You are a project manager for Fly Me to Miami travel services. You are in the process of documenting and distributing project information. You know all of the following statements are true regarding information exchange except for which one?
You are the project manager for the Heart of Texas casual clothing company. It’s introducing a new line of clothing called Black Sheep Ranch Wear. You will outsource the production of this clothing line to a vendor. Your legal department has recommended you use a contract that reimburses the seller’s allowable costs and includes a fixed fee upon completion of the contract. Which of the following contract types will you use?
A project manager is preparing to lead a project status meeting. The project is currently 75 percent complete and is reaching the most critical point. Since the project sponsor is planning on attending the meeting, the project manager decides to update the earned value calculations to present the latest performance updates in terms that the sponsor will want to see. The budget at completion (BAC) is set at $550,000, and the current estimate at completion (EAC) is at $525,000. What variance at completion (VAC) value will the project manager communicate to the sponsor?
Ken is a product owner for a new product and is integrating smart technology into refrigerators. The latest project aimed to incorporate new features into the product. These features involved the use of facial technology to recognize members of the household as they walked by, displaying tailored recommendations on a panel within the refrigerator, such as favorite recipes or encouraging comments. Recently, Ken received the news that a competitor beat his company to market, and a window was missed. The project was cancelled. The competitor had recently showcased its technology in a key annual appliance conference, but Ken was not able to attend. What did Ken fail to do?
Legitimate, expert, referent, and punishment are all types of what?