LO’s Module learning outcomes covered by this task(from the Module descriptor)
A Appraise a suitable organizational structure for monitoring and control of projects
Evaluate strategies for reduction of uncertainties and the management of associated risk,including that due to the specific nature of projects
Guidelines and background to the assessment
Hand in date Duration 5hours: 30 minutes
Instructions: ANSWER ALL QUESTIONS FOR 100 MARKS
Time allowed 5hours: 30 minutes
This an open book examination, the questions are to be sent to Students via Student group WhatsApp platform and through individual E-mails of students. Students have 5hrs :30 minutes upon receipt of the questions to complete and submit their work through Turnitin. Students are to ensure they have stable internet access on the day of the examinations. The date of the examinations shall be communicated to students later by the school.
Also note that students who are not good at using Microsoft Office Word to draw network diagrams could draw them manually, Scan and Upload it. All diagrams must be appropriately labelled as such.
All answers are to be referenced appropriately
Organizational structure impact greatly on the management of projects. With the aid of diagrams illustrate:
1a. Functional Organization, Balanced Matrix and a projectized organization.
1b. Critically evaluate the potential impact the organizational structure of a Projectized and Functional Organization could have on the management of a project in the respective organizations (10 Marks).
A company is in the process of inventing a Covid-19 vaccine. There is serious disagreement on whether the company should move straight into commercial production without a clinical trial or conduct clinical trial before moving into commercial production. The available data indicates that releasing the product unto the market has 5% of failure with an impact of £20,000,000 when clinical trials is done. Whereas failure to do clinical trials has 98.55 of failure with an impact of £900,000,000. Should there be success in both scenarios there will be no impact. Please note that the cost of conducting clinical trial is £150,000,000.
Using Estimated Monetary Value (EMV) and Decision Tree Analysis as a project manager critically assess the options and advice on the best option.
i. Construct a Decision Tree for the above case (5marks)
ii. Critically analyze the options available and advice on the best option based on the data provided (5 marks)
2b. In table 2c are identified risk with their probability and impact on occurrence
calculatethe Estimated Monetary Value (EMV) of the Risk. Which of the identified
risk will you put on watch list Assign a reason for your decision (10Marks)
SRL Risk Probability Impact in, GHC EMV
1 Attack by youth on project Site 20% 4,000,0000
2 Flooding of project Site 50% 300,000,000
3 Contractor Bankruptcy 1 100,000,000
4 Fire outbreak 0.1 1000
5 Protest from local Community 25% 1000
3a Construct an activity network diagram using Table 3a. (5marks)
Activity Preceding Activity Duration in Weeks
A Start 4
B Start 7
C A&B 6
F B 6
D C &F 9
G F 11
E G &D 12
I E&H 8
H G 9
J H 10
Table 3a Activity Durations and relationship
i. Conduct a forward and backwards pass for the activity network Diagram you
have constructed and identify the critical and its duration. (10 Marks)
ii. Calculate the float on Activity A. and proceed to analyze how knowing the
float can help to manage project schedule risk on a project (5Marks)
3b. Assuming that there is the risk of exceeding the project schedule baseline of 44 Weeks,
critically evaluates the options available that could be used to bring the project on track
. 4a Poorly defined Scope of work (SOW) is a recipe for disaster and introduces a
project to Risk during the contracting and procurement process. Critically analyze
these statements in the light of Fixed Price (FP) Contract (10Marks)
4b. Project Risk, Stakeholder Influence, and the Cost to manage the risk events are both a
function of time based on the project life cycle using a diagram/graph appraise the
statement. And prove that it is better to identify risk at the beginning of project than
later in the life cycle of a project (15 Marks)
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