Part 2

Question 1

Tuckman Model

Answer 1

1. Forming - leaders direct
2. Storming - decisions hardly made
3. Norming - agreement
4. Performing - strategically aware of what they are doing
5. Adjourning - the end

Question 2

RACI

Answer 2

responsibility
accountable
consulted
informed

Question 3

effort driven scheduling

Answer 3

adding or removing resources to shorten the duration of the task.
does not however shorten total amount of work for that task

Question 4

Net Present Value

Answer 4

discounting future cash flows back into today’s dollar comparison

Question 5

contracts

Answer 5

an agreement between two parties
seller is obligated to sell the service
the buyer is obligated to pay for the service

Question 6

Who assumes more risk vendor or customer

Answer 6

vendor assumes more risk for fixed contracts

customer assumes more risk for time and materials

Question 7

techniques to shorten schedule

Answer 7

adjust resource summaries 
shorten lag time 
split tasks into smaller ones 
fast-tracking 
crashing 
reducing the scope

Question 8

Earned Value Managment

Answer 8

integrates scope, time, and cost

requires have the baseline and the actuals for comparison.