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A reward system for project management should be:

a. Greater than rewards for process management.

b. Based on the money saved managing the project.

c. Based on the money generated by the project.

d. Differentiated from normal functional rewards.

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Joshua Stredder
Joshua StredderLv10
23 Jan 2021

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Which of the following is false regarding risk and return? A. The risk-free asset earns the lowest rate of return. B. The reward for bearing risk is known as the standard deviation. C. Based on historical data, there are ample rewards for bearing risk. D. An increase in the risk of an investment will result in an increased risk premium. E. In general, the higher the risk the higher the expected return.

Warm Duck is considering investing in a project whose risk is greater than the firm's current risk level based on any method for assessing risk. Which of the following should management do when evaluating this project?

a. To take the higher risk level into account, they will need to use a discount rate that is greater than the capital to evaluate the project.

b. To take the higher risk level into account, they will need to increase the flotation expenses associated with the project.

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d. They should always reject the project because it will increase the firm's risk level.

Leading the implementation of small, medium and large complex projects requires the knowledge and expertise of a “champion” to guide the project along the various steps, stages and process towards the successful implementation. In health care, Project Management (PM) extends itself with the integration of a health information system(s). Construct a Project Management Plan for the adoption of an Artificial Intelligence (AI) technology. Search online for a breakdown on the types of AI’s in order to choose an AI of your choice.

The final product to submit is a five (5) to six (6) page Project Management Plan that includes the following:

Initiation

Develop a two (2) – three (3) page Project Scope Statement that includes:

Description of the project

Purpose of the project

Three (3) desired project objectives

Enterprise Architecture Model to breakdown (depicting functional and technical architecture)

Project assumptions

Project constraints

User Requirement Matrix (refer to the sample user requirement matrix below)

Project Deliverables

Project Milestones

Planning

Similar to a Team Charter; however with greater detail, construct a Project Management Plan that includes:

Project Description

Three (3) identified project outcomes

State the purpose of the project management plan

Devise a six (6) project deliverables timeline

Execution

Methods of Communication among all participating members

Frequency of scheduled meetings

List all participating team members and the assigned roles of each member

Project Monitoring and Control

Performance Reporting

Status updates

Progress reports

Project changes

Project Closure

Reflections

Lessons learned

De-allocate resources

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