Question 1: Identify and briefly describe the six elements on the recommended project scope checklist. Provide an example of each for a simple project.
Question 2: What are the Responsibility and the OBS? How are each used in project management?
Question 3: Explain the difference between a Product based WBS and a Process based WBS. Provide an example of each.
Question 4: What is Project Priority Matrix? Identify and briefly describe the three categories used to classify the priority of major project parameters.
Question 5: A company provides a service for $2,500 per engagement. If the variable cost of the engagement is $800 (covering labor and other direct fees) and the fixed costs of the organization are $1,500,000 calculate the breakeven point for this service.
Describe hoe breakeven analysis assists the project manager in the selection of projects.