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You are estimating the total project cost using three points for cost estimates with a 95 percent confidence level. What is the cost estimate range if the estimated project cost is $120,000 and the standard deviation is $2,500?
You are the project manager on a construction project where you are deliberating between renting, leasing or purchasing a large piece of equipment. Equipment pricing: Rent at a cost of $2,500 per day; Lease for a 60 day period at $2,500 per day, with a 10% discount; Purchase at a price of $100,000. By looking at your project schedule, you have estimated that you will use the equipment about 50 to 60 days. Based only on price, which decision would you recommend?
Your organization and a seller have just agreed to a contract with a total cost of $150,000, an estimated profit of $10,000, buyer/seller sharing of 70/30 and a ceiling price of $170,000. What is the PTA (point of total assumption)? A. $170,000 B. $160,000 C. $164,2...
In this blog series, we'll get you up to speed on using the key tools listed in the PMBOK® Guide, including Decision Tree Diagrams.
In this blog series, we'll get you up to speed on using the key tools listed in the PMBOK® Guide. First up, Work Breakdown Structure (WBS).
Young adults unable to find work, employers unable to fill jobs, a recent GAO study that reported substantial declines in telecommunication expertise — there has been a lot of news about the pervasiveness of skills gaps, their causes, the actual impacts and what to do about them. It’s rather confusing, because the term “skills gaps” has been hijacked to politicize an extremely wide range of issues.
Business Continuity and Disaster Recovery (BC/DR) planning is the process of developing the plans, processes and procedures to respond to the range of incidents. We start with understanding the essential functions of an organization, called Business Impact Analysis (BIA). In life, we set the same priorities: protection of family and friends, shelter, food and water and other life-giving essentials.
One of the main weapons of organized crime on the Internet is the use of junk email, also called spam. Hackers use spam for a number of purposes such as selling counterfeit products (medicines, particularly) to steal your personal or financial information, or to infect your computer with spyware and malware. This malicious software can then hijack your computer and your Internet connection to help propagate itself.
Pen testers beware. Whether you believe you know and understand all the potential legal issues, read on. First of all, a penetration test or “pen test” is a method that’s used to evaluate the security and/or vulnerabilities in a network. This test is normally conducted externally wherein the tester is attempting to hack a network or computer. Breaking into computers and networks is illegal under the Computer Fraud and Abuse Act (CFAA), and depending on your activities and other factors, other federal laws and state laws may be broken.
In this series, we are looking at six things that can trip up project managers. We’ve covered the hazards of overcommitting, how to provide feedback, the importance of taking responsibility, staying focused, and what leading from the front can actually look like. Finally, we’ll take a look at handling team input.