (WBS) within project management In project management, work breakdown structure (WBS) is a visual and hierarchical outl ine for guiding a given project (Zecheru & Olaru, 2016). Visualization helps in proper resource allocation based on mission critical activities, related sub-tasks and inter-dependence among them. In addition, WBS is important in project management because it allows project managers in assigning roles, resourc...

PROJ 420 Week 6 Course Project Assignment: Purchase Here:

Following the worksheet is an example of a completed assignment. It is an EXAMPLE, DO NOT COPY IT WORD FOR WORD. Take your project and adapt it to the example by following the worksheet. This is a cla ss aid that should make your work easier. Refer to the book (?Chapter 5) for what would qualify for these risks you may have some totally different types of risks so please feel free to use them. (mid) The following is copied from the Course Project Tab Week 3: Project Risk Breakdown Structure For ...

Stakeholder Area of Interest Attitude (+/-) Power (+/-) Interest (+/-) Stakeholder Type Hospital staff advantage high low high Primary Engineering team advantage high low high Primary Environmental advantage high low high Secondary Services Administration Non- low low low Secondary advantage Risk Management advantage high high high Internal Contractors Non- high low low External advantage Government advantage low high high External Construction Admin. advantage low high high Direct Project Sizin...

Risk Management Plan for the Houston Community Hospital Project Project Description and Objectives: The scope of this project consists of the construction of the new seven-story Hospital b uilding, a six-story North Parking Garage (804 spaces), a two-story South Parking Garage (429 spaces), a two-story Central Energy Plant, and the construction of an underground Utility Tunnel. We decided to outsource the medical equipment installation and programming to a specialty company called CMI. CMI prepa...