A quick introduction about PMP certificate, how to obtain one and what is process groups and knowledge areas, PDUs and other certificates offered by PMI.
PMI - Project Management
Part of a lecture series on fundamental project management concepts, the lecture presents an overview of project selection methods: scoring,benefit contribution, and economic models.
A quick introduction about PMP certificate, how to obtain one and what is process groups and knowledge areas, PDUs and other certificates offered by PMI.
PMI - Project Management
Part of a lecture series on fundamental project management concepts, the lecture presents an overview of project selection methods: scoring,benefit contribution, and economic models.
Hello everyone! Test your PMP exam preparation and answer this Free PMP® Exam Sample Question of the week. For more of this free PMP exam sample question visit: https://free.pm-exam-simulator.com/free-pmp-exam-simulator
Running Head: EVALUATION 1
EVALUATION 2
Anh La
PJM 6125
Selecting Evaluation Tools
Northeastern University
03/11/2020
Project Objective
Our efforts are focussed on opening an Orangetheory Fitness franchise at Longwood location within four months starting from February 2020. Our analysis showed that many gym goers around Longwood area are extremely dissatisfied with the services and training methods of other fitness centers. The budget for the project is $80,000 and we have 1.5 years to finish it.
Stakeholder Register/Analysis
Stakeholder
Stakeholders role
Type (internal or external)
Stakeholder expectation
Stakeholder interest
Level of influence
Stakeholder views
Strategy for stakeholder engagement
1
Financial manager
Handle project resources
Internal
Possible overruns on the project and return on investment
high
High: failure to evaluate expenditure might rid the credibility of project to the stakeholders.
Neutral
Give daily reporting on the expenditures.
2
Customers
Offer ready market for the fitness class
External
Advancement of service delivery, advanced economic conditions like cost-savings conveniences and measures.
High
High: the unsatisfied clients will destroy the organization reputation.
Neutral
Provide a platform to include the client’s needs and provide incentive.
3
Project management trainer
Enables the training of workers for at least two months
Internal
Advance the credibility as well as job references on the future projects
High
High: realize the achievement of training
support
Offer a conducive environment for training in reference to space.
4
Employee manager
Present the entire project to the company officials.
Internal
Works on ensuring that employees perform quality task as needed
High
High: oversee training and ensuring that all things are in order
Support
Maintain strong existence through the training period.
5
Trainees
Attaining training sessions, attending evaluations and acquiring necessary skills
Internal
Opportunities for job retention or promotion, “free” time during training, acquisition of knowledge and skills
Medium
High: their attitude towards the training as well as attendance will determine the project’s success
support
Use of attendance sheet to evaluate attendance
6
Financial institution
Offers funds to run the project
External
Enable financial opportunities and relationship between the company and the clients
High
High: lack of source of funds the project will not be successfully completed
Support
Lower interest percentage and extended means of payment
7
Executive directors
Work with the project shareholders and explain the project plan for them to approve
Internal
Ease all the pressures from the project shareholders to work together to gain profit and increase pay
High
High: if there is no intervention by these directors then the shareholders might not approve
Support
Reporting the daily proceeding to the shareholders.
8
Suppliers
Being cont.
ROI CERTIFICATION PROGRAM
A comprehensive way to gain the skills, resources,
and knowledge to measure the value of projects
and programs of all types – down to the financial
return on investment (ROI).
According to Project Management Institute (PMI), the Initiating Process Group is the first step to complete the five PMBOK's Project Management Process Groups. The Initiating Process Group consists of (Developing a Project Charter & Identify Stakeholders) those processes performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase.
Hello everyone! Test your PMP exam preparation and answer this Free PMP® Exam Sample Question of the week. For more of this free PMP exam sample question visit: https://free.pm-exam-simulator.com/free-pmp-exam-simulator
Running Head: EVALUATION 1
EVALUATION 2
Anh La
PJM 6125
Selecting Evaluation Tools
Northeastern University
03/11/2020
Project Objective
Our efforts are focussed on opening an Orangetheory Fitness franchise at Longwood location within four months starting from February 2020. Our analysis showed that many gym goers around Longwood area are extremely dissatisfied with the services and training methods of other fitness centers. The budget for the project is $80,000 and we have 1.5 years to finish it.
Stakeholder Register/Analysis
Stakeholder
Stakeholders role
Type (internal or external)
Stakeholder expectation
Stakeholder interest
Level of influence
Stakeholder views
Strategy for stakeholder engagement
1
Financial manager
Handle project resources
Internal
Possible overruns on the project and return on investment
high
High: failure to evaluate expenditure might rid the credibility of project to the stakeholders.
Neutral
Give daily reporting on the expenditures.
2
Customers
Offer ready market for the fitness class
External
Advancement of service delivery, advanced economic conditions like cost-savings conveniences and measures.
High
High: the unsatisfied clients will destroy the organization reputation.
Neutral
Provide a platform to include the client’s needs and provide incentive.
3
Project management trainer
Enables the training of workers for at least two months
Internal
Advance the credibility as well as job references on the future projects
High
High: realize the achievement of training
support
Offer a conducive environment for training in reference to space.
4
Employee manager
Present the entire project to the company officials.
Internal
Works on ensuring that employees perform quality task as needed
High
High: oversee training and ensuring that all things are in order
Support
Maintain strong existence through the training period.
5
Trainees
Attaining training sessions, attending evaluations and acquiring necessary skills
Internal
Opportunities for job retention or promotion, “free” time during training, acquisition of knowledge and skills
Medium
High: their attitude towards the training as well as attendance will determine the project’s success
support
Use of attendance sheet to evaluate attendance
6
Financial institution
Offers funds to run the project
External
Enable financial opportunities and relationship between the company and the clients
High
High: lack of source of funds the project will not be successfully completed
Support
Lower interest percentage and extended means of payment
7
Executive directors
Work with the project shareholders and explain the project plan for them to approve
Internal
Ease all the pressures from the project shareholders to work together to gain profit and increase pay
High
High: if there is no intervention by these directors then the shareholders might not approve
Support
Reporting the daily proceeding to the shareholders.
8
Suppliers
Being cont.
ROI CERTIFICATION PROGRAM
A comprehensive way to gain the skills, resources,
and knowledge to measure the value of projects
and programs of all types – down to the financial
return on investment (ROI).
According to Project Management Institute (PMI), the Initiating Process Group is the first step to complete the five PMBOK's Project Management Process Groups. The Initiating Process Group consists of (Developing a Project Charter & Identify Stakeholders) those processes performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase.
Here is our free CAPM exam sample question from the PM Exam Simulator.
*Stop by at free.pm-exam-simulator.com/ and try the PM Exam Simulator free for 7 days.
Here is our free PMP exam sample question from the PM Exam Simulator.
*Stop by at free.pm-exam-simulator.com/ and try the PM Exam Simulator free for 7 days.
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unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
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• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
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Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
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Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
2. A project manager is developing a cost management plan and needs to determine the best source of
funding for a project that is dictated by a legal requirement. The cost of capital is estimated at 9.7% for
non-dividend paying equity, 6.7% for debt, and 5.1% for self-funding. The NPV of the project is
$500,000, and the opportunity cost is $750,000.
What is the project manager's best course of action?
A. Fund the project with equity since there are no dividend obligations
B. Select the self-funding option since it provides the lowest cost of capital
C. Perform an alternatives analysis since there are multiple factors to consider
D. Recommend the termination of the project since another project has a higher NPV
HINT: What tool or technique associated with the Plan Cost Management process might be helpful in
this situation?
Question
3. The correct answer is C.
The question states that the project manager is developing the cost management plan, which indicates that
the Plan Cost Management process is being performed.
A data analysis technique that can be used for this process includes an alternatives analysis, which is a
technique used to evaluate identified options in order to select the options or approaches to use to execute
and perform the work of the project.
In this case, an alternatives analysis can consist of reviewing funding options such as self-funding, funding
with equity, or funding with debt. Even though the question provides some financial data, there are other
factors which should be taken into consideration before selecting the appropriate source of funding.
Therefore, among the available options, the best course of action for the project manager is to perform an
alternatives analysis.
Answer
4. All our questions are updated to the latest
A Guide to the Project Management Body of Knowledge
(PMBOK® Guide) standard.
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