Two new software projects are proposed to a young, start-up company. The Alpha project will cost $150,000 to develop and is expected to have annual ne

Two new software projects are proposed to a young, start-up company. The Alpha project will cost $150,000 to develop and is expected to have annual net cash flow of $40,000. The Beta project will cost $200,000 to develop and is expected to have annual net cash flow of $50,000. The company is very concerned about their cash flow. Using the payback period, which project is better from a cash flow standpoint? Why?

What do you think you now know that would be useful for managing projects at the hotel?

You manage a hotel resort located on the South Beach on the Island of Kauai in Hawaii. You are shifting the focus of your resort from a traditional fun-in-the-sun destination to eco-tourism. (Eco-tourism focuses on environmental awareness and education.) How would you classify the following projects in terms of compliance, strategic, and operational?   a.   Convert the pool heating system from electrical to solar power. b.   Build a 4-mile nature hiking trail. c.   Renovate the horse barn. d.   Launch a new promotional campaign with Hawaii Airlines. e.   Convert 12 adjacent acres into a wildlife preserve. f.    Update all the bathrooms in condos that are 10 years or older. g.   Change hotel brochures to reflect eco-tourism image. h.   Test and revise disaster response plan.                                                         How easy was it to classify these projects? What made some projects more difficult than others?

1.            How valuable do you think being a certified PMP is?

1.            If you were a student interested in pursuing a career in project management how important do you think being a CAPM would be?

What are some of the key environmental forces that have the way projects are managed? What has been the effect of these forces on the management of project?