Further exercises

1. Identify the major risks that could affect the success of the Brightmouth College Payroll project and try to rank them in order of importance.

2. Working in a group of three or four, imagine that you are about to embark upon a programming assignment as part of the assessed work for your course. Draw up a list of the risks that might affect the assignment outcome. Individually classify the importance and likelihood of each of those risk as high, medium or low. When you have done this compare your results and try to come up with an agreed project risk matrix.

3. Explain why discounted cash flow techniques provide better criteria for project selection than net profit or return on investment.

4. Consider the decision tree shown in Figure 3.6 and decide, given the additional possibilities, which option(s) IOE should choose.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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