Problem 1: Referring to the quiz case study, there's been some conflict with Monica and Zee around the budget, vs what was originally estimated, and now things are ballooning out of control with costs, resources, labour, and parts for building the prototype. With what you know about Monica and Zee, what strategy would you use to manage this conflict?
Problem 2: There are numerous ways to tailor your approach to a project.
Give an example of a specific project and explain your reasoning of why a project should use a waterfall approach.
Give an example of a specific project and explain your reasoning of why a project should use an agile approach.
Problem 3: What are the 4 stages of tuckmans model of team performance, and explain why some teams can stuck in the storming stage? Explain your reasoning in your own words.
Problem 4: Budget has been really tricky to navigate on the new product build. Once the project has started, yourself as the project manager have done a calculation and come up with a value earned of 20,000 but the actual cost was 18,000. What is the cost variance, and what does this number tell us? (Is the project ahead of schedule behind schedule? Or under or over budget)?