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Cambrian Methods of Estimation to Produce the Deliverables Discussion Questions

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1)You have been assigned as project manager for a small construction project that will convert an existing 3000 sq ft boardroom into a training room to facilitate computer-based training in your organization. You have 4 weeks to complete the project, and you are asked to provide the project sponsor with a high-level estimate of the resources required, and their anticipated costs. You know that you will need 8 computer workstations, suitable office furniture, audio-visual equipment for the trainer and IT support to install equipment and ensure connectivity for the new space.Provide estimates using 2 different methods of estimation that you would use to produce the deliverables. Which method is preferred? Why?

2)Your project team is faced with a dilemma. Originally, the project plan (as described in Q#1) anticipated a 4 week project duration. However, due to a labour dispute with the local union, it appears a work stoppage is imminent. As project manager you must decide how to proceed and provide a report to the project sponsor by the end of the week. Describe how you would use the rational decision-making process to assist in making any decision(s), including the advantages and disadvantages of this paradigm.

3)You are asked to negotiate a contract to supply flooring for a 200 sq ft home renovation project for which you are the Project Manager. You have a budget limit of $4000 for flooring, but your vendor has indicated that the type of flooring you are considering is $25/sq ft. Describe the “Bargaining Zone” for your negotiations with the vendor.

4)What are the first three (3) processes in the Project Resource Management knowledge area. Describe, in simple terms, the purpose of each process.