Project Management

1. You are refining the product description for your company’s new line of ski boots. Which
of the following statements is true and why?

A. You are in the Initiating processes of your project and know that the product description
will contain more detail in this stage and that a decreasing amount of detail will be added to it as the project progresses.
B. You are in the Planning processes of your project and know that the product description will contain less detail in this stage and greater detail as the project progresses.
C. You are in the Planning processes of your project and know that the product description should contain the most detail possible at this stage because this is critical information
for the Planning process.
D. You are in the Initiating process of your project and know that the product description will contain less detail in this stage and greater detail as the project progresses.

You have been assigned to manage a project with your team to build the next generation ski boot. This a 4 phase project which will look, in order of events (i) The binder technology (ii) the material of the boot and binder (iii) the overall design (colours, logo, functionality etc). (iv) the overall strength of the boot and final prototype is made

1. Explain how you would assign these tasks, how you would prioritise and how you would initiate the project.

2. The project has 4 equal budgets assigned by your MD of $20,000 per project. Your schedule is one project per quarter (total project = 1 year) so you should finish in 1 year with a cost of $80 000.

Q 3 Progress: Project 3 the overall design is now underway but is behind schedule. Only half of the project was completed for various reasons, but only spent $14,000 that day

Are you ahead or behind schedule?
How much over/under budget are we? Explain where you are in terms of schedule and budget and if appropriate what next steps should be taken.
3. Q4 Work is now complete and after your recommendations the work is complete. You needed to get some 3rd party technologies in to complete the project and present the final prototype to the board. The final costs of the project was as follows:

Q1 = $20000; Q2 = $22000 Q3 = $25000 Q4 = 22000.

You have a meeting with the CFO and wants some figures quickly. Present him with some numbers e.g. Cost variance on the project, Scheduled variance, Cost Performance Index, Schedule performance index, to help him understand the project.

4. Your MD wants the project to go ahead. All the engineering, factory, specifications are in place. He want this to be a model for Six Sigma TQM roll out for other factories and other products. What steps and rationale are you going to use so that this project can be a “success” commercially and in terms of TQM and how you would initiate this project.
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