Quiz 14: Project Planning and Acquisition

Business

a) Construction of a hydroelectric dam is a project because it is an activity focused on creating something that has never existed before. The construction effort will have a limited lifespan and a budget. b) Operation of a nuclear reactor is not a project because it is an ongoing activity. c) The development of a B-2 bomber engine through the first production prototype is a project because it is culminating with a result that has never existed before. d) Production for an additional 20 F-15 aircraft is not a project; it is a continuation of manufacturing of a product that was developed through a project effort.

a) The following is a milestone schedule for the construction of the bridge. img The following is a work breakdown structure for the construction of the bridge. img b) The following is a milestone schedule for the movement of the printing department. img The following is a work breakdown structure for the movement of the printing department. img

Proposal preparation: Company X is a consulting company that helps manufacturing companies to set up their assembly lines and quality control processes for high technology products. When the company receives a request for work, the tasks are first evaluated by the VP of Engineering to determine whether it is something within the company's area of expertise. If the VP of Engineering accepts the task, then a member of the finance department in conjunction with two members of the engineering team prepare a proposal for the cost of carrying out the task. This task also includes a cover letter, a statement of work, specification of the length, and stack of standard clauses. Once this is done, the company sends the estimate to the party requesting the proposal. Once the party accepts, then the engineering team begins working on how to best execute the task described in the proposal. This type of approach is called as proposal preparation.