Project Management Module Coursework Essay Example | Topics and Well Written Essays - 1250 words

Project Management Module Coursework - Essay Example The cost information that would be necessary would be in terms of the length of the project, the total costs of the project, the efforts of the staff that is Person: Days Ratio. The cost information could be obtained from the use of the standards and measurements sections. We can ensure that costs are in line with the estimates by making frequent comparisons with the actual costs with the estimates. The aspects of standard costing could also be established with respects to costs, recoveries and efficiency studies. Question 1C: The choice for selection of project manager is being considered, In this connection, it is necessary to appoint a person with IT background, since it is nowadays, a crucial aspect of project management, and IT is very much necessary for application in industry situations. Moreover, it is also seen that effective business solutions, especially in the areas of Project Management, is inextricably linked with IT, Question 1D: The Baseline metrics could be seen in terms of Development productivity, unit costs and lapsed time/unit. .In terms of development productivity, it measures one unit of effort could result in how many products. The unit costs could measure the amount of cost needed to produce one unit of product. The lapsed time per unit would be in terms of the time taken to produce one unit. Question 2: A: The activity on arrow is a simple and easily understandable diagram which is also amenable to corrections. Even a non-technical person could follow these diagrams and understand the path of the network. It is also seen that the major achievements are easily marked and even in cases where there are multiple relationships between processes, the AoA diagrammatic representation is easier to understand. Question 2 B: A dummy activity is one which is representative of a dependency but which has no time allotment, that means it could be carried simultaneously with another activity and therefore has 0 duration. The