Project Management-PJM-721-Comprehensive Midterm Assignment – Version 3

PJM-721: Strategic Project ManagementComprehensive Midterm Assignment – Version 3Your Name: ________________Course Session: ___________________You must answer Question 1 and any other four questions. Be sure to answer allparts of the questions.1. What are some of the key environmental forces that have changed the wayprojects are managed? What has been the effect of these forces on themanagement of projects? (This is required to answer.)2. The portfolio of projects is typically represented by compliance, strategic, andoperational projects. What impact can this classification have on projectselection?3. What kinds of information are included in a work package? What are the sixelements of a typical scope statement?4. How does the culture of an organization influence the quality of estimates? Whatare the major types of costs? Which costs are controllable by the projectmanager?5. What is the difference between free slack and total slack? Why are lags used indeveloping project networks?6. The chances of risk events occurring and their respective costs increasingchange over the project life cycle. What is the significance of this phenomenon toa project manager? What is the difference between mitigating a risk andcontingency planning?

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