CEN 4010 (Software Engineering 2) - Final Questions And Answers Rated 100% Correct

Project Closing: Types - ️️1. Termination by integration and termination by addition Successful cases: project outputs integrated and/or used as input for another project/production 2. Termination by starvation Project ends because resources run out. 3. Termination by extinction Termination by management because the project failed (objectives not met, superseded by technical advances, not profitable anymore). Managing Project Costs - ️️The project manager is tasked with keeping the three main aspects of a project under control: quality, time, and cost. Its main goals are: 1. To ensure that the money is available when it needs to be spent. 2. To monitor project expenditures so that the project remains within the budget. The info you're interested in: 1. Budget 2. Transfers 3. Actual Cost Cost Element Structure (CES) - ️️A hierarchical structure that defines precisely what are the cost items to take into account in each project. Direct Costs - ️️Direct costs are the expenses directly related to carrying out a project. These include: • Personnel costs of the personnel involved in the project. Computed from effort and rates. e.g., salary, tax, retirement funds, etc. • Materials and Supplies cost of materials necessary to produce the project outputs, e.g., office supplies. • Hardware and software cost of specific h/w and s/w for the project. • Travel, meeting, and events cost necessary to meet customers and other stakeholders. • Consultants and subcontracting costs related to work that is subcontracted. • Other costs all those expenses that do not fit nicely in the other categories, e.g., books, training, and renting equipment.Budget - ️️A project budget is a view of the predicted cash flow (incomes and expenditures) of a project. Indirect Costs - ️️Indirect costs (or overheads) include the expenses necessary to run the facility and make work actually doable. These include: • General overheads - costs necessary to run the infrastructure supporting the production team (e.g., office space rents, heating, administrative staff, consumables, and networking) • Project overheads - costs necessary to run the project-specific infrastructure. Usually applies to large projects or to specific situations in which the accounting is performed at this level of detail. Project Closing: Steps in Closing a Project - ️️1. Getting client acceptance 2. Installing project deliverables 3. Archiving old deliverables 4. Documenting the project 5. Performing a financial closure 6. Performing postimplementation audit 7. Releasing staff. Project Closing: Post-Mortem - ️️1. Conduct project survey. Elicit main issues and strengths of the project 2. Collect objective information. Elicit quantitative measures about the project 3. Hold a debriefing meeting. Provide frank feedback 4. Conduct a project history day. Find the root causes of problems 5. Publish the results. Make sure your organization, your team, and you can learn from the experience Metrics: - Cost Metrics - Schedule Metrics - Quality Metrics