6) Even if a project team is not part of project selection, why is it important for them to know why their project was selected?

6) Even if a project team is not part of project selection, why is it important for them to know why their project was selected?

     Even though a project team may not have been part of the project selection, it is important they know why the project was selected. If they know why a project was selected, they have a better understanding of the business need and what the stakeholders want which should help them make a better product or service.

Team Blog: http://cis1513-pm-takach-groupawesome.blogspot.com/

5) Process Groups - How much time and money is typically spent on projects in each of the process groups. Assume you have one year and $100,000 to spend. Justify your answer.

5)      Process Groups - How much time and money is typically spent on projects in each of the process groups. Assume you have one year and $100,000 to spend.  Justify your answer.

Most of a projects time and money will be spent in the execution process, since this phase involves acquiring the project team, carrying out plans and creating the products or services of the project. This takes up roughly about 70-80% of a projects time and money, depending on how well the planning process went. About 10-20% of time and resources go to the planning process and less than 10% go into monitoring and controlling, initiating and closing the project.

This means that $70,000 to $80,000 and 8 to 9 months goes into the execution process. $10,000 to $20,000 and 1 to 2 months go to the planning phase, and $10,000 an 1 month goes to monitoring and controlling.

Team Blog: http://cis1513-pm-takach-groupawesome.blogspot.com/