What is "Readjustig goal and Milestone" in project
managment and project planing
Answers were Sorted based on User's Feedback
Answer / n krishnaswamy
Milestone is nothing but important achievement in a
project.If there is any Scope Creep, then Readjusting
Goal comes into picture
| Is This Answer Correct ? | 2 Yes | 3 No |
Answer / kiran
Milestone : is a check point to verify the progress of our
project activities. Internally, we will divide the project
into various chunks and have milestones to testify our
approach towards the project goal.
Readjusting : If you identify team is behind the
expectations and far from the milestone, we have to further
work on the milestone by reducing the scope or increasing
the resources or productive hours.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / srikanth
It is a part of Change management process. Most probably
one will Readjust the goal only if the scope of the work
changes and hence accordingly change the milestone.
| Is This Answer Correct ? | 2 Yes | 4 No |
Answer / shri
Change in requirement requires you to re-adjust goal of the
project and milestones in-turn.
| Is This Answer Correct ? | 0 Yes | 4 No |
Answer / somnath mukherjee
Re-adjustment in goals and milestones also come from
factorizing the critical success ratios in a project. This
is an ongoing process that gets re-visited in a project
life cycle, especially impacting the development and
delivery approach. Goals will hardly have a potential
change, but milestones will be vulnerable to the demand of
the time, cost, speeded success and most importantly, the
utilization of the resource pool - both human and non-
human.
| Is This Answer Correct ? | 2 Yes | 7 No |
You are the project manager for Design Your Web Site, Inc. Your company is designing the website for a national grocery store chain. You have your activity list in hand and several time estimates and are ready to diagram the activity dependencies. You should use which of the following? A. PDM techniques B. PDM or ADM techniques C. AON techniques D. ADM techniques
You are a contract project manager for a wholesale flower distribution company. Your project is to develop a website for the company that allows retailers to place their flower orders online. You will also provide a separate link for individual purchases that are ordered. This project involves coordinating the parent company, growers, and distributors. You are preparing a performance review and have the following measurements at hand: PV = 300; AC = 200; and EV = 250. What is the CPI of this project? A. 0.80 B. 1.25 C. 1.5 D. 0.83
You are a project manager working for Mail House King. Your company processes orders for several mail-order catalog companies. Your project is to install new mail-sorting equipment and software. You’ve had some problems and experienced some variances so far during the project. You do not expect these variances to continue, as they're atypical. Your project sponsor has asked for an EAC. You know the following information: PV = 800, BAC = 700, EV = 675, AC = 750, and ETC = 30. Which of the following is the correct EAC given the circumstances? A. 25 B. 760 C. 775 D. 833
You are the project manger for Xylophone Phonics. They produce children's software programs that teach basic reading and math skills. You're performing cost estimates for your project and don't have a lot of details yet. You will use which of the following techniques? A. Analogous estimating techniques, because this is a form of expert judgment that uses historical information from similar projects B. Bottom-up estimating techniques because this is a form of expert judgment that uses historical information from similar projects C. Monte Carlo Analysis, because this is a modeling technique that uses simulation to determine estimates D. Parametric modeling, because this is a form of simulation used to determine estimates
How do you ensure that your project is always on track?
You are in the Planning process of your project, and your project sponsor has requested an accurate cost estimate in two weeks from today. You'll use which of the following techniques to provide her with the most accurate cost estimate? A. Bottom-up B. Analogous C. Top-down D. Earned value
Common causes of variances are a result of all of the following except: A. Random variances B. Predictable variances C. Special variances D. Variances that are always present in the process
Mathematical models using linear, dynamic, integer, or algorithm models are considered: A. Project selection criteria B. A form of expert judgment C. Project selection methods D. A form of historical information
You are a project manager for Dutch Harbor Consulting. Your latest project involved the upgrade of an organization's operating system on 236 servers. You performed this project under contract. You are in the Contract Closeout process and know that you should document: A. Lessons learned B. Performance measurements C. Formal acceptance D. Product verification
Your project was just completed, accepted, and closed. As is customary for your organization, you conduct a post-implementation audit. The purpose of this audit includes all of the following except: A. Evaluating project goals and comparing them to project product B. Reviewing successes and failures C. Documenting the acceptance of the work results D. Documenting possible improvements for future projects
You are working on a project that was proceeding well until a manufacturing glitch occurred that requires corrective action. It turns out the glitch was an unintentional enhancement to the product, and the marketing people are absolutely crazy about its potential. The corrective action is canceled, and you continue to produce the product with the newly discovered enhancement. As the project manager, you know that a change has occurred to the project scope. Which of the following is true? A. Project scope changes do not require CCB approval. B. Performance measurement baselines are affected by scope changes. C. Project scope change uses inspection to determine if change has occurred. D. Project scope change uses workarounds to correct unexpected problems with scope change.
You are a project manager for Swirling Seas Cruises food division. You're considering two different projects regarding food services on the cruise lines. The initial cost of Project Fish'n for Chips will be $800,000 with expected cash inflows of $300,000 per quarter. Project Picnic's payback period is six months. Which project should you recommend? A. Project Fish'n for Chips because its payback period is two months shorter than Project Picnic’s B. Project Fish'n for Chips because the costs on Project Picnic are unknown C. Project Picnic because Project Fish'n for Chips' payback period is four months longer than Project Picnic’s D. Project Picnic because Project Fish'n for Chips' payback period is two months longer than Project Picnic's