the organization’s accounting system

  1. Suggest some reasons why the authors insist that the project manager must be familiar with the organization’s accounting system.
  2. Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides for an eight-session class. From previous experience, you know that your firm follows and 85 percent learning rate. For this contract it appears the effort will be substantial, at the rate of $100/hour and the overhead is expected to run a fixed $600 per session. The customer will pay you a flat fixed rate per session. If your nominal profit margin is 20 percent, what will be the total bid price, the per session price, and at what session will you break even? The time required to complete the first session of the Power Point project is 50 hours.
  3. Complete the schedule calculations for the network provided in the pdf file accompanying this exam and build a table showing the activity, early start, early finish, late start, late finish, free float, total float for each activity. Assume no weekends, or days off.
  4. This question is based on the Project Management in Practice: Designing and Delivering a Rush Vehicle for War (M&M pg. 374). Give a brief answer to the following questions related to this case. What price per vehicle did the army pay? Although not the hundreds of millions often paid for a new plane, why such a high price compared to, say, a car? Given the long history of expensive and year-late military equipment projects, why wasn’t this approach used sooner? What might be the weaknesses of this new approach?